Mobile GlobalEsports Inc (MGAM) Cash Flow Statement
Where MGAM’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$1.1M
- Capital expenditures
- $418,198 11,311.8% of revenue
- Free cash flow
- −$1.5M −40,159.5% margin
- Returned to shareholders
- —
- Change in cash
- −$355,314 cash at year-end $573,305
Drawn to scale: where the cash came from and how it was used. Hover for values.
MGAM operating cash flow, capex and free cash flow
MGAM cash flow trends, 2021–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$44,6242021 | −$1.1M2025 | — | |
| Capital expenditures | $42021 | $418,1982025 | +1,698.2%/yr | |
| Free cash flow | −$44,6202021 | −$1.5M2025 | — | |
| Free cash flow margin | −72,414.8%2023 | −40,159.5%2025 | +32,255.3 pts | |
| Capex / revenue | 392.7%2023 | 11,311.8%2025 | +10,919.2 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MGAM cash flow by activity
MGAM net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
MGAM cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Operating activities | |||||
| Net income | −$2.3M | −$2.3M | −$6.8M | −$1.3M | −$262,360 |
| Depreciation & amortization | $45,436 | $57,853 | $51,847 | $3,414 | $314,832 |
| Change in working capital | $248,314 | −$149,757 | $626,574 | −$345,780 | $31,814 |
| Other non-cash items | $902,086 | $313,186 | $2.5M | $185,920 | −$128,910 |
| Cash from operating activities | −$1.1M | −$2.1M | −$3.6M | −$1.4M | −$44,624 |
| Investing activities | |||||
| Capital expenditures | −$418,198 | −$67,624 | −$19,484 | −$17,664 | −$4 |
| Investments (net) | — | −$67,624 | −$1.2M | −$1.0M | — |
| Acquisitions & other investing | $0 | $67,624 | $558,490 | $17,664 | −$1.0M |
| Cash from investing activities | −$418,198 | −$67,624 | −$650,077 | −$1.0M | −$1.0M |
| Financing activities | |||||
| Net borrowing (repayment) | $935,500 | −$65,040 | −$160,558 | −$2.1M | −$2.1M |
| Shares issued | $125,000 | $0 | $0 | $11.9M | $0 |
| Other financing | $70,410 | $0 | $0 | $0 | $2.4M |
| Cash from financing activities | $1.1M | −$65,040 | −$160,558 | $9.8M | $282,826 |
| Summary | |||||
| Net change in cash | −$355,314 | −$2.2M | −$4.4M | $7.3M | $238,202 |
| Cash at end of period | $573,305 | $928,619 | $3.2M | $7.6M | $238,202 |
| Free cash flow | −$1.5M | −$2.2M | −$3.6M | −$1.5M | −$44,620 |
| Free cash flow margin | −40,159.5% | −8,558.5% | −72,414.8% | — | — |
| Capex / revenue | 11,311.8% | 266.1% | 392.7% | — | — |
| Sep '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$526,011 | −$774,351 | −$480,968 | −$948,472 | −$449,198 | −$383,696 | −$609,082 | −$496,825 | −$494,641 | −$618,627 | −$3.2M | −$1.8M |
| Depreciation & amortization | $89,154 | $91,823 | $45,436 | $10,513 | $0 | $0 | $3,130 | $16,736 | $16,736 | $15,728 | $15,016 | $13,530 |
| Stock-based compensation | $254,440 | $164,800 | — | — | — | $0 | — | — | — | — | — | — |
| Change in working capital | $116,380 | $24,929 | $145,930 | −$19,514 | $82,188 | $39,710 | $83,290 | −$247,790 | −$247,790 | $195,787 | −$204,257 | $240,972 |
| Other non-cash items | −$286,790 | $164,744 | $27,392 | $665,805 | $82,326 | $116,050 | $166,246 | $53,980 | $51,796 | $46,480 | $2.3M | $69,230 |
| Cash from operating activities | −$352,827 | −$328,055 | −$262,210 | −$291,668 | −$284,684 | −$227,936 | −$356,416 | −$673,899 | −$673,899 | −$360,632 | −$1.1M | −$1.5M |
| Investing activities | ||||||||||||
| Capital expenditures | −$84,005 | −$84,005 | −$308,198 | −$70,000 | −$4 | −$4 | −$2,067 | −$35,105 | −$35,105 | −$5,469 | $0 | −$16,929 |
| Investments (net) | — | — | — | −$70,000 | −$40,000 | $0 | −$2,067 | −$24,983 | −$35,105 | −$5,469 | −$203,658 | −$16,929 |
| Acquisitions & other investing | $141,255 | $5 | $0 | $70,000 | $4 | — | $2,067 | $24,983 | — | $5,469 | — | $16,929 |
| Cash from investing activities | $57,250 | −$84,000 | −$308,198 | −$70,000 | −$40,000 | — | −$2,067 | −$35,105 | — | −$5,469 | — | −$16,929 |
| Financing activities | ||||||||||||
| Net borrowing (repayment) | — | $25,000 | $259,000 | $561,500 | $115,000 | $0 | $0 | $0 | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $130,863 | −$1,600 | $75,000 | $15,410 | $105,000 | $0 | $0 | −$26,300 | −$26,300 | −$38,740 | −$37,905 | −$30,346 |
| Cash from financing activities | $130,863 | $23,400 | $334,000 | $576,910 | $220,000 | $0 | $0 | −$26,300 | −$26,300 | −$38,740 | −$37,905 | −$30,346 |
| Summary | ||||||||||||
| Net change in cash | −$164,714 | −$388,655 | −$236,776 | $214,605 | −$105,498 | −$227,645 | −$362,235 | −$736,132 | −$736,132 | −$405,083 | −$1.3M | −$1.6M |
| Cash at end of period | $19,936 | $184,650 | $573,305 | $810,081 | $595,476 | $700,974 | $928,619 | $2.0M | $2.0M | $2.8M | $3.2M | $4.5M |
| Free cash flow | −$268,822 | −$412,060 | −$570,408 | −$361,668 | −$284,680 | −$227,940 | −$358,483 | −$709,004 | −$709,004 | −$366,101 | −$671,866 | −$1.5M |
| Free cash flow margin | −1,728.0% | −6,519.9% | −15,670.5% | −634,505.3% | — | −14,574.2% | −1,504.3% | −44,902.1% | — | −7,378.1% | −13,540.2% | — |
| Capex / revenue | 540.0% | 1,329.2% | 8,467.0% | 122,807.0% | — | 0.3% | 8.7% | 2,223.2% | — | 110.2% | 0.0% | — |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
MGAM cash generation
In fiscal 2025 (ended December 31, 2025), Mobile GlobalEsports generated -$1.1 million of cash from operations and spent $0.4 million on capital expenditures, leaving free cash flow of -$1.5 million, −40,159.5% of revenue. Cash and equivalents fell by $0.4 million over the year.
Related: MGAM income statement, MGAM balance sheet. See the MGAM stock overview for the latest quote and news.
MGAM cash flow FAQ
What is Mobile GlobalEsports's free cash flow?
Mobile GlobalEsports's free cash flow was -$1.5 million in fiscal 2025: -$1.1 million of operating cash flow minus $0.4 million of capital expenditures It was -$2.2 million a year earlier..
How much cash does Mobile GlobalEsports generate from operations?
Mobile GlobalEsports generated -$1.1 million of cash from operating activities in fiscal 2025.
How much does Mobile GlobalEsports spend on capital expenditures?
Mobile GlobalEsports spent $0.4 million on capital expenditures in fiscal 2025, 11,311.8% of revenue, compared with $0.1 million the year before.