Engine Media Holdings Inc (GAME) Balance Sheet
GAME balance sheet, 2025
December 31, 2025 · U.S. dollars$79.8M assets = $44.2M liabilities + $35.7M equity
Both columns are drawn to the same scale: what GAME owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GAME financial health
Descriptive bands, not a rating. Fiscal 2025.
GAME balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1262016 | $79.8M2025 | +341.4%/yr | |
| Total liabilities | $83,8492016 | $44.2M2025 | +100.6%/yr | |
| Shareholders’ equity | −$83,7232016 | $35.7M2025 | — | |
| Cash & short-term investments | $1262016 | $6.4M2025 | +233.3%/yr | |
| Total debt | $24,2892016 | $3.6M2025 | +74.2%/yr | |
| Net cash (debt) | −$24,1632016 | $2.8M2025 | +$2.8M | |
| Working capital | −$83,7232016 | −$18.7M2025 | −$18.6M | |
| Current ratio | 0.002016 | 0.542025 | +0.54 | |
| Debt / equity | 0.042018 | 0.102025 | +0.06 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GAME assets
GAME liabilities and equity
GAME debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GAME balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $6.4M | $13.1M | $3.0M | $8.6M | $15.6M | $5.6M | $2.8M | $607,933 | $1.7M | $126 |
| Cash & equivalents | $6.4M | $13.1M | $3.0M | $8.6M | $15.6M | $5.6M | $2.8M | $607,933 | $1.6M | $126 |
| Short-term investments | — | — | — | $0 | — | — | — | — | $123,644 | — |
| Receivables | $8.7M | $21.7M | $16.5M | $9.9M | $9.7M | $5.0M | $1.2M | $1.0M | $277,247 | $0 |
| Inventory | $0 | $0 | $47,465 | $475,327 | $3.5M | $388,587 | $8,270 | $0 | $0 | $0 |
| Other current assets | $7.1M | $1.6M | $2.7M | $3.1M | $2.7M | $1.2M | $690,572 | $44,241 | $344,585 | $0 |
| Total current assets | $22.2M | $36.5M | $22.2M | $22.1M | $31.6M | $12.2M | $4.8M | $1.7M | $2.3M | $126 |
| Property, plant & equipment (net) | $1.5M | $2.9M | $4.6M | $138,505 | $960,833 | $959,867 | $85,252 | $166,185 | $940,475 | $0 |
| Goodwill & intangible assets | $13.3M | $28.0M | $34.9M | $17.9M | $31.0M | $38.2M | $4.4M | $12.9M | $4.2M | $0 |
| Long-term investments | $41.8M | $2.2M | $2.7M | $2.6M | $2.6M | $2.1M | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.1M | $12.4M | $293,444 | $0 | $1.3M | $0 | $1.5M | $174,053 | $1.5M | $0 |
| Total assets | $79.8M | $82.0M | $64.7M | $42.7M | $67.5M | $53.4M | $10.7M | $14.9M | $9.0M | $126 |
| Liabilities | ||||||||||
| Accounts payable | $21.9M | $27.3M | $23.5M | $12.8M | $10.4M | $12.5M | $3.8M | $2.5M | $559,672 | $59,560 |
| Short-term debt | $2.4M | $10.7M | $4.9M | $3.3M | $1.9M | $8.9M | $908,464 | $79,355 | — | $24,289 |
| Deferred revenue | $4.0M | $2.7M | $1.9M | $1.1M | $2.6M | $553,395 | $31,655 | $34,038 | — | — |
| Total current liabilities | $40.9M | $54.8M | $36.2M | $21.8M | $32.5M | $41.8M | $5.4M | $7.5M | $8.3M | $83,849 |
| Long-term debt | $0 | $9.9M | $8.2M | $5.0M | $9.0M | $10.9M | $0 | $0 | $0 | $0 |
| Lease obligations | $1.6M | $2.8M | $2.4M | $388,834 | $587,551 | $572,148 | — | — | — | — |
| Other long-term liabilities | $3.3M | $5.3M | $2.0M | $0 | $364,968 | $386,477 | $12.9M | $629,883 | $2.1M | $0 |
| Total liabilities | $44.2M | $69.9M | $46.3M | $26.8M | $41.9M | $53.2M | $18.4M | $8.1M | $10.5M | $83,849 |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $9,807 | — | — | $124.9M | $122.7M | $69.4M | $29.6M | $29.6M | $11.6M | $352,081 |
| Retained earnings (deficit) | −$162.3M | −$122.2M | −$73.4M | −$127.3M | −$112.8M | −$72.1M | −$39.8M | −$25.0M | −$13.5M | −$481,488 |
| Accumulated other comprehensive income | −$586,991 | $14.7M | −$132,081 | −$2.1M | −$2.3M | −$1.3M | −$572,956 | −$489,969 | −$702 | $45,684 |
| Minority interest | $0 | $14.9M | $0 | $0 | — | — | — | — | — | — |
| Total shareholders' equity | $35.7M | $12.0M | $18.4M | $15.9M | $25.4M | $45,907 | −$8.0M | $6.8M | −$1.4M | −$83,723 |
| Key figures | ||||||||||
| Total debt | $3.6M | $22.7M | $15.1M | $8.3M | $11.3M | $20.2M | $13.5M | $304,162 | — | $24,289 |
| Net cash (debt) | $2.8M | −$9.5M | −$12.1M | $379,902 | $4.3M | −$14.6M | −$10.7M | $303,771 | — | −$24,163 |
| Working capital | −$18.7M | −$18.3M | −$13.9M | $233,920 | −$937,584 | −$29.7M | −$693,391 | −$5.8M | −$6.0M | −$83,723 |
| Tangible book value | $22.4M | −$16.0M | −$16.5M | −$2.0M | −$5.6M | −$38.2M | −$12.3M | −$6.1M | −$5.7M | −$83,723 |
| Book value per share | — | $3.44 | — | — | — | — | — | — | — | — |
| Shares outstanding | — | 3.5M | — | — | — | — | — | — | — | — |
| Current ratio | 0.54 | 0.67 | 0.61 | 1.01 | 0.97 | 0.29 | 0.87 | 0.23 | 0.28 | 0.00 |
| Quick ratio | 0.37 | 0.64 | 0.54 | 0.85 | 0.78 | 0.25 | 0.74 | 0.22 | 0.24 | 0.00 |
| Debt / equity | 0.10 | 1.89 | 0.82 | 0.52 | 0.45 | 439.76 | — | 0.04 | — | — |
| Equity / assets | 44.7% | 14.6% | 28.4% | 37.2% | 37.7% | 0.1% | −74.5% | 45.5% | −15.9% | −66,674.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $4.5M | $4.2M | $4.6M | $7.5M | $6.5M | $5.8M | $12.1M | $11.2M | $14.5M | $7.8M | $2.9M | $2.5M |
| Cash & equivalents | $4.5M | $4.2M | $4.6M | $7.5M | $6.5M | $5.8M | $12.1M | $11.2M | $14.5M | $7.8M | $2.9M | $2.5M |
| Receivables | $11.3M | $10.7M | $8.7M | $13.5M | $13.1M | $18.8M | $21.3M | $25.9M | $27.6M | $25.8M | $16.5M | $14.9M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $47,465 | $0 | $47,465 |
| Other current assets | $24.7M | $24.0M | $8.9M | $5.3M | $1.0M | $1.2M | $3.0M | $4.7M | $4.3M | $4.5M | $2.8M | $2.5M |
| Total current assets | $40.5M | $38.8M | $22.2M | $26.2M | $20.6M | $25.8M | $36.5M | $41.8M | $46.4M | $38.2M | $22.2M | $20.0M |
| Property, plant & equipment (net) | $1.3M | $1.4M | $1.5M | $1.6M | $1.7M | $2.7M | $2.9M | $3.2M | $2.6M | $2.9M | $4.6M | $4.7M |
| Goodwill & intangible assets | $16.1M | $16.6M | $13.3M | $17.8M | $10.8M | $27.8M | $28.0M | $44.5M | $45.1M | $50.7M | $34.9M | $46.1M |
| Long-term investments | $514,461 | $10.8M | $41.8M | $66.9M | $2.2M | $2.2M | $2.2M | $2.7M | $2.7M | $2.7M | $2.7M | $3.2M |
| Other non-current assets | $549,000 | $549,000 | $549,000 | $8.6M | $8.8M | $9.3M | $9.2M | $9.0M | $8.8M | $7.4M | $293,445 | $0 |
| Total assets | $58.9M | $68.2M | $79.3M | $121.1M | $44.1M | $67.8M | $78.7M | $101.1M | $105.5M | $101.9M | $64.7M | $74.0M |
| Liabilities | ||||||||||||
| Accounts payable | $20.8M | $20.6M | $21.9M | $18.4M | $26.1M | $23.6M | $27.3M | $29.0M | $31.4M | $30.2M | $23.5M | $20.2M |
| Short-term debt | $12.6M | $9.9M | — | $314,445 | $8.2M | $8.0M | — | $13.9M | $5.7M | $4.6M | — | $6.9M |
| Deferred revenue | $5.3M | $5.8M | — | $5.2M | $2.5M | $2.7M | — | $2.1M | $2.2M | $4.2M | — | $2.3M |
| Total current liabilities | $45.0M | $44.5M | $40.9M | $40.3M | $48.3M | $45.2M | $54.8M | $58.4M | $53.5M | $53.0M | $36.2M | $35.9M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $10.2M | $9.9M | $0 | $7.8M | $8.4M | $8.2M | $1.5M |
| Lease obligations | $1.4M | $1.5M | $1.6M | $1.7M | $1.8M | $2.6M | $2.8M | $3.0M | $2.2M | $2.3M | $2.4M | $2.8M |
| Other long-term liabilities | $4.0M | $6.0M | $2.8M | $2.1M | $1.4M | $1.9M | $2.1M | $2.2M | $1.8M | $1.9M | $2.0M | $2.1M |
| Total liabilities | $49.0M | $50.5M | $43.6M | $42.4M | $49.6M | $57.3M | $66.7M | $60.6M | $63.2M | $63.3M | $46.3M | $39.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $10,237 | $9,576 | — | $9,837 | $125.4M | — | — | — | — | — | — | $84.1M |
| Retained earnings (deficit) | −$190.6M | −$180.0M | −$162.3M | −$131.2M | −$130.3M | −$127.3M | −$122.2M | −$95.8M | −$90.3M | −$78.7M | −$73.4M | −$54.5M |
| Accumulated other comprehensive income | −$558,330 | −$559,029 | — | −$524,003 | −$594,074 | $12.9M | — | $18.4M | $15.2M | $421,915 | — | −$138,366 |
| Minority interest | $0 | $0 | $0 | $0 | $0 | — | — | — | — | — | — | — |
| Total shareholders' equity | $9.9M | $17.7M | $35.7M | $78.7M | −$5.5M | $10.5M | −$2.9M | $40.5M | $42.3M | $38.5M | $18.4M | $34.4M |
| Key figures | ||||||||||||
| Total debt | $13.5M | $12.8M | — | $1.6M | $9.6M | $20.1M | $9.9M | $16.1M | $15.3M | $14.9M | $8.2M | $10.5M |
| Net cash (debt) | −$9.0M | −$8.6M | — | $5.9M | −$3.1M | −$14.3M | $2.2M | −$4.9M | −$764,614 | −$7.1M | −$5.2M | −$8.0M |
| Working capital | −$4.5M | −$5.7M | −$18.7M | −$14.1M | −$27.6M | −$19.4M | −$18.3M | −$16.6M | −$7.1M | −$14.8M | −$13.9M | −$16.0M |
| Tangible book value | −$6.2M | $1.1M | $22.4M | $60.9M | −$16.3M | −$17.3M | −$30.9M | −$4.0M | −$2.7M | −$12.2M | −$16.5M | −$11.7M |
| Book value per share | $0.83 | $1.46 | $2.94 | $7.16 | −$1.14 | $2.29 | −$0.09 | $10.36 | $11.13 | — | $1.41 | — |
| Shares outstanding | 11.9M | 12.2M | 12.1M | 11.0M | 4.9M | 4.6M | 32.6M | 3.9M | 3.8M | — | 13.0M | — |
| Current ratio | 0.90 | 0.87 | 0.54 | 0.65 | 0.43 | 0.57 | 0.67 | 0.72 | 0.87 | 0.72 | 0.61 | 0.56 |
| Quick ratio | 0.35 | 0.33 | 0.33 | 0.52 | 0.41 | 0.54 | 0.61 | 0.64 | 0.79 | 0.63 | 0.54 | 0.48 |
| Debt / equity | 1.36 | 0.72 | — | 0.02 | — | 1.91 | — | 0.40 | 0.36 | 0.39 | 0.45 | 0.30 |
| Equity / assets | 16.8% | 26.0% | 45.0% | 65.0% | −12.6% | 15.5% | −3.7% | 40.0% | 40.1% | 37.8% | 28.4% | 46.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 8, 2026); data from EODHD.
GAME financial position
At the end of fiscal 2025 (December 31, 2025), Engine Media had total assets of $79.8 million (down 2.6% from a year earlier), total liabilities of $44.2 million and shareholders' equity of $35.7 million. It held $6.4 million in cash and short-term investments against $3.6 million of debt, a net cash position of $2.8 million. Its current ratio was 0.54. In the latest quarter (ended June 30, 2026) total assets were $58.9 million and equity $9.9 million.
Related: GAME income statement, GAME cash flow statement, GAME key metrics. See the GAME stock overview for the latest quote and news.
GAME balance sheet FAQ
What are Engine Media's total assets?
Engine Media reported total assets of $79.8 million at the end of fiscal 2025 (December 31, 2025), compared with $82.0 million a year earlier.
How much debt does Engine Media have?
Engine Media had $3.6 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.10.
How much cash does Engine Media have?
Engine Media held $6.4 million in cash and short-term investments at the end of fiscal 2025; with $3.6 million of debt that is net cash of $2.8 million.
What is Engine Media's book value?
Engine Media's shareholders' equity (book value) was $35.7 million at the end of fiscal 2025.
What is Engine Media's current ratio?
Engine Media had current assets of $22.2 million and current liabilities of $40.9 million, a current ratio of 0.54 (current liabilities exceed current assets).
How much goodwill does Engine Media have?
Engine Media carried $13.3 million of goodwill and intangible assets, 16.6% of total assets, at the end of fiscal 2025.