GameSquare Holdings (GAME) AI Stock Analysis

• Market Cap: $46.14M
• Dividend Yield: N/A
• Average Volume (3M): 1.63M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.20
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 132
• Sector: Communication Services
• Sector Strength: 97
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): 0.07
• Shares Outstanding: 98,380,770
• 10 Day Avg. Volume: 1,189,906
• 30 Day Avg. Volume: 1,627,821
• PEG Ratio: 0.01
• Price to Book (P/B): -7.84
• Price to Sales (P/S): 0.24
• P/FCF Ratio: -0.75
• Enterprise Value/Market Cap: 1.20
• Enterprise Value/Revenue: 0.77
• Enterprise Value/Gross Profit: 4.02
• Enterprise Value/Ebitda: -1.70
• 1Y Price Target: $3.00
• Price Target Upside: 538.30% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): -0.13
• Revenue Forecast (FY): $68.75M

• Rating: 45 Neutral
• Price Target: $0.45 ▼(-3.62% Downside)

GameSquare Holdings' overall stock score reflects a company facing significant financial and technical challenges. The most impactful factor is the poor financial performance, with declining revenues and negative profitability metrics. Technical analysis indicates a bearish trend, further weighing on the score. Despite positive developments highlighted in the earnings call, such as improved gross margins and strategic acquisitions, these are not sufficient to offset the broader financial and technical weaknesses.

Positive Factors

Gross Margin Improvement

The significant improvement in gross margin reflects enhanced profitability and operational efficiency, which can support long-term financial stability.

Digital Asset Strategy

The successful digital asset strategy provides a new revenue stream, enhancing financial flexibility and supporting future growth initiatives.

Acquisition of Click Management

The acquisition strengthens GameSquare's market position by expanding its revenue base and enhancing its service offerings in the esports sector.

Negative Factors

Declining Revenue

Declining revenues indicate challenges in maintaining market share and competitiveness, potentially impacting long-term growth prospects.

Pro Forma EBITDA Loss

Ongoing EBITDA losses suggest operational inefficiencies and financial strain, which could hinder the company's ability to invest in growth.

Tariff Uncertainty

Tariff uncertainties pose risks to revenue generation and strategic partnerships, potentially disrupting business operations and growth.

GameSquare Holdings Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

GameSquare Holdings generates revenue through multiple streams, primarily by leveraging its expertise in the esports industry. Key revenue sources include sponsorship and advertising deals with brands looking to reach gaming audiences, as well as partnerships with esports teams and leagues. The company also earns income from hosting and organizing gaming events and tournaments, which attract both participants and viewers. Additionally, GameSquare capitalizes on content creation and distribution through digital platforms, enabling further monetization opportunities via media rights and merchandise sales. Strategic partnerships with major gaming and entertainment brands enhance its market presence and contribute significantly to its earnings.

GameSquare Holdings Financial Statement Overview

Summary

GameSquare Holdings faces significant financial challenges, with persistent losses and high leverage. Despite some revenue growth, the company's profitability and cash flow issues are concerning, as evidenced by negative net profit margins and high debt-to-equity ratio.

Income Statement

GameSquare Holdings has shown some revenue growth, with a 7.49% increase in the latest year. However, profitability remains a significant concern, as evidenced by negative net profit margins (-50.68%) and EBIT margins (-57.16%). The company struggles with high operating losses, impacting overall financial health.

Balance Sheet

The balance sheet reveals a precarious financial position with negative stockholders' equity and a high debt-to-equity ratio of -8.04. This indicates substantial leverage and financial instability. The return on equity is positive at 16.59%, but this is due to negative equity, which is not a sustainable situation.

Cash Flow

Cash flow analysis shows negative operating cash flow and free cash flow, with a slight decline in free cash flow growth (-3.40%). The free cash flow to net income ratio is slightly above 1, indicating that cash flow is somewhat aligned with net income, but overall cash flow remains negative, posing liquidity challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	71.75M	96.20M	41.30M	28.08M	33.35M	10.55M
Gross Profit	13.76M	15.27M	10.10M	9.66M	10.49M	7.17M
EBITDA	-32.57M	-51.00M	-22.03M	-15.60M	-24.06M	-21.76M
Net Income	-35.37M	-48.75M	-31.28M	-18.12M	-40.66M	-32.34M
Balance Sheet
Total Assets	121.12M	78.73M	64.71M	20.09M	57.20M	53.42M
Cash, Cash Equivalents and Short-Term Investments	6.01M	12.09M	2.95M	977.41K	15.31M	5.24M
Total Debt	1.58M	23.63M	15.82M	3.50M	11.46M	20.33M
Total Liabilities	42.38M	66.73M	46.35M	12.94M	41.90M	53.15M
Stockholders Equity	78.74M	-2.94M	18.36M	7.16M	15.16M	45.91K
Cash Flow
Free Cash Flow	-21.81M	-30.58M	-16.08M	-20.69M	-30.58M	-13.14M
Operating Cash Flow	-22.03M	-30.57M	-16.08M	-20.61M	-30.40M	-13.02M
Investing Cash Flow	-61.82M	2.71M	14.07M	13.45M	92.03K	-364.83K
Financing Cash Flow	80.88M	37.97M	3.95M	-326.60K	39.58M	16.34M

GameSquare Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.47
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GAME, the sentiment is Negative. The current price of 0.47 is below the 20-day moving average (MA) of 0.50, below the 50-day MA of 0.57, and below the 200-day MA of 0.77, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 41.90 is Neutral, neither overbought nor oversold. The STOCH value of 11.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GAME.

GameSquare Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
MSGM	50 Neutral	$17.68M	33.26	44.93%	―	11.38%	-94.39%
GMHS	49 Neutral	$53.57M	―	―	―	―	―
SKLZ	46 Neutral	$73.43M	-1.00	-48.34%	―	-8.99%	-117.83%
MYPS	46 Neutral	$83.00M	-2.20	-14.82%	―	-17.17%	-51.88%
GAME	45 Neutral	$46.14M	-0.45	-52.37%	―	―	―

GameSquare Holdings Corporate Events

GameSquare Holdings Annual Meeting Outcomes on December 4, 2025

GameSquare Holdings, Inc. held its 2025 Annual Meeting of Stockholders on December 4, 2025, after obtaining a court order to establish a quorum. During the meeting, two Class I directors were reelected, and the appointment of Kreston GTA as the independent auditor was ratified. However, a proposal to approve a merger agreement aimed at restating the Certificate of Incorporation failed to receive sufficient votes.

GameSquare Holdings Adjourns Annual Stockholders Meeting

On November 4, 2025, GameSquare Holdings, Inc. attempted to hold its 2025 Annual Meeting of Stockholders but was unable to proceed due to insufficient shares being represented to form a quorum. The meeting has been adjourned and will reconvene virtually on December 4, 2025, to address the proposals outlined in the proxy statement filed with the SEC. During the adjournment, the company will continue to solicit votes from stockholders regarding these proposals.

GameSquare Holdings Adjourns Annual Stockholder Meeting

On October 7, 2025, GameSquare Holdings convened its 2025 Annual Meeting of Stockholders but adjourned it due to a lack of quorum. The meeting will reconvene virtually on November 4, 2025, to vote on proposals outlined in the proxy statement. The company continues to solicit votes from stockholders and encourages those who haven’t voted to do so by October 31, 2025.

GameSquare Holdings Gains Court Approval for Settlement

GameSquare Holdings, Inc. recently received final court approval for a settlement agreement related to its acquisition of FaZe Holdings, Inc. This approval, granted on September 22, 2025, resolves the Shareholder Derivative Litigation and confirms GameSquare’s financial responsibilities as outlined in the settlement agreement.