One-glance verdict
Undervalued
$2.42 our estimate vs market $0.69
72% below our estimate, below the bear case
Fundamentals snapshot
Gamehaus Holdings Inc.
GMHS · NCM · Communication Services · Electronic Gaming & Multimedia
Current price
$0.69
52-week range
$0.56 - $1.50
Market cap
$39.55M
Balance sheet
Healthy
23.34x Strong cushion
Net cash $20.09M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
0 Risks
3 rewards · 0 risks
- Reward Returns 10.7% on equity, ahead of 40% of its peers.
- Reward Free cash flow was positive in 1/10 years.
- Reward Trades at 8.6x P/E vs peer median 37.6x (77.0% cheaper).
What this company does
Gamehaus Holdings Inc.
Gamehaus Holdings is a mobile game publisher that helps other developers get their games to players around the world. The company makes its money primarily by selling virtual items to players inside the games, such as special powers or character outfits, and by showing in-game advertisements. This is important because its success relies on keeping a large base of players actively engaged over time, rather than on one-time game sales.
How the company got here
Gamehaus started in 2016 as a mobile game publisher, helping smaller game creators get their games to a wider audience. Instead of making games itself, it acted as a partner, handling the business side of things. In early 2025, the company began trading on the Nasdaq stock exchange, which allowed more people to invest in it. Recently, management announced a major change in direction, calling fiscal year 2026 the last year of its old business model as it shifts toward a new strategy.
What it actually does
Think of Gamehaus as a company that helps independent game makers succeed on app stores. It finds promising mobile games from smaller developers and uses its expertise to market them to players around the world. Gamehaus provides support for the entire journey of a game, from testing and launching to attracting new players and making money. The games are usually free to play, including popular types like puzzle, casino, and simulation games.
In-App Purchases
This is the main way Gamehaus makes money, bringing in the vast majority of its revenue (the total money earned before costs are subtracted). When players are in a game, they can choose to buy virtual items, such as extra lives, special powers, or decorative accessories for their characters. While the games are free to download and play, these small, optional purchases from many players add up to be the company's largest source of income.
Advertising
This is a smaller, but still important, part of the business. Gamehaus also earns money by placing advertisements inside its mobile games. These can be short video ads that players watch to earn a reward, or banner ads that appear during gameplay. Companies pay Gamehaus to show their ads to the millions of people playing its portfolio of games.
What management is betting on now
The company is making a big bet on artificial intelligence (AI) to change how games are made. Management is shifting resources away from its traditional business of simply publishing other developers' games. Instead, it's building tools that use AI to help create game content, with the goal of making the process of finding a 'hit' game more of a science and less of a gamble. They are intentionally shrinking their spending on older games to use that cash to fund this new AI-focused direction.
Price history
How the share price has moved
—
Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q4
$3.05M
FY2025 Q4
$2.18M
Revenue
$118.05M
Net income
$3.96M
Diluted EPS
0.08
Operating cash flow
$2.22M
Free cash flow
$2.18M
Fetching…
Sources
Revenue
$145.24M
Net income
$8.59M
Diluted EPS
0.05
Operating cash flow
$3.15M
Free cash flow
$3.05M
Fetching…
Sources
Is it cheap or expensive?
Fair value $2.42 vs current price $0.69
Our most-likely fair value is $2.42 a share — about 251.2% above today's price of $0.69, so the stock currently looks cheap (undervalued).
Is it drowning in debt?
Healthy
Net cash $20.1M - more cash than debt. Interest coverage 23.3x.
Net debt
$-20.09M
Interest coverage
23.34x
Gamehaus Holdings Inc.'s profit covers its interest bill about 23.3 times over. which is stronger than every peer shown here and 2 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
GMHS
BASELINE
Gamehaus Holdings Inc.
Total debt $2.58M Interest coverage 23.34x This is the baseline the peer rows are being compared against.
Total debt $1.87B Interest coverage 21.92x -6% vs GMHS Has roughly the same debt cushion as GMHS.
Total debt $2.94B Interest coverage -0.67x -100% vs GMHS This peer has almost no interest-payment cushion compared with GMHS.
Total debt $1.84B Interest coverage -30.79x -100% vs GMHS This peer has almost no interest-payment cushion compared with GMHS.
Total debt $1.88B Interest coverage 9.06x -61% vs GMHS Carries about 2.6x less debt cushion than GMHS.
What you should know
The case for and against GMHS
3 Rewards
0 Risks
Rewards
-
Returns 10.7% on equity, ahead of 40% of its peers.
-
Free cash flow was positive in 1/10 years.
-
Trades at 8.6x P/E vs peer median 37.6x (77.0% cheaper).
Risks
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
8.62x
Forward P/E
—
P/B
1.00x
P/S
0.38x
EV/EBITDA
7.33x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
52.7%
Operating margin
-3.1%
Net margin
4.1%
ROE
10.7%
ROA
1.7%
Health
Liquidity and balance-sheet strength
Debt / equity
0.07x
Current ratio
2.84x
Quick ratio
2.05x
Total debt
$2.58M
Total cash
$22.67M
Growth
How the business has been compounding
Revenue TTM
$118.05M
Revenue 5Y CAGR
-16.2%
EPS TTM
0.08
EPS 5Y CAGR
24.5%
Cash flow
How much cash the business throws off
Operating CF TTM
$2.22M
Free CF TTM
$4.05M
FCF margin
3.4%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
—