Mobile Global Esports reported minimal revenue of $0.0037 million for the year ended December 31, 2025, largely from a beta fantasy sports league, while recording a net loss of $2.2623 million and a loss from operations of $2.1580 million. Revenue consisted principally of approximately $4,000 from the Dominus Sports beta league; per-share figures were not disclosed in Part II Items 7/8. The company is reallocating resources toward its flagship product and has materially reduced operations in other markets.

Financial Highlights

• Revenue: $0.0037 million for the year ended December 31, 2025; revenue from beta league approximately $4,000.
• Gross Profit: $0 million; cost of revenue described as immaterial for the year ended December 31, 2025.
• Operating Income (Loss): $(2.1580) million loss from operations for 2025 (noted as a 32% increase in loss versus 2024).
• Net Income (Loss): $(2.2623) million net loss for 2025 (noted as a 3% improvement versus 2024).
• Net Income Per Share: Not stated in Part II Items 7/8 and therefore omitted.

Business Highlights

• Product focus and pivot: Launched Dominus Sports beta fantasy baseball and strategically shifted company focus to this flagship product while exiting India operations.
• Monetization approach: Beta league monetization driven by team ownership fees and microtransactions during 2025.
• Operational restructuring: Discontinued MOGO Pvt Ltd campus league operations to reduce related expenses and reallocate resources toward Dominus Sports.
• Technology investment: Capitalized significant software development efforts, including acquisition of an RSO asset, to support a mobile-first, data-driven platform.
• User engagement strategy: Emphasis on personalized, skill-based formats and behavioral logic to increase user optionality and retention going forward.

Original SEC Filing: Mobile Global Esports, Inc. [ MGAM ] - 10-K - Mar. 31, 2026