| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 11.32 | 28.6% | 57.1% |
| Total Income | 11.32 | 28.6% | 57.1% |
| Expenditure | 13.71 | 33.4% | 58.2% |
| PBT | 5.95 | 198.5% | 179.8% |
| Net Profit | -0.81 | 73.2% | 85.2% |
| OPM | -21.15% | 8.62pp | 3.15pp |
| NPM | -7.14% | 11.90pp | 13.62pp |
| EPS | -0.01 | 87.5% | 94.4% |
GameSquare Holdings Reports Q3 2025 Results: Net Income $5.9M
04 May 2026 · 4 May, 7:16 am
Summary
GameSquare Holdings announced its financial results for the third quarter and nine months ended September 30, 2025. The company reported net income from continuing operations of $5.9 million for Q3 2025. Gross margin increased sequentially to 49.4%. Revenue for the quarter was $11.3 million, compared to $9.3 million in the same period last year. Management expects continued positive momentum in Q4 2025.
Key Highlights
- 1
GameSquare Holdings reported net income from continuing operations of $5.9 million in Q3 2025.
- 2
The company's gross margin increased 20.0% sequentially to 49.4% in the third quarter of 2025.
- 3
As of September 30, 2025, GameSquare's balance sheet reflected $81.5 million in DAT assets and cash, with no debt and shareholders’ equity of $78.7 million.
- 4
Third quarter revenue reached $11.3 million, compared to $9.3 million in the same period of 2024.
- 5
For the nine months ended September 30, 2025, revenue totaled $26.5 million, compared to $19.9 million in the prior year.
- 6
The company's net loss attributable to GameSquare was $0.8 million, compared to a net loss of $5.5 million for the three months ended September 30, 2024.
Management Comments
Justin Kenna
“2025 is a defining year for GameSquare and our third quarter results confirm that our strategy is working,” “We are sharper, stronger, and more focused than ever as the actions we have taken over the past year have improved profitability, strengthened our balance sheet and positioned us with a differentiated, end-to-end platform built for scale.” “GameSquare has never been in a stronger strategic, operational, or financial position. We have proactively streamlined our business, invested in high-growth areas, strengthened margins, and expanded our total addressable market. As we enter the next chapter of growth, we are doing so with momentum, a fortified balance sheet, and a scalable platform built to win in media, creators, gaming, and Web3. The progress we are making today sets the stage for durable growth, expanding profitability, and long-term value creation for our shareholders,”
Informational and educational content only. Not investment advice.