Inspired Entertainment, Inc. (INSE) 10-Year Financial Performance & Capital Metrics

INSE • • Industrial / General

Consumer CyclicalCasinos & GamingGaming Technology & ServicesGaming Equipment & Content Providers

AboutInspired Entertainment, Inc., a business-to-business gaming technology company, supplies content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. The company operates through four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games. The Virtual Sports segment designs, develops, markets, and distributes ultra-high-definition sports games that include greyhounds, tennis, motor racing, cycling, cricket, speedway, golf, and dart, and other horse racing games under the V-Play Soccer, V-Play Football, V-Play Basketball, Virtual Grand National, and V-Play NFLA names. The Interactive segment provides a range of premium random number generated casino content from feature-rich bonus games to European-style casino free spins and table games. The Leisure segment supplies gaming terminals and amusement machines in pubs, bingo halls, and adult gaming centers, as well as family entertainment centers, bowling centers, and other entertainment venues. Inspired Entertainment, Inc. is headquartered in New York, New York.Show more

Revenue $297M -8.0%
EBITDA $78M -4.7%
Net Income $65M +839.1%
EPS (Diluted) 2.22 +753.8%
Gross Margin 68.93% +14.6%
EBITDA Margin 26.39% +3.5%
Operating Margin 10.33% -14.2%
Net Margin 21.81% +920.7%
ROE -
ROIC 8.63% -40.7%
Debt/Equity -
Interest Coverage 0.94 -25.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 14.1%

✗Weaknesses

✗Low quality earnings: Net income not backed by cash flow

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y7.3%

5Y14.13%

3Y13.02%

TTM3.71%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM3556.25%

EPS CAGR

10Y-

5Y-

3Y-

TTM470.36%

ROCE

10Y Avg2.07%

5Y Avg7.86%

3Y Avg16.31%

Latest10.65%

Peer Comparison

Gaming Equipment & Content Providers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LNWLight & Wonder, Inc.	9.8B	120.26	32.68	9.86%	12.39%	55.19%	3.45%	6.16
INSEInspired Entertainment, Inc.	253.38M	9.41	4.24	-7.99%	18%		1.14%

Profit & Loss

	Dec 2015	Sep 2016	Sep 2017	Sep 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	127.57M	119.77M	122.54M	141.38M	153.4M	198.3M	205.8M	284.5M	322.9M	297.1M
Revenue Growth %	-0.13%	-0.06%	0.02%	0.15%	0.09%	0.29%	0.04%	0.38%	0.13%	-0.08%
Cost of Goods Sold+	3.53M	20.41M	26.68M	30.78M	36.1M	60.9M	69.6M	94.9M	128.6M	92.3M
COGS % of Revenue	0.03%	0.17%	0.22%	0.22%	0.24%	0.31%	0.34%	0.33%	0.4%	0.31%
Gross Profit+	124.04M	99.36M	95.86M	110.6M	117.3M	137.4M	136.2M	189.6M	194.3M	204.8M
Gross Margin %	0.97%	0.83%	0.78%	0.78%	0.76%	0.69%	0.66%	0.67%	0.6%	0.69%
Gross Profit Growth %	0.28%	-0.2%	-0.04%	0.15%	0.06%	0.17%	-0.01%	0.39%	0.02%	0.05%
Operating Expenses+	3.53M	100.89M	96.35M	109.37M	130.3M	155.4M	140.7M	143.1M	155.4M	174.1M
OpEx % of Revenue	0.03%	0.84%	0.79%	0.77%	0.85%	0.78%	0.68%	0.5%	0.48%	0.59%
Selling, General & Admin	3.53M	59.87M	62.54M	67.54M	81.6M	72.4M	90.3M	102.7M	115.8M	130.8M
SG&A % of Revenue	0.03%	0.5%	0.51%	0.48%	0.53%	0.37%	0.44%	0.36%	0.36%	0.44%
Research & Development	11.11M	12.41M	5.24M	4.82M	0	0	0	0	0	30.5M
R&D % of Revenue	0.09%	0.1%	0.04%	0.03%	-	-	-	-	-	0.1%
Other Operating Expenses	0	0	-7.13M	12.84M	48.7M	83M	50.4M	40.4M	39.6M	12.8M
Operating Income+	-3.53M	5.63M	-11.9M	-7.31M	-13M	-18M	-4.5M	46.5M	38.9M	30.7M
Operating Margin %	-0.03%	0.05%	-0.1%	-0.05%	-0.08%	-0.09%	-0.02%	0.16%	0.12%	0.1%
Operating Income Growth %	-23.94%	2.6%	-3.11%	0.39%	-0.78%	-0.38%	0.75%	11.33%	-0.16%	-0.21%
EBITDA+	-3.53M	31.65M	21.91M	34.52M	30M	40.1M	48.8M	89.9M	82.3M	78.4M
EBITDA Margin %	-0.03%	0.26%	0.18%	0.24%	0.2%	0.2%	0.24%	0.32%	0.25%	0.26%
EBITDA Growth %	-1.1%	9.98%	-0.31%	0.58%	-0.13%	0.34%	0.22%	0.84%	-0.08%	-0.05%
D&A (Non-Cash Add-back)	4.24K	26.02M	33.81M	41.83M	43M	58.1M	53.3M	43.4M	43.4M	47.7M
EBIT	-3.53M	5.63M	-19.35M	37.1M	-10.5M	-24.2M	3.8M	50.7M	42.7M	34.6M
Net Interest Income+	0	0	-29.52M	-20.47M	-28.9M	-28.5M	-46M	-27.4M	-27.3M	-28.9M
Interest Income	14.52K	58.04M	55K	205K	100K	600K	0	0	3.8M	3.9M
Interest Expense	0	0	29.36M	20.68M	29M	29.1M	46M	27.4M	31.1M	32.8M
Other Income/Expense	4.24K	-65.2M	-37.03M	-26.99M	-28M	-38.4M	-37.7M	-23.2M	-27M	-28.9M
Pretax Income+	-3.53M	-59.57M	-48.93M	-20.41M	-41M	-56.4M	-42.2M	23.3M	11.9M	1.8M
Pretax Margin %	-0.03%	-0.5%	-0.4%	-0.14%	-0.27%	-0.28%	-0.21%	0.08%	0.04%	0.01%
Income Tax+	-4.24K	307K	184K	182K	100K	400K	-1.6M	2.1M	5M	-63M
Effective Tax Rate %	1%	1.01%	1%	1.01%	1%	1.01%	0.96%	0.91%	0.58%	36%
Net Income+	-3.53M	-59.88M	-49.11M	-20.6M	-41.1M	-56.8M	-40.6M	21.2M	6.9M	64.8M
Net Margin %	-0.03%	-0.5%	-0.4%	-0.15%	-0.27%	-0.29%	-0.2%	0.07%	0.02%	0.22%
Net Income Growth %	-23.92%	-15.98%	0.18%	0.58%	-1%	-0.38%	0.29%	1.52%	-0.67%	8.39%
Net Income (Continuing)	-3.53M	-59.88M	-49.11M	-20.6M	-41.1M	-56.8M	-40.6M	21.2M	6.9M	64.8M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.27	-19.33	-2.68	-0.91	-1.69	-1.45	-1.66	0.71	0.26	2.22
EPS Growth %	-24%	-14.22%	0.86%	0.66%	-0.86%	0.14%	-0.14%	1.43%	-0.63%	7.54%
EPS (Basic)	-1.27	-19.33	-2.68	-0.99	-1.69	-1.45	-1.66	0.73	0.27	2.27
Diluted Shares Outstanding	2.79M	3.1M	18.3M	22.55M	21.89M	22.4M	24.4M	29.09M	29.21M	29.2M
Basic Shares Outstanding	2.79M	3.1M	18.3M	20.75M	21.89M	22.4M	24.4M	28.05M	28.07M	28.52M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Sep 2016	Sep 2017	Sep 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	318.83K	44.74M	63.2M	58.55M	95.3M	109M	124.1M	126.9M	155.7M	159.9M
Cash & Short-Term Investments	256.24K	1.49M	20.03M	22.45M	29.1M	47.1M	47.8M	25M	40M	29.3M
Cash Only	256.24K	1.49M	20.03M	22.45M	29.1M	47.1M	47.8M	25M	40M	29.3M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	0	26.8M	30.01M	22.43M	39.5M	35.7M	49.3M	58.4M	67.8M	92.6M
Days Sales Outstanding	-	81.68	89.39	57.9	93.99	65.71	87.44	74.92	76.64	113.76
Inventory	8.3M	7.68M	5.01M	5.21M	18.8M	17.6M	15.5M	30.3M	32.3M	28M
Days Inventory Outstanding	857.9	137.39	68.54	61.78	190.08	105.48	81.29	116.54	91.68	110.73
Other Current Assets	0	8.77M	0	5.56M	0	0	-800K	-700K	15.6M	10M
Total Non-Current Assets+	80.01M	145.13M	155.82M	149.36M	232.1M	215.1M	184.6M	160.3M	187.3M	278.5M
Property, Plant & Equipment	75.79M	49.23M	43.48M	45.71M	88.7M	78M	70.8M	61.1M	74.9M	91.3M
Fixed Asset Turnover	1.68x	2.43x	2.82x	3.09x	1.73x	2.54x	2.91x	4.66x	4.31x	3.25x
Goodwill	53.44M	45.7M	47.08M	45.82M	80.9M	83.7M	62.2M	55.5M	58.8M	57.8M
Intangible Assets	48.58M	49.19M	55.67M	45.72M	56.8M	50.1M	37M	32.9M	33.7M	38.5M
Long-Term Investments	80.01M	0	0	2.21M	600K	0	0	0	0	0
Other Non-Current Assets	1.5K	1M	9.59M	12.11M	5.1M	3.3M	14.6M	10.8M	19.9M	23.5M
Total Assets+	80.33M	189.87M	219.02M	207.91M	327.4M	324.1M	308.7M	287.2M	343M	438.4M
Asset Turnover	1.59x	0.63x	0.56x	0.68x	0.47x	0.61x	0.67x	0.99x	0.94x	0.68x
Asset Growth %	-0.01%	1.36%	0.15%	-0.05%	0.57%	-0.01%	-0.05%	-0.07%	0.19%	0.28%
Total Current Liabilities+	2.65M	58.8M	61.22M	52.34M	88.1M	94.9M	81.9M	74.9M	100.7M	104M
Accounts Payable	0	13.66M	20.41M	14.4M	22.2M	15.8M	20.8M	23.7M	41.9M	29.3M
Days Payables Outstanding	-	244.28	279.14	170.76	224.46	94.7	109.08	91.15	118.92	115.87
Short-Term Debt	0	10.08M	7.93M	474K	2.6M	0	0	0	19.1M	18.8M
Deferred Revenue (Current)	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	-19.29M	35.06M	8.9M	14.93M	11.8M	17.6M	3.5M	200K	600K	0
Current Ratio	0.12x	0.76x	1.03x	1.12x	1.08x	1.15x	1.52x	1.69x	1.55x	1.54x
Quick Ratio	-3.02x	0.63x	0.95x	1.02x	0.87x	0.96x	1.33x	1.29x	1.23x	1.27x
Cash Conversion Cycle	-	-25.2	-121.21	-51.08	59.61	76.5	59.64	100.31	49.39	108.62
Total Non-Current Liabilities+	2.8M	427.14M	160.13M	168.04M	298.6M	330.9M	335.5M	297.9M	318.2M	337.7M
Long-Term Debt	0	402.49M	115.93M	131.2M	270.5M	297.5M	309M	277.6M	295.6M	292.2M
Capital Lease Obligations	0	0	532K	69K	5.2M	9.4M	17.9M	13.5M	11.4M	30.3M
Deferred Tax Liabilities	0	0	7.33M	-127.45M	0	0	0	0	0	0
Other Non-Current Liabilities	2.8M	24.64M	23.53M	12.82M	5.2M	12.6M	3.1M	4M	4.1M	2.4M
Total Liabilities	5.45M	485.94M	221.35M	220.38M	386.7M	425.8M	417.4M	372.8M	418.9M	441.7M
Total Debt+	422.38M	412.57M	123.86M	131.77M	282M	311.1M	332.2M	296M	331.5M	350.8M
Net Debt	422.13M	411.09M	103.83M	109.32M	252.9M	264M	284.4M	271M	291.5M	321.5M
Debt / Equity	5.64x	-	-	-	-	-	-	-	-	-
Debt / EBITDA	-	13.03x	5.65x	3.82x	9.40x	7.76x	6.81x	3.29x	4.03x	4.47x
Net Debt / EBITDA	-	12.99x	4.74x	3.17x	8.43x	6.58x	5.83x	3.01x	3.54x	4.10x
Interest Coverage	-	-	-0.41x	-0.35x	-0.45x	-0.62x	-0.10x	1.70x	1.25x	0.94x
Total Equity+	74.88M	-296.07M	-2.33M	-12.47M	-59.3M	-101.7M	-108.7M	-85.6M	-75.9M	-3.3M
Equity Growth %	-0.04%	-4.95%	0.99%	-4.35%	-3.76%	-0.72%	-0.07%	0.21%	0.11%	0.96%
Book Value per Share	26.87	-95.56	-0.13	-0.55	-2.71	-4.54	-4.45	-2.94	-2.60	-0.11
Total Shareholders' Equity	74.88M	-296.07M	-2.33M	-12.47M	-59.3M	-101.7M	-108.7M	-85.6M	-75.9M	-3.3M
Common Stock	69.88M	1K	2K	2K	0	0	0	0	0	0
Retained Earnings	-3.67M	-329.79M	-378.9M	-399.5M	-425M	-457.4M	-524.8M	-514.6M	-506.3M	-441.5M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-7.54M	33.1M	53.15M	58.58M	45.1M	31.1M	43.8M	50.8M	44.3M	48.3M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Sep 2016	Sep 2017	Sep 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-866.93K	18.65M	18.25M	34.22M	30.7M	52.9M	6.2M	34.8M	45.5M	31.7M
Operating CF Margin %	-0.01%	0.16%	0.15%	0.24%	0.2%	0.27%	0.03%	0.12%	0.14%	0.11%
Operating CF Growth %	-3.8%	22.51%	-0.02%	0.87%	-0.1%	0.72%	-0.88%	4.61%	0.31%	-0.3%
Net Income	-3.53M	-59.88M	-49.11M	-20.6M	-37M	-29.2M	-36.7M	22.3M	7.6M	64.8M
Depreciation & Amortization	31.13M	26.02M	33.81M	41.83M	43M	55.9M	50.3M	40M	43.7M	47.7M
Stock-Based Compensation	0	0	4.24M	7.12M	9M	4.8M	13M	10.8M	11.2M	7.6M
Deferred Taxes	0	0	1.23M	9.82M	-4.3M	7.2M	-4M	0	0	-69.4M
Other Non-Cash Items	-4.24K	50.73M	24.34M	-1.96M	11.3M	3.4M	17.2M	2.5M	-8M	-400K
Working Capital Changes	2.66M	1.78M	3.75M	-2M	8.7M	10.8M	-33.6M	-40.8M	-9M	-18.6M
Change in Receivables	1.63M	6.7M	-4.57M	5.34M	3.3M	-2.9M	-4.9M	-12M	1.7M	-22.7M
Change in Inventory	-1.94M	-607K	2.74M	-448K	2M	1.3M	1.6M	-16M	-400K	3.8M
Change in Payables	2.56M	0	10.5M	-4.05M	6.9M	-4.8M	2.8M	7.5M	4.5M	-10.5M
Cash from Investing+	-39.2M	-31.9M	-35.38M	-42.93M	-133.4M	-29.9M	-37.9M	-40.4M	-48.4M	-40.1M
Capital Expenditures	-22.08M	-9.48M	-35.38M	-42.93M	-27.5M	-29.9M	-25.4M	-39.8M	-32.8M	-17M
CapEx % of Revenue	0.17%	0.08%	0.29%	0.3%	0.18%	0.15%	0.12%	0.14%	0.1%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-17.12M	-22.42M	-20.27M	-17.6M	0	0	0	0	-15.6M	-23.1M
Cash from Financing+	-109	11.05M	34.55M	11.15M	113.5M	-8.2M	31.2M	-11.1M	16.2M	-1.6M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	11.05M	36.66M	-4.65M	-15.2M	-3.1M	-11.2M	-100K	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-22.95M	9.17M	-17.13M	-8.72M	3.2M	23M	-19.2M	-5M	-2.3M	2.9M
FCF Margin %	-0.18%	0.08%	-0.14%	-0.06%	0.02%	0.12%	-0.09%	-0.02%	-0.01%	0.01%
FCF Growth %	0.45%	1.4%	-2.87%	0.49%	1.37%	6.19%	-1.83%	0.74%	0.54%	2.26%
FCF per Share	-8.23	2.96	-0.94	-0.39	0.15	1.03	-0.79	-0.17	-0.08	0.10
FCF Conversion (FCF/Net Income)	0.25x	-0.31x	-0.37x	-1.66x	-0.75x	-0.93x	-0.15x	1.64x	6.59x	0.49x
Interest Paid	0	0	10.5M	0	0	13.3M	30.8M	0	24M	26.6M
Taxes Paid	8.72K	0	356K	0	0	200K	1.2M	0	5M	2.5M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-4.6%	-	-	-	-	-	-	-	-	-
Return on Invested Capital (ROIC)	-0.92%	1.38%	-8.24%	-5.53%	-6.71%	-7.59%	-2%	19.32%	14.55%	8.63%
Gross Margin	97.23%	82.96%	78.22%	78.23%	76.47%	69.29%	66.18%	66.64%	60.17%	68.93%
Net Margin	-2.76%	-49.99%	-40.08%	-14.57%	-26.79%	-28.64%	-19.73%	7.45%	2.14%	21.81%
Debt / Equity	5.64x	-	-	-	-	-	-	-	-	-
Interest Coverage	-	-	-0.41x	-0.35x	-0.45x	-0.62x	-0.10x	1.70x	1.25x	0.94x
FCF Conversion	0.25x	-0.31x	-0.37x	-1.66x	-0.75x	-0.93x	-0.15x	1.64x	6.59x	0.49x
Revenue Growth	-13.1%	-6.11%	2.31%	15.37%	8.5%	29.27%	3.78%	38.24%	13.5%	-7.99%

Revenue by Segment

	2017	2020	2021	2022	2023	2024
Service	-	178.7M	183.3M	251.8M	261.2M	258.6M
Service Growth	-	-	2.57%	37.37%	3.73%	-1.00%
Product Sales	-	-	25.6M	33.6M	61.8M	38.5M
Product Sales Growth	-	-	-	31.25%	83.93%	-37.70%
ProductSalesMember	-	21.1M	-	-	-	-
ProductSalesMember Growth	-	-	-	-	-	-
Server Based Gaming	89.12M	-	-	-	-	-
Server Based Gaming Growth	-	-	-	-	-	-
Virtual Sports	33.42M	-	-	-	-	-
Virtual Sports Growth	-	-	-	-	-	-

Revenue by Geography

	2017	2020	2021	2022	2023	2024
World	14.29M	-	41.2M	53M	-	58.8M
World Growth	-	-	-	28.64%	-	-
GREECE	-	-	18.6M	22.9M	24.3M	21.3M
GREECE Growth	-	-	-	23.12%	6.11%	-12.35%
Rest Of World	-	-	-	-	47.8M	-
Rest Of World Growth	-	-	-	-	-	-
RestOfWorldMember	-	22M	-	-	-	-
RestOfWorldMember Growth	-	-	-	-	-	-
UK	79.99M	-	-	-	-	-
UK Growth	-	-	-	-	-	-
Italy	16.6M	-	-	-	-	-
Italy Growth	-	-	-	-	-	-
Greece	11.67M	-	-	-	-	-
Greece Growth	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Inspired Entertainment, Inc. (INSE) has a price-to-earnings (P/E) ratio of 4.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Inspired Entertainment, Inc. (INSE) reported $307.3M in revenue for fiscal year 2024. This represents a 112% increase from $145.0M in 2012.

Inspired Entertainment, Inc. (INSE) saw revenue decline by 8.0% over the past year.

Yes, Inspired Entertainment, Inc. (INSE) is profitable, generating $55.3M in net income for fiscal year 2024 (21.8% net margin).

Dividend & Returns

Inspired Entertainment, Inc. (INSE) generated $25.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...

Inspired Entertainment, Inc. (INSE) 10-Year Financial Performance & Capital Metrics

INSE • • Industrial / General

Consumer CyclicalCasinos & GamingGaming Technology & ServicesGaming Equipment & Content Providers

Revenue $297M -8.0%
EBITDA $78M -4.7%
Net Income $65M +839.1%
EPS (Diluted) 2.22 +753.8%
Gross Margin 68.93% +14.6%
EBITDA Margin 26.39% +3.5%
Operating Margin 10.33% -14.2%
Net Margin 21.81% +920.7%
ROE -
ROIC 8.63% -40.7%
Debt/Equity -
Interest Coverage 0.94 -25.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 14.1%

✗Weaknesses

✗Low quality earnings: Net income not backed by cash flow

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y7.3%

5Y14.13%

3Y13.02%

TTM3.71%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM3556.25%

EPS CAGR

10Y-

5Y-

3Y-

TTM470.36%

ROCE

10Y Avg2.07%

5Y Avg7.86%

3Y Avg16.31%

Latest10.65%

Peer Comparison

Gaming Equipment & Content Providers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LNWLight & Wonder, Inc.	9.8B	120.26	32.68	9.86%	12.39%	55.19%	3.45%	6.16
INSEInspired Entertainment, Inc.	253.38M	9.41	4.24	-7.99%	18%		1.14%

Profit & Loss

	Dec 2015	Sep 2016	Sep 2017	Sep 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	127.57M	119.77M	122.54M	141.38M	153.4M	198.3M	205.8M	284.5M	322.9M	297.1M
Revenue Growth %	-0.13%	-0.06%	0.02%	0.15%	0.09%	0.29%	0.04%	0.38%	0.13%	-0.08%
Cost of Goods Sold+	3.53M	20.41M	26.68M	30.78M	36.1M	60.9M	69.6M	94.9M	128.6M	92.3M
COGS % of Revenue	0.03%	0.17%	0.22%	0.22%	0.24%	0.31%	0.34%	0.33%	0.4%	0.31%
Gross Profit+	124.04M	99.36M	95.86M	110.6M	117.3M	137.4M	136.2M	189.6M	194.3M	204.8M
Gross Margin %	0.97%	0.83%	0.78%	0.78%	0.76%	0.69%	0.66%	0.67%	0.6%	0.69%
Gross Profit Growth %	0.28%	-0.2%	-0.04%	0.15%	0.06%	0.17%	-0.01%	0.39%	0.02%	0.05%
Operating Expenses+	3.53M	100.89M	96.35M	109.37M	130.3M	155.4M	140.7M	143.1M	155.4M	174.1M
OpEx % of Revenue	0.03%	0.84%	0.79%	0.77%	0.85%	0.78%	0.68%	0.5%	0.48%	0.59%
Selling, General & Admin	3.53M	59.87M	62.54M	67.54M	81.6M	72.4M	90.3M	102.7M	115.8M	130.8M
SG&A % of Revenue	0.03%	0.5%	0.51%	0.48%	0.53%	0.37%	0.44%	0.36%	0.36%	0.44%
Research & Development	11.11M	12.41M	5.24M	4.82M	0	0	0	0	0	30.5M
R&D % of Revenue	0.09%	0.1%	0.04%	0.03%	-	-	-	-	-	0.1%
Other Operating Expenses	0	0	-7.13M	12.84M	48.7M	83M	50.4M	40.4M	39.6M	12.8M
Operating Income+	-3.53M	5.63M	-11.9M	-7.31M	-13M	-18M	-4.5M	46.5M	38.9M	30.7M
Operating Margin %	-0.03%	0.05%	-0.1%	-0.05%	-0.08%	-0.09%	-0.02%	0.16%	0.12%	0.1%
Operating Income Growth %	-23.94%	2.6%	-3.11%	0.39%	-0.78%	-0.38%	0.75%	11.33%	-0.16%	-0.21%
EBITDA+	-3.53M	31.65M	21.91M	34.52M	30M	40.1M	48.8M	89.9M	82.3M	78.4M
EBITDA Margin %	-0.03%	0.26%	0.18%	0.24%	0.2%	0.2%	0.24%	0.32%	0.25%	0.26%
EBITDA Growth %	-1.1%	9.98%	-0.31%	0.58%	-0.13%	0.34%	0.22%	0.84%	-0.08%	-0.05%
D&A (Non-Cash Add-back)	4.24K	26.02M	33.81M	41.83M	43M	58.1M	53.3M	43.4M	43.4M	47.7M
EBIT	-3.53M	5.63M	-19.35M	37.1M	-10.5M	-24.2M	3.8M	50.7M	42.7M	34.6M
Net Interest Income+	0	0	-29.52M	-20.47M	-28.9M	-28.5M	-46M	-27.4M	-27.3M	-28.9M
Interest Income	14.52K	58.04M	55K	205K	100K	600K	0	0	3.8M	3.9M
Interest Expense	0	0	29.36M	20.68M	29M	29.1M	46M	27.4M	31.1M	32.8M
Other Income/Expense	4.24K	-65.2M	-37.03M	-26.99M	-28M	-38.4M	-37.7M	-23.2M	-27M	-28.9M
Pretax Income+	-3.53M	-59.57M	-48.93M	-20.41M	-41M	-56.4M	-42.2M	23.3M	11.9M	1.8M
Pretax Margin %	-0.03%	-0.5%	-0.4%	-0.14%	-0.27%	-0.28%	-0.21%	0.08%	0.04%	0.01%
Income Tax+	-4.24K	307K	184K	182K	100K	400K	-1.6M	2.1M	5M	-63M
Effective Tax Rate %	1%	1.01%	1%	1.01%	1%	1.01%	0.96%	0.91%	0.58%	36%
Net Income+	-3.53M	-59.88M	-49.11M	-20.6M	-41.1M	-56.8M	-40.6M	21.2M	6.9M	64.8M
Net Margin %	-0.03%	-0.5%	-0.4%	-0.15%	-0.27%	-0.29%	-0.2%	0.07%	0.02%	0.22%
Net Income Growth %	-23.92%	-15.98%	0.18%	0.58%	-1%	-0.38%	0.29%	1.52%	-0.67%	8.39%
Net Income (Continuing)	-3.53M	-59.88M	-49.11M	-20.6M	-41.1M	-56.8M	-40.6M	21.2M	6.9M	64.8M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.27	-19.33	-2.68	-0.91	-1.69	-1.45	-1.66	0.71	0.26	2.22
EPS Growth %	-24%	-14.22%	0.86%	0.66%	-0.86%	0.14%	-0.14%	1.43%	-0.63%	7.54%
EPS (Basic)	-1.27	-19.33	-2.68	-0.99	-1.69	-1.45	-1.66	0.73	0.27	2.27
Diluted Shares Outstanding	2.79M	3.1M	18.3M	22.55M	21.89M	22.4M	24.4M	29.09M	29.21M	29.2M
Basic Shares Outstanding	2.79M	3.1M	18.3M	20.75M	21.89M	22.4M	24.4M	28.05M	28.07M	28.52M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Sep 2016	Sep 2017	Sep 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	318.83K	44.74M	63.2M	58.55M	95.3M	109M	124.1M	126.9M	155.7M	159.9M
Cash & Short-Term Investments	256.24K	1.49M	20.03M	22.45M	29.1M	47.1M	47.8M	25M	40M	29.3M
Cash Only	256.24K	1.49M	20.03M	22.45M	29.1M	47.1M	47.8M	25M	40M	29.3M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	0	26.8M	30.01M	22.43M	39.5M	35.7M	49.3M	58.4M	67.8M	92.6M
Days Sales Outstanding	-	81.68	89.39	57.9	93.99	65.71	87.44	74.92	76.64	113.76
Inventory	8.3M	7.68M	5.01M	5.21M	18.8M	17.6M	15.5M	30.3M	32.3M	28M
Days Inventory Outstanding	857.9	137.39	68.54	61.78	190.08	105.48	81.29	116.54	91.68	110.73
Other Current Assets	0	8.77M	0	5.56M	0	0	-800K	-700K	15.6M	10M
Total Non-Current Assets+	80.01M	145.13M	155.82M	149.36M	232.1M	215.1M	184.6M	160.3M	187.3M	278.5M
Property, Plant & Equipment	75.79M	49.23M	43.48M	45.71M	88.7M	78M	70.8M	61.1M	74.9M	91.3M
Fixed Asset Turnover	1.68x	2.43x	2.82x	3.09x	1.73x	2.54x	2.91x	4.66x	4.31x	3.25x
Goodwill	53.44M	45.7M	47.08M	45.82M	80.9M	83.7M	62.2M	55.5M	58.8M	57.8M
Intangible Assets	48.58M	49.19M	55.67M	45.72M	56.8M	50.1M	37M	32.9M	33.7M	38.5M
Long-Term Investments	80.01M	0	0	2.21M	600K	0	0	0	0	0
Other Non-Current Assets	1.5K	1M	9.59M	12.11M	5.1M	3.3M	14.6M	10.8M	19.9M	23.5M
Total Assets+	80.33M	189.87M	219.02M	207.91M	327.4M	324.1M	308.7M	287.2M	343M	438.4M
Asset Turnover	1.59x	0.63x	0.56x	0.68x	0.47x	0.61x	0.67x	0.99x	0.94x	0.68x
Asset Growth %	-0.01%	1.36%	0.15%	-0.05%	0.57%	-0.01%	-0.05%	-0.07%	0.19%	0.28%
Total Current Liabilities+	2.65M	58.8M	61.22M	52.34M	88.1M	94.9M	81.9M	74.9M	100.7M	104M
Accounts Payable	0	13.66M	20.41M	14.4M	22.2M	15.8M	20.8M	23.7M	41.9M	29.3M
Days Payables Outstanding	-	244.28	279.14	170.76	224.46	94.7	109.08	91.15	118.92	115.87
Short-Term Debt	0	10.08M	7.93M	474K	2.6M	0	0	0	19.1M	18.8M
Deferred Revenue (Current)	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	-19.29M	35.06M	8.9M	14.93M	11.8M	17.6M	3.5M	200K	600K	0
Current Ratio	0.12x	0.76x	1.03x	1.12x	1.08x	1.15x	1.52x	1.69x	1.55x	1.54x
Quick Ratio	-3.02x	0.63x	0.95x	1.02x	0.87x	0.96x	1.33x	1.29x	1.23x	1.27x
Cash Conversion Cycle	-	-25.2	-121.21	-51.08	59.61	76.5	59.64	100.31	49.39	108.62
Total Non-Current Liabilities+	2.8M	427.14M	160.13M	168.04M	298.6M	330.9M	335.5M	297.9M	318.2M	337.7M
Long-Term Debt	0	402.49M	115.93M	131.2M	270.5M	297.5M	309M	277.6M	295.6M	292.2M
Capital Lease Obligations	0	0	532K	69K	5.2M	9.4M	17.9M	13.5M	11.4M	30.3M
Deferred Tax Liabilities	0	0	7.33M	-127.45M	0	0	0	0	0	0
Other Non-Current Liabilities	2.8M	24.64M	23.53M	12.82M	5.2M	12.6M	3.1M	4M	4.1M	2.4M
Total Liabilities	5.45M	485.94M	221.35M	220.38M	386.7M	425.8M	417.4M	372.8M	418.9M	441.7M
Total Debt+	422.38M	412.57M	123.86M	131.77M	282M	311.1M	332.2M	296M	331.5M	350.8M
Net Debt	422.13M	411.09M	103.83M	109.32M	252.9M	264M	284.4M	271M	291.5M	321.5M
Debt / Equity	5.64x	-	-	-	-	-	-	-	-	-
Debt / EBITDA	-	13.03x	5.65x	3.82x	9.40x	7.76x	6.81x	3.29x	4.03x	4.47x
Net Debt / EBITDA	-	12.99x	4.74x	3.17x	8.43x	6.58x	5.83x	3.01x	3.54x	4.10x
Interest Coverage	-	-	-0.41x	-0.35x	-0.45x	-0.62x	-0.10x	1.70x	1.25x	0.94x
Total Equity+	74.88M	-296.07M	-2.33M	-12.47M	-59.3M	-101.7M	-108.7M	-85.6M	-75.9M	-3.3M
Equity Growth %	-0.04%	-4.95%	0.99%	-4.35%	-3.76%	-0.72%	-0.07%	0.21%	0.11%	0.96%
Book Value per Share	26.87	-95.56	-0.13	-0.55	-2.71	-4.54	-4.45	-2.94	-2.60	-0.11
Total Shareholders' Equity	74.88M	-296.07M	-2.33M	-12.47M	-59.3M	-101.7M	-108.7M	-85.6M	-75.9M	-3.3M
Common Stock	69.88M	1K	2K	2K	0	0	0	0	0	0
Retained Earnings	-3.67M	-329.79M	-378.9M	-399.5M	-425M	-457.4M	-524.8M	-514.6M	-506.3M	-441.5M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-7.54M	33.1M	53.15M	58.58M	45.1M	31.1M	43.8M	50.8M	44.3M	48.3M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Sep 2016	Sep 2017	Sep 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-866.93K	18.65M	18.25M	34.22M	30.7M	52.9M	6.2M	34.8M	45.5M	31.7M
Operating CF Margin %	-0.01%	0.16%	0.15%	0.24%	0.2%	0.27%	0.03%	0.12%	0.14%	0.11%
Operating CF Growth %	-3.8%	22.51%	-0.02%	0.87%	-0.1%	0.72%	-0.88%	4.61%	0.31%	-0.3%
Net Income	-3.53M	-59.88M	-49.11M	-20.6M	-37M	-29.2M	-36.7M	22.3M	7.6M	64.8M
Depreciation & Amortization	31.13M	26.02M	33.81M	41.83M	43M	55.9M	50.3M	40M	43.7M	47.7M
Stock-Based Compensation	0	0	4.24M	7.12M	9M	4.8M	13M	10.8M	11.2M	7.6M
Deferred Taxes	0	0	1.23M	9.82M	-4.3M	7.2M	-4M	0	0	-69.4M
Other Non-Cash Items	-4.24K	50.73M	24.34M	-1.96M	11.3M	3.4M	17.2M	2.5M	-8M	-400K
Working Capital Changes	2.66M	1.78M	3.75M	-2M	8.7M	10.8M	-33.6M	-40.8M	-9M	-18.6M
Change in Receivables	1.63M	6.7M	-4.57M	5.34M	3.3M	-2.9M	-4.9M	-12M	1.7M	-22.7M
Change in Inventory	-1.94M	-607K	2.74M	-448K	2M	1.3M	1.6M	-16M	-400K	3.8M
Change in Payables	2.56M	0	10.5M	-4.05M	6.9M	-4.8M	2.8M	7.5M	4.5M	-10.5M
Cash from Investing+	-39.2M	-31.9M	-35.38M	-42.93M	-133.4M	-29.9M	-37.9M	-40.4M	-48.4M	-40.1M
Capital Expenditures	-22.08M	-9.48M	-35.38M	-42.93M	-27.5M	-29.9M	-25.4M	-39.8M	-32.8M	-17M
CapEx % of Revenue	0.17%	0.08%	0.29%	0.3%	0.18%	0.15%	0.12%	0.14%	0.1%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-17.12M	-22.42M	-20.27M	-17.6M	0	0	0	0	-15.6M	-23.1M
Cash from Financing+	-109	11.05M	34.55M	11.15M	113.5M	-8.2M	31.2M	-11.1M	16.2M	-1.6M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	11.05M	36.66M	-4.65M	-15.2M	-3.1M	-11.2M	-100K	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-22.95M	9.17M	-17.13M	-8.72M	3.2M	23M	-19.2M	-5M	-2.3M	2.9M
FCF Margin %	-0.18%	0.08%	-0.14%	-0.06%	0.02%	0.12%	-0.09%	-0.02%	-0.01%	0.01%
FCF Growth %	0.45%	1.4%	-2.87%	0.49%	1.37%	6.19%	-1.83%	0.74%	0.54%	2.26%
FCF per Share	-8.23	2.96	-0.94	-0.39	0.15	1.03	-0.79	-0.17	-0.08	0.10
FCF Conversion (FCF/Net Income)	0.25x	-0.31x	-0.37x	-1.66x	-0.75x	-0.93x	-0.15x	1.64x	6.59x	0.49x
Interest Paid	0	0	10.5M	0	0	13.3M	30.8M	0	24M	26.6M
Taxes Paid	8.72K	0	356K	0	0	200K	1.2M	0	5M	2.5M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-4.6%	-	-	-	-	-	-	-	-	-
Return on Invested Capital (ROIC)	-0.92%	1.38%	-8.24%	-5.53%	-6.71%	-7.59%	-2%	19.32%	14.55%	8.63%
Gross Margin	97.23%	82.96%	78.22%	78.23%	76.47%	69.29%	66.18%	66.64%	60.17%	68.93%
Net Margin	-2.76%	-49.99%	-40.08%	-14.57%	-26.79%	-28.64%	-19.73%	7.45%	2.14%	21.81%
Debt / Equity	5.64x	-	-	-	-	-	-	-	-	-
Interest Coverage	-	-	-0.41x	-0.35x	-0.45x	-0.62x	-0.10x	1.70x	1.25x	0.94x
FCF Conversion	0.25x	-0.31x	-0.37x	-1.66x	-0.75x	-0.93x	-0.15x	1.64x	6.59x	0.49x
Revenue Growth	-13.1%	-6.11%	2.31%	15.37%	8.5%	29.27%	3.78%	38.24%	13.5%	-7.99%

Revenue by Segment

	2017	2020	2021	2022	2023	2024
Service	-	178.7M	183.3M	251.8M	261.2M	258.6M
Service Growth	-	-	2.57%	37.37%	3.73%	-1.00%
Product Sales	-	-	25.6M	33.6M	61.8M	38.5M
Product Sales Growth	-	-	-	31.25%	83.93%	-37.70%
ProductSalesMember	-	21.1M	-	-	-	-
ProductSalesMember Growth	-	-	-	-	-	-
Server Based Gaming	89.12M	-	-	-	-	-
Server Based Gaming Growth	-	-	-	-	-	-
Virtual Sports	33.42M	-	-	-	-	-
Virtual Sports Growth	-	-	-	-	-	-

Revenue by Geography

	2017	2020	2021	2022	2023	2024
World	14.29M	-	41.2M	53M	-	58.8M
World Growth	-	-	-	28.64%	-	-
GREECE	-	-	18.6M	22.9M	24.3M	21.3M
GREECE Growth	-	-	-	23.12%	6.11%	-12.35%
Rest Of World	-	-	-	-	47.8M	-
Rest Of World Growth	-	-	-	-	-	-
RestOfWorldMember	-	22M	-	-	-	-
RestOfWorldMember Growth	-	-	-	-	-	-
UK	79.99M	-	-	-	-	-
UK Growth	-	-	-	-	-	-
Italy	16.6M	-	-	-	-	-
Italy Growth	-	-	-	-	-	-
Greece	11.67M	-	-	-	-	-
Greece Growth	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Inspired Entertainment, Inc. (INSE) has a price-to-earnings (P/E) ratio of 4.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Inspired Entertainment, Inc. (INSE) reported $307.3M in revenue for fiscal year 2024. This represents a 112% increase from $145.0M in 2012.

Inspired Entertainment, Inc. (INSE) saw revenue decline by 8.0% over the past year.

Yes, Inspired Entertainment, Inc. (INSE) is profitable, generating $55.3M in net income for fiscal year 2024 (21.8% net margin).

Dividend & Returns

Inspired Entertainment, Inc. (INSE) generated $25.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.