Brightstar Lottery(BRSL)Earnings, Financials & Key Ratios
BRSL•NYSE
Price updated Jun 17, 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-2.5%
- Net Income$147M-57.8%
- EPS (Diluted)-0.01-100.5%
- Gross Margin50.46%-4.9%
- EBITDA Margin43.93%-2.4%
- Operating Margin35.13%+21.0%
- Net Margin5.85%-57.7%
- ROE8.05%-53.6%
BRSL Key Insights
Brightstar Lottery (BRSL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Share count reduced 3.4% through buybacks
- ✓Trading at only 1.4x book value
✗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.
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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%
TTM3.29%
Profit CAGR
10 Years-
5 Years-
3 Years-18.84%
TTM-46.6%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-64.14%
Return on Capital
10 Years8.39%
5 Years9.62%
3 Years10.21%
Last Year12.9%
BRSL Recent Earnings
Brightstar Lottery (BRSL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/5 qtrs (40%)●Beat Revenue 2/5 qtrs (50%)
Q2 2026Latest
May 12, 2026Metric
Actual
Est
EPS
$0.14-26.3%
$0.19
Rev
$587M-3.3%
$607M
Q1 2026
Feb 24, 2026Metric
Actual
Est
EPS
$0.36+24.1%
$0.29
Rev
$668M+0.7%
$663M
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$0.36+71.4%
$0.21
Rev
$629M-4.7%
$660M
Q3 2025
Jul 29, 2025Metric
Actual
Est
EPS
$0.12-29.4%
$0.17
Rev
$630M+0.9%
$625M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 12, 2026 | $0.14vs $0.19-26.3% | $587Mvs $607M-3.3% |
| Q1 2026 | 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% |
Based on last 5 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 | 1.6B | 6.20 | -14.09 | 31.04% | -22.27% | -22.2% | 0.04 | |
 DKNG | 13.05B | 26.32 | -3249.38 | 26.99% | 0.93% | 7.88% | 3.06 | |
 PENN | 2.84B | 21.23 | -3.64 | 5.82% | -12.11% | -34.66% | 4.58 | |
 SRAD | 4.45B | 15.03 | 43.17 | 11.97% | 5.25% | 7.31% | 0.06 | |
 PLTK | 1.33B | 3.49 | -6.35 | 8.08% | -10.54% | |||
 FLUT | 17.68B | 101.65 | -58.76 | 16.62% | -2.68% | -4.36% | 1.38 | |
 RSI | 3.02B | 28.28 | 202 | 22.76% | 2.98% | 12.91% | 0.06 | |
 CZR | 5.95B | 29.22 | -12.07 | 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
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Sales/Revenue | 3.12B | 4.09B | 2.6B | 2.53B | 2.51B | 2.51B | 2.51B |
Revenue Growth % | - | 31.25% | -36.49% | -2.62% | -0.67% | -0.04% | 3.29% |
Cost of Goods Sold | 1.98B | 2.13B | 1.4B | 1.16B | 1.18B | 1.24B | 1.37B |
COGS % of Revenue | 63.54% | 52.12% | 53.91% | 45.75% | 46.93% | 49.54% | - |
Gross Profit | 1.14B▲ 0% | 1.96B▲ 72.4% | 1.2B▼ 38.9% | 1.37B▲ 14.6% | 1.33B▼ 2.8% | 1.27B▼ 5.0% | 1.15B▲ 0% |
Gross Margin % | 36.46% | 47.88% | 46.09% | 54.25% | 53.07% | 50.46% | 45.58% |
Gross Profit Growth % | - | 72.4% | -38.87% | 14.62% | -2.84% | -4.95% | - |
Operating Expenses | 897.84M | 1.06B | 448M | 606M | 604M | 385M | 443M |
OpEx % of Revenue | 28.82% | 25.83% | 17.25% | 23.96% | 24.04% | 15.33% | - |
Selling, General & Admin | 706.89M | 810M | 400M | 355M | 357M | 338M | 335M |
SG&A % of Revenue | 22.69% | 19.81% | 15.4% | 14.04% | 14.21% | 13.46% | - |
Research & Development | 190.95M | 238M | 45M | 36M | 43M | 47M | 50M |
R&D % of Revenue | 6.13% | 5.82% | 1.73% | 1.42% | 1.71% | 1.87% | - |
Other Operating Expenses | 0 | 8M | 3M | 215M | 204M | 0 | 2M |
Operating Income | 237.91M▲ 0% | 902M▲ 279.1% | 749M▼ 17.0% | 766M▲ 2.3% | 729M▼ 4.8% | 882M▲ 21.0% | 703M▲ 0% |
Operating Margin % | 7.64% | 22.06% | 28.84% | 30.29% | 29.02% | 35.13% | 27.96% |
Operating Income Growth % | - | 279.13% | -16.96% | 2.27% | -4.83% | 20.99% | - |
EBITDA | 804.11M | 1.43B | 1.17B | 1.18B | 1.13B | 1.1B | 1.13B |
EBITDA Margin % | 25.81% | 34.92% | 44.98% | 46.7% | 45.02% | 43.93% | 44.95% |
EBITDA Growth % | - | 77.59% | -18.21% | 1.11% | -4.23% | -2.48% | 11.77% |
D&A (Non-Cash Add-back) | 566.19M | 526M | 419M | 415M | 402M | 221M | 427M |
EBIT | -429.83M | 884M | 996M | 705M | 735M | 661M | 512M |
Net Interest Income | -402.92M | -342M | -216M | -207M | -205M | -172M | -197M |
Interest Income | 14.96M | 13M | 8M | 10M | 9M | 31M | 4M |
Interest Expense | 417.87M | 355M | 224M | 217M | 214M | 203M | 201M |
Other Income/Expense | -1.09B | -373M | 23M | -278M | -208M | -582M | -367M |
Pretax Income | -847.71M▲ 0% | 529M▲ 162.4% | 772M▲ 45.9% | 488M▼ 36.8% | 521M▲ 6.8% | 300M▼ 42.4% | 336M▲ 0% |
Pretax Margin % | -27.21% | 12.94% | 29.73% | 19.3% | 20.74% | 11.95% | 13.37% |
Income Tax | 27.7M | 274M | 212M | 223M | 250M | 165M | 147M |
Effective Tax Rate % | -3.27% | 51.8% | 27.46% | 45.7% | 47.98% | 55% | 43.75% |
Net Income | -897.89M▲ 0% | 482M▲ 153.7% | 275M▼ 42.9% | 156M▼ 43.3% | 348M▲ 123.1% | 147M▼ 57.8% | 157M▲ 0% |
Net Margin % | -28.82% | 11.79% | 10.59% | 6.17% | 13.85% | 5.85% | 6.25% |
Net Income Growth % | - | 153.68% | -42.95% | -43.27% | 123.08% | -57.76% | -46.6% |
Net Income (Continuing) | -875.4M | 255M | 560M | 265M | 271M | 135M | 189M |
Discontinued Operations | 41.44M | 415M | -146M | 43M | 238M | 152M | 2M |
Minority Interest | 784.43M | 689M | 550M | 510M | 409M | 715M | 1.26B |
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% | 0.84▲ 0% |
EPS Growth % | - | 107.29% | 328.13% | -43.8% | 146.75% | -100.53% | -64.14% |
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 | 187M |
Basic Shares Outstanding | 204.72M | 204.95M | 201.82M | 200M | 202M | 197M | 186M |
Dividend Payout Ratio | - | 8.51% | 58.55% | 102.56% | 46.26% | 523.81% | - |
BRSL Balance Sheet
Brightstar Lottery (BRSL) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Total Current Assets | 3.44B | 2.49B | 2.13B | 2.13B | 6.17B | 2.34B | 2.78B |
Cash & Short-Term Investments | 1.11B | 591M | 590M | 508M | 584M | 1.45B | 1.27B |
Cash Only | 1.11B | 591M | 590M | 508M | 584M | 1.45B | 1.27B |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 1.23B | 1.39B | 1.03B | 458M | 489M | 526M | 561M |
Days Sales Outstanding | 144.26 | 123.9 | 144.9 | 66.1 | 71.05 | 76.46 | 76.95 |
Inventory | 169.21M | 183M | 254M | 110M | 113M | 116M | 125M |
Days Inventory Outstanding | 31.2 | 31.34 | 66.22 | 34.7 | 34.98 | 34.04 | 31.55 |
Other Current Assets | 885.17M | 271M | 210M | 1B | 4.93B | 248M | 816M |
Total Non-Current Assets | 9.55B | 8.84B | 8.3B | 8.34B | 4.11B | 6.82B | 6.69B |
Property, Plant & Equipment | 1.52B | 1.37B | 1.27B | 799M | 767M | 860M | 891M |
Fixed Asset Turnover | 2.05x | 2.99x | 2.05x | 3.17x | 3.28x | 2.92x | 2.95x |
Goodwill | 4.71B | 4.66B | 4.48B | 2.68B | 2.65B | 2.71B | 2.7B |
Intangible Assets | 1.58B | 2.55B | 2.28B | 795M | 567M | 125M | 124M |
Long-Term Investments | 164.66M | 0 | 0 | 0 | 42M | 0 | 40M |
Other Non-Current Assets | 1.54B | 227M | 232M | 4.03B | 51M | 3.13B | 2.98B |
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% | 9.46B▲ 0% |
Asset Turnover | 0.24x | 0.36x | 0.25x | 0.24x | 0.24x | 0.27x | 0.26x |
Asset Growth % | - | -12.86% | -7.85% | 0.31% | -1.79% | -10.9% | -16.86% |
Total Current Liabilities | 2.62B | 1.91B | 1.85B | 1.69B | 2.69B | 3.07B | 3.15B |
Accounts Payable | 1.13B | 1.03B | 731M | 643M | 718M | 766M | 730M |
Days Payables Outstanding | 207.61 | 177.28 | 190.58 | 202.85 | 222.28 | 224.75 | 195.71 |
Short-Term Debt | 448.36M | 52M | 61M | 16M | 208M | 118M | 229M |
Deferred Revenue (Current) | 107.54M | 104M | 91M | 33M | 36M | 0 | 67M |
Other Current Liabilities | 817.15M | 319M | 631M | 744M | 1.49B | 2.19B | 2.19B |
Current Ratio | 1.32x | 1.30x | 1.15x | 1.26x | 2.29x | 0.76x | 0.88x |
Quick Ratio | 1.25x | 1.20x | 1.01x | 1.19x | 2.25x | 0.72x | 0.84x |
Cash Conversion Cycle | -32.16 | -22.03 | 20.54 | -102.04 | -116.25 | -114.26 | -87.21 |
Total Non-Current Liabilities | 8.82B | 7.44B | 6.61B | 6.82B | 5.53B | 4.5B | 4.21B |
Long-Term Debt | 7.86B | 6.48B | 5.69B | 5.65B | 5.15B | 4.06B | 3.78B |
Capital Lease Obligations | 297.08M | 296M | 239M | 88M | 83M | 72M | 318M |
Deferred Tax Liabilities | 333.01M | 415M | 305M | 218M | 208M | 0 | 635M |
Other Non-Current Liabilities | 266.93M | 201M | 321M | 828M | 60M | 364M | 158M |
Total Liabilities | 11.43B | 9.35B | 8.45B | 8.51B | 8.22B | 7.57B | 7.36B |
Total Debt | 8.6B | 6.87B | 6.03B | 5.78B | 5.47B | 4.25B | 4.08B |
Net Debt | 7.5B | 6.27B | 5.44B | 5.27B | 4.88B | 2.8B | 2.81B |
Debt / Equity | 5.51x | 3.48x | 3.05x | 2.96x | 2.65x | 2.67x | 1.94x |
Debt / EBITDA | 10.70x | 4.81x | 5.16x | 4.89x | 4.84x | 3.85x | 3.61x |
Net Debt / EBITDA | 9.32x | 4.39x | 4.66x | 4.46x | 4.32x | 2.54x | 2.48x |
Interest Coverage | -1.03x | 2.49x | 4.45x | 3.25x | 3.43x | 3.26x | 2.55x |
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% | 2.11B▲ 0% |
Equity Growth % | - | 26.25% | 0.41% | -1.31% | 5.53% | -22.85% | -38.51% |
Book Value per Share | 7.63 | 9.53 | 9.73 | 9.62 | 10.10 | 8.07 | 11.27 |
Total Shareholders' Equity | 776.74M | 1.28B | 1.43B | 1.44B | 1.65B | 875M | 848M |
Common Stock | 20.48M | 21M | 21M | 21M | 21M | 875M | 0 |
Retained Earnings | -1.92B | -1.44B | -1.16B | -1.01B | -660M | 0 | 0 |
Treasury Stock | 0 | -41M | -156M | -156M | -156M | 0 | 0 |
Accumulated OCI | 329.81M | 412M | 529M | 521M | 516M | 0 | 0 |
Minority Interest | 784.43M | 689M | 550M | 510M | 409M | 715M | 1.26B |
BRSL Cash Flow Statement
Brightstar Lottery (BRSL) cash flow — operating, investing & free cash flow history
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Cash from Operations | 865.63M | 978M | 899M | 1.04B | 1.03B | -99M | -161.11M |
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% | -470.63% |
Net Income | -939.33M | 1.08B | 560M | 116M | 270M | 147M | 157M |
Depreciation & Amortization | 566.19M | 526M | 419M | 415M | 402M | 444M | 498M |
Stock-Based Compensation | 0 | 35M | 34M | 0 | 38M | 0 | 0 |
Deferred Taxes | -78.21M | 38M | -42M | -36M | -36M | 0 | -34.41M |
Other Non-Cash Items | 1.19B | -603M | -79M | 365M | 306M | 213M | 320.55M |
Working Capital Changes | 125.88M | -103M | 7M | 180M | 50M | -903M | -1B |
Change in Receivables | 73.58M | -95M | 114M | -55M | -85M | -14M | -108.44M |
Change in Inventory | 16.63M | -13M | -17M | -21M | -5M | 1M | -8.97M |
Change in Payables | 4.59M | -36M | -60M | 82M | 88M | 89M | 140.79M |
Cash from Investing | -292.77M | 636M | 168M | -467M | -357M | 3.82B | 3.97B |
Capital Expenditures | -254.69M | -238M | -162M | -147M | -149M | -316M | -359.88M |
CapEx % of Revenue | 8.18% | 5.82% | 6.24% | 5.81% | 5.93% | 12.58% | 14.32% |
Acquisitions | -14.95M | 0 | 476M | -74M | 0 | 0 | 324.92M |
Investments | - | - | - | - | - | - | - |
Other Investing | -23.13M | 874M | -146M | -246M | -208M | 4.13B | 4.06B |
Cash from Financing | -413.66M | -1.9B | -1.06B | -564M | -586M | -3.03B | -3.34B |
Debt Issued (Net) | -224.96M | -1.52B | -576M | -181M | -135M | -1.6B | -1.9B |
Equity Issued (Net) | 0 | -41M | -115M | 0 | 0 | -271M | -309.47M |
Dividends Paid | -40.89M | -41M | -161M | -160M | -161M | -770M | -796.07M |
Share Repurchases | 0 | -41M | -115M | 0 | 0 | -271M | -309.47M |
Other Financing | -147.81M | -292M | -213M | -223M | -290M | -392M | -338.16M |
Net Change in Cash | 230.67M▲ 0% | -321M▼ 239.2% | -68M▲ 78.8% | -86M▼ 26.5% | 36M▲ 141.9% | 796M▲ 2111.1% | 535M▲ 0% |
Free Cash Flow | 610.94M▲ 0% | 740M▲ 21.1% | 737M▼ 0.4% | 893M▲ 21.2% | 881M▼ 1.3% | -415M▼ 147.1% | -520.99M▲ 0% |
FCF Margin % | 19.61% | 18.1% | 28.38% | 35.31% | 35.07% | -16.53% | -20.72% |
FCF Growth % | - | 21.12% | -0.41% | 21.17% | -1.34% | -147.11% | -155.19% |
FCF per Share | 2.98 | 3.58 | 3.62 | 4.40 | 4.32 | -2.11 | -2.79 |
FCF Conversion (FCF/Net Income) | -0.96x | 2.03x | 3.27x | 6.67x | 2.96x | -0.67x | -3.32x |
Interest Paid | 0 | 369M | 228M | 0 | 221M | 0 | 42M |
Taxes Paid | 0 | 188M | 283M | 0 | 241M | 0 | 101M |
BRSL Key Ratios
Brightstar Lottery (BRSL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|
Return on Equity (ROE) | 27.29% | 13.92% | 7.93% | 17.34% | 8.05% | 8.89% |
Return on Invested Capital (ROIC) | 7.82% | 7.17% | 7.85% | 7.72% | 11.67% | 10.23% |
Gross Margin | 47.88% | 46.09% | 54.25% | 53.07% | 50.46% | 45.58% |
Net Margin | 11.79% | 10.59% | 6.17% | 13.85% | 5.85% | 6.25% |
Debt / Equity | 3.48x | 3.05x | 2.96x | 2.65x | 2.67x | 1.94x |
Interest Coverage | 2.49x | 4.45x | 3.25x | 3.43x | 3.26x | 2.55x |
FCF Conversion | 2.03x | 3.27x | 6.67x | 2.96x | -0.67x | -3.32x |
Revenue Growth | 31.25% | -36.49% | -2.62% | -0.67% | -0.04% | 3.29% |
Related:BRSL Dividend History·BRSL Revenue History·BRSL Price History·BRSL P/E History·BRSL Financial Ratios·BRSL Institutional Holders
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 $157.0M in net income for fiscal year 2025 (5.9% net margin).
Dividend & Returns
Yes, Brightstar Lottery (BRSL) pays a dividend with a yield of 35.21%. This makes it attractive for income-focused investors.
Brightstar Lottery (BRSL) has a return on equity (ROE) of 8.1%. This is below average, suggesting room for improvement.
Brightstar Lottery (BRSL) had negative free cash flow of $521.0M in fiscal year 2025, likely due to heavy capital investments.