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Golden Matrix Group
(NASDAQ:GMGI)
Golden Matrix Group (GMGI) vs. SPDR S&P 500 ETF (SPY)
Golden Matrix Group Business Overview & Revenue Model
Golden Matrix Group Earnings Call Summary
Golden Matrix Group Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 179.14M | 151.12M | 44.17M | 36.03M | 60.37M | 5.22M |
| Gross Profit | 101.75M | 88.57M | 9.87M | 9.16M | 45.75M | 3.22M |
| EBITDA | 15.49M | 15.52M | ― | 609.12K | 18.16M | 400.94K |
| Net Income | -5.38M | -1.48M | -1.17M | 44.03K | 12.87M | 398.08K |
Balance Sheet | ||||||
| Total Assets | 209.78M | 213.72M | 35.58M | 32.57M | 20.46M | 13.81M |
| Cash, Cash Equivalents and Short-Term Investments | 22.40M | 30.46M | 17.10M | 14.95M | 16.80M | 11.71M |
| Total Debt | 25.97M | 39.35M | 59.09K | 154.86K | 282.23K | 99.00 |
| Total Liabilities | 82.68M | 104.77M | 4.48M | 2.77M | 1.53M | 552.61K |
| Stockholders Equity | 123.54M | 105.07M | 31.10M | 26.80M | 18.93M | 13.26M |
Cash Flow | ||||||
| Free Cash Flow | 15.01M | 1.92M | 2.14M | 2.61M | 13.28M | 1.88M |
| Operating Cash Flow | 33.83M | 23.92M | 2.21M | 2.77M | 21.16M | 1.88M |
| Investing Cash Flow | -30.83M | -37.43M | -95.96K | -4.41M | -8.55M | 192.00 |
| Financing Cash Flow | -22.13M | 27.71M | -32.32K | 32.00K | 4.05M | 7.97M |
Golden Matrix Group Technical Analysis
Golden Matrix Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
57 Neutral | $89.21M | -15.66 | -4.94% | ― | 53.06% | -196.63% | |
49 Neutral | $55.18M | ― | ― | ― | ― | ― | |
46 Neutral | $78.47M | -2.08 | -14.82% | ― | -17.17% | -51.88% | |
45 Neutral | $66.78M | -0.91 | -48.34% | ― | -8.99% | -117.83% |
Golden Matrix Group Corporate Events
On December 31, 2025, Golden Matrix Group, Inc. disclosed that it had received a notice from Nasdaq stating the company was no longer in compliance with the exchange’s minimum $1.00 per share bid price requirement, after its stock traded below that threshold for 34 consecutive business days from November 11 to December 30, 2025. While the notice does not immediately affect the company’s Nasdaq Capital Market listing, Golden Matrix now has until June 30, 2026, to restore compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days, with the possibility of an additional 180-day extension if certain conditions are met, failing which its shares could ultimately face delisting; the company said it will monitor its share price and may consider options such as a reverse stock split to preserve its listing.
The most recent analyst rating on (GMGI) stock is a Hold with a $0.85 price target. To see the full list of analyst forecasts on Golden Matrix Group stock, see the GMGI Stock Forecast page.
On December 12, 2025, Golden Matrix Group director Thomas E. McChesney resigned from the company’s Board of Directors and its Audit, Nominating and Corporate Governance, and Compensation committees, prompting a broader realignment of the board and its committees completed on December 18, 2025. Effective that date, the board appointed experienced gaming executive Atul Bali as a director, member of the Audit and Nominating and Corporate Governance committees, and chairman of the Compensation Committee, and named Murray G. Smith as a member and chairman of the Nominating and Corporate Governance Committee, while removing interim CEO William Scott from the Audit and Nominating committees after his loss of independent status; these changes bolster the company’s independent governance and bring substantial sector expertise to the board as it continues to seek an additional independent director.
The most recent analyst rating on (GMGI) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Golden Matrix Group stock, see the GMGI Stock Forecast page.
On December 12, 2025, Golden Matrix Group, Inc. announced that director Thomas E. McChesney resigned from the company’s Board of Directors and all board committee roles, including his position as chairman of the Compensation Committee, under a Director Separation Agreement effective the same day. Under the agreement, the company paid McChesney $60,000 in cash for past board services and in lieu of 2025 board incentive compensation he could have earned, while all of his unvested restricted stock units were forfeited; the agreement also contains customary mutual release, confidentiality and non-disparagement provisions, and the company stated his departure did not stem from any disagreement over operations, policies or governance. The board has begun searching for candidates to fill the vacancy created by McChesney’s departure and to replace the independent directorship vacated when William Scott became interim CEO, signaling a near-term reshaping of the company’s board composition and governance structure.
The most recent analyst rating on (GMGI) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Golden Matrix Group stock, see the GMGI Stock Forecast page.
Golden Matrix Group, Inc. announced that its Chief Executive Officer, Anthony Brian Goodman, resigned effective December 12, 2025, following a mutual agreement with the company. As part of the severance agreement, Mr. Goodman received a payment of $951,750, with a portion held in escrow. William Scott, the Executive Chairman of the Board, has been appointed as the Interim Chief Executive Officer and Principal Executive Officer. The company is actively seeking a successor independent director to fill the vacancy on the Board.
The most recent analyst rating on (GMGI) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Golden Matrix Group stock, see the GMGI Stock Forecast page.
On December 2, 2025, Aleksandar Milovanović, the majority stockholder of Golden Matrix Group, unilaterally amended the company’s bylaws without a meeting or solicitation. The amendments allow only stockholders to amend Section 45 of the bylaws and grant the Chairperson the power to postpone meetings or agenda items for up to 30 days. The company does not plan to file a Schedule 14C information statement as the action was not a corporate action.
The most recent analyst rating on (GMGI) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Golden Matrix Group stock, see the GMGI Stock Forecast page.
Golden Matrix Group, Inc. announced a Severance and Release Agreement with its CEO, Anthony Brian Goodman, effective December 12, 2025. The agreement includes a severance payment of $951,750 and additional benefits, with Goodman transitioning out of his role and William Scott appointed as Interim CEO.
The most recent analyst rating on (GMGI) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Golden Matrix Group stock, see the GMGI Stock Forecast page.
Golden Matrix Group finalized the acquisition of MeridianBet Group, a collection of gaming companies, on April 1, 2024. The acquisition involved a significant conversion of cash consideration into common stock for one of the sellers, Milovanović, who received 8,000,000 shares. Additionally, the company extended the due date for remaining cash considerations owed to the sellers. In a related corporate governance update, the company held its 2025 Annual Meeting of Stockholders on November 6, 2025, where several proposals, including the election of directors and approval of executive compensation, were voted upon and approved. Furthermore, on November 10, 2025, Golden Matrix entered into agreements to convert debts owed to minority interest holders of its subsidiary, Meridian Gaming Ltd., into common stock.
The most recent analyst rating on (GMGI) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Golden Matrix Group stock, see the GMGI Stock Forecast page.