GameSquare Holdings, Inc.

GAMENASDAQTechnology● Active

$0.40

$-0.02(-5.30%)

Market Cap$37300665

P/E Ratio—

52W High$2.87

52W Low$0.235

Avg Volume8.1M

Open$0.41

Beta2.68

Overview

GameSquare Holdings, Inc. (GAME) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

GAME · free cash flow · updated Jun 8, 2026

Core FCF metrics

GAME · FCF · TTM · margin & CAGR

Free cash flow was −$76.3M for FY2025 (fiscal year ending 2025-12-31), down 149.5% year-over-year The FCF margin was -169.5%.

FY2025 Free Cash Flow−$76.3M▼ -149.5% YoY

Trailing 12M (TTM)−$15.8Mtrailing 4 quarters sum

FCF Margin-169.5%−$76.3M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

GAME · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$18.4M(58M)−$76.3M▼ 149.5%-169.5%

FY2024−$30.6M(0M)−$30.6M▼ 90.1%-31.8%

FY2023−$16.1M(0M)−$16.1M▲ +22.3%-38.9%

FY2022−$20.6M(0M)−$20.7M▲ +32.3%-73.7%

FY2021−$30.4M(0M)−$30.6M▼ 132.8%-91.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

GAME · P/FCF · FCF yield · FCF per share

GameSquare Holdings, Inc. (GAME) reported negative free cash flow of −$0.08B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

GAME · cash flow statement · operating / investing / financing

For FY2025, GameSquare Holdings, Inc. generated −$18.4M in operating cash flow and spent 58M in capital expenditures, yielding −$76.3M in free cash flow.

Operating Activities

−$18.4M

Cash from core business operations

2025-12-31

Investing Activities

−$60.3M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$72.7M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$18.4M) − |CapEx| (58M) = FCF (−$76.3M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

GAME vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

GameSquare Holdings, Inc.YOU

GAME

−$76.3M-149.5%-169.5%

Loss

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

GameSquare Holdings, Inc. (GAME) reported free cash flow of −$76.3M for FY2025 (fiscal year ending 2025-12-31), down 149.5% year-over-year. The FCF margin was -169.5%.

GameSquare Holdings, Inc. has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 14 fiscal years.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

GAME free cash flow · 8 questions

GameSquare Holdings, Inc. free cash flow was −$76.3M for FY2025, down 149.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$15.8M.

GAME free cash flowGAME FCFGAME FCF 2025GAME free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · GameSquare Holdings, Inc. · GameSquare Holdings, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026