v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenues [1] $ 3,539,962 $ 2,591,840 $ 7,571,251 $ 4,350,293
Cost of revenues 644,428 454,887 1,161,565 920,273
Gross profit 2,895,534 2,136,953 6,409,686 3,430,020
Operating expenses:        
Sales and marketing 191,350 126,307 401,669 224,008
Development 737,228 270,343 1,251,565 872,296
General and administrative [2] 1,321,381 865,040 3,020,012 2,033,522
Impairment of intangible assets 27,928 [3]
Depreciation and amortization 7,311 11,697 13,827 29,823
Total operating expenses 2,257,270 1,273,387 4,715,001 3,159,649
Other operating income 1,104,497 1,604,497
Income from operations 638,264 1,968,063 1,694,685 1,874,868
Interest expense, net (15,891) (4,740) (19,096) (17,750)
Other (expense) income, net (379,174) 2,274,849 (480,817) 3,403,667
Net income 243,199 4,238,172 1,194,772 5,260,785
Less: Net (loss) income attributable to non-controlling interest (158,264) (20,228) 477,482 (38,673)
Net income attributable to Motorsport Games Inc. $ 401,463 $ 4,258,400 $ 717,290 $ 5,299,458
Net income attributable to Class A common stock per share:        
Basic $ 0.08 $ 0.82 $ 0.14 $ 1.26
Diluted $ 0.08 $ 0.82 $ 0.13 $ 1.26
Weighted-average shares of Class A common stock outstanding:        
Basic [4],[5] 4,760,598 5,206,536 5,106,520 4,195,047
Diluted 5,255,013 5,206,536 5,570,953 4,195,047
[1] Includes related party revenues of $
[2] Includes related party expenses of $0 and $37,500 for the three months ended June 30, 2026 and 2025, respectively, and $0 and $75,000 for the six months ended June 30, 2026 and 2025, respectively.
[3] The impairment relates to a web domain no longer used.
[4] Includes the weighted average number of 377,836 shares issuable upon the exercise of pre-funded warrants issued on April 11, 2025.
[5] Includes weighted average pre-funded warrant shares. See Note 8 - Share-Based Compensation for more information