Motorsport Games Inc. (MSGM) Stock

Motorsport Games Inc. (MSGM) is a Technology stock trading at $3.80 (as of 2026-08-20), with a market capitalization of $19.97M and a trailing P/E of 8.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Motorsport Games Inc. develops and publishes racing video games for console, PC, and mobile platforms, distributing full games and downloadable content through retail and digital channels in the United States. It also operates an esports activities business, organizing and facilitating tournaments and competitions tied to its racing titles and certain third-party games.

Understand Motorsport Games Inc.: how it makes money

Motorsport Games develops and publishes multi-platform racing video games and sells full games and downloadable content through retail and digital channels, and it also organizes esports tournaments and events for its licensed racing games, with an additional recurring revenue stream from its Race Control subscription.

The profit model is driven by monetizing racing fans through (1) recurring Race Control subscription economics (tracked by monthly and annual recurring revenue, active paying subscribers, and registered accounts) and (2) game and DLC sales across multiple platforms, with esports events supporting engagement around licensed racing content.

Revenue by segment (latest quarter)
Gaming$0.0B
Esports$0.0B

Business quality (Exceptional): For the period ended 2026-03-31, reported revenue is 0.0B (with Gaming and Esports segment revenue also at 0.0B in the provided inputs), but gross margin is 87.2% and operating margin is 26.2%, and the company reports an active Race Control subscriber base (26,000 active paying subscribers).

Valuation: Trades at 3× trailing earnings · $0B market cap.

Bull case

  • Subscription user base: The company reports 26,000 Race Control Active Paying Subscribers and 400,000 Race Control Registered Accounts, indicating a measurable recurring revenue community.
  • Multiple monetization channels tied to racing IP: It sells multi-platform racing video games through retail and digital channels (including full games and downloadable content) and also organizes and facilitates esports tournaments and events for licensed racing games.

Bear case

  • Limited visibility from the latest-quarter revenue inputs: In the provided latest period ended 2026-03-31, total revenue is 0.0B, and the candidate segment revenues for both Gaming and Esports are also 0.0B, which makes it difficult to assess near-term monetization momentum from these inputs.
  • Revenue dependence on game releases and content purchases: Game monetization depends on users purchasing full titles and downloadable content (including DLC purchase rate and season pass-related purchase mix metrics that are tracked), which can be volatile depending on what content is available and selling.
Valuation — source: SEC EDGAR (first-party)
Price$3.80
Market Cap$19.97M
P/E Ratio8.1
EV / EBITDA4.1
Price / Book3.81
Price / Sales1.36
FCF Yield41.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$11.30M
Net Margin61.3%
Revenue Growth (YoY)30.0%
EPS Growth (YoY)-252.1%
FCF Growth (YoY)-241.8%
Financial Health — source: SEC EDGAR
Altman Z-Score-5.15 (distress)
Valuation vs Sector & Industry
Stock P/E8.1
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
vs Sector-76.1%
vs Industry-72.9%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderJANE STREET GROUP, LLC ($258952.00)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOStephen Hood
Employees22
CountryUS
IPO Date2021-01-13

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MSGM earnings history · MSGM institutional & insider holders · MSGM KPIs & operating metrics · MSGM financials · MSGM investor presentations & press releases · MSGM SEC filings · MSGM peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.