Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $11.9M | $19.0M | $15.1M | $10.3M | $6.91M | $8.69M | $11.3M |
| Revenue growth | — | 60.7% | -20.8% | -31.5% | -33.1% | 25.7% | 30.0% |
| Gross profit | $6.96M | $12.4M | $7.55M | $5.36M | $3.29M | $5.46M | $9.20M |
| Gross margin | 58.7% | 65.4% | 50.1% | 52.0% | 47.6% | 62.9% | 81.5% |
| Operating income | -$5.18M | $1.15K | -$34.5M | -$35.0M | -$16.4M | -$1.75M | $3.25M |
| Operating margin | -43.7% | 0.0% | -229.0% | -339.3% | -236.9% | -20.1% | 28.8% |
| Net income | -$3.56M | -$1.76M | -$33.2M | -$36.0M | -$14.3M | -$2.75M | $6.93M |
| Net margin | -30.1% | -9.2% | -220.0% | -348.6% | -207.3% | -31.7% | 61.3% |
| EPS (diluted) | — | — | -$2.91 | $30.73 | -$5.56 | -$0.94 | $1.43 |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$4.42M | $4.05M | -$20.9M | -$19.5M | -$13.7M | -$2.84M | $4.07M |
| Capital expenditures | $108K | $137K | $754K | $292K | $31.7K | $25.0K | $12.1K |
| Free cash flow | -$4.53M | $3.92M | -$21.7M | -$19.8M | -$13.7M | -$2.86M | $4.06M |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.96M | $3.99M | $17.8M | $979K | $1.68M | $859K | $4.99M |
| Total assets | $12.8M | $17.4M | $50.7M | $18.9M | $9.76M | $6.27M | $12.0M |
| Total liabilities | $9.17M | $15.8M | $12.7M | $17.0M | $7.67M | $5.04M | $4.39M |
| Shareholders' equity | $3.61M | -$1.03M | $36.7M | $1.53M | $1.04M | $496K | $6.78M |
| Retained earnings | — | -$4.83M | -$38.0M | -$74.0M | -$89.0M | -$91.8M | -$84.9M |
| Shares (wtd avg diluted) | — | — | — | 1.17M | 2.58M | 2.92M | 4.84M |
Every figure is extracted from Motorsport Games Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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