The revenue acceleration and margin expansion are strong, but EPS dilution from share count growth tempers the beat. Watch for Le Mans Ultimate console launch plans and any further share buyback activity as catalysts. The $3.7M repurchase reduces float and signals insider confidence.
Price Chart
Executive Summary
Motorsport Games reported Q1 2026 revenue of $4.0M, more than doubling YoY from $1.8M (+129.3%), driven by Le Mans Ultimate momentum and RaceControl subscription growth. Net income was flat at $1.0M, but EPS fell to $0.06 from $0.33 due to a higher share count. The company also completed a $3.7M share repurchase from a major holder, reducing shares outstanding and signaling confidence.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $4.0M vs $1.8M YoY, +129.3%
- Gross profit margin expanded to 87.2% from 73.5%
- Net income flat at $1.0M; EPS $0.06 vs $0.33 YoY (higher share count)
- Adjusted EBITDA $1.5M vs $0.6M YoY, +$0.9M
- Completed $3.7M share repurchase from Driven Lifestyle Group on April 22, 2026
- Secured $3.0M revolving credit line with Citibank in February 2026
- Cash and equivalents $5.9M at March 31, 2026; $3.8M post-repurchase
Financial Impact
Revenue doubled YoY to $4.0M; gross margin up 13.7pp to 87.2%; Adjusted EBITDA up 150% to $1.5M
Risk Factors
- EPS declined to $0.06 from $0.33 due to share dilution
- Cash dropped to $3.8M post-repurchase, limiting liquidity
- Dependence on single title (Le Mans Ultimate) for growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3294443 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 4, 2026 7w ago | Court Ruling | $4.80 | awaiting T+60 | — | $4.63 (−3.54%) |
Aug 14, 2026 10w ago | Press Release | $3.88 | awaiting T+60 | — | $4.63 (+19.33%) |
Aug 7, 2026 11w ago | Press Release | $4.35 | awaiting T+60 | — | $4.63 (+6.44%) |
Jul 23, 2026 13w ago | 8-K | $4.18 $5.45 | ▲ +30.38% | ▲ +25.83% | $4.63 (+10.77%) |
Jul 22, 2026 13w ago | Press Release | $4.18 $5.45 | ▲ +30.38% | ▲ +25.83% | $4.63 (+10.77%) |
Jun 26, 2026 17w ago | 8-K | $4.00 $4.23 | ▲ +5.75% | ▲ +1.36% | $4.63 (+15.75%) |
Jun 18, 2026 18w ago | 8-K | $3.99 $4.37 | ▲ +9.52% | ▲ +7.78% | $4.63 (+16.04%) |
May 26, 2026 21w ago | 8-K | $4.18 $3.80 | ▲ +9.09% | ▲ +10.97% | $4.63 (−10.77%) |
May 13, 2026 23w ago | Press Release | $4.50 $4.35 | ▼ −3.33% | ▼ −6.92% | $4.63 (+2.89%) |
Apr 27, 2026 26w ago | Press Release | $4.02 $4.39 | ▲ +9.20% | ▲ +4.43% | $4.63 (+15.17%) |
US Market Status
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