MYPS PLAYSTUDIOS, Inc.

Overview and Growth

In fiscal 2025, PLAYSTUDIOS, Inc. recorded $235.10M of revenue, net loss of $28.64M, and an operating cash inflow of $26.34M. The $235.10M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line contracted 18.8% from $289.43M in fiscal 2024; this top-line contraction left the company with a smaller revenue base. The company reported diluted EPS of -$0.23, adding a shareholder-level measure to the absolute income figures considered below. At period end, total assets were $290.62M, framing the scale of the company’s operating and financing commitments. Asset turnover was 0.81x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After reported cost of revenue, the company retained $177.63M as gross profit before recognizing operating expenses and other items. Gross margin was 75.6%, so that share of each revenue unit remained after the cost of revenue reported for the period. The company recorded an operating loss of $23.92M after the reported operating expense base. The operating loss equaled 10.2% of revenue, showing the scale of the operating deficit relative to sales. The company ended the period with a net loss of $28.64M, extending the operating result through all remaining items. Net margin was -12.2%, reflecting a loss equal to 12.2% of reported revenue. Before income taxes, the company recorded a loss of $26.70M, bridging the operating result to the final net loss. The pretax loss equaled 11.4% of revenue, measuring the pre-tax deficit against sales. The company recognized $1.94M of income tax for the period, completing the transition from pretax income to net income. The net loss equaled 12.6% of period-end equity, showing the deficit relative to book capital. The loss-to-assets relationship was 9.9%, placing the bottom-line deficit against the company’s resource base. Compared with a $28.69M net loss in fiscal 2024, the current loss improved to $28.64M.

Liquidity and Capital Structure

At period end, the $290.62M asset base was financed through $62.75M of liabilities and $227.87M of equity. At period end, current assets of $134.77M compared with current liabilities of $43.18M, defining the company’s short-term resource position. Current assets covered current liabilities by 3.12x, leaving a positive buffer for near-term obligations. Cash and equivalents totaled $104.94M, identifying the most liquid reported component available within the broader current-asset balance. Cash and equivalents represented 243.0% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Relative to total assets, liabilities measured 21.6%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 36.1% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 10.0% from $322.95M in fiscal 2024, leaving current total assets lower year over year. Book equity was 6.9% lower than fiscal 2024 equity of $244.72M, showing how shareholder capital changed year over year. Compared with $109.18M in fiscal 2024, the current cash balance moved 3.9% and finished lower.

Cash Flow and Earnings Quality

The company reported $26.34M of operating cash flow, a cash inflow that shows the cash generated by operations. Capital spending was $968.00K, absorbing part of the cash generated from operations before free cash flow. Relative to operating cash flow, capital expenditures measured 3.7%, connecting investment intensity with the company’s cash-generation base. After capital spending, free cash flow was $25.37M, leaving cash available for debt reduction, shareholder returns, or further investment. The free-cash-flow margin was 10.8%, measuring cash remaining after capital spending against revenue. Measured against total assets, free cash flow represented 8.7%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.