--- title: "Mobile Global Esports | 10-Q: FY2026 Q1 Revenue: USD 6.32 K" type: "News" locale: "en" url: "https://longbridge.com/en/news/286567275.md" datetime: "2026-05-15T12:41:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286567275.md) - [en](https://longbridge.com/en/news/286567275.md) - [zh-HK](https://longbridge.com/zh-HK/news/286567275.md) generator: "portal-rs" --- # Mobile Global Esports | 10-Q: FY2026 Q1 Revenue: USD 6.32 K Revenue: As of FY2026 Q1, the actual value is USD 6.32 K. EPS: As of FY2026 Q1, the actual value is USD -0.01. EBIT: As of FY2026 Q1, the actual value is USD -715.66 K. Mobile Global Esports Inc. operates in a single reportable segment, focusing on the development of fantasy sports. #### Revenue Revenue for the three months ended March 31, 2026, was $6,320, primarily from RSO Platform Services and Dominus Sports, compared to nil for the same period in 2025. Revenue from discontinued operations decreased by approximately $1,600 for the three months ended March 31, 2026, compared to March 31, 2025. #### Cost of Revenue Cost of revenue for the three months ended March 31, 2026, was $103,468, up from nil for the same period in 2025. This increase was mainly due to increases of approximately $1,000 in payment processing fees, $7,000 in software subscription expense, $3,000 in hosting expense and licensing fees, and $92,000 in software development expense and amortization of capitalized software. #### Gross Loss Gross loss for the three months ended March 31, 2026, was -$97,148, compared to nil for the same period in 2025. #### Operating Expenses Selling, general and administrative expenses were $628,439 for the three months ended March 31, 2026, an increase of $235,888 (60%) from $392,551 for the same period in 2025. This increase was primarily driven by a $165,000 rise in stock-based compensation expense, a $58,000 increase in payroll expense, and a $105,000 increase in legal, accounting, and professional expenses. These increases were partially offset by decreases of approximately -$85,000 in consulting expense and board fees, and -$6,000 in insurance expense. #### Loss from Operations Loss from operations was -$725,587 for the three months ended March 31, 2026, an increase of -$333,036 (85%) from -$392,551 for the same period in 2025. #### Other Income and Expenses Net interest expense was -$9,924 for the three months ended March 31, 2026, compared to $21 in interest income for the same period in 2025. A loss of -$8,621 was incurred on the dissolution of MOGO Pvt Ltd during the three months ended March 31, 2026. Other income was $137,840 for the three months ended March 31, 2026. The change in fair value of convertible notes payable resulted in a -$168,059 loss for the three months ended March 31, 2026. #### Net Loss Loss from continuing operations was -$774,351 for the three months ended March 31, 2026, an increase of -$381,821 (97%) from -$392,530 for the same period in 2025. Net loss for the three months ended March 31, 2026, was -$774,351, an increase of -$390,655 (102%) from -$383,696 for the same period in 2025. #### Cash and Liquidity As of March 31, 2026, Mobile Global Esports Inc. had cash of approximately $185,000, down from $573,000 as of December 31, 2025. The Company requires additional funding to meet its cash, operational, and liquidity requirements for at least the next 12 months from the report date. #### Cash Flows from Operating Activities Net cash used in operating activities increased by approximately $100,000 to -$328,055 for the three months ended March 31, 2026, compared to -$227,936 for the same period in 2025. This increase was primarily due to a $138,000 gain on the change in fair value of other current liabilities, a $15,000 decrease in operating assets and liabilities, and a $391,000 increase in net loss. These were offset by a $168,000 increase in expense due to the change in the fair value of convertible notes payable, a $92,000 increase in depreciation expense and amortization of right-of-use assets, a $165,000 increase in non-cash expense for stock-based compensation, a $9,000 foreign currency translation adjustment to retained earnings, an $8,000 increase in amortization of debt discount, and a $2,000 increase in common stock issued for services. #### Cash Flows from Investing Activities Net cash used in investing activities was -$84,000 for the three months ended March 31, 2026, compared to nil for the same period in 2025, primarily due to an $84,000 increase in software costs. #### Cash Flows from Financing Activities Net cash provided by financing activities was $23,400 for the three months ended March 31, 2026, compared to nil for the same period in 2025. This change was due to an increase in financing raised from the issuance of convertible notes payable with common stock, totaling $25,000, offset by a payment of deferred offering costs of approximately -$2,000. #### Strategic Outlook Mobile Global Esports Inc.’s strategy focuses on developing and commercializing technology assets, data-driven scoring engines, mobile-first user interfaces, and proprietary behavioral-logic systems to support next-generation fantasy formats. The Company aims to offer users deeper strategic optionality and more immersive experiences than conventional fantasy sports models. To continue operations and achieve its business objectives for the next 12 months, Mobile Global Esports Inc. needs to raise additional capital. ### Related Stocks - [MGAM.US](https://longbridge.com/en/quote/MGAM.US.md) ## Related News & Research - [PARKEN Sport dismisses approach seeking meeting on possible takeover bid](https://longbridge.com/en/news/297350738.md) - [Victoria’s Secret Maintains Buy Rating as Analyst Cuts Price Target to $95 on Sector Valuation, Citing Strong Brand Momentum and EPS Growth](https://longbridge.com/en/news/297981470.md) - [13:12 ETTokyo Machine to Perform at Middle East's First Humanoid Robot Kickboxing Event](https://longbridge.com/en/news/297943363.md) - [Formula 1 chiefs cool speculation of 12th team on grid](https://longbridge.com/en/news/297860413.md) - [DoubleLine Income Solutions Fund Declares September 2026 Distribution | DSL Stock News](https://longbridge.com/en/news/297658751.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**