Quarterly ResultAug 12, 2026, 04:11 PM
GameSquare Q2 Revenue Up 137% to $18.5M; Adjusted EBITDA $1.0M
AI Summary
GameSquare Holdings reported strong second-quarter 2026 financial results, with revenue surging 137% year-over-year to $18.5 million and gross margin expanding significantly to 49.0%. The company achieved a record second-quarter Adjusted EBITDA of $1.0 million, demonstrating improved operating leverage and contributions from recent acquisitions. Despite operational strength, GameSquare posted a net loss of $10.6 million, primarily due to a $7.8 million change in fair value loss on digital assets. The company also continued its share repurchase program and reiterated its full-year 2026 proforma guidance for revenue and Adjusted EBITDA.
Key Highlights
- Q2 2026 Revenue increased 137% year-over-year to $18.5 million.
- Q2 2026 Gross margin expanded to 49.0%, a 19.6 percentage point increase YoY.
- Q2 2026 Adjusted EBITDA reached a record $1.0 million, compared to a $3.2 million loss YoY.
- Net loss for Q2 2026 was $10.6 million, including $7.8 million in digital asset losses.
- Company repurchased 2.8 million shares for $1.2 million in Q2, and 1.0 million shares for $0.4 million in July.
- Reiterated 2026 proforma revenue guidance of $85 million to $90 million.
- Reiterated 2026 proforma Adjusted EBITDA guidance of over $5 million.
- Held 15,080.51 ETH and $25.9 million in ETH, Altcoin investments, and cash.
Price Impact
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