Playstudios Inc (MYPS)
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On paper PLAYSTUDIOS is a bargain: the entire market value stood at roughly $79 million on July 24, 2026 — while cash alone was $104 million and there is no bank debt at all. Our scanner duly lists the stock among the cheapest names on free cash flow. The trouble is that this very metric does not survive scrutiny: it overlooks $15.5 million of capitalized game development and counts one of two share classes. We read the 2025 annual report, the quarterly report for the period ended March 31, 2026 and the Nasdaq filings, and we recalculate both. There is no recommendation at the end, only a number you can check yourself.
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This stock currently matches 7 of our scanner strategies — each hit links to the scanner.
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
Basics
Performance
Valuation
Profitability
Balance Sheet & Safety
Growth
Quality & Screener
AI Rating
NeutralIn den sechs ausgewerteten Einreichungen kommt künstliche Intelligenz genau einmal vor — als Beschreibung der Angreiferseite im Cybersicherheits-Risikohinweis; weder Produkte, Umsätze noch Kostenstruktur von PLAYSTUDIOS werden im Geschäftsbericht 2025 oder im Quartalsbericht zum 31.03.2026 mit KI in Verbindung gebracht (keine Nennung von „machine learning“ oder „generative“).
View the full file — quotes, sources, reviewed filings
Filings Reviewed: 10-K 2026-03-16 · 10-Q 2026-05-11 · 8-K 2026-05-05 · 8-K 2026-05-11 · 25-NSE 2026-06-17 · 8-K 2026-07-10
Rated on July 27, 2026 · How the Rating Is Built
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($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 |
- 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.
Assessment: Opportunities & Risks
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 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.
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 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.
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.
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.
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.
- 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.
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 |
| Website | playstudios.com |
| IPO Date | 21. Dec 2020 |
| Next Earnings | 3. Aug 2026 |
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.
Chart
Interactive price chart (TradingView).
Data as of: July 24, 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.