Revenue
18.5 million USD
2026 Q2 · USD
Exact inputs and evidence
- Revenue: 18475300 USD Source
Fundies. English
GameSquare Holdings, Inc.
EDGARAnnual consolidated revenue for 2025: about USD 45M, using the latest reported figures. The previous period, 2024, was about USD 27.54M.
Latest quarter
Operating margin
-9.26%
2026 Q2 · %
Operating cash flow
-2.77 million USD
2026 Q2 · USD
Free cash flow
-2.77 million USD
2026 Q2 · USD
- Cash and cash equivalents
- 2.45 million USD Source
Exact value
2447065 USD
- Long-term debt including current maturities
- Not available
- Shares outstanding
- 102 million shares Source
Exact value
102371390 shares
Reported share-count change
161.66% · 63.2 million shares
Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Revenue
62.8 million USD
2025-07-01 – 2026-06-30
Net income
-60.3 million USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
Operating cash flow
-20.7 million USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
- Operating cash flow: -17255117 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: -6883147 USD · 2025-01-01 – 2025-06-30 Source
- Operating cash flow: -18398201 USD · 2025-01-01 – 2025-12-31 Source
- Operating cash flow: -17255117 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: -6419263 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: -9185989 USD · 2026-01-01 – 2026-06-30 Source
- Operating cash flow: -6419263 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure
9.32 thousand USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
- Capital expenditure: 77014 USD · 2025-01-01 – 2025-09-30 Source
- Capital expenditure: 77014 USD · 2025-01-01 – 2025-06-30 Source
- Capital expenditure: 77115 USD · 2025-01-01 – 2025-12-31 Source
- Capital expenditure: 77014 USD · 2025-01-01 – 2025-09-30 Source
- Capital expenditure: 3163 USD · 2026-01-01 – 2026-03-31 Source
- Capital expenditure: 9214 USD · 2026-01-01 – 2026-06-30 Source
- Capital expenditure: 3163 USD · 2026-01-01 – 2026-03-31 Source
Free cash flow
-20.7 million USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
- Operating cash flow: -17255117 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: -6883147 USD · 2025-01-01 – 2025-06-30 Source
- Operating cash flow: -18398201 USD · 2025-01-01 – 2025-12-31 Source
- Operating cash flow: -17255117 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: -6419263 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: -9185989 USD · 2026-01-01 – 2026-06-30 Source
- Operating cash flow: -6419263 USD · 2026-01-01 – 2026-03-31 Source
- Capital expenditure: 77014 USD · 2025-01-01 – 2025-09-30 Source
- Capital expenditure: 77014 USD · 2025-01-01 – 2025-06-30 Source
- Capital expenditure: 77115 USD · 2025-01-01 – 2025-12-31 Source
- Capital expenditure: 77014 USD · 2025-01-01 – 2025-09-30 Source
- Capital expenditure: 3163 USD · 2026-01-01 – 2026-03-31 Source
- Capital expenditure: 9214 USD · 2026-01-01 – 2026-06-30 Source
- Capital expenditure: 3163 USD · 2026-01-01 – 2026-03-31 Source
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-10-26.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 7 of 11 periods available· newest 2025-12-31
- Operating income: 4 of 11 periods available· newest 2025-12-31
- Net income: 4 of 11 periods available· newest 2025-12-31
- Operating cash flow: 7 of 11 periods available· newest 2025-12-31
- Capital expenditure: 7 of 11 periods available· newest 2025-12-31
- Total assets: 7 of 11 periods available· newest 2025-12-31
- Total liabilities: 7 of 11 periods available· newest 2025-12-31
- Current assets: 7 of 11 periods available· newest 2025-12-31
- Current liabilities: 7 of 11 periods available· newest 2025-12-31
- Cash and cash equivalents: 4 of 11 periods available· newest 2022-12-31
- long term debt: No compatible figures in this window
- Shares outstanding: 4 of 11 periods available· newest 2025-12-31
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
+63.4%Prior period
USD 27.54 million
–
Current period
USD 45 million
–
Exact inputs and evidence
44999302 − 27543856 = 17455446 USD
27543856 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source44999302 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
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Net income
+USD 8.65 millionPrior period
−USD 48.75 million
–
Current period
−USD 40.1 million
–
Exact inputs and evidence
-40100483 − -48750907 = 8650424 USD
-48750907 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source-40100483 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+USD 12.17 millionPrior period
−USD 30.57 million
–
Current period
−USD 18.4 million
–
Exact inputs and evidence
-18398201 − -30570244 = 12172043 USD
-30570244 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source-18398201 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
+1,407%Prior period
USD 5,117
–
Current period
USD 77,115
–
Exact inputs and evidence
77115 − 5117 = 71998 USD
5117 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source77115 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2025-01-01 – 2025-12-31
- Revenue USD 45 million 100% of revenue
- Cost of revenue USD 25.48 million 57% of revenue
- Operating expenses USD 44.75 million 99% of revenue
- Operating income −USD 25.24 million −56% of revenue
- Tax, interest and other Derived USD 14.87 million 33% of revenue
- Net income −USD 40.1 million −89% of revenue
Cash
- Operating cash flow −USD 18.4 million −41% of revenue
- Capital expenditure USD 77,115 0.2% of revenue
- Free cash flow Derived −USD 18.48 million −41% of revenue
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2020 Not shown: operating income or net income is not reported.
- 2021 Not shown: operating income or net income is not reported.
- 2022 Not shown: operating income or net income is not reported.
- 2022 Operating loss: operating costs were 165% of revenue.
- 2023 Operating loss: operating costs were 161% of revenue.
- 2024 Operating loss: operating costs were 225% of revenue.
- 2025 Operating loss: operating costs were 156% of revenue.
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2020 2019-09-01 – 2020-08-31 | 10545843 | Unavailable | Unavailable | Unavailable | Unavailable | -13201224 Derived | Source
|
| 2021 2020-09-01 – 2021-08-31 | 33345268 | Unavailable | Unavailable | Unavailable | Unavailable | -30527516 Derived | Source
|
| 2022 2021-09-01 – 2022-08-31 | 41882613 | Unavailable | Unavailable | Unavailable | Unavailable | -20408602 Derived | Source
|
| 2022 2022-01-01 – 2022-12-31 | 28082009 | 46329368 Derived | -18247359 | -126513 Derived | -18120846 | -11955399 Derived | Source
|
| 2023 2023-01-01 – 2023-12-31 | 41303381 | 66686286 Derived | -25382905 | 5899522 Derived | -31282427 | -16080509 Derived | Source
|
| 2024 2024-01-01 – 2024-12-31 | 27543856 | 61917137 Derived | -34373281 | 14377626 Derived | -48750907 | -30575361 Derived | Source
|
| 2025 2025-01-01 – 2025-12-31 | 44999302 | 70234588 Derived | -25235286 | 14865197 Derived | -40100483 | -18475316 Derived | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 45M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2020 | Revenue | 10545843 |
|
| 2021 | Revenue | 33345268 |
|
| 2022 | Revenue | 41882613 |
|
| 2022 | Revenue | 28082009 |
|
| 2023 | Revenue | 41303381 |
|
| 2024 | Revenue | 27543856 |
|
| 2025 | Revenue | 44999302 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
63.4% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2020 | Year over year | No prior comparable period |
|
| 2021 | Year over year | 216.2% |
|
| 2022 | Year over year | 25.6% |
|
| 2022 | Year over year | No prior comparable period |
|
| 2023 | Year over year | 47.1% |
|
| 2024 | Year over year | -33.3% |
|
| 2025 | Year over year | 63.4% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin -56.1% 2025
Net margin -89.1% 2025
Free cash flow margin -41.1% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2020-08-31 | Operating margin | Not reported |
|
| 2021-08-31 | Operating margin | Not reported |
|
| 2022-08-31 | Operating margin | Not reported |
|
| 2022 | Operating margin | -65% |
|
| 2023 | Operating margin | -61.5% |
|
| 2024 | Operating margin | -124.8% |
|
| 2025 | Operating margin | -56.1% |
|
| 2020-08-31 | Net margin | Not reported |
|
| 2021-08-31 | Net margin | Not reported |
|
| 2022-08-31 | Net margin | Not reported |
|
| 2022 | Net margin | -64.5% |
|
| 2023 | Net margin | -75.7% |
|
| 2024 | Net margin | -177% |
|
| 2025 | Net margin | -89.1% |
|
| 2020 | Free cash flow margin | -125.2% |
|
| 2021 | Free cash flow margin | -91.5% |
|
| 2022 | Free cash flow margin | -48.7% |
|
| 2022 | Free cash flow margin | -42.6% |
|
| 2023 | Free cash flow margin | -38.9% |
|
| 2024 | Free cash flow margin | -111% |
|
| 2025 | Free cash flow margin | -41.1% |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD -18.4M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2020 | Operating cash flow | -13090844 |
|
| 2021 | Operating cash flow | -30339346 |
|
| 2022 | Operating cash flow | -20329904 |
|
| 2022 | Operating cash flow | -11924148 |
|
| 2023 | Operating cash flow | -16078270 |
|
| 2024 | Operating cash flow | -30570244 |
|
| 2025 | Operating cash flow | -18398201 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
USD -18.5M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2020 | Free cash flow | -13201224 |
|
| 2021 | Free cash flow | -30527516 |
|
| 2022 | Free cash flow | -20408602 |
|
| 2022 | Free cash flow | -11955399 |
|
| 2023 | Free cash flow | -16080509 |
|
| 2024 | Free cash flow | -30575361 |
|
| 2025 | Free cash flow | -18475316 |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
55% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2020 | Liabilities / assets | 123.3% |
|
| 2021 | Liabilities / assets | 73.2% |
|
| 2022 | Liabilities / assets | 63.1% |
|
| 2022 | Liabilities / assets | 64% |
|
| 2023 | Liabilities / assets | 71.6% |
|
| 2024 | Liabilities / assets | 84.8% |
|
| 2025 | Liabilities / assets | 55% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
0.54× 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2020 | Current assets / current liabilities | 0.29× |
|
| 2021 | Current assets / current liabilities | 0.97× |
|
| 2022 | Current assets / current liabilities | 1.01× |
|
| 2022 | Current assets / current liabilities | 0.96× |
|
| 2023 | Current assets / current liabilities | 0.61× |
|
| 2024 | Current assets / current liabilities | 0.67× |
|
| 2025 | Current assets / current liabilities | 0.54× |
|
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2020 2019-09-01 – 2020-08-31 | Unavailable Not reported for this period. | −USD 13.09 million Exact valueExact value: -13090844 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 110,380 Exact valueExact value: 110380 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 13.2 million Calculation and evidence-13090844 − 110380 USD Exact free cash flow: -13201224 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2021 2020-09-01 – 2021-08-31 | Unavailable Not reported for this period. | −USD 30.34 million Exact valueExact value: -30339346 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 188,170 Exact valueExact value: 188170 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 30.53 million Calculation and evidence-30339346 − 188170 USD Exact free cash flow: -30527516 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2022 2021-09-01 – 2022-08-31 | Unavailable Not reported for this period. | −USD 20.33 million Exact valueExact value: -20329904 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 78,698 Exact valueExact value: 78698 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 20.41 million Calculation and evidence-20329904 − 78698 USD Exact free cash flow: -20408602 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2022 2022-01-01 – 2022-12-31 | −USD 18.12 million Exact valueExact value: -18120846 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 11.92 million Exact valueExact value: -11924148 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 31,251 Exact valueExact value: 31251 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 11.96 million Calculation and evidence-11924148 − 31251 USD Exact free cash flow: -11955399 USD
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| 2023 2023-01-01 – 2023-12-31 | −USD 31.28 million Exact valueExact value: -31282427 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 16.08 million Exact valueExact value: -16078270 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2,239 Exact valueExact value: 2239 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 16.08 million Calculation and evidence-16078270 − 2239 USD Exact free cash flow: -16080509 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2024 2024-01-01 – 2024-12-31 | −USD 48.75 million Exact valueExact value: -48750907 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 30.57 million Exact valueExact value: -30570244 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 5,117 Exact valueExact value: 5117 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 30.58 million Calculation and evidence-30570244 − 5117 USD Exact free cash flow: -30575361 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2025 2025-01-01 – 2025-12-31 | −USD 40.1 million Exact valueExact value: -40100483 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 18.4 million Exact valueExact value: -18398201 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 77,115 Exact valueExact value: 77115 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 18.48 million Calculation and evidence-18398201 − 77115 USD Exact free cash flow: -18475316 USD
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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
132 filings · 2,620 latest values · 2,620 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001714562, 1714562, GAME, edgar:1714562
Also known as ENGINE GAMING AND MEDIA, INC., Engine Gaming & Media, Inc., Engine Gaming and Media, Inc., Engine Media Holdings, Inc., GAMESQUARE HOLDINGS, INC, GAMESQUARE HOLDINGS, INC., GameSquare Holdings, Inc., Millennial Esports Corp., Torque Esports Corp.