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How Motorsport Games (MSGM) makes money
Motorsport Games (MSGM) made $3.5M of revenue in the second quarter 2026 (Q2 2026), +37% from a year earlier. Gaming brought in $3.5M (99%); Esports brought in $36K (1%). Of every dollar of revenue, 82¢ was left as gross profit, 18¢ was left as operating profit, 11¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Gaming | $3.5M | 99.0% | — | +35% |
| Esports | $36K | 1.0% | — | — |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $3.5M | 100.0% |
| Cost of revenue | $644K | 18.2% |
| Gross profit | $2.9M | 81.8% |
| Operating expenses | $2.3M | 63.8% |
| Operating profit | $638K | 18.0% |
| Net earnings | $401K | 11.3% |
| Operating cash flow | $1.1M | 31.7% |
| Free cash flow | $1.1M | 31.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $3.5M | +37% |
| Q1 2026 | $4.0M | +129% |
| Q4 2025 | $3.8M | +95% |
| Q3 2025 | $3.1M | +72% |
| Q2 2025 | $2.6M | +38% |
| Q1 2025 | $1.8M | -42% |
| Q4 2024 | $2.0M | +13% |
From Motorsport Games' 10-Q filed Aug 14, 2026 (on EDGAR).
Questions
How does Motorsport Games make money?
Motorsport Games (MSGM) made $3.5M of revenue in the second quarter 2026 (Q2 2026), +37% from a year earlier. Gaming brought in $3.5M (99%); Esports brought in $36K (1%). Of every dollar of revenue, 82¢ was left as gross profit, 18¢ was left as operating profit, 11¢ was left as net earnings.
What is Motorsport Games' biggest business?
Gaming: $3.5M in the second quarter 2026, 99% of revenue, +35% from a year earlier.
What is Motorsport Games' profit margin?
Net earnings were $401K, 11.3% of revenue, in the second quarter 2026; the operating margin was 18.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.