Inspired Entertainment, Inc.
INSE Nasdaq Services-Prepackaged Software Financials FY2016โFY2025
Last close ยท Oct 23, 2026
$3.17
2.8%What Inspired Entertainment, Inc. does
No business description yet.
- Legal name
- Inspired Entertainment, Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K ยท Mar 10, 2026
- Accession ยท CIK
- 0001493152-26-009479
0001615063
Revenue and margins
Inspired Entertainment, Inc. had $304M of revenue in fiscal 2025, up 2.4% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was $16.3M in fiscal 2025, 5.4% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Inspired Entertainment, Inc. returned $0.4M to shareholders in fiscal 2025, 2% of free cash flow. The diluted share count fell 0.5%.
Balance sheet
Cash, debt and the ratios that show how comfortably Inspired Entertainment, Inc. can carry it.
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $47.8M | $25.0M | $40.0M | $29.3M | $43.3M |
| Debt incl. finance leases | $320M | $285M | $321M | $336M | $381M |
| Net debt / EBITDA | 12.7x | 3.8x | 3.6x | 4.1x | 4.1x |
| Interest coverage | โ0.1x | 1.8x | 1.4x | 1.0x | 0.8x |
| Current ratio | 1.5x | 1.7x | 1.5x | 1.5x | 2.2x |
| Quick ratio | 1.3x | 1.3x | 1.2x | 1.3x | 2.0x |
| Total assets | $309M | $290M | $343M | $438M | $440M |
| Total liabilities | $417M | $373M | $419M | $442M | $456M |
| Shareholders' equity | โ$107M | โ$82.8M | โ$75.9M | โ$3.3M | โ$16.2M |
| Net debt (โ = net cash) | $272M | $260M | $281M | $307M | $338M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โPlanโ marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
โ
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8โ9 is strong, 0โ2 weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| F-score | โ / 3 | 5 / 9 | 6 / 9 | โ / 4 | โ / 6 | 5 / 9 | 7 / 9 | 4 / 9 | 5 / 8 | 5 / 8 |
| Accruals ratio | โ41.4% | โ32.9% | โ9.8% | โ | โ32.1% | โ13.6% | โ2.8% | โ15.1% | 8.5% | โ15.7% |
| Altman Z'' | โ6.83 | โ6.17 | โ6.57 | โ | โ5.01 | โ5.01 | โ3.71 | โ3.19 | โ1.98 | โ1.67 |
10 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $47.7M | $45.1M | $141M | โ | $200M | $206M | $285M | $323M | $297M | $304M |
| Gross profit | $43.9M | $34.2M | $119M | โ | $154M | $154M | $190M | $194M | โ | โ |
| Research and development | $3.4M | $5.2M | $4.8M | โ | $15.1M | $13.8M | $18.3M | $20.3M | $22.7M | $19.4M |
| Operating income | โ$1.3M | โ$11.9M | โ$7.3M | โ | โ$18.0M | โ$4.5M | $46.5M | $38.9M | $30.7M | $30.5M |
| Interest expense | $58.3M | $29.4M | $20.6M | โ | $30.0M | $44.3M | $25.3M | $27.7M | $29.4M | $37.3M |
| Pretax income | โ$59.6M | โ$48.9M | $13.5M | โ | โ$56.4M | โ$42.2M | $23.3M | $11.9M | $1.8M | โ$5.9M |
| Income tax | $0.3M | $0.2M | โ$0.2M | โ | $0.4M | โ$1.6M | $2.1M | $5.0M | โ$63.0M | $11.1M |
| Net income | โ$59.9M | โ$49.1M | $13.3M | โ$20.6M | โ$56.8M | โ$40.6M | $21.2M | $6.9M | $64.8M | โ$17.0M |
| Net income to common | โ | โ | โ | โ | โ | โ | $21.2M | $6.9M | $64.8M | โ |
| Diluted EPS | โ$5.11 | โ$2.68 | $0.59 | โ | โ$2.39 | โ$1.66 | $0.73 | $0.24 | $2.22 | โ$0.58 |
| Diluted shares | 0.01B | 0.02B | 0.02B | โ | 0.02B | 0.02B | 0.03B | 0.03B | 0.03B | 0.03B |
| Cash flow | ||||||||||
| Cash from operations | $18.6M | $18.3M | $34.2M | โ | $47.8M | $2.4M | $29.6M | $54.7M | $31.7M | $52.0M |
| Capital expenditure | $9.5M | $15.1M | $24.8M | โ | $15.3M | $11.3M | $20.6M | $32.0M | $17.0M | $35.7M |
| Free cash flow | $9.2M | $3.1M | $9.4M | โ | $32.5M | โ$8.9M | $9.0M | $22.7M | $14.7M | $16.3M |
| Depreciation and amortization | $22.4M | $18.4M | $20.3M | โ | $29.9M | $25.9M | $21.5M | $39.6M | $43.3M | $52.4M |
| Stock-based compensation | โ | $4.2M | $7.4M | โ | $4.8M | $13.0M | $10.8M | $11.2M | $7.6M | $6.7M |
| Share buybacks | โ | โ | โ | โ | โ | โ | $10.4M | $1.6M | โ | $0.4M |
| Dividends and buybacks | โ | โ | โ | โ | โ | โ | $10.4M | $1.6M | โ | $0.4M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $1.5M | $20.0M | $22.5M | $29.1M | $47.1M | $47.8M | $25.0M | $40.0M | $29.3M | $43.3M |
| Total debt | $412M | $123M | $132M | $271M | $313M | $317M | $283M | $319M | $313M | $363M |
| Finance lease liabilities | โ | โ | $0.6M | $0.1M | $0.8M | $2.8M | $2.2M | $2.4M | $23.0M | $18.1M |
| Deposits | โ | โ | $3.7M | $1.9M | $1.6M | โ | โ | โ | โ | โ |
| Current assets | $44.7M | $63.2M | $58.6M | $95.3M | $109M | $124M | $129M | $156M | $160M | $158M |
| Current liabilities | $58.8M | $61.2M | $64.3M | $88.1M | $94.9M | $81.9M | $74.9M | $101M | $104M | $70.8M |
| Inventory | $7.7M | $5.0M | $5.2M | $18.8M | $17.6M | $15.5M | $30.3M | $32.3M | $28.0M | $18.5M |
| Property and equipment, net | $49.2M | $43.5M | $45.7M | $79.3M | $65.5M | $50.9M | $43.5M | $60.7M | $56.4M | $60.5M |
| Goodwill | $45.7M | $47.1M | $45.8M | $80.9M | $63.0M | $62.2M | $55.5M | $58.8M | $57.8M | $62.1M |
| Intangible assets | $12.2M | $9.2M | $5.7M | $7.7M | $7.7M | $17.4M | $14.6M | $13.4M | $16.1M | $14.0M |
| Total assets | $190M | $219M | $208M | $327M | $324M | $309M | $290M | $343M | $438M | $440M |
| Total liabilities | $486M | $221M | $232M | $387M | $426M | $417M | $373M | $419M | $442M | $456M |
| Preferred stock | $0.0M | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Shareholders' equity | โ$296M | โ$48.2M | โ$24.5M | โ$61.7M | โ$129M | โ$107M | โ$82.8M | โ$75.9M | โ$3.3M | โ$16.2M |
| Margins | ||||||||||
| Gross margin | 92.1% | 75.9% | 84.0% | โ | 77.0% | 74.8% | 66.6% | 60.2% | โ | โ |
| Operating margin | โ2.7% | โ26.4% | โ5.2% | โ | โ9.0% | โ2.2% | 16.3% | 12.0% | 10.3% | 10.0% |
| EBITDA margin | 44.2% | 14.4% | 9.2% | โ | 6.0% | 10.4% | 23.9% | 24.3% | 24.9% | 27.3% |
| Net margin | โ125.5% | โ109.0% | 9.4% | โ | โ28.4% | โ19.7% | 7.5% | 2.1% | 21.8% | โ5.6% |
| FCF margin | 19.2% | 7.0% | 6.6% | โ | 16.3% | โ4.3% | 3.2% | 7.0% | 4.9% | 5.4% |
| Returns | ||||||||||
| Return on capital | โ0.9% | โ17.2% | โ8.6% | โ | โ10.3% | โ2.2% | 24.2% | 12.5% | 10.9% | 7.9% |
| Return on capital employed | โ1.0% | โ7.5% | โ5.1% | โ | โ7.9% | โ2.0% | 21.6% | 16.1% | 9.2% | 8.3% |
| Return on assets | โ31.5% | โ24.0% | 6.2% | โ7.7% | โ17.4% | โ12.8% | 7.1% | 2.2% | 16.6% | โ3.9% |
| Growth | ||||||||||
| Revenue growth | โ | โ5.6% | 213.9% | โ | โ | 3.0% | 38.2% | 13.5% | โ8.0% | 2.4% |
| Net income growth | โ | โ | โ | โ254.9% | โ | โ | โ | โ67.5% | 839.1% | โ126.2% |
| EPS growth | โ | โ | โ | โ | โ | โ | โ | โ67.1% | 825.0% | โ126.1% |
| FCF growth | โ | โ65.8% | 199.9% | โ | โ | โ127.4% | โ | 152.2% | โ35.2% | 10.9% |
| Share count change | โ | 56.1% | 23.2% | โ | โ | 2.9% | 19.2% | 0.4% | โ0.1% | โ0.5% |
| Financial health | ||||||||||
| Net debt / EBITDA | 19.5x | 15.9x | 8.4x | โ | 22.4x | 12.7x | 3.8x | 3.6x | 4.1x | 4.1x |
| Interest coverage | โ0.0x | โ0.4x | โ0.4x | โ | โ0.6x | โ0.1x | 1.8x | 1.4x | 1.0x | 0.8x |
| Current ratio | 0.8x | 1.0x | 0.9x | 1.1x | 1.1x | 1.5x | 1.7x | 1.5x | 1.5x | 2.2x |
| Quick ratio | 0.6x | 1.0x | 0.8x | 0.9x | 1.0x | 1.3x | 1.3x | 1.2x | 1.3x | 2.0x |
| Capital allocation | ||||||||||
| Capex / revenue | 19.9% | 33.6% | 17.5% | โ | 7.7% | 5.5% | 7.2% | 9.9% | 5.7% | 11.7% |
| Stock comp / revenue | โ | 9.4% | 5.2% | โ | 2.4% | 6.3% | 3.8% | 3.5% | 2.6% | 2.2% |
| Payouts / FCF | โ | โ | โ | โ | โ | โ | 115.6% | 7.0% | โ | 2.5% |
| Quality scores | ||||||||||
| Piotroski F-score | โ | 5.0 | 6.0 | โ | โ | 5.0 | 7.0 | 4.0 | 5.0 | 5.0 |
| Altman Z'' | โ6.8 | โ6.2 | โ6.6 | โ | โ5.0 | โ5.0 | โ3.7 | โ3.2 | โ2.0 | โ1.7 |
| Accruals ratio | โ41.4% | โ32.9% | โ9.8% | โ | โ32.1% | โ13.6% | โ2.8% | โ15.1% | 8.5% | โ15.7% |
Source: SEC EDGAR XBRL filings (CIK 0001615063). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only โ not investment advice. Check the original filings before relying on any figure.
