Motorsport Games Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $11.3M | $8.7M | $6.9M | $10.3M | $741.0K | $19.0M | $11.9M |
| Cost of Revenue | $2.1M | $3.2M | $3.6M | $5.0M | $7.5M | $6.6M | $4.9M |
| Gross Profit | $9.2M | $5.5M | $3.3M | $5.4M | $7.5M | $12.4M | $7.0M |
| Gross Margin | 81.5% | 62.9% | 47.6% | 52.0% | 1,018.4% | 65.4% | 58.7% |
| Operating Expenses | |||||||
| Research & Development | $1.8M | $3.4M | $7.2M | $10.4M | $9.6M | $4.6M | $4.8M |
| SG&A Expense | $5.1M | $6.9M | $9.4M | $13.8M | $25.4M | $4.3M | $2.6M |
| Operating Income | $3.2M | $-1.7M | $-16.4M | $-35.0M | $-34.5M | $1.1K | $-5.2M |
| Operating Margin | 28.8% | -20.1% | -236.9% | -339.3% | -4,659.5% | 0.0% | -43.7% |
| Interest Expense | $18.8K | $120.8K | $773.0K | $1.1M | $504.2K | $717.5K | — |
| Pretax Income | $6.6M | $-3.0M | — | — | — | — | — |
| Income Tax Expense | $-245.3K | — | — | — | — | — | — |
| Net Income | $6.9M | $-2.8M | $-14.3M | $-36.0M | $288.0K | $-1.8M | $-3.6M |
| Net Margin | 61.3% | -31.7% | -207.3% | -348.6% | 38.9% | -9.2% | -30.1% |
| EPS (Basic) | $1.43 | $-0.94 | $-5.56 | $15.37 | $-14.58 | — | — |
| EPS (Diluted) | $1.43 | $-0.94 | $-5.56 | $15.37 | $-1.46 | — | — |
| Shares Outstanding (Basic) | 4.8M | 2.9M | 2.6M | 2.3M | — | — | — |
| Shares Outstanding (Diluted) | 4.8M | 2.9M | 2.6M | 2.3M | — | — | — |
| Dividends Per Share | — | — | — | — | — | — | — |