GMGI · Golden Matrix Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $50.10M | - | $47.32M | $43.25M | $24.85M | - | $22.21M | $22.58M | $11.84M | - |
| Cost of Revenue | $21.96M | - | $20.93M | $18.87M | $7.16M | - | $6.12M | $6.04M | $8.47M | - |
| Gross Profit | $28.14M | - | $26.39M | $24.38M | $17.69M | - | $16.09M | $16.54M | $3.38M | - |
| R&D | $0 | - | - | - | - | - | - | - | - | - |
| SG&A | $24.99M | - | $26.77M | $26.68M | $14.00M | - | $12.86M | $21.56M | $2.34M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | $3.10M | - |
| D&A | $1.44M | - | $1.41M | $1.34M | $2.15M | - | $420.8K | $1.91M | $111.5K | - |
| Operating Income | $3.16M | - | ($387.6K) | ($2.30M) | $3.69M | - | ($976.4K) | $3.93M | $279.2K | - |
| Interest Expense | $353.7K | - | $510.6K | $1.48M | $4.4K | - | $790.2K | $32.5K | $600 | - |
| Income Tax | $696.1K | - | $201.6K | $490.4K | $281.7K | - | $316.7K | $418.2K | $262.2K | - |
| Net Income | $2.17M | - | $566.0K | ($3.58M) | $3.99M | - | ($3.41M) | $15.6K | $74.5K | - |
| EPS - Basic | $0.18 | - | $0.00 | ($0.03) | $0.05 | - | ($0.03) | $0.00 | $0.00 | - |
| EPS - Diluted | $0.18 | - | $0.00 | ($0.03) | $0.05 | - | $0.04 | $0.04 | $0.00 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $16.23M | $18.08M | $22.04M | $22.14M | $21.63M | $30.13M | $38.40M | $32.83M | $17.29M | $17.10M |
| Accounts Receivable | $5.50M | $7.95M | $7.25M | $7.09M | $6.89M | $6.06M | $8.50M | $7.22M | $4.03M | $3.55M |
| Inventory | $4.86M | $5.52M | $5.68M | $4.76M | $4.88M | $3.94M | $4.41M | $3.34M | $2.38M | $1.71M |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $30.48M | $35.44M | $39.15M | $38.97M | $45.93M | $45.07M | $56.67M | $48.56M | $24.19M | $22.85M |
| Total Assets | $111.87M | $118.08M | $209.78M | $210.27M | $213.95M | $213.72M | $213.49M | $79.85M | $37.10M | $35.58M |
| Current Liabilities | $53.26M | $59.57M | $64.41M | $63.57M | $62.00M | $63.55M | $69.39M | $17.78M | $4.69M | $4.48M |
| Long-term Debt | $4.85M | $6.59M | $8.75M | $11.33M | $13.46M | $14.36M | $16.17M | $19.42M | - | - |
| Total Liabilities | $61.44M | $69.74M | $82.68M | $85.29M | $101.58M | $104.77M | $114.90M | $19.87M | $4.95M | $4.48M |
| Stockholders' Equity | $48.73M | $46.55M | $123.54M | $121.28M | $108.53M | $105.07M | $94.25M | $89.53M | $32.15M | $31.10M |
| Retained Earnings | ($30.80M) | ($33.07M) | $53.73M | $53.16M | $56.82M | $57.05M | $59.18M | $62.58M | ($25.77M) | ($25.85M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $5.16M | - | - | - | $4.46M | - | - | - | $8.2K | - |
| Investing Cash Flow | ($2.47M) | - | - | - | ($2.25M) | - | - | - | ($1.5K) | - |
| Financing Cash Flow | ($4.57M) | - | - | - | $818.2K | - | - | - | - | - |
| CapEx | - | - | - | - | $932.2K | - | - | - | $1.9K | - |
| Free Cash Flow | - | - | - | - | $3.53M | - | - | - | $6.2K | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 56.2% | - | 55.8% | 56.4% | 71.2% | - | 72.5% | 73.2% | 28.5% | - |
| Operating margin | 6.3% | - | -0.8% | -5.3% | 14.9% | - | -4.4% | 17.4% | 2.4% | - |
| EBITDA margin | 9.2% | - | 2.2% | -2.2% | 23.5% | - | -2.5% | 25.9% | 3.3% | - |
| Net margin | 4.3% | - | 1.2% | -8.3% | 16.1% | - | -15.3% | 0.1% | 0.6% | - |
| Free cash flow margin | - | - | - | - | 14.2% | - | - | - | 0.1% | - |
| FCF / Net income | - | - | - | - | 0.88 | - | - | - | 0.08 | - |
| R&D / Revenue | 0.0% | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 49.9% | - | 56.6% | 61.7% | 56.3% | - | 57.9% | 95.5% | 19.7% | - |
| Effective tax rate | 24.3% | - | 26.3% | - | 6.6% | - | - | 96.4% | 77.9% | - |
| Return on assets | 1.9% | - | 0.3% | -1.7% | 1.9% | - | -1.6% | 0.0% | 0.2% | - |
| Return on equity | 4.4% | - | 0.5% | -3.0% | 3.7% | - | -3.6% | 0.0% | 0.2% | - |
| Return on invested capital | 4.5% | - | -0.2% | -1.4% | 2.8% | - | -0.7% | 1.8% | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.57 | 0.59 | 0.61 | 0.61 | 0.74 | 0.71 | 0.82 | 2.73 | 5.16 | 5.10 |
| Quick ratio | 0.48 | 0.50 | 0.52 | 0.54 | 0.66 | 0.65 | 0.75 | 2.54 | 4.65 | 4.72 |
| Cash ratio | 0.30 | 0.30 | 0.34 | 0.35 | 0.35 | 0.47 | 0.55 | 1.85 | 3.68 | 3.82 |
| Leverage | ||||||||||
| Debt / Equity | 0.10 | 0.14 | 0.07 | 0.09 | 0.12 | 0.14 | 0.17 | 0.22 | - | - |
| Debt / Assets | 0.04 | 0.06 | 0.04 | 0.05 | 0.06 | 0.07 | 0.08 | 0.24 | - | - |
| Debt / EBITDA | 1.06 | - | 8.53 | - | 2.30 | - | - | 3.33 | - | - |
| Interest coverage | 8.9x | - | -0.8x | -1.6x | 845.1x | - | -1.2x | 120.9x | 465.3x | - |
| Equity multiplier | 2.30 | 2.54 | 1.70 | 1.73 | 1.97 | 2.03 | 2.27 | 0.89 | 1.15 | 1.14 |
| Liabilities / Assets | 0.55 | 0.59 | 0.39 | 0.41 | 0.47 | 0.49 | 0.54 | 0.25 | 0.13 | 0.13 |
| Efficiency | ||||||||||
| Asset turnover | 0.45 | - | 0.23 | 0.21 | 0.12 | - | 0.10 | 0.28 | 0.32 | - |
| Inventory turnover | 4.52 | - | 3.68 | 3.96 | 1.47 | - | 1.39 | 1.81 | 3.56 | - |
| Days sales outstanding | 40d | - | 56d | 60d | 101d | - | 140d | 117d | 124d | - |
| Days inventory outstanding | 81d | - | 99d | 92d | 249d | - | 263d | 202d | 102d | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 101.6% | - | 113.0% | 91.5% | 109.8% | - | 96.4% | 119.0% | 9.9% | - |
| Revenue CAGR (3y) | 66.9% | - | 73.2% | 152.2% | 40.9% | - | 188.9% | 328.4% | 287.7% | - |
| Revenue CAGR (5y) | 200.9% | - | - | 168.7% | 132.9% | - | 167.3% | 539.0% | 615.2% | - |
| Gross profit growth (YoY) | 59.1% | - | 64.0% | 47.4% | 424.2% | - | 653.7% | 702.8% | 38.2% | - |
| Operating income growth (YoY) | -14.5% | - | 60.3% | - | 1223.1% | - | -9.4% | - | - | - |
| Net income growth (YoY) | -45.7% | - | - | - | 5256.3% | - | -252.7% | - | - | - |
| EPS growth (YoY) | 260.0% | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | 71.0% | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | 56382.4% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -55.1% | -55.7% | 31.1% | 35.5% | 237.6% | 237.8% | 205.0% | 190.2% | 5.3% | 4.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$365.73M totalTotal Segments$182.86M · 50.0%
Meridian Bet Group$124.56M · 34.1%
RKings And CFAC$43.80M · 12.0%
GMAG$14.51M · 4.0%
Geographic
$182.86M totalEurope UKExcl$102.49M · 56.0%
GB$35.08M · 19.2%
Africa$15.48M · 8.5%
Asia Pacific$12.22M · 6.7%
Central And South America$8.88M · 4.9%
AU$8.72M · 4.8%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing Golden Matrix Group against the 5 most active filers in the same SIC group.