MSGM (Motorsport Games) Operating Income: $4.43 Mil (TTM As of Mar. 2026)

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MSGM Motorsport Games Inc MSGM
53 GF Score
Price $4.05
GF Value $2.00
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Motorsport Games Operating Income?

Motorsport Games MSGM +4.38% 53 Operating Income is $4.43 Mil as of Mar. 2026. GuruFocus rates MSGM with a GF Score™ of 53/100 and a GF Value™ of $2.00 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Motorsport Games's Operating Income for the three months ended in Mar. 2026 was $1.08 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $4.43 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Motorsport Games's Operating Income for the three months ended in Mar. 2026 was $1.08 Mil. Motorsport Games's Revenue for the three months ended in Mar. 2026 was $4.03 Mil. Therefore, Motorsport Games's Operating Margin % for the quarter that ended in Mar. 2026 was 26.89%.

Motorsport Games's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Motorsport Games's annualized ROC % for the quarter that ended in Mar. 2026 was 74.69%. Motorsport Games's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6,529.91%.


Motorsport Games  (NAS:MSGM) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Motorsport Games's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=4.336 * ( 1 - 0% )/( (5.532 + 6.078)/ 2 )
=4.336/5.805
=74.69 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Motorsport Games's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3.82/( ( (0.056 + max(-0.754, 0)) + (0.061 + max(-0.342, 0)) )/ 2 )
=3.82/( ( 0.056 + 0.061 )/ 2 )
=3.82/0.0585
=6,529.91 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.244 + 0 + 0.35) - (2.215 + 1.133 + 4.4408920985006E-16)
=-0.754

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.267 + 0 + 0.938) - (2.647 + 0.899 + 0.00099999999999989)
=-0.342

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Motorsport Games's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=1.084/4.031
=26.89 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Motorsport Games Operating Income Related Terms


Motorsport Games Operating Income Historical Data

* Premium members only.

The historical data trend for Motorsport Games's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Motorsport Games Operating Income Chart

Motorsport Games Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial -34.21 -25.41 -12.37 -5.00 3.25

Motorsport Games Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.09 1.97 0.80 0.58 1.08
MSGM
53GF Score
Motorsport Games Inc MSGM
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Motorsport Games Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $4.43 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $4.43 Mil mean?
Motorsport Games (MSGM) has a Operating Income of $4.43 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Motorsport Games and its competitors.
Is Motorsport Games' Operating Income too high?
Motorsport Games' current Operating Income is $4.43 Mil. Overall, Motorsport Games has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Motorsport Games' Operating Income compare to GIGM and GXAI?
Motorsport Games' Operating Income of $4.43 Mil can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Interactive Media company?
A good Operating Income depends on the Interactive Media industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Motorsport Games and its competitors. Motorsport Games's current Operating Income is $4.43 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Motorsport Games stock overvalued right now?
Based on GuruFocus' analysis, Motorsport Games (MSGM) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.00, compared to a current price of $4.05 — trading 102.5% above its estimated fair value. The current Operating Income is $4.43 Mil. Motorsport Games' overall GF Score™ is 53/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Motorsport Games (MSGM), the current Operating Income is $4.43 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Motorsport Games (MSGM) Overvalued in 2026?

Based on GuruFocus' analysis, Motorsport Games stock appears to be overvalued. The current stock price of $4.05 is trading 102.5% above its estimated GF Value™ of $2.00. GuruFocus considers Motorsport Games to be Significantly Overvalued.

Key valuation signals for MSGM:

  • Operating Income: $4.43 Mil
  • GF Value™: $2.00 vs. price of $4.05 (102.5% above fair value)
  • GF Score™: 53/100 with 4 warning signs

No single metric tells the full story. See the MSGM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Motorsport Games Business Description

Address 3350 SW 148th Avenue, Suite 207, Miramar, FL, USA, 33027
Motorsport Games Inc is a racing game developer, publisher, and esports ecosystem provider of official motorsport racing series, including games based on the 24 Hours of Le Mans endurance race (Le Mans) and the associated FIA World Endurance Championship (the WEC). Its portfolio also includes the KartKraft karting simulation game, as well as Studio 397 B.V. (Studio397) and their rFactor 2 realistic racing simulator technology and platform. The games are developed and published for personal computers (PCs) through various digital channels, including full-game and downloadable content (DLC). Additionally, Motorsport Games organizes esports tournaments, competitions, and events. Its reportable segments are: Gaming, which generates the maximum revenue, and Esports.
53GF Score

Get the complete analysis for MSGM

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$4.05
Price
$2.00
GF Value