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
DateValue
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