GameSquare Holdings (GAME) Operating Expenses (2023 - 2025)
GameSquare Holdings (GAME) reported Operating Expenses of $22.9 million for Q4 2025, up 5.81% year-over-year from $21.7 million in Q4 2024, and up 187.31% quarter-over-quarter from $8.0 million in Q3 2025.
GameSquare Holdings (GAME) Operating Expenses (2023 - 2025) Analysis & Trends
GameSquare Holdings (GAME) has 3 years of Operating Expenses data on file, last reported at $22.9 million in Q4 2025.
- Operating Expenses for Q4 2025 came in at $22.9 million, up 5.81% year-over-year; the trailing twelve-month figure through Dec 2025 was $48.5 million (up 2.35% YoY), and the FY2025 annual result was $44.8 million, up 2.11% from the prior year.
- Operating Expenses rose to $22.9 million in Q4 2025 per GAME's latest filing, from $8.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $22.9 million in Q4 2025 and troughed at $4.3 million in Q1 2023.
- A 3-year average of $11.0 million and a median of $8.5 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses soared 125.43% in 2024, then retreated 17.85% in 2025.
- A 3-year view of Operating Expenses shows it stood at $15.0 million in 2023, then soared by 44.92% to $21.7 million in 2024, then grew by 5.81% to $22.9 million in 2025.
- Business Quant data shows GAME's Operating Expenses at $22.9 million in Q4 2025, $8.0 million in Q3 2025, and $7.1 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Electronic Arts | 50.76 Bn | 47.89 Bn | 1.76 Bn | 1.19 Bn |
| 2 | Take Two Interactive Software | 42.04 Bn | 40.05 Bn | 938.70 Mn | 927.80 Mn |
| 3 | Roblox | 34.08 Bn | 30.86 Bn | 1.15 Bn | 1.74 Bn |
| 4 | Playtika Holding | 1.32 Bn | 539.18 Mn | 384.10 Mn | 794.30 Mn |
| 5 | Sohu.com | 430.85 Mn | -399.49 Mn | 111.48 Mn | 118.21 Mn |
| 6 | Gdev | 221.62 Mn | 113.30 Mn | 75.00 Mn | -9.00 Mn |
| 7 | Meridian Holdings | 164.46 Mn | 149.93 Mn | 28.14 Mn | 24.99 Mn |
| 8 | Skillz | 132.36 Mn | -27.57 Mn | 25.51 Mn | 37.86 Mn |
| 9 | Brag House Holdings | 89.71 Mn | 89.57 Mn | - | 1.89 Mn |
| 10 | GameSquare Holdings | 53,500.58 | -6.32 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 |