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Inspired Entertainment, Inc., a gaming technology company, supplies content, platform, and other products and services to online and land-based regulated lottery, betting, and gaming operators in the United Kingdom, Greece, and internationally. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to licensed betting offices, casinos, gaming halls, and adult gaming centers; a portfolio of games through its digital terminals under the Gold Cash Free Spins, Golden Winner, Cops n Robbers Big Money, Big Piggy Bank, and Wolf it Up; and a range of traditional casino games, such as roulette, blackjack, and number games. This segment also offers Velos, Vantage Slant, Astra's Community Party, Valiant, Vantage Cat C, Vantage, Valor, Prismatic B3, Prismatic Cat C, Ipub3, Sabre Hydra, Eclipse, and Flex gaming cabinets. Its Virtual Sports segment designs, develops, markets, and distributes games, including greyhound racing, tennis, motor racing, cycling, cricket, speedway, golf, and darts games under the V-Play Soccer, V-Play Women's Soccer, V-Play Football, V-Play Basketball, and V-Play Baseball brands. The Interactive segment provides a range of random number generated casino content from feature-rich bonus games to European-style casino free spins and table games. Its Leisure segment supplies gaming terminals and amusement machines in pubs, bingo halls, and adult gaming centers. Inspired Entertainment, Inc. was founded in 2002 and is headquartered in New York, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $304M | $92M | $-17M | $6M | 104.9% | 2.4% | -126.2% |
| 2024 | $297M | $82M | $65M | $3M | -1963.6% | -8.0% | 839.1% |
| 2023 | $323M | $86M | $7M | $8M | -9.1% | 13.5% | -67.5% |
| 2022 | $285M | $94M | $21M | $-1M | -24.8% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 284.50 | 322.90 | 297.10 | 304.10 |
| Operating Revenue | - | 284.50 | 322.90 | 297.10 | 304.10 |
| Cost Of Revenue | - | 94.90 | 128.60 | 92.30 | 86.50 |
| Gross Profit | - | 189.60 | 194.30 | 204.80 | 217.60 |
| Operating Expense | - | 142.60 | 155.40 | 174.10 | 180.50 |
| Selling General And Administration | - | 102.70 | 115.80 | 130.80 | 128.10 |
| Total Expenses | - | 237.50 | 284 | 266.40 | 267 |
| Operating Income | - | 47 | 38.90 | 30.70 | 37.10 |
| Total Operating Income As Reported | - | 46.50 | 38.90 | 30.70 | 30.50 |
| EBITDA | - | 94.10 | 86.10 | 82.30 | 92.10 |
| Normalized EBITDA | - | 93.70 | 86.10 | 82.30 | 98.70 |
| EBIT | - | 50.70 | 42.70 | 34.60 | 35 |
| Interest Expense | - | 27.40 | 30.80 | 32.80 | 40.90 |
| Net Interest Income | - | -24.10 | -27 | -28.90 | -36.40 |
| Other Income Expense | 3.90 | 0.40 | - | - | -6.60 |
| Interest Expense Non Operating | - | 27.40 | 30.80 | 32.80 | 40.90 |
| Net Non Operating Interest Income Expense | - | -24.10 | -27 | -28.90 | -36.40 |
| Pretax Income | - | 23.30 | 11.90 | 1.80 | -5.90 |
| Tax Provision | - | 2.10 | 5 | -63 | 11.10 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.04 | 0 | 0 | -1.39 |
| Net Income Continuous Operations | - | 21.20 | 6.90 | 64.80 | -17 |
| Net Income From Continuing And Discontinued Operation | - | 21.20 | 6.90 | 64.80 | -17 |
| Net Income From Continuing Operation Net Minority Interest | - | 21.20 | 6.90 | 64.80 | -17 |
| Net Income | - | 21.20 | 6.90 | 64.80 | -17 |
| Net Income Common Stockholders | - | 21.20 | 6.90 | 64.80 | -17 |
| Net Income Including Noncontrolling Interests | - | 21.20 | 6.90 | 64.80 | -17 |
| Normalized Income | - | 20.84 | 6.90 | 64.80 | -11.79 |
| Diluted NI Availto Com Stockholders | - | 21.20 | 6.90 | 64.80 | -17 |
| Basic Average Shares | - | 26.45 | 28.07 | 28.52 | 29.06 |
| Diluted Average Shares | - | 29.04 | 29.21 | 29.20 | 29.06 |
| Reconciled Depreciation | - | 43.40 | 43.40 | 47.70 | 57.10 |
| Reconciled Cost Of Revenue | - | 91.40 | 124.80 | 87.90 | 81.80 |
| Total Unusual Items | - | 0.40 | 0 | 0 | -6.60 |
| Total Unusual Items Excluding Goodwill | - | 0.40 | 0 | 0 | -6.60 |
| Special Income Charges | - | 0.40 | 0 | 0 | -6.60 |
| Gain On Sale Of Business | - | 0.90 | 0 | 0 | -6.60 |
| Impairment Of Capital Assets | 0 | 0 | - | - | - |
| Restructuring And Mergern Acquisition | 1.60 | 0.50 | 0 | 0 | - |
| Gain On Sale Of Security | 5.50 | - | - | - | - |
| Depreciation Amortization Depletion Income Statement | - | 39.90 | 39.60 | 43.30 | 52.40 |
| Depreciation And Amortization In Income Statement | - | 39.90 | 39.60 | 43.30 | 52.40 |
| General And Administrative Expense | 110.20 | - | - | - | - |
| Other Gand A | 110.20 | - | - | - | - |
| Total Other Finance Cost | - | -3.30 | -3.80 | -3.90 | -4.50 |
| Earnings From Equity Interest | 0 | 0 | - | - | - |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Inspired Entertainment, Inc.this co. | INSE | $206M | -12.13 | -12.73 | 104.9% | 5.83 |
| Flexsteel Industries, Inc. | FLXS | $238M | 11.80 | 1.42 | 12.0% | 8.38 |
| Jack in the Box Inc. | JACK | $222M | -2.75 | -0.24 | 8.6% | 91.00 |
| Motorcar Parts of America, Inc. | MPAA | $205M | -10.53 | 0.80 | -7.6% | 7.90 |
| Superior Group of Companies, Inc. | SGC |
| - |
| - |
| - |
| - |
| - |
| - |
| $203M |
| 28.99 |
| 1.05 |
| 3.6% |
| 11.08 |
| J.Jill, Inc. | JILL | $198M | 7.08 | 1.63 | 23.0% | 5.39 |
| RCI Hospitality Holdings, Inc. | RICK | $192M | 17.75 | 0.74 | 4.1% | 9.06 |
| OneWater Marine Inc. | ONEW | $180M | -1.57 | 0.63 | -40.2% | -17.50 |
| Traeger, Inc. | COOK | $173M | -1.50 | 1.01 | -67.4% | -17.10 |
| Peer Median | - | 2.79 | 0.90 | 3.9% | 8.14 | |