AGAE

MKT CAP:$20M

Allied Gaming & Entertainment Inc.

Market Cap

$20M

Communication Services·Entertainment·🇺🇸 United States·NASDAQ

Communication·Entertainment·🇺🇸·NASDAQ

Stock Price

$0.62+$0.19 (+44.73%)

Apr 20, 2026

Company Details

Allied Gaming & Entertainment Inc. provides entertainment and gaming products worldwide. It operates esports properties to connect players and fans through a network of connected arenas; a flagship gaming arena located at the Luxor Hotel in...

CEO

Yangyang Li

IPO Date

Oct 25, 2017

Website

alliedesports.gg

Key Metrics TTM

Revenue

$9M

+23.6% YoY

Net Income

-$14M

EPS (Diluted)

-$0.35

Free Cash Flow

-$2.2B

Revenue / Share

$0.22

Gross Margin

27.7%

Operating Margin

-152.2%

Net Margin

-151.9%

FCF Margin

-23574.2%

P/S

2.1x

P/E

—

Earnings Reports

Q1 2025

Jul 7, 2025

$2M-4.4%EPS -$0.11

Q3 2024

Nov 14, 2024

$2M+93.2%EPS -$0.11

Q2 2024

Aug 19, 2024

$3M-19.2%EPS -$0.09

Q1 2024

May 20, 2024

$2M+99.3%EPS -$0.04

Q4 2023

Mar 28, 2024

$2M+70.4%EPS -$0.03

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 21	$501.0K	-$36.8K	-$5M
Q2 21	$824.6K	$42.5K	-$4M
Q3 21	$2M	$348.8K	-$4M
Q4 21	$2M	$526.3K	-$4M
Q1 22	$2M	$580.6K	-$4M
Q2 22	$1M	$35.2K	-$3M
Q3 22	$2M	$422.0K	-$2M
Q4 22	$1M	$210.6K	-$3M
Q1 23	$1M	$520.8K	-$3M
Q2 23	$3M	$1M	-$1M
Q3 23	$1M	$305.4K	-$640.3K
Q4 23	$2M	$216.8K	-$2M
Q1 24	$2M	$431.2K	-$3M
Q2 24	$3M	$576.5K	-$5M
Q3 24	$2M	$780.0K	-$1M
Q1 25	$2M	$832.4K	-$5M

Valuation

Quarter	P/S	P/E
Q1 21	—	—
Q2 21	—	—
Q3 21	—	1.4x
Q4 21	14.3x	1.1x
Q1 22	10.2x	1.1x
Q2 22	7.8x	0.9x
Q3 22	6.6x	—
Q4 22	7.0x	—
Q1 23	8.6x	—
Q2 23	5.4x	—
Q3 23	4.9x	—
Q4 23	5.3x	—
Q1 24	4.4x	—
Q2 24	5.6x	—
Q3 24	5.5x	—
Q1 25	4.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 21	$170.8K	$160.6K
Q2 21	-$3M	-$3M
Q3 21	-$5M	-$5M
Q4 21	-$2M	-$2M
Q1 22	-$2M	-$2M
Q2 22	-$4M	-$4M
Q3 22	-$2M	-$2M
Q4 22	-$2M	-$2M
Q1 23	-$1M	-$2M
Q2 23	-$2M	-$2M
Q3 23	-$2M	-$2M
Q4 23	-$4M	-$4M
Q1 24	-$2M	-$2M
Q2 24	-$2M	-$2M
Q3 24	-$9M	-$9M
Q1 25	-$2.2B	-$2.2B

Capital Expenditures

Quarter	CapEx
Q1 21	$10.2K
Q2 21	$105.9K
Q3 21	$25.9K
Q4 21	$49.7K
Q1 22	$9.4K
Q2 22	$6.7K
Q3 22	$4.0K
Q4 22	$87.6K
Q1 23	$595.4K
Q2 23	$101.4K
Q3 23	$41.7K
Q4 23	$308.5K
Q1 24	$10.6K
Q2 24	$2.8K
Q3 24	$85.1K
Q1 25	$32M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	-91.7%	-62.0%
Q2 21	-82.0%	-46.4%
Q3 21	-71.4%	-39.0%
Q4 21	+114.6%	+92.9%
Q1 22	+381.4%	+14.6%
Q2 22	+40.4%	-8.0%
Q3 22	-7.1%	-41.8%
Q4 22	-37.4%	-32.5%
Q1 23	-50.5%	-37.5%
Q2 23	+182.3%	+1.1%
Q3 23	-28.5%	-46.1%
Q4 23	+70.4%	+3.6%
Q1 24	+99.3%	+31.3%
Q2 24	-19.2%	+70.1%
Q3 24	+93.2%	+90.0%
Q1 25	+9.7%	+89.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 21	$643.1K	128.4%
Q2 21	$387.0K	46.9%
Q3 21	$51.2K	3.0%
Q4 21	$242.5K	12.5%
Q1 22	$401.3K	16.6%
Q2 22	$153.1K	13.2%
Q3 22	$238.8K	15.3%
Q4 22	-$1.9K	-0.2%
Q1 23	$5.1K	0.4%
Q2 23	$66.9K	2.0%
Q3 23	$64.6K	5.8%
Q4 23	$13.9K	0.7%
Q1 24	$471.6K	19.8%
Q2 24	$13.1K	0.5%
Q3 24	$229.7K	10.6%
Q1 25	$188.4K	8.3%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 21	—	$4M	$43.9K
Q2 21	—	$3M	$84.7K
Q3 21	—	$3M	$87.8K
Q4 21	—	$3M	$78.0K
Q1 22	—	$3M	$69.0K
Q2 22	—	$3M	$62.1K
Q3 22	—	$2M	$54.4K
Q4 22	—	$2M	$49.2K
Q1 23	—	$3M	$54.6K
Q2 23	—	$2M	$66.9K
Q3 23	—	$894.2K	$51.4K
Q4 23	$162.9K	$2M	$53.8K
Q1 24	$195.2K	$3M	$53.7K
Q2 24	$173.5K	$5M	$54.4K
Q3 24	$158.2K	$1M	$90.5K
Q1 25	$180.9K	$5M	$40.0K

Revenue Segments

Quarter	Event Revenue Member	Food And Beverage Revenue Member	Merchandising Member	Sponsorship Revenue Member	Ticket And Gaming Member
Q2 22	$664.5K	$158.3K	$16.9K	$156.3K	$133.4K

Revenue by Geography

Quarter	China	United States
Q1 25	$618.3K	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 21	$93M	$0	$93M
Q1 22	$91M	$0	$91M
Q2 22	$86M	$0	$86M
Q3 22	$84M	$0	$84M
Q4 22	$11M	$70M	$81M
Q1 23	$4M	$75M	$78M
Q2 23	$21M	$55M	$76M
Q3 23	$10M	$60M	$70M
Q4 23	$16M	$57M	$73M
Q1 24	$7M	$70M	$77M
Q2 24	$33M	$55M	$88M
Q3 24	$11M	$67M	$78M
Q4 24	$59M	$12M	$72M
Q1 25	$19M	$51M	$71M
Q2 25	$23M	$37M	$60M
Q3 25	$15M	$41M	$56M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 21	39M	+1.1%	+63.6%
Q2 21	39M	0.0%	+48.7%
Q3 21	39M	+0.2%	+31.8%
Q4 21	39M	-0.0%	+1.3%
Q1 22	39M	+0.1%	+0.3%
Q2 22	39M	+0.1%	+0.4%
Q3 22	39M	-0.1%	+0.1%
Q4 22	39M	-1.5%	-1.4%
Q1 23	38M	-1.5%	-2.9%
Q2 23	37M	-1.9%	-4.9%
Q3 23	37M	-0.7%	-5.5%
Q4 23	37M	+0.7%	-3.3%
Q1 24	39M	+4.4%	+2.5%
Q2 24	43M	+11.2%	+16.2%
Q3 24	37M	-13.9%	+0.8%
Q1 25	44M	+16.9%	+16.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 21	—	—
Q2 21	—	—
Q3 21	—	—
Q4 21	—	—
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	$15.6K	78
Q1 23	$15.3K	78
Q2 23	$41.9K	78
Q3 23	$14.4K	78
Q4 23	$28.4K	73
Q1 24	$32.6K	73
Q2 24	$36.2K	73
Q3 24	$29.6K	73
Q1 25	$32.0K	71

Revenue / Employee