Quarterly ResultJun 15, 2026, 05:06 PM
Allied Gaming & Entertainment Q1 Net Loss Widens to $5.24M
AI Summary
Allied Gaming & Entertainment Inc. (AGAE) filed its Q1 2026 10-Q report, revealing a wider net loss of $5.24 million ($0.83 per share) compared to $4.90 million ($0.67 per share) in Q1 2025. Total revenues saw a significant drop to $1.55 million from $2.28 million year-over-year, primarily driven by declines in in-person and casual mobile gaming revenues. The company's balance sheet also showed a decrease in total assets to $68.06 million and total liabilities to $35.21 million.
Key Highlights
- Allied Gaming & Entertainment Inc. reported a net loss of $5.24 million for Q1 2026, compared to a net loss of $4.90 million in Q1 2025.
- Net loss per common share was $0.83 for Q1 2026, a decrease from $0.67 in Q1 2025.
- Total revenues decreased to $1.55 million in Q1 2026 from $2.28 million in Q1 2025.
- In-person revenue declined to $1.05 million in Q1 2026 from $1.66 million in Q1 2025.
- Casual mobile gaming revenue decreased to $500,779 in Q1 2026 from $618,323 in Q1 2025.
- Total assets decreased to $68.06 million as of March 31, 2026, from $89.78 million as of December 31, 2025.
- Total liabilities decreased to $35.21 million as of March 31, 2026, from $52.13 million as of December 31, 2025.
Price Impact
More from AGAE