Motorsport Games (MSGM)
Builds licensed motorsport games around Le Mans Ultimate and rFactor 2 simulation technology.
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Develops and publishes licensed motorsport racing games, led by Le Mans Ultimate and the rFactor 2 simulation platform. Revenue depends on game sales, downloadable content, RaceControl subscriptions, and retaining or renewing motorsport IP rights.
Builds and publishes licensed motorsport racing games led by Le Mans Ultimate and the owned rFactor 2 simulation platform. KartKraft, RaceControl subscriptions, esports activity, and rFactor 2 technology used in F1 Arcade extend the portfolio beyond a single game.
After selling its NASCAR rights and losing its INDYCAR licences, the business refocused on licensed racing simulation. It is operated from Florida and develops games and partner experiences for official motorsport series. The business depends on retaining or renewing motorsport IP rights, maintaining its rFactor 2 and Studio397 technology base, and converting Le Mans Ultimate, related downloadable content, and RaceControl activity into revenue.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $3.9M · Total debt $1.4M · Total assets $11.3M · Shareholders' equity $3.9M
- Revenue
- $3.5M
- Operating income
- $638.3K
- Net income
- $401.5K
No dividends on record.
| Insiders | 16.35% | 884.2K shares | |
|---|---|---|---|
| 8 holders · as of Aug 3, 2026 | |||
| Strategic holders | 9.82% | 531.4K shares | |
| 1 holder · as of Sep 3, 2026 | |||
| Other | 73.83% | 3.99M shares | |
| remainder | |||
5.41M company shares as of Sep 10, 2026 · holders as of their latest filing
Two share counts disagree (4.59M in the company's Sep 22, 2026 report, 5.41M elsewhere); stakes use the report.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Red Oak Partners, LLCStrategic10 percent owner | 9.82% | 531,360 | filed Sep 3, 2026 |
Mike ZoiInsider10 percent owner | 4.70% | 254,453 | filed Apr 27, 2026 |
Guoquan HuangInsiderdirector | 4.56% | 246,481 | filed Aug 3, 2026 |
Stephen HoodInsiderdirector, officer: Chief Executive Officer | 1.85% | 100,000 | filed Aug 3, 2026 |
John DeltaInsiderdirector | 1.60% | 74,458 · 12,000 | filed Aug 3, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 1, 2026 | Red Oak Partners, LLC | 10 percent owner | +2,149 | $3.95 |
| Aug 31, 2026 | Red Oak Partners, LLC | 10 percent owner | +4,554 | $3.93 |
| Aug 28, 2026 | Red Oak Partners, LLC | 10 percent owner | +4,328 | $3.91 |
| Aug 27, 2026 | Red Oak Partners, LLC | 10 percent owner | +3,280 | $3.90 |
| Aug 21, 2026 | Red Oak Partners, LLC | 10 percent owner | +5,212 | $3.67 |
