INSE · Inspired Entertainment, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $57.20M | - | $86.20M | $80.30M | $60.40M | - | $78.00M | $75.60M | $63.10M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | $15.90M | - |
| Gross Profit | - | - | - | - | - | - | - | - | $47.20M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $24.30M | - | $31.70M | $31.90M | $30.30M | - | $29.60M | $29.20M | $31.90M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $12.50M | - | $13.20M | $15.30M | $10.60M | - | $11.30M | $10.60M | $9.90M | - |
| Operating Income | $9.20M | - | $9.70M | $7.90M | $1.60M | - | $11.90M | $9.40M | ($1.40M) | - |
| Interest Expense | $10.50M | - | $12.50M | $7.10M | $6.50M | - | $6.90M | $7.30M | $6.60M | - |
| Income Tax | ($700.0K) | - | ($700.0K) | $8.80M | ($5.10M) | - | $1.00M | $800.0K | ($2.20M) | - |
| Net Income | ($500.0K) | - | ($1.90M) | ($7.80M) | ($100.0K) | - | $3.40M | $2.00M | ($5.70M) | - |
| EPS - Basic | ($0.02) | - | ($0.07) | ($0.27) | $0.00 | - | $0.12 | $0.07 | ($0.20) | - |
| EPS - Diluted | ($0.02) | - | ($0.07) | ($0.27) | $0.00 | - | $0.12 | $0.07 | ($0.20) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $42.30M | $43.30M | $36.30M | $23.50M | $35.30M | $29.30M | $36.50M | $23.50M | $35.30M | $40.00M |
| Accounts Receivable | - | $43.90M | - | - | - | $65.40M | - | - | - | $40.60M |
| Inventory | $15.80M | $18.50M | $26.70M | $24.90M | $31.10M | $28.00M | $31.60M | $30.40M | $31.70M | $32.30M |
| Accounts Payable | $15.40M | $20.00M | $41.70M | $44.30M | $37.70M | $29.30M | $30.90M | $26.70M | $35.20M | $41.90M |
| Current Assets | $146.00M | $158.00M | $198.40M | $165.70M | $161.80M | $159.90M | $165.40M | $135.50M | $144.10M | $152.50M |
| Total Assets | $421.20M | $439.90M | $485.80M | $486.80M | $458.90M | $438.40M | $388.60M | $326.60M | $331.10M | $340.90M |
| Current Liabilities | $70.30M | $70.80M | $109.10M | $98.30M | $113.10M | $104.00M | $109.30M | $87.70M | $94.10M | $100.70M |
| Long-term Debt | $326.30M | $345.20M | $344.40M | $349.60M | $301.50M | $292.20M | $312.40M | $294.00M | $293.30M | $295.60M |
| Total Liabilities | $433.60M | $456.10M | $494.80M | $496.30M | $461.10M | $441.70M | $466.90M | $404.00M | $412.30M | $418.90M |
| Stockholders' Equity | ($12.40M) | ($16.20M) | ($9.00M) | ($9.50M) | ($2.20M) | ($3.30M) | ($78.30M) | ($77.40M) | ($81.20M) | ($78.00M) |
| Retained Earnings | ($462.00M) | ($458.90M) | ($451.30M) | ($449.40M) | ($441.60M) | ($441.50M) | ($508.90M) | ($512.30M) | ($514.30M) | ($508.60M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $26.70M | - | - | - | $25.50M | - | - | - | $3.60M | - |
| Investing Cash Flow | ($10.10M) | - | - | - | ($15.10M) | - | - | - | ($7.70M) | - |
| Financing Cash Flow | ($16.70M) | - | - | - | ($1.70M) | - | - | - | ($200.0K) | - |
| CapEx | $3.70M | - | - | - | $9.20M | - | - | - | $4.40M | - |
| Free Cash Flow | $23.00M | - | - | - | $16.30M | - | - | - | ($800.0K) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | 74.8% | - |
| Operating margin | 16.1% | - | 11.3% | 9.8% | 2.6% | - | 15.3% | 12.4% | -2.2% | - |
| EBITDA margin | 37.9% | - | 26.6% | 28.9% | 20.2% | - | 29.7% | 26.5% | 13.5% | - |
| Net margin | -0.9% | - | -2.2% | -9.7% | -0.2% | - | 4.4% | 2.6% | -9.0% | - |
| Free cash flow margin | 40.2% | - | - | - | 27.0% | - | - | - | -1.3% | - |
| FCF / Net income | -46.00 | - | - | - | -163.00 | - | - | - | 0.14 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 42.5% | - | 36.8% | 39.7% | 50.2% | - | 37.9% | 38.6% | 50.6% | - |
| Effective tax rate | - | - | - | 880.0% | - | - | 22.7% | 28.6% | - | - |
| Return on assets | -0.1% | - | -0.4% | -1.6% | -0.0% | - | 0.9% | 0.6% | -1.7% | - |
| Return on equity | 4.0% | - | 21.1% | 82.1% | 4.5% | - | -4.3% | -2.6% | 7.0% | - |
| Return on invested capital | 2.3% | - | 2.3% | 1.2% | 0.4% | - | 3.9% | 3.1% | -0.5% | - |
| Liquidity | ||||||||||
| Current ratio | 2.08 | 2.23 | 1.82 | 1.69 | 1.43 | 1.54 | 1.51 | 1.55 | 1.53 | 1.51 |
| Quick ratio | 1.85 | 1.97 | 1.57 | 1.43 | 1.16 | 1.27 | 1.22 | 1.20 | 1.19 | 1.19 |
| Cash ratio | 0.60 | 0.61 | 0.33 | 0.24 | 0.31 | 0.28 | 0.33 | 0.27 | 0.38 | 0.40 |
| Leverage | ||||||||||
| Debt / Equity | -26.31 | -21.31 | -38.27 | -36.80 | -137.05 | -88.55 | -3.99 | -3.80 | -3.61 | -3.79 |
| Debt / Assets | 0.77 | 0.78 | 0.71 | 0.72 | 0.66 | 0.67 | 0.80 | 0.90 | 0.89 | 0.87 |
| Debt / EBITDA | 15.04 | - | 15.04 | 15.07 | 24.71 | - | 13.47 | 14.70 | 34.51 | - |
| Interest coverage | 0.9x | - | 0.8x | 1.1x | 0.2x | - | 1.7x | 1.3x | -0.2x | - |
| Equity multiplier | -33.97 | -27.15 | -53.98 | -51.24 | -208.59 | -132.85 | -4.96 | -4.22 | -4.08 | -4.37 |
| Liabilities / Assets | 1.03 | 1.04 | 1.02 | 1.02 | 1.00 | 1.01 | 1.20 | 1.24 | 1.25 | 1.23 |
| Efficiency | ||||||||||
| Asset turnover | 0.14 | - | 0.18 | 0.16 | 0.13 | - | 0.20 | 0.23 | 0.19 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | 0.50 | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | 728d | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | 808d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | 77.3x | 130.7x | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | 3.7x | - | 3.2x | 3.0x | 4.1x | - | 3.5x | 3.5x | 4.5x | - |
| EV / EBITDA | 22.7x | - | 25.4x | 24.3x | 42.1x | - | 23.6x | 26.8x | 63.5x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -5.3% | - | 10.5% | 6.2% | -4.3% | - | -20.0% | -6.0% | -4.4% | - |
| Revenue CAGR (3y) | -4.7% | - | 4.8% | 4.0% | -0.1% | - | 0.2% | 22.1% | 6.5% | - |
| Revenue CAGR (5y) | 1.8% | - | 26.5% | 24.6% | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | -14.3% | - |
| Operating income growth (YoY) | 475.0% | - | -18.5% | -16.0% | - | - | -2.5% | -24.2% | - | - |
| Net income growth (YoY) | -400.0% | - | - | - | 98.2% | - | 0.0% | -51.2% | -2750.0% | - |
| EPS growth (YoY) | - | - | - | - | - | - | 0.0% | -50.0% | -1900.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | 81.7% | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 41.1% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | 43.3% | - | - | - | - | - |
| Book value growth (YoY) | -463.6% | -390.9% | 88.5% | 87.7% | 97.3% | 95.8% | -8.0% | -53.9% | -49.3% | -35.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$304.10M totalGaming$112.30M · 36.9%
Leisure$96.60M · 31.8%
Interactive$58.60M · 19.3%
Virtualsports$36.60M · 12.0%
Product / service
$304.10M totalService$278.60M · 91.6%
Product Sales$25.50M · 8.4%
Geographic
$304.10M totalGB$209.70M · 69.0%
Rest Of World$67.30M · 22.1%
GR$27.10M · 8.9%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing Inspired Entertainment against the 5 most active filers in the same SIC group.