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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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | 47 | 38.90 | 30.70 | 37.10 |
| EBITDA | 94.10 | 86.10 | 82.30 | 92.10 |
| EBIT | 50.70 | 42.70 | 34.60 | 35 |
| Pretax Income | 23.30 | 11.90 | 1.80 | -5.90 |
| Tax Provision | 2.10 | 5 | -63 | 11.10 |
| Net Income | 21.20 | 6.90 | 64.80 | -17 |
| Net Income Common Stockholders | 21.20 | 6.90 | 64.80 | -17 |
| Total Expenses | 237.50 | 284 | 266.40 | 267 |
| Interest Expense | 27.40 | 30.80 | 32.80 | 40.90 |
| Selling General And Administration | 102.70 | 115.80 | 130.80 | 128.10 |
| Normalized EBITDA | 93.70 | 86.10 | 82.30 | 98.70 |
| Normalized Income | 20.84 | 6.90 | 64.80 | -11.79 |
| Basic EPS | 0.84 | 0.25 | 2.31 | -0.58 |
| Diluted EPS | 0.77 | 0.24 | 2.25 | -0.58 |
| Tax Effect Of Unusual Items | 0.04 | 0 | 0 | -1.39 |
| Tax Rate For Calcs | 0.09 | 0.21 | 0.21 | 0.21 |
| Total Unusual Items | 0.40 | 0 | 0 | -6.60 |
| Total Unusual Items Excluding Goodwill | 0.40 | 0 | 0 | -6.60 |
| Net Income From Continuing Operation Net Minority Interest | 21.20 | 6.90 | 64.80 | -17 |
| Reconciled Depreciation | 43.40 | 43.40 | 47.70 | 57.10 |
| Reconciled Cost Of Revenue | 91.40 | 124.80 | 87.90 | 81.80 |
| Net Interest Income | -24.10 | -27 | -28.90 | -36.40 |
| Net Income From Continuing And Discontinued Operation | 21.20 | 6.90 | 64.80 | -17 |
| Total Operating Income As Reported | 46.50 | 38.90 | 30.70 | 30.50 |
| Diluted Average Shares | 29.04 | 29.21 | 29.20 | 29.06 |
| Basic Average Shares | 26.45 | 28.07 | 28.52 | 29.06 |
| Diluted NI Availto Com Stockholders | 21.20 | 6.90 | 64.80 | -17 |
| Net Income Including Noncontrolling Interests | 21.20 | 6.90 | 64.80 | -17 |
| Net Income Continuous Operations | 21.20 | 6.90 | 64.80 | -17 |
| Other Income Expense | 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 | 0 | 0 |
| Restructuring And Mergern Acquisition | 0.50 | 0 | 0 | 0 |
| Earnings From Equity Interest | 0 | 0 | 0 | 0 |
| Gain On Sale Of Security | 0 | 0 | 0 | 0 |
| Net Non Operating Interest Income Expense | -24.10 | -27 | -28.90 | -36.40 |
| Total Other Finance Cost | -3.30 | -3.80 | -3.90 | -4.50 |
| Interest Expense Non Operating | 27.40 | 30.80 | 32.80 | 40.90 |
| 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 | 0 | 0 | 0 | 0 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Operating Revenue | 284.50 | 322.90 | 297.10 | 304.10 |
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 | $187M | - | -11.74 | 104.9% | 9.39 |
| The Lovesac Company | LOVE | $231M | 55.79 | 1.04 | 1.9% | 15.51 |
| 1-800-FLOWERS.COM, Inc. | FLWS | $224M | - | 0.77 | -74.5% | -13.32 |
| Black Rock Coffee Bar, Inc. | BRCB | $221M | - | 4.68 | -0.1% | 31.19 |
| RCI Hospitality Holdings, Inc. | RICK | $220M |
| 20.50 |
| 0.84 |
| 4.1% |
| 8.28 |
| Motorcar Parts of America, Inc. | MPAA | $211M | 121.89 | 0.82 | -7.6% | 7.40 |
| J.Jill, Inc. | JILL | $189M | 6.97 | 1.55 | 23.0% | 5.10 |
| OneWater Marine Inc. | ONEW | $168M | - | 0.60 | -40.2% | 13.23 |
| Torrid Holdings Inc. | CURV | $167M | - | -0.78 | 3.3% | 11.78 |
| Peer Median | - | 38.14 | 0.83 | 0.9% | 10.03 | |