4 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 17.0% per year over the past 3 years.
Operating margin has expanded, at -56.1% in the latest year.
Financial health
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$45M
-$40M
43.4%
-56.1%
-$18M
—
$6M
2024
$28M
-$49M
34.3%
-124.8%
-$31M
—
$13M
2023
$41M
-$31M
24.5%
-61.5%
-$16M
—
$3M
2022
$28M
-$18M
34.4%
-65.0%
-$12M
—
$977413
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$15M
-$18M
38.4%
-23.3%
-$6M
—
$4M
Dec '25
$18M
-$31M
45.9%
-78.4%
-$1M
—
$6M
Sep '25
$11M
-$808443
49.4%
-21.2%
-$10M
—
$7M
Jun '25
$16M
-$3M
15.3%
-29.8%
$2M
—
$6M
Mar '25
$7M
-$5M
42.5%
-55.2%
-$9M
—
$6M
Dec '24
$8M
-$26M
25.8%
-259.0%
-$5M
—
$13M
Sep '24
$9M
-$5M
45.3%
-33.8%
-$8M
—
$13M
Jun '24
$18M
-$12M
14.1%
-34.6%
-$10M
—
$13M
Mar '24
$18M
-$5M
19.1%
-35.4%
-$8M
—
$13M
Dec '23
$16M
-$18M
22.5%
-73.1%
—
—
$3M
Sep '23
$12M
-$5M
21.8%
-47.7%
—
—
$3M
Jun '23
$11M
-$4M
24.5%
-48.0%
—
—
$3M
Mar '23
$3M
—
45.8%
-108.0%
—
—
—
Valuation over time
How the market has priced GAME against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 3.1× (Mar '23) to 0.6× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is GAME growing its revenue and profit?
Over the past 3 years, GameSquare Holdings, Inc.'s revenue has grown 17.0% per year. These are computed facts, not advice.
How much debt does GAME have?
As of FY2025, GameSquare Holdings, Inc. reported — of total debt against $6M of cash.
What is GAME's profit margin?
In FY2025, gross margin was 43.4%, operating margin -56.1%, and net margin -89.1%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.