Friday 6 November 2026
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Inspired Entertainment, Inc.
INSE Consumer Cyclical Gambling
Inspired Entertainment, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $304.1 million, up 2.36% from fiscal 2024.
- Revenue
- −24.3%
- EPS
- +102.6%
- Free cash flow
- −193.3%
- Total debt
- −9.92%
Quarter to June 2026, against a year earlier
3.50
0.26
−6.91%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 120 | 123 | 141 | 153 | 198 | 206 | 285 | 323 | 297 | 304 | 281 | +10.9% | 252 | 264 | 277 | (3.1%) | |
| Gross margin, % | 82.96 | 50.63 | 48.64 | 75.03 | 69.29 | 66.18 | 66.64 | 60.17 | 68.93 | 71.56 | 76.26 | (11.4) pt | ||||||
| EBT | (60) | (49) | (20) | (41) | (56) | (42) | 23 | 12 | 2 | (6) | (2) | (22.7%) | ||||||
| EBT margin, % | (49.74) | (39.93) | (14.44) | (26.73) | (28.44) | (20.51) | 8.19 | 3.69 | 0.61 | (1.94) | (0.82) | +47.8 pt | ||||||
| Net income | (60) | (49) | (21) | (41) | (57) | (41) | 21 | 7 | 65 | (17) | (9) | (13.1%) | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 10.22 | 6.70 | 6.81 | 7.01 | 8.36 | 8.43 | 10.14 | 11.50 | 10.42 | 10.46 | 9.73 | +0.3% | |||||
| Earnings | (5.11) | (2.68) | (0.99) | (1.69) | (2.39) | (1.60) | 0.76 | 0.25 | 2.31 | (0.58) | (0.33) | (21.5%) | ||||||
| Cash flow | 1.59 | 1.00 | 1.65 | 1.40 | 2.02 | 0.10 | 1.06 | 1.95 | 1.11 | 1.79 | 1.41 | +1.3% | ||||||
| Capex | (2.72) | 0.00 | 0.00 | (1.26) | (1.00) | (0.82) | (1.06) | (1.66) | (1.01) | (1.57) | (1.20) | (5.9%) | ||||||
| Free cash flow | (1.13) | 1.00 | 1.65 | 0.15 | 1.02 | (0.72) | 0.00 | 0.29 | 0.10 | 0.22 | 0.21 | n/m | ||||||
| Book value | (25.26) | (0.13) | (0.60) | (2.71) | (4.29) | (4.45) | (3.05) | (2.70) | (0.12) | (0.56) | (0.54) | (34.5%) | ||||||
| Shares, m | 12 | 18 | 21 | 22 | 24 | 24 | 28 | 28 | 29 | 29 | 29 | +10.6% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 15.12 | 47.19 | 3.87 | 0.00 | 0.00 | 6.6 | |||||
| P/S | 0.00 | 1.67 | 0.71 | 0.96 | 0.79 | 1.54 | 1.27 | 0.85 | 0.87 | 0.89 | 0.36 | 1.0 | ||||||
| P/B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| EV/Sales | 0.00 | 2.62 | 1.66 | 2.55 | 2.07 | 2.84 | 2.17 | 1.70 | 1.88 | 2.00 | 1.52 | 1.9 | ||||||
| EV/FCF | (131.17) | (6.45) | (40.60) | 122.43 | 17.05 | (33.16) | (6,180.41) | 68.68 | 192.56 | 94.86 | 71.35 | (589.6) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 19 | 18 | 34 | 31 | 48 | 2 | 30 | 55 | 32 | 52 | 41 | +12.1% | |||||
| Capex | (32) | (35) | (43) | (27) | (24) | (20) | (30) | (47) | (29) | (46) | (35) | +4.0% | ||||||
| Free cash flow | (13) | 18 | 34 | 3 | 24 | (18) | 0 | 8 | 3 | 6 | 6 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | (14) | 2 | 6 | 7 | 14 | 42 | 52 | 55 | 56 | 87 | 70 | n/m | |||||
| Net debt | 411 | 104 | 109 | 244 | 255 | 267 | 258 | 276 | 300 | 316 | 308 | (2.9%) | ||||||
| Shareholders’ equity | (296) | (2) | (12) | (59) | (102) | (109) | (86) | (76) | (3) | (16) | (16) | (27.6%) | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (44.32) | (22.42) | (9.91) | (15.36) | (17.44) | (12.83) | 7.12 | 2.19 | 16.59 | (3.87) | (2.14) | +40.4 pt | |||||
| ROIC | (0.70) | 0.00 | 0.00 | (4.40) | (7.35) | (1.77) | 16.90 | 12.13 | 6.46 | 6.36 | 8.59 | +7.1 pt | ||||||
| ROE | 41.14 | 2,108.80 | 111.43 | 114.54 | 70.56 | 38.59 | (21.82) | (8.54) | (163.64) | 174.36 | 74.90 | +133.2 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | 760 | 670 | 1,700 | 1,500 | 1,600 | 1,600 | 1,700 | 1,600 | 1,020 | — | +3.7% | |||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.00 | 0.09 | 0.13 | 0.13 | 0.18 | 0.19 | 0.19 | 0.30 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026
Inspired Entertainment, Inc. vs peers in Gambling (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| BRSL Brightstar Lottery | $1.8B | 7.7× | 17.2× | −7.45% (below 0%: shrinking) | n/m | −719.07% (below 0%: shrinking) | 46.92% | 19.69% | Compare |
| ACEL Accel Entertainment, Inc. | $1.1B | 17.6× | 16.1× | +10.27% (above 0%: growing) | +57.13% (above 0%: growing) | +79.67% (above 0%: growing) | 31.38% | 7.92% | Compare |
| CDRO Codere Online Luxembourg, S.A. | $387.0M | — (loss-making) | — | +232.74% (above 0%: growing) | +94.12% (above 0%: growing) | +7,111.62% (above 0%: growing) | 47.71% | 0.00% | Compare |
| MRDN Meridian Holdings, Inc. | $116.3M | — (loss-making) | 13.4× | +16.07% (above 0%: growing) | n/m | +260.25% (above 0%: growing) | 53.50% | 4.86% | Compare |
| INSE Inspired Entertainment, Inc. | $92.3M | — (loss-making) | 8.6× | −24.28% (below 0%: shrinking) | n/m | −193.33% (below 0%: shrinking) | 79.93% | 16.28% | |
| ROLR HIGH ROLLER TEC | $33.0M | 7.0× | — | −51.58% (below 0%: shrinking) | n/m | −316.65% (below 0%: shrinking) | 57.64% | (87.97%) | Compare |
| GRSD Grandstand Limited | $29.3M | — (loss-making) | 10.6× | −4.62% (below 0%: shrinking) | n/m | −95.77% (below 0%: shrinking) | 84.29% | (3.10%) | Compare |
| BRAG Bragg Gaming Group Inc. | $25.3M | — (loss-making) | — (loss-making) | −10.09% (below 0%: shrinking) | n/m | +160.34% (above 0%: growing) | 51.72% | (8.48%) | Compare |
| SEGG Sports Entertainment Gaming Global Corporation | $7.0M | — (loss-making) | — (loss-making) | +1,583.52% (above 0%: growing) | n/m | −404.79% (below 0%: shrinking) | 29.03% | (149.34%) | Compare |
| Median of peers | $74.6M | 7.7× | 14.8× | +2.83% | — | −8.05% | 49.72% | (1.55%) |
Pay and ownership Proxy statement filed 21 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 3.75m | 3.42m | 77.98 |
| 2024 | 2.67m | 1.72m | 71.43 |
| 2023 | 4.51m | 2.89m | 73.88 |
Ownership
Directors and executive officers, together
14.40%
MIHI LLC
11.30%
A. Lorne Weil
11.00%
David L. Kanen / Kanen Wealth Management, LLC
10.10%
Samjo Management, LLC
7.40%
BlackRock, Inc.
5.70%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement