Motorsport Games Inc. (MSGM) Financial Analysis and Rating

Comparison Analysis Based on SEC Data

Company Name Motorsport Games Inc.
Industry (SIC) 7372 - Prepackaged Software
Revenue in 2025 $11,298 thousand (ranked #410 out of 496 companies in the industry)
Assets as of 12/31/2025 $11,968 thousand (ranked #431)
Market Cap $20,305 thousand (Sep 14, 2026)
Analyzed report 12/31/2024 (filed 3/20/2025)

Year:
20242025

Financial Position and Performance
Annual | Quarterly

Compared with 2024 industry ratios Change during the year

much worse
unchanged
Compared with all listed companies

much worse

Compare with a competitor

Financial Ratios Benchmarking

Financial Ratio Comparison of company ratios for 2024
with industry ratios
(73 - Business Services) 		with all listed companies
Solvency Ratios
Debt ratio 
0.80
0.57
0.80
0.61
Debt-to-equity ratio 
4.11
1.08
4.11
1.35
Liquidity Ratios
Current Ratio 
0.56
1.50
0.56
1.78
Cash Ratio 
0.17
0.65
0.17
0.59
Profitability Ratios
Profit margin 
-31.7%
-0.1%
-31.7%
3%
ROE (Return on equity), after tax 
-165.6%
0.8%
-165.6%
5.1%
ROA (Return on assets) 
-34.3%
-0.1%
-34.3%
0.9%
Activity Ratios
Asset turnover (days) 
338
579
338
776
Resulting score -1,4 -1,4

Year:
20242025

Additional Ratios (not used in score calculation)

Financial Ratio Comparison of company ratios for 2024
with industry ratios
(73 - Business Services) 		with all listed companies
Profitability Ratios
Gross margin 
62.9%
60.5%
62.9%
43.6%
Price Ratios
Earnings per Share (basic)  $-0.94
Earnings per Share (diluted)  $-0.94

Auditor's Conclusion

We have performed a comparative analysis of the balance sheet and income statement of Motorsport Games Inc. (hereafter – the "Company") for the year 2024 as filed with the U.S. Securities and Exchange Commission (SEC). The primary business activity of the Company is "Prepackaged Software" (SIC code 7372). In our analysis, we compared the key financial ratios of the Company with the average (median) values of those ratios calculated for the Company's specific industry sector and for all companies. The averages were calculated using data from 2024 financial statements filed with the SEC through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). By comparing each of the eleven key metrics to the median, we have reached an overall conclusion about the quality of the Company's financial condition. All calculations and conclusions were performed using software and methodologies developed by ReadyRatios.

Based on our analysis of the Company's key financial ratios, we have determined the following. The financial condition of Motorsport Games Inc. in 2024 is much worse than the typical financial condition of companies in the "Prepackaged Software" industry.

A comparison of the Company's financial ratios with the average ratios for all industries leads to the same conclusion. The financial position of Motorsport Games Inc. is much worse than that of most listed companies that file financial statements with the U.S. Securities and Exchange Commission.

Financial Position and Performance History


More on Motorsport Games Inc.

Closest Competitors

Company USD ($), in Millions
Revenue Assets
Banzai International, Inc. 12 32
Fatpipe Inc/UT 12 32
Artificial Intelligence Technology Solutions Inc. 11 10
VisionWave Holdings, Inc. 10 18