Golden Matrix Group, Inc.

Golden Matrix Group, Inc.

GMGI
Golden Matrix Group, Inc.US flagNASDAQ Capital Market
0.64
USD
+0.06
- -
8.05MMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2021 Y
2021 Y
2022 Y
2023 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
13.86
4.33
1.42
1.84
3.14
- -
15.42
14.97
13.37
15.98
15.78
15.85
Basic EPS, GAAP
-460,163.67
-374,467.29
-6,934.33
65.06
-2.05
1.13
0.24
- -
-0.11
-0.4
1.97
-0.16
-7.76
-7.28
Free Cash Flow per Basic Share
-204,022.33
-287,233.71
0.9
-0.55
0.47
0.93
1.13
- -
1.12
0.73
1.52
0.2
1.01
0.93
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.26
0.08
0.01
0.01
Book Value per Share
-4,876,335.33
-2,669,157.86
-19,882.41
-971.31
-43.75
-16.89
-15.08
- -
-10.56
-8.76
8.52
6.03
-2.85
-2.57
Tangible Book Value per Share
-309,878
-403,323.86
-2,759.14
-55.49
-2.08
0.66
7.98
- -
7.16
6.26
6.45
-1.98
1.16
1.28
Basic Weighted Avg Shares
- -
- -
- -
- -
1
2
2
- -
2
3
7
9
12
12
Sales/Revenue/Turnover
- -
- -
- -
- -
1
3
5
- -
36
44
93
151
183
190
Operating Margin (%)
- -
- -
-25,734.04
-208.7
-108.21
68.73
7.65
- -
0.53
-1.19
15.12
2.71
-1.98
-0.19
Depreciation Expense
- -
- -
5
- -
- -
- -
- -
- -
- -
- -
5
11
15
14
Net Income, GAAP
-1
-3
-10
2
-1
2
- -
- -
- -
-1
14
-1
-90
-87
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
90.49
- -
10.16
216.66
- -
57.07
Profit Margin (%)
- -
- -
-50,031.22
1,500.9
-143.96
61.41
7.62
- -
-0.69
-2.65
14.73
-0.98
-49.16
-45.94
Working Capital
-1
-3
-4
-2
-1
1
13
19
17
18
9
-18
-24
-23
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
2
20
10
8
Total Equity
-1
-3
-4
-2
-1
1
13
19
30
31
60
109
48
50
Return on Invested Capital (%)
- -
- -
- -
- -
- -
247.22
5.16
- -
0.07
- -
25.53
-4.38
- -
- -
Return on Capital (%)
- -
- -
- -
-8.36
- -
-6.89
-1.64
- -
2.38
- -
70.15
-6.87
- -
-105.98
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-2.54
- -
-25.69

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
13
13
11
LT Borrowings
9
7
5
LT Finance Leases
4
4
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12
13
13
Market Capitalization
1,851
1,336
90

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
39
35
30
Cash, Cash Equivalents & STI
22
18
17
Accounts Receivable, Net
7
8
5
Inventories
6
6
5
Total Current Liabilities
64
60
53
Payables & Accruals
49
44
41
ST Debt
13
13
11
Deferred Revenue
1
2
1

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
115.57%
36.13%
-55.63%
Free Cash Flow
- -
168.54%
508.41%
Net Income, GAAP
- -
960.03%
5,973.16%
Sales/Revenue/Turnover
- -
161.31%
21.01%
Total Cash Common Dividend
- -
- -
-81.19%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
12
39
41
46
151
2025
43
43
47
50
183
2026
50
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.01
-0.34
- -
-0.16
2025
-0.02
-0.31
0.05
-7.09
-7.76
2026
0.18
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.08
2025
- -
- -
- -
0.01
0.01
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
William Scott
Full Time Employees
1,200
Sector
Technology
Industry
Electronic Gaming & Multimedia
Address
3651 Lindell Road Las Vegas NV United States of America 89103
IPO Date
Oct 30, 2009
Business
Golden Matrix Group, Inc. (Nasdaq: GMGI) develops and licenses proprietary iGaming platforms and operates B2B and B2C online gaming services, including casino games, sportsbooks, and competitions; it offers configurable and scalable enterprise software-as-a-service solutions with over 10,000 games from leading providers, serving more than 800 operators and 8.3 million end users. The company manages iconic brands such as MeridianBet for sports betting and casino in Europe, Africa, and Latin America; Expanse Studios for proprietary slot games and content distribution; MexPlay, a regulated online casino, sportsbook, and competitions platform in Mexico; R Kings Competitions, a leading UK and Ireland prize competition provider; Classics For A Cause (CFAC), an Australian membership rewards platform with luxury giveaways; and GMAG for additional gaming operations. Founded in 2008 and headquartered in Las Vegas, Nevada, Golden Matrix Group conducts business across approximately 15-19 regulated jurisdictions in Europe, Central and South America, Africa, the UK, Asia Pacific, and Australia, with primary revenue from its MeridianBet Group segment. In recent developments, the company reduced total debt by $25.9 million since December 31, 2024, including full repayment of a $7.2 million Lind Global convertible note and $9.5 million in MeridianBet founder liabilities converted to equity; its subsidiary Expanse Studios expanded U.S. operations through a May 2025 partnership with Blazesoft, adding five social casino platforms and reaching 10 integrations; Expanse also completed multiple U.S. integrations and launched a flagship slot in May 2025 while securing certifications in Brazil, Peru, Croatia, and Romania. Q1 2025 revenue grew 72% year-over-year to $42.7 million, with full-year 2025 guidance of $186-187 million; additionally, CEO Brian Goodman announced retirement effective December 12, 2025, with William Scott appointed as successor.

Company News

APIChat
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  • At AmCham Tanzania Event, Meridianbet's 17-Year Track Record Takes Center Stage

  • Expanse Studios Seals Content Distribution Agreement with Lobbet via DualSoft in Montenegro

  • Golden Matrix Group Subsidiary Expanse Studios Signs Content Distribution Partnership with Brazino777

  • Expanse Studios Launches Super Heli Premium Across Core Markets

  • Expanse Studios (GMGI) Featured in Gaming International Online: "When You Own the IP, You Scale Without Proportional Cost Growth"

  • Expanse Studios to Release Super Heli Premium in Late January 2026

  • Expanse Studios Provides 2025 Operational Review

  • Expanse Studios Partners with Synot Interactive to Deploy Games Across Olybet's European Network

  • Meridianbet (GMGI) Extends Title Sponsorship with EuroLeague's Crvena Zvezda Through 2030

  • Meridianbet (GMGI) Launches Proprietary Flash Bet Instant Sports Simulation Feature