Filing Flows › Accel Entertainment (ACEL) › Q1 2025
Accel Entertainment (ACEL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
Accel Entertainment (ACEL) reported revenue of $324M for the first quarter 2025 (Q1 2025), +7% from a year earlier and +2% from the quarter before. Operating margin was 8.0%, net earnings $14.6M (4.5% of revenue).
Accel Entertainment, Q1 2025: revenue $324M (+7% year over year), operating margin 8.0%, net earnings $14.6M, operating cash flow $44.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $324M | +2% | +7% |
| Operating profit | $26.0M | +25% | +2% |
| Net earnings | $14.6M | +74% | +97% |
| Operating cash flow | $44.8M | +231% | +56% |
| Free cash flow | $18.0M | +768% | +122% |
What changed
Revenue was $323.9M in Q1 2025, up 7% year over year and up 2% from the previous quarter. Net gaming was the largest line at 93% of revenue. Net gaming added $13.8M year over year (up 5%), 63% of the total change. Amusement declined 4%.
Operating profit was $26.0M, a 8.0% margin (down 0.5 points year over year). Of the extra revenue versus a year earlier, 2% reached operating profit, below the 8% margin then. Total costs grew 8% against revenue growth of 7%. The fastest-growing cost line was Cost of revenue (+79%). Net earnings were $14.6M, up 97% year over year. The effective tax rate was 25.5%.
Operating cash flow was $44.8M (up 56% year over year), 306% of net earnings. Non-cash charges added back $12.9M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items added $15.1M. Capital expenditures of $26.8M left free cash flow of $18.0M.
Questions
What was Accel Entertainment's revenue in the first quarter 2025?
Accel Entertainment (ACEL) reported revenue of $324M for the first quarter 2025 (Q1 2025), +7% from a year earlier and +2% from the quarter before.
Was Accel Entertainment profitable in the first quarter 2025?
Operating profit was $26.0M (8.0% of revenue) and net earnings $14.6M.