| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 3.10 | 19.7% | 72.2% |
| Total Income | 3.10 | 19.7% | 72.2% |
| Expenditure | 2.30 | 271.0% | 38.3% |
| PBT | — | ||
| Net Profit | 0.79 | 81.5% | 7800.0% |
| OPM | 25.77% | 50.16pp | |
| NPM | 25.46% | 74.54pp | 24.92pp |
| EPS | 0.14 | 82.9% |
Motorsport Games Reports Q3 2025 Financial Results
04 May 2026 · 4 May, 7:53 am
Summary
Motorsport Games Inc. reported a strong Q3 2025 with revenues increasing by 71.9% to $3.1 million compared to the same period last year. The company achieved net income of $0.8 million, a significant turnaround from a net loss of $0.6 million in Q3 2024. Adjusted EBITDA also showed substantial improvement, reaching $1.1 million. The increase in revenue was primarily driven by the Le Mans Ultimate title, alongside improved profitability. The company is now planning a console port of Le Mans Ultimate, estimated for delivery between late 2026 and early 2027.
Key Highlights
- 1
Motorsport Games reported revenues of $3.1 million for Q3 2025, compared to $1.8 million in Q3 2024, representing an increase of 71.9%.
- 2
The company achieved net income attributable to Class A common stock of $0.14 per share in Q3 2025, a significant improvement from a net loss per share of $0.18 in Q3 2024.
- 3
Gross profit margin increased to 80.7% from 60.2% in the same period last year.
- 4
Net income for the third quarter of 2025 was $0.8 million, compared to a net loss of $0.6 million for the same period in the prior year.
- 5
Adjusted EBITDA for the third quarter of 2025 was $1.1 million, compared to $0.1 million for the same period in the prior year.
- 6
The company generated cash from operations of $2.3 million during the nine months ended September 30, 2025.
- 7
Cash and cash equivalents increased to $4.5 million as of October 31, 2025, up from approximately $4.1 million as of September 30, 2025.
Management Comments
Stephen Hood
We are very pleased to once again generate net income for the Company this quarter. We believe this sustained increased revenue, primarily driven by our Le Mans Ultimate title, alongside improved profitability showcases our markedly improved operational efficiency and that our products are showcasing market fit. Q3 2025 player engagement statistics have been particularly pleasing, reaching all new heights of daily and peak concurrent users for Le Mans Ultimate, particularly around the Version 1.0 release out of Early Access and following that with incredible sales and attachment rates for the release of the European Le Mans Series (“ELMS”) content in late September. With improving financial stability, we believe the Company now has the ability to forge a new path utilizing the unique technology we own and continue to advance. I’m delighted to announce a console port of Le Mans Ultimate is now in early production and the Company is looking forward bringing this unique experience to PlayStation and Xbox gaming consoles with a current estimated delivery between late 2026 and early 2027.
Informational and educational content only. Not investment advice.