Playstudios Inc
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Why this colour
The traffic light judges the company, not the share price. There is no documented substance problem: equity of $227.9 million as of December 31, 2025 is clearly positive and equals 78.4 percent of total assets, cash of $104.3 million as of March 31, 2026 exceeds the entire market value, there is no financial debt, the distress metric of 7.34 sits far above the safety threshold of 2.6, and there is no indication of a going-concern issue. What is open are three questions at once: revenue fell 18.8 percent in 2025 and a further 6.9 percent in the first quarter of 2026 while the operating loss in that quarter grew from $2.7 million to $13.3 million; fully calculated free cash flow was only $9.8 million in 2025 and minus $0.4 million in the first quarter of 2026, below stock-based compensation of $14.1 million; and the Nasdaq minimum bid price period expires on November 2, 2026 as the second and final one. Goodwill of $52.2 million — two-thirds of market value — has never been written down. Hence yellow: hard substance, unresolved trading performance.
What the thesis turns on
Assessment: Opportunities & Risks
PLAYSTUDIOS is worth less on the market than the money in its own account: roughly $79.0 million of market value against $104.3 million of cash with no financial debt, at 0.35 times book. The metric that puts the stock into our free cash flow ranking does not survive scrutiny, however — it overlooks $15.5 million of capitalized game development and counts only one of two share classes; calculated properly, a multiple of 2.0 becomes 8.1. Against that stand revenue down 18.8 percent, widening operating losses and a listing deadline of November 2, 2026. Not investment advice.
Balance sheet and financial staying power
As of December 31, 2025 the books held $104.9 million of cash with no financial debt whatsoever; equity of $227.9 million equalled 78.4 percent of total assets. Cash still stood at $104.3 million on March 31, 2026. The distress metric of 7.34 is far above the safety threshold of 2.6.
Revenue trend
Revenue fell 18.8 percent to $235.1 million in 2025 and a further 6.9 percent to $58.4 million in the first quarter of 2026. At the same time user acquisition spending in that quarter rose 64.4 percent from $10.2 million to $16.7 million — more expensive players against falling receipts.
Free cash flow and share-based pay
After $15.5 million of capitalized game development and $1.0 million of property and equipment, $9.8 million remained in 2025 from $26.3 million of operating cash flow. Stock-based compensation of $14.1 million exceeded that by roughly half. In the first quarter of 2026 free cash flow on the same basis was negative at minus $0.4 million.
The playAWARDS loyalty programme
The segment meant to distinguish the business model from other games publishers generated just $1.0 million of revenue in 2025 and reported adjusted operating income of minus $8.7 million. In the first quarter of 2026 it was $0.5 million against minus $1.5 million. No indirect benefit is quantified in the filings.
Nasdaq listing
Following the notice of November 5, 2025 the first compliance period lapsed unused on May 4, 2026. Since the transfer to the Nasdaq Capital Market on May 6, 2026 the second and final period runs to November 2, 2026, and a curing reverse split must be completed ten business days earlier. Shareholders approved one on July 10, 2026 by 391.8 million votes to 0.6 million.
Valuation against substance
At 128,355,221 shares across both classes and $0.6158 on July 24, 2026, market value is roughly $79.0 million — below the $104.3 million of cash and at 0.35 times book. Enterprise value is negative at around minus $25 million, so the operating business is valued at less than nothing.
Worth Noting
Hook: in-house stock scanner K-FCF ranking (U.S. selection), measured July 27, 2026 on both brands — 545 U.S. hits, PLAYSTUDIOS in place 38 at 2.0137. The value occurs only once, so there is no tie here. Only the 25 strongest hits are listed (cutoff 1.393), so PLAYSTUDIOS does not appear on the list. All lists are recomputed daily.
Data as of: price, valuation and ratio data from July 24, 2026; balance sheet and income figures from the Form 10-K for 2025 (March 16, 2026) and the Form 10-Q for March 31, 2026 (May 11, 2026).
Market value cross-check: calculated over 128,355,221 shares across both classes per the 10-Q cover page as of April 30, 2026. The metrics.sharesOutM field of the data set holds Class A only for MYPS (112.3 million) and understates by 12.8 percent; the stored market_cap_b of $59 million is 34 percent below the correct figure. Neither was used.
The distress metric is the Z double-prime variant for non-manufacturers with thresholds of 1.1 (distress) and 2.6 (safe), not the original formula.
Risk of confusion: prices before June 2021 belong to the blank-check vehicle Acies Acquisition Corp., not to the games business. The Form 25 of June 17, 2026 concerns the warrants (MYPSW) only, not the common stock.
Stock Watch
This analysis is as of August 26, 2026. Stock Watch will tell you what's changed at MYPS since then.
Later $1 a month per stock — signing up is free, and you'll be the first to know when it launches.
Price history
Chart
Interactive price chart (TradingView).
52-week range: 0.4071 $ to 1.10 $ · Last price: 0.4848 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Electronic Gaming & Multimedia
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Playstudios Inc MYPS | 0.1 | – | 0.2 | 77.9 | – | -18.8 | -49.1 |
| NetEase Inc NTES | 74.7 | 14.9 | 7.8 | 67.2 | 41.4 | 7.0 | -23.2 |
| Electronic Arts Inc EA | 52.4 | 59.9 | 28.7 | 79.9 | 24.0 | 0.9 | 25.6 |
| Take-Two Interactive Software Inc TTWO | 38.6 | – | 34.2 | 57.1 | 2.3 | 18.2 | -14.5 |
| Roblox Corp RBLX | 34.1 | – | -24.8 | 25.7 | -16.4 | 35.8 | -65.1 |
| Playtika Holding Corp PLTK | 0.8 | – | 35.6 | 73.5 | – | 8.1 | -29.5 |
| Doubledown Interactive Co Ltd DDI | 0.6 | 5.6 | 0.7 | 73.4 | 37.6 | 5.5 | 36.3 |
| Gravity Co Ltd GRVY | 0.5 | 8.0 | 0.0 | 32.0 | 15.1 | 11.9 | 13.5 |
| Sohu.Com Inc SOHU | 0.4 | 1.8 | 6.5 | 78.5 | -4.8 | -2.4 | -13.1 |
| Median of companies shown | 0.8 | 8.0 | 6.5 | 73.4 | 15.1 | 7.0 | -14.5 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2018 | 196 | 9 | 3 | 0.01 | 37 | 65 | 92 |
| 2019 | 239 | 17 | 14 | 0.11 | 36 | 80 | 99 |
| 2020 | 270 | 10 | 13 | 0.10 | 48 | 96 | 134 |
| 2021 | 287 | -3 | 11 | 0.09 | 34 | 303 | 335 |
| 2022 | 290 | -28 | -18 | -0.14 | 33 | 302 | 352 |
| 2023 | 311 | -10 | -19 | -0.15 | 52 | 288 | 366 |
| 2024 | 289 | -33 | -29 | -0.22 | 46 | 245 | 323 |
| 2025 | 235 | -20 | -29 | -0.23 | 26 | 228 | 291 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | -0.18 | – | 68 | -12.10 | -33.10 | 12 | 7 |
| 2025: Q1 | -0.02 | – | 63 | -19.40 | -4.60 | 3 | 0 |
| 2025: Q2 | -0.02 | – | 59 | -18.30 | -5.00 | 14 | 9 |
| 2025: Q3 | -0.07 | – | 58 | -19.10 | -15.80 | 6 | 13 |
| 2025: Q4 | -0.11 | – | 55 | -18.30 | -24.70 | 4 | 4 |
| 2026: Q1 | -0.08 | – | 58 | -6.90 | -18.30 | 4 | 4 |
| 2026: Q2 | -0.10 | -400.00 | 55 | -7.30 | -24.20 | 6 | 5 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 8 of our scanner strategies — each hit links to the scanner.
Momentum & Trend
Research
Risk & Weakness
- Bankruptcy Study: Stacked Warning Signals
- Near 52-Week Low
- Stage 4 (Downtrend)
- Stan Weinstein: Stage 4
- Stan Weinstein: Stage 4B-
- Weakness Cluster
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | -0.09 | -0.09 – -0.09 | 219 | -52.5% | 1 |
| 12/31/2027 | 0.01 | 0.01 – 0.01 | 213 | 114.3% | 1 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Instead of guessing what the stock is worth, we turn the question around: what free cash flow growth has to happen for today’s market value to add up? The assumptions behind it can be moved.
With these assumptions (discount rate 10.0%, terminal growth 2.5%), no growth rate between -20.0% and 60.0% per year explains today’s market value — the reverse calculation yields no meaningful figure here.
| Free cash flow (last twelve months) | $28.5M |
|---|---|
| Market cap | $68.0M |
| Free cash flow in year ten | – |
| Terminal value as a share of market value | – |
For comparison: over the past five years free cash flow grew by 3.5% per year.
It shows which assumption is built into today’s price, not whether that assumption will hold. Every assumption can be changed with the sliders; the figures move with them.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
In den sechs ausgewerteten Einreichungen kommt künstliche Intelligenz genau einmal vor — als Beschreibung der Angreiferseite im Cybersicherheits-Risikohinweis; weder Produkte, Umsätze noch Kostenstruktur von PLAYSTUDIOS werden im Geschäftsbericht 2025 oder im Quartalsbericht zum 31.03.2026 mit KI in Verbindung gebracht (keine Nennung von „machine learning“ oder „generative“).
View the full file — quotes, sources, reviewed filings
Filings Reviewed: 10-K 2026-03-16 · 10-Q 2026-05-11 · 8-K 2026-05-05 · 8-K 2026-05-11 · 25-NSE 2026-06-17 · 8-K 2026-07-10
Rated on July 27, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years -6.8%
- More than 10% revenue growth is expected for the coming year -2.6%
- Share count grows by less than 3% a year -0.7%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") -8.0%
- Gross margin at 40% or higher and without meaningful erosion 59.2%
- Goodwill from acquisitions does not grow faster than revenue 18.0%
- Net debt below twice EBITDA 97 m net cash
- Operating cash flow covers the profits of the last three years 201 m
- Return on capital at 15% or higher, or up versus two years ago -8.3%
- Insiders hold at least 10% or are net buyers 19.6%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
2/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 2.7%
- Exp. sales growth 3Y > 5% -4.8%
- EBIT growth 10Y > 5% –
- Exp. EBIT growth 3Y > 5% -4.8%
- Net debt < 4x EBIT –
- EBIT positive, 10Y straight 3
- Max. EBIT decline < 50% 100.0%
- Return on equity > 15% -28.9%
- ROCE > 15% -8.3%
- Expected return > 10% 30.7%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Jul 16, 2026 | Zanella Steven J | Director | Other | 120,000 | 0.00 | – |
| Jul 16, 2026 | Horowitz Hyman Joseph | Director | Other | 120,000 | 0.00 | – |
| Jul 16, 2026 | Krikorian Jason | Director | Other | 120,000 | 0.00 | – |
| Jul 16, 2026 | Mencher Judy K | Director | Other | 120,000 | 0.00 | – |
The company
About the Company
PLAYSTUDIOS, Inc. entwickelt und veröffentlicht Free-to-Play-Casual-Games für Mobil- und Social-Plattformen in den USA und international.
- Employees
- 530
- Headquarters
- Las Vegas, NV
- Address
- 10150 Covington Cross Drive, 89144 Las Vegas, United States
- Phone
- 725 877 7000
- Website
- playstudios.com
- IPO Date
- 12/21/2020
- ISIN
- US72815G1085
Management
| Name | Title | Birth Year |
|---|---|---|
| Andrew S. Pascal | Co-Founder, Chairman & CEO | 1966 |
| Scott Peterson | Chief Financial Officer | 1966 |
| Robert L. Oseland | Chief Operating Officer | 1967 |
| Paul Mathews | Co-Founder & Executive VP | 1966 |
| Joel J. Agena | General Counsel, VP & Secretary | 1963 |
| Mickey Sonnino | Chief Marketing Officer | – |
| Stephanie Rosol | Chief People Performance Officer | – |
| Katie Bolich | Head of Player Experience | 1969 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.