GAME — what changed in the latest 10-Q
A section-by-section comparison of GAME's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-13 vs the prior 10-Q · 2026-05-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +47 | −20 | ~23 | 111 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~4 | 1 |
| Legal proceedings | Text added/removed | 0 | 0 | ~2 | 2 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-13
As of June 18, 2026, the Series A-1 and Series A-2 preferred stock were automatically converted into 3,433,000 and 5 million shares of common stock, respectively, upon successful shareholder vote to expand the Company’s authorized common stock from 100 million to 500 million.
On July 10, 2026, the Company granted to Justin Kenna, the Company's Chief Executive Officer, a one-time option award to purchase 150,000 shares of the Company's common stock pursuant to his employment agreement. The option vested in full on the grant date.
On July 10, 2026, the Company granted to its Chief Operating Officer a discretionary award of 50,000 restricted stock units under the Company’s 2024 Stock Incentive Plan. The award vested in full on the grant date and was settled through the issuance of 50,000 shares of common stock on July 10, 2026…
On July 10, 2026, the Company granted option awards to Justin Kenna and Michael Munoz covering 1,045,712 shares and 301,249 shares, respectively, under the Company's 2024 Stock Incentive Plan. As previously disclosed, option awards covering the same number of underlying shares had been reported in p…
As of June 18, 2026, the Series A-1 and Series A-2 preferred stock were automatically converted into 3,433,000 and 5 million shares of common stock, respectively, upon successful shareholder vote to expand the Company’s authorized common stock from 100 million to 500 million.
Text removed vs the prior filing · source: 10-Q · 2026-05-14
GameSquare is primarily engaged in the business described above. However, as a secondary strategy, GameSquare is also leveraging sophisticated crypto infrastructure with the intent to generate digital asset yield. GameSquare has partnered with Dialectic, a crypto-native asset manager, to implement a…
In April 2026, the Company expanded its borrowings under ETH-backed promissory notes from $9.5 million to $11.1 million. The Company intends to extend the terms of the underlying borrowings until the price of ETH returns to levels that exceed the Company’s average cost per ETH.
The following tables disaggregate revenue by reportable segment and geographic region for the three months ended March 31, 2026 and 2025. FaZe Media and Frankly are reported in discontinued operations, and therefore not included in the below figures.
Revenues for the three months ended March 31, 2026, were $14.5 million, in comparison to $7.4 million for the same period in 2025. The increase was primarily related to increases in our Agency and SaaS and managed services reportable segments driven by our acquisitions of Click and TubeBuddy, and la…
Owned and operated IP revenue for the three months ended March 31, 2026, was $3.0 million, in comparison to $3.1 million for the same period in 2025. The variance between the periods was not significant.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice