Motorsport Games Inc.

Listed Company

MSGMCIK 0001821175NasdaqEmerging GrowthServices-Prepackaged SoftwareFloridaFY ends Dec 31

Period

FY 2025

Revenue

$11.30M

Net Income

$6.93M

Total Assets

$11.97M

Equity

$6.78M

Shares Out

—

Op. Cash Flow

$4.10M

MSGM$4.43+27.52% · past yearDBEQ Basic

Daily closing prices

Business

Motorsport Games Inc. is a racing game developer and publisher that creates official motorsport video games and operates an esports ecosystem. The company develops and publishes PC racing games including Le Mans Ultimate (the official game of the FIA World Endurance Championship and 24 Hours of Le Mans), rFactor 2 racing simulator, and KartKraft karting simulation, distributed through digital channels including Steam. The company operates through game product sales, downloadable content, and subscription services, while also organizing esports events and competitions for racing series.

Summary from 10-K filed 2026-03-10

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	11	9	7	10	15
Cost of revenues	2	3	4	5	8
Gross profit	9	5	3	5	8
Sales and marketing	624,623	739,098	2	6	6
Development	2	3	7	10	10
General and administrative	5	7	9	14	25
Depreciation and amortization	47,045	208,652	398,701	420,137	280,192
Total operating expenses	8	11	23	40	42
Gain from settlement of license liabilities	—	3	—	—	—
Other operating income	2	750,000	3	—	—
Income (loss) from operations	3	−2	−16	−35	−35
Interest expense, net	−18,786	−120,757	−772,989	−1	−504,156
Other income (expense), net	3	−1	3	−665,846	−44,768
Income (loss) before provision for income taxes	7	−3	—	—	—
Provision for income taxes	−245,258	—	—	—	—
Net income (loss)	7	−3	−14	−37	−34
Less: Net loss attributable to non-controlling interest	−83,170	−295,115	—	−849,649	−542,754
Net income (loss) attributable to Motorsport Games Inc.	7	−3	−14	−36	288,000
Basic (per share)	1.43	−0.94	−5.56	30.73	−29.15
Diluted (per share)	1.43	−0.94	−5.56	30.73	—
Basic (shares)	5	3	3	1	—
Diluted (shares)	5	3	3	1	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	5	859,271	2	979,306	18
Accounts receivable, net	2	1	735,839	2	5
Prepaid expenses and other current assets	350,487	490,221	1	1	1
Total Current Assets	8	3	4	4	25
Property and equipment, net	32,853	55,437	247,693	522,433	727,089
Operating lease right of use assets	22,710	51,004	197,307	971,789	—
Deferred tax asset	492,934	—	—	—	—
Other non-current assets	60,530	—	—	—	—
Intangible assets, net	4	3	6	13	20
Total Assets	12	6	10	19	51
Accounts payable	918,280	3	813,659	2	2
Accrued expenses and other current liabilities	1	679,600	2	3	4
Deferred revenue	1	390,463	—	—	—
Purchase commitments	—	918,198	5	3	—
Operating lease liabilities (current)	17,575	31,099	153,015	380,538	—
Total Current Liabilities	3	5	8	13	9
Operating lease liabilities (non-current)	—	16,309	45,659	617,288	—
Deferred tax liability	222,833	—	—	—	—
Other non-current liabilities	798,188	4,128	31,098	3	4
Total Liabilities	4	5	8	17	13
Commitments and contingencies (Note 11)	—	—	—	—	—
Preferred stock, $0.0001 par value; authorized 1,000,000 shares; none issued and outstanding as of December 31, 2025 and 2024	—	—	—	—	—
Additional paid-in capital	95	93	92	76	76
Accumulated deficit	−85	−92	−89	−74	−38
Accumulated other comprehensive loss	−4	−674,434	−2	−933,406	−945,375
Total Stockholders Equity Attributable to Motorsport Games Inc.	7	496,258	1	2	37
Non-controlling interest	805,549	729,744	1	369,687	1
Total Stockholders Equity	8	1	2	2	38
Total Liabilities and Stockholders Equity	12	6	10	19	51

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Gain on sale of Traxion	—	−250,000	—	—	—
Gain from settlement of purchase commitment liabilities	−175,460	—	—	—	—
Loss on disposal of property and equipment	—	2,946	—	108,716	—
Deferred income taxes	−270,101	—	—	—	—
Gain on sale of NASCAR License	—	−500,000	—	—	—
(Gain) loss on foreign currency exchange rates	−3	1	−735,679	—	—
Depreciation and amortization	1	3	2	2	2
Purchase commitment and license liability interest accretion	7,262	86,660	646,022	957,938	375,495
Non-cash lease expense	30,317	148,713	774,482	423,683	—
Stock-based compensation	789,352	152,959	957,302	714,523	—
Changes in the fair value of warrants	4,708	−26,970	−446,902	—	—
Accounts receivable	−676,422	−718,463	1	2	−3
Operating lease liabilities	−31,639	−151,266	−799,146	−397,671	—
Prepaid expenses and other assets	537,255	166,627	−59,021	133,890	−768,801
Accounts payable	−2	2	−2	525,292	944,527
Due to related parties	−24,088	−52,041	−562,481	644,247	—
Deferred revenue	689,424	−119,618	—	—	—
Accrued expenses and other liabilities	658,646	−1	−2	−514,438	1
Net cash provided by (used) in operating activities	4	−3	−14	−20	−21
Proceeds from sale of NASCAR License	—	1	—	—	—
Investment in internally-developed software	−1	—	—	—	—
Proceeds from the sale of property and equipment	—	6,500	—	—	—
Proceeds from the sale of Traxion	—	200,000	—	—	—
Purchase of property and equipment	−12,067	−25,015	−31,653	−292,446	−754,302
Net cash (used in) provided by investing activities	−1	1	4	−292,446	−14
Repayments of purchase commitment liabilities	−750,000	−50,000	−850,000	−2	—
Equity issuance costs	−96,268	—	—	—	—
Payments on notes payable	−440,171	—	—	—	—
Issuance of common stock from registered direct offerings, net	2	884,051	644,750	38,686	64
Net cash provided by financing activities	1	834,051	10	2	49
Effect of exchange rate changes on cash and cash equivalents	120,506	6,671	199,884	1	−102,020
Net increase (decrease) in cash and cash equivalents	4	−815,939	700,000	−17	14
Interest	11,785	34,097	415,046	190,266	804,674
Taxes	3,702	—	—	—	—
Issuance of note payable for payment of prepaid expenses	489,329	—	—	—	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro

Frequently asked questions

What is Motorsport Games Inc.'s CIK number?

Motorsport Games Inc.'s SEC CIK number is 0001821175 (1821175). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Motorsport Games Inc.'s SEC filings?

All of Motorsport Games Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Motorsport Games Inc. last report earnings?

Motorsport Games Inc. (MSGM) most recently filed an earnings 8-K with the SEC on May 13, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-022723). This is Motorsport Games Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Motorsport Games Inc.'s most recent earnings 8-K?

Motorsport Games Inc.'s latest earnings 8-K (Item 2.02) was filed May 13, 2026 under accession 0001493152-26-022723. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Motorsport Games Inc.'s latest earnings 8-K →
Look up any company's CIK number →