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Stock research / United States / GAME · Services-Amusement & Recreation Services · Nasdaq

GameSquare Holdings, Inc. (GAME)

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GameSquare Holdings, Inc. (GAME) reported revenue of $18 million for Q2 FY2026, the quarter ended 30 June 2026, up 137.2% on the same quarter a year earlier. Net income was -$11 million, and diluted earnings per share $-0.11. The figures are the company's own, from the 10-Q it filed with the SEC on 13 August 2026.

Revenue$18 millionup 137.2%
Net income-$11 million
Diluted EPS$-0.11
QuarterQ2 FY2026ended 30 June 2026

GameSquare Holdings (GAME) in brief

GameSquare Holdings (GAME) reported revenue of $45 million for fiscal 2025, the year ended 31 December 2025, up 63.4% on the year before.
Read moreNet loss was $40 million and the diluted loss per share $0.61. Revenue was $28 million in fiscal 2024, $41 million in fiscal 2023 and $28 million in fiscal 2022. Net income in the same years was a loss of $49 million, a loss of $31 million and a loss of $18 million. GameSquare Holdings had 102 million shares outstanding at the latest filed count. At 30 June 2026 it carried $12 million of debt and $4 million of cash. At the close of 30 October 2026 the market cap of GameSquare Holdings was $254 million.

Ratios

From the filings

ROEn/a
ROCEn/a
Operating marginn/a
Net marginn/a
FCF marginn/a
Interest covern/a
Debt to equity1.22
Cash conversionn/a
Share count, last 12 months161.7%
Sales CAGR, 3 years17.0%
Profit CAGR, 3 yearsn/a
EPS, TTMn/a

At the close of 30 October 2026

Price$2.48
Market cap$254 million
Stock P/En/a
Price to book25.68
EV / EBITDAn/a
Dividend yieldn/a
Market cap / salesn/a
52-week high$5.32
52-week low$1.97
Price, 1 year-52.5%
Price CAGR, 3 years-45.6%
Price CAGR, 5 years-54.6%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of GameSquare Holdings, Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
GAMEgreeksoup.ai
Daily prices to 30 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on GAME

Dividendsno dividend in its filings for fiscal 2022 onward
Filings43 in twelve months: 21 current reports (8-K), about 6 officer or director change; 6 regulation FD disclosure; 5 shareholder vote; 4 other events; 4 material agreement
Planned insider salesno Form 144 notice in twelve months
Options tapeno listed options
13F holders44 funds reported a position for the quarter to 30 June 2026; largest Vanguard Capital Management LLC
Insider trading0 sales and 7 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest1.2 million shares short, 9.68 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 14 quarters

Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024 †Q3 FY2024 †Q4 FY2024 *Q1 FY2025 †Q2 FY2025 †Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue2.811.411.526.317.717.89.351.37.47.811.3n/a14.518.5
Cost of revenue1.58.69.019.514.315.35.146.24.35.55.7n/a8.99.4
Gross profit1.32.82.56.93.42.54.25.13.22.35.6n/a5.69.0
Gross margin46%25%22%26%19%14%45%10%42%29%49%n/a38%49%
R&Dn/a0.70.4n/a0.70.60.51.50.70.70.5n/a0.60.7
Operating income-3.0-5.4-5.5-16.7-6.3-6.2-3.1-30.5-4.1-4.3-2.4n/a-3.4-1.7
Operating margin-108%-48%-48%-63%-35%-35%-34%-60%-55%-55%-21%n/a-23%-9%
Interest expense0.00.10.2n/a0.40.20.1-0.10.0n/an/an/an/an/a
Pre-tax income-3.0-2.6-5.5-20.5-6.8-9.7-3.9-35.2-3.8-4.05.9n/a-17.6-10.5
Net income-4.3-4.1-5.1-17.8-5.3-11.6-5.5-26.4-5.2-3.0-0.8n/a-17.7-10.6
Net margin-156%-36%-44%-68%-30%-65%-59%-51%-69%-39%-7%n/a-122%-58%
Diluted EPS-$0.78-$0.34-$0.42n/a-$0.30-$0.38-$0.18n/a-$0.14-$0.08-$0.01n/a-$0.18-$0.11
Operating cash flow-0.7-6.3-3.3-5.9-8.0-9.6-7.8-5.2-8.61.7-10.4n/a-6.4-2.8
Capital expendituren/an/an/an/a0.00.00.00.00.10.00.0n/a0.00.0
Free cash flown/an/an/an/a-8.0-9.6-7.8-5.2-8.71.7-10.4n/a-6.4-2.8
Buybacksn/an/an/an/an/an/an/an/an/an/an/an/a0.81.2
Shares outstanding30m31m33m13m30m31m32m33m39m39m98m98m96m102m
Filing10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter left blank is one the arithmetic cannot give yet: the annual report changed the basis of the year (a business sold or spun off, a line regrouped), so the year less the three quarters as first filed would not be a quarter of anything. It fills in once the three quarters have been refiled on the new basis. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 4 fiscal years and the trailing twelve months

FY2022FY2023 †FY2024 †FY2025TTM
Revenue28.141.327.545.0n/a
Cost of revenue18.431.218.125.5n/a
Gross profit9.710.19.519.5n/a
Gross margin34.4%24.5%34.3%43.4%n/a
Research and developmentn/a3.11.92.0n/a
Operating income-18.2-25.4-34.4-25.2n/a
Operating margin-65.0%-61.5%-124.8%-56.1%n/a
Interest expense0.20.70.60.2n/a
Pre-tax income-18.4-26.3-34.8-30.0n/a
Income tax-0.3-0.1n/a0.1n/a
Net income-18.1-31.3-48.8-40.1n/a
Net margin-64.5%-75.7%-177.0%-89.1%n/a
Diluted EPS-$3.26-$2.81-$1.75-$0.61n/a
Filing10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2024 to FY2025

FY2024FY2025Share
of the parts, latest year
Agency Revenue12.126.558.9%
Owned and Operated IP10.312.828.4%
SaaS and Managed Services5.24.610.2%
Yieldn/a1.12.5%
Agency RevenueOwned and Operated IPSaaS and Managed ServicesYield
27.5FY202445.0FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service FY2024 to FY2025

FY2024FY2025Share
of the parts, latest year
Marketing Agency11.716.737.0%
Talent Agency1.38.719.4%
Brand Sponsorships1.85.111.3%
Esports5.13.68.1%
Saas3.63.06.6%
Consumer Products Royalties2.02.65.7%
Content0.02.14.7%
SaaS Managed Services1.61.63.6%
DAT Yieldn/a1.12.5%
Consumer Products Merchandise0.40.51.1%
Marketing AgencyTalent AgencyBrand SponsorshipsEsportsSaasConsumer Products RoyaltiesContentOther
27.5FY202445.0FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2024 to FY2025

FY2024FY2025Share
of the parts, latest year
United States23.131.569.9%
Spain3.18.518.9%
Australian/a3.78.1%
United Kingdom1.31.43.0%
United StatesSpainAustraliaUnited Kingdom
27.5FY202445.0FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2022FY2023 †FY2024 †FY2025TTM
Operating cash flow-11.9-16.1-30.6-18.4n/a
Capital expenditure0.00.00.00.1n/a
Free cash flow-12.0-16.1-30.6-18.5n/a
Free cash flow margin-42.6%-38.9%-111.0%-41.1%n/a
Cash from investing0.014.12.7-60.3n/a
Cash from financing6.84.038.072.7n/a
Depreciation and amortisation2.31.91.41.1n/a
Share-based compensation1.61.72.12.9n/a
Buybacksn/an/an/a1.8n/a
Diluted shares, weighted6m11m28m66m95m
Shares outstanding at period end6m13m33m98m102m
Filing10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2022FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity7.318.412.035.79.9
Debt0.012.719.92.012.1
Operating lease liabilities2.42.02.11.20.9
Other liabilities10.631.744.840.536.0
Total liabilities and equity20.264.778.779.358.9
Owned
Fixed assets3.02.50.30.10.1
Goodwilln/a16.312.75.98.6
Intangible assets4.618.615.35.47.5
Cash and equivalents1.03.013.16.44.5
Receivables8.116.521.38.711.3
Other assets3.57.916.052.826.9
Total assets20.264.778.779.358.9
Filing10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/an/a17.0%n/a
Profit growth, compoundedn/an/an/an/a
Return on equity, averagen/a-234.6%-229.6%-112.5%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was GameSquare Holdings' revenue in fiscal 2025?

GameSquare Holdings (GAME) reported revenue of $45 million for fiscal 2025, the year ended 31 December 2025, up 63.4% on the year before.

How much did GameSquare Holdings earn in fiscal 2025?

Net loss was $40 million for fiscal 2025, and the diluted loss per share $0.61.

What is GameSquare Holdings' market cap?

The market cap of GameSquare Holdings was $254 million at the close of 30 October 2026.

How much debt does GameSquare Holdings have?

At 30 June 2026 GameSquare Holdings carried $12 million of debt and $4 million of cash.

Peers: Entertainment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Live Nation Entertainment, Inc. LYV$41.9 billionn/a163.6%3.0%10.8%111.76n/a
TKO Group Holdings, Inc. TKO$34.2 billion63.416.8%18.8%5.1%1.36n/a
Liberty Live Holdings, Inc. LLYVA$9.3 billionn/an/a-12.1%n/an/an/a
Sphere Entertainment Co. SPHR$3.9 billionn/a-3.2%-11.4%23.4%0.35n/a
Atlanta Braves Holdings, Inc. BATRA$3.5 billionn/a-12.5%-9.4%6.8%1.54n/a
Accel Entertainment, Inc. ACEL$921 million16.9320.0%8.2%8.7%2.02n/a
Six Flags Entertainment Corporation FUN$765 millionn/a-1,526.2%-44.2%-3.5%43.34n/a
Reservoir Media, Inc. RSVR$628 million74.042.3%21.2%11.4%1.22n/a
Lucky Strike Entertainment Corp. LUCK$553 millionn/an/a11.0%3.7%n/an/a
GameSquare Holdings, Inc. GAME$254 millionn/an/an/an/a1.22n/a
Venu Holding Corp. VENU$73 millionn/a-34.0%-237.1%5.1%0.49n/a
Warner Music Group Corp. WMGn/an/a78.7%13.7%12.9%5.522.5%
All 36 in Entertainment
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Netflix Inc. NFLX$254.9 billion17.9450.4%31.3%14.7%0.52n/a
Walt Disney Co. DIS$191.6 billion22.877.8%18.4%4.6%0.42n/a
Live Nation Entertainment, Inc. LYV$41.9 billionn/a163.6%3.0%10.8%111.76n/a
TKO Group Holdings, Inc. TKO$34.2 billion63.416.8%18.8%5.1%1.36n/a
DraftKings Inc. DKNG$18.6 billionn/a-29.3%-2.9%15.0%3.26n/a
Life Time Group Holdings, Inc. LTH$10.1 billion24.5212.1%17.4%13.0%0.43n/a
Liberty Live Holdings, Inc. LLYVA$9.3 billionn/an/a-12.1%n/an/an/a
MSG Knickerbockers Corp. MSGS$9.3 billion1,281.83n/a2.5%11.0%n/a1.8%
Churchill Downs Inc. CHDN$6.5 billion14.6733.0%25.5%4.2%3.420.5%
Vail Resorts Inc. MTN$5.4 billion36.6861.3%14.8%-4.3%13.245.8%
Cinemark Holdings, Inc. CNK$4.7 billion23.18n/an/a4.5%n/a0.9%
Planet Fitness, Inc. PLNT$4.0 billion18.16n/a30.9%12.7%n/an/a
Sphere Entertainment Co. SPHR$3.9 billionn/a-3.2%-11.4%23.4%0.35n/a
Madison Square Garden Entertainment Corp. MSGE$3.8 billion58.12144.6%13.3%12.5%12.47n/a
Lionsgate Studios Corp. LION$3.7 billionn/an/an/an/an/an/a
Atlanta Braves Holdings, Inc. BATRA$3.5 billionn/a-12.5%-9.4%6.8%1.54n/a
Onespaworld Holdings Ltd. OSW$3.0 billion35.9514.9%9.1%9.8%0.12n/a
Rush Street Interactive, Inc. RSI$2.8 billion36.7319.3%10.9%38.7%0.00n/a
AMC Entertainment Holdings, Inc. AMC$2.7 billionn/an/a4.4%6.4%n/an/a
FuboTV Inc. FUBO$2.6 billionn/a-4.3%-1.5%117.7%0.46n/a
StubHub Holdings, Inc. STUB$2.2 billionn/a-108.9%-69.7%n/a0.86n/a
Pursuit Attractions & Hospitality, Inc. PRSU$1.5 billion41.507.2%15.1%26.4%0.36n/a
United Parks & Resorts Inc. PRKS$1.4 billion12.13n/a19.2%-3.5%n/an/a
Accel Entertainment, Inc. ACEL$921 million16.9320.0%8.2%8.7%2.02n/a
Marcus Corp. MCS$836 million33.585.2%4.9%8.5%0.31n/a
Six Flags Entertainment Corporation FUN$765 millionn/a-1,526.2%-44.2%-3.5%43.34n/a
Angel Studios, Inc. ANGX$666 millionn/an/a-36.6%n/an/an/a
Reservoir Media, Inc. RSVR$628 million74.042.3%21.2%11.4%1.22n/a
Lucky Strike Entertainment Corp. LUCK$553 millionn/an/a11.0%3.7%n/an/a
Seaport Entertainment Group Inc. SEG$288 millionn/a-30.9%-101.2%2.8%0.09n/a
GameSquare Holdings, Inc. GAME$254 millionn/an/an/an/a1.22n/a
Xponential Fitness, Inc. XPOF$221 millionn/an/a6.2%-9.0%n/an/a
CuriosityStream Inc. CURI$153 millionn/a0.1%-0.3%24.9%0.0012.5%
Venu Holding Corp. VENU$73 millionn/a-34.0%-237.1%5.1%0.49n/a
Gaia, Inc. GAIA$37 millionn/a-6.8%-6.7%3.4%0.07n/a
Warner Music Group Corp. WMGn/an/a78.7%13.7%12.9%5.522.5%
11 companies share its SEC industry code (Services-Amusement & Recreation Services); the rest are the names nearest in size in its wider industry, Entertainment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202613 August 2026EDGAR
10-Q31 March 202614 May 2026EDGAR
10-K31 December 20258 April 2026EDGAR
10-Q30 September 202514 November 2025EDGAR
10-Q30 June 202514 August 2025EDGAR
10-Q31 March 202515 May 2025EDGAR
10-K/A31 December 202430 April 2025EDGAR
10-K31 December 202415 April 2025EDGAR
10-Q30 September 202414 November 2024EDGAR
10-Q30 June 202415 August 2024EDGAR