GameSquare Holdings, Inc.
GAMENasdaqConsumer Discretionary · Services-Amusement & Recreation Services · A6 · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | |
|---|---|---|---|---|
| Revenue | $45.0M | $96.2M | $41.3M | $28.1M |
| Operating income | −$25.2M | −$46.2M | −$25.4M | −$18.2M |
| Net income | −$40.1M | −$48.8M | −$31.3M | −$18.1M |
| Total assets | $79.3M | $78.7M | $64.7M | $20.2M |
| Total liabilities | $43.6M | $66.7M | $46.3M | $12.9M |
| Equity | $35.7M | $12.0M | $18.4M | $7.3M |
| EPS (diluted) | $-0.61 | $-1.75 | $-2.81 | $-3.26 |
| Shares out. | 38.9M | 30.3M | 13.0M | 6.4M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −56.1%
- Net margin
- −89.1%
- Return on equity
- −112.5%
- Return on assets
- −50.6%
- Return on capital (ROCE)
- −65.7%
- Liabilities / assets
- 55.0%
- Debt / equity
- 1.22×
- Book value / share
- $0.92
- Revenue growth (YoY)
- −53.2%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -9.50distress
- Accruals / assets
- −27.4%clean
- Beneish M-Score
- -4.54normal
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 4 warning● 1 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- Negative operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 31, 2026
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2025
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2024
- NT 10-Qmissed a reporting deadline ↗May 15, 2024
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2024
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Blue &Amp; Silver Ventures, Ltd. | May 22, 2026 | J | 1.4M | $0.00 |
| Blue &Amp; Silver Ventures, Ltd. | Apr 22, 2026 | Buy | 809,109 | $0.58 |
| Gorman JeremiDirector | Sep 19, 2025 | Buy | 65,897 | $0.76 |
| Kenna JustinOfficer — CEO and Director | Feb 4, 2026 | Option exercise | 625,000 | $0.00 |
| Schwartz LouisOfficer — Former President and Chairman | Jan 2, 2026 | Option exercise | 174,324 | — |
| Blue &Amp; Silver Ventures, Ltd.10% owner | Dec 4, 2025 | Option exercise | 150,000 | — |
| Porter Stuart DDirector | Dec 4, 2025 | Option exercise | 150,000 | — |
| Hamilton PaulDirector | Dec 4, 2025 | Option exercise | 150,000 | — |
| Schwartz LouisOfficer — President and Chairman | Dec 4, 2025 | Option exercise | 150,000 | — |
| Kenna JustinOfficer — CEO and Director | Dec 4, 2025 | Option exercise | 200,000 | — |
| Lewin Nick | Dec 4, 2025 | Option exercise | 150,000 | — |
| Goff TravisDirector | Dec 4, 2025 | Grant | 200,000 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 5.6M | 2.4 | -6.0% |
| Apr 30, 2026 | 5.9M | 1.0 | -30.6% |
| Apr 15, 2026 | 8.5M | 1.0 | +221.4% |
| Mar 31, 2026 | 2.6M | 3.6 | -27.8% |
| Mar 13, 2026 | 3.7M | 3.5 | -8.0% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 14, 2026
- Amended charter or bylaws · Item 5.08 · Regulation FD disclosure · Other material eventApr 14, 2026
- Results of operationsApr 9, 2026
- Delisting / listing-standard notice · Other material eventMar 11, 2026
- Entered a material agreement · Unregistered equity sale · Modified shareholder rights · Amended charter or bylaws · Regulation FD disclosureFeb 23, 2026
- Director / officer change · Regulation FD disclosureFeb 6, 2026
- Director / officer changeJan 16, 2026
- Entered a material agreement · Director / officer changeDec 31, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- DEFA14AMay 28, 2026
- SCHEDULE 13D/AMay 27, 2026
- 4May 27, 2026
- SCHEDULE 13D/AMay 26, 2026
- DEFA14AMay 20, 2026
- 10-QMay 14, 2026
- 8-KMay 14, 2026
- DEFA14AMay 13, 2026
- DEFA14AApr 29, 2026
- 4Apr 27, 2026
- SCHEDULE 13D/AApr 27, 2026
- DEF 14AApr 27, 2026
- 4Apr 24, 2026
- PRE 14AApr 17, 2026
- 8-KApr 14, 2026