Filing Flows › Accel Entertainment (ACEL) › Q3 2025
Accel Entertainment (ACEL) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Accel Entertainment (ACEL) reported revenue of $330M for the third quarter 2025 (Q3 2025), +9% from a year earlier and -2% from the quarter before. Operating margin was 7.7%, net earnings $13.3M (4.0% of revenue).
Accel Entertainment, Q3 2025: revenue $330M (+9% year over year), operating margin 7.7%, net earnings $13.3M, operating cash flow $55.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $330M | -2% | +9% |
| Operating profit | $25.4M | -6% | +16% |
| Net earnings | $13.3M | +83% | +172% |
| Operating cash flow | $55.2M | +179% | +10% |
| Free cash flow | $34.2M | — | +3% |
What changed
Revenue was $329.7M in Q3 2025, up 9% year over year and down 2% from the previous quarter. Net gaming was the largest line at 94% of revenue. Net gaming added $18.6M year over year (up 6%), 68% of the total change. Amusement declined 2%.
Operating profit was $25.4M, a 7.7% margin (up 0.5 points year over year). Of the extra revenue versus a year earlier, 13% reached operating profit, above the 7% margin then. Total costs grew 9% against revenue growth of 9%. The fastest-growing cost line was General & admin (+16%). Net earnings were $13.4M, up 173% year over year. The effective tax rate was 25.2%.
Operating cash flow was $55.2M (up 10% year over year), 415% of net earnings. Non-cash charges added back $13.3M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items added $25.1M. Capital expenditures of $21.0M left free cash flow of $34.2M.
Questions
What was Accel Entertainment's revenue in the third quarter 2025?
Accel Entertainment (ACEL) reported revenue of $330M for the third quarter 2025 (Q3 2025), +9% from a year earlier and -2% from the quarter before.
Was Accel Entertainment profitable in the third quarter 2025?
Operating profit was $25.4M (7.7% of revenue) and net earnings $13.3M.