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. In the quarter to June 2026, revenue fell 24.3%, EPS grew 102.6%, free cash flow fell 193.3% and total debt fell 9.92%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Inspired Entertainment, Inc. (INSE) Piotroski F-score
Inspired Entertainment, Inc.'s Piotroski F-score for fiscal 2025 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, down from 5 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 4 | (1.00) |
| FY2024 | 5 | 1.00 |
| FY2023 | 4 | (4.00) |
| FY2022 | 8 | 3.00 |
| FY2021 | 5 | 0.00 |
| FY2020 | 5 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (3.87%) | 16.59% | Fail | 0 |
| Positive operating cash flow | 52.00m | 31.70m | Pass | 1 |
| Rising return on assets | (3.87%) | 16.59% | Fail | 0 |
| Cash flow above net income | 69.00m | (33.10m) | Pass | 1 |
| Falling long-term leverage | 0.82 | 0.80 | Fail | 0 |
| Rising current ratio | 2.23 | 1.54 | Pass | 1 |
| No new shares issued | 29,060,000 | 28,521,000 | Fail | 0 |
| Rising gross margin | 71.56% | 68.93% | Pass | 1 |
| Rising asset turnover | 0.69 | 0.76 | Fail | 0 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| ACEL Accel Entertainment, Inc. compare | 6 |
| BRAG Bragg Gaming Group Inc. compare | 5 |
| CDRO Codere Online Luxembourg, S.A. compare | 5 |
| BRSL Brightstar Lottery compare | 4 |
| INSE Inspired Entertainment, Inc. | 4 |
| ROLR HIGH ROLLER TEC compare | 4 |
| MRDN Meridian Holdings, Inc. compare | 4 |
| GRSD Grandstand Limited compare | 4 |
| SEGG Sports Entertainment Gaming Global Corporation compare | 3 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover