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

82.48 6.87 −7.69%
Market cap
$7.0B
P/E
21.8×
Fwd P/E
16.5×
Dividend yield
—
F-score
5/9
Altman Z
2.06
Beneish M
−2.72
Dividend safety
n/a

Light & Wonder, Inc. (LNWO) Shares outstanding

Alert me on 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

Against its own ten years

Low $85.0M High $98.0M
Ten-year median $91.0M
Current reading's percentile 9

Shares outstanding against peers

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

The full definition of Shares outstanding →

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