Inspired Entertainment, Inc. balance sheet
At the end of fiscal 2025, Inspired Entertainment, Inc. had total assets of $440m, total liabilities of $456m and shareholders' equity of −$16.2m. It held $43.3m in cash against $363m of debt.
Balance sheet
| Fiscal year | 2015Sept 2015 | 2016Sept 2016 | 2017Sept 2017 | 2018Sept 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | — | — | 29 | 47 | 48 | 25 | 40 | 29 | 43 | 23 |
| Receivables | — | 16 | 20 | 14 | 24 | 28 | 32 | 40 | 44 | 65 | 44 | — |
| Inventory | — | 8 | 5 | 5 | 19 | 18 | 16 | 30 | 32 | 28 | 19 | 18 |
| Total current assets | 1 | 0 | 63 | 59 | 95 | 109 | 124 | 129 | 156 | 160 | 158 | 125 |
| Goodwill | 53 | 46 | 47 | 46 | 81 | 63 | 62 | 56 | 59 | 58 | 62 | 61 |
| Total assets | 81 | 80 | 219 | 208 | 327 | 324 | 309 | 290 | 343 | 438 | 440 | 393 |
| Accounts payable | — | 14 | 20 | 14 | 22 | 16 | 21 | 24 | 42 | 29 | 20 | 15 |
| Deferred revenue (current) | — | 10 | 7 | 9 | 10 | 12 | 7 | 5 | 6 | 6 | 7 | 8 |
| Total current liabilities | 2 | 4 | 61 | 64 | 88 | 95 | 82 | 75 | 101 | 104 | 71 | 55 |
| Short-term debt | — | 10 | 7 | 0 | 3 | — | — | — | 19 | 19 | — | — |
| Long-term debt | — | 402 | 115 | 131 | 271 | 298 | 309 | 278 | 296 | 292 | 345 | 319 |
| Total debt | — | 412 | 124 | 132 | 291 | 314 | 317 | 283 | 319 | 313 | 363 | 319 |
| Total liabilities | 5 | 7 | 221 | 232 | 387 | 426 | 417 | 373 | 419 | 442 | 456 | 409 |
| Shareholders' equity | 5 | 5 | −48 | −25 | −62 | −129 | −107 | −83 | −76 | −3 | −16 | −16 |
| Non-controlling interests and other (assets − liabilities − equity) | 71 | 68 | 46 | — | — | 27 | — | — | — | — | — | — |
| Shares outstanding | 12m | 13m | 20m | 21m | 22m | 22m | 26m | 26m | 26m | 27m | 27m | 26m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | — | 65 | — | — | — | 44 | — | — |
| Inventory | 32 | 28 | 31 | 25 | 27 | 19 | 16 | 18 |
| Total current assets | 165 | 160 | 162 | 166 | 198 | 158 | 146 | 125 |
| Goodwill | 62 | 58 | 60 | 63 | 62 | 62 | 61 | 61 |
| Total assets | 389 | 438 | 459 | 487 | 486 | 440 | 421 | 393 |
| Accounts payable | 31 | 29 | 38 | 44 | 42 | 20 | 15 | 15 |
| Deferred revenue (current) | 6 | 6 | 6 | 6 | 7 | 7 | 8 | 8 |
| Total current liabilities | 109 | 104 | 113 | 98 | 109 | 71 | 70 | 55 |
| Short-term debt | 20 | 19 | 19 | — | — | — | — | — |
| Long-term debt | 312 | 292 | 302 | 350 | 344 | 345 | 326 | 319 |
| Total debt | 333 | 311 | 321 | 350 | 344 | 345 | 326 | 319 |
| Total liabilities | 467 | 442 | 461 | 496 | 495 | 456 | 434 | 409 |
| Shareholders' equity | −78 | −3 | −2 | −10 | −9 | −16 | −12 | −16 |
| Shares outstanding | 27m | 27m | 27m | 27m | 27m | 27m | 27m | 26m |
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