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Side-by-side financial comparison of CaliberCos Inc. (CWD) and Motorsport Games Inc. (MSGM). Click either name above to swap in a different company.

CaliberCos Inc. is the larger business by last-quarter revenue ($4.1M vs $3.8M, roughly 1.1× Motorsport Games Inc.). Motorsport Games Inc. runs the higher net margin — 21.8% vs -188.3%, a 210.1% gap on every dollar of revenue. On growth, Motorsport Games Inc. posted the faster year-over-year revenue change (94.9% vs -52.5%). Over the past eight quarters, Motorsport Games Inc.'s revenue compounded faster (12.7% CAGR vs -57.6%).

CaliberCos Inc. is a U.S.-headquartered alternative asset management firm focused primarily on real estate investments. It offers a diverse suite of investment vehicles covering commercial, residential, and industrial real estate assets, serving institutional investors, high-net-worth individuals, and retail clients across North America. It also delivers asset management, property operation, and value-add real estate development services to support consistent long-term returns for investors.

Motorsport Games Inc. is an American video game developer, publisher and esports event organizer based in Miramar, Florida. Motorsport Games is owned by Driven Lifestyle Group LLC.

CWD vs MSGM — Head-to-Head

Bigger by revenue
CWD
CWD
1.1× larger
CWD
$4.1M
$3.8M
MSGM
Growing faster (revenue YoY)
MSGM
MSGM
+147.4% gap
MSGM
94.9%
-52.5%
CWD
Higher net margin
MSGM
MSGM
210.1% more per $
MSGM
21.8%
-188.3%
CWD
Faster 2-yr revenue CAGR
MSGM
MSGM
Annualised
MSGM
12.7%
-57.6%
CWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CWD
CWD
MSGM
MSGM
Revenue
$4.1M
$3.8M
Net Profit
$-7.7M
$839.3K
Gross Margin
85.0%
Operating Margin
-196.6%
14.9%
Net Margin
-188.3%
21.8%
Revenue YoY
-52.5%
94.9%
Net Profit YoY
32.2%
131.8%
EPS (diluted)
$1.95
$0.14

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CWD
CWD
MSGM
MSGM
Q4 25
$4.1M
$3.8M
Q3 25
$3.6M
$3.1M
Q2 25
$5.1M
$2.6M
Q1 25
$7.3M
$1.8M
Q4 24
$8.7M
$2.0M
Q3 24
$11.3M
$1.8M
Q2 24
$8.2M
$1.9M
Q1 24
$23.0M
$3.0M
Net Profit
CWD
CWD
MSGM
MSGM
Q4 25
$-7.7M
$839.3K
Q3 25
$-4.4M
$789.3K
Q2 25
$-5.3M
$4.3M
Q1 25
$-4.4M
$1.0M
Q4 24
$-11.4M
$-2.6M
Q3 24
$146.0K
$-554.6K
Q2 24
$-4.7M
$2.1M
Q1 24
$-3.8M
$-1.7M
Gross Margin
CWD
CWD
MSGM
MSGM
Q4 25
85.0%
Q3 25
80.7%
Q2 25
82.4%
Q1 25
73.5%
Q4 24
45.8%
Q3 24
60.2%
Q2 24
59.0%
Q1 24
78.0%
Operating Margin
CWD
CWD
MSGM
MSGM
Q4 25
-196.6%
14.9%
Q3 25
-129.6%
25.8%
Q2 25
-112.4%
75.9%
Q1 25
-62.7%
-5.3%
Q4 24
-236.8%
-33.5%
Q3 24
0.0%
-107.2%
Q2 24
-65.0%
Q1 24
-22.9%
-40.1%
Net Margin
CWD
CWD
MSGM
MSGM
Q4 25
-188.3%
21.8%
Q3 25
-120.2%
25.5%
Q2 25
-104.5%
164.3%
Q1 25
-60.7%
59.2%
Q4 24
-247.6%
-133.7%
Q3 24
1.3%
-30.8%
Q2 24
-57.8%
111.9%
Q1 24
-16.6%
-55.0%
EPS (diluted)
CWD
CWD
MSGM
MSGM
Q4 25
$1.95
$0.14
Q3 25
$-1.65
$0.14
Q2 25
$-4.15
$0.82
Q1 25
$-3.85
$0.33
Q4 24
$-10.15
$-0.92
Q3 24
$0.12
$-0.18
Q2 24
$-4.34
$0.77
Q1 24
$-3.53
$-0.61

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CWD
CWD
MSGM
MSGM
Cash + ST InvestmentsLiquidity on hand
$2.9M
$5.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3M
$6.8M
Total Assets
$135.4M
$12.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWD
CWD
MSGM
MSGM
Q4 25
$2.9M
$5.0M
Q3 25
$10.9M
$4.1M
Q2 25
$683.0K
$2.4M
Q1 25
$1.6M
$1.1M
Q4 24
$2.3M
$859.3K
Q3 24
$1.6M
$1.1M
Q2 24
$1.8M
$300.0K
Q1 24
$2.1M
$500.0K
Stockholders' Equity
CWD
CWD
MSGM
MSGM
Q4 25
$1.3M
$6.8M
Q3 25
$4.2M
$5.9M
Q2 25
$-19.9M
$4.8M
Q1 25
$-15.8M
$648.4K
Q4 24
$-12.6M
$496.3K
Q3 24
$-3.8M
$4.1M
Q2 24
$-4.7M
$4.3M
Q1 24
$-745.0K
$2.1M
Total Assets
CWD
CWD
MSGM
MSGM
Q4 25
$135.4M
$12.0M
Q3 25
$82.6M
$10.1M
Q2 25
$59.3M
$8.2M
Q1 25
$103.6M
$6.1M
Q4 24
$105.5M
$6.3M
Q3 24
$158.6M
$7.0M
Q2 24
$195.2M
$7.2M
Q1 24
$201.5M
$9.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CWD
CWD
MSGM
MSGM
Operating Cash FlowLast quarter
$-12.1M
$1.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.07×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWD
CWD
MSGM
MSGM
Q4 25
$-12.1M
$1.7M
Q3 25
$-4.6M
$2.1M
Q2 25
$-1.2M
$-30.5K
Q1 25
$-1.7M
$305.2K
Q4 24
$555.0K
$-1.1M
Q3 24
$-74.0K
$-680.3K
Q2 24
$1.4M
$-695.9K
Q1 24
$-1.5M
$-373.7K
Capex Intensity
CWD
CWD
MSGM
MSGM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
CWD
CWD
MSGM
MSGM
Q4 25
2.07×
Q3 25
2.61×
Q2 25
-0.01×
Q1 25
0.29×
Q4 24
Q3 24
-0.51×
Q2 24
-0.33×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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