Quarterly ResultMay 13, 2026, 04:18 PM
Motorsport Games Q1 Revenue +129%; EPS $0.06; Repurchases Shares
AI Summary
Motorsport Games Inc. reported a significant increase in revenues for the three months ended March 31, 2026, reaching $4.03 million, a 129% rise from the prior year. Despite this strong top-line growth, net income attributable to the company decreased to $0.32 million, resulting in basic EPS of $0.06. The company also repurchased $3.7 million of its shares in April 2026 and secured a new $3.0 million revolving line of credit with Citibank, which had its maturity extended to February 2028. Cash flows from operations saw a substantial increase to $1.65 million.
Key Highlights
- Revenue increased 129% to $4.03 million for the three months ended March 31, 2026.
- Gross profit rose to $3.51 million in Q1 2026 from $1.29 million in Q1 2025.
- Net income attributable to Motorsport Games Inc. was $0.32 million for Q1 2026.
- Basic EPS was $0.06 for the three months ended March 31, 2026.
- Cash flows from operating activities significantly increased to $1.65 million.
- Repurchased $3.7 million of shares from Driven Lifestyle Group LLC in April 2026.
- Secured a new $3.0 million revolving line of credit with Citibank in February 2026.
- Citibank business loan maturity extended to February 20, 2028 in May 2026.
Price Impact
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