# GAMESQUARE HOLDINGS, INC. (GAME) · Edgar & Edgarette company card

> Gamesquare Holdings (GAME) grew revenue 63.4% in FY2025 to $45 million, operating margin -56.1% against a 1.6% median for amusement & recreation services, equity 45.0% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1714562 · fiscal year ended 2025-12-31 · 4 audited years read · [page](https://www.pops4.com/boards/company/GAME) · [JSON](https://www.pops4.com/boards/company/GAME.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $45M |
| Revenue growth, 1 year | 63.4% |
| Revenue growth per year | 17.0% |
| Operating margin | -56.1% (prior year -124.8%) |
| Net margin | -93.6% |
| Operating cash flow | −$18M |
| Capital spending | $77,115 |
| Free cash flow | −$18M |
| Cash | $6M |
| Long-term debt | — |
| Total assets | $79M |
| Total equity | $36M |
| Equity ÷ assets | 45.0% |
| Return on equity | -118.1% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -9.5 (distress zone)
- Piotroski F: 5 of 9 (middling)
- Beneish M: -3.84 (below the −1.78 line)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed late annual report notice in the last 12 months; operating cash flow was negative; operating loss: a margin of -56.1% in FY2025; revenue is hard to predict: its 80% range is ±64%
- Cash Compass: Fast, cash not yet · growing fast, but little cash arriving so far

## Edgarette's reading

Exposure: revenue $45.0M (FY2025). Experience: revenue up 63.4% on the year, up 17.0% a year over 3 years; operating margin -56.1%, up from -124.8%. Soundness: equity 45.0% of assets, return on equity -118.1%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $29.2M and $132.3M next year (method v4.1: its own 3-year record of growth weighed at 40% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $26.3M to $147.3M. A statistical range, not company guidance. Against peers (10 filers, $50M+ revenue, services-amusement & recreation services): operating margin -56.1% against a 1.6% median; growth 63.4% against 10.6%.

Range logged 2026-09-25, receipt 77ae03a1098b0727, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item NT 10-K Late annual report notice: 1, latest 2026-03-31 ([filing](https://www.sec.gov/Archives/edgar/data/1714562/000149315226013857/0001493152-26-013857-index.htm))
- Item 3.01 Exchange listing notice or transfer: 1, latest 2026-03-11 ([filing](https://www.sec.gov/Archives/edgar/data/1714562/000149315226009611/0001493152-26-009611-index.htm))
- Item 5.02 Director or officer change: 6, latest 2026-10-26 ([filing](https://www.sec.gov/Archives/edgar/data/1714562/000149315226048423/0001493152-26-048423-index.htm))

## Recent filings

- 8-K · filed 2026-10-26 · 2.01 Completion of Acquisition or Disposition of Assets; 3.02 Unregistered Sales of Equity Securities; 5.02 Departure or Election of Directors; Appointment of Officers; 5.07 Submission of Matters to a Vote of Security Holders; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1714562/000149315226048423/0001493152-26-048423-index.htm)
- DEF 14A · filed 2026-10-02 · [filing](https://www.sec.gov/Archives/edgar/data/1714562/000149315226045510/0001493152-26-045510-index.htm)
- 8-K · filed 2026-09-24 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1714562/000149315226044197/0001493152-26-044197-index.htm)
- 8-K · filed 2026-09-09 · 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/1714562/000149315226041889/0001493152-26-041889-index.htm)
- 8-K · filed 2026-09-09 · 1.01 Entry into a Material Definitive Agreement; 3.02 Unregistered Sales of Equity Securities; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1714562/000149315226041884/0001493152-26-041884-index.htm)
- 8-K · filed 2026-08-19 · 3.03 Material Modifications to Rights of Security Holders; 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1714562/000149315226039213/0001493152-26-039213-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001714562.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1714562

## Cite

POPS4, Edgar & Edgarette: GAMESQUARE HOLDINGS, INC. (GAME) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/GAME. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.