Symbols / MSGM $3.95 +0.77% Motorsport Games Inc.

Communication Services • Electronic Gaming & Multimedia • United States • NCM
MSGM Chart
About

Motorsport Games Inc. develops and publishes racing video games for personal computers in the United States. The company operates through Gaming and Esports segments. It provides rFactor 2, a realistic racing simulation game; KartKraft, a kart racing simulator; and Le Mans Ultimate, an official game of the FIA World Endurance Championship and 24 Hours of Le Mans. The company also organizes and facilitates esports tournaments, competitions, and events for its licensed racing games, as well as on behalf of third-party racing game developers and publishers. It offers its products for game consoles, personal computer, and mobile platforms through various retail and digital channels, including full-game and downloadable content. The company was founded in 2018 and is headquartered in Miramar, Florida. Motorsport Games Inc. operates as a subsidiary of Driven Lifestyle Group LLC.

Fundamentals
Scroll to Statements
Sector Communication Services Industry Electronic Gaming & Mult Market Cap 20.06M
Enterprise Value 15.74M Income 6.93M Sales 11.30M
Book/sh 1.33 Cash/sh 0.98 Dividend Yield —
Payout 0.00% Employees 26 IPO —
P/E 2.76 Forward P/E -2.26 PEG —
P/S 1.78 P/B 2.96 P/C —
EV/EBITDA 4.66 EV/Sales 1.39 Quick Ratio 2.15
Current Ratio 2.25 Debt/Eq 0.23 LT Debt/Eq —
EPS (ttm) 1.43 EPS next Y -1.75 EPS Growth —
Revenue Growth 94.90% Earnings 2026-05-07 ROA 22.27%
ROE 155.44% ROIC — Gross Margin 81.47%
Oper. Margin 48.73% Profit Margin 61.32% Shs Outstand 5.08M
Shs Float 2.57M Short Float 1.10% Short Ratio 0.17
Short Interest — 52W High 5.41 52W Low 0.73
Beta 1.79 Avg Volume 110.61K Volume 77.76K
Target Price — Recom None Prev Close $3.92
Price $3.95 Change 0.77%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$3.91
Latest analyst target
3. DCF / Fair value
$1.80
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.91
Low
—
High
—
Mean
—

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2024-07-11 main Canaccord Genuity Hold → Hold $5
2023-02-01 down Noble Capital Markets Outperform → Market Perform —
News
RSS: Latest MSGM news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-10 ZOI MICHAEL Beneficial Owner of more than 10% of a Class of Security — 31,131 $4.51 $140,401
2026-03-09 ZOI MICHAEL Beneficial Owner of more than 10% of a Class of Security — 144,844 $4.49 $665,139
2026-03-04 ZOI MICHAEL Beneficial Owner of more than 10% of a Class of Security — 58,710 $3.74 $231,681
2026-02-27 ZOI MICHAEL Beneficial Owner of more than 10% of a Class of Security — 24,024 $3.52 $86,951
2026-02-24 ZOI MICHAEL Beneficial Owner of more than 10% of a Class of Security — 62,828 $3.29 $224,334
2025-12-12 DELTA JOHN C Director — 5,000 $2.59 $13,020
2025-08-20 DELTA JOHN C Director — 7,000 $2.91 $20,426
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
11.30
+30.05%
8.69
+25.73%
6.91
-33.08%
10.32
Operating Revenue
11.30
+30.05%
8.69
+25.73%
6.91
-33.08%
10.32
Cost Of Revenue
2.09
-35.11%
3.23
-10.90%
3.62
-27.01%
4.96
Reconciled Cost Of Revenue
1.02
+20.50%
0.84
-55.62%
1.90
-42.62%
3.32
Gross Profit
9.20
+68.53%
5.46
+66.05%
3.29
-38.68%
5.36
Operating Expense
5.96
-43.06%
10.46
-33.19%
15.66
-49.12%
30.77
Research And Development
1.76
-47.90%
3.38
-53.32%
7.24
-30.53%
10.42
Selling General And Administration
5.76
-24.47%
7.62
-31.07%
11.06
-44.53%
19.94
Selling And Marketing Expense
0.62
-15.49%
0.74
-56.29%
1.69
-72.61%
6.17
General And Administrative Expense
5.13
-25.44%
6.88
-26.51%
9.37
-31.95%
13.76
Other Gand A
5.13
-25.44%
6.88
-26.51%
9.37
-31.95%
13.76
Other Operating Expenses
-1.61
-114.47%
-0.75
+75.31%
-3.04
—
Total Expenses
8.05
-41.18%
13.69
-29.01%
19.28
-46.06%
35.73
Operating Income
3.25
+165.00%
-5.00
+59.59%
-12.37
+51.33%
-25.41
Total Operating Income As Reported
3.25
+285.66%
-1.75
+89.31%
-16.37
+53.26%
-35.03
EBITDA
7.74
+2390.95%
-0.34
+97.05%
-11.43
+66.00%
-33.63
Normalized EBITDA
7.74
+315.86%
-3.59
+51.74%
-7.43
+69.06%
-24.01
Reconciled Depreciation
1.12
-56.66%
2.59
+22.41%
2.12
+2.56%
2.06
EBIT
6.62
+326.09%
-2.93
+78.40%
-13.55
+62.04%
-35.69
Total Unusual Items
0.00
-100.00%
3.25
+181.11%
-4.00
+58.36%
-9.62
Total Unusual Items Excluding Goodwill
0.00
-100.00%
3.25
+181.11%
-4.00
+58.36%
-9.62
Special Income Charges
0.00
-100.00%
3.25
+181.11%
-4.00
+58.36%
-9.62
Other Special Charges
—
-3.25
—
—
Impairment Of Capital Assets
—
0.00
-100.00%
4.00
-58.36%
9.62
Net Income
6.93
+351.66%
-2.75
+80.78%
-14.32
+60.20%
-35.99
Pretax Income
6.60
+316.52%
-3.05
+78.72%
-14.32
+61.12%
-36.84
Net Non Operating Interest Income Expense
-0.02
+84.44%
-0.12
+84.38%
-0.77
+32.68%
-1.15
Interest Expense Non Operating
0.02
-84.44%
0.12
-84.38%
0.77
-32.68%
1.15
Net Interest Income
-0.02
+84.44%
-0.12
+84.38%
-0.77
+32.68%
-1.15
Interest Expense
0.02
-84.44%
0.12
-84.38%
0.77
-32.68%
1.15
Other Income Expense
3.37
+62.74%
2.07
+275.02%
-1.18
+88.49%
-10.28
Other Non Operating Income Expenses
3.37
+386.18%
-1.18
-141.73%
2.82
+523.76%
-0.67
Tax Provision
-0.25
—
—
—
Tax Rate For Calcs
0.00
0.00
0.00
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
6.84
+324.56%
-3.05
+78.72%
-14.32
+61.12%
-36.84
Net Income From Continuing Operation Net Minority Interest
6.93
+351.66%
-2.75
+80.78%
-14.32
+60.20%
-35.99
Net Income From Continuing And Discontinued Operation
6.93
+351.66%
-2.75
+80.78%
-14.32
+60.20%
-35.99
Net Income Continuous Operations
6.84
+324.56%
-3.05
+78.72%
-14.32
+61.12%
-36.84
Minority Interests
0.08
-71.82%
0.30
0.00
-100.00%
0.85
Normalized Income
6.93
+215.45%
-6.00
+41.84%
-10.32
+60.88%
-26.37
Net Income Common Stockholders
6.93
+351.66%
-2.75
+80.78%
-14.32
+60.20%
-35.99
Diluted EPS
—
-0.94
+83.09%
-5.56
+81.91%
-30.73
Basic EPS
—
-0.94
+83.09%
-5.56
+81.91%
-30.73
Basic Average Shares
—
2.92
+13.37%
2.58
+120.05%
1.17
Diluted Average Shares
—
2.92
+13.37%
2.58
+120.05%
1.17
Diluted NI Availto Com Stockholders
6.93
+351.66%
-2.75
+80.78%
-14.32
+60.20%
-35.99
Depreciation Amortization Depletion Income Statement
0.05
-77.45%
0.21
-47.67%
0.40
-5.10%
0.42
Depreciation And Amortization In Income Statement
0.05
-77.45%
0.21
-47.67%
0.40
-5.10%
0.42
Earnings From Equity Interest
—
—
—
0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
11.97
+90.93%
6.27
-35.77%
9.76
-48.36%
18.90
Current Assets
7.59
+171.32%
2.80
-20.51%
3.52
-13.00%
4.04
Cash Cash Equivalents And Short Term Investments
4.99
+481.12%
0.86
-48.71%
1.68
+71.06%
0.98
Cash And Cash Equivalents
4.99
+481.12%
0.86
-48.71%
1.68
+71.06%
0.98
Receivables
2.24
+55.05%
1.45
+96.64%
0.74
-63.49%
2.02
Accounts Receivable
2.24
+55.05%
1.45
+96.64%
0.74
-59.33%
1.81
Gross Accounts Receivable
—
1.45
+22.02%
1.19
-70.80%
4.06
Allowance For Doubtful Accounts Receivable
—
0.00
+100.00%
-0.45
+80.02%
-2.25
Prepaid Assets
—
—
—
—
Other Current Assets
0.35
-28.50%
0.49
-55.71%
1.11
+5.58%
1.05
Total Non Current Assets
4.38
+26.18%
3.47
-44.37%
6.24
-57.99%
14.85
Net PPE
0.06
-47.80%
0.11
-76.08%
0.45
-70.22%
1.49
Gross PPE
0.99
+6.69%
0.93
-19.94%
1.16
-38.85%
1.90
Accumulated Depreciation
-0.94
-13.74%
-0.82
-15.02%
-0.71
-77.68%
-0.40
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
0.79
+10.42%
0.72
-10.78%
0.80
+3.02%
0.78
Other Properties
0.02
-55.47%
0.05
-74.15%
0.20
-79.70%
0.97
Leases
0.18
+9.76%
0.16
+0.98%
0.16
+9.73%
0.15
Goodwill And Other Intangible Assets
3.77
+12.07%
3.37
-41.94%
5.80
-56.62%
13.36
Goodwill
—
—
—
0.00
Other Intangible Assets
3.77
+12.07%
3.37
-41.94%
5.80
-56.62%
13.36
Non Current Deferred Assets
0.49
0.00
—
—
Non Current Deferred Taxes Assets
0.49
0.00
—
—
Other Non Current Assets
0.06
—
—
—
Total Liabilities Net Minority Interest
4.39
-13.00%
5.04
-34.25%
7.67
-54.87%
16.99
Current Liabilities
3.37
-32.98%
5.02
-33.86%
7.59
-43.01%
13.32
Payables And Accrued Expenses
2.21
-39.16%
3.64
+85.17%
1.97
-77.76%
8.84
Payables
1.04
-65.85%
3.06
+228.28%
0.93
-86.90%
7.11
Accounts Payable
0.92
-69.15%
2.98
+265.78%
0.81
-65.70%
2.37
Current Accrued Expenses
1.17
+100.89%
0.58
-43.68%
1.03
-40.18%
1.73
Total Tax Payable
0.12
+122.44%
0.06
+37.83%
0.04
-73.31%
0.15
Current Debt And Capital Lease Obligation
0.02
-43.49%
0.03
-79.68%
0.15
-59.79%
0.38
Current Debt
—
—
—
—
Current Capital Lease Obligation
0.02
-43.49%
0.03
-79.68%
0.15
-59.79%
0.38
Current Deferred Liabilities
1.13
+190.27%
0.39
+44.16%
0.27
-13.18%
0.31
Current Deferred Revenue
1.13
+190.27%
0.39
+44.16%
0.27
-13.18%
0.31
Other Current Liabilities
—
0.92
-80.28%
4.66
+73.21%
2.69
Total Non Current Liabilities Net Minority Interest
1.02
+4895.94%
0.02
-73.37%
0.08
-97.91%
3.67
Long Term Debt And Capital Lease Obligation
0.00
-100.00%
0.02
-64.28%
0.05
-92.60%
0.62
Long Term Capital Lease Obligation
0.00
-100.00%
0.02
-64.28%
0.05
-92.60%
0.62
Non Current Deferred Liabilities
0.22
0.00
—
—
Non Current Deferred Taxes Liabilities
0.22
0.00
—
—
Other Non Current Liabilities
0.80
+19235.95%
0.00
-86.73%
0.03
-98.98%
3.06
Stockholders Equity
6.78
+1265.35%
0.50
-52.12%
1.04
-32.42%
1.53
Common Stock Equity
6.78
+1265.35%
0.50
-52.12%
1.04
-32.42%
1.53
Capital Stock
0.00
+49.09%
0.00
+13.57%
0.00
+81.28%
0.00
Common Stock
0.00
+49.09%
0.00
+13.57%
0.00
+81.28%
0.00
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
5.08
+59.52%
3.18
+16.93%
2.72
+130.00%
1.18
Ordinary Shares Number
5.08
+59.52%
3.18
+16.93%
2.72
+130.00%
1.18
Additional Paid In Capital
95.21
+2.42%
92.96
+1.13%
91.92
+20.25%
76.45
Retained Earnings
-84.86
+7.55%
-91.79
-3.09%
-89.04
-20.35%
-73.98
Gains Losses Not Affecting Retained Earnings
-3.58
-430.31%
-0.67
+63.55%
-1.85
-98.22%
-0.93
Minority Interest
0.81
+10.39%
0.73
-30.72%
1.05
+184.91%
0.37
Other Equity Adjustments
-3.58
-430.31%
-0.67
+63.55%
-1.85
-98.22%
-0.93
Total Equity Gross Minority Interest
7.58
+518.37%
1.23
-41.33%
2.09
+9.79%
1.90
Total Capitalization
6.78
+1265.35%
0.50
-52.12%
1.04
-32.42%
1.53
Working Capital
4.22
+289.71%
-2.23
+45.38%
-4.07
+56.09%
-9.28
Invested Capital
6.78
+1265.35%
0.50
-52.12%
1.04
-32.42%
1.53
Total Debt
0.02
-62.93%
0.05
-76.14%
0.20
-80.09%
1.00
Capital Lease Obligations
0.02
-62.93%
0.05
-76.14%
0.20
-80.09%
1.00
Net Tangible Assets
3.00
+204.71%
-2.87
+39.72%
-4.76
+59.76%
-11.83
Tangible Book Value
3.00
+204.71%
-2.87
+39.72%
-4.76
+59.76%
-11.83
Current Notes Payable
—
—
—
—
Current Provisions
—
0.04
-92.35%
0.55
-50.37%
1.10
Duefrom Related Parties Current
—
—
0.00
-100.00%
0.21
Dueto Related Parties Current
0.00
-87.14%
0.03
-66.27%
0.08
-98.31%
4.59
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
4.07
+243.51%
-2.84
+79.21%
-13.65
+30.06%
-19.52
Cash Flow From Continuing Operating Activities
4.07
+243.51%
-2.84
+79.21%
-13.65
+30.06%
-19.52
Net Income From Continuing Operations
6.84
+324.56%
-3.05
+78.72%
-14.32
+61.12%
-36.84
Depreciation Amortization Depletion
1.12
-56.66%
2.59
+22.41%
2.12
+2.56%
2.06
Depreciation And Amortization
1.12
-56.66%
2.59
+22.41%
2.12
+2.56%
2.06
Other Non Cash Items
-0.14
+95.42%
-3.01
-312.08%
1.42
+2.81%
1.38
Stock Based Compensation
0.79
+416.05%
0.15
-84.02%
0.96
+33.98%
0.71
Provisionand Write Offof Assets
—
0.00
+100.00%
-0.03
-101.40%
1.82
Asset Impairment Charge
—
0.00
-100.00%
4.00
-58.36%
9.62
Deferred Tax
-0.27
0.00
—
—
Deferred Income Tax
-0.27
0.00
—
—
Operating Gains Losses
-3.33
-703.61%
0.55
+113.07%
-4.22
-3981.04%
0.11
Gain Loss On Investment Securities
0.00
+117.46%
-0.03
+93.97%
-0.45
—
Net Foreign Currency Exchange Gain Loss
-3.33
-351.54%
1.33
+280.20%
-0.74
—
Gain Loss On Sale Of PPE
0.00
+100.00%
-0.50
+83.63%
-3.04
-2893.27%
0.11
Change In Working Capital
-0.95
-1222.57%
-0.07
+98.00%
-3.58
-321.45%
1.62
Change In Receivables
-0.68
+5.85%
-0.72
-145.45%
1.58
+28.94%
1.23
Changes In Account Receivables
-0.68
+5.85%
-0.72
-152.26%
1.37
-23.98%
1.81
Change In Prepaid Assets
0.54
+222.43%
0.17
+382.32%
-0.06
-144.08%
0.13
Change In Payables And Accrued Expense
-1.46
-294.90%
0.75
+117.45%
-4.30
-757.08%
0.66
Change In Accrued Expense
0.66
+148.28%
-1.36
+35.08%
-2.10
-308.48%
-0.51
Change In Payable
-2.12
-200.35%
2.12
+196.02%
-2.20
-288.38%
1.17
Change In Account Payable
-2.10
-196.83%
2.17
+232.11%
-1.64
-412.34%
0.53
Change In Other Working Capital
0.69
+676.35%
-0.12
—
—
Change In Other Current Assets
—
—
—
0.00
Change In Other Current Liabilities
-0.03
+79.08%
-0.15
+81.07%
-0.80
-100.96%
-0.40
Investing Cash Flow
-1.12
-195.03%
1.18
-71.94%
4.21
+1539.87%
-0.29
Cash Flow From Continuing Investing Activities
-1.12
-195.03%
1.18
-71.94%
4.21
+1539.87%
-0.29
Net PPE Purchase And Sale
-0.01
+34.83%
-0.02
+41.51%
-0.03
+89.18%
-0.29
Purchase Of PPE
-0.01
+51.76%
-0.03
+20.97%
-0.03
+89.18%
-0.29
Sale Of PPE
0.00
-100.00%
0.01
0.00
—
Capital Expenditure
-1.12
-4388.58%
-0.03
+96.83%
-0.79
-169.85%
-0.29
Net Business Purchase And Sale
0.00
-100.00%
0.20
0.00
0.00
Purchase Of Business
—
—
—
0.00
Gain Loss On Sale Of Business
0.00
+100.00%
-0.25
0.00
—
Net Intangibles Purchase And Sale
-1.11
-211.08%
1.00
-76.43%
4.24
0.00
Purchase Of Intangibles
-1.11
0.00
+100.00%
-0.76
0.00
Financing Cash Flow
1.06
+27.49%
0.83
-91.61%
9.94
+480.15%
1.71
Cash Flow From Continuing Financing Activities
1.06
+27.49%
0.83
-91.61%
9.94
+480.15%
1.71
Net Issuance Payments Of Debt
-0.44
0.00
+100.00%
-0.26
+27.59%
-0.36
Repayment Of Debt
-0.44
0.00
+100.00%
-0.26
+27.59%
-0.36
Long Term Debt Payments
—
0.00
+100.00%
-0.26
+27.59%
-0.36
Net Long Term Debt Issuance
—
0.00
+100.00%
-0.26
+27.59%
-0.36
Short Term Debt Payments
-0.44
0.00
—
—
Net Short Term Debt Issuance
-0.44
0.00
—
—
Net Common Stock Issuance
2.35
+165.80%
0.88
-92.00%
11.05
+28462.10%
0.04
Net Other Financing Charges
-0.85
-1592.54%
-0.05
+94.12%
-0.85
-141.73%
2.04
Changes In Cash
4.01
+587.91%
-0.82
-265.84%
0.50
+102.74%
-18.10
Effect Of Exchange Rate Changes
0.12
+1706.42%
0.01
-96.66%
0.20
-84.13%
1.26
Beginning Cash Position
0.86
-48.71%
1.68
+71.06%
0.98
-94.50%
17.82
End Cash Position
4.99
+481.12%
0.86
-48.71%
1.68
+71.06%
0.98
Free Cash Flow
2.95
+203.04%
-2.86
+80.17%
-14.44
+27.11%
-19.81
Interest Paid Supplemental Data
0.01
-65.44%
0.03
-91.78%
0.42
+118.14%
0.19
Common Stock Issuance
2.35
+165.80%
0.88
-92.00%
11.05
+28462.10%
0.04
Earnings Losses From Equity Investments
—
—
—
0.00
Issuance Of Capital Stock
2.35
+165.80%
0.88
-92.00%
11.05
+28462.10%
0.04
Sale Of Business
0.00
-100.00%
0.20
0.00
0.00
Sale Of Intangibles
0.00
-100.00%
1.00
-80.00%
5.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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