Mobile GlobalEsports Inc (MGAM) Balance Sheet
MGAM balance sheet, 2025
December 31, 2025 · U.S. dollars$1.7M assets = $1.8M liabilities + −$178,136 equity
Liabilities exceed assets: shareholders’ equity is negative (−$178,136).
Both columns are drawn to the same scale: what MGAM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MGAM financial health
Descriptive bands, not a rating. Fiscal 2025.
MGAM balance sheet trends, 2021–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $301,2002021 | $1.7M2025 | +53.1%/yr | |
| Total liabilities | $31,8142021 | $1.8M2025 | +175.5%/yr | |
| Shareholders’ equity | $269,3862021 | −$161,6772025 | — | |
| Cash & short-term investments | $238,2022021 | $573,3052025 | +24.6%/yr | |
| Total debt | $147,5452022 | $894,9112025 | +82.4%/yr | |
| Net cash (debt) | $7.4M2022 | −$321,6062025 | −$7.7M | |
| Working capital | $269,3862021 | −$1.2M2025 | −$1.5M | |
| Book value per share | $0.012021 | −$0.002025 | — | |
| Current ratio | 9.472021 | 0.352025 | −9.12 | |
| Debt / equity | 0.022022 | 0.062023 | +0.04 | |
| Shares outstanding | 18.3M2021 | 46.4M2025 | +26.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MGAM assets
MGAM liabilities and equity
MGAM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MGAM balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $573,305 | $928,619 | $3.2M | $7.5M | $238,202 |
| Cash & equivalents | $573,305 | $928,619 | $3.2M | $7.5M | $238,202 |
| Receivables | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $61,275 | $137,094 | $93,127 | $593,247 | $62,998 |
| Total current assets | $634,580 | $1.1M | $3.3M | $8.1M | $301,200 |
| Property, plant & equipment (net) | $0 | $0 | $133,444 | $71,456 | $0 |
| Goodwill & intangible assets | $1.0M | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $15,606 | $20,070 | $1.1M | $0 |
| Total assets | $1.7M | $1.1M | $3.4M | $9.3M | $301,200 |
| Liabilities | |||||
| Accounts payable | $93,387 | $69,188 | $94,397 | $453 | $31,814 |
| Short-term debt | $894,911 | — | $119,549 | $109,093 | — |
| Total current liabilities | $1.8M | $82,078 | $271,972 | $207,816 | $31,814 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | $0 | $106,675 | $16,786 | $0 |
| Other long-term liabilities | $9,795 | $0 | $52,166 | $38,452 | $31,814 |
| Total liabilities | $1.8M | $82,078 | $324,138 | $246,268 | $31,814 |
| Shareholders' equity | |||||
| Common stock & paid-in capital | $5,444 | $2,793 | $2,119 | $2,042 | $1,681 |
| Retained earnings (deficit) | −$12.9M | −$10.6M | −$8.3M | −$1.5M | −$262,360 |
| Accumulated other comprehensive income | −$8,621 | −$6,322 | −$3,032 | $1,399 | — |
| Minority interest | −$16,459 | −$14,868 | −$6,531 | −$656 | — |
| Total shareholders' equity | −$161,677 | $1.0M | $3.1M | $9.0M | $269,386 |
| Key figures | |||||
| Total debt | $894,911 | — | $171,715 | $147,545 | — |
| Net cash (debt) | −$321,606 | — | $3.0M | $7.4M | — |
| Working capital | −$1.2M | $983,635 | $3.0M | $7.9M | $269,386 |
| Tangible book value | −$1.2M | $1.0M | $3.1M | $9.0M | $269,386 |
| Book value per share | −$0.00 | $0.05 | $0.15 | $0.44 | $0.01 |
| Shares outstanding | 46.4M | 21.6M | 21.0M | 20.4M | 18.3M |
| Current ratio | 0.35 | 12.98 | 12.02 | 39.14 | 9.47 |
| Quick ratio | 0.31 | 11.31 | 11.67 | 36.28 | 7.49 |
| Debt / equity | — | — | 0.06 | 0.02 | — |
| Equity / assets | −9.8% | 93.8% | 90.7% | 97.3% | 89.4% |
| Sep '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 | $19,936 | $184,650 | $573,305 | $810,081 | $595,476 | $700,974 | $928,619 | $2.0M | $2.0M | $2.8M | $3.2M | $4.5M |
| Cash & equivalents | $19,936 | $184,650 | $573,305 | $810,081 | $595,476 | $700,974 | $928,619 | $2.0M | $2.0M | $2.8M | $3.2M | $4.5M |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $86,816 | $105,994 | $61,275 | $53,091 | $101,137 | $107,865 | $137,094 | $55,582 | $55,582 | $124,820 | $93,127 | $150,962 |
| Total current assets | $106,752 | $290,644 | $634,580 | $863,172 | $696,613 | $808,839 | $1.1M | $2.1M | $2.1M | $2.9M | $3.3M | $4.7M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $166,282 | $164,431 | $164,431 | $121,564 | $133,444 | $142,573 |
| Goodwill & intangible assets | $0 | $1.0M | $1.0M | $110,000 | $40,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $869,635 | $1 | $0 | $0 | $0 | $157 | $0 | $24,350 | $24,350 | $19,558 | $20,070 | $1.5M |
| Total assets | $976,387 | $1.3M | $1.7M | $973,172 | $736,613 | $808,996 | $1.1M | $2.3M | $2.3M | $3.0M | $3.4M | $6.3M |
| Liabilities | ||||||||||||
| Accounts payable | — | $169,658 | $93,387 | $14,409 | $60,956 | $8,189 | $69,188 | $89,721 | $89,721 | $152,969 | $94,397 | $270,235 |
| Short-term debt | $698,170 | $1.0M | $894,911 | $682,798 | $87,566 | — | $69,842 | $67,556 | — | $82,265 | — | $154,653 |
| Deferred revenue | $57,974 | $26,645 | — | $9,700 | — | — | — | −$89,721 | — | −$179,269 | — | −$373,180 |
| Total current liabilities | $1.0M | $1.3M | $1.8M | $768,728 | $239,897 | $77,039 | $82,078 | $157,277 | $157,277 | $474,295 | $271,972 | $553,565 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | — | — | — | — | — | $0 | $85,824 | $102,846 | $92,473 | $106,675 | $117,564 |
| Other long-term liabilities | $17,942 | $9,795 | $9,795 | $0 | $0 | $0 | $15,982 | $35,290 | $35,290 | $36,508 | $52,166 | $65,856 |
| Total liabilities | $1.1M | $1.3M | $1.8M | $768,728 | $239,897 | $77,039 | $82,078 | $192,567 | $192,567 | $510,803 | $324,138 | $619,421 |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $13,207 | $6,446 | $5,444 | $5,219 | $4,654 | $4,416 | $2,793 | $2,123 | — | $2,119 | — | $2,042 |
| Retained earnings (deficit) | −$14.2M | −$13.7M | −$12.9M | −$12.4M | −$11.5M | −$11.0M | −$10.6M | −$9.4M | −$9.4M | −$8.9M | −$8.3M | −$5.1M |
| Accumulated other comprehensive income | — | $0 | −$8,621 | −$8,559 | −$6,763 | −$5,960 | −$6,322 | $38 | — | −$3,332 | — | −$561 |
| Minority interest | — | $0 | −$16,459 | −$16,185 | −$15,571 | −$14,762 | — | — | — | — | — | — |
| Total shareholders' equity | −$82,290 | $5,583 | −$161,677 | $220,629 | $512,287 | $746,719 | $1.0M | $2.1M | $2.1M | $2.5M | $3.1M | $5.7M |
| Key figures | ||||||||||||
| Total debt | $706,317 | $1.0M | $894,911 | $682,798 | $87,566 | — | $85,824 | $102,846 | — | $118,773 | — | $220,509 |
| Net cash (debt) | −$686,381 | −$860,225 | −$321,606 | $127,283 | $507,910 | — | $842,795 | $1.9M | — | $2.7M | — | $4.3M |
| Working capital | −$933,983 | −$1.0M | −$1.2M | $94,444 | $456,716 | $731,800 | $983,635 | $1.9M | $1.9M | $2.4M | $3.0M | $4.1M |
| Tangible book value | −$82,290 | −$1.0M | −$1.2M | $110,629 | $472,287 | $746,719 | $1.0M | $2.1M | $2.1M | $2.5M | $3.1M | $5.7M |
| Book value per share | −$0.00 | $0.00 | −$0.00 | $0.00 | $0.01 | $0.03 | $0.05 | $0.10 | $0.10 | $0.12 | $0.15 | $0.28 |
| Shares outstanding | 85.2M | 60.8M | 46.4M | 46.8M | 45.5M | 21.6M | 21.6M | 21.2M | 21.2M | 20.4M | 21.2M | 20.4M |
| Current ratio | 0.10 | 0.22 | 0.35 | 1.12 | 2.90 | 10.50 | 12.98 | 13.28 | 13.28 | 6.10 | 12.02 | 8.43 |
| Quick ratio | 0.02 | 0.14 | 0.31 | 1.05 | 2.48 | 9.10 | 11.31 | 12.93 | 12.93 | 5.84 | 11.67 | 8.16 |
| Debt / equity | — | 187.15 | — | 3.09 | 0.17 | — | 0.08 | 0.05 | — | 0.05 | — | 0.04 |
| Equity / assets | −8.4% | 0.4% | −9.8% | 22.7% | 69.5% | 92.3% | 93.8% | 92.0% | 92.0% | 83.4% | 90.7% | 90.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 31, 2026); data from EODHD.
MGAM financial position
At the end of fiscal 2025 (December 31, 2025), Mobile GlobalEsports had total assets of $1.7 million (up 53.0% from a year earlier), total liabilities of $1.8 million and shareholders' equity of -$0.2 million. It held $0.6 million in cash and short-term investments against $0.9 million of debt, net debt of $0.3 million. Its current ratio was 0.35. In the latest quarter (ended September 30, 2026) total assets were $1.0 million and equity -$0.1 million.
Related: MGAM income statement, MGAM cash flow statement, MGAM key metrics. See the MGAM stock overview for the latest quote and news.
MGAM balance sheet FAQ
What are Mobile GlobalEsports's total assets?
Mobile GlobalEsports reported total assets of $1.7 million at the end of fiscal 2025 (December 31, 2025), compared with $1.1 million a year earlier.
How much debt does Mobile GlobalEsports have?
Mobile GlobalEsports had $0.9 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was —.
How much cash does Mobile GlobalEsports have?
Mobile GlobalEsports held $0.6 million in cash and short-term investments at the end of fiscal 2025; with $0.9 million of debt that is net debt of $0.3 million.
What is Mobile GlobalEsports's book value?
Mobile GlobalEsports's shareholders' equity (book value) was -$0.2 million at the end of fiscal 2025, or −$0.00 per share.
What is Mobile GlobalEsports's current ratio?
Mobile GlobalEsports had current assets of $0.6 million and current liabilities of $1.8 million, a current ratio of 0.35 (current liabilities exceed current assets).
How much goodwill does Mobile GlobalEsports have?
Mobile GlobalEsports carried $1.0 million of goodwill and intangible assets, 61.6% of total assets, at the end of fiscal 2025.