Motorsport Games Inc.
For the period ended Aug 14, 2026. Filed Aug 14, 2026.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Aug 14, 2026 · Filed Aug 14, 2026
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Contents
EX-99.1 · Appendix:
Appendix:
The tables below provide reconciliations between net income and adjusted EBITDA, and diluted net income per share and Non-GAAP Adjusted diluted net income per share:
| Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | |
|---|---|---|
| Net income | $243,199 | $4,238,172 |
| Interest expense, net | 15,891 | 4,740 |
| Depreciation and amortization (1) | 237,050 | 253,935 |
| EBITDA | 496,140 | 4,496,847 |
| Gain from Wesco Settlement Agreement | - | (800,000) |
| Loss (gain) on foreign exchange rates | 225,675 | (2,328,115) |
| Stock-based compensation | 37,644 | - |
| Adjusted EBITDA | $759,459 | $1,368,732 |
| (1) | Includes $229,739 and $242,238 of amortization expenses included in cost of revenues for the three months ended June 30, 2026 and 2025, respectively. |
Reconciliation between GAAP and Non-GAAP Adjusted diluted net income per share:
| Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | |
|---|---|---|
| Diluted net income per share | $0.08 | $0.82 |
| Depreciation and amortization | 0.05 | 0.05 |
| Gain from Wesco Settlement Agreement | - | (0.17) |
| Loss (gain) on foreign exchange rates | 0.05 | (0.45) |
| Stock-based compensation | 0.01 | - |
| Non-GAAP Adjusted diluted net income per share | $0.19 | $0.25 |
| Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | |
|---|---|---|
| Net income | $1,194,772 | $5,260,785 |
| Interest expense, net | 19,096 | 17,750 |
| Depreciation and amortization (1) | 413,099 | 505,992 |
| EBITDA | 1,626,967 | 5,784,527 |
| Gain from settlement of purchase commitment liabilities | - | (175,460) |
| Gain from HC2 Holdings 2 Inc. Settlement Agreement | - | (500,000) |
| Gain from Wesco Settlement Agreement | - | (800,000) |
| Impairment of intangible assets | 27,928 | - |
| Loss (gain) on foreign exchange rates | 173,666 | (3,302,878) |
| Stock-based compensation | 412,675 | - |
| Adjusted EBITDA | $2,241,236 | $1,006,189 |
| (1) | Includes $399,271 and $476,169 of amortization expenses included in cost of revenues for the six months ended June 30, 2026 and 2025, respectively. |
Reconciliation between GAAP and Non-GAAP Adjusted diluted net income per share:
| Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | |
|---|---|---|
| Diluted net income per share | $0.13 | $1.26 |
| Depreciation and amortization | 0.08 | 0.12 |
| Gain from settlement of purchase commitment liabilities | - | (0.04) |
| Gain from HC2 Holdings 2 Inc. Settlement Agreement | - | (0.12) |
| Gain from Wesco Settlement Agreement | - | (0.19) |
| Impairment of intangible assets | 0.01 | - |
| Loss (gain) on foreign exchange rates | 0.03 | (0.79) |
| Stock-based compensation | 0.08 | - |
| Non-GAAP Adjusted diluted net income per share | $0.33 | $0.24 |
The following tables provide a comparative summary of the Company’s financial results for the periods presented:
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.