Dave & Buster's Entertainment, Inc.
PLAY Communication Services Entertainment
Dave & Buster's Entertainment, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $2.1 billion, down 1.40% from fiscal 2025. In the quarter to July 2026, revenue fell 2.39%, EPS fell 209.1%, free cash flow grew 31.3% and total debt fell 3.15%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Dave & Buster's Entertainment, Inc. (PLAY) Altman Z-score
Dave & Buster's Entertainment, Inc.'s Altman Z-score for fiscal 2026 is 0.79, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 0.79 | (0.21) |
| FY2025 | 1.00 | (0.38) |
| FY2024 | 1.38 | 0.12 |
| FY2023 | 1.26 | (0.17) |
| FY2022 | 1.43 | 1.14 |
| FY2021 | 0.29 | (1.04) |
| FY2020 | 1.33 | (1.69) |
| FY2019 | 3.02 | (0.07) |
| FY2018 | 3.09 | (0.65) |
| FY2017 | 3.74 | 1.12 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.08) | — | −0.09 | |
| Retained earnings / total assets | 0.15 | — | 0.21 | |
| EBIT / total assets | 0.02 | — | 0.07 | |
| Market value of equity / total liabilities | 0.16 | — | 0.10 | |
| Sales / total assets | 0.51 | — | 0.51 | |
| Altman Z-score | Distress zone | 0.79 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | 0.15 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| AENT Alliance Entertainment Holding Corporation compare | 4.2× |
| HUYA HUYA Inc. Sponsored ADR compare | 2.5× |
| AMCX AMC Global Media Inc. compare | 1.7× |
| MCS Marcus Corporation (The) compare | 1.6× |
| RSVR Reservoir Media, Inc. compare | 1.1× |
| PLAY Dave & Buster's Entertainment, Inc. | 0.8× |
| IQ iQIYI, Inc. Sponsored ADR compare | −0.8× |
| ANGX Angel Studios, Inc. compare | −1.1× |
| STRZ Starz Entertainment Corp. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets