GameSquare Holdings Inc. Common Stock (GAME)

FairStock Score: 37/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Graham-style investor, I start with numbers, not the story. GameSquare operates in gaming media and entertainment, but it has not earned a profit in each of the last four years. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $18.5M and net income was -$10.6M. That is rapid growth from $7.8M in fiscal Q2 2025, the quarter ended 2025-06-30, yet the business still lost money. Full-year fiscal 2025, ended 2025-12-31, revenue was $45.0M and net income was -$40.1M; fiscal 2024 revenue was $27.5M with net income of -$48.8M. Losses are large relative to revenue, and trailing free cash flow is -$79.2M, a -26.0% FCF yield on the $304.2M market cap. Balance-sheet risk is high: debt-to-equity is 1.36, Altman Z-score is -0.68 by FairStock's calculation, and return on equity is -2323.94%. The Piotroski F-score of 5/9 is mediocre. I see no durable moat from the figures—only media assets and audience access, with no consistent profit or pricing power shown. At $2.93 on 2026-10-13, the P/E is negative at -0.68 and P/B is 3.81, so the price is not supported by earnings or assets. FairStock score 37/100 and a Lynch category of none—because of losses in each of the last four years—tell me this is speculation, not value. Growth without profit and cash generation can destroy capital.

In plain English: GameSquare is a media and gaming company that works with brands and owns FaZe Clan. It is growing sales quickly but losing money and burning cash. At the 2026-10-13 close of $2.93, the stock looks expensive compared with its losses and assets.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer