Mobile Global Esports, Inc.
MGAM · Services-Amusement & Recreation Services · 75.5M shares · +21%/yr ↑ dilution · EDGAR filings ↗
Grade
F35Pre-revenue fantasy-sports micro-cap (~$3.7K revenue) burning cash with explicit need for additional funding.
Strengths
- 100% gross margin on negligible revenue; flagship Dominus product in beta
- Discontinued loss-making India subsidiary to focus resources
Risks
- Net margin -611x and operating margin -584x; ~$2.2M annual burn against ~$573K cash
- Management states it must raise capital within 12 months; products unproven, no monetization
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -61150.7%)
- Weak liquidityCurrent ratio 0.35 (<1)
- Chronic dilutionShare count +21%/yr over 3y (dilution, book value/share -101%)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
100.0%
Operating margin
-58371.1%
Net margin
-61150.7%
Return on equity
1398.3%
Return on assets
-136.7%
Revenue growth (QoQ)
73.6%
Current ratio
0.3×
EBITDA
-$2M
Tangible book value
-$162K
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-04 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-04-24 | Exec/director changeExhibits | filing ↗ |
| 2026-04-13 | Exec/director change | filing ↗ |
| 2026-01-12 | 5.03Exhibits | filing ↗ |
| 2025-12-02 | Material agreementDebt obligation3.02Exhibits | filing ↗ |
| 2025-10-20 | Material agreement3.02Exhibits | filing ↗ |
| 2025-09-22 | Material agreementDebt obligation | filing ↗ |
| 2025-09-09 | Material agreementDebt obligation | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-05-15 | 2026-03-31 | 0001213900-26-057173 ↗ |
| 8-K | 2026-05-04 | 2026-05-01 | 0001213900-26-051633 ↗ |
| 8-K | 2026-04-24 | 2026-04-23 | 0001213900-26-047216 ↗ |
| 8-K | 2026-04-13 | 2026-04-09 | 0001213900-26-042717 ↗ |
| 10-K | 2026-03-31 | 2025-12-31 | 0001213900-26-037335 ↗ |
| 8-K | 2026-01-12 | 2026-01-12 | 0001213900-26-003416 ↗ |
| 8-K | 2025-12-02 | 2025-12-01 | 0001213900-25-117231 ↗ |
| 10-Q | 2025-11-14 | 2025-09-30 | 0001213900-25-110269 ↗ |
| 8-K | 2025-10-20 | 2025-10-17 | 0001213900-25-100416 ↗ |
| 8-K | 2025-09-22 | 2025-09-16 | 0001213900-25-089740 ↗ |
| 8-K | 2025-09-09 | 2025-09-08 | 0001213900-25-086150 ↗ |
| 10-Q | 2025-08-14 | 2025-06-30 | 0001213900-25-076444 ↗ |