Light & Wonder, Inc.
LNWO Consumer Cyclical Gambling
Light & Wonder, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.3 billion, up 3.95% from fiscal 2024.
- Revenue
- −2.02%
- EPS
- +27.0%
- Free cash flow
- +124.8%
- Total debt
- +0.79%
Quarter to September 2026, against a year earlier
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Light & Wonder, Inc. (LNWO) Shares outstanding
Light & Wonder, Inc.'s shares outstanding at the end of fiscal 2025 was $85.0M, down 6.59% from $91.0M in fiscal 2024. At the end of the quarter to 30 September 2026 it was $77.5M. Over the past ten years it has ranged from $85.0M (fiscal 2025) to $98.0M (fiscal 2021) — the current reading is the lowest in ten years. Light & Wonder, Inc. ranks 7th of 14 Gambling companies by shares outstanding.
Shares outstanding, annual
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Annual newest first
| Period | Shares outstanding | Change |
|---|---|---|
| FY2025 | $85.0M | (6.59%) |
| FY2024 | $91.0M | (2.15%) |
| FY2023 | $93.0M | (2.11%) |
| FY2022 | $95.0M | (3.06%) |
| FY2021 | $98.0M | 3.16% |
| FY2020 | $95.0M | 2.15% |
| FY2019 | $93.0M | 2.20% |
| FY2018 | $91.0M | 2.25% |
| FY2017 | $89.0M | 1.95% |
| FY2016 | $87.3M | 1.63% |
Quarterly newest first
| Period | Shares outstanding | Change |
|---|---|---|
| Sep 2026 | $77.5M | (1.27%) |
| Jun 2026 | $78.5M | (0.88%) |
| Mar 2026 | $79.2M | (6.82%) |
| Dec 2025 | $85.0M | 0.00% |
| 43 more quarters | Free account |
Against its own ten years
Shares outstanding against peers
| Company | Shares outstanding |
|---|---|
| SGHC Super Group (SGHC) Limited compare | $511.7M |
| DKNG DraftKings Inc. compare | $496.1M |
| BRSL Brightstar Lottery compare | $186.0M |
| FLUT Flutter Entertainment PLC compare | $176.0M |
| RSI Rush Street Interactive, Inc. compare | $120.8M |
| ACEL Accel Entertainment, Inc. compare | $83.4M |
| LNWO Light & Wonder, Inc. | $77.5M |
| CHDN Churchill Downs, Incorporated compare | $70.0M |
| CDRO Codere Online Luxembourg, S.A. compare | — |
What Shares outstanding is
Shares (Diluted, Weighted) tells an investor how many shares a company’s earnings are spread across once potential new shares are counted.
Reported line item
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- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
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- P/B ratio
- Price to free cash flow
- EV/EBITDA
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- EV/FCF
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