10-Q · May 7, 2026
Inspired Entertainment, Inc. reported Q1 2026 results with revenue of $57.2 million, down 5% from the same quarter last year, alongside a net loss of $0.5 million. The Interactive segment showed strong growth,…
Earnings analysis · 10-K
INSE earnings analysis
Filed May 22, 2026 · Our reading of the company's report
The latest report
Inspired Entertainment, Inc. reported its 2025 financial results with total revenue of $304.1 million, a slight increase from $297.1 million in 2024. Despite the revenue growth, the company faced substantial losses,…
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Inspired Entertainment, Inc. reported its 2025 financial results with total revenue of $304.1 million, a slight increase from $297.1 million in 2024. Despite the revenue growth, the company faced substantial losses, culminating in a net loss of $17 million compared to a net income of $64.8 million in the previous year. The company reaffirmed its commitment to achieving adjusted EBITDA of $112 million to $118 million for the year 2026, reflecting a cautious outlook amidst ongoing operational challenges.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.58
- Segment
- Gaming
- Segment
- Virtual Sports
- Segment
- Interactive
- Segment
- Leisure
What stood out
-
Stable Revenue Growth
Total revenue of $304.1 million in 2025, up from $297.1 million in 2024.
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Increased Operating Cash Flow
Operating cash flows increased to $52 million, compared to $31.7 million in 2024.
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Growth in Free Cash Flow
Free cash flow turned positive, reporting $13.5 million compared to a substantial negative in the prior year.
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Improved Gross Margins
Gross margin improved to 71.5% in 2025, compared to 70.4% in 2024.
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Adjusted EBITDA Target Maintained
Management reiterated full-year 2026 adjusted EBITDA target of $112 million to $118 million.
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Share Repurchase Program Initiated
The company authorized $25 million for repurchase of shares, completing $0.4 million by 2025.
What to watch
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Escalating Net Loss
The company reported a net loss of $17 million in 2025 versus net income of $64.8 million in 2024.
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Declining Segment Performance
Revenue from leisure segment slipped, impacting profitability.
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Cash Flow Volatility Risks
Liquidity management relies on a combination of cash flow from operations and external borrowing.
Management's outlook
Annual outlook deferred to earnings press release / call.
Earlier filings 4
10-K · March 10, 2026
Inspired Entertainment Inc (INSE) experienced significant operational challenges in 2025, culminating in a net loss of $17 million compared to a net income of $64.8 million in the previous year. This decline was…
10-Q · November 6, 2025
Inspired Entertainment, Inc. reported a revenue increase of 12% to $86 million in Q3 2025, compared to $77.2 million in Q3 2024. The operational performance demonstrated strength with increased revenues across most…
10-Q · August 6, 2025
In Q2 2025, Inspired Entertainment reported revenue of $80 million, a 6.7% increase from Q2 2024, driven by Gaming and Interactive segments. However, the company faced a net loss of $7.8 million, significantly down from…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.