WinstonWınston
Motorsport Games logo

Motorsport Games

MSGM
74
Electronic Gaming & Multimedia · Technology
Price
$4.41
+0.04 (+0.92%)
Market Cap
$23.9M
Exchange
NASDAQ Capital Market
Winston Score
74
Winston is happy
A high-quality business with solid fundamentals.
Data as of Jul 28, 2026 · filings through Mar 31, 2026

Share count rising — dilution

+315.4% over 4y

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

Diluted shares outstanding: 1.2M (2021) → 4.8M (2025)

Motorsport Games Inc. is an American enterprise primarily focused on the creation and distribution of multi-platform racing video games. The company's operations are divided into two distinct divisions: Gaming and Esports. It delivers its video game offerings for consoles, personal computers, and mobile devices, making them available through diverse physical retailers and digital storefronts, encompassing both full titles and supplementary downloadable content. Furthermore, Motorsport Games actively organizes and conducts esports competitions, tournaments, and events, supporting both its proprietary licensed racing games and those developed by external parties. Founded in 2018, its corporate headquarters are situated in Miami, Florida, functioning as a subsidiary of Motorsport Network LLC.

Winston Score History

Growth Profile

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

Revenue Growth

+129.3% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-81.8% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$2M/ year

Declining (-48% vs prior year)

15.6% of revenue

In line with sector average (15%)

R&D spend declining — could signal cost-cutting or efficiency

Cash Position

Cash flow positive

$6M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Motorsport Games grew revenue 129% 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.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin
87.0%
Premium pricing power — 87.0% gross margin
Operating Margin
26.9%
Excellent — 26.9% operating margin
ROCE
14.6%
Good — 14.6% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY
+83.0%
Fast-growing sales (83.0% YoY)
EPS YoY
+36462.5%
Earnings growing fast (36462.5% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion
87%
Modest — 87% of profit becomes cash
FCF Margin
34.2%
Converts sales into free cash efficiently (34.2%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity
0.05
Conservative — low debt load (0.05)
Interest Cover
313.76x
Comfortably covers interest (313.8x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)
3.8x
Attractive valuation — P/E 3.8

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward
-15.4
SLOWING
Earnings expected to fall — forward P/E higher than today

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial