Brightstar Lottery(BRSL)Earnings, Financials & Key Ratios
BRSL•NYSE
$12.66
$2.34B mkt cap·Price updated May 6, 2026
AboutA pure‑play global lottery operator - providing technology and services for regulated lotteries. Previously included gaming and iGaming operations, which were divested.Show more
- Revenue$2.51B
- EBITDA$1.1B+1.4%
- Net Income$70M-79.9%
- EPS (Diluted)-0.01-100.5%
- Gross Margin41.66%-10.4%
- EBITDA Margin43.93%+1.4%
- Operating Margin35.13%+28.6%
- Net Margin2.79%-79.9%
- ROE3.83%-77.9%
- ROIC11.67%+60.7%
- Debt/Equity2.67+0.7%
- Interest Coverage5.13+60.0%
BRSL Key Insights
Brightstar Lottery (BRSL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Share count reduced 3.4% through buybacks
✗Weaknesses
- ✗High debt to equity ratio of 2.7x
- ✗Negative free cash flow
- ✗Dividend payout exceeds 100% of earnings
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
BRSL Price & Volume
Brightstar Lottery (BRSL) stock price & volume — 10-year historical chart
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BRSL Growth Metrics
Brightstar Lottery (BRSL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-4.22%
3 Years-1.12%
TTM-0.08%
Profit CAGR
10 Years-
5 Years-
3 Years-36.62%
TTM-57.88%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-73.84%
Return on Capital
10 Years8.27%
5 Years9.46%
3 Years9.98%
Last Year12.9%
BRSL Recent Earnings
Brightstar Lottery (BRSL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/4 qtrs (50%)●Beat Revenue 2/4 qtrs (67%)
Q1 2026Latest
Feb 24, 2026EPS
$0.36
Est $0.29
+24.1%
Revenue
$668M
Est $663M
+0.7%
Q4 2025
Nov 4, 2025EPS
$0.36
Est $0.21
+71.4%
Revenue
$629M
Est $660M
-4.7%
Q3 2025
Jul 29, 2025EPS
$0.12
Est $0.17
-29.4%
Revenue
$630M
Est $625M
+0.9%
Q2 2025
May 13, 2025EPS
$0.09
Est $0.14
-35.7%
Revenue
$583M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 24, 2026 | $0.36vs $0.29+24.1% | $668Mvs $663M+0.7% |
| Q4 2025 | Nov 4, 2025 | $0.36vs $0.21+71.4% | $629Mvs $660M-4.7% |
| Q3 2025 | Jul 29, 2025 | $0.12vs $0.17-29.4% | $630Mvs $625M+0.9% |
| Q2 2025 | May 13, 2025 | $0.09vs $0.14-35.7% | $583M |
Based on last 4 quarters of dataView full earnings history →
BRSL Peer Comparison
Brightstar Lottery (BRSL) competitors in Lotteries and Pari-Mutuel Gaming — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 GENI | 1.08B | 4.40 | -10 | 31.04% | -16.67% | -15.51% | 0.04 | |
 DKNG | 11.86B | 23.92 | -2953.09 | 26.99% | 0.06% | 0.46% | 3.06 | |
 PENN | 2.24B | 16.75 | -2.87 | 5.82% | -12.11% | -34.66% | 4.58 | |
 SRAD | 3.95B | 13.36 | 37.95 | 11.97% | 5.25% | 7.31% | 0.06 | |
 PLTK | 1.35B | 3.57 | -6.61 | 8.08% | -7.49% | |||
 FLUT | 17.28B | 99.11 | -57.29 | 16.62% | -2.67% | -4.36% | 1.38 | |
 RSI | 2.98B | 27.86 | 199 | 22.76% | 2.98% | 12.91% | 0.06 | |
 CZR | 5.65B | 27.76 | -11.47 | 2.14% | -4.19% | -12.62% | 7.15 |
Compare BRSL vs Peers
Brightstar Lottery (BRSL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BRSL Income Statement
Brightstar Lottery (BRSL) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Sales/Revenue | 3.12B | 4.09B | 2.6B | 2.53B | 2.51B | 2.51B |
| Revenue Growth % | - | 31.25% | -36.49% | -2.62% | -0.67% | -0.04% |
| Cost of Goods Sold | 1.98B | 2.13B | 1.4B | 1.32B | 1.34B | 1.47B |
| COGS % of Revenue | 63.54% | 52.12% | 53.91% | 52.15% | 53.5% | 58.34% |
| Gross Profit | 1.14B▲ 0% | 1.96B▲ 72.4% | 1.2B▼ 38.9% | 1.21B▲ 1.1% | 1.17B▼ 3.5% | 1.05B▼ 10.4% |
| Gross Margin % | 36.46% | 47.88% | 46.09% | 47.84% | 46.5% | 41.66% |
| Gross Profit Growth % | - | 72.4% | -38.87% | 1.09% | -3.47% | -10.45% |
| Operating Expenses | 897.84M | 1.06B | 454M | 458M | 482M | 385M |
| OpEx % of Revenue | 28.82% | 25.83% | 17.48% | 18.11% | 19.19% | 15.33% |
| Selling, General & Admin | 706.89M | 810M | 400M | 407M | 393M | 338M |
| SG&A % of Revenue | 22.69% | 19.81% | 15.4% | 16.09% | 15.64% | 13.46% |
| Research & Development | 190.95M | 238M | 45M | 37M | 45M | 47M |
| R&D % of Revenue | 6.13% | 5.82% | 1.73% | 1.46% | 1.79% | 1.87% |
| Other Operating Expenses | 0 | 8M | 9M | 14M | 44M | 0 |
| Operating Income | 237.91M▲ 0% | 902M▲ 279.1% | 743M▼ 17.6% | 752M▲ 1.2% | 686M▼ 8.8% | 882M▲ 28.6% |
| Operating Margin % | 7.64% | 22.06% | 28.61% | 29.74% | 27.31% | 35.13% |
| Operating Income Growth % | - | 279.13% | -17.63% | 1.21% | -8.78% | 28.57% |
| EBITDA | 804.11M | 1.43B | 1.16B | 1.17B | 1.09B | 1.1B |
| EBITDA Margin % | 25.81% | 34.92% | 44.74% | 46.14% | 43.31% | 43.93% |
| EBITDA Growth % | - | 77.59% | -18.63% | 0.43% | -6.77% | 1.38% |
| D&A (Non-Cash Add-back) | 566.19M | 526M | 419M | 415M | 402M | 221M |
| EBIT | -429.83M | 884M | 996M | 705M | 735M | 661M |
| Net Interest Income | -402.92M | -342M | -216M | -207M | -205M | -172M |
| Interest Income | 14.96M | 13M | 8M | 10M | 9M | 0 |
| Interest Expense | 417.87M | 355M | 224M | 217M | 214M | 172M |
| Other Income/Expense | -1.09B | -373M | 29M | -264M | -165M | -582M |
| Pretax Income | -847.71M▲ 0% | 529M▲ 162.4% | 772M▲ 45.9% | 488M▼ 36.8% | 521M▲ 6.8% | 300M▼ 42.4% |
| Pretax Margin % | -27.21% | 12.94% | 29.73% | 19.3% | 20.74% | 11.95% |
| Income Tax | 27.7M | 274M | 212M | 223M | 250M | 165M |
| Effective Tax Rate % | -3.27% | 51.8% | 27.46% | 45.7% | 47.98% | 55% |
| Net Income | -897.89M▲ 0% | 482M▲ 153.7% | 275M▼ 42.9% | 156M▼ 43.3% | 348M▲ 123.1% | 70M▼ 79.9% |
| Net Margin % | -28.82% | 11.79% | 10.59% | 6.17% | 13.85% | 2.79% |
| Net Income Growth % | - | 153.68% | -42.95% | -43.27% | 123.08% | -79.89% |
| Net Income (Continuing) | -875.4M | 255M | 560M | 265M | 271M | 134M |
| Discontinued Operations | 41.44M | 415M | -146M | 43M | 238M | 71M |
| Minority Interest | 784.43M | 689M | 550M | 510M | 409M | 715M |
| EPS (Diluted) | -4.39▲ 0% | 0.32▲ 107.3% | 1.37▲ 328.1% | 0.77▼ 43.8% | 1.90▲ 146.8% | -0.01▼ 100.5% |
| EPS Growth % | - | 107.29% | 328.13% | -43.8% | 146.75% | -100.53% |
| EPS (Basic) | -4.39 | 2.35 | 1.38 | 0.78 | 1.92 | -0.01 |
| Diluted Shares Outstanding | 204.72M | 206.79M | 203.41M | 203M | 204M | 197M |
| Basic Shares Outstanding | 204.72M | 204.95M | 201.82M | 200M | 202M | 197M |
| Dividend Payout Ratio | - | 8.51% | 58.55% | 102.56% | 46.26% | 1100% |
BRSL Balance Sheet
Brightstar Lottery (BRSL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Total Current Assets | 3.44B | 2.49B | 2.13B | 2.13B | 6.17B | 2.34B |
| Cash & Short-Term Investments | 1.11B | 591M | 590M | 508M | 584M | 1.45B |
| Cash Only | 1.11B | 591M | 590M | 508M | 584M | 1.45B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.23B | 1.39B | 1.03B | 458M | 489M | 526M |
| Days Sales Outstanding | 144.26 | 123.9 | 144.9 | 66.1 | 71.05 | 76.46 |
| Inventory | 169.21M | 183M | 254M | 110M | 113M | 116M |
| Days Inventory Outstanding | 31.2 | 31.34 | 66.22 | 30.44 | 30.69 | 28.9 |
| Other Current Assets | 885.17M | 271M | 210M | 1B | 4.93B | 248M |
| Total Non-Current Assets | 9.55B | 8.84B | 8.3B | 8.34B | 4.11B | 6.82B |
| Property, Plant & Equipment | 1.52B | 1.37B | 1.27B | 799M | 767M | 860M |
| Fixed Asset Turnover | 2.05x | 2.99x | 2.05x | 3.17x | 3.28x | 2.92x |
| Goodwill | 4.71B | 4.66B | 4.48B | 2.68B | 2.65B | 2.71B |
| Intangible Assets | 1.58B | 2.55B | 2.28B | 795M | 567M | 125M |
| Long-Term Investments | 164.66M | 0 | 0 | 0 | 42M | 0 |
| Other Non-Current Assets | 1.54B | 227M | 232M | 4.03B | 51M | 3.13B |
| Total Assets | 12.99B▲ 0% | 11.32B▼ 12.9% | 10.43B▼ 7.9% | 10.46B▲ 0.3% | 10.28B▼ 1.8% | 9.16B▼ 10.9% |
| Asset Turnover | 0.24x | 0.36x | 0.25x | 0.24x | 0.24x | 0.27x |
| Asset Growth % | - | -12.86% | -7.85% | 0.31% | -1.79% | -10.9% |
| Total Current Liabilities | 2.62B | 1.91B | 1.85B | 1.69B | 2.69B | 3.07B |
| Accounts Payable | 1.13B | 1.03B | 731M | 643M | 718M | 766M |
| Days Payables Outstanding | 207.61 | 177.28 | 190.58 | 177.93 | 194.99 | 190.85 |
| Short-Term Debt | 448.36M | 52M | 61M | 16M | 208M | 118M |
| Deferred Revenue (Current) | 107.54M | 104M | 91M | 33M | 36M | 0 |
| Other Current Liabilities | 817.15M | 319M | 631M | 744M | 1.49B | 2.19B |
| Current Ratio | 1.32x | 1.30x | 1.15x | 1.26x | 2.29x | 0.76x |
| Quick Ratio | 1.25x | 1.20x | 1.01x | 1.19x | 2.25x | 0.72x |
| Cash Conversion Cycle | -32.16 | -22.03 | 20.54 | -81.39 | -93.25 | -85.49 |
| Total Non-Current Liabilities | 8.82B | 7.44B | 6.61B | 6.82B | 5.53B | 4.5B |
| Long-Term Debt | 7.86B | 6.48B | 5.69B | 5.65B | 5.15B | 4.06B |
| Capital Lease Obligations | 297.08M | 296M | 239M | 88M | 83M | 72M |
| Deferred Tax Liabilities | 333.01M | 415M | 305M | 218M | 208M | 0 |
| Other Non-Current Liabilities | 266.93M | 201M | 321M | 828M | 60M | 364M |
| Total Liabilities | 11.43B | 9.35B | 8.45B | 8.51B | 8.22B | 7.57B |
| Total Debt | 8.6B | 6.87B | 6.03B | 5.78B | 5.47B | 4.25B |
| Net Debt | 7.5B | 6.27B | 5.44B | 5.27B | 4.88B | 2.8B |
| Debt / Equity | 5.51x | 3.48x | 3.05x | 2.96x | 2.65x | 2.67x |
| Debt / EBITDA | 10.70x | 4.81x | 5.19x | 4.95x | 5.03x | 3.85x |
| Net Debt / EBITDA | 9.32x | 4.39x | 4.68x | 4.52x | 4.49x | 2.54x |
| Interest Coverage | 0.57x | 2.54x | 3.32x | 3.47x | 3.21x | 5.13x |
| Total Equity | 1.56B▲ 0% | 1.97B▲ 26.3% | 1.98B▲ 0.4% | 1.95B▼ 1.3% | 2.06B▲ 5.5% | 1.59B▼ 22.9% |
| Equity Growth % | - | 26.25% | 0.41% | -1.31% | 5.53% | -22.85% |
| Book Value per Share | 7.63 | 9.53 | 9.73 | 9.62 | 10.10 | 8.07 |
| Total Shareholders' Equity | 776.74M | 1.28B | 1.43B | 1.44B | 1.65B | 875M |
| Common Stock | 20.48M | 21M | 21M | 21M | 21M | 875M |
| Retained Earnings | -1.92B | -1.44B | -1.16B | -1.01B | -660M | 0 |
| Treasury Stock | 0 | -41M | -156M | -156M | -156M | 0 |
| Accumulated OCI | 329.81M | 412M | 529M | 521M | 516M | 0 |
| Minority Interest | 784.43M | 689M | 550M | 510M | 409M | 715M |
BRSL Cash Flow Statement
Brightstar Lottery (BRSL) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Cash from Operations | 865.63M | 978M | 899M | 1.04B | 1.03B | -99M |
| Operating CF Margin % | 27.79% | 23.92% | 34.62% | 41.12% | 41% | -3.94% |
| Operating CF Growth % | - | 12.98% | -8.08% | 15.68% | -0.96% | -109.61% |
| Net Income | -939.33M | 1.08B | 560M | 116M | 270M | 147M |
| Depreciation & Amortization | 566.19M | 526M | 419M | 415M | 402M | 444M |
| Stock-Based Compensation | 0 | 35M | 34M | 0 | 38M | 0 |
| Deferred Taxes | -78.21M | 38M | -42M | -36M | -36M | 0 |
| Other Non-Cash Items | 1.19B | -603M | -79M | 365M | 306M | 213M |
| Working Capital Changes | 125.88M | -103M | 7M | 180M | 50M | -903M |
| Change in Receivables | 73.58M | -95M | 114M | -55M | -85M | -14M |
| Change in Inventory | 16.63M | -13M | -17M | -21M | -5M | 1M |
| Change in Payables | 4.59M | -36M | -60M | 82M | 88M | 89M |
| Cash from Investing | -292.77M | 636M | 168M | -467M | -357M | 3.82B |
| Capital Expenditures | -254.69M | -238M | -162M | -147M | -149M | -316M |
| CapEx % of Revenue | 8.18% | 5.82% | 6.24% | 5.81% | 5.93% | 12.58% |
| Acquisitions | -14.95M | 0 | 476M | -74M | 0 | 0 |
| Investments | - | - | - | - | - | - |
| Other Investing | -23.13M | 874M | -146M | -246M | -208M | 4.13B |
| Cash from Financing | -413.66M | -1.9B | -1.06B | -564M | -586M | -3.03B |
| Debt Issued (Net) | -224.96M | -1.52B | -576M | -181M | -135M | -1.6B |
| Equity Issued (Net) | 0 | -1000K | -1000K | 0 | 0 | -1000K |
| Dividends Paid | -40.89M | -41M | -161M | -160M | -161M | -770M |
| Share Repurchases | 0 | -41M | -115M | 0 | 0 | -271M |
| Other Financing | -147.81M | -292M | -213M | -223M | -290M | -392M |
| Net Change in Cash | 230.67M▲ 0% | -321M▼ 239.2% | -68M▲ 78.8% | -86M▼ 26.5% | 36M▲ 141.9% | 796M▲ 2111.1% |
| Free Cash Flow | 610.94M▲ 0% | 740M▲ 21.1% | 737M▼ 0.4% | 893M▲ 21.2% | 881M▼ 1.3% | -415M▼ 147.1% |
| FCF Margin % | 19.61% | 18.1% | 28.38% | 35.31% | 35.07% | -16.53% |
| FCF Growth % | - | 21.12% | -0.41% | 21.17% | -1.34% | -147.11% |
| FCF per Share | 2.98 | 3.58 | 3.62 | 4.40 | 4.32 | -2.11 |
| FCF Conversion (FCF/Net Income) | -0.96x | 2.03x | 3.27x | 6.67x | 2.96x | -1.41x |
| Interest Paid | 0 | 369M | 228M | 0 | 221M | 0 |
| Taxes Paid | 0 | 188M | 283M | 0 | 241M | 0 |
BRSL Key Ratios
Brightstar Lottery (BRSL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -57.51% | 27.29% | 13.92% | 7.93% | 17.34% | 3.83% |
| Return on Invested Capital (ROIC) | 1.97% | 7.82% | 7.12% | 7.7% | 7.26% | 11.67% |
| Gross Margin | 36.46% | 47.88% | 46.09% | 47.84% | 46.5% | 41.66% |
| Net Margin | -28.82% | 11.79% | 10.59% | 6.17% | 13.85% | 2.79% |
| Debt / Equity | 5.51x | 3.48x | 3.05x | 2.96x | 2.65x | 2.67x |
| Interest Coverage | 0.57x | 2.54x | 3.32x | 3.47x | 3.21x | 5.13x |
| FCF Conversion | -0.96x | 2.03x | 3.27x | 6.67x | 2.96x | -1.41x |
| Revenue Growth | - | 31.25% | -36.49% | -2.62% | -0.67% | -0.04% |
BRSL Frequently Asked Questions
Brightstar Lottery (BRSL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Brightstar Lottery (BRSL) reported $2.51B in revenue for fiscal year 2025. This represents a 19% decrease from $3.12B in 2020.
Brightstar Lottery (BRSL) saw revenue decline by 0.0% over the past year.
Yes, Brightstar Lottery (BRSL) is profitable, generating $147.0M in net income for fiscal year 2025 (2.8% net margin).
Dividend & Returns
Yes, Brightstar Lottery (BRSL) pays a dividend with a yield of 30.87%. This makes it attractive for income-focused investors.
Brightstar Lottery (BRSL) has a return on equity (ROE) of 3.8%. This is below average, suggesting room for improvement.
Brightstar Lottery (BRSL) had negative free cash flow of $455.9M in fiscal year 2025, likely due to heavy capital investments.
Explore More BRSL
Brightstar Lottery (BRSL) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates