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Side-by-side financial comparison of Motorsport Games Inc. (MSGM) and Virgin Galactic Holdings, Inc (SPCE). Click either name above to swap in a different company.

Virgin Galactic Holdings, Inc is the larger business by last-quarter revenue ($4.2M vs $3.8M, roughly 1.1× Motorsport Games Inc.). Motorsport Games Inc. runs the higher net margin — 21.8% vs -2222.2%, a 2244.0% gap on every dollar of revenue. On growth, Virgin Galactic Holdings, Inc posted the faster year-over-year revenue change (125.5% vs 94.9%).

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.

Virgin Galactic Holdings, Inc. is a British-American spaceflight company founded by Richard Branson and the Virgin Group conglomerate, which retains an 11.9% stake through Virgin Investments Limited.

MSGM vs SPCE — Head-to-Head

Bigger by revenue
SPCE
SPCE
1.1× larger
SPCE
$4.2M
$3.8M
MSGM
Growing faster (revenue YoY)
SPCE
SPCE
+30.6% gap
SPCE
125.5%
94.9%
MSGM
Higher net margin
MSGM
MSGM
2244.0% more per $
MSGM
21.8%
-2222.2%
SPCE

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
MSGM
MSGM
SPCE
SPCE
Revenue
$3.8M
$4.2M
Net Profit
$839.3K
$-93.8M
Gross Margin
85.0%
-546.6%
Operating Margin
14.9%
-2412.1%
Net Margin
21.8%
-2222.2%
Revenue YoY
94.9%
125.5%
Net Profit YoY
131.8%
30.2%
EPS (diluted)
$0.14
$-4.36

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
MSGM
MSGM
SPCE
SPCE
Q4 25
$3.8M
Q3 25
$3.1M
Q2 25
$2.6M
Q1 25
$1.8M
Q4 24
$2.0M
Q3 24
$1.8M
Q2 24
$1.9M
$4.2M
Q1 24
$3.0M
$2.0M
Net Profit
MSGM
MSGM
SPCE
SPCE
Q4 25
$839.3K
Q3 25
$789.3K
Q2 25
$4.3M
Q1 25
$1.0M
Q4 24
$-2.6M
Q3 24
$-554.6K
Q2 24
$2.1M
$-93.8M
Q1 24
$-1.7M
$-102.0M
Gross Margin
MSGM
MSGM
SPCE
SPCE
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%
-546.6%
Q1 24
78.0%
-1038.1%
Operating Margin
MSGM
MSGM
SPCE
SPCE
Q4 25
14.9%
Q3 25
25.8%
Q2 25
75.9%
Q1 25
-5.3%
Q4 24
-33.5%
Q3 24
-107.2%
Q2 24
-2412.1%
Q1 24
-40.1%
-5599.9%
Net Margin
MSGM
MSGM
SPCE
SPCE
Q4 25
21.8%
Q3 25
25.5%
Q2 25
164.3%
Q1 25
59.2%
Q4 24
-133.7%
Q3 24
-30.8%
Q2 24
111.9%
-2222.2%
Q1 24
-55.0%
-5139.1%
EPS (diluted)
MSGM
MSGM
SPCE
SPCE
Q4 25
$0.14
Q3 25
$0.14
Q2 25
$0.82
Q1 25
$0.33
Q4 24
$-0.92
Q3 24
$-0.18
Q2 24
$0.77
$-4.36
Q1 24
$-0.61
$-5.10

Balance Sheet & Financial Strength

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

Metric
MSGM
MSGM
SPCE
SPCE
Cash + ST InvestmentsLiquidity on hand
$5.0M
$775.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.8M
$394.8M
Total Assets
$12.0M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSGM
MSGM
SPCE
SPCE
Q4 25
$5.0M
Q3 25
$4.1M
Q2 25
$2.4M
Q1 25
$1.1M
Q4 24
$859.3K
Q3 24
$1.1M
Q2 24
$300.0K
$775.7M
Q1 24
$500.0K
$765.2M
Stockholders' Equity
MSGM
MSGM
SPCE
SPCE
Q4 25
$6.8M
Q3 25
$5.9M
Q2 25
$4.8M
Q1 25
$648.4K
Q4 24
$496.3K
Q3 24
$4.1M
Q2 24
$4.3M
$394.8M
Q1 24
$2.1M
$417.6M
Total Assets
MSGM
MSGM
SPCE
SPCE
Q4 25
$12.0M
Q3 25
$10.1M
Q2 25
$8.2M
Q1 25
$6.1M
Q4 24
$6.3M
Q3 24
$7.0M
Q2 24
$7.2M
$1.1B
Q1 24
$9.8M
$1.1B

Cash Flow & Capital Efficiency

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

Metric
MSGM
MSGM
SPCE
SPCE
Operating Cash FlowLast quarter
$1.7M
$-79.1M
Free Cash FlowOCF − Capex
$-113.5M
FCF MarginFCF / Revenue
-2690.7%
Capex IntensityCapex / Revenue
815.5%
Cash ConversionOCF / Net Profit
2.07×
TTM Free Cash FlowTrailing 4 quarters
$-458.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MSGM
MSGM
SPCE
SPCE
Q4 25
$1.7M
Q3 25
$2.1M
Q2 25
$-30.5K
Q1 25
$305.2K
Q4 24
$-1.1M
Q3 24
$-680.3K
Q2 24
$-695.9K
$-79.1M
Q1 24
$-373.7K
$-113.2M
Free Cash Flow
MSGM
MSGM
SPCE
SPCE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-113.5M
Q1 24
$-126.3M
FCF Margin
MSGM
MSGM
SPCE
SPCE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-2690.7%
Q1 24
-6362.8%
Capex Intensity
MSGM
MSGM
SPCE
SPCE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
815.5%
Q1 24
658.5%
Cash Conversion
MSGM
MSGM
SPCE
SPCE
Q4 25
2.07×
Q3 25
2.61×
Q2 25
-0.01×
Q1 25
0.29×
Q4 24
Q3 24
Q2 24
-0.33×
Q1 24

Financial Flow Comparison

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

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