Brightstar Lottery PLC (BRSL) Balance Sheet

NYSE: BRSLAssets, liabilities, debt and equity over 6 years.

BRSL balance sheet, 2025

December 31, 2025 · U.S. dollars

$9.16B assets = $7.57B liabilities + $1.59B equity

Both columns are drawn to the same scale: what BRSL owns equals what it owes plus shareholders’ equity. Hover a block for its value.

BRSL financial health

Current ratio0.76

Tight · current assets cover current liabilities 0.76×

Debt / equity4.86

High leverage · $4.86 of debt for each $1 of equity

Equity / assets9.6%

Thin equity · of assets funded by shareholders

Cash / debt34.0%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles30.9%

Acquisition-heavy · of total assets

Descriptive bands, not a rating. Fiscal 2025.

BRSL balance sheet trends, 2020–2025

Brightstar Lottery PLC balance sheet trends
Metric	Then	Latest	Change
Total assets	$12.99B2020	$9.16B2025	−6.8%/yr
Total liabilities	$11.43B2020	$7.57B2025	−7.9%/yr
Shareholders’ equity	$776.7M2020	$875.0M2025	+2.4%/yr
Cash & short-term investments	$1.11B2020	$1.45B2025	+5.5%/yr
Total debt	$8.60B2020	$4.25B2025	−13.2%/yr
Net cash (debt)	−$7.50B2020	−$2.80B2025	+$4.7B
Working capital	$825.0M2020	−$736.0M2025	−$1.6B
Book value per share	$3.792020	$4.442025	+3.2%/yr
Current ratio	1.322020	0.762025	−0.56
Debt / equity	11.082020	4.862025	−6.22
Shares outstanding	204.7M2020	197.0M2025	−0.8%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

BRSL assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

BRSL liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

BRSL debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

BRSL balance sheet

Brightstar Lottery PLC annual balance sheet
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	$1.45B	$584.0M	$508.0M	$590.0M	$591.0M	$1.11B
Cash & equivalents	$1.45B	$584.0M	$508.0M	$590.0M	$591.0M	$1.11B
Receivables	$526.0M	$489.0M	$458.0M	$1.03B	$1.39B	$1.23B
Inventory	$116.0M	$113.0M	$110.0M	$254.0M	$183.0M	$169.2M
Other current assets	$248.0M	$4.98B	$1.05B	$254.0M	$325.0M	$933.3M
Total current assets	$2.34B	$6.17B	$2.12B	$2.13B	$2.49B	$3.44B
Property, plant & equipment (net)	$860.0M	$767.0M	$799.0M	$1.27B	$1.37B	$1.52B
Goodwill & intangible assets	$2.83B	$3.22B	$3.47B	$6.76B	$7.20B	$6.29B
Long-term investments	$0	$0	$0	$0	$0	$0
Other non-current assets	$3.13B	$129.0M	$4.07B	$275.0M	$263.0M	$1.74B
Total assets	$9.16B	$10.28B	$10.46B	$10.43B	$11.32B	$12.99B
Liabilities
Accounts payable	$766.0M	$718.0M	$643.0M	$731.0M	$1.03B	$1.13B
Short-term debt	$118.0M	$232.0M	$38.0M	$98.0M	$91.0M	$448.4M
Deferred revenue	—	$36.0M	$33.0M	$91.0M	$104.0M	$107.5M
Total current liabilities	$3.07B	$2.69B	$1.69B	$1.85B	$1.91B	$2.62B
Long-term debt	$4.06B	$5.15B	$5.65B	$5.69B	$6.48B	$0
Lease obligations	$97.0M	$107.0M	$110.0M	$276.0M	$335.0M	—
Other long-term liabilities	$436.0M	$376.0M	$1.17B	$914.0M	$959.0M	$8.82B
Total liabilities	$7.57B	$8.22B	$8.51B	$8.45B	$9.35B	$11.43B
Shareholders' equity
Common stock & paid-in capital	$21.0M	$21.0M	$21.0M	$21.0M	$21.0M	$20.5M
Retained earnings (deficit)	−$513.0M	−$660.0M	−$1.01B	−$1.16B	−$1.44B	−$1.92B
Accumulated other comprehensive income	$628.0M	$516.0M	$521.0M	$529.0M	$412.0M	$329.8M
Minority interest	$715.0M	$409.0M	$510.0M	$550.0M	—	—
Total shareholders' equity	$875.0M	$1.65B	$1.44B	$1.43B	$1.28B	$776.7M
Key figures
Total debt	$4.25B	$5.47B	$5.78B	$6.03B	$6.87B	$8.60B
Net cash (debt)	−$2.80B	−$4.88B	−$5.27B	−$5.44B	−$6.27B	−$7.50B
Working capital	−$736.0M	$3.48B	$434.0M	$280.0M	$573.0M	$825.0M
Tangible book value	−$1.96B	−$1.56B	−$2.03B	−$5.33B	−$5.92B	−$5.51B
Book value per share	$4.44	$8.10	$7.11	$7.03	$6.20	$3.79
Shares outstanding	197.0M	204.0M	203.0M	203.4M	206.8M	204.7M
Current ratio	0.76	2.29	1.26	1.15	1.30	1.32
Quick ratio	0.64	0.40	0.57	0.88	1.03	0.89
Debt / equity	4.86	3.31	4.01	4.22	5.35	11.08
Equity / assets	9.6%	16.1%	13.8%	13.7%	11.3%	6.0%

Brightstar Lottery PLC quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23
Assets
Cash & short-term investments	$558.0M	$1.27B	$1.45B	$1.70B	$1.31B	$631.0M	$584.0M	$501.0M	$438.0M	$377.0M	$654.0M
Cash & equivalents	$558.0M	$1.27B	$1.45B	$1.70B	$1.31B	$631.0M	$584.0M	$501.0M	$438.0M	$377.0M	$654.0M
Receivables	$554.0M	$561.0M	$526.0M	$605.0M	$428.0M	$432.0M	$489.0M	$430.0M	$651.0M	$723.0M	$457.0M
Inventory	$132.0M	$125.0M	$116.0M	$115.0M	$117.0M	$113.0M	$113.0M	$123.0M	$310.0M	$321.0M	$110.0M
Other current assets	$119.0M	$816.0M	$248.0M	$100.0M	$5.20B	$5.04B	$4.98B	$5.00B	$564.0M	$523.0M	$902.0M
Total current assets	$1.36B	$2.78B	$2.34B	$2.52B	$7.06B	$6.21B	$6.17B	$6.05B	$1.96B	$1.94B	$2.12B
Property, plant & equipment (net)	$1.02B	$891.0M	$860.0M	$841.0M	$822.0M	$794.0M	$767.0M	$758.0M	$1.23B	$1.25B	$799.0M
Goodwill & intangible assets	$5.46B	$2.82B	$2.83B	$2.81B	$2.80B	$2.75B	$3.22B	$3.32B	$5.98B	$6.01B	$2.77B
Long-term investments	$70.0M	$68.0M	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$120.0M	$2.91B	$3.13B	$3.12B	$564.0M	$578.0M	$129.0M	$117.0M	$871.0M	$923.0M	$4.78B
Total assets	$8.04B	$9.46B	$9.16B	$9.29B	$11.24B	$10.34B	$10.28B	$10.25B	$10.04B	$10.13B	$10.46B
Liabilities
Accounts payable	$687.0M	$730.0M	$766.0M	$758.0M	$680.0M	$688.0M	$718.0M	$662.0M	$695.0M	$733.0M	$643.0M
Short-term debt	—	$229.0M	$118.0M	$151.0M	$1.86B	$216.0M	$232.0M	$274.0M	$713.0M	$721.0M	$66.0M
Deferred revenue	—	—	—	$67.0M	—	—	$36.0M	$63.0M	—	—	$33.0M
Total current liabilities	$1.24B	$3.15B	$3.07B	$3.42B	$4.13B	$2.51B	$2.69B	$2.56B	$2.33B	$2.44B	$1.69B
Long-term debt	$4.36B	$3.78B	$4.06B	$4.06B	$4.69B	$5.46B	$5.15B	$5.41B	$4.83B	$4.82B	$0
Lease obligations	$71.0M	$75.0M	$97.0M	$75.0M	$79.0M	$80.0M	$107.0M	$107.0M	$199.0M	$206.0M	—
Other long-term liabilities	$424.0M	$429.0M	$436.0M	$450.0M	$410.0M	$374.0M	$376.0M	$389.0M	$1.00B	$1.02B	$6.82B
Total liabilities	$6.02B	$7.36B	$7.57B	$7.93B	$9.23B	$8.35B	$8.22B	$8.36B	$8.16B	$8.27B	$8.51B
Shareholders' equity
Common stock & paid-in capital	$21.0M	$21.0M	$21.0M	$21.0M	$21.0M	$21.0M	$21.0M	$21.0M	$21.0M	$21.0M	$21.0M
Retained earnings (deficit)	−$443.0M	−$477.0M	−$513.0M	−$574.0M	−$691.0M	−$633.0M	−$660.0M	−$877.0M	−$885.0M	−$926.0M	−$1.01B
Accumulated other comprehensive income	$648.0M	$630.0M	$628.0M	$623.0M	$505.0M	$512.0M	$516.0M	$532.0M	$532.0M	$529.0M	$521.0M
Minority interest	$1.17B	$1.26B	$715.0M	$483.0M	$481.0M	—	—	—	—	—	—
Total shareholders' equity	$846.0M	$848.0M	$875.0M	$871.0M	$1.53B	$1.64B	$1.65B	$1.48B	$1.50B	$1.50B	$1.44B
Key figures
Total debt	$4.43B	$4.08B	$4.25B	$4.31B	$6.63B	$5.76B	$5.47B	$5.76B	$5.75B	$5.74B	$5.80B
Net cash (debt)	−$3.87B	−$2.81B	−$2.80B	−$2.61B	−$5.32B	−$5.13B	−$4.88B	−$5.26B	−$5.31B	−$5.37B	−$5.15B
Working capital	$126.0M	−$371.0M	−$736.0M	−$904.0M	$2.93B	$3.71B	$3.48B	$3.49B	−$368.0M	−$492.0M	$432.0M
Tangible book value	−$4.61B	−$1.97B	−$1.96B	−$1.94B	−$1.26B	−$1.11B	−$1.56B	−$1.84B	−$4.47B	−$4.51B	−$1.32B
Book value per share	$4.55	$4.53	$4.58	$4.44	$7.54	$8.13	$8.10	$7.34	$7.40	$7.41	$7.21
Shares outstanding	186.0M	187.0M	191.0M	196.0M	203.0M	202.0M	204.0M	202.0M	203.0M	203.0M	200.0M
Current ratio	1.10	0.88	0.76	0.74	1.71	2.48	2.29	2.36	0.84	0.80	1.26
Quick ratio	0.90	0.58	0.64	0.67	0.42	0.42	0.40	0.36	0.47	0.45	0.66
Debt / equity	5.23	4.81	4.86	4.94	4.33	3.51	3.31	3.89	3.82	3.82	4.02
Equity / assets	10.5%	9.0%	9.6%	9.4%	13.6%	15.9%	16.1%	14.5%	15.0%	14.8%	13.8%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.

BRSL financial position

At the end of fiscal 2025 (December 31, 2025), Brightstar Lottery had total assets of $9.2 billion (down 10.9% from a year earlier), total liabilities of $7.6 billion and shareholders' equity of $875.0 million. It held $1.4 billion in cash and short-term investments against $4.2 billion of debt, net debt of $2.8 billion. Its current ratio was 0.76. In the latest quarter (ended June 30, 2026) total assets were $8.0 billion and equity $846.0 million.

Related: BRSL income statement, BRSL cash flow statement, BRSL key metrics. See the BRSL stock overview for the latest quote and news.

BRSL balance sheet FAQ

What are Brightstar Lottery's total assets?

Brightstar Lottery reported total assets of $9.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $10.3 billion a year earlier.

How much debt does Brightstar Lottery have?

Brightstar Lottery had $4.2 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 4.86.

How much cash does Brightstar Lottery have?

Brightstar Lottery held $1.4 billion in cash and short-term investments at the end of fiscal 2025; with $4.2 billion of debt that is net debt of $2.8 billion.

What is Brightstar Lottery's book value?

Brightstar Lottery's shareholders' equity (book value) was $875.0 million at the end of fiscal 2025, or $4.44 per share.

What is Brightstar Lottery's current ratio?

Brightstar Lottery had current assets of $2.3 billion and current liabilities of $3.1 billion, a current ratio of 0.76 (current liabilities exceed current assets).

How much goodwill does Brightstar Lottery have?

Brightstar Lottery carried $2.8 billion of goodwill and intangible assets, 30.9% of total assets, at the end of fiscal 2025.