INSE on Nasdaq

Inspired Entertainment, Inc.

We also offer a range of more traditional casino games through our SBG network, such as roulette, blackjack and numbers games.4 From its latest annual report

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Last updated Oct 19, 2026.

Overview

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  • TickerINSE on Nasdaq2
  • IndustryServices-Prepackaged Software2
  • HeadquartersNew York, United States2
  • Incorporated inDE3
  • Business address250 West 57Th Street, Suite 415, New York,, Ny 101073
  • Filer categoryAccelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI549300ZUGYK6NBIU6D692
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O VCORP SERVICES, LLC, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 55426532

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We also offer a range of more traditional casino games through our SBG network, such as roulette, blackjack and numbers games.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

10.0%Operating margin5
-5.6%Net margin5
2.4%Revenue growth, 20255
$16.3MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Service brought in 92% of the revenue Inspired Entertainment, Inc. broke down this way in fiscal 2025.

  1. Service$278.6M592%up 8% from 2024
  2. Product Sales$25.5M58%down 34% from 2024
Products and services by year
Products and services20242025
Service$258.6M$278.6M
Product Sales$38.5M$25.5M

Business segments

Gaming brought in 37% of the revenue Inspired Entertainment, Inc. broke down this way in fiscal 2025.

  1. Gaming$112.3M537%up 2% from 2024
  2. Leisure$96.6M532%down 5% from 2024
  3. Interactive$58.6M519%up 49% from 2024
  4. Virtual Sports$36.6M512%down 19% from 2024
Business segments by year
Business segments20242025
Gaming$110.6M$112.3M
Leisure$101.8M$96.6M
Interactive$39.3M$58.6M
Virtual Sports$45.4M$36.6M

Regions

United Kingdom brought in 69% of the revenue Inspired Entertainment, Inc. broke down this way in fiscal 2025.

  1. United Kingdom$209.7M569%down 3% from 2024
  2. Rest Of World$67.3M522%up 14% from 2024
  3. GR$27.1M59%up 27% from 2024
Regions by year
Regions20242025
United Kingdom$217.0M$209.7M
Rest Of World$58.8M$67.3M
GR$21.3M$27.1M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development6¢$19.4M
  • Other costs90¢$273.6M
  • Income tax4¢$11.1M

Out of $304.1M in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending69¢$35.7M
  • Share buybacks1¢$400.0K
  • Kept or used elsewhere31¢$15.9M

Out of $52.0M of cash from operations.5

Financial statements

Revenue67895$304.1M in 2025+98% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $153.4M$153.4M20192020: $198.3M$198.3M2020+29%2021: $205.8M$205.8M2021+4%2022: $284.5M$284.5M2022+38%2023: $322.9M$322.9M2023+13%2024: $297.1M$297.1M2024−8%2025: $304.1M$304.1M2025+2%
Operating income67895$30.5M in 2025
-$20.0M0$20.0M$40.0M$60.0M2019: -$13.0M-$13.0M20192020: -$18.0M-$18.0M2020+38%2021: -$4.5M-$4.5M2021−75%2022: $46.5M$46.5M20222023: $38.9M$38.9M2023−16%2024: $30.7M$30.7M2024−21%2025: $30.5M$30.5M2025−1%
Net income67895-$17.0M in 2025−59% since 2019
-$100.0M-$50.0M0$50.0M$100.0M2019: -$41.1M-$41.1M20192020: -$56.8M-$56.8M2020+38%2021: -$40.6M-$40.6M2021−29%2022: $21.2M$21.2M20222023: $6.9M$6.9M2023−67%2024: $64.8M$64.8M2024+839%2025: -$17.0M-$17.0M2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Total revenue$304.1M$297.1M
Selling, general and administrative expenses-$128.1M-$130.8M
Depreciation and amortization-$52.4M-$43.3M
Loss on sale of business-$6.6M
Net operating income$30.5M$30.7M
Interest expense, net-$37.3M-$29.4M
Other finance income$900.0K$500.0K
Total other expense, net-$36.4M-$28.9M
Net (loss) income before income taxes-$5.9M$1.8M
Income tax (expense) benefit-$11.1M$63.0M
Net (loss) income-$17.0M$64.8M
Foreign currency translation (loss) gain-$700.0K$1.4M
Deferred tax on foreign currency translation (loss) gain$100.0K-$1.0M
Change in fair value of hedging instrument-$500.0K
Reclassification of gain on hedging instrument to comprehensive income-$100.0K
Deferred tax on movement in hedging instrument$100.0K
Actuarial gains on pension plan$800.0K$4.7M
Deferred tax on actuarial gains on pension plan-$200.0K-$1.1M
Other comprehensive (loss) income-$500.0K$4.0M
Comprehensive (loss) income-$17.5M$68.8M
Net (loss) income per common share basic-$0.58$2.27
Net (loss) income per common share - diluted-$0.58$2.22
Weighted average number of shares outstanding during the year basic29.1M shares28.5M shares
Weighted average number of shares outstanding during the year - diluted29.1M shares29.2M shares
Selling, general and administrative expenses-$6.7M-$7.6M

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Leadership

Who has led Inspired Entertainment, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. A. Lorne Weil2014
  2. Luke Lyon Alvarez2017–2018
  3. Brooks H. Pierce2023–now

Chair

  1. A. Lorne Weil2014–now

President

  1. Luke Lyon Alvarez2018
  2. Brooks H. Pierce2018–now

Chief financial officer

  1. Jeff S. Lipkin2014
  2. George Peng2015
  3. Stewart Frank Bradley Baker2017–2023
  4. Marilyn Jentzen2024
  5. Craig Kyle Wilson2026–now

Chief operating officer

  1. Jeff S. Lipkin2014
  2. David Gray Wilson2017
  3. Brooks H. Pierce2018–2023
201520202025
Board members and other officers (23)

Former names

  • Hydra Industries Acquisition Corp.Aug 19, 2014 to Dec 21, 20163

Timeline

  1. Feb 16, 2023New chief executive Brooks H. Pierce becomes CEO14
  2. Jan 4, 2017New chief executive Luke Lyon Alvarez becomes CEO15
  3. Oct 24, 2014New chief executive A. Lorne Weil becomes CEO16
  4. May 30, 2014Founded Inspired Entertainment, Inc. is founded2

Filings

244 filings to the SEC since October 2021: 7 annual reports, 17 quarterly reports, 54 major events, 116 insider forms, 39 large holders, 11 other. The latest 20:

  1. Sep 23, 20268-K/A EDGAR
  2. Sep 11, 20263 EDGAR
  3. Aug 18, 20268-K EDGAR
  4. Aug 13, 2026SCHEDULE 13G EDGAR
  5. Aug 12, 20263 EDGAR
  6. Aug 7, 20264 EDGAR
  7. Aug 7, 20264 EDGAR
  8. Aug 5, 20268-K EDGAR
  9. Aug 5, 202610-Q EDGAR
  10. Jul 28, 2026SCHEDULE 13G/A EDGAR
  11. Jun 2, 20268-K EDGAR
  12. May 22, 202610-K/A EDGAR
  13. May 18, 20264 EDGAR
  14. May 18, 20263 EDGAR
  15. May 18, 20268-K EDGAR
  16. May 7, 202610-Q EDGAR
  17. May 7, 20268-K EDGAR
  18. Apr 21, 2026DEF 14A EDGAR
  19. Mar 31, 2026SCHEDULE 13D/A EDGAR
  20. Mar 27, 20264 EDGAR

The 244 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

11 open-market trades by officers, directors and large owners since October 2021: 11 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 27, 2026PIERCE BROOKS HPresident and CEOBuy5,000$6.76$33.8KForm 4
Mar 27, 2026WEIL A LORNEExecutive ChairmanBuy20,000$6.80$136.0KForm 4
Mar 26, 2026Chambrello Michael R.DirectorBuy10,000$6.92$69.2KForm 4
Mar 26, 2026PIERCE BROOKS HPresident and CEOBuy13,332$6.88$91.7KForm 4
Mar 26, 2026WEIL A LORNEExecutive ChairmanBuy21,659$6.85$148.4KForm 4
Mar 25, 2026PIERCE BROOKS HPresident and CEOBuy1,668$6.66$11.1KForm 4
Mar 25, 2026WEIL A LORNEExecutive ChairmanBuy8,341$6.66$55.6KForm 4
Nov 26, 2025WEIL A LORNEExecutive ChairmanBuy50,000$8.11$405.5KForm 4
Nov 21, 2025PIERCE BROOKS HPresident and CEOBuy10,000$7.39$73.9KForm 4
Nov 20, 2025PIERCE BROOKS HPresident and CEOBuy10,000$7.04$70.4KForm 4
May 24, 2022Chambrello Michael R.DirectorBuy20,070$9.92$199.1KForm 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.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 99. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Macquarie Group Ltd3,023,750$24.9M0.1%No change
Kanen Wealth Management LLC2,552,288$20.7M5.1%−128,680
BlackRock, Inc.2,324,219$19.2M0.0%+257,455
Samjo Management, LLC2,223,900$18.3M6.3%+193,950
Jupiter Topco LLC1,338,988$11.0M0.0%New
Private Management Group Inc1,282,590$10.6M0.3%+9,711
Brown Advisory Inc925,633$7.6M0.0%−40,000
Potomac Capital Management, Inc.616,800$5.1M3.7%+200
Geode Capital Management, LLC615,457$5.1M0.0%+44,205
CDC Financial, Inc.506,004$4.2M3.2%+53,559
State Street Corp466,707$3.9M0.0%−6,128
683 Capital Management, LLC423,580$3.5M0.3%−624,916
Prescott Group Capital Management, L.L.C.358,192$3.0M0.3%No change
Russell Investments Group, Ltd.327,906$2.7M0.0%+10,976
Kennedy Capital Management LLC327,390$2.7M0.0%−6,309
Gamco Investors, Inc. Et Al283,300$2.3M0.0%No change
Vanguard Capital Management LLC280,549$2.3M0.0%+9,363
Gabelli Funds LLC215,000$1.8M0.0%+10,000
Teton Advisors, LLC202,900$1.7M1.0%No change
Northern Trust Corp198,620$1.6M0.0%−2,780
Vanguard Portfolio Management LLC174,070$1.4M0.0%+26,251
Dimensional Fund Advisors LP171,865$1.4M0.0%−35,536
Ancora Advisors LLC161,200$1.3M0.0%No change
Vanguard Fiduciary Trust Co158,790$1.3M0.0%+8,472
Jane Street Group, LLC129,342$1.1M0.0%+61,808

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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