Inspired Entertainment, Inc. income statement
In fiscal 2025, Inspired Entertainment, Inc. reported revenue of $304m, up 2.4% on the year before, operating income of $30.5m (a 10.0% margin) and net income of −$17.0m, or −$0.58 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 128 | 120 | 123 | 141 | 153 | 200 | 206 | 285 | 323 | 297 | 304 | 281 |
| Cost of revenue | — | — | — | 23 | 25 | 46 | 52 | 95 | 129 | — | — | — |
| Gross profit | — | — | — | 119 | 128 | 154 | 154 | 190 | 194 | — | — | — |
| Research and development | 4 | 3 | 5 | 5 | 4 | 15 | 14 | 18 | 20 | 23 | 19 | — |
| Selling, general and administrative | 65 | 61 | 58 | 60 | 70 | 68 | 77 | 91 | 104 | — | — | — |
| General and administrative | — | — | — | — | — | — | — | — | — | 131 | 128 | 114 |
| Operating income | −1 | −1 | −12 | −7 | −13 | −18 | −5 | 47 | 39 | 31 | 31 | 40 |
| Interest expense | 58 | 58 | 29 | 21 | 28 | 30 | 44 | 25 | 28 | 29 | 37 | 43 |
| Income before tax | −59 | −60 | −49 | 14 | −41 | −56 | −42 | 23 | 12 | 2 | −6 | −2 |
| Income tax | 1 | 0 | 0 | −0 | 0 | 0 | −2 | 2 | 5 | −63 | 11 | 7 |
| Net income | −60 | −60 | −49 | 13 | −41 | −57 | −41 | 21 | 7 | 65 | −17 | −9 |
| Diluted EPS | −$5.23 | −$5.11 | −$2.68 | $0.59 | −$1.88 | −$2.39 | −$1.66 | $0.73 | $0.24 | $2.22 | −$0.58 | −$0.32 |
| Diluted shares (average) | 11m | 12m | 18m | 23m | 22m | 24m | 24m | 29m | 29m | 29m | 29m | 29m |
| EBITDA | 38 | 21 | 6 | 13 | 9 | 12 | 21 | 68 | 79 | 74 | 83 | 94 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 77 | 83 | 60 | 80 | 86 | 77 | 57 | 61 |
| Selling, general and administrative | 30 | — | — | — | — | — | — | — |
| General and administrative | — | 34 | 30 | 32 | 32 | 34 | 24 | 24 |
| Operating income | 11 | 13 | 2 | 8 | 10 | 11 | 9 | 10 |
| Interest expense | 8 | 9 | 7 | 7 | 13 | 11 | 11 | 10 |
| Income before tax | 4 | 4 | −5 | 1 | −3 | 1 | −1 | 1 |
| Income tax | 1 | −63 | −5 | 9 | −1 | 8 | −1 | 0 |
| Net income | 3 | 67 | −0 | −8 | −2 | −7 | −1 | 0 |
| Diluted EPS | $0.10 | $2.30 | $0.00 | −$0.27 | −$0.07 | −$0.24 | −$0.02 | $0.01 |
| EBITDA | 22 | 25 | 12 | 23 | 23 | 25 | 22 | 24 |
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