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
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