GameSquare Holdings, Inc. (GAME) intrinsic value & 10-year financials
GameSquare Holdings, Inc. (GAME) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 33.7% a year to $45.0M, with an average return on invested capital of -88.9%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $2.62
- Market cap
- $172.2M
- Revenue (FY2025)
- $45.0M
- Revenue growth (7-yr CAGR)
- 33.7%
- ROIC (10-yr avg)
- -88.9%
- Free cash flow (FY2025)
- -$18.5M
GAME 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $45.0M | -$40.1M | -$0.61 | -$18.5M | -56.1% | -147.7% |
| FY2024 | $96.2M | -$48.8M | -$1.75 | -$30.6M | -48.0% | -503.2% |
| FY2023 | $52.0M | -$31.3M | -$2.81 | -$16.1M | -59.0% | -234.9% |
| FY2022 | $28.1M | -$18.1M | -$1.63 | -$12.0M | -65.0% | -207.5% |
| FY2021 | $33.3M | -$40.8M | -$1.71 | -$30.5M | — | -315.9% |
| FY2020 | $10.5M | -$32.4M | -$7.23 | -$13.2M | — | 875.7% |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
GameSquare Holdings, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
GameSquare Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just -25.3% ROIC.
GameSquare Holdings, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, GameSquare Holdings, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-20.26 per share.