GAME · GameSquare Holdings, Inc.
GameSquare Holdings, Inc. operates as a media, entertainment, and technology company. The company transforms brands and publishers connect with Gen Z, Gen Alpha, and Millennial audiences. Its platform covers creative services, analytics solutions, and FaZe Clan. The company is headquartered in Frisco, Texas.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $0.39 |
| SO | 93.7M |
| Options | 1.0M |
| Warrants | 0.0M |
| FD SO | 94.7M |
| MC | $37.3M |
| Cash | $4.2M |
| Total debt | $9.5M |
| EV | $42.6M |
| TTM Multiples | |
|---|---|
| EV / Revenue | 0.7x |
| EV / EBITDA | — |
| MC / Net Income | — |
| EV / FCF | — |
| MC / FCF | — |
| Ownership & coverage | |
|---|---|
| Institutional | 19.5% |
| Insiders | 13.8% |
| # Institutions | 43 |
| Analysts | 3 |
| Consensus | — |
| Avg target | $1.42 |
| Short % float | 3.5% |
| Days to cover | 2.73 |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-05-14. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.
Financial statements
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Total Revenue | 14.50 | 18.46 | 11.32 | 15.85 |
| Revenue YoY % | (31.3%) | (75.8%) | 21.6% | (11.1%) |
| Cost of Revenue | 8.93 | 9.98 | 5.72 | 13.43 |
| Gross Profit | 5.57 | 8.47 | 5.59 | 2.43 |
| Gross Profit YoY % | 67.2% | 8.9% | 32.7% | (3.8%) |
| Gross Margin % | 38.4% | 45.9% | 49.4% | 15.3% |
| SG&A | 6.58 | 7.24 | 7.63 | 5.57 |
| R&D | 0.61 | 0.50 | 0.52 | 0.56 |
| Operating Expense | 8.95 | 22.94 | 7.99 | 7.15 |
| Operating Income | (3.37) | (14.47) | (2.39) | (4.72) |
| Operating Income YoY % | 52.6% | 54.1% | 23.9% | 23.6% |
| Operating Margin % | (23.3%) | (78.4%) | (21.2%) | (29.8%) |
| EBITDA | (2.94) | (14.08) | (2.12) | (4.42) |
| EBITDA Margin % | (20.3%) | (76.3%) | (18.8%) | (27.9%) |
| Other Income / (Expense) | (14.33) | (16.65) | 1.58 | 1.70 |
| Pretax Income | (17.70) | (31.12) | (0.81) | (3.02) |
| Net Income | (17.70) | (31.12) | (0.81) | (3.02) |
| Net Margin % | (122.1%) | (168.6%) | (7.1%) | (19.0%) |
| Diluted EPS | -$0.18 | -$0.45 | -$0.01 | -$0.08 |
| Basic EPS | -$0.18 | -$0.45 | -$0.01 | -$0.08 |
| Diluted Avg Shares | 97.3 | — | 87.9 | 39.0 |
| Basic Avg Shares | 97.3 | — | 87.9 | 39.0 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Total Revenue | 60.13 | 45.00 | 96.20 | 41.30 | 28.08 |
| Revenue YoY % | 33.6% | (53.2%) | 132.9% | 47.1% | — |
| Cost of Revenue | 38.06 | 25.48 | 80.92 | 31.20 | 18.43 |
| Gross Profit | 22.06 | 19.52 | 15.27 | 10.10 | 9.66 |
| Gross Profit YoY % | 13.1% | 27.8% | 51.2% | 4.6% | — |
| Gross Margin % | 36.7% | 43.4% | 15.9% | 24.5% | 34.4% |
| SG&A | 27.03 | 25.19 | 34.21 | 19.89 | 24.54 |
| R&D | 2.19 | 2.05 | 3.25 | 3.07 | — |
| Operating Expense | 47.02 | 40.21 | 61.42 | 35.48 | 27.90 |
| Operating Income | (24.96) | (20.69) | (46.15) | (25.38) | (18.25) |
| Operating Income YoY % | (20.6%) | 55.2% | (81.8%) | (39.1%) | — |
| Operating Margin % | (41.5%) | (46.0%) | (48.0%) | (61.5%) | (65.0%) |
| EBITDA | (23.56) | (19.57) | (42.91) | (23.49) | (15.94) |
| EBITDA Margin % | (39.2%) | (43.5%) | (44.6%) | (56.9%) | (56.8%) |
| Interest Expense | — | 0.24 | 0.51 | 0.70 | 0.17 |
| Other Income / (Expense) | (27.69) | (21.12) | (7.65) | (5.26) | — |
| Pretax Income | (52.65) | (42.05) | (54.31) | (31.34) | (18.41) |
| Tax Provision | — | 0.06 | — | (0.06) | (0.30) |
| Net Income | (52.65) | (42.12) | (54.31) | (31.28) | (18.11) |
| Net Income to Common | (52.65) | (40.10) | (48.75) | (31.28) | (18.12) |
| Net Margin % | (87.6%) | (93.6%) | (56.5%) | (75.7%) | (64.5%) |
| Diluted EPS | -$0.72 | -$0.61 | -$1.75 | -$2.81 | -$3.26 |
| Basic EPS | -$0.72 | -$0.61 | -$1.75 | -$2.81 | -$3.26 |
| Diluted Avg Shares | 97.3 | 65.7 | 27.9 | 11.1 | 5.6 |
| Basic Avg Shares | 97.3 | 65.7 | 27.9 | 11.1 | 5.6 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 4.20 | 6.37 | 7.49 | 6.49 |
| Receivables | 10.69 | 8.73 | 13.27 | 12.95 |
| Other Current Assets | 23.95 | 7.10 | 5.46 | 1.18 |
| Total Current Assets | 38.84 | 22.21 | 26.22 | 20.62 |
| Net PPE | 0.11 | 0.11 | 0.14 | 0.12 |
| Operating Lease ROU | 1.29 | 1.40 | 1.50 | 1.60 |
| Goodwill | 8.62 | 5.91 | 4.22 | 5.56 |
| Intangible Assets | 7.98 | 5.41 | 6.68 | 5.23 |
| Other Assets | 11.37 | 44.25 | 82.36 | 10.95 |
| Total Assets | 68.21 | 79.30 | 121.12 | 44.09 |
| Accounts Payable | 20.63 | 21.93 | 18.45 | 26.13 |
| Current Debt | — | — | — | 1.25 |
| Current Lease Liabilities | 0.45 | 0.44 | 0.43 | 0.43 |
| Other Current Liabilities | 23.43 | 18.51 | 21.42 | 20.45 |
| Total Current Liabilities | 44.51 | 40.88 | 40.30 | 48.26 |
| Long-term Lease Liabilities | 1.04 | 1.15 | 1.27 | 1.37 |
| Other Liabilities | 3.16 | 1.62 | 0.81 | — |
| Total Liabilities | 48.71 | 43.65 | 42.38 | 49.63 |
| Mezzanine Equity | 1.77 | — | — | — |
| Retained Earnings | (179.98) | (162.27) | (131.15) | (130.35) |
| Total Equity | 17.73 | 35.65 | 78.74 | (5.54) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 4.20 | 6.37 | 13.15 | 2.99 | 0.98 |
| Receivables | 10.69 | 8.73 | 21.33 | 16.46 | 8.11 |
| Other Current Assets | 23.95 | 7.10 | 1.99 | 2.79 | 1.00 |
| Total Current Assets | 38.84 | 22.21 | 36.47 | 22.24 | 10.10 |
| Net PPE | 0.11 | 0.11 | 0.30 | 2.46 | 3.00 |
| Operating Lease ROU | 1.29 | 1.40 | 2.57 | 2.16 | 2.50 |
| Goodwill | 8.62 | 5.91 | 12.70 | 16.30 | — |
| Intangible Assets | 7.98 | 5.41 | 15.27 | 18.57 | 4.61 |
| Other Assets | 11.37 | 44.25 | 11.41 | 2.97 | — |
| Total Assets | 68.21 | 79.30 | 78.73 | 64.71 | 20.20 |
| Accounts Payable | 20.63 | 21.93 | 27.35 | 23.49 | 4.85 |
| Current Debt | — | — | 15.37 | 7.05 | — |
| Current Lease Liabilities | 0.45 | 0.44 | 0.75 | 0.37 | 0.34 |
| Other Current Liabilities | 23.43 | 18.51 | 11.29 | 5.27 | 5.34 |
| Total Current Liabilities | 44.51 | 40.88 | 54.76 | 36.18 | 10.52 |
| Long-term Lease Liabilities | 1.04 | 1.15 | 2.05 | 1.99 | 2.36 |
| Other Liabilities | 3.16 | 1.62 | 9.91 | 8.18 | — |
| Total Liabilities | 48.71 | 43.65 | 66.73 | 46.35 | 12.94 |
| Mezzanine Equity | 1.77 | — | — | — | — |
| Retained Earnings | (179.98) | (162.27) | (122.17) | (73.42) | (42.14) |
| Total Equity | 17.73 | 35.65 | 12.00 | 18.36 | 7.27 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Net Income | (17.70) | (31.12) | (0.81) | (3.02) |
| D&A | 0.43 | 0.39 | 0.27 | 0.30 |
| Stock-Based Comp | 0.53 | 0.98 | 1.87 | 0.01 |
| Δ Working Cap & Other | 10.33 | 28.61 | (11.71) | 4.41 |
| Operating Cash Flow | (6.42) | (1.14) | (10.37) | 1.70 |
| CapEx | (0.00) | (0.00) | 0.00 | (0.00) |
| Other Investing | (2.51) | 1.43 | (60.74) | (0.64) |
| Investing Cash Flow | (2.52) | 1.43 | (60.74) | (0.64) |
| Stock Buyback | (0.77) | — | — | — |
| Other Financing | 7.50 | (1.32) | 72.04 | — |
| Financing Cash Flow | 6.73 | (1.32) | 72.04 | 0.49 |
| Free Cash Flow | (6.42) | (1.14) | (10.37) | 1.70 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Net Income | (52.65) | (42.12) | (54.31) | (31.28) | (18.11) |
| D&A | 1.40 | 1.12 | 3.24 | 1.89 | 2.31 |
| Stock-Based Comp | 3.38 | 2.88 | 2.14 | 1.74 | 1.60 |
| Δ Working Cap & Other | 31.64 | 19.72 | 18.36 | 11.58 | 2.28 |
| Operating Cash Flow | (16.24) | (18.40) | (30.57) | (16.08) | (11.92) |
| CapEx | (0.00) | (0.08) | (0.01) | (0.00) | (0.03) |
| Other Investing | (62.46) | (60.25) | 2.71 | 14.08 | — |
| Investing Cash Flow | (62.47) | (60.33) | 2.71 | 14.07 | 0.02 |
| Stock Issuance | — | 77.85 | — | — | — |
| Stock Buyback | — | (1.78) | — | — | — |
| Other Financing | 77.93 | (3.41) | 37.97 | 3.95 | 6.84 |
| Financing Cash Flow | 77.93 | 72.66 | 37.97 | 3.95 | 6.84 |
| Free Cash Flow | (16.24) | (18.48) | (30.58) | (16.08) | (11.96) |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Current Ratio | 0.87 | 0.54 | 0.65 | 0.43 |
| Quick Ratio | — | — | — | — |
| Debt / Equity | 2.75 | 1.22 | 0.54 | -8.95 |
| EBITDA Margin % | (20.3%) | (76.3%) | (18.8%) | (27.9%) |
| Working Capital | (5.66) | (18.67) | (14.08) | (27.63) |
| Net Debt | — | — | — | — |
| ROE % | (99.8%) | (87.3%) | (1.0%) | 54.5% |
| ROA % | (26.0%) | (39.2%) | (0.7%) | (6.8%) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Current Ratio | 0.87 | 0.54 | 0.67 | 0.61 | 0.96 |
| Quick Ratio | — | — | — | — | — |
| Debt / Equity | 2.75 | 1.22 | 5.56 | 2.52 | 1.78 |
| EBITDA Margin % | (39.2%) | (43.5%) | (44.6%) | (56.9%) | (56.8%) |
| Working Capital | (5.66) | (18.67) | (18.29) | (13.93) | (0.42) |
| Net Debt | — | — | — | — | — |
| ROE % | (296.9%) | (118.1%) | (452.4%) | (170.4%) | (249.2%) |
| ROA % | (77.2%) | (53.1%) | (69.0%) | (48.3%) | (89.6%) |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-05-27 | Blue & Silver Ventures, Ltd. | Other (See Footnote (1)) | 2026-05-27 | P | 144,346 | $0.42 | $60,308 |
| 2026-05-27 | Blue & Silver Ventures, Ltd. | Other (See Footnote (1)) | 2026-05-26 | P | 620,100 | $0.43 | $268,565 |
| 2026-05-27 | Blue & Silver Ventures, Ltd. | Other (See Footnote (1)) | 2026-05-22 | J | 1,371,439 | — | $0 |
| 2026-05-27 | Blue & Silver Ventures, Ltd. | Other (See Footnote (1)) | 2026-05-22 | J | 205,716 | — | $0 |
| 2026-04-27 | Blue & Silver Ventures, Ltd. | Other (See Footnote (1)) | 2026-04-27 | P | 84,552 | $0.60 | $50,731 |
| 2026-04-27 | Blue & Silver Ventures, Ltd. | Other (See Footnote (1)) | 2026-04-24 | P | 417,813 | $0.60 | $250,688 |
| 2026-04-27 | Blue & Silver Ventures, Ltd. | Other (See Footnote (1)) | 2026-04-23 | P | 922,890 | $0.60 | $553,734 |
| 2026-04-27 | Blue & Silver Ventures, Ltd. | Other (See Footnote (1)) | 2026-04-22 | P | 809,109 | $0.58 | $469,283 |
| 2026-04-24 | Gorman Jeremi | Director | 2025-12-04 | M | 100,000 | — | $0 |
| 2026-04-24 | Gorman Jeremi | Director | 2025-12-04 | A | 100,000 | — | $0 |
| 2026-04-24 | Gorman Jeremi | Director | 2025-12-04 | M | 100,000 | — | $0 |
| 2026-04-24 | Gorman Jeremi | Director | 2025-09-19 | P | 65,897 | $0.76 | $50,082 |
| 2026-02-10 | Kenna Justin | Director, Officer (CEO and Director) | 2026-02-04 | M | 625,000 | — | $0 |
| 2026-02-10 | Kenna Justin | Director, Officer (CEO and Director) | 2026-02-04 | M | (500,000) | — | $-0 |
| 2026-02-10 | Kenna Justin | Director, Officer (CEO and Director) | 2026-02-04 | M | (125,000) | — | $-0 |
| 2026-01-05 | Schwartz Louis | Director, Officer (Former President and Chairman) | 2026-01-02 | M | 174,324 | — | $0 |
| 2026-01-05 | Schwartz Louis | Director, Officer (Former President and Chairman) | 2025-12-31 | M | (174,324) | — | $-0 |
| 2025-12-09 | Blue & Silver Ventures, Ltd. | 10% Owner | 2025-12-04 | M | 150,000 | — | $0 |
| 2025-12-09 | Blue & Silver Ventures, Ltd. | 10% Owner | 2025-12-04 | A | 150,000 | — | $0 |
| 2025-12-09 | Blue & Silver Ventures, Ltd. | 10% Owner | 2025-12-04 | M | 150,000 | — | $0 |
| 2025-12-09 | Porter Stuart D | Director | 2025-12-04 | M | 150,000 | — | $0 |
| 2025-12-09 | Porter Stuart D | Director | 2025-12-04 | A | 150,000 | — | $0 |
| 2025-12-09 | Porter Stuart D | Director | 2025-12-04 | M | 150,000 | — | $0 |
| 2025-12-08 | Hamilton Paul | Director | 2025-12-04 | M | 150,000 | — | $0 |
| 2025-12-08 | Hamilton Paul | Director | 2025-12-04 | A | 150,000 | — | $0 |
| 2025-12-08 | Hamilton Paul | Director | 2025-12-04 | M | 150,000 | — | $0 |
| 2025-12-08 | Schwartz Louis | Director, Officer (President and Chairman) | 2025-12-04 | M | 150,000 | — | $0 |
| 2025-12-08 | Schwartz Louis | Director, Officer (President and Chairman) | 2025-12-04 | M | 116,216 | — | $0 |
| 2025-12-08 | Schwartz Louis | Director, Officer (President and Chairman) | 2025-12-04 | A | 150,000 | — | $0 |
| 2025-12-08 | Schwartz Louis | Director, Officer (President and Chairman) | 2025-12-04 | M | 150,000 | — | $0 |
| 2025-12-08 | Schwartz Louis | Director, Officer (President and Chairman) | 2025-12-04 | M | 116,216 | — | $0 |
| 2025-12-08 | Kenna Justin | Director, Officer (CEO and Director) | 2025-12-04 | M | 200,000 | — | $0 |
| 2025-12-08 | Kenna Justin | Director, Officer (CEO and Director) | 2025-12-04 | M | 225,000 | — | $0 |
| 2025-12-08 | Kenna Justin | Director, Officer (CEO and Director) | 2025-12-04 | M | 116,216 | — | $0 |
| 2025-12-08 | Kenna Justin | Director, Officer (CEO and Director) | 2025-12-04 | A | 200,000 | — | $0 |
| 2025-12-08 | Kenna Justin | Director, Officer (CEO and Director) | 2025-12-04 | M | 200,000 | — | $0 |
| 2025-12-08 | Kenna Justin | Director, Officer (CEO and Director) | 2025-12-04 | M | 225,000 | — | $0 |
| 2025-12-08 | Kenna Justin | Director, Officer (CEO and Director) | 2025-12-04 | M | 116,216 | — | $0 |
| 2025-12-08 | Lewin Nick | Other (former director) | 2025-12-04 | M | 150,000 | — | $0 |
| 2025-12-08 | Lewin Nick | Other (former director) | 2025-12-04 | A | 150,000 | — | $0 |
| 2025-12-08 | Lewin Nick | Other (former director) | 2025-12-04 | M | 150,000 | — | $0 |
| 2025-12-08 | Goff Travis | Director | 2025-12-04 | A | 200,000 | — | $0 |
| 2025-11-18 | Schwartz Louis | Director, Officer (President and Chairman) | 2025-07-11 | A | 464,863 | — | $0 |
| 2025-11-18 | Munoz Michael Patrick | Officer (Chief Financial Officer) | 2025-07-11 | A | 129,128 | — | $0 |
| 2025-11-18 | Kenna Justin | Director, Officer (CEO and Director) | 2025-07-11 | A | 464,863 | — | $0 |
| 2025-11-18 | Kenna Justin | Director, Officer (CEO and Director) | 2025-07-11 | A | 225,000 | — | $0 |
| 2025-07-15 | Kenna Justin | Director, Officer (CEO and Director) | 2025-07-11 | A | 1,045,712 | — | $0 |
| 2025-07-15 | Kenna Justin | Director, Officer (CEO and Director) | 2025-07-11 | A | 464,863 | — | $0 |
| 2025-07-15 | Kenna Justin | Director, Officer (CEO and Director) | 2025-07-11 | A | 150,000 | — | $0 |
| 2025-07-15 | Kenna Justin | Director, Officer (CEO and Director) | 2025-07-11 | A | 225,000 | — | $0 |
| 2025-07-15 | Schwartz Louis | Director, Officer (President and Chairman) | 2025-07-11 | A | 1,045,712 | — | $0 |
| 2025-07-15 | Schwartz Louis | Director, Officer (President and Chairman) | 2025-07-11 | A | 464,863 | — | $0 |
| 2025-07-15 | Munoz Michael Patrick | Officer (Chief Financial Officer) | 2025-07-11 | A | 301,249 | — | $0 |
| 2025-07-15 | Munoz Michael Patrick | Officer (Chief Financial Officer) | 2025-07-11 | A | 129,128 | — | $0 |
| 2024-10-21 | Blue & Silver Ventures, Ltd. | 10% Owner | 2024-10-17 | A | 129,246 | — | $0 |
| 2024-08-20 | Goff Travis | Director | 2024-08-16 | A | 129,246 | — | $0 |
| 2024-08-20 | Porter Stuart D | Director | 2024-08-16 | A | 129,246 | — | $0 |
| 2024-08-20 | Schwartz Louis | Director, Officer (President and Chairman) | 2024-08-16 | A | 129,246 | — | $0 |
| 2024-08-20 | Lewin Nick | Director | 2024-08-16 | A | 61,270 | — | $0 |
| 2024-08-20 | Kenna Justin | Director, Officer (CEO & DIRECTOR) | 2024-08-16 | A | 129,246 | — | $0 |
| 2024-08-20 | Gorman Jeremi | Director | 2024-08-16 | A | 129,246 | — | $0 |
| 2024-08-20 | Hamilton Paul | Director | 2024-08-16 | A | 61,270 | — | $0 |
| 2024-08-16 | Kenna Justin | Director, Officer (CEO & DIRECTOR) | 2024-08-11 | M | 495,720 | — | $0 |
| 2024-08-16 | Kenna Justin | Director, Officer (CEO & DIRECTOR) | 2024-08-11 | M | (495,720) | — | $-0 |
| 2024-07-11 | Kenna Justin | Director, Officer (CEO & Director) | 2024-07-09 | A | 150,000 | — | $0 |
| 2024-06-25 | Kenna Justin | Director, Officer (CEO & Director) | 2024-06-21 | P | 10,000 | $1.02 | $10,200 |
| 2024-06-25 | Schwartz Louis | Director, Officer (President and Chairman) | 2024-06-21 | P | 10,000 | $1.02 | $10,200 |