MSGM Chart
About

Motorsport Games Inc. develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers 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. It 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. The company 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 Miami, 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 16.02M
Enterprise Value 13.22M Income 3.45M Sales 9.42M
Book/sh 1.15 Cash/sh 0.81 Dividend Yield —
Payout 0.00% Employees 22 IPO —
P/E 7.51 Forward P/E -1.80 PEG —
P/S 1.70 P/B 2.74 P/C —
EV/EBITDA -34.48 EV/Sales 1.40 Quick Ratio 1.70
Current Ratio 1.92 Debt/Eq 0.38 LT Debt/Eq —
EPS (ttm) 0.42 EPS next Y -1.75 EPS Growth —
Revenue Growth 71.90% Earnings 2026-03-19 ROA 1.19%
ROE 70.27% ROIC — Gross Margin 72.53%
Oper. Margin 25.77% Profit Margin 36.60% Shs Outstand 5.08M
Shs Float 2.24M Short Float 3.29% Short Ratio 0.58
Short Interest — 52W High 5.41 52W Low 0.73
Beta 1.80 Avg Volume 91.35K Volume 16.70K
Target Price — Recom None Prev Close $3.23
Price $3.15 Change -2.32%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$3.21
Latest analyst target
3. DCF / Fair value
$-0.02
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.21
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 —
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 5000 13020 — Purchase at price 2.59 - 2.66 per share. DELTA JOHN C Director — 2025-12-12 00:00:00 D
1 7000 20426 — Purchase at price 2.91 - 2.93 per share. DELTA JOHN C Director — 2025-08-20 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.000.000.000.00
NormalizedEBITDA-3.59M-7.43M-24.01M-31.10M
TotalUnusualItems3.25M-4.00M-9.62M-317.11K
TotalUnusualItemsExcludingGoodwill3.25M-4.00M-9.62M-317.11K
NetIncomeFromContinuingOperationNetMinorityInterest-2.75M-14.32M-35.99M-33.16M
ReconciledDepreciation2.59M2.12M2.06M1.79M
ReconciledCostOfRevenue844.97K1.90M3.32M6.02M
EBITDA-337.88K-11.43M-33.63M-31.42M
EBIT-2.93M-13.55M-35.69M-33.20M
NetInterestIncome-120.76K-772.99K-1.15M-504.16K
InterestExpense120.76K772.99K1.15M504.16K
NormalizedIncome-6.00M-10.32M-26.37M-32.84M
NetIncomeFromContinuingAndDiscontinuedOperation-2.75M-14.32M-35.99M-33.16M
TotalExpenses13.69M19.28M35.73M49.29M
TotalOperatingIncomeAsReported-1.75M-16.37M-35.03M-34.53M
DilutedAverageShares2.92M2.58M1.17M1.14M
BasicAverageShares2.92M2.58M1.17M1.14M
DilutedEPS-0.94-5.56-30.73-29.10
BasicEPS-0.94-5.56-30.73-29.10
DilutedNIAvailtoComStockholders-2.75M-14.32M-35.99M-33.16M
NetIncomeCommonStockholders-2.75M-14.32M-35.99M-33.16M
NetIncome-2.75M-14.32M-35.99M-33.16M
MinorityInterests295.12K0.00849.65K542.75K
NetIncomeIncludingNoncontrollingInterests-3.05M-14.32M-36.84M-33.70M
NetIncomeContinuousOperations-3.05M-14.32M-36.84M-33.70M
PretaxIncome-3.05M-14.32M-36.84M-33.70M
OtherIncomeExpense2.07M-1.18M-10.28M1.01M
OtherNonOperatingIncomeExpenses-1.18M2.82M-665.85K-44.77K
SpecialIncomeCharges3.25M-4.00M-9.62M-317.11K
OtherSpecialCharges-3.25M
ImpairmentOfCapitalAssets0.004.00M9.62M317.11K
EarningsFromEquityInterest0.001.37M
NetNonOperatingInterestIncomeExpense-120.76K-772.99K-1.15M-504.16K
InterestExpenseNonOperating120.76K772.99K1.15M504.16K
OperatingIncome-5.00M-12.37M-25.41M-34.21M
OperatingExpense10.46M15.66M30.77M41.76M
OtherOperatingExpenses-750.00K-3.04M
DepreciationAmortizationDepletionIncomeStatement208.65K398.70K420.14K280.19K
DepreciationAndAmortizationInIncomeStatement208.65K398.70K420.14K280.19K
ResearchAndDevelopment3.38M7.24M10.42M9.62M
SellingGeneralAndAdministration7.62M11.06M19.94M31.85M
SellingAndMarketingExpense739.10K1.69M6.17M6.48M
GeneralAndAdministrativeExpense6.88M9.37M13.76M25.38M
OtherGandA6.88M9.37M13.76M25.38M
GrossProfit5.46M3.29M5.36M7.55M
CostOfRevenue3.23M3.62M4.96M7.53M
TotalRevenue8.69M6.91M10.32M15.08M
OperatingRevenue8.69M6.91M10.32M15.08M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber3.18M2.72M1.18M1.16M
ShareIssued3.18M2.72M1.18M1.16M
TotalDebt47.41K198.67K997.83K0.00
TangibleBookValue-2.87M-4.76M-11.83M11.37M
InvestedCapital496.26K1.04M1.53M36.72M
WorkingCapital-2.23M-4.07M-9.28M15.50M
NetTangibleAssets-2.87M-4.76M-11.83M11.37M
CapitalLeaseObligations47.41K198.67K997.83K0.00
CommonStockEquity496.26K1.04M1.53M36.72M
TotalCapitalization496.26K1.04M1.53M36.72M
TotalEquityGrossMinorityInterest1.23M2.09M1.90M37.98M
MinorityInterest729.74K1.05M369.69K1.26M
StockholdersEquity496.26K1.04M1.53M36.72M
GainsLossesNotAffectingRetainedEarnings-674.43K-1.85M-933.41K-945.38K
OtherEquityAdjustments-674.43K-1.85M-933.41K
RetainedEarnings-91.79M-89.04M-73.98M-37.99M
AdditionalPaidInCapital92.96M91.92M76.45M75.65M
CapitalStock385.00339.00187.00186.00
CommonStock385.00339.00187.00186.00
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest5.04M7.67M16.99M12.72M
TotalNonCurrentLiabilitiesNetMinorityInterest20.44K76.76K3.67M3.60M
OtherNonCurrentLiabilities4.13K31.10K3.06M3.60M
LongTermDebtAndCapitalLeaseObligation16.31K45.66K617.29K0.00
LongTermCapitalLeaseObligation16.31K45.66K617.29K0.00
CurrentLiabilities5.02M7.59M13.32M9.12M
OtherCurrentLiabilities918.20K4.66M2.69M3.34M
CurrentDeferredLiabilities390.46K270.85K311.94K523.80K
CurrentDeferredRevenue390.46K270.85K311.94K523.80K
CurrentDebtAndCapitalLeaseObligation31.10K153.01K380.54K119.02K
CurrentCapitalLeaseObligation31.10K153.01K380.54K0.00
CurrentDebt119.02K
CurrentNotesPayable119.02K
CurrentProvisions41.76K545.92K1.10M
PayablesAndAccruedExpenses3.64M1.97M8.84M5.26M
CurrentAccruedExpenses582.71K1.03M1.73M3.32M
Payables3.06M931.38K7.11M1.94M
DuetoRelatedPartiesCurrent26.21K77.72K4.59M119.02K
TotalTaxPayable55.13K40.00K149.84K31.49K
AccountsPayable2.98M813.66K2.37M1.78M
TotalAssets6.27M9.76M18.90M50.70M
TotalNonCurrentAssets3.47M6.24M14.85M26.08M
NonCurrentDeferredAssets0.00
GoodwillAndOtherIntangibleAssets3.37M5.80M13.36M25.35M
OtherIntangibleAssets3.37M5.80M13.36M20.49M
Goodwill0.004.87M
NetPPE106.44K445.00K1.49M727.09K
AccumulatedDepreciation-822.12K-714.77K-402.27K-280.95K
GrossPPE928.56K1.16M1.90M1.01M
Leases162.18K160.61K146.37K127.52K
OtherProperties51.00K197.31K971.79K
MachineryFurnitureEquipment715.38K801.85K778.34K880.51K
Properties0.000.000.000.00
CurrentAssets2.80M3.52M4.04M24.62M
OtherCurrentAssets490.22K1.11M1.05M1.18M
PrepaidAssets1.18M
Receivables1.45M735.84K2.02M5.63M
DuefromRelatedPartiesCurrent0.00206.53K137.57K
AccountsReceivable1.45M735.84K1.81M5.49M
AllowanceForDoubtfulAccountsReceivable0.00-450.00K-2.25M-4.56M
GrossAccountsReceivable1.45M1.19M4.06M10.05M
CashCashEquivalentsAndShortTermInvestments859.27K1.68M979.31K17.82M
CashAndCashEquivalents859.27K1.68M979.31K17.82M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-2.86M-14.44M-19.81M-21.70M
RepaymentOfDebt0.00-262.50K-362.50K-227.93K
IssuanceOfCapitalStock884.05K11.05M38.69K63.66M
CapitalExpenditure-25.02K-789.15K-292.45K-754.30K
InterestPaidSupplementalData34.10K415.05K190.27K804.67K
EndCashPosition859.27K1.68M979.31K17.82M
BeginningCashPosition1.68M979.31K17.82M3.99M
EffectOfExchangeRateChanges6.67K199.88K1.26M-102.02K
ChangesInCash-822.61K496.02K-18.10M13.93M
FinancingCashFlow834.05K9.94M1.71M49.26M
CashFlowFromContinuingFinancingActivities834.05K9.94M1.71M49.26M
NetOtherFinancingCharges-50.00K-850.00K2.04M-14.17M
NetCommonStockIssuance884.05K11.05M38.69K63.66M
CommonStockIssuance884.05K11.05M38.69K63.66M
NetIssuancePaymentsOfDebt0.00-262.50K-362.50K-227.93K
NetLongTermDebtIssuance0.00-262.50K-362.50K-227.93K
LongTermDebtPayments0.00-262.50K-362.50K-227.93K
InvestingCashFlow1.18M4.21M-292.45K-14.39M
CashFlowFromContinuingInvestingActivities1.18M4.21M-292.45K-14.39M
NetBusinessPurchaseAndSale200.00K0.000.00-13.63M
SaleOfBusiness200.00K0.000.00153.25K
PurchaseOfBusiness0.00-13.79M
NetIntangiblesPurchaseAndSale1.00M4.24M0.00-227.93K
SaleOfIntangibles1.00M5.00M0.00
PurchaseOfIntangibles0.00-757.50K0.00-227.93K
NetPPEPurchaseAndSale-18.52K-31.65K-292.45K-754.30K
SaleOfPPE6.50K0.00
PurchaseOfPPE-25.02K-31.65K-292.45K-754.30K
OperatingCashFlow-2.84M-13.65M-19.52M-20.94M
CashFlowFromContinuingOperatingActivities-2.84M-13.65M-19.52M-20.94M
ChangeInWorkingCapital-71.49K-3.58M1.62M-2.01M
ChangeInOtherCurrentLiabilities-151.27K-799.15K-397.67K0.00
ChangeInOtherCurrentAssets0.0025.00K
ChangeInPayablesAndAccruedExpense631.61K-4.30M655.10K1.99M
ChangeInAccruedExpense-1.48M-2.10M-514.44K1.05M
ChangeInPayable2.12M-2.20M1.17M944.53K
ChangeInAccountPayable2.17M-1.64M525.29K944.53K
ChangeInPrepaidAssets166.63K-59.02K133.89K-768.80K
ChangeInReceivables-718.46K1.58M1.23M-3.25M
ChangesInAccountReceivables-718.46K1.37M1.81M-3.25M
OtherNonCashItems-3.01M1.42M1.38M375.50K
StockBasedCompensation152.96K957.30K714.52K9.73M
ProvisionandWriteOffofAssets0.00-25.43K1.82M3.93M
AssetImpairmentCharge0.004.00M9.62M317.11K
DepreciationAmortizationDepletion2.59M2.12M2.06M1.79M
DepreciationAndAmortization2.59M2.12M2.06M1.79M
OperatingGainsLosses551.65K-4.22M108.72K-1.37M
EarningsLossesFromEquityInvestments0.00-1.37M
GainLossOnInvestmentSecurities-26.97K-446.90K
NetForeignCurrencyExchangeGainLoss1.33M-735.68K
GainLossOnSaleOfPPE-497.05K-3.04M108.72K0.00
GainLossOnSaleOfBusiness-250.00K0.00
NetIncomeFromContinuingOperations-3.05M-14.32M-36.84M-33.70M
SEC Filings

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

Public Trades for MSGM
Date User Asset Broker Type Position Size Entry Price Patterns