| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 4.03 | 129.0% |
| Total Income | 4.03 | 129.0% |
| Expenditure | 2.97 | 60.5% |
| PBT | — | |
| Net Profit | 0.32 | 69.2% |
| OPM | 26.21% | 31.51pp |
| NPM | 7.83% | 51.37pp |
| EPS | 0.06 | 81.8% |
Motorsport Games Reports Q1 2026 Revenue of $4.0 Million, Up 129.3% YoY
14 May 2026 · 14 May, 1:44 am
Summary
Motorsport Games Inc. reported financial results for the first quarter ended March 31, 2026. Revenues for Q1 2026 were $4.0 million, a 129.3% increase compared to $1.8 million in Q1 2025. Net income for both Q1 2026 and Q1 2025 was approximately $1.0 million. Adjusted EBITDA for Q1 2026 was $1.5 million, compared to $0.6 million for the same period in the prior year. The company's cash and cash equivalents were approximately $5.9 million as of March 31, 2026.
Key Highlights
- 1
Motorsport Games generated revenues of $4.0 million in Q1 2026, compared to $1.8 million in Q1 2025, an increase of 129.3%.
- 2
The company generated net income of $1.0 million in Q1 2026, consistent with Q1 2025.
- 3
Net income attributable to Class A common stock was $0.06 per share in Q1 2026, compared to $0.33 in Q1 2025.
- 4
Adjusted EBITDA was $1.5 million in Q1 2026, an improvement of $0.9 million compared to $0.6 million in Q1 2025.
- 5
The company secured a $3.0 million revolving line of credit with Citibank in February 2026.
- 6
Gross profit margin increased to 87.2% from 73.5% for the same period in the prior year.
Management Comments
Stephen Hood
We are very pleased to report another quarter of strong financial performance, with revenues more than doubling year on year. The progress we have made in transforming this business is now visibly consistent. We have once again generated positive operating income, supported by the ongoing momentum of our Le Mans Ultimate title and the steady expansion of our RaceControl subscription platform. With the financial stability we have now established, we have begun to explore the next phase of growth for Motorsport Games. Le Mans Ultimate has demonstrated that our technology platform, our development approach and our community engagement strategy can deliver a profitable, scalable business, and we continue to work on plans to expand our portfolio, taking Le Mans Ultimate to console and future possible titles. Our recent share repurchase from Driven Lifestyle Group LLC is a direct reflection of how far the Company has come - our strengthened financial position has given us the ability to act, returning greater ownership and strategic influence to the Company and ultimately to the benefit of all shareholders.
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