Filing Flows › Accel Entertainment (ACEL) › Q2 2025
Accel Entertainment (ACEL) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Accel Entertainment (ACEL) reported revenue of $336M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +4% from the quarter before. Operating margin was 8.0%, net earnings $7.3M (2.2% of revenue).
Accel Entertainment, Q2 2025: revenue $336M (+9% year over year), operating margin 8.0%, net earnings $7.3M, operating cash flow $19.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $336M | +4% | +9% |
| Operating profit | $26.9M | +4% | +18% |
| Net earnings | $7.3M | -50% | -50% |
| Operating cash flow | $19.8M | -56% | -31% |
What changed
Revenue was $335.9M in Q2 2025, up 9% year over year and up 4% from the previous quarter. Net gaming was the largest line at 93% of revenue. Net gaming added $20.7M year over year (up 7%), 78% of the total change. Manufacturing declined 66%.
Operating profit was $26.9M, a 8.0% margin (up 0.7 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 7% margin then. Total costs grew 8% against revenue growth of 9%. The fastest-growing cost line was General & admin (+18%). Net earnings were $7.3M, down 50% year over year. The effective tax rate was 41.2%.
Operating cash flow was $19.8M (down 31% year over year), 273% of net earnings. Non-cash charges added back $13.7M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items used $3.9M. Capital expenditures of $26.0M exceeded it, leaving free cash flow of −$6.2M.
Questions
What was Accel Entertainment's revenue in the second quarter 2025?
Accel Entertainment (ACEL) reported revenue of $336M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +4% from the quarter before.
Was Accel Entertainment profitable in the second quarter 2025?
Operating profit was $26.9M (8.0% of revenue) and net earnings $7.3M.