NYSE : BRSL
Brightstar Lottery PLC — Financial statements
Consumer Discretionary · Gambling · United Kingdom
Last price 9.65 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 1.77B
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Financial statements
Brightstar Lottery PLC (BRSL) reported revenue of 2.47B 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 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 2.47B | 2.51B | 2.51B | 2.53B | 2.60B | 4.09B |
| Revenue | 2.47B | 2.51B | 2.51B | 2.53B | 2.60B | 4.09B |
| Cost of Revenue | 1.27B | 1.24B | 1.18B | 1.16B | 1.40B | 2.13B |
| Gross Profit | 1.20B | 1.27B | 1.33B | 1.37B | 1.20B | 1.96B |
| Selling, General & Admin | 315.00M | 338.00M | 357.00M | 355.00M | 400.00M | 810.00M |
| Research & Development | 54.00M | 47.00M | 43.00M | 36.00M | 45.00M | 238.00M |
| Other Operating Expenses | 3.00M | 1.00M | ||||
| Operating Expenses | 593.00M | 606.00M | 604.00M | 606.00M | 448.00M | 1.05B |
| Operating Income | 604.00M | 661.00M | 729.00M | 766.00M | 749.00M | 909.00M |
| Interest Expense | -202.00M | -203.00M | -215.00M | -217.00M | -224.00M | -360.00M |
| Interest & Investment Income | 32.00M | 31.00M | 9.00M | 10.00M | 8.00M | 13.00M |
| Currency Exchange Gain (Loss) | 23.00M | -124.00M | 52.00M | -44.00M | -17.00M | 66.00M |
| Other Non Operating Income (Expenses) | -18.00M | -21.00M | -17.60M | -15.00M | -2.00M | -7.00M |
| EBT Excluding Unusual Items | 439.00M | 344.00M | 557.40M | 500.00M | 514.00M | 621.00M |
| Merger & Restructuring Charges | -13.00M | -28.00M | -39.00M | -13.00M | -7.00M | -6.00M |
| Gain (Loss) on Sale of Investments | 2.00M | |||||
| Gain (Loss) on Sale of Assets | 278.00M | |||||
| Other Unusual Items | -16.00M | -16.00M | -400.00K | -13.00M | -86.00M | |
| Pretax Income | 410.00M | 300.00M | 520.00M | 487.00M | 772.00M | 529.00M |
| Income Tax Expense | 104.00M | 165.00M | 250.00M | 223.00M | 212.00M | 274.00M |
| Earnings From Continuing Operations | 306.00M | 135.00M | 270.00M | 264.00M | 560.00M | 255.00M |
| Earnings From Discontinued Operations | 60.00M | 148.00M | 232.00M | 41.00M | -146.00M | 417.00M |
| Net Income to Company | 366.00M | 283.00M | 502.00M | 305.00M | 414.00M | 672.00M |
| Minority Interest in Earnings | -118.00M | -136.00M | -154.00M | -149.00M | -139.00M | -190.00M |
| Net Income | 248.00M | 147.00M | 348.00M | 156.00M | 275.00M | 482.00M |
| Net Income to Common | 248.00M | 147.00M | 348.00M | 156.00M | 275.00M | 482.00M |
| Shares Outstanding (Basic) | 188.00M | 197.00M | 202.00M | 200.00M | 202.00M | 205.00M |
| Shares Outstanding (Diluted) | 189.00M | 197.00M | 204.00M | 203.00M | 203.00M | 207.00M |
| EPS (Basic) | 1.32 | 0.75 | 1.72 | 0.78 | 1.36 | 2.35 |
| EPS (Diluted) | 1.31 | 0.74 | 1.71 | 0.77 | 1.35 | 2.32 |
| Free Cash Flow | -2.22B | -415.00M | 901.00M | 865.00M | 737.00M | 740.00M |
| Free Cash Flow Per Share | -11.75 | -2.11 | 4.42 | 4.26 | 3.63 | 3.58 |
| Dividend Per Share | 0.88 | 0.82 | 0.80 | 0.80 | 0.80 | 0.20 |
| Gross Margin | 48.50% | 50.46% | 53.06% | 54.25% | 46.09% | 47.88% |
| Operating Margin | 24.47% | 26.32% | 29.02% | 30.29% | 28.84% | 22.23% |
| Profit Margin | 10.05% | 5.85% | 13.85% | 6.17% | 10.59% | 11.79% |
| Free Cash Flow Margin | -89.99% | -16.53% | 35.87% | 34.20% | 28.38% | 18.10% |
| EBITDA | 828.00M | 882.00M | 933.00M | 982.00M | 975.00M | 1.41B |
| EBITDA Margin | 33.55% | 35.12% | 37.14% | 38.83% | 37.54% | 34.53% |
| D&A For EBITDA | 224.00M | 221.00M | 204.00M | 216.00M | 226.00M | 503.00M |
| EBIT | 604.00M | 661.00M | 729.00M | 766.00M | 749.00M | 909.00M |
| EBIT Margin | 24.47% | 26.32% | 29.02% | 30.29% | 28.84% | 22.23% |
| Effective Tax Rate | 25.37% | 55.00% | 48.08% | 45.79% | 27.46% | 51.80% |
| Revenue as Reported | 2.47B | 2.51B | 2.51B | 2.53B | 2.60B | 4.09B |
| Advertising Expenses | 14.00M | 16.00M | 14.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 558.00M | 1.45B | 584.00M | 572.00M | 590.00M | 591.00M |
| Cash & Short-Term Investments | 558.00M | 1.45B | 584.00M | 572.00M | 590.00M | 591.00M |
| Accounts Receivable | 483.00M | 538.00M | 477.00M | 887.00M | 880.00M | 1.12B |
| Other Receivables | 71.00M | 90.00M | 12.00M | 77.00M | 151.00M | 267.00M |
| Receivables | 554.00M | 628.00M | 489.00M | 964.00M | 1.03B | 1.39B |
| Inventory | 132.00M | 116.00M | 113.00M | 317.00M | 254.00M | 183.00M |
| Prepaid Expenses | 48.00M | 46.00M | 44.00M | 46.00M | 44.00M | 54.00M |
| Restricted Cash | 21.00M | 54.00M | 120.00M | 58.00M | 66.00M | 218.00M |
| Other Current Assets | 50.00M | 46.00M | 4.82B | 61.00M | 63.00M | 52.00M |
| Total Current Assets | 1.36B | 2.34B | 6.17B | 2.02B | 2.05B | 2.49B |
| Property, Plant & Equipment | 1.02B | 880.00M | 784.00M | 1.24B | 1.25B | 1.37B |
| Goodwill | 2.69B | 2.71B | 2.65B | 4.59B | 4.56B | 4.66B |
| Other Intangible Assets | 2.77B | 3.05B | 565.00M | 2.28B | 2.28B | 2.55B |
| Long-Term Accounts Receivable | 48.00M | 45.00M | 42.00M | 162.00M | 153.00M | 161.00M |
| Long-Term Deferred Tax Assets | 37.00M | 40.00M | 37.00M | 50.00M | 38.00M | 39.00M |
| Long-Term Deferred Charges | 17.00M | |||||
| Other Long-Term Assets | 35.00M | 102.00M | 35.00M | 74.00M | 81.00M | 47.00M |
| Total Assets | 8.04B | 9.16B | 10.28B | 10.42B | 10.41B | 11.32B |
| Accounts Payable | 687.00M | 766.00M | 718.00M | 687.00M | 647.00M | 1.03B |
| Accrued Expenses | 194.00M | 282.00M | 450.00M | 458.00M | 498.00M | |
| Short-Term Debt | 16.00M | 52.00M | ||||
| Current Portion of Long-Term Debt | 118.00M | 208.00M | 61.00M | |||
| Current Portion of Leases | 34.00M | 31.00M | 47.00M | 47.00M | 39.00M | |
| Current Income Taxes Payable | 14.00M | 42.00M | 127.00M | 83.00M | 104.00M | |
| Current Unearned Revenue | 39.00M | 36.00M | 69.00M | 91.00M | 104.00M | |
| Other Current Liabilities | 550.00M | 1.91B | 1.37B | 337.00M | 529.00M | 82.00M |
| Total Current Liabilities | 1.24B | 3.07B | 2.69B | 1.73B | 1.92B | 1.91B |
| Long-Term Debt | 4.35B | 4.06B | 5.15B | 5.67B | 5.69B | 6.48B |
| Long-Term Leases | 71.00M | 87.00M | 97.00M | 230.00M | 263.00M | 296.00M |
| Long-Term Unearned Revenue | 23.00M | 25.00M | 43.00M | 49.00M | 47.00M | |
| Long-Term Deferred Tax Liabilities | 192.00M | 208.00M | 170.00M | 331.00M | 293.00M | 368.00M |
| Other Long-Term Liabilities | 162.00M | 118.00M | 85.00M | 631.00M | 420.00M | 249.00M |
| Total Liabilities | 6.02B | 7.57B | 8.22B | 8.63B | 8.63B | 9.35B |
| Common Stock | 21.00M | 21.00M | 21.00M | 21.00M | 21.00M | 21.00M |
| Additional Paid-In Capital | 1.08B | 1.15B | 1.93B | 2.96B | 2.93B | 2.33B |
| Retained Earnings | -443.00M | -513.00M | -660.00M | -2.05B | -2.06B | -1.44B |
| Treasury Stock | -458.00M | -413.00M | -156.00M | -41.00M | ||
| Comprehensive Income & Other | 648.00M | 627.00M | 516.00M | 489.00M | 502.00M | 412.00M |
| Total Common Equity | 846.00M | 875.00M | 1.65B | 1.42B | 1.39B | 1.28B |
| Minority Interest | 1.17B | 715.00M | 409.00M | 374.00M | 385.00M | 689.00M |
| Shareholders' Equity | 2.02B | 1.59B | 2.06B | 1.79B | 1.77B | 1.97B |
| Total Liabilities & Equity | 8.04B | 9.16B | 10.28B | 10.42B | 10.41B | 11.32B |
| Total Debt | 4.42B | 4.30B | 5.49B | 5.96B | 6.07B | 6.86B |
| Net Cash (Debt) | -3.87B | -2.85B | -4.91B | -5.39B | -5.47B | -6.27B |
| Net Cash Per Share | -20.46 | -14.48 | -24.04 | -26.53 | -26.97 | -30.30 |
| Filing Date Shares Outstanding | 184.00M | 184.53M | 202.03M | 200.48M | 199.68M | 203.81M |
| Total Common Shares Outstanding | 184.00M | 186.85M | 201.86M | 200.48M | 199.08M | 203.69M |
| Working Capital | 126.00M | -736.00M | 3.48B | 285.00M | 132.00M | 573.00M |
| Book Value Per Share | 4.60 | 4.68 | 8.18 | 7.06 | 6.98 | 6.29 |
| Tangible Book Value | -4.61B | -4.88B | -1.56B | -5.46B | -5.45B | -5.92B |
| Tangible Book Value Per Share | -25.06 | -26.12 | -7.74 | -27.24 | -27.39 | -29.07 |
| Land | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M | |
| Buildings | 14.00M | 13.00M | 67.00M | 60.00M | 58.00M | |
| Machinery | 2.67B | 2.49B | 3.28B | 3.16B | 2.87B | |
| Construction In Progress | 123.00M | 85.00M | 114.00M | 118.00M | 85.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 248.00M | 147.00M | 348.00M | 156.00M | 275.00M | 482.00M |
| Depreciation & Amortization | 224.00M | 221.00M | 204.00M | 216.00M | 226.00M | 503.00M |
| Other Amortization | 323.00M | 223.00M | 198.00M | 199.00M | 193.00M | 239.00M |
| Loss (Gain) From Sale of Assets | -278.00M | |||||
| Stock-Based Compensation | 17.00M | 15.00M | 38.00M | 34.00M | 34.00M | 35.00M |
| Other Operating Activities | 28.00M | 104.00M | -150.00M | 130.00M | 277.00M | -147.00M |
| Change in Accounts Receivable | -44.00M | -14.00M | -85.00M | -55.00M | 114.00M | -95.00M |
| Change in Inventory | -9.00M | 1.00M | -5.00M | -21.00M | -17.00M | -13.00M |
| Change in Accounts Payable | 93.00M | 89.00M | 106.00M | 54.00M | -60.00M | -36.00M |
| Change in Income Taxes | -69.00M | -11.00M | 45.00M | 111.00M | -29.00M | 47.00M |
| Change in Other Net Operating Assets | -2.65B | -968.00M | 10.00M | 63.00M | -1.00M | -6.00M |
| Operating Cash Flow | -1.85B | -99.00M | 1.05B | 1.01B | 899.00M | 978.00M |
| Capital Expenditures | -374.00M | -316.00M | -149.00M | -147.00M | -162.00M | -238.00M |
| Sale of Property, Plant & Equipment | 21.00M | |||||
| Divestitures | 476.00M | |||||
| Investment in Securities | -53.00M | -53.00M | ||||
| Other Investing Activities | 3.98B | 3.87B | -208.00M | -246.00M | -146.00M | 853.00M |
| Investing Cash Flow | 3.55B | 3.50B | -357.00M | -393.00M | 168.00M | 636.00M |
| Short-Term Debt Issued | 51.00M | |||||
| Long-Term Debt Issued | 1.86B | 580.00M | 610.00M | 147.00M | 1.36B | |
| Total Debt Issued | 1.37B | 1.86B | 580.00M | 610.00M | 147.00M | 1.41B |
| Short-Term Debt Repaid | -51.00M | |||||
| Long-Term Debt Repaid | -3.46B | -675.00M | -801.00M | -597.00M | -2.98B | |
| Total Debt Repaid | -3.49B | -3.46B | -675.00M | -801.00M | -648.00M | -2.98B |
| Net Debt Issued (Repaid) | -2.11B | -1.60B | -95.00M | -191.00M | -501.00M | -1.57B |
| Repurchase of Common Stock | -316.00M | -271.00M | -115.00M | -41.00M | ||
| Common Dividends Paid | -774.00M | -770.00M | -161.00M | -160.00M | -161.00M | -41.00M |
| Other Financing Activities | 562.00M | -75.00M | -350.00M | -259.00M | -288.00M | -242.00M |
| Financing Cash Flow | -2.64B | -2.72B | -606.00M | -610.00M | -1.06B | -1.90B |
| Foreign Exchange Rate Adjustments | -29.00M | 39.00M | -51.00M | -11.00M | -70.00M | -37.00M |
| Net Cash Flow | -965.00M | 726.00M | 36.00M | -2.00M | -68.00M | -321.00M |
| Free Cash Flow | -2.22B | -415.00M | 901.00M | 865.00M | 737.00M | 740.00M |
| Free Cash Flow Margin | -89.99% | -16.53% | 35.87% | 34.20% | 28.38% | 18.10% |
| Free Cash Flow Per Share | -11.75 | -2.11 | 4.42 | 4.26 | 3.63 | 3.58 |
| Levered Free Cash Flow | 4.39B | 5.59B | -2.74B | 519.12M | 1.04B | 1.18B |
| Unlevered Free Cash Flow | 4.52B | 5.72B | -2.61B | 654.75M | 1.18B | 1.40B |
| Cash Interest Paid | 192.00M | 213.00M | 221.00M | 208.00M | 228.00M | 369.00M |
| Cash Income Tax Paid | 204.00M | 220.00M | 241.00M | 149.00M | 283.00M | 188.00M |
| Change in Working Capital | -2.68B | -903.00M | 71.00M | 152.00M | 7.00M | -103.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.84B | 2.91B | 3.56B | 5.50B | 4.52B | 5.89B |
| Enterprise Value | 5.71B | 6.10B | 9.26B | 11.46B | 10.37B | 12.99B |
| Last Close Price | 9.65 | 14.60 | 13.20 | 19.70 | 15.81 | 19.45 |
| PE Ratio | 7.68 | 19.80 | 10.24 | 35.23 | 16.44 | 12.22 |
| Forward PE | 22.57 | 14.83 | 13.51 | 11.89 | 13.09 | 19.68 |
| PS Ratio | 0.72 | 1.16 | 1.42 | 2.17 | 1.74 | 1.44 |
| PB Ratio | 2.10 | 1.83 | 1.73 | 3.07 | 2.55 | 2.99 |
| P/FCF Ratio | 3.96 | 6.35 | 6.13 | 7.96 | ||
| P/OCF Ratio | 3.40 | 5.43 | 5.03 | 6.02 | ||
| PEG Ratio | 0.69 | 2.37 | 2.38 | 0.40 | 30.59 | |
| EV/Sales Ratio | 2.28 | 2.43 | 3.69 | 4.53 | 3.99 | 3.18 |
| EV/EBITDA Ratio | 6.81 | 6.92 | 9.92 | 11.67 | 10.63 | 9.20 |
| EV/EBIT Ratio | 9.33 | 9.23 | 12.70 | 14.96 | 13.84 | 14.29 |
| EV/FCF Ratio | 10.28 | 13.25 | 14.07 | 17.55 | ||
| Debt / Equity Ratio | 2.19 | 2.70 | 2.66 | 3.33 | 3.42 | 3.48 |
| Debt / EBITDA Ratio | 4.90 | 4.50 | 5.49 | 6.07 | 6.22 | 4.56 |
| Debt / FCF Ratio | 6.09 | 6.89 | 8.23 | 9.28 | ||
| Net Debt / Equity Ratio | 1.92 | 1.79 | 2.38 | 3.01 | 3.09 | 3.18 |
| Net Debt / EBITDA Ratio | 4.67 | 3.23 | 5.26 | 5.49 | 5.62 | 4.44 |
| Net Debt / FCF Ratio | -1.74 | -6.88 | 5.44 | 6.23 | 7.43 | 8.48 |
| Asset Turnover | 0.26 | 0.26 | 0.24 | 0.24 | 0.24 | 0.34 |
| Inventory Turnover | 10.21 | 10.87 | 5.48 | 4.05 | 6.41 | 12.11 |
| Quick Ratio | 0.90 | 0.68 | 0.40 | 0.89 | 0.85 | 1.03 |
| Current Ratio | 1.10 | 0.76 | 2.29 | 1.16 | 1.07 | 1.30 |
| Return on Equity (ROE) | 15.18% | 7.40% | 14.03% | 14.82% | 29.91% | 14.44% |
| Return on Assets (ROA) | 3.92% | 4.25% | 4.40% | 4.60% | 4.31% | 4.67% |
| Return on Invested Capital (ROIC) | 8.33% | 5.21% | 5.35% | 5.76% | 7.01% | 5.01% |
| Return on Capital Employed (ROCE) | 8.90% | 10.90% | 9.60% | 8.80% | 8.80% | 9.70% |
| Earnings Yield | 13.03% | 5.05% | 9.76% | 2.84% | 6.08% | 8.19% |
| FCF Yield | -125.52% | -14.26% | 25.27% | 15.74% | 16.30% | 12.57% |
| Dividend Yield | 9.16% | 5.27% | 4.53% | 2.92% | 3.52% | 0.69% |
| Payout Ratio | 70.40% | 523.81% | 46.26% | 102.56% | 58.55% | 8.51% |
| Buyback Yield / Dilution | 7.35% | 3.43% | -0.49% | 0.99% | 1.93% | -1.11% |
| Total Shareholder Return | 16.89% | 8.70% | 4.04% | 3.91% | 5.46% | -0.42% |