Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 4/5 core metricsFlagged areas: Earnings quality, Solvency & liquidity, Dilution.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- 3 filing risk checks flagged
Flagged areas: Earnings quality, Solvency & liquidity, Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +30.0% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- Operating margin improved
Operating margin changed +48.9 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
- Free cash flow turned positive
Latest reported free cash flow was $4M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Earnings quality
- Solvency & liquidity
- Dilution
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Gaming$11.3M100.0%+30.0% yoy
Members sum to the consolidated $11.3M for this period.
- Gaming$3.37M103.7%-359.2% yoy
- Esports-$121K-3.7%-73.1% yoy
Members sum to the consolidated $3.25M for this period.
- Ingame Revenues$4.97M44.0%+125.2% yoy
- Digital Game Sales$4.47M39.6%-20.4% yoy
- Subscription And Circulation$1.13M10.0%+5890.6% yoy
- Software Development$507K4.5%+34.4% yoy
- Other$217K1.9%-53.3% yoy
Members sum to the consolidated $11.3M for this period.
- Gaming$4.03M100.0%+129.3% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,122 US-listed filers · 817 in Technology| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $11M | 12thof 3,301 bottom third | 10thof 778 bottom third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 30.1% | 85thof 3,135 top third | 83rdof 743 top third |
Gross margin gross profit ÷ revenue | 81.5% | 95thof 1,603 top third | 93rdof 555 top third |
Operating margin operating income ÷ revenue | 28.8% | 92ndof 2,819 top third | 93rdof 752 top third |
Net margin net income ÷ revenue | 61.3% | 95thof 3,263 top third | 99thof 770 top third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 35.9% | 93rdof 2,679 top third | 95thof 701 top third |
Return on equity net income ÷ stockholders' equity (positive equity only) | 102.3% | 98thof 3,577 top third | 97thof 720 top third |
Interest coverage operating income ÷ interest expense (interest expense > 0) | 172.9× | 99thof 819 top third | 98thof 195 top third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 7.0% | 30thof 2,895 bottom third | 38thof 729 middle third |
Cash conversion operating cash flow ÷ net income (net income > 0) | 0.6× | 16thof 2,183 bottom third | 11thof 417 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | 31.3% | 1stof 3,577 bottom third | 1stof 722 bottom third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 150.3% | 7thof 3,059 bottom third | 6thof 634 bottom third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 15 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Net income NetIncomeLoss | quarter 2024-09-30 | $9.83K 10-Q 2024-11-14 | -$555K 10-Q 2025-11-06 | -5743.4% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2023-12-31 | $3.04M 10-K 2024-04-01 | $1.04M 10-K 2025-03-20 | -65.9% | first · latest · 5 filings carry it |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2024-03-31 | $1.25M 10-Q 2024-05-07 | $500K 10-Q 2025-05-09 | -60.1% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2024-03-31 | -$848K 10-Q 2024-05-07 | -$374K 10-Q 2025-05-09 | +55.9% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2024-09-30 | $751K 10-Q 2024-11-14 | $1.1M 10-Q 2025-11-06 | +46.5% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2024-06-30 | $529K 10-Q 2024-08-09 | $300K 10-Q 2025-08-13 | -43.3% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2025-03-31 | $305K 10-Q 2025-05-09 | $377K 10-Q 2026-05-13 | +23.4% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2023-12-31 | -$19.4M 10-K 2024-04-01 | -$16.4M 10-K 2025-03-20 | +15.7% | first · latest |
| Intangibles IntangibleAssetsNetExcludingGoodwill | balance at 2020-12-31 | $5.57M 10-K 2021-03-24 | $4.76M 10-K 2023-03-24 | -14.6% | first · latest · 6 filings carry it |
| Net income NetIncomeLoss | quarter 2024-06-30 | $2.38M 10-Q 2024-08-09 | $2.11M 10-Q 2025-08-13 | -11.4% | first · latest |
| Net income NetIncomeLoss | fiscal year 2023-12-31 | -$13.1M 10-K 2024-04-01 | -$14.3M 10-K 2025-03-20 | -9.8% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2023-12-31 | -$12.9M 10-K 2024-04-01 | -$13.7M 10-K 2025-03-20 | -5.7% | first · latest |
| Net income NetIncomeLoss | quarter 2023-09-30 | -$3.49M 10-Q 2023-11-07 | -$3.56M 10-Q 2024-11-14 | -2.1% | first · latest |
| Net income NetIncomeLoss | quarter 2024-03-31 | -$1.63M 10-Q 2024-05-07 | -$1.66M 10-Q 2025-05-09 | -1.9% | first · latest |
| Net income NetIncomeLoss | quarter 2023-06-30 | -$8.17M 10-Q 2023-08-21 | -$8.21M 10-Q 2024-08-09 | -0.5% | first · latest |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for MSGM yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.