Company Analysis

Motorsport Games Inc. (MSGM)

Nasdaq: MSGM · Services-Prepackaged Software · Miramar, FL · filing with the SEC since 2020
Grade4.8
◀ Past 1.4● Present 5.0▶ Future 6.7
1 est.

The grade of Motorsport Games Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.8/10
◀ Past1.425% of the headline
● Present5.035% of the headline
▶ Future6.740% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

1.4/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
1.1/10

Has it survived what it has been through?

14 warning events since 2020; the latest 2025-04-17.

weight 22% of this tense · 11th percentile among 230 sector filers · read for itself

From the record

Motorsport Games Inc.'s filings since 2020 show 14 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, 10 times, the latest 2025-04-17); an auditor change (8-K item 4.01, 2 times, the latest 2024-12-06); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2023-08-14) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
1.9/10

What has it actually done, year after year?

-0.8% a year over 7 filed years; profitable in 1 of 7.

weight 45% of this tense · 18th percentile among 213 sector filers · read for its customers

From the record

Motorsport Games Inc.'s 7 filed years say what it did: revenue went from $12 million in fiscal 2019 to $11 million in fiscal 2025, down 0.8% a year; it rose in 3 of 6 years; the deepest fall was 64% from fiscal 2020 to fiscal 2023; net income was positive in 1 of 7 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-0.8%bottom 12% of its family
  • the share of years revenue rosebottom 14% of its family
  • the share of filed years with a profitbottom 40% of its family
  • the deepest fall from a revenue peak63.7%bottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
0.9/10

How has it treated the people who own it?

SI estimate 0.9/10, confidence 35 of 100 (one part).

weight 33% of this tense · 9th percentile among 216 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 9% of 216 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 216 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Motorsport Games Inc.'s shareholder treatment is put at 0.9 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 9% of 216 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

5.0/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
6.6/10

Is it financially healthy right now?

ROE 91%: 91¢ of profit per shareholder dollar. Leverage 37%: owes 37¢ per asset dollar.

weight 45% of this tense · 66th percentile among 217 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Motorsport Games Inc. earned about 91 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 77 cents per dollar of everything the company owns. Leverage: it owed about 37 cents per dollar of assets, and net share issuance: its share count grew 65.7% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 38% of its family
  • return on equitytop 2% of its family
  • gross profit against assetstop 7% of its family
  • the share count against the year beforebottom 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.6/10

How strong is its position in its industry?

bottom 46% of 218 in its family; net margin 61.3%.

weight 33% of this tense · 46th percentile among 218 sector filers · read for its customers

From the record

Motorsport Games Inc.'s standing among 218 graded names in its industry family: revenue of $11 million in fiscal 2025 ranks in the bottom 14% by size; a net margin of 61.3% ranks in the top 3%; revenue growth of 3% a year over the last 3 filed years ranks in the bottom 27% (its annual reports).

What it rests on

  • revenue against the family$11.3Mbottom 14% of its family
  • net margin61.3%top 3% of its family
  • three-year revenue growth3.0%bottom 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
2.4/10

What are the people in charge doing?

bottom 24% of 139 in its family for leadership; chief executive since 2023.

weight 22% of this tense · 24th percentile among 139 sector filers · read for its shareholders

From the record

Motorsport Games Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Hood, Stephen (Chief Executive Officer, as filed), filing under that title since 2023-12-08, 2.9 years (bottom 40% of its family); the 7 officers and directors filing in the last fifteen months have been on the record a median of 3.8 years (bottom 25%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 7 people in charge now (bottom 6%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge9 in three years among 7 peoplebottom 6% of its family
  • the median years the people in charge have filed3.8 yearsbottom 25% of its family
  • the chief executive's years on the record2.9 yearsbottom 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.7/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
7.4/10

How much room does it have to grow?

top 26% of 216 in its family for room to expand.

weight 22% of this tense · 74th percentile among 216 sector filers · read for itself

From the record

Motorsport Games Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $5 million against no long-term debt tagged leaves 41.7% of its assets as net cash, top 13% of its family; cash from operations less capital spending is 35.9% of revenue (top 7%); a gross margin of 81.5% (top 17%); research spending of 15.6% of revenue (bottom 32%) (its annual report).

What it rests on

  • cash less debt against assets41.7%top 13% of its family
  • cash from operations less capital spending against revenue35.9%top 7% of its family
  • gross margin81.5%top 17% of its family
  • research spending against revenue15.6%bottom 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.6/10

What could actually drive growth from here?

bottom 46% of 213 in its family for growth drivers.

weight 45% of this tense · 46th percentile among 213 sector filers · read for its customers

From the record

Motorsport Games Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 3% a year over the last three filed years against -0.8% over all 7, speeding up (top 8% of its family); the newest year grew 30.1% (top 15%); research spending grew -44.7% a year (bottom 4%); capital spending grew -65.4% a year (bottom 4%) (its annual reports). Motorsport Games Inc. reported 5 product lines in fiscal 2025: Ingame Revenues at $5 million (44%), Digital Game Sales at $4 million (40%), Subscription and Circulation at $1 million (10%), and 2 more; 3 of 5 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+3.8 points a yeartop 8% of its family
  • the newest year's revenue growth30.1%top 15% of its family
  • three-year growth of research spending-44.7%bottom 4% of its family
  • three-year growth of capital spending-65.4%bottom 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
9.1/10

Did its newest year beat what its own record pointed to?

top 9% of 194 in its family for expectations against reality.

weight 33% of this tense · 91st percentile among 194 sector filers · read for its shareholders

From the record

Motorsport Games Inc.'s newest year against its own record: revenue of $11 million in fiscal 2025 came in 41.8% above the $8 million its prior three years' pace pointed to (top 9% of its family); net income of $7 million against a prior three-year average of $18 million (top 15%); a net margin of 61.3% against losses larger than its revenue before (top 4%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace41.8%top 9% of its family
  • net income against the prior three years' average+139%top 15% of its family
  • net margin against its prior averageup more than 100 pointstop 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton MSGM · research, not advice