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Companies / Technology / Motorsport Games Inc.
MSGM

Motorsport Games Inc.

TechnologyPrepackaged Software
Ticker MSGMMIRAMAR, FLFiscal year ends DecemberBook value per share $0.70Diluted shares 5.6M

Motorsport Games Inc. (NASDAQ: MSGM) is a racing game developer, publisher, and esports ecosystem provider specializing in official motorsport racing series. The company's website is motorsportgames.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$11.30M
+30.0% year over year
Last 12 mo $14.52M
28.76%
+48.9 percentage points
Last 12 mo 21.14%
$6.84M
+324.6% year over year
Last 12 mo $2.78M
102.25%
+657 percentage points
Last 12 mo 60.39%
Cash & financing
$4.07M
+243.5% year over year
Last 12 mo $6.57M
$2.95M
+203.0% year over year
Last 12 mo $4.78M
—
Last 12 mo 0.31
4.8M
+65.7% year over year
Last 12 mo 5.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Motorsport Games Inc. does

In the company’s own words

Motorsport Games Inc. (NASDAQ: MSGM) is a racing game developer, publisher, and esports ecosystem provider specializing in official motorsport racing series. The company's website is motorsportgames.com.

The company develops and publishes racing video games for personal computers through digital channels, including full-game sales and downloadable content. Its core product portfolio includes Le Mans Ultimate, the official game of the FIA World Endurance Championship and 24 Hours of Le Mans, which launched in early access in February 2024 and reached version 1.0 in July 2025. The company also offers KartKraft, a kart racing simulator released in January 2022, and rFactor 2, a realistic racing simulation platform acquired through the 2021 acquisition of Studio397. rFactor 2 powers F1 Arcade through a partnership with Kindred Concepts.

Motorsport Games generates revenue primarily through game sales and downloadable content, as well as its RaceControl subscription service. The company also provides product development services to third parties. Historically, the esports business generated revenues from sponsorships, advertising, and media rights for events and competitions, though no esports revenue was generated during 2024 and 2025. The company organized the 24 Hours of Le Mans Virtual event in 2023, which achieved approximately 8.8 million video views and a global audience of 5 million across television and over-the-top channels.

As of December 31, 2025, the company employed 44 people, comprising 26 full-time employees and 18 contractors, with 32 dedicated to game development and located primarily in the United States and Europe. Customer concentration remains significant, with one distribution channel accounting for approximately 64 percent of consolidated revenues in 2025.

Motorsport Games was formed in 2018 as a subsidiary of Driven Lifestyle and completed its initial public offering in January 2021. The company holds exclusive video game developer and publisher rights for the 24 Hours of Le Mans and WEC through a joint venture with Automobile Club de l'Ouest, with rights extending through a ten-year term with automatic renewal provisions.

Company details
Sector
Technology
Industry
Prepackaged Software
Headquarters
MIRAMAR, FL
Fiscal year end
December
CIK
1821175
SIC
7372

Financial performance, year by year

Fiscal 2020–2025 · USD
$-42.43M$-25.66M$-8.90M$7.87M$24.63M202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Motorsport Games Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

12
funds hold it
0 of 35
superinvestors hold it
$1.09M
held by funds, at market
5.8%
of shares held by funds

Largest fund holders · Motorsport Games Inc.’s weight in each

AUER GROWTH
AUERX · Unified Series Trust
0.92%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
0.00%of fund net assets
Ultra-Small Company Fund
BRUSX · Bridgeway Funds, Inc.
0.07%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Motorsport Games Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Motorsport Games Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Motorsport Games Inc.'s last four quarterly filings that the numbers alone won't show?”
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