GameSquare Holdings, Inc.

GameSquare Holdings, Inc.

GAME·NASDAQ

$0.61

+7.1%
TechnologyElectronic Gaming & Multimedia

GameSquare Holdings, Inc. is an international digital media, entertainment and technology company. It engages in enabling global brands to connect with gaming and youth culture audiences. Its platform includes Code Red Esports Ltd., Cut+Sew (Zoned), Complexity Gaming, Fourth Frame Studios, Mission Supply, Frankly Media, Stream Hatchet, and Sideqik. The company was founded on April 8, 2011and is headquartered in Frisco, TX.

At a Glance

Live Snapshot
Market Cap$58.12M
EPS-1.7500
P/E Ratio-0.35
Earnings Date04/21/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -0.3).

Valuation inputs: P/E -0.3, earnings yield N/A, momentum +7.1%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +16.6%, ROIC -1.3%).

Profitability stack: net margin -50.7%, ROE +16.6%, ROIC -1.3%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile is elevated and scenario stress-testing is essential.

Risk factors: liabilities/assets +84.8%, momentum +7.1%, net margin -50.7%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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GameSquare Holdings, Inc. Market vs Earnings Trajectory

GAME · NASDAQ

Loading price and EPS data...

GameSquare Holdings, Inc.

GameSquare Holdings, Inc. Fair Value Envelope

GAME · NASDAQ

Our analysis suggests that GAME has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $0.6069, this represents a potential HIDDEN relative to our calculated worth for GameSquare Holdings, Inc..

Intrinsic Value
Current Price: $0.6069
3Y-87.0%
5Y-100.0%
10Y-99.0%
3Y+188.0%
5Y+2180.0%
10Y-
3Y+20.0%
5Y+231.0%
10Y+58637.0%
3Y+1.0%
5Y+554.0%
10Y+23575.0%
3Y-
5Y+529.0%
10Y+23579.0%
3Y+38.0%
5Y+637.0%
10Y+3930526.0%
GameSquare Holdings, Inc.

GameSquare Holdings, Inc. Profit Bridge

GAME · NASDAQ
Revenue96.20M
Cost of Goods Sold (80.92M)
Gross Profit15.27M
Operating Expenses (61.42M)
Operating Income-46.15M
Interest Expense (570.96K)
Other Income/Expense-9.41M
Pretax Income-55.56M
Income Tax (0.00)
Net Income-48.75M
Net Income
-48.75M

Profitability Analysis

Gross Margin

15.9%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

-48.0%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-50.7%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

15.88%
Gross Profit Margin
-35%
3Y-50.0%
5Y-116.0%
10Y-
-47.97%
Operating Profit Margin
-22%
3Y-3.0%
5Y-77.0%
10Y-
-50.68%
Net Profit Margin
-33%
3Y-58.0%
5Y-85.0%
10Y-
1659.30%
Return on Equity
-1074%
3Y-719.0%
5Y+796.0%
10Y-
-61.92%
Return on Assets
28%
3Y-13.0%
5Y-55.0%
10Y-
-129.53%
Return on Invested Capital
75%
3Y+111.0%
5Y-10.0%
10Y-
GAME

GameSquare Holdings, Inc. Cash Conversion Engine

GAME · NASDAQ
Net Income-50.00M
Depreciation & Amortization3.98M
Stock-Based Compensation0.00
Change in Working Capital-413.37K
Others15.86M
Capital Expenditures-5.12K
Free Cash Flow-30.58M

Cash Flow Quality Analysis

FCF Conversion Rate

61.1%

Moderate conversion rate. Some gap between earnings and cash flow may warrant investigation into working capital or non-cash items.

CapEx Intensity

-0.0%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-90.1%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$413.37K

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

game

GameSquare Holdings, Inc. Funding & Solvency Profile

GAME · NASDAQ
Cash & Cash Equivalents6.01M
Net Receivables13.47M
Inventory0.00
Other Current Assets6.74M
Total Current Assets26 M
Property, Plant & Equipment1.64M
Goodwill & Intangible Assets17.81M
Long-Term Investments66.87M
Other Non-Current Assets8.58M
Total Non-Current Assets77 M
Total Assets
121.12M

Financial Health Analysis

Current Ratio

0.65x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

0.54x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

-14081929

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

22% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Negative working capital with limited cash reserves requires immediate attention—potential liquidity crisis if not addressed promptly.

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GameSquare Holdings, Inc. Street Expectations Map

GAME · NASDAQ

No Target Data

No analyst price targets available for game.

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GameSquare Holdings, Inc. Insider Positioning

GAME · NASDAQ

During the last 12 months, there has been no insider trading activity reported for GAME.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

No Dividend Yield Data

GAME has not reported any dividend yield values in the available annual periods.

 

game Dividend History

GAME
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%