Motorsport Games Inc
NASDAQ:MSGM
Income Statement
Earnings Waterfall
Motorsport Games Inc
Income Statement
Motorsport Games Inc
| Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||
| Interest Expense |
0
|
1
|
1
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Revenue |
18
N/A
|
19
+4%
|
18
-4%
|
17
-9%
|
10
-41%
|
15
+54%
|
16
+6%
|
16
-1%
|
15
-6%
|
10
-30%
|
9
-15%
|
8
-3%
|
9
+6%
|
7
-23%
|
8
+19%
|
8
+2%
|
8
+1%
|
9
+3%
|
7
-15%
|
8
+10%
|
9
+16%
|
|
| Gross Profit | ||||||||||||||||||||||
| Cost of Revenue |
(6)
|
(7)
|
(6)
|
(6)
|
(4)
|
(8)
|
(9)
|
(9)
|
(8)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
|
| Gross Profit |
12
N/A
|
12
+3%
|
12
-4%
|
11
-11%
|
6
-46%
|
8
+30%
|
7
-5%
|
7
-3%
|
6
-8%
|
5
-16%
|
5
-15%
|
4
-6%
|
4
+6%
|
3
-27%
|
5
+57%
|
5
+5%
|
6
+4%
|
5
-3%
|
4
-20%
|
5
+23%
|
7
+26%
|
|
| Operating Income | ||||||||||||||||||||||
| Operating Expenses |
(11)
|
(12)
|
(27)
|
(32)
|
(36)
|
(42)
|
(32)
|
(33)
|
(33)
|
(31)
|
(29)
|
(27)
|
(22)
|
(16)
|
(16)
|
(13)
|
(13)
|
(10)
|
(5)
|
(6)
|
(5)
|
|
| Selling, General & Administrative |
(6)
|
(8)
|
(22)
|
(26)
|
(29)
|
(32)
|
(21)
|
(21)
|
(22)
|
(20)
|
(18)
|
(17)
|
(13)
|
(11)
|
(10)
|
(8)
|
(8)
|
(8)
|
(6)
|
(6)
|
(5)
|
|
| Research & Development |
(4)
|
(5)
|
(5)
|
(6)
|
(7)
|
(10)
|
(11)
|
(12)
|
(11)
|
(10)
|
(10)
|
(10)
|
(8)
|
(7)
|
(6)
|
(5)
|
(4)
|
(3)
|
(3)
|
(2)
|
(2)
|
|
| Depreciation & Amortization |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
1
|
4
|
2
|
2
|
|
| Operating Income |
1
N/A
|
0
N/A
|
(15)
N/A
|
(21)
-40%
|
(31)
-43%
|
(34)
-12%
|
(25)
+26%
|
(26)
-2%
|
(27)
-5%
|
(25)
+5%
|
(25)
+4%
|
(23)
+8%
|
(18)
+22%
|
(12)
+30%
|
(11)
+9%
|
(8)
+31%
|
(7)
+9%
|
(5)
+29%
|
(1)
+87%
|
(1)
-14%
|
2
N/A
|
|
| Pre-Tax Income | ||||||||||||||||||||||
| Interest Income Expense |
(1)
|
(1)
|
1
|
1
|
1
|
1
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
(0)
|
(10)
|
(10)
|
(10)
|
(10)
|
(0)
|
(4)
|
(4)
|
(4)
|
(4)
|
3
|
3
|
3
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(2)
|
(1)
|
(0)
|
1
|
1
|
3
|
5
|
4
|
6
|
(1)
|
0
|
3
|
1
|
|
| Pre-Tax Income |
1
N/A
|
(1)
N/A
|
(15)
-2 041%
|
(20)
-41%
|
(30)
-45%
|
(34)
-13%
|
(36)
-6%
|
(37)
-4%
|
(39)
-5%
|
(37)
+6%
|
(26)
+29%
|
(27)
-3%
|
(22)
+19%
|
(14)
+34%
|
(11)
+25%
|
(0)
+96%
|
3
N/A
|
(3)
N/A
|
(0)
+89%
|
2
N/A
|
3
+74%
|
|
| Net Income | ||||||||||||||||||||||
| Income from Continuing Operations |
1
|
(1)
|
(15)
|
(20)
|
(30)
|
(34)
|
(36)
|
(37)
|
(39)
|
(37)
|
(26)
|
(27)
|
(22)
|
(14)
|
(11)
|
(0)
|
3
|
(3)
|
(0)
|
2
|
3
|
|
| Income to Minority Interest |
(1)
|
(1)
|
(1)
|
(1)
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
2
|
2
|
2
|
0
|
(0)
|
(0)
|
(1)
|
|
| Net Income (Common) |
0
N/A
|
(2)
N/A
|
(15)
-771%
|
(21)
-37%
|
(29)
-37%
|
(33)
-15%
|
(34)
-4%
|
(36)
-5%
|
(38)
-5%
|
(36)
+5%
|
(26)
+28%
|
(27)
-3%
|
(22)
+19%
|
(14)
+34%
|
(9)
+36%
|
1
N/A
|
5
+267%
|
(3)
N/A
|
(0)
+84%
|
1
N/A
|
2
+54%
|
|
| EPS (Diluted) |
0.17
N/A
|
-1.07
N/A
|
-14.46
-1 251%
|
-20.22
-40%
|
-24.81
-23%
|
-29.08
-17%
|
-29.47
-1%
|
-30.87
-5%
|
-32.54
-5%
|
-30.76
+5%
|
-11.85
+61%
|
-9.89
+17%
|
-7.97
+19%
|
-5.56
+30%
|
-3.39
+39%
|
0.5
N/A
|
1.59
+218%
|
-0.94
N/A
|
-0.13
+86%
|
0.27
N/A
|
0.4
+48%
|
|