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Brightstar Lottery PLC (BRSL) stock

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NYSE: BRSL NYSE Casinos & Gaming Next results ~November 10, 2026

C Fundamentals grade

Brightstar Lottery PLC is a US-listed company in the casinos & gaming industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$12

Valuation models combined (3)

Base case. Range ~$11–$14. Weighted average of 3 models (forward price-to-earnings vs peers, residual income, justified price-to-book), the forward price-to-earnings vs peers counting double.

Price vs value

Undervalued

The price is below our entire value range; our base value is 21% above it.

Price used: $10.03, November 2, 2026

Brightstar Lottery PLC valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds96 adding, 91 cuttingOf 40 active managers that changed their stake, 19 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Brightstar Lottery files

Where Brightstar Lottery PLC stands after its latest Filing

Revenue for the twelve months was $2.51bn, down 0.0% on a year earlier, a smaller fall than the 0.7% decline a quarter earlier. Free-cash-flow margin fell to -16.5% from 18.1% a year earlier. Operating margin widened to 27.3% from -3.4%. The diluted share count is down 3.4% on a year earlier, which lifts each remaining share. It passes 1 of our 6 financial-health checks. Our cash-flow model value is $24.12 a share, against a share price of $9.65.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 10, 2026 (estimated)

Brightstar Lottery PLC's trailing-twelve-month revenue fell 0.0% year on year, with a free-cash-flow margin of -16.5%. Where it stands out: operating margin of 27.3% ranks 2 of 20 casinos & gaming companies we cover. Where it lags: revenue growth of -0.0% ranks 21 of 21 casinos & gaming companies we cover.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 48% in the quarter to 2026-06-30, the 3rd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $10.03 is 21% below our value per share of $12.
  • High operating margin. 27.3% of revenue is left as operating profit, against a median of 10.1% for casinos & gaming companies we cover.
  • Shrinking share count. Diluted shares fell 3.4% in a year, so each share owns more of the business.

Things to watch

  • Revenue shrinking. Revenue fell 0.0% over the last 12 months.
  • Burning cash. Free cash flow was -16.5% of revenue over the last 12 months.
  • Weak cash conversion. Free cash flow was -282% of net income over the last 12 months.
  • Below peers: days sales outstanding. Days sales outstanding of 76 days ranks 18 of 18 casinos & gaming companies we cover (median 13 days).
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 10.3% over 90 days.

Latest results

Earnings per share
$0.11 against an average estimate of $0.07: beat by 48.1%
Next report
November 10, 2026; average EPS estimate $0.07

Brightstar Lottery's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.9%
  • 1 week+5.6%
  • 1 month+1.8%
  • This year-31.3%
  • 1 year-35.3%
  • 5 years-52.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.5B
Operating margin
27.3%
Net margin
5.9%
EPS (TTM, diluted)
$0.75

Growth

Revenue growth
−0.0%
Change in growth rate
+0.6 pts
Share count change
−3.4%

Cash

Free cash flow (TTM)
-$415M
FCF margin
-16.5%
Stock pay % of revenue
0.6%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Brightstar Lottery PLC valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$12
Price used
$9.84close November 3, 2026
Implied change
▲ +23%
Uncertainty
Low

How we got here: the combined value of 3 valuation models built for a business like Brightstar Lottery PLC (see the models table below and how they are combined) , with a 8.57% cost of equity. The models span ~$11–~$14; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Valuation models

We value Brightstar Lottery PLC as an operating company, with every model that fits that kind of business. Cost of equity 8.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.81 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$12 ~$9.3–$14 Primary model, counts double
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$11 ~$8.9–$13 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$14 ~$12–$17 Included
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: earnings are positive: price-to-earnings is the better measure
Cash-flow model (DCF) Free cash flow after stock pay, grown then faded to 2.5%, discounted at 8.5%. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Combined value Weighted average of the models that apply: the primary model (forward price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$12 ~$11–$14 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Brightstar Lottery PLC with Casinos & Gaming in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025
Share price$8.81$14.44$15.56$8.92$9.68$11.31$19.45$15.81$19.70$13.20$14.60
Market value$1.7bn$2.9bn$3.2bn$1.8bn$2.0bn$2.3bn$4.0bn$3.2bn$4.0bn$2.7bn$2.9bn
+ Net debt (− = net cash)$7.8bn$7.7bn$7.4bn$7.9bn$7.5bn$7.4bn$6.0bn$5.2bn$5.2bn$4.8bn$2.8bn
Enterprise value$9.5bn$10.6bn$10.6bn$9.7bn$9.4bn$9.7bn$10.0bn$8.4bn$9.2bn$7.5bn$5.6bn
Multiples
Price / sales 0.4x0.6x0.6x0.5x0.5x0.7x1.0x1.2x1.6x1.1x1.1x
Price / earnings —13.8x————8.4x11.7x25.6x7.7x19.6x
Price / free cash flow 4.3x———2.8x3.8x5.4x4.4x4.6x3.0x—
EV / EBITDA 7.2x6.9x14.1x9.0x8.7x21.1x7.0x6.8x9.5x8.4x—

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 10, 2026, before the open. Analysts expect revenue of $610m and EPS of $0.07 (range −$0.06 to $0.14) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.52 −43% $2.5bn −1%
Next $0.72 +38% $2.6bn +4%

Next year's EPS estimate has moved −10.3% in 90 days, across 5 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −15.3% on 90 days ago. In the last 30 days, 0 analysts raised Brightstar Lottery PLC's forecast and 4 cut it.

Consensus EPS forecast Brightstar Lottery PLC, last 90 days
$0.50 $0.60 $0.70 $0.80 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.61 Current fiscal year, 60 days ago: $0.51 Current fiscal year, 30 days ago: $0.52 Current fiscal year, 7 days ago: $0.52 Current fiscal year, Now: $0.52 $0.52 Next fiscal year, 90 days ago: $0.80 Next fiscal year, 60 days ago: $0.72 Next fiscal year, 30 days ago: $0.72 Next fiscal year, 7 days ago: $0.72 Next fiscal year, Now: $0.72 $0.72

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.61$0.80
60 days ago $0.51$0.72
30 days ago $0.52$0.72
7 days ago $0.52$0.72
Now $0.52$0.72

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.07 $0.11 +48.1%
Mar 2026 $0.18 $0.14 −22.1%
Dec 2025 $0.32 $0.36 +10.9%
Sept 2025 $0.29 $0.36 +25.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

9 analysts, Oct 2026
Buy667%
Hold333%
Sell00%

Monthly trend

  1. Oct 2026639
  2. Sep 2026639
  3. Aug 2026639
  4. Jul 2026459

Counts of recommendations published by analysts covering Brightstar Lottery PLC, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.5%
of tradable shares
Days to cover
4.22
at average volume
Short interest, 1 month
+3%
to October 15, 2026
Held by institutions
49%
of shares
Held by insiders
48.6%
of shares
Employees
5,746
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
BRSL+72%−19%+25%−33%+11%−31%
Industry peers (median)+24%−24%+13%−4%−11%−16%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
BRSL58%33%67%33%50%27%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
BRSL−33%−49%−24%−35%−20%−38%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 86% from May 16, 2018 to March 18, 2020. Getting back needed a 614% gain, reached on October 1, 2021, 562 days after the low.

Price behaviour

52-week range
$9.23 – $15.73
From 52-week high
−36.3%
vs 50-day average
−2.4%
vs 200-day average
−11.9%
Volatility (1 year)
33%
Beta vs S&P 500
0.78

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Options strategies

All options ideas

How Brightstar Lottery PLC’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Brightstar Lottery PLC in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Brightstar Lottery PLC
$2B $3B $4B $5B $6B FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 Revenue (TTM), FY14 Q4: $3.8B Revenue (TTM), FY15 Q4: $4.7B Revenue (TTM), FY16 Q4: $5.2B Revenue (TTM), FY17 Q4: $4.9B Revenue (TTM), FY18 Q4: $4B Revenue (TTM), FY19 Q4: $4B Revenue (TTM), FY20 Q4: $3.1B Revenue (TTM), FY21 Q4: $4.1B Revenue (TTM), FY22 Q4: $2.6B Revenue (TTM), FY23 Q4: $2.5B Revenue (TTM), FY24 Q4: $2.5B Revenue (TTM), FY25 Q4: $2.5B $2.5B

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY14 Q4 $3.8B
FY15 Q4 $4.7B
FY16 Q4 $5.2B
FY17 Q4 $4.9B
FY18 Q4 $4B
FY19 Q4 $4B
FY20 Q4 $3.1B
FY21 Q4 $4.1B
FY22 Q4 $2.6B
FY23 Q4 $2.5B
FY24 Q4 $2.5B
FY25 Q4 $2.5B
Revenue growth, TTM YoY Brightstar Lottery PLC
-40% -20% 0% 20% 40% FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 Revenue growth, TTM YoY, FY14 Q4: -0.5% Revenue growth, TTM YoY, FY15 Q4: 23.0% Revenue growth, TTM YoY, FY16 Q4: 9.9% Revenue growth, TTM YoY, FY17 Q4: -4.2% Revenue growth, TTM YoY, FY18 Q4: -19.4% Revenue growth, TTM YoY, FY19 Q4: 1.3% Revenue growth, TTM YoY, FY20 Q4: -22.7% Revenue growth, TTM YoY, FY21 Q4: 31.3% Revenue growth, TTM YoY, FY22 Q4: -36.5% Revenue growth, TTM YoY, FY23 Q4: -2.6% Revenue growth, TTM YoY, FY24 Q4: -0.7% Revenue growth, TTM YoY, FY25 Q4: -0.0% -0.0%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY14 Q4 -0.5%
FY15 Q4 23.0%
FY16 Q4 9.9%
FY17 Q4 -4.2%
FY18 Q4 -19.4%
FY19 Q4 1.3%
FY20 Q4 -22.7%
FY21 Q4 31.3%
FY22 Q4 -36.5%
FY23 Q4 -2.6%
FY24 Q4 -0.7%
FY25 Q4 -0.0%
Operating margin (TTM) Brightstar Lottery PLC
-10% 0% 10% 20% 30% FY13 Q4 FY16 Q4 FY19 Q4 FY24 Q4 Operating margin (TTM), FY13 Q4: 17.9% Operating margin (TTM), FY14 Q4: 18.8% Operating margin (TTM), FY15 Q4: 11.5% Operating margin (TTM), FY16 Q4: 12.8% Operating margin (TTM), FY17 Q4: -1.0% Operating margin (TTM), FY18 Q4: 11.9% Operating margin (TTM), FY19 Q4: 11.9% Operating margin (TTM), FY20 Q4: -3.4% Operating margin (TTM), FY21 Q4: 22.1% Operating margin (TTM), FY22 Q4: 28.6% Operating margin (TTM), FY23 Q4: 29.7% Operating margin (TTM), FY24 Q4: 27.3% 27.3%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY13 Q4 17.9%
FY14 Q4 18.8%
FY15 Q4 11.5%
FY16 Q4 12.8%
FY17 Q4 -1.0%
FY18 Q4 11.9%
FY19 Q4 11.9%
FY20 Q4 -3.4%
FY21 Q4 22.1%
FY22 Q4 28.6%
FY23 Q4 29.7%
FY24 Q4 27.3%
FCF margin (TTM) Brightstar Lottery PLC
-20% 0% 20% 40% FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 FCF margin (TTM), FY14 Q4: 19.2% FCF margin (TTM), FY15 Q4: 8.4% FCF margin (TTM), FY16 Q4: -4.0% FCF margin (TTM), FY17 Q4: -0.7% FCF margin (TTM), FY18 Q4: -11.1% FCF margin (TTM), FY19 Q4: 17.8% FCF margin (TTM), FY20 Q4: 19.6% FCF margin (TTM), FY21 Q4: 18.1% FCF margin (TTM), FY22 Q4: 28.4% FCF margin (TTM), FY23 Q4: 34.2% FCF margin (TTM), FY24 Q4: 35.9% FCF margin (TTM), FY25 Q4: -16.5% -16.5%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY14 Q4 19.2%
FY15 Q4 8.4%
FY16 Q4 -4.0%
FY17 Q4 -0.7%
FY18 Q4 -11.1%
FY19 Q4 17.8%
FY20 Q4 19.6%
FY21 Q4 18.1%
FY22 Q4 28.4%
FY23 Q4 34.2%
FY24 Q4 35.9%
FY25 Q4 -16.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 3,830 3,812 4,689 5,154 4,939 3,981 4,032 3,115 4,089 2,597 2,529 2,512 2,511
EBITDA 1,016 1,188 1,320 1,543 751 1,081 1,092 459 1,428 1,235 967 890 —
Operating income 684 715 540 660 −51 474 478 −107 902 743 752 686 —
Net income 202 86 −76 211 −1,069 −21 −19 −898 482 275 156 348 147
Diluted EPS $1.16 $0.49 −$0.39 $1.05 −$5.26 −$0.10 −$0.09 −$4.39 $2.33 $1.35 $0.77 $1.71 $0.74
Growth (year on year)
Revenue — −0.5% +23.0% +9.9% −4.2% −19.4% +1.3% −22.7% +31.3% −36.5% −2.6% −0.7% −0.0%
EBITDA — +16.9% +11.1% +16.9% −51.3% +43.9% +1.0% −58.0% +211.1% −13.5% −21.7% −8.0% —
Operating income — +4.5% −24.5% +22.3% −107.7% — +0.9% −122.4% — −17.6% +1.2% −8.8% —
Net income — −57.3% −187.7% — −605.6% — — — — −42.9% −43.3% +123.1% −57.8%
Diluted EPS — −57.8% −179.6% — −601.0% — — — — −42.1% −43.0% +122.1% −56.7%
Margins
EBITDA margin 26.5% 31.2% 28.1% 29.9% 15.2% 27.2% 27.1% 14.7% 34.9% 47.6% 38.2% 35.4% —
Operating margin 17.9% 18.8% 11.5% 12.8% −1.0% 11.9% 11.9% −3.4% 22.1% 28.6% 29.7% 27.3% —
Net margin 5.3% 2.3% −1.6% 4.1% −21.6% −0.5% −0.5% −28.8% 11.8% 10.6% 6.2% 13.9% 5.9%
Free-cash-flow margin 6.7% 19.2% 8.4% −4.0% −0.7% −11.1% 17.8% 19.6% 18.1% 28.4% 34.2% 35.9% −16.5%
Cash flow
Cash from operations 734 1,066 770 338 663 30 1,093 866 978 899 1,012 1,050 −99
Capital spending 477 335 377 542 698 472 377 255 238 162 147 149 316
Free cash flow 257 731 393 −204 −35 −443 716 611 740 737 865 901 −415
Stock-based pay 11 14 36 26 5 33 27 −7 35 34 34 38 15
Free cash flow after stock pay 246 717 357 −230 −39 −476 689 618 705 703 831 863 −430
Balance sheet
Cash 578 307 627 294 1,057 251 655 907 591 590 508 584 1,446
Total debt 0 2,959 8,437 7,957 8,481 8,109 8,123 8,299 6,577 5,795 5,714 5,396 4,203
Net debt (negative = net cash) −578 2,652 7,810 7,663 7,424 7,859 7,469 7,392 5,986 5,205 5,206 4,812 2,757
Diluted shares 174m 174m 192m 202m 203m 204m 204m 205m 207m 203m 203m 204m 197m
Returned to shareholders
Dividends 164 178 210 161 163 163 164 41 41 161 160 161 770
Buybacks — 53 0 0 — — 0 0 41 115 0 0 271
Total returned 164 231 210 161 163 163 164 41 82 276 160 161 1,041

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 6 checks passed · December 31, 2025
What it owns · $9.2bn
Short-term assets $2.3bnLonger-term assets $6.8bn
What it owes, and who funded it · $8.4bn
Short-term liabilities $3.1bnLonger-term liabilities $4.5bnShareholders' equity $875m
  • Short-term assets cover short-term liabilities $2.3bn of assets due within a year against $3.1bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.3bn short-term assets against $4.5bn of longer-dated liabilities.
  • More cash than debt $1.4bn of cash against $4.2bn of debt.
  • Debt below 40% of shareholders' equity Debt is 477% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 1011% to 477% over five years.
  • A year's operating cash flow covers at least 20% of debt −$99m of operating cash flow against $4.2bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Brightstar Lottery PLC's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$271M
Dividends (TTM)
$770M
Returned to shareholders
-251%
of free cash flow
Buybacks, last 3 fiscal years
$271M
Diluted share count
−3.4%
year over year
Total shareholder yield
55.5%
dividends 41.1% + buybacks 14.5% of market value
Dividend payout ratio
524%
of net income paid out
R&D spending
1.9%
of revenue
Sales & admin spending
8.6%
of revenue
Days sales outstanding
76 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in casinos & gaming
Last 12 months unless stated BRSL SGHC BALY CHDN RRR BYD Median
Revenue, last 12 months $2.5bn $2.2bn $3.0bn $3.0bn $2.0bn $4.1bn $2.4bn
Revenue growth, last 12 months −0.0% 21.6% 0.1% 4.2% 0.9% 0.3% 5.5%
Revenue growth, 3-year average −13.1% — 14.6% 8.1% 5.9% 3.3% 6.5%
Revenue growth, latest quarter — — 20.5% 1.9% −3.0% −1.4% 2.4%
Operating margin 27.3% — −7.3% 25.5% 27.7% 17.8% 10.1%
Operating margin, 3-year average 12.2% — −7.3% 25.0% 29.8% 20.0% 7.1%
Net margin 5.9% 9.7% −25.8% 15.1% 8.4% 12.3% 3.1%
Cash from operations / revenue −3.9% 16.1% −11.4% 25.2% 31.1% 14.4% 14.4%
Free-cash-flow margin −16.5% 14.3% −18.0% 20.1% 9.6% −0.4% 8.5%
Free-cash-flow margin, 3-year average 0.3% — −8.9% 15.7% 8.9% 7.8% 4.5%
Stock pay / revenue 0.6% 0.7% 1.0% 1.0% 1.7% 0.8% 0.9%
Change in share count −3.4% 0.8% −9.2% −3.9% — 0.1% −2.6%

Median of all 22 companies we cover in casinos & gaming. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

22 casinos & gaming companies
Measure Company Peer median Rank
Revenue growth Growth -0.0% 6.1% 21 of 21
Change in growth rate Growth +0.6pp -0.4pp 7 of 21
Operating margin Profitability 27.3% 10.1% 2 of 20
Net margin Profitability 5.9% 3.6% 8 of 22
Free-cash-flow margin Cash generation -16.5% 8.5% 20 of 21
Stock pay as % of revenue Cash generation 0.6% 0.9% 5 of 20
Long-term debt as % of assets Balance sheet 44.3% 44.3% 9 of 17
Change in share count Balance sheet -3.4% -3.0% 7 of 16
Days sales outstanding Balance sheet 76 days 13 days 18 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$932M
Institutions reporting
196
Shares held vs prior quarter
▲ 3.8%
Positions opened / closed
25 / 34

Top buyers and sellers, Q2 2026: 96 institutions bought and 91 sold ; the biggest buyer was Neuberger Berman Group LLC (+2.3M shares) and the biggest seller Royce & Associates LP (−2.2M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Lazard Asset Management LLC $108M 10.1M 11.6% ▲ 11.1%
Neuberger Berman Group LLC $97.7M 9.1M 10.5% ▲ 33.6%
Samlyn Capital, LLC $80.9M 7.5M 8.7% ▲ 14.3%
Massachusetts Financial Services Co $74.7M 7.0M 8.0% ▼ 3.1%
Blackrock, Inc. $72.7M 6.8M 7.8% ▲ 16.5%
Victory Capital Management Inc $54.4M 5.1M 5.8% ▼ 13.0%
Brown Advisory Inc $44.4M 4.1M 4.8% ▲ 30.2%
Citadel Advisors LLC $28.3M 2.6M 3.0% ▼ 9.7%
FMR LLC $27M 2.5M 2.9% ▲ 3.1%
Goldman Sachs Group Inc $26.9M 2.5M 2.9% ▲ 30.4%
Royal Bank Of Canada $20.8M 1.9M 2.2% ▲ 2623.7%
State Street Corp $20.1M 1.9M 2.2% ▼ 3.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Brightstar Lottery PLC's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K

Data status

When each part of this page on Brightstar Lottery PLC was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Brightstar Lottery PLC in brief

What does Brightstar Lottery PLC do?
Brightstar Lottery PLC is a US-listed company in the casinos & gaming industry. Its financial year ends in December.
What is Brightstar Lottery PLC's stock ticker?
Brightstar Lottery PLC trades under the ticker BRSL on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Brightstar Lottery PLC's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Brightstar Lottery PLC reported revenue of $2.5B, 0.0% lower than a year earlier, according to its SEC filings.
What is Brightstar Lottery PLC's free cash flow?
Brightstar Lottery PLC's free-cash-flow margin is -16.5% of revenue over the trailing twelve months, ranking 20 of the 21 casinos & gaming companies we cover.
Who are Brightstar Lottery PLC's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Lazard Asset Management LLC, Neuberger Berman Group LLC and Samlyn Capital, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Brightstar Lottery PLC buying back stock, and does it pay a dividend?
Brightstar Lottery PLC spent $271M on share repurchases over the trailing twelve months, and its diluted share count fell 3.4% over the year.
What is Brightstar Lottery PLC's market cap?
On December 31, 2025, Brightstar Lottery PLC's market capitalisation was about $2.9B, with a price-to-earnings ratio of 19.6 and net debt of $2.8B. Market figures come from third-party market data and may be delayed.
Does Brightstar Lottery PLC pay a dividend?
Yes: Brightstar Lottery PLC paid $770M in dividends over the trailing twelve months, a dividend yield of 41.09% and a payout ratio of 523.8%.
How much debt does Brightstar Lottery PLC have?
Brightstar Lottery PLC's debt-to-equity ratio is 477.5%, from its latest balance sheet (1011.2% five years earlier). The financial health section below sets out its other solvency checks.
Who are Brightstar Lottery PLC's competitors?
In our Casinos & Gaming peer group, the companies closest to Brightstar Lottery PLC are Super Group (sghc) Ltd, Bally's Corp, Churchill Downs Inc, Red Rock Resorts, Inc. and Boyd Gaming Corp. The side-by-side comparison below sets their revenue, margins and growth against Brightstar Lottery PLC's.
When is Brightstar Lottery PLC's next earnings date?
Around November 10, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Brightstar Lottery PLC announces its own schedule.