Playstudios Inc(NASDAQ:MYPS)

PLAYSTUDIOS, Inc., a game studio, develops and operates free casual games for mobile and social platforms. The company is headquartered in Las Vegas, Nevada.
Website: https://playstudios.com/
Founded: 2011
Sector: REAL ESTATE & CONSTRUCTION
Industry: BLANK CHECKS
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At a glance:
Bull Thesis:
Bear Thesis:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net revenue | 58,410,000 | 55,402,000 | 57,648,000 | 59,338,000 | 62,709,000 | 67,782,000 | 71,229,000 | 72,590,000 | 77,828,000 | 77,112,000 | 75,858,000 | 77,793,000 | 80,123,000 | |||||||
yoy | -6.86% | -18.26% | -19.07% | -18.26% | -19.43% | -12.10% | -6.10% | -6.69% | -2.86% | |||||||||||
qoq | 5.43% | -3.90% | -2.85% | -5.38% | -7.48% | -4.84% | -1.87% | -6.73% | 0.93% | 1.65% | -2.49% | -2.91% | ||||||||
operating expenses: | ||||||||||||||||||||
cost of revenue | 12,045,000 | 13,496,000 | 13,629,000 | 14,563,000 | 15,779,000 | 17,865,000 | 17,832,000 | 18,068,000 | 18,951,000 | 19,524,000 | 19,862,000 | 18,887,000 | 19,527,000 | 20,921,000 | 21,033,000 | 21,840,000 | 22,282,000 | 23,032,000 | ||
selling and marketing | 21,025,000 | 15,012,000 | 14,186,000 | 13,108,000 | 13,169,000 | 13,867,000 | 15,116,000 | 17,064,000 | 18,576,000 | 19,077,000 | 18,786,000 | 18,431,000 | 18,066,000 | 19,547,000 | 20,540,000 | 18,581,000 | 19,274,000 | 24,187,000 | ||
research and development | 14,724,000 | 15,674,000 | 14,814,000 | 14,214,000 | 13,674,000 | 16,265,000 | 16,654,000 | 16,743,000 | 18,021,000 | 16,795,000 | 17,367,000 | 18,381,000 | 17,755,000 | 14,470,000 | 16,981,000 | 14,792,000 | 14,509,000 | 17,296,000 | ||
general and administrative | 9,436,000 | 10,597,000 | 12,056,000 | 11,345,000 | 11,861,000 | 11,116,000 | 11,581,000 | 11,645,000 | 11,779,000 | 11,384,000 | 10,747,000 | 11,040,000 | 11,901,000 | 9,208,000 | 9,691,000 | 3,133,000 | 8,092,000 | 12,398,000 | ||
depreciation and amortization | 9,833,000 | 9,617,000 | 9,576,000 | 9,535,000 | 9,632,000 | 10,627,000 | 11,593,000 | 11,654,000 | 11,566,000 | 11,573,000 | 11,537,000 | 11,116,000 | 11,033,000 | 8,288,000 | 8,394,000 | 7,253,000 | 7,213,000 | 6,898,000 | ||
restructuring and related | 4,652,000 | 834,000 | 1,253,000 | 60,000 | 1,335,000 | 20,462,000 | 3,231,000 | 1,379,000 | 638,000 | 1,472,000 | 1,280,000 | 1,784,000 | 4,048,000 | 1,517,000 | 8,655,000 | |||||
total operating costs and expenses | 71,715,000 | 65,230,000 | 65,514,000 | 62,825,000 | 65,450,000 | 90,202,000 | 76,007,000 | 76,553,000 | 79,531,000 | 79,825,000 | 79,579,000 | 79,639,000 | 82,330,000 | 73,951,000 | 85,294,000 | 68,681,000 | 71,370,000 | 83,811,000 | ||
income from operations | -13,305,000 | -9,828,000 | -7,866,000 | -3,487,000 | -2,741,000 | -22,420,000 | -4,778,000 | -3,963,000 | -1,703,000 | -2,713,000 | -3,721,000 | -1,846,000 | -2,207,000 | -5,598,000 | -14,843,000 | 3,248,000 | -799,000 | -12,989,000 | -899,486 | |
yoy | 385.41% | -56.16% | 64.63% | -12.01% | 60.95% | 726.39% | 28.41% | 114.68% | -22.84% | -33.53% | -87.56% | -167.95% | -56.90% | 1550.16% | ||||||
qoq | 35.38% | 24.94% | 125.58% | 27.22% | -87.77% | 369.23% | 20.57% | 132.71% | -37.23% | -27.09% | 101.57% | -16.36% | -62.29% | -556.99% | -506.51% | -93.85% | 1344.05% | |||
operating margin % | -22.78% | -17.74% | -13.64% | -5.88% | -4.37% | -33.08% | -6.71% | -5.46% | -2.19% | -3.52% | -4.91% | -2.37% | -2.75% | NaN% | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% |
other income, net: | ||||||||||||||||||||
change in fair value of warrant liabilities | 18,000 | 119,000 | -73,000 | 9,000 | 101,000 | -73,000 | 276,000 | 717,000 | -64,000 | 1,215,000 | 4,216,000 | -1,777,000 | -1,058,000 | -821,000 | -2,716,000 | 1,947,000 | 11,876,000 | 110,000 | 7,144,117 | |
change in fair value of contingent consideration | 2,780,000 | |||||||||||||||||||
interest income | 722,000 | 174,000 | 917,000 | 946,000 | 906,000 | 981,000 | 1,127,000 | 1,374,000 | 1,420,000 | 1,337,000 | 1,364,000 | 1,262,000 | 895,000 | 212,000 | -107,000 | |||||
other loss | -281,000 | -701,750 | -1,802,000 | -207,000 | -798,000 | |||||||||||||||
total other income | 3,239,000 | -2,778,000 | -958,000 | 748,000 | 209,000 | 1,352,000 | 1,147,000 | 1,827,000 | 1,250,000 | 2,159,000 | 5,382,000 | 529,000 | -1,157,000 | 1,931,000 | 11,706,000 | 116,000 | ||||
income before income taxes | -10,066,000 | -12,606,000 | -8,824,000 | -2,739,000 | -2,532,000 | -21,068,000 | -3,631,000 | -2,136,000 | -453,000 | -554,000 | 1,661,000 | -1,317,000 | -2,310,000 | -6,755,000 | -17,377,000 | 5,179,000 | 10,907,000 | -12,873,000 | ||
income tax expense | -610,000 | -209,000 | -348,000 | -114,000 | -260,000 | |||||||||||||||
net income | -10,676,000 | -13,693,000 | -9,118,000 | -2,948,000 | -2,880,000 | -22,412,000 | -3,097,000 | -2,611,000 | -567,000 | -19,864,000 | 3,800,000 | -759,000 | -2,570,000 | 5,503,000 | -25,212,000 | 618,000 | 11,236,000 | -7,035,000 | 6,258,699 | |
yoy | 270.69% | -38.90% | 194.41% | 12.91% | 407.94% | 12.83% | -181.50% | 244.01% | -77.94% | -30.95% | -96.99% | -515.86% | -178.22% | -502.83% | ||||||
qoq | -22.03% | 50.18% | 209.29% | 2.36% | -87.15% | 623.67% | 18.61% | 360.49% | -97.15% | -622.74% | -600.66% | -70.47% | -121.83% | -4179.61% | -94.50% | -259.72% | -212.40% | |||
net income margin % | -18.28% | -24.72% | -15.82% | -4.97% | -4.59% | -33.06% | -4.35% | -3.60% | -0.73% | -25.76% | 5.01% | -0.98% | -3.21% | NaN% | Infinity% | -Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% |
net income per share | ||||||||||||||||||||
basic | -0.08 | -0.03 | -0.07 | -0.02 | -0.02 | -0.013 | -0.02 | -0.02 | -0.01 | -0.02 | 0.04 | -0.2 | 0.01 | 0.09 | -0.07 | |||||
diluted | -0.08 | -0.03 | -0.07 | -0.02 | -0.02 | -0.013 | -0.02 | -0.02 | -0.01 | -0.02 | 0.04 | -0.2 | 0.01 | 0.08 | -0.07 | |||||
weighted-average shares of common stock outstanding: | ||||||||||||||||||||
basic | 127,660 | 125,679 | 125,695 | 125,448 | 125,253 | 129,438 | 125,007 | 132,475 | 135,575 | 132,978 | 133,351 | 132,144 | 132,131 | 128,353 | 127,187 | 126,337 | 111,718 | 125,823 | 99,297 | |
diluted | 127,660 | 125,679 | 125,695 | 125,448 | 125,253 | 129,438 | 125,007 | 132,475 | 135,575 | 132,978 | 149,655 | 132,144 | 132,131 | 128,353 | 146,197 | 126,337 | 124,898 | 138,795 | 99,297 | |
income tax benefit | -212,750 | -294,000 | -13,750 | 534,000 | -475,000 | -19,310,000 | 2,139,000 | 558,000 | 12,258,000 | -7,835,000 | -4,561,000 | 329,000 | 5,838,000 | |||||||
other income | 444,000 | -256,000 | -264,000 | -106,000 | -393,000 | -198,000 | 1,044,000 | 60,000 | -548,000 | 187,000 | 13,000 | -113,000 | 113,000 | |||||||
net income attributable to common stockholders per share: | ||||||||||||||||||||
basic | 0.03 | |||||||||||||||||||
diluted | 0.03 | |||||||||||||||||||
total other expense | -103,000 | -2,534,000 | ||||||||||||||||||
net revenues | 68,353,000 | 70,451,000 | 53,872,500 | 70,571,000 | 70,822,000 | |||||||||||||||
interest expense | -5,000 | -29,000 | -57,000 | |||||||||||||||||
general and administrative costs | 899,486 | |||||||||||||||||||
other income: | ||||||||||||||||||||
interest earned on marketable securities held in trust account | 17,626 | |||||||||||||||||||
unrealized gain on marketable securities held in trust account | -3,558 | |||||||||||||||||||
weighted-average shares outstanding of redeemable ordinary shares | 17,950,991 | |||||||||||||||||||
basic and diluted net income per ordinary share, redeemable | ||||||||||||||||||||
weighted-average shares outstanding of non-redeemable ordinary shares | 8,955,259 | |||||||||||||||||||
basic and diluted net income per ordinary share, non-redeemable | 0.7 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||
current assets: | ||||||||||||||||||||
cash and cash equivalents | 103,677,000 | 104,935,000 | 106,320,000 | 112,860,000 | 107,097,000 | 109,179,000 | 105,170,000 | 106,304,000 | 126,980,000 | 132,889,000 | 129,807,000 | 127,667,000 | 127,484,000 | 134,000,000 | 220,638,000 | 219,965,000 | 213,502,000 | 225,975,000 | 229,901,000 | |
receivables | 22,852,000 | 22,818,000 | 24,146,000 | 28,700,000 | 29,583,000 | 30,767,000 | 28,775,000 | 29,193,000 | 31,944,000 | 30,465,000 | 29,501,000 | 29,620,000 | 33,353,000 | 27,016,000 | 18,483,000 | 20,982,000 | 20,693,000 | 18,462,000 | 25,655,000 | |
prepaid expenses and other current assets | 7,328,000 | 7,018,000 | 8,076,000 | 9,544,000 | 8,769,000 | 7,156,000 | 10,323,000 | 11,502,000 | 10,730,000 | 11,529,000 | 10,777,000 | 12,229,000 | 12,238,000 | |||||||
total current assets | 133,857,000 | 134,771,000 | 138,542,000 | 151,104,000 | 145,449,000 | 147,102,000 | 144,268,000 | 146,999,000 | 169,654,000 | 174,883,000 | 170,085,000 | 169,516,000 | 173,075,000 | 175,979,000 | 244,004,000 | 247,418,000 | 241,784,000 | 261,764,000 | 269,649,000 | 898,397 |
property and equipment | 12,434,000 | 13,426,000 | 14,083,000 | 14,647,000 | 14,908,000 | 16,118,000 | 17,532,000 | 18,256,000 | 17,905,000 | 17,549,000 | 18,027,000 | 17,506,000 | 17,345,000 | 17,532,000 | 8,331,000 | 7,115,000 | 5,289,000 | 5,222,000 | 5,254,000 | |
operating lease right-of-use assets | 6,292,000 | 7,533,000 | 8,315,000 | 9,110,000 | 8,737,000 | 9,703,000 | 10,545,000 | 10,746,000 | 8,461,000 | 9,369,000 | 10,212,000 | 13,033,000 | 14,395,000 | 15,562,000 | ||||||
intangible assets and internal-use software | 71,643,000 | 80,105,000 | 83,371,000 | 86,825,000 | ||||||||||||||||
goodwill | 52,222,000 | 52,222,000 | 52,222,000 | 52,222,000 | 52,222,000 | 52,222,000 | 52,222,000 | 47,133,000 | 47,133,000 | 47,133,000 | 47,133,000 | 47,133,000 | 47,133,000 | 47,133,000 | 5,059,000 | 5,059,000 | 5,059,000 | 5,059,000 | 5,059,000 | |
deferred income taxes | 4,090,000 | 3,758,000 | 3,683,000 | 3,343,000 | 3,399,000 | 2,699,000 | 2,666,000 | 2,711,000 | 2,764,000 | 20,991,000 | 17,294,000 | 16,208,000 | 13,969,000 | 11,111,000 | 3,803,000 | 6,282,000 | 6,562,000 | 5,759,000 | ||
other long-term assets | 1,887,000 | 6,236,000 | 2,128,000 | 2,096,000 | 2,291,000 | 3,415,000 | 3,506,000 | 2,992,000 | 3,224,000 | 3,690,000 | 3,534,000 | 3,631,000 | 4,658,000 | 4,603,000 | 13,387,000 | 12,481,000 | 14,408,000 | 7,849,000 | 4,696,000 | |
total non-current assets | 148,568,000 | 155,847,000 | 160,611,000 | 165,129,000 | 168,326,000 | 175,853,000 | 186,282,000 | 186,448,000 | 187,820,000 | 191,438,000 | 174,614,000 | 175,953,000 | 178,557,000 | 176,030,000 | 88,655,000 | 81,148,000 | 93,060,000 | 68,773,000 | 64,526,000 | |
total assets | 282,425,000 | 290,618,000 | 299,153,000 | 316,233,000 | 313,775,000 | 322,955,000 | 330,550,000 | 333,447,000 | 357,474,000 | 366,321,000 | 344,699,000 | 345,469,000 | 351,632,000 | 352,009,000 | 332,659,000 | 328,566,000 | 334,844,000 | 330,537,000 | 334,175,000 | 216,191,072 |
liabilities and stockholders’ equity | ||||||||||||||||||||
current liabilities: | ||||||||||||||||||||
accounts payable | 11,104,000 | 1,493,000 | 5,210,000 | 3,688,000 | 3,749,000 | 1,518,000 | 4,190,000 | 3,745,000 | 3,817,000 | 1,907,000 | 2,658,000 | 2,714,000 | 3,412,000 | 4,425,000 | 6,524,000 | 8,759,000 | 7,793,000 | 8,832,000 | 8,662,000 | |
operating lease liabilities, current | 3,685,000 | 3,656,000 | 3,774,000 | 3,586,000 | 3,199,000 | 3,405,000 | 3,486,000 | 3,278,000 | 3,461,000 | 4,236,000 | 4,219,000 | 4,538,000 | 4,506,000 | 4,571,000 | ||||||
minimum guarantee liability, current | 8,419,000 | |||||||||||||||||||
contingent consideration, current | 2,535,000 | 5,561,000 | ||||||||||||||||||
accrued and other current liabilities | 18,309,000 | 32,468,000 | 26,470,000 | 34,162,000 | 33,437,000 | 44,495,000 | 27,010,000 | 28,034,000 | 29,029,000 | 38,796,000 | ||||||||||
total current liabilities | 44,052,000 | 43,178,000 | 35,454,000 | 41,436,000 | 40,385,000 | 49,418,000 | 34,686,000 | 35,490,000 | 37,458,000 | 46,025,000 | 34,591,000 | 38,150,000 | 35,599,000 | 34,151,000 | 34,763,000 | 34,765,000 | 29,913,000 | 27,896,000 | 43,657,000 | |
operating lease liabilities, noncurrent | 3,220,000 | 4,070,000 | ||||||||||||||||||
minimum guarantee liability, noncurrent | 12,000,000 | |||||||||||||||||||
contingent consideration, noncurrent | 2,993,000 | 2,747,000 | ||||||||||||||||||
other long-term liabilities | 58,000 | 757,000 | 137,000 | 451,000 | 450,000 | 442,000 | 1,362,000 | 1,203,000 | 1,061,000 | 1,048,000 | 1,327,000 | 1,384,000 | 2,240,000 | 2,385,000 | 2,306,000 | 2,235,000 | 1,464,000 | 1,672,000 | 1,739,000 | |
total non-current liabilities | 19,047,000 | 19,574,000 | 24,774,000 | 29,506,000 | 29,308,000 | 28,822,000 | 30,683,000 | 34,394,000 | 31,594,000 | 31,945,000 | 7,872,000 | 12,074,000 | 14,314,000 | 15,545,000 | 7,453,000 | 1,464,000 | 4,251,000 | 4,495,000 | ||
total liabilities | 63,099,000 | 62,752,000 | 60,228,000 | 70,942,000 | 69,693,000 | 78,240,000 | 65,369,000 | 69,884,000 | 69,052,000 | 77,970,000 | 42,463,000 | 50,224,000 | 49,913,000 | 49,696,000 | 37,069,000 | 42,218,000 | 31,377,000 | 32,147,000 | 48,152,000 | 25,401,002 |
commitments and contingencies | ||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||
preferred stock, 0.0001 par value | ||||||||||||||||||||
class a common stock | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 12,000 | 12,000 | 12,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | |
class b common stock | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
additional paid-in capital | 342,945,000 | 340,802,000 | 338,486,000 | 335,674,000 | 331,706,000 | 327,951,000 | 324,077,000 | 319,682,000 | 315,526,000 | 310,944,000 | 306,111,000 | 302,528,000 | 297,662,000 | 290,337,000 | 280,756,000 | 276,621,000 | 268,522,000 | 264,067,000 | 262,931,000 | 6,361,165 |
accumulated deficit | -70,639,000 | -59,963,000 | -46,270,000 | -37,152,000 | -34,204,000 | -31,324,000 | -8,912,000 | -5,815,000 | -1,361,994 | |||||||||||
accumulated other comprehensive income | 1,799,000 | 1,806,000 | 1,488,000 | 1,548,000 | -632,000 | -695,000 | -1,554,000 | -984,000 | 124,000 | -151,000 | -9,000 | 387,000 | 393,000 | 389,000 | 394,000 | |||||
treasury stock | -54,792,000 | -54,792,000 | -54,792,000 | -54,792,000 | -52,847,000 | -51,293,000 | -49,302,000 | -48,763,000 | -22,930,000 | -20,094,000 | -20,094,000 | -20,094,000 | -10,048,000 | -4,642,000 | ||||||
total stockholders’ equity | 219,326,000 | 227,866,000 | 238,925,000 | 245,291,000 | 244,082,000 | 244,715,000 | 265,181,000 | 263,563,000 | 288,422,000 | 288,351,000 | 302,236,000 | 295,245,000 | 301,719,000 | 302,313,000 | 295,590,000 | 286,348,000 | 303,467,000 | 298,390,000 | 286,023,000 | |
total liabilities and stockholders’ equity | 282,425,000 | 290,618,000 | 299,153,000 | 316,233,000 | 313,775,000 | 322,955,000 | 330,550,000 | 333,447,000 | 357,474,000 | 366,321,000 | 344,699,000 | 345,469,000 | 351,632,000 | 352,009,000 | 332,659,000 | 328,566,000 | 334,844,000 | 330,537,000 | 334,175,000 | |
intangibles assets and internal-use software | 76,430,000 | 90,996,000 | 99,778,000 | 104,655,000 | 108,386,000 | 110,933,000 | 74,717,000 | 77,356,000 | 78,818,000 | |||||||||||
minimum guarantee liability | 12,000,000 | 14,610,000 | 19,735,000 | 18,834,000 | 18,000,000 | 18,000,000 | 24,000,000 | 24,000,000 | 24,000,000 | 1,500,000 | 1,500,000 | 1,500,000 | 200,000 | |||||||
contingent consideration | 4,362,000 | 2,996,000 | 3,665,000 | 3,340,000 | 3,255,000 | |||||||||||||||
operating lease liabilities, non-current | 4,875,000 | 5,793,000 | 5,828,000 | 6,659,000 | 7,513,000 | 7,865,000 | 5,532,000 | 5,699,000 | 6,545,000 | 9,190,000 | 10,574,000 | 11,660,000 | ||||||||
accumulated other comprehensive loss | -586,000 | -1,022,000 | -629,000 | -94,000 | ||||||||||||||||
warrant liabilities | 433,000 | 1,151,000 | 1,086,000 | 2,301,000 | 6,517,000 | 4,740,000 | 3,682,000 | 8,266,000 | 9,237,000 | 6,521,000 | 8,468,000 | 20,344,000 | 17,801,733 | |||||||
retained earnings | -3,204,000 | 17,227,000 | 13,427,000 | 14,186,000 | 16,756,000 | 14,830,000 | 9,327,000 | 34,539,000 | 33,921,000 | 22,685,000 | ||||||||||
(accumulated deficit) retained earnings | -2,637,000 | |||||||||||||||||||
accrued liabilities | 25,413,000 | 24,381,000 | 22,941,000 | 21,473,000 | 19,973,000 | 16,769,000 | 15,599,000 | 10,596,000 | 14,651,000 | |||||||||||
prepaid expenses | 5,148,000 | 2,092,000 | 3,456,000 | 5,059,000 | 6,440,000 | 3,156,000 | 633,767 | |||||||||||||
income tax receivable | 1,372,000 | 1,805,000 | 1,827,000 | 2,117,000 | 10,471,000 | 10,454,000 | ||||||||||||||
other current assets | 8,443,000 | 986,000 | 1,188,000 | 413,000 | 416,000 | 483,000 | ||||||||||||||
internal-use software | 36,118,000 | 35,385,000 | 35,622,000 | 43,267,000 | 42,731,000 | 42,358,000 | ||||||||||||||
intangibles | 41,113,000 | 15,382,000 | 17,068,000 | 18,755,000 | 1,350,000 | 1,400,000 | ||||||||||||||
current assets | ||||||||||||||||||||
cash | 264,630 | |||||||||||||||||||
security deposit | 2,875 | |||||||||||||||||||
cash and marketable securities held in trust account | 215,289,800 | |||||||||||||||||||
liabilities and shareholders’ equity | ||||||||||||||||||||
current liabilities - accrued expenses | 65,519 | |||||||||||||||||||
deferred underwriting fee payable | 7,533,750 | |||||||||||||||||||
class a ordinary shares subject to possible redemption, 18,575,572 and 17,950,991 shares at redemption value at march 31, 2021 and december 31, 2020, respectively | 185,790,066 | |||||||||||||||||||
shareholders’ equity | ||||||||||||||||||||
preference shares, 0.0001 par value... | ||||||||||||||||||||
class a ordinary shares, 0.0001 par value... | 295 | |||||||||||||||||||
class b ordinary shares, 0.0001 par value... | 538 | |||||||||||||||||||
total shareholders’ equity | 5,000,004 | |||||||||||||||||||
total liabilities and shareholders’ equity | 216,191,072 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||
net loss | -10,676,000 | -13,693,000 | -9,118,000 | -2,948,000 | -2,880,000 | -2,611,000 | -567,000 | -759,000 | -2,570,000 | ||||||||||
adjustments: | |||||||||||||||||||
depreciation and amortization | 9,833,000 | 9,617,000 | 9,576,000 | 9,535,000 | 9,632,000 | 10,627,000 | 11,593,000 | 11,654,000 | 11,566,000 | 11,573,000 | 11,537,000 | 11,116,000 | 11,033,000 | 8,288,000 | 8,394,000 | 7,253,000 | 7,213,000 | ||
stock-based compensation expense | 2,384,000 | 2,247,000 | 3,030,000 | 4,608,000 | 4,258,000 | 3,805,000 | 4,584,000 | 4,930,000 | 4,794,000 | 4,331,000 | 4,344,000 | 5,194,000 | 4,853,000 | 3,140,000 | 6,868,000 | 775,000 | 751,000 | ||
change in fair value of contingent consideration | -2,780,000 | 2,946,000 | 1,866,000 | -169,000 | 325,000 | 0 | 0 | -1,003,000 | 53,000 | ||||||||||
asset impairments | 133,000 | 1,846,000 | 1,107,000 | 0 | 8,353,000 | ||||||||||||||
deferred income tax benefit | 209,000 | -554,000 | |||||||||||||||||
other | 823,000 | 126,000 | 227,000 | 363,000 | 616,000 | 275,000 | 381,000 | 210,000 | 114,000 | 627,000 | 69,000 | 53,000 | -179,000 | 83,000 | -203,000 | 28,000 | 1,386,000 | ||
changes in operating assets and liabilities | |||||||||||||||||||
receivables | 321,000 | 1,364,000 | 1,268,000 | 511,000 | 1,092,000 | 2,231,000 | 295,000 | 2,756,000 | -1,595,000 | -1,150,000 | 223,000 | 2,858,000 | -6,861,000 | 2,632,000 | -203,000 | -2,397,000 | 7,682,000 | ||
prepaid expenses and other current assets | -923,000 | 286,000 | 1,073,000 | -451,000 | -1,730,000 | 478,000 | 1,599,000 | 273,000 | -1,081,000 | -2,809,000 | 35,000 | 1,112,000 | 201,000 | 1,609,000 | 871,000 | 3,769,000 | -8,868,000 | ||
income tax receivable | -46,000 | 458,000 | -1,000 | 134,000 | 100,000 | 3,418,000 | -622,000 | -1,088,000 | -425,000 | 192,000 | 915,000 | -3,979,000 | 2,128,000 | -104,000 | 366,000 | 8,354,000 | -17,000 | ||
accounts payable & accrued liabilities | 4,409,000 | 122,000 | -1,884,000 | 1,992,000 | -8,379,000 | 11,028,000 | -1,137,000 | -1,375,000 | -7,865,000 | 3,696,000 | -1,249,000 | 2,472,000 | -3,492,000 | -14,000 | 1,926,000 | -1,807,000 | -4,152,000 | ||
net cash from operating activities | 3,718,000 | 3,739,000 | 5,659,000 | 13,642,000 | 3,300,000 | 11,616,000 | 14,593,000 | 14,533,000 | 4,998,000 | 15,328,000 | 12,515,000 | 19,378,000 | 4,503,000 | 9,357,000 | 11,585,000 | 13,113,000 | 5,626,000 | ||
capital expenditures | -66,000 | -131,000 | -307,000 | -412,000 | -118,000 | -155,000 | -644,000 | -1,738,000 | -1,443,000 | -1,221,000 | -2,289,000 | -976,000 | -1,849,000 | -2,092,000 | -1,936,000 | -769,000 | -750,000 | ||
free cash flows | 3,652,000 | 3,608,000 | 5,352,000 | 13,230,000 | 3,182,000 | 11,461,000 | 13,949,000 | 12,795,000 | 3,555,000 | 14,107,000 | 10,226,000 | 18,402,000 | 2,654,000 | 7,265,000 | 9,649,000 | 12,344,000 | 4,876,000 | ||
cash flows from investing activities: | |||||||||||||||||||
purchase of property and equipment | -66,000 | -131,000 | -307,000 | -412,000 | -118,000 | -155,000 | -644,000 | -1,738,000 | -1,443,000 | -1,221,000 | -2,289,000 | -976,000 | -1,849,000 | -2,092,000 | -1,936,000 | -769,000 | -750,000 | ||
additions to internal-use software | -4,006,000 | -3,999,000 | -4,067,000 | -3,998,000 | -3,461,000 | -4,037,000 | -4,712,000 | -4,770,000 | -5,105,000 | -5,226,000 | -5,088,000 | -5,491,000 | -5,937,000 | -4,884,000 | -5,519,000 | -6,350,000 | -6,387,000 | ||
net cash from investing activities | -4,118,000 | -4,226,000 | -4,646,000 | -4,421,000 | -3,609,000 | -4,192,000 | -9,042,000 | -6,538,000 | -6,522,000 | -10,451,000 | -7,667,000 | -6,570,000 | -7,618,000 | -6,976,000 | -5,107,000 | -26,622,000 | -9,137,000 | ||
cash flows from financing activities: | |||||||||||||||||||
proceeds from stock option exercises | 0 | 0 | 0 | 122,000 | 90,000 | 82,000 | 38,000 | 77,000 | 203,000 | 464,000 | 542,000 | 1,916,000 | 559,000 | 130,000 | 321,000 | 192,000 | |||
payments for tax withholding of stock-based compensation | -378,000 | -51,000 | -379,000 | -813,000 | -740,000 | -207,000 | -630,000 | -1,183,000 | -685,000 | -163,000 | -1,637,000 | ||||||||
payment of minimum guarantee liabilities | -347,000 | -7,126,000 | -1,796,000 | -284,000 | -5,146,000 | -1,203,000 | -819,000 | ||||||||||||
repurchases of treasury stock | 0 | -49,000 | -1,896,000 | -1,554,000 | -2,046,000 | -485,000 | -25,833,000 | -2,836,000 | 0 | 0 | -10,046,000 | -5,406,000 | |||||||
net cash from financing activities | -725,000 | -392,000 | -7,554,000 | -4,505,000 | -2,456,000 | -3,290,000 | -6,179,000 | -28,181,000 | -4,263,000 | -2,417,000 | -2,200,000 | -12,077,000 | -3,490,000 | -1,233,000 | 130,000 | 180,000 | -503,000 | ||
foreign currency translation | -130,000 | 99,000 | 5,000 | 1,052,000 | 84,000 | -120,000 | 94,000 | -490,000 | -122,000 | 622,000 | -508,000 | -548,000 | 89,000 | -475,000 | -145,000 | 856,000 | 88,000 | ||
net change in cash, cash equivalents, and restricted cash | -1,255,000 | -780,000 | -6,536,000 | 5,768,000 | -2,681,000 | 4,014,000 | |||||||||||||
cash, cash equivalents, and restricted cash at beginning of period | 105,555,000 | -602,000 | 0 | 0 | 110,386,000 | ||||||||||||||
cash, cash equivalents, and restricted cash at end of period | 104,300,000 | -1,382,000 | -6,536,000 | 5,768,000 | 107,705,000 | 4,014,000 | |||||||||||||
supplemental cash flow disclosures: | |||||||||||||||||||
interest paid | 41,000 | 668,000 | 41,000 | 41,000 | 41,000 | 42,000 | 41,000 | 41,000 | 41,000 | 41,000 | 66,000 | 41,000 | 41,000 | 38,000 | 35,000 | 72,000 | 0 | ||
income taxes paid, net of refunds | 616,000 | 650,000 | -23,000 | 549,000 | 756,000 | 1,247,000 | 659,000 | 692,000 | 1,202,000 | 414,000 | -172,000 | 244,000 | 353,000 | ||||||
non-cash investing and financing activities: | |||||||||||||||||||
capitalization of stock-based compensation | 137,000 | 161,000 | 170,000 | 116,000 | 358,000 | 371,000 | 397,000 | 412,000 | 372,000 | 556,000 | 436,000 | 1,101,000 | 155,000 | 182,000 | |||||
additions to intangible assets related to licensing agreements | 875,000 | 901,000 | 834,000 | 313,000 | 1,445,000 | 2,370,000 | 2,967,000 | 2,248,000 | 4,617,000 | ||||||||||
amortization of loan costs | 44,000 | 43,000 | 44,000 | 43,000 | 44,000 | 43,000 | 39,000 | 38,000 | 38,000 | 37,000 | 38,000 | 38,000 | 34,000 | 34,000 | 73,000 | 99,000 | |||
change in fair value of warrant liabilities | -119,000 | 73,000 | -9,000 | -101,000 | 73,000 | -276,000 | -717,000 | 64,000 | -1,215,000 | -4,216,000 | 1,777,000 | 1,058,000 | 821,000 | 2,716,000 | -1,947,000 | -11,876,000 | |||
asset impairments and write-downs | |||||||||||||||||||
payment for business combination | |||||||||||||||||||
payments for minimum guarantee obligations | -1,027,000 | ||||||||||||||||||
income taxes paid, net of | |||||||||||||||||||
assets acquired from business combination | |||||||||||||||||||
right-of-use assets acquired under operating leases | 0 | 623,000 | |||||||||||||||||
deferred income tax expense | -340,000 | 215,000 | -1,085,000 | -754,000 | 380,000 | -134,000 | 19,190,000 | -3,701,000 | -1,044,000 | -2,228,000 | -12,512,000 | 7,945,000 | 784,000 | -780,000 | |||||
additions to property and equipment included in accounts payable and other long-term liabilities | |||||||||||||||||||
purchase of intangible assets | |||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 0 | 132,889,000 | 0 | 0 | 0 | 134,000,000 | 0 | 213,502,000 | 0 | 0 | |||||||
net income | -19,864,000 | -25,212,000 | 618,000 | 11,236,000 | -7,375,699 | 6,258,699 | |||||||||||||
net change in cash and cash equivalents | -20,676,000 | -5,909,000 | 3,082,000 | 2,140,000 | 183,000 | -6,516,000 | 673,000 | 6,463,000 | -12,473,000 | -3,926,000 | |||||||||
cash and cash equivalents at end of period | -20,676,000 | 126,980,000 | 3,082,000 | 2,140,000 | 183,000 | 127,484,000 | 673,000 | 219,965,000 | -12,473,000 | -3,926,000 | |||||||||
increase in property and equipment included in accounts payable and other long-term liabilities | 168,000 | 656,000 | |||||||||||||||||
acquisition of subsidiary, net of cash | |||||||||||||||||||
additions to notes receivable and other investments | -3,000 | ||||||||||||||||||
advance payment related to license agreements | |||||||||||||||||||
payment for tender offer of warrants | |||||||||||||||||||
payment for minimum guarantee obligations | |||||||||||||||||||
net proceeds from acies merger | |||||||||||||||||||
exchange of notes receivable as consideration related to the wonderblocks acquisition | |||||||||||||||||||
contingent consideration related to the wonderblocks acquisition | |||||||||||||||||||
additions to other investments | |||||||||||||||||||
proceeds from notes receivable | |||||||||||||||||||
repurchases of common stock for retirement | |||||||||||||||||||
net proceeds from business combination | -141,000 | -411,000 | |||||||||||||||||
reduction of notes receivable in exchange for internal-use software | 0 | 259,000 | |||||||||||||||||
settlement of mgm profit share liability through the issuance of shares of class a common stock | 0 | 0 | |||||||||||||||||
receipts of notes receivable | 2,348,000 | ||||||||||||||||||
payments for capitalized offering costs | |||||||||||||||||||
capitalization of deferred transaction costs included in accrued liabilities and accounts payable | |||||||||||||||||||
addition to note receivable included in accrued liabilities | |||||||||||||||||||
noncash additions to intangible assets related to license agreements | |||||||||||||||||||
additions to notes receivable | |||||||||||||||||||
ordinary shares subject to possible redemption | |||||||||||||||||||
numerator: earnings allocable to ordinary shares subject to possible redemption | |||||||||||||||||||
interest earned on marketable securities held in trust account | 15,212 | ||||||||||||||||||
unrealized loss on marketable securities held in trust account | -3,071 | ||||||||||||||||||
net income allocable to shares subject to redemption | 12,141 | ||||||||||||||||||
denominator: weighted-average class a ordinary shares subject to possible redemption | |||||||||||||||||||
basic and diluted weighted-average shares outstanding | 17,950,991 | ||||||||||||||||||
basic and diluted net income per share | 0.7 | ||||||||||||||||||
non-redeemable ordinary shares | |||||||||||||||||||
numerator: net income minus net earnings | |||||||||||||||||||
less: net income allocable to class a ordinary shares subject to possible redemption | -12,141 | ||||||||||||||||||
non-redeemable net income | 6,246,558 | ||||||||||||||||||
denominator: weighted-average non-redeemable ordinary shares |
