Filing Flows › Accel Entertainment (ACEL) › Q4 2025
Accel Entertainment (ACEL) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 3, 2026
Accel Entertainment (ACEL) reported revenue of $341M for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and +4% from the quarter before. Operating margin was 8.7%, net earnings $16.1M (4.7% of revenue).
Accel Entertainment, Q4 2025: revenue $341M (+8% year over year), operating margin 8.7%, net earnings $16.1M, operating cash flow $31.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $341M | +4% | +8% |
| Operating profit | $29.7M | +17% | +43% |
| Net earnings | $16.1M | +21% | +92% |
| Operating cash flow | $31.1M | -44% | +130% |
| Free cash flow | $16.0M | -53% | +670% |
What changed
Revenue was $341.4M in Q4 2025, up 8% year over year and up 4% from the previous quarter. Net gaming was the largest line at 93% of revenue.
Operating profit was $29.7M, a 8.7% margin (up 2.1 points year over year). Of the extra revenue versus a year earlier, 37% reached operating profit, above the 7% margin then. Total costs grew 5% against revenue growth of 8%. Net earnings were $16.2M, up 93% year over year. The effective tax rate was 27.4%.
Operating cash flow was $31.1M (up 130% year over year), 193% of net earnings. Non-cash charges added back $14.5M of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items used $3.3M. Capital expenditures of $15.1M left free cash flow of $16.0M.
Questions
What was Accel Entertainment's revenue in the fourth quarter 2025?
Accel Entertainment (ACEL) reported revenue of $341M for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and +4% from the quarter before.
Was Accel Entertainment profitable in the fourth quarter 2025?
Operating profit was $29.7M (8.7% of revenue) and net earnings $16.1M.