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The Moat Index

Good Gaming, Inc.

GMER · Technology · $867682 mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

32/ 100
No moat

The four filters

Pricing power60

Median gross margin 53.5% over 9y, variable.

Returns on capital0

Median ROIC -2860.6%, above the 9% hurdle in 0% of years.

Balance-sheet safety28

Net debt/EBITDA n/ax, interest coverage -61x.

Capital discipline44

Owner earnings trend unclear, share count n/a.

Margin of safety

Above valueOn sale
No price data
Owner earnings (normalized)
—
Est. intrinsic value / share
—
Recent price
$0.01
Discount to value
No price data

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

18 years of fundamentals

The business, in plain English

Good Gaming, Inc. booked $433 of revenue in FY2024 in the Technology sector and kept 100.0% of it as gross profit — a high-margin business by that measure. After every other cost, −222393.3% of each revenue dollar reached the bottom line.

Across the filed record, revenue shrank from $2000 (FY2016) to $433 (FY2024) — about −17.4% a year compounded over 8 years.

The balance sheet carried $487331 of total debt in FY2011. Balance-Sheet Safety scores it 28/100.

The share count fell 76.0% between FY2010 and FY2025 — management has been retiring shares, which concentrates each remaining owner's claim. Capital Discipline scores it 44/100.

Put together: Pricing Power is the strongest of the four filters (60/100) and Returns on Capital the weakest (0/100), which is how GMER lands at 32/100 — a None moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2008–FY2025 · 18 fiscal years, normalized from GMER’s SEC filings

RevenueSales, as filed$433 FY2024
$0$200000$4000002008201420202025
Gross marginRevenue kept after cost of goods100.0% FY2024
−2000%0%2008201420202025
Return on invested capitalOperating profit on the capital employed−5577.5% FY2021
−5000%−2500%0%2008201420202025
Owner earningsCash an owner could take out−$962963 FY2024
−$2M−$1M$02008201420202025

Gaps in a line mean that item isn’t in GMER’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

4 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale32.3 / 100
0406080100WideNarrowShallowNo moatJul 17, 2026Jul 18, 2026

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — GMER has read No moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Track record

How Good Gaming, Inc.’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.

As-of scores 2011–2025, one methodology version · reconstructed from filings on file each Dec 31 — never with hindsight

As-of Moat Score (dot colored by tier)Indexed price (total-return (dividends reinvested))Rated Wide-moat that year

How to read this: each dot is what the engine would have scored GMER on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.

0406080100WideNarrowShallowNo moatAs-of Moat Score0.010.020.050.10.20.5125102050100Indexed price · log scale (2012 = 100)201120142017202020232026

Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The price path is a total-return (dividends reinvested) index built from the same data the forward returns use; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.

What followed, in the years it rated Wide

In the reconstructed history shown, GMER did not rate Wide-moat in any year, so there is no wide-moat track record to report. That absence is itself the honest answer — we don’t manufacture a comparison where the rating never earned one.

Technology context

#432 of 579 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #430ALMU AELUMA, INC.33.1No moat
  2. #431SEGG SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION33.0No moat
  3. #433WDC WESTERN DIGITAL CORPORATION32.2No moat
  4. #434PXLW PIXELWORKS, INC32.2No moat

Compare GMER with its nearest peers →All Technology companies on the Index →

Common questions about GMER

Does Good Gaming, Inc. have an economic moat?
Based on its FY2025 SEC filings, the Moat Index scores Good Gaming, Inc. (GMER) 32.3 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 60, returns on capital 0, balance-sheet safety 28, capital discipline 44.
How has GMER's Moat Score changed over time?
The record logs 4 readings since Jul 17, 2026; the latest reads 32.3 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.
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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell GMER. See the disclaimer.