Inspired Entertainment, Inc. INSE
Entertainment, Inc. (the "Company", "Inspired", "we" or "us") is a global gaming technology
company, supplying content, platform and other products and services to licensed online and land-based lottery, betting and gaming operators
worldwide through a broad range of distribution channels, on a business-to-business basis. We provide end-to-end digital gaming solutions
(i) on our own proprietary and secure network, which accommodates a wide range of devices, including land-based gaming machine terminals,
Last close
5.59
2026-09-04
Market cap
$147.3M
2026-06-30 share count
52-week range
5.35 - 9.95
Valuation FY2025 figures against the last close
P/S0.5x
P/E—
P/FCF9.0x
EV/EBITDA9.1x
Dividend yield—
Diluted EPS-0.58
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $304.1M | $297.1M | $322.9M | $284.5M | $205.8M | $198.3M | $153.4M | $141.4M | $122.5M | $47.7M |
| Cost of revenue | — | — | $128.6M | $94.9M | $51.8M | $45.9M | $25.4M | $22.6M | $15.8M | $16.6M |
| Gross profit | — | — | $194.3M | $189.6M | $154.0M | $152.4M | $128.0M | $118.8M | $106.7M | $31.1M |
| R&D | $19.4M | $22.7M | $20.3M | $18.3M | $13.8M | $15.1M | $3.8M | $4.8M | $5.2M | $3.4M |
| SG&A | $128.1M | $130.8M | $115.8M | $102.7M | $77.3M | $67.6M | $70.4M | $60.1M | $58.3M | $60.7M |
| Total operating expenses | $6.9M | $3.7M | — | — | — | — | — | — | — | — |
| Operating income | $30.5M | $30.7M | $38.9M | $46.5M | -$4.5M | -$18.0M | -$13.0M | -$7.3M | -$11.9M | -$1.3M |
| Interest expense | $37.3M | $29.4M | $27.4M | $25.2M | $44.3M | $30.0M | $27.7M | $20.6M | $29.4M | $58.3M |
| Pre-tax income | -$5.9M | $1.8M | $11.9M | $23.3M | -$42.2M | -$56.4M | -$41.0M | $13.5M | -$48.9M | -$59.6M |
| Income tax | $11.1M | $63.0M | $5.0M | $2.1M | $1.6M | $400.0K | $100.0K | $200.0K | $184.0K | $307.0K |
| Net income | -$17.0M | $64.8M | $6.9M | $21.2M | -$40.6M | -$56.8M | -$41.1M | $13.3M | -$49.1M | -$59.9M |
| EPS, basic | -0.58 | 2.27 | 0.25 | 0.76 | -1.66 | -2.39 | -1.88 | 0.64 | — | — |
| EPS, diluted | -0.58 | 2.22 | 0.24 | 0.73 | -1.66 | -2.39 | -1.88 | 0.59 | -2.68 | -5.11 |
| Shares, diluted (wtd. avg.) | $29.1M | $29.2M | $29.2M | $29.1M | $24.4M | $23.7M | $21.9M | $22.5M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $43.3M | $29.3M | $40.0M | $25.0M | $47.8M | $47.1M | $29.1M | $16.0M | — | — |
| Receivables | $43.9M | $65.4M | $43.8M | $40.4M | $31.6M | $27.5M | $24.2M | $14.3M | $20.5M | $16.4M |
| Inventory | $18.5M | $28.0M | $32.3M | $30.3M | $15.5M | $17.6M | $18.8M | $5.2M | $5.0M | $7.7M |
| Total current assets | $158.0M | $159.9M | $155.7M | $129.2M | $124.1M | $109.0M | $95.3M | $58.6M | $63.2M | $44.7M |
| Property, plant and equipment | $60.5M | $56.4M | $60.7M | $43.5M | $50.9M | $65.5M | $79.3M | $45.7M | $43.5M | $49.2M |
| Goodwill | $62.1M | $57.8M | $58.8M | $55.5M | $62.2M | $63.0M | $80.9M | $45.8M | $47.1M | $45.7M |
| Other intangibles | $14.0M | $16.1M | $13.4M | $14.6M | $17.4M | $7.7M | $9.9M | $5.7M | $9.2M | $12.2M |
| Total assets | $439.9M | $438.4M | $343.0M | $290.0M | $308.7M | $324.1M | $327.4M | $207.9M | $219.0M | $189.9M |
| Accounts payable | $20.0M | $29.3M | $41.9M | $23.7M | $20.8M | $15.8M | $22.2M | $14.4M | $20.4M | $13.7M |
| Short-term debt | — | $18.8M | $19.1M | — | — | — | $2.6M | — | $7.4M | $10.1M |
| Total current liabilities | $70.8M | $104.0M | $100.7M | $74.9M | $81.9M | $94.9M | $88.1M | $64.3M | $61.2M | $58.8M |
| Long-term debt | $345.2M | $292.2M | $295.6M | $277.6M | $309.0M | $297.5M | $270.5M | $131.2M | $115.4M | $402.3M |
| Total liabilities | $456.1M | $441.7M | $418.9M | $372.8M | $417.4M | $425.8M | $386.7M | $232.4M | $221.4M | $485.9M |
| Retained earnings | -$458.9M | -$441.5M | -$506.3M | -$514.6M | -$524.8M | -$457.4M | -$412.8M | -$385.5M | -$398.8M | -$329.8M |
| Total equity | -$16.2M | -$3.3M | -$75.9M | -$82.8M | -$106.5M | -$128.8M | -$61.7M | -$24.1M | -$48.2M | -$296.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $52.0M | $31.7M | $54.7M | $29.6M | $2.4M | $47.8M | $30.7M | $34.2M | $18.3M | $18.6M |
| Depreciation and amortisation | $18.6M | $19.8M | $19.0M | $21.3M | $25.9M | $29.9M | $21.7M | $20.3M | $18.4M | $22.4M |
| Stock-based compensation | $6.7M | $7.6M | $11.2M | $10.8M | $13.0M | $4.8M | $9.0M | $7.4M | $4.2M | — |
| Capital expenditure | $35.7M | $17.0M | $32.0M | $20.6M | $11.3M | $15.3M | $10.5M | $24.8M | $15.1M | $9.5M |
| Investing cash flow | -$40.5M | -$40.1M | -$57.6M | -$37.5M | -$32.4M | -$23.7M | -$133.4M | -$42.9M | -$35.4M | -$31.9M |
| Financing cash flow | — | -$1.6M | $16.2M | -$11.0M | $31.2M | -$8.2M | $113.5M | $11.2M | $34.6M | $11.1M |
| Buybacks | $400.0K | — | $1.6M | $10.4M | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-025028.
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