GameSquare Holdings (GAME) Operating Expenses (2020 - 2025)
GameSquare Holdings (GAME) posted quarterly Operating Expenses of $22.9 million for Q4 2025, up 5.81% year-on-year from $21.7 million in Q4 2024, and up 187.31% on a QoQ basis from $8.0 million in Q3 2025.
GameSquare Holdings (GAME) Operating Expenses (2020 - 2025) Analysis & Trends
GameSquare Holdings (GAME) has reported Operating Expenses for 6 consecutive years, with $22.9 million the latest figure, recorded in Q4 2025.
- Quarterly Operating Expenses rose 5.81% year-over-year to $22.9 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $48.5 million (up 2.35% YoY) and the FY2025 annual result came in at $44.8 million, up 2.11% from the prior year.
- Operating Expenses grew to $22.9 million in Q4 2025 per GAME's latest filing, from $8.0 million in the prior quarter.
- Over the last five years, Operating Expenses for GAME reached as high as $27.8 million in Q1 2021 and fell as low as $177952.0 in Q3 2022.
- A 5-year average of $11.9 million and a median of $9.9 million in 2021 frame the typical range for Operating Expenses.
- The largest YoY upside for Operating Expenses was 148.0% in 2022 against a maximum downside of 99.09% in 2022.
- Year by year, Operating Expenses stood at $10.1 million in 2021, then jumped by 56.46% to $15.8 million in 2022, then dropped by 5.12% to $15.0 million in 2023, then jumped by 44.92% to $21.7 million in 2024, then advanced by 5.81% to $22.9 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered $22.9 million, $8.0 million, and $7.1 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Electronic Arts | 52.46 Bn | 49.60 Bn | 1.76 Bn | 1.19 Bn |
| 2 | Take Two Interactive Software | 48.15 Bn | 47.69 Bn | 938.70 Mn | 927.80 Mn |
| 3 | Roblox | 33.85 Bn | 30.63 Bn | 1.15 Bn | 1.74 Bn |
| 4 | Gdev | 2.31 Bn | 2.31 Bn | 85.00 Mn | -47.00 Mn |
| 5 | NetEase | 2.16 Bn | -7,331,731.34 Bn | 3.06 Bn | -1.24 Bn |
| 6 | Playtika Holding | 1.35 Bn | 575.11 Mn | 552.50 Mn | 794.30 Mn |
| 7 | Gravity | 418.32 Mn | 418.18 Mn | 35,341.61 | 14,247.76 |
| 8 | Meridian Holdings | 152.70 Mn | 138.17 Mn | 28.14 Mn | 24.99 Mn |
| 9 | Firy | 128.08 Mn | -57.32 Mn | 25.51 Mn | 37.86 Mn |
| 10 | GameSquare Holdings | 24.97 Mn | 16.83 Mn | 8.47 Mn | 22.94 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 22.94 Mn |
| Sep 30, 2025 | 7.99 Mn |
| Jun 30, 2025 | 7.15 Mn |
| Mar 31, 2025 | 10.45 Mn |
| Dec 31, 2024 | 21.68 Mn |
| Sep 30, 2024 | 7.36 Mn |
| Jun 30, 2024 | 8.70 Mn |
| Mar 31, 2024 | 9.67 Mn |
| Dec 31, 2023 | 14.96 Mn |
| Sep 30, 2023 | 7.99 Mn |
| Jun 30, 2023 | 8.24 Mn |
| Mar 31, 2023 | 4.29 Mn |
| Nov 30, 2022 | 15.77 Mn |
| Aug 31, 2022 | 177,952.00 |
| May 31, 2022 | 14.88 Mn |
| Feb 28, 2022 | 13.16 Mn |
| Nov 30, 2021 | 10.08 Mn |
| Aug 31, 2021 | 19.58 Mn |
| May 31, 2021 | 6.00 Mn |
| Feb 28, 2021 | 27.81 Mn |