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Dave & Buster's

Logo: D&B employee, Public domain, via Wikimedia Commons5

American restaurant and entertainment business

Dave & Buster's Entertainment, Inc. (D&B) is an American restaurant and entertainment business headquartered in Dallas, Texas.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

$2.1BRevenue, fiscal 20266
-$48.7MNet income, fiscal 20266
1982Founded1

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  • TickerPLAY on Nasdaq1
  • Industryentertainment industry, gastronomy1
  • HeadquartersDallas1
  • Founded inDallas1
  • Websitewww.daveandbusters.com
  • Legal formFor-Profit Corporation4
  • LEI549300JAVWTAY1FT5Z454
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O Capitol Corporate Services, Inc., 65101 Jefferson City, United States4
  • Registered withCorporations Unit, Business Services (Office of the Secretary of State), 003343644
Dave & Buster entrance, Springfield Town Center
Photo: Ser Amantio di Nicolao, CC BY-SA 3.0, via Wikimedia Commons8

Dave & Buster's Entertainment, Inc. (D&B) is an American restaurant and entertainment business headquartered in Dallas. Each Dave & Buster's location has a full-service restaurant, full bar, and a video arcade, the latter of which is known as the "Million Dollar Midway". As of May 2026, the company has 160 locations in the United States, three in India as well as two each in Puerto Rico, and Canada, and one each in Australia and the Philippines.3

Financials

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

Key numbers, fiscal 2026

4.1%Operating margin6
-2.3%Net margin6
-1.4%Revenue growth, 20266
-53.4%Return on equity6
16.61×Debt to equity6
-$100.6MFree cash flow6

What sells

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

Products and services

Game Play Credit Usage brought in 62% of the revenue Dave & Buster's broke down this way in fiscal 2026.

  1. Game Play Credit Usage$1.3B662%down 5% from 2025
  2. Food and Nonalcoholic Beverages$536.2M625%up 6% from 2025
  3. Alcoholic Beverage$243.1M612%up 3% from 2025
  4. Other Entertainment$26.7M61%up 10% from 2025
Products and services by year
Products and services202420252026
Game Play Credit Usage$1.4B$1.4B$1.3B
Food and Nonalcoholic Beverages$517.1M$506.3M$536.2M
Alcoholic Beverage$253.4M$235.4M$243.1M
Other Entertainment$28.7M$24.3M$26.7M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue14¢$300.3M
  • Other costs85¢$1.8B
  • Income tax1¢$19.2M

Out of $2.1B in revenue.6 The company lost money this year.

Where each dollar of operating cash went, fiscal 2026

  • Capital spending94¢$391.4M
  • Share buybacks6¢$23.9M

Out of $290.8M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6

Financial statements

Revenue9101112136$2.1B in 2026+66% since 2019
0$1.0B$2.0B$3.0B2019: $1.3B$1.3B20192020: $1.4B$1.4B2020+7%2021: $436.5M$436.5M2021−68%2022: $1.3B$1.3B2022+199%2023: $2.0B$2.0B2023+51%2024: $2.2B$2.2B2024+12%2025: $2.1B$2.1B2025−3%2026: $2.1B$2.1B2026−1%
Operating income9101112136$86.1M in 2026−47% since 2019
-$400.0M-$200.0M0$200.0M$400.0M2019: $161.0M$161.0M20192020: $148.1M$148.1M2020−8%2021: -$252.6M-$252.6M20212022: $187.2M$187.2M20222023: $262.5M$262.5M2023+40%2024: $306.6M$306.6M2024+17%2025: $220.4M$220.4M2025−28%2026: $86.1M$86.1M2026−61%
Net income9101112136-$48.7M in 2026
-$300.0M-$200.0M-$100.0M0$100.0M$200.0M2019: $117.2M$117.2M20192020: $100.3M$100.3M2020−14%2021: -$207.0M-$207.0M20212022: $108.7M$108.7M20222023: $137.1M$137.1M2023+26%2024: $126.9M$126.9M2024−7%2025: $58.3M$58.3M2025−54%2026: -$48.7M-$48.7M2026

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2026-01-312025-01-312024-01-31
Total revenues$2.1B$2.1B$2.2B
Total cost of products$300.3M$314.4M$353.0M
Operating payroll and benefits$535.8M$523.5M$525.9M
Other store operating expenses$725.1M$690.4M$669.5M
General and administrative expenses$117.0M$99.5M$113.8M
Depreciation and amortization expense$279.4M$238.2M$208.5M
Pre-opening costs$19.0M$18.7M$18.4M
Other charges and gains$40.1M$27.6M$9.6M
Total operating costs$2.0B$1.9B$1.9B
Operating income$86.1M$220.4M$306.6M
Interest expense, net$154.0M$135.3M$127.4M
Loss on debt refinancing$0$15.2M$16.1M
Income (loss) before income taxes-$67.9M$69.9M$163.1M
Provision for (benefit from) income taxes-$19.2M$11.6M$36.2M
Net income (loss)-$48.7M$58.3M$126.9M
Unrealized foreign currency translation gain (loss)$500.0K-$700.0K$0
Total other comprehensive gain (loss)$500.0K-$700.0K$0
Total comprehensive income (loss)-$48.2M$57.6M$126.9M
Basic (in dollars per share)-$1.40$1.49$2.94
Diluted (in dollars per share)-$1.40$1.46$2.88
Basic (in shares)34.7M shares39.1M shares43.2M shares
Diluted (in shares)34.7M shares40.0M shares44.1M shares

Compare Dave & Buster's with another company

The story

In 1982, David "Dave" Corriveau (1951–2015) and James "Buster" Corley (1951–2023) opened the first Dave & Buster's in Dallas. Corley had previously operated a bar called "Buster's" in Little Rock, Arkansas, next door to a saloon and game parlor called first "Cash McCool's" & then "Slick Willy's World of Entertainment", owned by Corriveau. After opening Dave & Buster's, the two operated as co-CEOs.

In 1989, Edison Brothers Stores purchased a majority of the ownership in the restaurant to finance further expansion into other cities. Dave & Buster's was spun off from Edison Brothers, and went public with Andy Newman as chairman in 1995. By 1997, the chain could be found in ten locations across the country.

D&B acquired nine Jillian's locations after Jillian's filed for Chapter 11 Bankruptcy in 2004. Seven of these Jillian's locations were rebranded with the Dave & Buster's name, while two were closed following the acquisition. The company announced on December 8, 2005, that it would be acquired by private equity firm Wellspring Capital Management.

On July 16, 2008, Dave & Buster's Holdings Inc, filed with the SEC to again become a publicly traded company. The company had set a date for the Initial public offering IPO of October 5, 2012. However, it pulled out right before it opened. In June 2010, Oak Hill Capital Partners, in partnership with the company's management team, completed its acquisition of Dave & Buster's from Wellspring Capital Management.

In October 2014, Dave & Buster's launched a second IPO, selling its 5.88 million shares at an offering price range of $16–18. The offering raised $94 million, to be used for debt repayments. Shares are traded on the NASDAQ stock exchange using the symbol PLAY.

Co-founder David Corriveau died on February 7, 2015 at his home in Dallas, Texas.

Dave & Buster's, as with all other entertainment and restaurant businesses, was affected by the COVID-19 pandemic due to restrictions on non-essential businesses. The company's same-store sales fell by 70% during fiscal year 2020. As restrictions eased, the company began to recover in fiscal year 2021, being down by 10% only. The case of Omicron variant spread still affected the business resulting in a sales decrease in the fourth quarter of 2021.

Dave & Buster's CEO Brian Jenkins retired in September 2021, with chairman Kevin Sheehan named interim CEO. On April 6, 2022, Dave & Buster's announced that it would acquire the Plano, Texas-based family entertainment center chain Main Event Entertainment from Ardent Leisure and RedBird Capital Partners for $835 million, with its CEO Chris Morris becoming the new CEO of Dave & Buster's upon the completion of the sale in June 2022.

Read the full text

On January 2, 2023, co-founder James "Buster" Corley died of suicide that was caused by a self-inflicted gunshot wound sustained in his home near White Rock Lake. His daughter Kate Corley said that her father had suffered a stroke four months earlier that "caused severe damage to the communication and personality part of his brain".

In 2023, the chain began to pilot a new location format known as the "store of the future", which began to expand to other locations in 2024. It focuses on new types of interactive social gaming spaces (such as electronic darts and shuffleboard tables) and updates to the bar experience (including a new self-serve beer wall in the arcade area, viewing areas with larger televisions, a 40 foot (480 in) video wall, and a "VIP watch room").

From Wikipedia’s article on Dave & Buster's, shared under CC BY-SA 4.0.7

Leadership

Who has led Dave & Buster's, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (48)

Products and brands

Food and drinks

Items on the Dave & Buster's menu are offered from early lunch until late night and include pastas, burgers, steaks, seafood, chicken and desserts. The menu is frequently updated to reflect current trends and guest favorites. Some locations serve Sunday brunch. Buffets are available for special events and private parties. All D&Bs offer full bar service. Dave & Buster's is more targeted towards an adult clientele than most location-based entertainment in general, with all guests under 21 required to be accompanied by a guardian and only allowed in until 10 p.m.

Games

Dave & Buster's dubbed their arcade section, which features interactive games and simulators, "Million Dollar Midway". In 1997, Dave & Buster's introduced the Power Card, a declining balance card or 'debit card' that replaces traditional tokens and tickets, and is required to activate most arcade games and can be reloaded at "power stations." The Power Card is intended to enable customers to activate games more easily and encourage extended play of games to increase customer spending. By replacing most coin operations, the Power Card has reduced the technical difficulties and maintenance issues associated with coin-operated equipment. In 2015, Dave & Buster's installed proximity game card readers that allow guests to simply tap on the readers to play. Since 2020, Power Cards have been able to be added to Google Pay and Apple Wallet through the DING DING DING app.

Events and sponsorships

Dave & Buster's is a corporate sponsor of the Ultimate Fighting Championship organization. There are screening rooms for every UFC pay-per-view and episode of The Ultimate Fighter. D&B also sponsors the charity Dave Bevans' Children in the fundraising event "D&B for DB's".

Prior sponsorships include a World Wrestling Entertainment match and a 2009 tour by the rock band Bowling for Soup. The WWE match took place on the July 20, 2009, edition of WWE Raw on the USA Network. It is believed to be the first match on any WWE program to have a specific sponsor associated with it.

Read the full text

Dave & Buster's also sponsors postgame reports of San Jose Sharks games.

From Wikipedia’s article on Dave & Buster's, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Subsidiaries

Ultimate parent

From Wikidata.1 Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Acquisitions

  1. Jun 29, 2022Acquired Main Event Entertainment1

Timeline

  1. Aug 13, 2026New chief executive Darin Harper becomes CEO17
  2. Jul 23, 2025New chief executive Tarun Lal becomes CEO18
  3. Oct 1, 2021New chief executive Kevin M. Sheehan becomes CEO19
  4. May 27, 2020New chief executive Brian Jenkins becomes CEO20
  5. Oct 10, 2014Went public Listed on NASDAQ1
  6. 1982Founded Founded in Dallas1

Filings

535 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 57 major events, 380 insider forms, 41 large holders, 36 other. The latest 20:

  1. Oct 8, 20264 EDGAR
  2. Oct 8, 20264 EDGAR
  3. Oct 8, 20264 EDGAR
  4. Oct 8, 20264 EDGAR
  5. Oct 8, 20264 EDGAR
  6. Oct 8, 20264 EDGAR
  7. Oct 1, 20264 EDGAR
  8. Sep 28, 20264 EDGAR
  9. Sep 28, 20264 EDGAR
  10. Sep 28, 20264 EDGAR
  11. Sep 28, 20264 EDGAR
  12. Sep 28, 20264 EDGAR
  13. Sep 21, 20268-K EDGAR
  14. Sep 17, 20264/A EDGAR
  15. Sep 17, 20264 EDGAR
  16. Sep 14, 20268-K EDGAR
  17. Sep 14, 202610-Q EDGAR
  18. Sep 2, 20264 EDGAR
  19. Sep 2, 20264 EDGAR
  20. Aug 25, 20263 EDGAR

The 535 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.

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 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Hill Path Capital LP7,119,255$81.2M4.2%No change
BlackRock, Inc.3,221,499$36.7M0.0%+1,068,676
Nomura Holdings Inc2,411,191$27.5M0.1%No change
Goldman Sachs Group Inc2,144,687$24.4M0.0%+670,388
Arrowstreet Capital, Limited Partnership1,803,552$20.6M0.0%+293,800
Healthcare Of Ontario Pension Plan Trust Fund1,456,000$16.6M0.0%No change
Wolf Hill Capital Management, LP1,356,903$15.5M1.5%New
Vanguard Capital Management LLC1,163,837$13.3M0.0%+4,472
Morgan Stanley1,047,369$11.9M0.0%−503,167
Two Sigma Investments, LP1,030,749$11.8M0.0%New
Charles Schwab Investment Management Inc762,298$8.7M0.0%+87,488
Geode Capital Management, LLC686,582$7.8M0.0%+8,892
Point72 Asset Management, L.P.685,330$7.8M0.0%+203,162
MUFG Securities EMEA plc658,000$7.5M0.1%−513,000
CastleKnight Management LP619,365$7.1M0.3%No change
Jump Financial, LLC610,800$7.0M0.1%+571,930
State Street Corp592,925$6.8M0.0%−97,896
Engineers Gate Manager LP537,254$6.1M0.1%+358,588
Public Sector Pension Investment Board534,000$6.1M0.0%New
UBS Group AG489,616$5.6M0.0%+224,465
Ing Groep Nv451,000$5.1M0.0%No change
Citadel Advisors LLC444,640$5.1M0.0%New
Dimensional Fund Advisors LP437,371$5.0M0.0%−43,146
Saba Capital Management, L.P.382,606$4.4M0.1%No change
D. E. Shaw & Co., Inc.373,429$4.3M0.0%+139,365

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

Sources

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