Inspired Entertainment, Inc. (INSE) Income Statement
INSE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsINSE revenue and net income
Where INSE's revenue goes
2025Each bar shows an amount and its share of revenue. INSE kept −5.6% of revenue as net income.
INSE profit margins
INSE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +2.4% | +2.2% | +8.9% | +9.1% |
| Gross profit | +6.2% | +4.7% | +9.6% | +5.8% |
| Operating income | +20.8% | −7.3% | — | — |
| Net income | −126.2% | — | — | — |
| EPS (diluted) | −92.7% | −62.7% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
INSE quarterly EPS vs estimates
Inspired Entertainment beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 4, 2026 (estimate $-0.01).
INSE income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $304.1M | $297.1M | $322.9M | $284.5M | $205.8M | $198.3M | $153.4M | $141.4M | $122.5M | $119.8M |
| Cost of revenue | $86.5M | $92.3M | $128.6M | $94.9M | $69.6M | $60.9M | $36.1M | $30.8M | $26.7M | $20.4M |
| Gross profit | $217.6M | $204.8M | $194.3M | $189.6M | $136.2M | $137.4M | $117.3M | $110.6M | $95.9M | $99.4M |
| Research & development | $19.4M | $30.5M | $18.3M | $18.3M | $19.7M | $22.5M | $3.8M | $4.8M | $5.2M | $12.4M |
| Sales, general & admin | $128.1M | $130.8M | $115.5M | $126.4M | $110.2M | $106.8M | $81.6M | $67.5M | $62.5M | $60.7M |
| Total operating expenses | $180.5M | $174.1M | $155.4M | $143.1M | $140.7M | $155.4M | $130.3M | $109.4M | $96.3M | $100.9M |
| Operating income | $37.1M | $30.7M | $38.9M | $46.5M | −$4.5M | −$18.0M | −$13.0M | −$7.3M | −$11.9M | $5.6M |
| Interest income | — | — | — | $1.1M | — | $600,000 | $100,000 | $205,000 | $55,000 | — |
| Interest expense | $40.9M | $32.8M | $31.1M | $27.4M | $46.0M | $29.1M | $29.0M | $20.7M | $29.4M | $0 |
| Income before taxes | −$5.9M | $1.8M | $11.9M | $23.3M | −$42.2M | −$56.4M | −$41.0M | −$20.4M | −$48.9M | −$59.6M |
| Income taxes | $11.1M | −$63.0M | $5.0M | $2.1M | −$1.6M | $400,000 | $100,000 | $182,000 | $184,000 | $307,000 |
| Net income | −$17.0M | $64.8M | $6.9M | $21.2M | −$40.6M | −$56.8M | −$41.1M | −$20.6M | −$49.1M | −$59.9M |
| EBITDA | $92.1M | $82.3M | $86.1M | $94.1M | $57.1M | $33.9M | $32.5M | $42.1M | $14.5M | $31.7M |
| EPS (diluted) | $0.04 | $0.55 | $0.70 | $0.77 | −$2.43 | −$1.26 | −$1.33 | −$0.63 | −$1.38 | −$2.65 |
| Gross margin | 71.6% | 68.9% | 60.2% | 66.6% | 66.2% | 69.3% | 76.5% | 78.2% | 78.2% | 83.0% |
| Operating margin | 12.2% | 10.3% | 12.0% | 16.3% | −2.2% | −9.1% | −8.5% | −5.2% | −9.7% | 4.7% |
| Net margin | −5.6% | 21.8% | 2.1% | 7.5% | −19.7% | −28.6% | −26.8% | −14.6% | −40.1% | −50.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $60.8M | $57.2M | $77.2M | $86.2M | $80.3M | $60.4M | $80.4M | $78.0M | $74.8M | $62.3M | $97.5M | $97.5M |
| Cost of revenue | $12.2M | $11.2M | $31.0M | $25.7M | $25.2M | $17.9M | $23.7M | $23.4M | $24.8M | $20.4M | $48.1M | $48.1M |
| Gross profit | $48.6M | $46.0M | $46.2M | $60.5M | $55.1M | $42.5M | $56.7M | $54.6M | $50.0M | $41.9M | $49.4M | $49.4M |
| Research & development | — | — | — | — | — | — | $30.5M | — | — | $27.8M | $15.9M | — |
| Sales, general & admin | $24.2M | $24.3M | $34.2M | $31.7M | $31.9M | $30.3M | $34.4M | $31.4M | $30.8M | $34.4M | $34.4M | $26.9M |
| Total operating expenses | $38.7M | $36.8M | $34.3M | $44.9M | $47.2M | $40.9M | $45.9M | $42.7M | $41.3M | $44.0M | $37.2M | $85.3M |
| Operating income | $9.9M | $9.2M | $11.9M | $15.6M | $7.9M | $1.6M | $10.8M | $11.9M | $8.7M | −$2.1M | $12.2M | $12.2M |
| Interest expense | $9.5M | $11.4M | $10.7M | $13.5M | $8.0M | $7.9M | $9.2M | $8.5M | $6.6M | $6.5M | $6.9M | $7.7M |
| Income before taxes | $600,000 | −$1.2M | $900,000 | −$2.6M | $1.0M | −$5.2M | $2.5M | $4.4M | $2.2M | −$8.5M | $5.4M | $5.4M |
| Income taxes | $400,000 | −$700,000 | $8.1M | −$700,000 | $8.8M | −$5.1M | −$62.6M | $1.0M | $800,000 | −$2.1M | $2.0M | — |
| Net income | $200,000 | −$500,000 | −$7.2M | −$1.9M | −$7.8M | −$100,000 | $65.1M | $3.4M | $1.4M | −$6.4M | $3.4M | $3.4M |
| EBITDA | $25.2M | $23.2M | $26.7M | $25.7M | $24.5M | $14.1M | $24.3M | $25.5M | $21.0M | $9.8M | $24.3M | — |
| EPS (diluted) | $0.05 | −$0.02 | −$0.18 | $0.28 | −$0.19 | $0.13 | $0.16 | $0.21 | $0.20 | −$0.02 | $0.12 | $0.27 |
| Gross margin | 79.9% | 80.4% | 59.8% | 70.2% | 68.6% | 70.4% | 70.5% | 70.0% | 66.8% | 67.3% | 50.7% | 50.7% |
| Operating margin | 16.3% | 16.1% | 15.4% | 18.1% | 9.8% | 2.6% | 13.4% | 15.3% | 11.6% | −3.4% | 12.5% | 12.5% |
| Net margin | 0.3% | −0.9% | −9.3% | −2.2% | −9.7% | −0.2% | 81.0% | 4.4% | 1.9% | −10.3% | 3.5% | 3.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in INSE's financial statements (latest annual report filed March 10, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
INSE financial results
In fiscal year 2025 (ended December 31, 2025), Inspired Entertainment reported revenue of $304.1 million, up 2.4% from the year before. It had a net loss of $17.0 million, a net profit margin of −5.6%. Diluted earnings per share came to $0.04. Over five years revenue grew at an average rate of 8.9% a year.
See the INSE stock overview for the latest quote and news, or the INSE chart for price history and technical indicators.
INSE income statement FAQ
What is Inspired Entertainment's annual revenue?
Inspired Entertainment reported total revenue of $304.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 2.4% from $297.1 million the previous year.
Is Inspired Entertainment profitable?
No. Inspired Entertainment reported a net loss of $17.0 million in fiscal 2025, a net profit margin of −5.6%; its operating margin was 12.2%.
What is Inspired Entertainment's gross margin?
Inspired Entertainment's gross margin was 71.6% in fiscal 2025: for every $100 of revenue, Inspired Entertainment kept $72 after the direct cost of its products and services.
How much does Inspired Entertainment spend on research and development?
Inspired Entertainment spent $19.4 million on research and development in fiscal 2025, 6.4% of revenue.
How fast is Inspired Entertainment growing?
Revenue grew 8.9% a year on average over the last five fiscal years, from $198.3 million to $304.1 million.
What are Inspired Entertainment's earnings per share?
Inspired Entertainment earned $0.04 per diluted share in fiscal 2025, compared with $0.55 a year earlier.
When will Inspired Entertainment report its next earnings?
Inspired Entertainment is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Inspired Entertainment's fiscal year end?
Inspired Entertainment's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 10, 2026.