GLXZ on OTC
Galaxy Gaming, Inc.
Amusement and recreation services company, listed on OTC (GLXZ). Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
Compare with Dover Motorsports Incorporated, Esports Entertainment Group or GameSquare Holdings, Inc., or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Total Core Revenue brought in 62% of the revenue Galaxy Gaming, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Total Core Revenue | $21.4M | $19.2M |
| Total Digital Revenue | $10.4M | $11.7M |
Regions
Americas brought in 55% of the revenue Galaxy Gaming, Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| Americas | $19.1M | $17.0M |
| EMEA | $12.6M | $13.9M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue3¢$780.4K
- Research and development3¢$931.3K
- Selling, general and admin56¢$17.2M
- Other costs33¢$10.3M
- Income tax0¢$144.3K
- Profit5¢$1.5M
Out of $30.9M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Capital spending2¢$122.9K
- Kept or used elsewhere98¢$7.6M
Out of $7.7M of cash from operations.3
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total revenue | $30.9M | $31.7M |
| Cost of ancillary products and assembled components | $780.4K | $1.5M |
| Selling, general and administrative | $17.2M | $19.7M |
| Research and development | $931.3K | $1.1M |
| Depreciation and amortization | $3.2M | $2.9M |
| Stock-based compensation | $540.4K | $919.6K |
| Total costs and expenses | $22.7M | $26.0M |
| Income from operations | $8.2M | $5.7M |
| Interest income | $45.7K | $780.9K |
| Interest expense | -$3.6M | -$9.1M |
| Foreign currency exchange (loss) gain | -$39.9K | $13.9K |
| Loss on extinguishment of debt | -$3.0M | $0 |
| Total other expense, net | -$6.6M | -$8.3M |
| Income (loss) before provision for income taxes | $1.6M | -$2.6M |
| Provision for income taxes | -$144.3K | -$57.6K |
| Net income (loss) | $1.5M | -$2.6M |
| Foreign currency translation adjustment | $380.6K | -$159.5K |
| Comprehensive income (loss) | $1.9M | -$2.8M |
| Basic | $0.06 | -$0.10 |
| Diluted | $0.06 | -$0.10 |
| Basic | 26.0M shares | 25.7M shares |
| Diluted | 26.2M shares | 25.7M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2024-07-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $4.3M | $18.1M | ||
| Accounts receivable, net of allowance of $241,283 and $154,729, respectively | $5.7M | $4.7M | ||
| Income tax receivable | $126.3K | $96.2K | ||
| Prepaid expenses | $1.4M | $1.2M | ||
| Total current assets | $11.6M | $24.2M | ||
| Property and equipment, net | $118.1K | $69.9K | ||
| Operating lease right-of-use assets | $280.4K | $533.2K | ||
| Assets deployed at client locations, net | $4.1M | $3.3M | ||
| Goodwill | $1.1M | $1.1M | ||
| Other intangible assets, net | $10.2M | $11.4M | ||
| Other assets | $89.7K | $366.7K | ||
| Total assets | $27.5M | $41.0M | ||
| Accounts payable | $1.9M | $2.6M | ||
| Accrued expenses | $3.2M | $2.8M | ||
| Current portion of operating lease liabilities | $298.0K | $286.0K | ||
| Current portion of long-term debt | $2.4M | $842.3K | ||
| Revenue contract liability | $286.2K | |||
| Total current liabilities | $8.1M | $6.6M | ||
| Long-term operating lease liabilities | $2.9K | $297.7K | ||
| Long-term debt and liabilities, net | $36.9M | $54.1M | ||
| Deferred tax liabilities, net | $49.1K | $44.4K | ||
| Total liabilities | $45.0M | $61.1M | ||
| Common stock, 65,000,000 shares authorized; $0.001 par value; 25,354,623 and 25,115,299 shares issued and outstanding, respectively | $25.4K | $25.1K | ||
| Additional paid-in capital | $20.7M | $19.9M | ||
| Accumulated deficit | -$38.3M | -$39.8M | ||
| Accumulated other comprehensive income (loss) | $104.1K | -$276.6K | ||
| Total stockholders deficit | -$17.5M | -$20.1M | -$18.2M | |
| Total liabilities and stockholders deficit | $27.5M | $41.0M | ||
| Accounts receivables, net allowance | $241.3K | $154.7K | ||
| Preferred Stock, Shares authorized | 10.0M shares | 10.0M shares | ||
| Preferred Stock, Par Value | $0.00 | $0.00 | ||
| Preferred Stock, Issued | 0 shares | 0 shares | ||
| Preferred Stock, Outstanding | 0 shares | 0 shares | ||
| Common Stock, Shares authorized | 65.0M shares | 65.0M shares | ||
| Common Stock, par value | $0.00 | $0.00 | $0.00 | |
| Common Stock, Issued | 25.4M shares | 25.1M shares | ||
| Common Stock, Outstanding | 25.4M shares | 25.1M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-07-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $4.3M | $18.1M | ||
| Accounts receivable, net of allowance of $241,283 and $154,729, respectively | $5.7M | $4.7M | ||
| Income tax receivable | $126.3K | $96.2K | ||
| Prepaid expenses | $1.4M | $1.2M | ||
| Total current assets | $11.6M | $24.2M | ||
| Property and equipment, net | $118.1K | $69.9K | ||
| Operating lease right-of-use assets | $280.4K | $533.2K | ||
| Assets deployed at client locations, net | $4.1M | $3.3M | ||
| Goodwill | $1.1M | $1.1M | ||
| Other intangible assets, net | $10.2M | $11.4M | ||
| Other assets | $89.7K | $366.7K | ||
| Total assets | $27.5M | $41.0M | ||
| Accounts payable | $1.9M | $2.6M | ||
| Accrued expenses | $3.2M | $2.8M | ||
| Current portion of operating lease liabilities | $298.0K | $286.0K | ||
| Current portion of long-term debt | $2.4M | $842.3K | ||
| Revenue contract liability | $286.2K | |||
| Total current liabilities | $8.1M | $6.6M | ||
| Long-term operating lease liabilities | $2.9K | $297.7K | ||
| Long-term debt and liabilities, net | $36.9M | $54.1M | ||
| Deferred tax liabilities, net | $49.1K | $44.4K | ||
| Total liabilities | $45.0M | $61.1M | ||
| Common stock, 65,000,000 shares authorized; $0.001 par value; 25,354,623 and 25,115,299 shares issued and outstanding, respectively | $25.4K | $25.1K | ||
| Additional paid-in capital | $20.7M | $19.9M | ||
| Accumulated deficit | -$38.3M | -$39.8M | ||
| Accumulated other comprehensive income (loss) | $104.1K | -$276.6K | ||
| Total stockholders deficit | -$17.5M | -$20.1M | -$18.2M | |
| Total liabilities and stockholders deficit | $27.5M | $41.0M | ||
| Accounts receivables, net allowance | $241.3K | $154.7K | ||
| Preferred Stock, Shares authorized | 10.0M shares | 10.0M shares | ||
| Preferred Stock, Par Value | $0.00 | $0.00 | ||
| Preferred Stock, Issued | 0 shares | 0 shares | ||
| Preferred Stock, Outstanding | 0 shares | 0 shares | ||
| Common Stock, Shares authorized | 65.0M shares | 65.0M shares | ||
| Common Stock, par value | $0.00 | $0.00 | $0.00 | |
| Common Stock, Issued | 25.4M shares | 25.1M shares | ||
| Common Stock, Outstanding | 25.4M shares | 25.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) | $1.5M | -$2.6M |
| Depreciation and amortization | $3.2M | $2.9M |
| Amortization of right-of-use assets | $259.6K | $252.4K |
| Amortization of debt issuance costs and debt discount | $148.2K | $1.5M |
| Bad debt expense (recovery) | $51.5K | -$36.6K |
| (Gain) loss on disposal of property & equipment | -$5.8K | $33.2K |
| Deferred income tax | $4.7K | -$16.4K |
| Stock-based compensation | $540.4K | $919.6K |
| Loss on extinguishment of debt | $3.0M | $0 |
| Accounts receivable | -$736.4K | -$504.9K |
| Income tax receivable | -$29.9K | -$49.5K |
| Prepaid expenses and other current assets | $78.8K | $302.2K |
| Other assets | $277.0K | $81.2K |
| Accounts payable | -$772.9K | $1.5M |
| Accrued expenses | $223.0K | $278.1K |
| Revenue contract liability | $286.2K | -$167.0K |
| Operating lease liabilities | -$289.7K | -$270.7K |
| Net cash provided by operating activities | $7.7M | $4.1M |
| Investment in internally developed software | -$992.7K | -$705.5K |
| Acquisition of property and equipment | -$122.9K | -$56.6K |
| Acquisition of assemblies in process | -$466.4K | -$45.9K |
| Acquisition of assets deployed at client locations | -$1.5M | -$2.0M |
| Transfer of title of assets deployed at client locations to perpetual license customer | $232.4K | $1.2M |
| Net cash used in investing activities | -$2.8M | -$1.6M |
| Proceeds from BMO Credit Agreement | $45.0M | $0 |
| Payments of debt issuance costs | -$630.0K | $0 |
| Fees associated with debt transactions - prior debt | -$138.2K | $0 |
| Proceeds from stock option exercises | $175.4K | $56.1K |
| Net cash used in financing activities | -$18.9M | -$886.1K |
| Effect of exchange rate changes on cash | $172.8K | -$163.4K |
| Net (decrease) increase in cash and cash equivalents | -$13.8M | $1.4M |
| Cash paid for interest | $3.4M | $7.5M |
| Cash paid for income taxes | $167.6K | $123.5K |
| Insurance acquired under note payable | $235.3K | $330.4K |
| Right-of-use assets obtained in exchange for lease liabilities | $6.9K | $0 |
No quarter-by-quarter statement was filed.
Leadership
Who has led Galaxy Gaming, Inc., and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerMatthew David Reback Dec 21, 2023 to Dec 21, 202311
- Chief executive officerTodd P. Cravens Aug 9, 2017 to Mar 21, 202312
- Chief executive officerRobert B. Saucier Sep 10, 2009 to Apr 20, 201713
- PresidentMatthew David Reback Dec 21, 2023 to Dec 21, 202311
- Chief financial officerSteven Kopjo Jul 1, 2024 to Jul 1, 202414
- Chief financial officerHarry C. Hagerty Iii. May 8, 2017 to Jan 5, 202315
- Chief financial officerGary Anthony Vecchiarelli Jan 29, 2013 to Mar 3, 201616
- Chief financial officerRobert B. Saucier Sep 10, 2009 to Apr 16, 201213
- Chief financial officerMunjit Johal Apr 3, 2006 to Apr 3, 200617
- Chief operating officerWilliam E. O'Hara Sep 3, 2009 to Sep 3, 200918
Board members and other officers (12)
- OfficerMatthew David Reback Dec 31, 2024 to now19
- Board memberMeredith B. Brill Aug 3, 2022 to now20
- Board memberCheryl Kondra Dec 21, 2021 to now21
- Board memberMichael Gavin Isaacs Jul 9, 2019 to now22
- Board memberMark A. Lipparelli Aug 9, 2017 to now23
- Board memberNorman H. Desrosiers Jan 20, 2015 to Jan 2, 202024
- Board memberWilliam A. Zender Jan 20, 2015 to Jul 5, 202225
- Board memberBryan W. Waters Apr 3, 2015 to now26
- Board memberGary Anthony Vecchiarelli Jan 29, 2013 to Jan 29, 201316
- Board memberRobert B. Saucier Sep 10, 2009 to Apr 20, 201713
- Board memberJay Kister Apr 11, 2006 to Apr 11, 200627
- Board memberPatrick McNevin Apr 24, 2006 to Apr 24, 200628
Former names
Timeline
Filings
221 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 57 major events, 117 insider forms, 9 large holders, 16 other. The latest 20:
- Oct 9, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Sep 25, 20268-K EDGAR
- Sep 21, 20268-K EDGAR
- Sep 10, 20268-K EDGAR
- Aug 17, 20268-K EDGAR
- Aug 10, 202610-Q EDGAR
- Jul 30, 20268-K EDGAR
- Jul 22, 20268-K EDGAR
- Jul 22, 20268-K EDGAR
- Jul 21, 20268-K EDGAR
- Jul 20, 20268-K EDGAR
- May 15, 2026SCHEDULE 13G EDGAR
- May 11, 202610-Q EDGAR
- Mar 30, 202610-K EDGAR
- Mar 5, 20268-K EDGAR
- Jan 5, 20264 EDGAR
- Jan 5, 20264 EDGAR
The 221 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
4 open-market trades by officers, directors and large owners since October 2021: 4 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 12, 2022 | HAGERTY HARRY C IIICFO | Buy | 10,000 | $2.50 | $25.0K | Form 4 |
| Sep 15, 2022 | HAGERTY HARRY C IIICFO | Buy | 2,000 | $2.77 | $5.5K | Form 4 |
| Sep 13, 2022 | HAGERTY HARRY C IIICFO | Buy | 2,000 | $2.80 | $5.6K | Form 4 |
| Sep 6, 2022 | HAGERTY HARRY C IIICFO | Buy | 3,000 | $2.87 | $8.6K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- CANNELL CAPITAL LLCSCHEDULE 13G, 5 filings Feb 13, 2024 to May 15, 202629
- Topline Capital Management, LLCSCHEDULE 13G/A, 2 filings Feb 10, 2025 to Apr 10, 202530
- Tice BrownSC 13D/A, 2 filings Apr 1, 2022 to Apr 26, 202231
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Diversified Investment Strategies, LLC | 220,000 | $371.3K | 0.2% | No change |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19SEC EDGARMatthew David Reback, Officer
- 20SEC EDGARMeredith B. Brill, Board member
- 21SEC EDGARCheryl Kondra, Board member
- 22SEC EDGARMichael Gavin Isaacs, Board member
- 23SEC EDGARMark A. Lipparelli, Board member
- 24SEC EDGARNorman H. Desrosiers, Board member
- 25SEC EDGARWilliam A. Zender, Board member
- 26SEC EDGARBryan W. Waters, Board member
- 27SEC EDGARJay Kister, Board member
- 28SEC EDGARPatrick McNevin, Board member
- 29
- 30
- 31