GameSquare Holdings (GAME) Cost of Revenue (2023 - 2025)
GameSquare Holdings (GAME) posted quarterly Cost of Revenue of $10.0 million for Q4 2025, up 76.68% year-on-year from $5.7 million in Q4 2024, and up 74.46% on a QoQ basis from $5.7 million in Q3 2025.
GameSquare Holdings (GAME) Cost of Revenue (2023 - 2025) Analysis & Trends
GameSquare Holdings (GAME) has reported Cost of Revenue for 3 consecutive years, with $10.0 million the latest figure, recorded in Q4 2025.
- Quarterly Cost of Revenue rose 76.68% year-over-year to $10.0 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $46.9 million (up 16.15% YoY) and the FY2025 annual result came in at $25.5 million, up 40.87% from the prior year.
- Cost of Revenue climbed to $10.0 million in Q4 2025 per GAME's latest filing, from $5.7 million in the prior quarter.
- Over the last five years, Cost of Revenue for GAME reached as high as $17.8 million in Q1 2025 and fell as low as $1.5 million in Q1 2023.
- A 3-year average of $9.9 million and a median of $9.5 million in 2023 frame the typical range for Cost of Revenue.
- The largest YoY upside for Cost of Revenue was 848.58% in 2024 against a maximum downside of 53.41% in 2024.
- Year by year, Cost of Revenue stood at $12.1 million in 2023, then slumped by 53.41% to $5.7 million in 2024, then soared by 76.68% to $10.0 million in 2025.
- According to Business Quant data, Cost of Revenue over the past three periods registered $10.0 million, $5.7 million, and $13.4 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | NetEase | 78.83 Bn | -7,986,246.37 Bn | 3.06 Bn | 1.35 Bn |
| 2 | Electronic Arts | 52.26 Bn | 49.40 Bn | 1.76 Bn | 364.00 Mn |
| 3 | Take Two Interactive Software | 44.91 Bn | 44.45 Bn | 938.70 Mn | 741.10 Mn |
| 4 | Roblox | 34.34 Bn | 31.14 Bn | 1.15 Bn | 294.00 Mn |
| 5 | Playtika Holding | 1.48 Bn | 698.06 Mn | 552.50 Mn | 192.20 Mn |
| 6 | Gravity | 428.89 Mn | 428.74 Mn | 35,341.61 | 75,415.14 |
| 7 | Gdev | 217.57 Mn | 217.57 Mn | 85.00 Mn | 14.00 Mn |
| 8 | Meridian Holdings | 173.94 Mn | 157.71 Mn | 28.14 Mn | 21.96 Mn |
| 9 | CTW Cayman | 142.09 Mn | 122.34 Mn | - | - |
| 10 | GameSquare Holdings | 2.10 Mn | -6.04 Mn | 8.47 Mn | 9.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 9.98 Mn |
| Dec 31, 2025 | 9.98 Mn |
| Sep 30, 2025 | 5.72 Mn |
| Sep 30, 2025 | 5.72 Mn |
| Jun 30, 2025 | 13.43 Mn |
| Jun 30, 2025 | 13.43 Mn |
| Mar 31, 2025 | 17.78 Mn |
| Mar 31, 2025 | 17.78 Mn |
| Dec 31, 2024 | 5.65 Mn |
| Dec 31, 2024 | 5.65 Mn |
| Sep 30, 2024 | 5.09 Mn |
| Sep 30, 2024 | 5.09 Mn |
| Jun 30, 2024 | 15.31 Mn |
| Jun 30, 2024 | 15.31 Mn |
| Mar 31, 2024 | 14.34 Mn |
| Mar 31, 2024 | 14.34 Mn |
| Dec 31, 2023 | 12.13 Mn |
| Dec 31, 2023 | 12.13 Mn |
| Sep 30, 2023 | 8.99 Mn |
| Sep 30, 2023 | 8.99 Mn |