← Accel Entertainment, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total net revenues | $248.4m | $332.0m | $424.4m | $316.4m | $734.7m | $969.8m | $1.2b | $1.2b | $1.3b | |
| Cost of revenue (exclusive of depreciation and amortization expense shown below) | $184.9m | $249.0m | $336.0m | $211.1m | $494.0m | $666.1m | $809.5m | $852.4m | $908.1m | |
| Cost of manufacturing goods sold (exclusive of depreciation and amortization expense shown below) | $157.0m | $210.5m | $272.0m | $211.1m | $494.0m | $4.8m | $7.7m | $7.1m | $5.6m | |
| Total operating expenses | $230.3m | $307.1m | $411.0m | $341.0m | $664.5m | $872.9m | $1.1b | $1.1b | $1.2b | |
| Operating income | $18.2m | $24.9m | $13.3m | ($24.7m) | $70.2m | $96.9m | $107.4m | $90.9m | $107.9m | |
| Comprehensive income | ||||||||||
| General and administrative | $45.4m | $58.2m | $75.0m | $77.4m | $110.8m | $145.9m | $180.2m | $194.7m | $219.3m | |
| Depreciation and amortization of property and equipment | $16.8m | $20.8m | $26.4m | $21.0m | $24.6m | $29.3m | $37.9m | $44.0m | $52.7m | |
| Loss from unconsolidated affiliates | — | — | — | — | — | — | $0 | $0 | $59k | |
| Loss on change in fair value of contingent earnout shares | — | $0 | $9.8m | ($8.5m) | $9.8m | ($19.5m) | $8.5m | $1.3m | $573k | |
| Gain on expiration of warrants | — | — | $21.1m | ($12.6m) | $0 | $0 | $0 | ($13k) | $0 | |
| Loss on debt extinguishment | $0 | $0 | $1.1m | $0 | $1.2m | $0 | $0 | $0 | $1.1m | |
| Less: Net (loss) income attributed to redeemable noncontrolling interests | — | — | — | — | — | $0 | $0 | $39k | ($198k) | |
| Unrealized loss on interest rate caplets, net of taxes | — | — | — | $0 | $0 | $12.2m | ($4.3m) | ($3.8m) | ($4.0m) | |
| Less: Comprehensive (loss) income attributed to redeemable noncontrolling interests | — | — | — | — | — | $0 | $0 | $39k | ($198k) | |
| Comprehensive income attributable to Accel Entertainment, Inc. | — | $10.8m | ($15.7m) | ($12.9m) | $31.5m | $86.3m | $41.3m | $31.5m | $47.5m | |
| Net income | $8.3m | $10.8m | ($5.9m) | ($13.0m) | $31.6m | $74.1m | $45.6m | $35.3m | $51.3m | |
| Net income attributable to Accel Entertainment, Inc. | $8.3m | $10.8m | ($5.9m) | ($13.0m) | $31.6m | $74.1m | $45.6m | $35.3m | $51.5m | |
| Basic (in usd per share) | $0.15 | $0.19 | ($0.09) | ($0.16) | $0.34 | $0.82 | $0.53 | $0.42 | $0.60 | |
| Diluted (in usd per share) | $0.14 | $0.17 | ($0.09) | ($0.16) | $0.33 | $0.81 | $0.53 | $0.42 | $0.59 | |
| Amortization of intangible assets and route and customer acquisition costs | $9.8m | $14.7m | $18.0m | $22.6m | $22.0m | $17.5m | $21.2m | $22.6m | $25.4m | |
| Other expenses, net | $1.3m | $3.0m | $19.6m | $8.9m | $13.0m | $9.3m | $6.5m | $19.3m | $11.9m | |
| Interest expense, net | — | $9.6m | $12.9m | $13.7m | $12.7m | $21.6m | $33.1m | $35.9m | $34.2m | |
| Income before income tax expense | $10.1m | $15.2m | ($665k) | ($29.9m) | $46.6m | $94.8m | $65.7m | $53.7m | $71.9m | |
| Income tax expense | $1.8m | $4.4m | $5.2m | ($16.9m) | $15.0m | $20.7m | $20.1m | $18.4m | $20.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.