NASDAQ : INSE
Inspired Entertainment, Inc. — Financial statements
Consumer Discretionary · Gambling · United States
Last price 3.57 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 94.10M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Inspired Entertainment, Inc. (INSE) reported revenue of 281.40M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 281.40M | 304.10M | 297.10M | 322.90M | 284.50M | 205.80M |
| Cost of Revenue | 66.80M | 86.50M | 92.30M | 128.60M | 94.90M | 69.60M |
| Gross Profit | 214.60M | 217.60M | 204.80M | 194.30M | 189.60M | 136.20M |
| Selling, General & Admin | 102.00M | 113.00M | 112.90M | 106.80M | 101.60M | 89.20M |
| Operating Expenses | 155.50M | 165.40M | 156.20M | 146.40M | 141.50M | 138.00M |
| Operating Income | 59.10M | 52.20M | 48.60M | 47.90M | 48.10M | -1.80M |
| Interest Expense | -43.20M | -37.30M | -29.40M | -27.40M | -25.20M | -44.30M |
| Currency Exchange Gain (Loss) | 4.60M | |||||
| Other Non Operating Income (Expenses) | 900.00K | |||||
| EBT Excluding Unusual Items | 15.90M | 14.90M | 19.20M | 20.50M | 22.90M | -40.60M |
| Merger & Restructuring Charges | -7.50M | -10.10M | -5.10M | -3.60M | -500.00K | -1.60M |
| Gain (Loss) on Sale of Assets | -6.60M | -6.60M | 900.00K | |||
| Other Unusual Items | -4.10M | -4.10M | -12.30M | -5.00M | ||
| Pretax Income | -2.30M | -5.90M | 1.80M | 11.90M | 23.30M | -42.20M |
| Income Tax Expense | 7.10M | 11.10M | -63.00M | 5.00M | 2.10M | -1.60M |
| Net Income | -9.40M | -17.00M | 64.80M | 6.90M | 21.20M | -40.60M |
| Net Income to Common | -9.40M | -17.00M | 64.80M | 6.90M | 21.20M | -40.60M |
| Shares Outstanding (Basic) | 29.10M | 29.06M | 28.52M | 28.07M | 28.05M | 24.40M |
| Shares Outstanding (Diluted) | 29.10M | 29.06M | 29.20M | 29.21M | 29.09M | 24.40M |
| EPS (Basic) | -0.32 | -0.58 | 2.27 | 0.25 | 0.76 | -1.66 |
| EPS (Diluted) | -0.32 | -0.58 | 2.22 | 0.24 | 0.73 | -1.66 |
| Free Cash Flow | 17.50M | 16.30M | 14.70M | 22.70M | 9.00M | -8.90M |
| Free Cash Flow Per Share | 0.60 | 0.56 | 0.50 | 0.78 | 0.31 | -0.36 |
| Gross Margin | 76.26% | 71.56% | 68.93% | 60.17% | 66.64% | 66.18% |
| Operating Margin | 21.00% | 17.16% | 16.36% | 14.83% | 16.91% | -0.88% |
| Profit Margin | -3.34% | -5.59% | 21.81% | 2.14% | 7.45% | -19.73% |
| Free Cash Flow Margin | 6.22% | 5.36% | 4.95% | 7.03% | 3.16% | -4.32% |
| EBITDA | 88.20M | 80.20M | 71.70M | 68.40M | 70.90M | 31.30M |
| EBITDA Margin | 31.34% | 26.37% | 24.13% | 21.18% | 24.92% | 15.21% |
| D&A For EBITDA | 29.10M | 28.00M | 23.10M | 20.50M | 22.80M | 33.10M |
| EBIT | 59.10M | 52.20M | 48.60M | 47.90M | 48.10M | -1.80M |
| EBIT Margin | 21.00% | 17.16% | 16.36% | 14.83% | 16.91% | -0.88% |
| Effective Tax Rate | 42.02% | 9.01% | ||||
| Revenue as Reported | 281.40M | 304.10M | 297.10M | 322.90M | 284.50M | 205.80M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 22.00M | 42.00M | 29.30M | 40.00M | 25.00M | 47.80M |
| Cash & Short-Term Investments | 22.00M | 42.00M | 29.30M | 40.00M | 25.00M | 47.80M |
| Accounts Receivable | 67.30M | 74.10M | 91.40M | 67.80M | 58.40M | 49.00M |
| Other Receivables | 6.80M | 5.50M | 1.20M | 300.00K | ||
| Receivables | 74.10M | 79.60M | 92.60M | 67.80M | 58.40M | 49.30M |
| Inventory | 17.70M | 18.50M | 28.00M | 32.30M | 30.30M | 15.50M |
| Prepaid Expenses | 9.10M | 16.60M | 10.00M | 15.60M | 13.20M | 11.50M |
| Restricted Cash | 1.20M | 1.30M | ||||
| Total Current Assets | 125.00M | 158.00M | 159.90M | 155.70M | 126.90M | 124.10M |
| Property, Plant & Equipment | 82.10M | 90.00M | 91.30M | 74.90M | 61.10M | 70.80M |
| Goodwill | 61.20M | 62.10M | 57.80M | 58.80M | 55.50M | 62.20M |
| Other Intangible Assets | 33.80M | 36.70M | 38.50M | 33.70M | 32.90M | 37.00M |
| Long-Term Accounts Receivable | 7.50M | 5.10M | 7.30M | 3.60M | 3.80M | |
| Long-Term Deferred Tax Assets | 64.50M | 65.30M | 67.40M | |||
| Long-Term Deferred Charges | 11.50M | 12.10M | 11.00M | 9.40M | 7.00M | 7.70M |
| Other Long-Term Assets | 14.80M | 8.20M | 7.40M | 3.20M | 200.00K | 3.10M |
| Total Assets | 392.90M | 439.90M | 438.40M | 343.00M | 287.20M | 308.70M |
| Accounts Payable | 18.20M | 20.00M | 29.30M | 48.30M | 23.70M | 20.80M |
| Accrued Expenses | 3.10M | 9.60M | 5.70M | 5.50M | 29.00M | 29.40M |
| Current Portion of Long-Term Debt | 18.80M | 19.10M | ||||
| Current Portion of Leases | 6.70M | 7.20M | 9.50M | 5.40M | 4.90M | 5.30M |
| Current Income Taxes Payable | 4.40M | 9.10M | 12.30M | 6.30M | 10.10M | 12.30M |
| Current Unearned Revenue | 8.00M | 7.10M | 5.80M | 5.60M | 4.60M | 6.70M |
| Other Current Liabilities | 14.70M | 17.80M | 22.60M | 10.50M | 2.60M | 7.40M |
| Total Current Liabilities | 55.10M | 70.80M | 104.00M | 100.70M | 74.90M | 81.90M |
| Long-Term Debt | 319.40M | 345.20M | 292.20M | 295.60M | 277.60M | 309.00M |
| Long-Term Leases | 17.10M | 20.30M | 30.30M | 11.40M | 13.50M | 17.90M |
| Long-Term Unearned Revenue | 15.70M | 19.10M | 12.80M | 7.10M | 2.80M | 5.50M |
| Pension & Post-Retirement Benefits | 2.00M | 2.10M | ||||
| Other Long-Term Liabilities | 1.20M | 700.00K | 2.40M | 2.10M | 1.90M | 3.10M |
| Total Liabilities | 408.50M | 456.10M | 441.70M | 418.90M | 372.80M | 417.40M |
| Additional Paid-In Capital | 397.80M | 394.90M | 389.90M | 386.10M | 378.20M | 372.30M |
| Retained Earnings | -464.40M | -458.90M | -441.50M | -506.30M | -514.60M | -524.80M |
| Comprehensive Income & Other | 51.00M | 47.80M | 48.30M | 44.30M | 50.80M | 43.80M |
| Shareholders' Equity | -15.60M | -16.20M | -3.30M | -75.90M | -85.60M | -108.70M |
| Total Liabilities & Equity | 392.90M | 439.90M | 438.40M | 343.00M | 287.20M | 308.70M |
| Total Debt | 343.20M | 372.70M | 350.80M | 331.50M | 296.00M | 332.20M |
| Net Cash (Debt) | -321.20M | -330.70M | -321.50M | -291.50M | -271.00M | -284.40M |
| Net Cash Per Share | -11.04 | -11.38 | -11.01 | -9.98 | -9.31 | -11.65 |
| Filing Date Shares Outstanding | 26.36M | 27.06M | 26.90M | 26.56M | 26.22M | 26.88M |
| Total Common Shares Outstanding | 26.36M | 26.87M | 26.58M | 26.22M | 25.91M | 26.43M |
| Working Capital | 69.90M | 87.20M | 55.90M | 55.00M | 52.00M | 42.20M |
| Book Value Per Share | -0.59 | -0.60 | -0.12 | -2.89 | -3.30 | -4.11 |
| Tangible Book Value | -110.60M | -115.00M | -99.60M | -168.40M | -174.00M | -207.90M |
| Tangible Book Value Per Share | -4.20 | -4.28 | -3.75 | -6.42 | -6.72 | -7.87 |
| Machinery | 194.30M | 205.40M | 214.00M | 182.90M | 193.50M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -9.40M | -17.00M | 64.80M | 6.90M | 21.20M | -40.60M |
| Depreciation & Amortization | 33.30M | 32.70M | 27.50M | 24.30M | 26.30M | 37.60M |
| Other Amortization | 28.10M | 27.40M | 21.30M | 20.80M | 18.50M | 15.70M |
| Loss (Gain) From Sale of Assets | 6.60M | 6.60M | -900.00K | |||
| Asset Writedown & Restructuring Costs | 300.00K | 400.00K | ||||
| Stock-Based Compensation | 6.50M | 6.70M | 7.60M | 11.20M | 10.80M | 13.00M |
| Other Operating Activities | 3.00M | 2.90M | -69.40M | 300.00K | 700.00K | 13.10M |
| Change in Accounts Receivable | 8.30M | 24.20M | -22.80M | 1.10M | -13.50M | -4.70M |
| Change in Inventory | 2.40M | 7.30M | 3.80M | -300.00K | -16.70M | 3.20M |
| Change in Accounts Payable | -31.40M | -10.70M | -10.60M | 4.50M | 5.80M | 3.80M |
| Change in Unearned Revenue | 2.40M | 6.70M | 7.20M | 4.70M | -4.40M | -5.90M |
| Change in Income Taxes | -7.80M | -8.90M | 1.10M | -6.40M | -6.10M | -16.00M |
| Change in Other Net Operating Assets | -1.20M | -25.90M | 1.20M | -12.70M | -12.50M | -16.80M |
| Operating Cash Flow | 40.80M | 52.00M | 31.70M | 54.70M | 29.60M | 2.40M |
| Capital Expenditures | -23.30M | -35.70M | -17.00M | -32.00M | -20.60M | -11.30M |
| Cash Acquisitions | -600.00K | -600.00K | -12.40M | |||
| Divestitures | 18.10M | 18.10M | 1.30M | |||
| Sale (Purchase) of Intangibles | -11.50M | -9.90M | -11.80M | -14.70M | -10.40M | -8.70M |
| Other Investing Activities | -11.30M | -13.00M | -11.30M | -10.30M | -7.20M | |
| Investing Cash Flow | -28.00M | -40.50M | -40.10M | -57.60M | -37.50M | -32.40M |
| Long-Term Debt Issued | 365.70M | 18.90M | 333.10M | |||
| Total Debt Issued | 365.70M | 18.90M | 333.10M | |||
| Long-Term Debt Repaid | -346.50M | -1.60M | -1.10M | -600.00K | -321.20M | |
| Total Debt Repaid | -29.10M | -346.50M | -1.60M | -1.10M | -600.00K | -321.20M |
| Net Debt Issued (Repaid) | -29.10M | 19.20M | -1.60M | 17.80M | -600.00K | 11.90M |
| Issuance of Common Stock | 30.50M | |||||
| Repurchase of Common Stock | -5.60M | -400.00K | -1.60M | -10.40M | ||
| Other Financing Activities | 100.00K | -18.80M | -11.20M | |||
| Financing Cash Flow | -34.60M | -1.60M | 16.20M | -11.00M | 31.20M | |
| Foreign Exchange Rate Adjustments | -1.30M | 2.50M | -700.00K | 1.70M | -3.90M | -500.00K |
| Net Cash Flow | -23.10M | 14.00M | -10.70M | 15.00M | -22.80M | 700.00K |
| Free Cash Flow | 17.50M | 16.30M | 14.70M | 22.70M | 9.00M | -8.90M |
| Free Cash Flow Margin | 6.22% | 5.36% | 4.95% | 7.03% | 3.16% | -4.32% |
| Free Cash Flow Per Share | 0.60 | 0.56 | 0.50 | 0.78 | 0.31 | -0.36 |
| Levered Free Cash Flow | 19.84M | 33.01M | 24.20M | 14.81M | 6.71M | -10.11M |
| Unlevered Free Cash Flow | 43.14M | 53.33M | 41.48M | 29.94M | 20.66M | 17.57M |
| Cash Interest Paid | 37.10M | 36.60M | 26.60M | 24.00M | 23.00M | 30.80M |
| Cash Income Tax Paid | 7.30M | 11.40M | 5.00M | 1.20M | ||
| Change in Working Capital | -27.30M | -7.30M | -20.10M | -9.10M | -47.40M | -36.40M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 101.48M | 252.04M | 240.53M | 260.21M | 327.74M | 323.62M |
| Enterprise Value | 422.68M | 591.54M | 580.43M | 523.11M | 558.24M | 607.62M |
| Last Close Price | 3.57 | 9.36 | 9.05 | 9.88 | 12.67 | 12.96 |
| PE Ratio | 3.71 | 37.71 | 15.46 | |||
| Forward PE | 6.02 | 7.77 | 11.85 | 12.23 | 12.44 | 47.96 |
| PS Ratio | 0.36 | 0.83 | 0.81 | 0.81 | 1.15 | 1.57 |
| PB Ratio | -15.56 | -72.89 | -3.43 | -3.83 | -2.98 | |
| P/FCF Ratio | 5.77 | 15.46 | 16.36 | 11.46 | 36.41 | |
| P/OCF Ratio | 2.47 | 4.85 | 7.59 | 4.76 | 11.07 | 134.84 |
| EV/Sales Ratio | 1.50 | 1.95 | 1.95 | 1.62 | 1.96 | 2.95 |
| EV/EBITDA Ratio | 4.79 | 7.38 | 8.10 | 7.65 | 7.87 | 19.41 |
| EV/EBIT Ratio | 7.14 | 11.33 | 11.94 | 10.92 | 11.61 | |
| EV/FCF Ratio | 24.12 | 36.29 | 39.48 | 23.04 | 62.03 | |
| Debt / Equity Ratio | -22.00 | -23.01 | -106.30 | -4.37 | -3.46 | -3.06 |
| Debt / EBITDA Ratio | 3.53 | 4.15 | 4.26 | 4.23 | 3.68 | 8.30 |
| Debt / FCF Ratio | 19.61 | 22.86 | 23.86 | 14.60 | 32.89 | |
| Net Debt / Equity Ratio | -20.59 | -20.41 | -97.42 | -3.84 | -3.17 | -2.62 |
| Net Debt / EBITDA Ratio | 3.64 | 4.12 | 4.48 | 4.26 | 3.82 | 9.09 |
| Net Debt / FCF Ratio | 18.35 | 20.29 | 21.87 | 12.84 | 30.11 | -31.95 |
| Asset Turnover | 0.64 | 0.69 | 0.76 | 1.02 | 0.95 | 0.65 |
| Inventory Turnover | 3.14 | 3.72 | 3.06 | 4.11 | 4.14 | 4.21 |
| Quick Ratio | 1.74 | 1.72 | 1.17 | 1.07 | 1.11 | 1.19 |
| Current Ratio | 2.27 | 2.23 | 1.54 | 1.55 | 1.69 | 1.51 |
| Return on Assets (ROA) | 8.40% | 7.43% | 7.77% | 9.50% | 10.09% | -0.36% |
| Return on Invested Capital (ROIC) | 17.16% | 14.84% | 16.86% | 12.22% | 19.93% | -0.79% |
| Return on Capital Employed (ROCE) | 17.50% | 14.10% | 14.50% | 19.80% | 22.70% | -0.80% |
| Earnings Yield | -8.39% | -6.74% | 26.94% | 2.65% | 6.47% | -12.55% |
| FCF Yield | 17.33% | 6.47% | 6.11% | 8.72% | 2.75% | -2.75% |
| Buyback Yield / Dilution | 1.18% | 0.48% | 0.05% | -0.42% | -19.22% | -2.89% |