Motorsport Games Inc (MSGM) Balance Sheet

NASDAQ: MSGMAssets, liabilities, debt and equity over 8 years.

MSGM balance sheet, 2025

December 31, 2025 · U.S. dollars

$12.0M assets = $4.4M liabilities + $7.6M equity

Both columns are drawn to the same scale: what MSGM owns equals what it owes plus shareholders’ equity. Hover a block for its value.

MSGM financial health

Current ratio2.25

Comfortable · current assets cover current liabilities 2.25×

Debt / equity0.00

Low leverage · $0.00 of debt for each $1 of equity

Equity / assets56.6%

Equity-funded · of assets funded by shareholders

Cash / debt28,411.9%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles31.5%

Acquisition-heavy · of total assets

Descriptive bands, not a rating. Fiscal 2025.

MSGM balance sheet trends, 2018–2025

Motorsport Games Inc balance sheet trends
Metric	Then	Latest	Change
Total assets	$15.7M2018	$12.0M2025	−3.8%/yr
Total liabilities	$6.3M2018	$4.4M2025	−5.0%/yr
Shareholders’ equity	$499,7922018	$6.8M2025	+45.1%/yr
Cash & short-term investments	$3.4M2018	$5.0M2025	+5.6%/yr
Total debt	$4.5M2018	$17,5752025	−54.7%/yr
Net cash (debt)	−$1.1M2018	$5.0M2025	+$6.0M
Working capital	$2.4M2018	$4.2M2025	+$1.8M
Book value per share	$0.292018	$1.402025	+25.4%/yr
Current ratio	1.382018	2.252025	+0.87
Debt / equity	8.972018	0.002025	−8.96
Shares outstanding	1.7M2018	4.8M2025	+15.7%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

MSGM assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

MSGM liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

MSGM debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

MSGM balance sheet

Motorsport Games Inc annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018
Assets
Cash & short-term investments	$5.0M	$859,271	$1.7M	$979,306	$17.8M	$4.0M	$2.0M	$3.4M
Cash & equivalents	$5.0M	$859,271	$1.7M	$979,306	$17.8M	$4.0M	$2.0M	$3.4M
Receivables	$2.2M	$1.4M	$735,839	$2.0M	$5.6M	$6.0M	$5.1M	$5.2M
Inventory	$0	$0	$1	$0	$0	$1	$0	$0
Other current assets	$350,487	$490,221	$1.1M	$1.0M	$1.2M	$507,176	$77,021	$82,423
Total current assets	$7.6M	$2.8M	$3.5M	$4.0M	$24.6M	$10.5M	$7.1M	$8.7M
Property, plant & equipment (net)	$55,563	$106,441	$445,000	$1.5M	$727,089	$162,148	$127,406	$70,735
Goodwill & intangible assets	$3.8M	$3.4M	$5.8M	$13.4M	$25.4M	$5.7M	$5.5M	$6.9M
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$553,464	$0	$0	$0	$0	$1.0M	$55,363	$49,781
Total assets	$12.0M	$6.3M	$9.8M	$18.9M	$50.7M	$17.4M	$12.8M	$15.7M
Liabilities
Accounts payable	$918,280	$3.0M	$813,659	$2.4M	$1.8M	$705,951	$266,854	$832,141
Short-term debt	$17,575	$31,099	$153,015	$380,538	$119,015	$10.9M	$8.0M	$4.5M
Deferred revenue	$1.1M	$390,463	$270,845	$311,945	$523,796	—	—	—
Total current liabilities	$3.4M	$5.0M	$7.6M	$13.3M	$9.1M	$14.9M	$9.2M	$6.3M
Long-term debt	$0	$0	$0	$0	$0	$0	$0	$0
Lease obligations	$17,575	$47,408	$198,674	$997,826	$0	—	—	—
Other long-term liabilities	$1.0M	$20,437	$76,757	$3.7M	$3.6M	$856,694	$8.3M	$5.3M
Total liabilities	$4.4M	$5.0M	$7.7M	$17.0M	$12.7M	$15.8M	$9.2M	$6.3M
Shareholders' equity
Common stock & paid-in capital	$574	$385	$339	$187	$1,864	−$1.0M	−$3.1M	$499,792
Retained earnings (deficit)	−$84.9M	−$91.8M	−$89.0M	−$74.0M	−$38.0M	−$4.8M	−$3.1M	$499,792
Accumulated other comprehensive income	−$3.6M	−$674,434	−$1.9M	−$933,406	−$945,375	$4,928	−$49,487	−$15,326
Minority interest	$805,549	$729,744	$1.1M	$369,687	—	$2.6M	—	—
Total shareholders' equity	$6.8M	$496,258	$1.0M	$1.5M	$36.7M	−$1.0M	−$3.1M	$499,792
Key figures
Total debt	$17,575	$47,408	$198,674	$997,826	$119,015	$10.9M	$8.0M	$4.5M
Net cash (debt)	$5.0M	$811,863	$1.5M	−$18,520	$17.7M	−$6.9M	−$6.1M	−$1.1M
Working capital	$4.2M	−$2.2M	−$4.1M	−$9.3M	$15.5M	−$4.4M	−$2.0M	$2.4M
Tangible book value	$3.0M	−$2.9M	−$4.8M	−$11.8M	$11.4M	−$6.7M	−$8.5M	−$6.4M
Book value per share	$1.40	$0.17	$0.40	$1.31	$31.51	−$1.00	−$1.76	$0.29
Shares outstanding	4.8M	2.9M	2.6M	1.2M	1.2M	1.0M	1.7M	1.7M
Current ratio	2.25	0.56	0.46	0.30	2.70	0.70	0.78	1.38
Quick ratio	2.15	0.46	0.32	0.22	2.57	0.67	0.77	1.37
Debt / equity	0.00	0.10	0.19	0.65	0.00	—	—	8.97
Equity / assets	56.6%	7.9%	10.6%	8.1%	72.4%	−5.9%	−24.0%	3.2%

Motorsport Games Inc quarterly balance sheet
	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	$3.9M	$5.9M	$5.0M	$4.1M	$2.4M	$1.1M	$859,271	$750,995	$529,438	$1.3M	$1.7M	$1.2M
Cash & equivalents	$3.9M	$5.9M	$5.0M	$4.1M	$2.4M	$1.1M	$859,271	$750,995	$529,438	$1.3M	$1.7M	$1.2M
Receivables	$1.7M	$2.3M	$2.2M	$1.5M	$1.6M	$867,892	$1.4M	$893,893	$839,571	$1.4M	$735,839	$704,549
Inventory	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1	$0	$0
Other current assets	$705,738	$938,588	$350,487	$723,157	$800,340	$799,449	$490,221	$712,497	$807,993	$1.5M	$1.1M	$963,051
Total current assets	$6.4M	$9.1M	$7.6M	$6.3M	$4.8M	$2.7M	$2.8M	$2.4M	$2.2M	$4.2M	$3.5M	$2.8M
Property, plant & equipment (net)	$59,185	$61,374	$55,563	$63,363	$66,651	$83,646	$106,441	$156,335	$233,398	$323,924	$445,000	$560,014
Goodwill & intangible assets	$4.3M	$4.1M	$3.8M	$3.7M	$3.3M	$3.3M	$3.4M	$4.5M	$4.8M	$5.3M	$5.8M	$8.0M
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$598,620	$619,497	$553,464	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total assets	$11.3M	$13.9M	$12.0M	$10.1M	$8.2M	$6.1M	$6.3M	$7.0M	$7.2M	$9.8M	$9.8M	$11.4M
Liabilities
Accounts payable	$663,367	$1.2M	$918,280	$973,930	$1.0M	$2.7M	$3.0M	$2.6M	$1.8M	$1.5M	$813,659	$1.3M
Short-term debt	$234,643	$362,411	$17,575	$26,124	$31,221	$32,599	$31,099	$32,612	$62,533	$109,171	—	$197,201
Deferred revenue	$1.0M	$899,232	$1.1M	$1.1M	$507,137	$501,599	$390,463	$278,573	$280,302	$458,342	—	$208,274
Total current liabilities	$3.5M	$3.9M	$3.4M	$3.3M	$2.6M	$4.6M	$5.0M	$4.8M	$4.1M	$8.8M	$7.6M	$8.0M
Long-term debt	$1.2M	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Lease obligations	$0	$8,724	$17,575	$26,124	$31,221	$41,079	$47,408	$58,471	$94,775	$149,027	$198,674	$250,133
Other long-term liabilities	$1.4M	$1.4M	$1.0M	$8,616	$11,444	$10,065	$20,437	$31,481	$49,813	$56,031	$76,757	$3.0M
Total liabilities	$6.1M	$5.3M	$4.4M	$3.3M	$2.6M	$4.6M	$5.0M	$4.8M	$4.2M	$8.8M	$7.7M	$10.9M
Shareholders' equity
Common stock & paid-in capital	$504	$574	$644	$574	$574	$385	$385	$385	$339	$339	—	$339
Retained earnings (deficit)	−$84.6M	−$84.5M	−$84.9M	−$85.7M	−$86.5M	−$90.7M	−$91.8M	−$86.3M	−$86.4M	−$88.7M	−$89.0M	−$90.7M
Accumulated other comprehensive income	−$3.5M	−$3.6M	−$3.6M	−$3.7M	−$3.9M	−$1.6M	−$674,434	−$2.5M	−$1.4M	−$1.3M	—	−$688,706
Minority interest	$1.4M	$1.5M	$805,549	$941,505	$751,465	—	—	—	—	—	—	—
Total shareholders' equity	$3.9M	$7.1M	$6.8M	$5.9M	$4.8M	$648,436	$496,258	$4.1M	$4.3M	$2.1M	$1.0M	$412,561
Key figures
Total debt	$1.4M	$362,411	$17,575	$26,124	$31,221	$41,079	$47,408	$58,471	$94,775	$149,027	—	$250,133
Net cash (debt)	$2.5M	$5.5M	$5.0M	$4.1M	$2.3M	$1.0M	$811,863	$692,524	$434,663	$1.1M	—	$932,209
Working capital	$2.9M	$5.2M	$4.2M	$3.0M	$2.2M	−$1.9M	−$2.2M	−$2.4M	−$2.0M	−$4.6M	−$4.1M	−$5.1M
Tangible book value	−$387,390	$2.9M	$3.0M	$2.2M	$1.5M	−$2.6M	−$2.9M	−$366,609	−$495,989	−$3.3M	−$4.8M	−$7.6M
Book value per share	$0.70	$1.29	$1.40	$1.07	$0.93	$0.20	$0.15	$1.35	$1.58	$0.76	$0.38	$0.15
Shares outstanding	5.6M	5.5M	4.8M	5.5M	5.2M	3.2M	3.2M	3.0M	2.7M	2.7M	2.7M	2.7M
Current ratio	1.85	2.32	2.25	1.92	1.85	0.59	0.56	0.49	0.53	0.47	0.46	0.36
Quick ratio	1.65	2.08	2.15	1.70	1.54	0.41	0.46	0.34	0.33	0.30	0.32	0.24
Debt / equity	0.37	0.05	0.00	0.00	0.01	0.06	0.10	0.01	0.02	0.07	—	0.61
Equity / assets	34.3%	50.8%	56.6%	57.9%	59.1%	10.7%	7.9%	58.7%	59.7%	20.9%	10.6%	3.6%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 10, 2026); data from EODHD.

MSGM financial position

At the end of fiscal 2025 (December 31, 2025), Motorsport Games had total assets of $12.0 million (up 90.9% from a year earlier), total liabilities of $4.4 million and shareholders' equity of $6.8 million. It held $5.0 million in cash and short-term investments against $0.0 million of debt, a net cash position of $5.0 million. Its current ratio was 2.25. In the latest quarter (ended June 30, 2026) total assets were $11.3 million and equity $3.9 million.

Related: MSGM income statement, MSGM cash flow statement, MSGM key metrics. See the MSGM stock overview for the latest quote and news.

MSGM balance sheet FAQ

What are Motorsport Games's total assets?

Motorsport Games reported total assets of $12.0 million at the end of fiscal 2025 (December 31, 2025), compared with $6.3 million a year earlier.

How much debt does Motorsport Games have?

Motorsport Games had $0.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.00.

How much cash does Motorsport Games have?

Motorsport Games held $5.0 million in cash and short-term investments at the end of fiscal 2025; with $0.0 million of debt that is net cash of $5.0 million.

What is Motorsport Games's book value?

Motorsport Games's shareholders' equity (book value) was $6.8 million at the end of fiscal 2025, or $1.40 per share.

What is Motorsport Games's current ratio?

Motorsport Games had current assets of $7.6 million and current liabilities of $3.4 million, a current ratio of 2.25 (it can cover its short-term obligations).

How much goodwill does Motorsport Games have?

Motorsport Games carried $3.8 million of goodwill and intangible assets, 31.5% of total assets, at the end of fiscal 2025.