NASDAQ : GAME
GameSquare Holdings, Inc. — Financial statements
Communication Services · Electronic Gaming & Multimedia · United States
Last price 2.59 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 33.61M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
GameSquare Holdings, Inc. (GAME) reported revenue of 62.78M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 62.78M | 45.00M | 27.54M | 41.30M | 28.08M | 10.05M |
| Cost of Revenue | 34.06M | 25.48M | 18.09M | 31.20M | 18.43M | 6.79M |
| Gross Profit | 28.72M | 19.52M | 9.45M | 10.10M | 9.66M | 3.26M |
| Selling, General & Admin | 29.37M | 25.19M | 21.65M | 19.89M | 24.54M | 9.72M |
| Research & Development | 2.02M | 2.05M | 1.89M | 3.07M | ||
| Amortization of Goodwill & Intangibles | 1.38M | |||||
| Other Operating Expenses | 3.69M | 3.29M | 6.35M | 45.65K | 355.42K | |
| Operating Expenses | 36.71M | 31.65M | 31.26M | 24.90M | 27.20M | 13.82M |
| Operating Income | -7.99M | -12.14M | -21.80M | -14.79M | -17.55M | -10.56M |
| Interest Expense | -608.59K | -672.59K | -169.57K | -133.04K | ||
| Interest & Investment Income | 443.25K | 586.15K | 156.99K | 7.09K | ||
| Currency Exchange Gain (Loss) | 2.08K | |||||
| Other Non Operating Income (Expenses) | -23.63M | -3.76M | 146.49K | 1.40M | 35.27K | -84.92K |
| EBT Excluding Unusual Items | -31.78M | -15.32M | -21.50M | -14.06M | -17.68M | -10.77M |
| Merger & Restructuring Charges | -1.18M | -1.39M | -19.85K | -3.56M | -7.21M | |
| Impairment of Goodwill | -5.14M | -5.14M | -7.43M | -7.02M | -1.66M | |
| Gain (Loss) on Sale of Investments | -1.95M | -1.95M | -473.56K | -515.28K | ||
| Asset Writedown | -6.96M | -6.96M | -5.12M | -701.42K | ||
| Other Unusual Items | -572.47K | 796.22K | -243.61K | -1.16M | ||
| Pretax Income | -50.31M | -29.97M | -34.79M | -26.33M | -18.38M | -19.64M |
| Income Tax Expense | 146.77K | 63.72K | -55.10K | -304.37K | -72.67K | |
| Earnings From Continuing Operations | -50.46M | -30.03M | -34.79M | -26.28M | -18.08M | -19.57M |
| Earnings From Discontinued Operations | -9.82M | -12.09M | -19.52M | -5.01M | -29.84K | |
| Net Income to Company | -60.28M | -42.12M | -54.31M | -31.28M | -18.11M | -19.57M |
| Minority Interest in Earnings | 2.02M | 5.56M | -13.72K | 30.21K | ||
| Net Income | -60.28M | -40.10M | -48.75M | -31.28M | -18.12M | -19.54M |
| Net Income to Common | -60.28M | -40.10M | -48.75M | -31.28M | -18.12M | -19.54M |
| Shares Outstanding (Basic) | 11.86M | 8.21M | 3.49M | 1.39M | 694.71K | 19.53M |
| Shares Outstanding (Diluted) | 11.86M | 8.21M | 3.49M | 1.39M | 694.71K | 19.53M |
| EPS (Basic) | -5.08 | -4.88 | -13.98 | -22.51 | -26.08 | -1.00 |
| EPS (Diluted) | -5.08 | -4.88 | -13.98 | -22.51 | -26.08 | -1.00 |
| Free Cash Flow | -20.71M | -18.48M | -30.58M | -16.08M | -11.96M | -10.05M |
| Free Cash Flow Per Share | -1.75 | -2.25 | -8.77 | -11.57 | -17.21 | -0.51 |
| Gross Margin | 45.75% | 43.37% | 34.32% | 24.46% | 34.39% | 32.46% |
| Operating Margin | -12.73% | -26.97% | -79.16% | -35.82% | -62.48% | -105.01% |
| Profit Margin | -96.02% | -89.11% | -176.99% | -75.74% | -64.53% | -194.34% |
| Free Cash Flow Margin | -32.99% | -41.06% | -111.01% | -38.93% | -42.57% | -99.95% |
| EBITDA | -6.75M | -10.98M | -20.44M | -12.16M | -15.24M | -9.35M |
| EBITDA Margin | -10.75% | -24.41% | -74.21% | -29.43% | -54.27% | -93.03% |
| D&A For EBITDA | 1.24M | 1.15M | 1.36M | 2.64M | 2.31M | 1.20M |
| EBIT | -7.99M | -12.14M | -21.80M | -14.79M | -17.55M | -10.56M |
| EBIT Margin | -12.73% | -26.97% | -79.16% | -35.82% | -62.48% | -105.01% |
| Advertising Expenses | 200.00K | 400.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.10M | 4.60M | 12.09M | 2.95M | 977.41K | 6.03M |
| Cash & Short-Term Investments | 2.10M | 4.60M | 12.09M | 2.95M | 977.41K | 6.03M |
| Accounts Receivable | 11.32M | 8.73M | 21.33M | 16.46M | 8.11M | 3.05M |
| Other Receivables | 37.60K | |||||
| Receivables | 11.32M | 8.73M | 21.71M | 16.46M | 8.11M | 3.09M |
| Prepaid Expenses | 936.00K | 771.90K | 1.49M | 916.74K | 897.14K | 304.18K |
| Restricted Cash | 2.36M | 1.77M | 1.05M | 47.47K | ||
| Other Current Assets | 23.74M | 6.33M | 119.72K | 1.87M | 107.66K | 306.42K |
| Total Current Assets | 40.46M | 22.21M | 36.47M | 22.24M | 10.10M | 9.72M |
| Property, Plant & Equipment | 1.29M | 1.51M | 2.87M | 4.62M | 5.50M | 6.39M |
| Long-Term Investments | 514.46K | 41.76M | 2.20M | 2.67M | ||
| Goodwill | 8.62M | 5.91M | 12.70M | 16.30M | ||
| Other Intangible Assets | 7.45M | 7.36M | 15.27M | 18.57M | 4.61M | 7.37M |
| Other Long-Term Assets | 293.44K | 347.04K | ||||
| Total Assets | 58.89M | 79.30M | 78.73M | 64.71M | 20.20M | 23.83M |
| Accounts Payable | 20.80M | 21.93M | 27.35M | 23.49M | 4.85M | 2.03M |
| Accrued Expenses | 4.82M | 5.23M | 11.69M | 3.76M | 3.04M | |
| Short-Term Debt | 12.10M | 2.74M | 4.43M | 5.28M | 802.33K | 120.13K |
| Current Portion of Long-Term Debt | 6.48M | |||||
| Current Portion of Leases | 458.19K | 441.49K | 748.92K | 367.49K | 336.23K | 301.35K |
| Current Income Taxes Payable | 43.02K | |||||
| Current Unearned Revenue | 5.33M | 3.95M | 2.73M | 1.93M | 1.09M | 327.05K |
| Other Current Liabilities | 1.48M | 6.53M | 1.34M | 1.34M | 397.27K | 178.24K |
| Total Current Liabilities | 44.99M | 40.88M | 54.76M | 36.18M | 10.52M | 2.95M |
| Long-Term Debt | 9.91M | 8.18M | ||||
| Long-Term Leases | 925.36K | 1.15M | 2.05M | 1.99M | 2.36M | 2.70M |
| Long-Term Deferred Tax Liabilities | 810.70K | 810.70K | 55.10K | 274.46K | ||
| Other Long-Term Liabilities | 2.28M | 807.00K | 255.51K | |||
| Total Liabilities | 49.00M | 43.65M | 66.73M | 46.35M | 12.94M | 6.18M |
| Common Stock | 10.24K | 9.81K | 3.26K | 36.22M | ||
| Additional Paid-In Capital | 201.26M | 195.16M | 119.44M | 91.92M | 49.67M | |
| Retained Earnings | -190.63M | -162.27M | -122.17M | -73.42M | -42.14M | -24.06M |
| Treasury Stock | -205.63K | -580.72K | ||||
| Comprehensive Income & Other | -558.33K | -586.99K | -208.62K | -132.08K | -269.05K | 5.58M |
| Total Common Equity | 9.88M | 31.73M | -2.94M | 18.36M | 7.27M | 17.74M |
| Minority Interest | 14.94M | -90.47K | ||||
| Shareholders' Equity | 9.88M | 35.65M | 12.00M | 18.36M | 7.27M | 17.65M |
| Total Liabilities & Equity | 58.89M | 79.30M | 78.73M | 64.71M | 20.20M | 23.83M |
| Total Debt | 13.48M | 4.34M | 23.63M | 15.82M | 3.50M | 3.12M |
| Net Cash (Debt) | -11.38M | 264.08K | -11.53M | -12.88M | -2.52M | 2.91M |
| Net Cash Per Share | -0.96 | 0.03 | -3.31 | -9.26 | -3.63 | 0.15 |
| Filing Date Shares Outstanding | 12.98M | 11.97M | 4.86M | 3.79M | 292.54M | 244.38M |
| Total Common Shares Outstanding | 12.80M | 12.26M | 4.08M | 1.62M | 292.54M | 244.38M |
| Working Capital | -4.53M | -18.67M | -18.29M | -13.93M | -423.84K | 6.77M |
| Book Value Per Share | 0.77 | 2.59 | -0.72 | 11.31 | 0.02 | 0.07 |
| Tangible Book Value | -6.19M | 18.46M | -30.91M | -16.52M | 2.66M | 10.37M |
| Tangible Book Value Per Share | -0.48 | 1.51 | -7.58 | -10.17 | 0.01 | 0.04 |
| Machinery | 286.48K | 951.56K | 397.78K | 269.66K | 238.99K | |
| Leasehold Improvements | 10.90K | 3.66M | 3.66M | 3.66M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -60.28M | -40.10M | -48.75M | -31.28M | -18.12M | -19.54M |
| Depreciation & Amortization | 1.66M | 1.63M | 1.88M | 2.97M | 2.62M | 1.38M |
| Other Amortization | 655.95K | |||||
| Loss (Gain) From Sale of Assets | -4.20M | -2.72M | 5.26M | -40.79K | ||
| Asset Writedown & Restructuring Costs | 22.69M | 22.69M | 12.55M | 7.02M | 701.42K | 1.66M |
| Loss (Gain) From Sale of Investments | 21.35M | 9.67M | 473.56K | 515.28K | ||
| Stock-Based Compensation | 3.71M | 2.88M | 2.14M | 1.74M | 1.60M | 2.68M |
| Provision & Write-off of Bad Debts | 171.00K | 41.58K | ||||
| Other Operating Activities | 7.44M | -7.73M | -5.81M | -801.87K | 465.38K | 6.30M |
| Change in Accounts Receivable | 3.25M | 10.85M | 502.65K | -880.48K | -5.27M | |
| Change in Accounts Payable | -14.03M | -12.20M | -212.76K | 4.79M | 5.65M | |
| Change in Unearned Revenue | -4.80M | -3.54M | -831.25K | -358.38K | 765.94K | |
| Change in Other Net Operating Assets | -603.07K | -230.22K | 128.00K | -412.10K | -532.86K | -2.49M |
| Operating Cash Flow | -20.70M | -18.40M | -30.57M | -16.08M | -11.92M | -9.97M |
| Capital Expenditures | -9.31K | -77.11K | -5.12K | -2.24K | -31.25K | -81.89K |
| Sale of Property, Plant & Equipment | 104.00 | 35.50K | 2.75M | |||
| Cash Acquisitions | -4.57M | -4.57M | 2.41M | 11.33M | -1.13M | |
| Divestitures | -636.38K | 328.28K | ||||
| Sale (Purchase) of Intangibles | 1.51M | -300.00K | -60.00K | |||
| Investment in Securities | 250.00K | 49.36K | ||||
| Other Investing Activities | -57.35M | -54.74M | -12.11K | |||
| Investing Cash Flow | -60.17M | -60.33M | 2.71M | 14.07M | 18.11K | -1.22M |
| Short-Term Debt Issued | 4.52M | 750.00K | ||||
| Long-Term Debt Issued | 4.00M | 16.05M | 185.40K | |||
| Total Debt Issued | 12.10M | 4.00M | 16.05M | 4.70M | 750.00K | 14.48K |
| Short-Term Debt Repaid | -3.50M | -1.02M | -750.00K | |||
| Long-Term Debt Repaid | -4.62M | -7.58M | -149.44K | |||
| Lease Payments | -244.04K | |||||
| Total Debt Repaid | -7.85M | -8.12M | -8.59M | -750.00K | -149.44K | -693.30K |
| Net Debt Issued (Repaid) | 4.25M | -4.12M | 7.45M | 3.95M | 600.56K | -678.82K |
| Issuance of Common Stock | 77.85M | 77.85M | 9.87M | 6.30M | 17.15M | |
| Repurchase of Common Stock | -3.79M | -1.78M | ||||
| Other Financing Activities | 487.50K | 712.50K | 20.65M | -64.83K | -963.00 | |
| Financing Cash Flow | 78.81M | 72.66M | 37.97M | 3.95M | 6.84M | 16.47M |
| Foreign Exchange Rate Adjustments | 36.68K | -711.59K | 53.66K | 65.82K | 16.29K | -189.22K |
| Net Cash Flow | -2.02M | -6.77M | 10.16M | 2.02M | -5.05M | 5.09M |
| Free Cash Flow | -20.71M | -18.48M | -30.58M | -16.08M | -11.96M | -10.05M |
| Free Cash Flow Margin | -32.99% | -41.06% | -111.01% | -38.93% | -42.57% | -99.95% |
| Free Cash Flow Per Share | -1.75 | -2.25 | -8.77 | -11.57 | -17.21 | -0.51 |
| Levered Free Cash Flow | -28.57M | -2.09M | -2.18M | 6.85M | -5.46M | |
| Unlevered Free Cash Flow | -28.19M | -2.09M | -2.18M | 7.27M | -5.36M | |
| Free Cash Flow After Leases | -20.71M | -18.48M | -30.58M | -16.08M | -11.96M | -10.29M |
| Cash Interest Paid | 1.07M | 1.08M | 1.28M | 561.34K | 11.95K | 13.18K |
| Change in Working Capital | -16.18M | -5.11M | -413.37K | 3.14M | 613.20K | -2.49M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 33.93M | 37.88M | 26.93M | 23.40M | ||
| Enterprise Value | 45.31M | 38.59M | 50.01M | 31.41M | ||
| Last Close Price | 2.51 | 3.08 | 6.60 | 14.48 | ||
| PS Ratio | 0.52 | 0.84 | 0.98 | 0.57 | ||
| PB Ratio | 3.25 | 1.06 | 2.24 | 1.27 | ||
| P/TBV Ratio | 2.05 | |||||
| EV/Sales Ratio | 0.70 | 0.86 | 1.82 | 0.76 | ||
| Debt / Equity Ratio | 1.36 | 0.12 | 1.97 | 0.86 | 0.48 | 0.18 |
| Net Debt / Equity Ratio | 1.15 | -0.01 | 0.96 | 0.70 | 0.35 | -0.17 |
| Net Debt / EBITDA Ratio | -1.69 | 0.02 | -0.56 | -1.06 | -0.17 | 0.31 |
| Net Debt / FCF Ratio | -0.55 | 0.01 | -0.38 | -0.80 | -0.21 | 0.29 |
| Asset Turnover | 1.22 | 0.57 | 0.38 | 0.97 | 1.28 | |
| Quick Ratio | 0.30 | 0.33 | 0.61 | 0.54 | 0.86 | 3.08 |
| Current Ratio | 0.90 | 0.54 | 0.67 | 0.61 | 0.96 | 3.29 |
| Return on Equity (ROE) | -2,323.94% | -126.02% | -229.11% | -205.05% | -145.14% | |
| Return on Assets (ROA) | -9.70% | -9.60% | -19.00% | -21.78% | -49.81% | |
| Return on Capital Employed (ROCE) | -57.50% | -31.60% | -91.00% | -51.80% | -181.20% | -50.60% |
| Earnings Yield | -194.43% | -105.87% | -181.03% | -133.71% | ||
| FCF Yield | -63.59% | -48.78% | -113.54% | -68.73% | ||
| Buyback Yield / Dilution | -172.11% | -135.56% | -150.88% | -100.08% | 96.44% | -525.15% |