Mobile Global Esports

MGAM

Electronic Gaming & Multimedia · Technology

Price

$0.00

-0.00 (-8.33%)

Market Cap

$68,153

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Share count rising — dilution

+153.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 18.3M (2021) → 46.4M (2025)

Mobile Global Esports Inc. is a small company that organizes esports competitions focused on mobile gaming in college and university markets, primarily in South Asia and the Middle East. It runs tournaments where student gamers compete against each other in popular mobile games, targeting a young audience in regions where smartphone gaming is far more common than PC or console gaming. The company positions itself around the idea that mobile esports in emerging markets is an underserved space.

The company earns money through sponsorships, event fees, and media rights tied to its tournaments, though it currently generates very little revenue. It operates mainly in India and surrounding regions, and its market cap is essentially negligible, reflecting how early-stage the business is. The financial data above — deeply negative margins and poor returns on capital — signals the company is spending far more than it earns, making its ability to raise additional funding and reach sustainable revenue the central risk investors should understand.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+304.1% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+43.8% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

33.9%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~2 months

$184,650 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Revenue accelerating

Mobile Global Esports grew revenue 304% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

-1537.2%

Thin — -1537.2% gross margin

Operating Margin

-11480.8%

Losing money on operations — -11480.8%

ROCE

-69.1%

Weak — -69.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

-62.9%

Shrinking sales (-62.9% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-14723.1%

Burning cash (-14723.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

187.15

Heavy debt load (187.15)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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