Filing Flows › Inspired Entertainment (INSE) › Q1 2025
Inspired Entertainment (INSE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Inspired Entertainment (INSE) reported revenue of $60.4M for the first quarter 2025 (Q1 2025), -3% from a year earlier and -27% from the quarter before. Operating margin was 2.6%, net loss $100K (0.2% of revenue).
Inspired Entertainment, Q1 2025: revenue $60.4M (-3% year over year), operating margin 2.6%, net loss $100K, operating cash flow $25.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $60.4M | -27% | -3% |
| Operating profit | $1.6M | — | — |
| Net earnings | −$100K | — | — |
| Operating cash flow | $25.5M | +270% | +325% |
| Free cash flow | $16.3M | +919% | +919% |
What changed
Revenue was $60.4M in Q1 2025, down 3% year over year and down 27% from the previous quarter. Gaming was the largest line at 36% of revenue. Virtual Sports lost $3.7M year over year (down 30%), 195% of the total change.
Operating profit was $1.6M, a 2.6% margin (up 6.0 points year over year). Total costs fell 9% while revenue fell 3%. The fastest-growing cost line was Other operating costs (+72%). The quarter ended with a net loss of $100K, after a profit of $65.1M the previous quarter. Net interest and other expense of $6.8M was the main reason.
Operating cash flow was $25.5M (up 325% year over year). Non-cash charges added back $10.6M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items added $13.6M. Capital expenditures of $9.2M left free cash flow of $16.3M.
Questions
What was Inspired Entertainment's revenue in the first quarter 2025?
Inspired Entertainment (INSE) reported revenue of $60.4M for the first quarter 2025 (Q1 2025), -3% from a year earlier and -27% from the quarter before.
Was Inspired Entertainment profitable in the first quarter 2025?
Operating profit was $1.6M (2.6% of revenue) and net loss $100K.