Filing Flows › Inspired Entertainment (INSE) › Q3 2025
Inspired Entertainment (INSE) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Inspired Entertainment (INSE) reported revenue of $86.2M for the third quarter 2025 (Q3 2025), +12% from a year earlier and +7% from the quarter before. Operating margin was 11.3%, net loss $1.9M (2.2% of revenue).
Inspired Entertainment, Q3 2025: revenue $86.2M (+12% year over year), operating margin 11.3%, net loss $1.9M, operating cash flow $10.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $86.2M | +7% | +12% |
| Operating profit | $9.7M | +23% | — |
| Net earnings | −$1.9M | — | — |
| Operating cash flow | $10.1M | -34% | -52% |
| Free cash flow | $4.3M | -23% | -74% |
What changed
Revenue was $86.2M in Q3 2025, up 12% year over year and up 7% from the previous quarter. Leisure was the largest line at 40% of revenue. Interactive added $4.9M year over year (up 48%), 54% of the total change. Virtual Sports declined 17%.
Operating profit was $9.7M, a 11.3% margin (down 3.3 points year over year). Operating profit fell $1.5M even though revenue rose $9.0M versus a year earlier, so costs grew faster than sales. Total costs grew 16% against revenue growth of 12%. The fastest-growing cost line was Other operating costs (+23%). The quarter ended with a net loss of $1.9M, narrower than the previous quarter's $7.8M loss. Net interest and other expense of $12.3M was the main reason.
Operating cash flow was $10.1M (down 52% year over year). Non-cash charges added back $13.2M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $2.6M. Capital expenditures of $5.8M left free cash flow of $4.3M.
Questions
What was Inspired Entertainment's revenue in the third quarter 2025?
Inspired Entertainment (INSE) reported revenue of $86.2M for the third quarter 2025 (Q3 2025), +12% from a year earlier and +7% from the quarter before.
Was Inspired Entertainment profitable in the third quarter 2025?
Operating profit was $9.7M (11.3% of revenue) and net loss $1.9M.