0001493152-26-009479
SEC filingInspired Entertainment, Inc. reported total revenue of $304.1 million for fiscal year 2025. The company generated a net operating income of $30.5 million, but high interest expense of $37.3 million resulted in a net loss before income taxes of $5.9 million. After an income tax benefit of $11.1 million, the company reported a net loss of $17.0 million and comprehensive loss of $17.5 million. The balance sheet shows total assets of $439.9 million, with significant long-term debt of $345.2 million contributing to a stockholders' deficit of $16.2 million. Cash flow from operations was positive at $52.0 million, while investing activities used $40.5 million primarily for property, equipment, and software purchases. The company ended the period with $42.0 million in cash and $1.3 million in restricted cash.
Inspired Entertainment, Inc. reported mixed financial results for fiscal year 2025. The company generated total revenue of $304.1 million and achieved net operating income of $30.5 million. However, significant interest expense of $37.3 million and a loss on sale of business of $6.6 million contributed to a net loss before income taxes of $5.9 million. After recording an income tax benefit of $11.1 million, the company reported a net loss of $17.0 million. Comprehensive loss was $17.5 million, including other comprehensive loss of $500,000. The company reported negative earnings per share of $1.00 for both basic and diluted calculations, based on 29.1 million weighted average shares outstanding.
The filing provides consolidated revenue figures without segment or geographic breakdown. Total revenue of $304.1 million represents the company's combined performance across all business activities. No specific revenue drivers, product categories, or geographic contributions are disclosed in the provided data. The absence of segment reporting suggests the company may operate as a single reporting unit or that segment data was not included in this excerpt of the filing.
The company achieved a gross profit of $217.6 million (revenue of $304.1 million minus cost of sales of $86.5 million), resulting in a gross margin of 71.6%. Operating expenses totaled $180.5 million, comprising selling, general and administrative expenses of $128.1 million and depreciation and amortization of $52.4 million. This produced an operating margin of 10.0% based on net operating income of $30.5 million. The cost structure shows significant selling, general and administrative expenses representing 42.1% of revenue, while cost of sales accounted for 28.4% of revenue.
The company generated strong operating cash flow of $52.0 million, primarily driven by net loss adjustments including depreciation and amortization of $46.5 million and stock-based compensation of $6.7 million. Investing activities used $40.5 million for purchases of property and equipment ($35.7 million), software development ($9.9 million), and contract costs ($13.0 million), partially offset by $18.1 million from the sale of a business. Free cash flow (operating cash flow minus capital expenditures) was $11.5 million. The balance sheet shows total assets of $439.9 million, with current assets of $158.0 million including cash of $42.0 million and accounts receivable of $43.9 million. Total liabilities of $456.1 million exceed total assets, resulting in stockholders' deficit of $16.2 million, primarily due to long-term debt of $345.2 million and accumulated deficit of $458.9 million.
The provided data does not include management guidance, strategic priorities, or specific risk factors from the filing. No forward-looking statements, growth projections, or operational targets are disclosed in the extracted financial statements. Investors would need to review the full 10-K filing, particularly the Management's Discussion and Analysis section and risk factors, to understand the company's outlook, strategic initiatives, and potential challenges for future periods.