Filing Flows › Inspired Entertainment (INSE) › Q4 2025
Inspired Entertainment (INSE) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 10, 2026
Inspired Entertainment (INSE) reported revenue of $77.2M for the fourth quarter 2025 (Q4 2025), -7% from a year earlier and -10% from the quarter before. Operating margin was 14.6%, net loss $7.2M (9.3% of revenue).
Inspired Entertainment, Q4 2025: revenue $77.2M (-7% year over year), operating margin 14.6%, net loss $7.2M, operating cash flow $1.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $77.2M | -10% | -7% |
| Operating profit | $11.3M | +16% | — |
| Net earnings | −$7.2M | — | — |
| Operating cash flow | $1.2M | -88% | -83% |
What changed
Revenue was $77.2M in Q4 2025, down 7% year over year and down 10% from the previous quarter. Gaming was the largest line at 47% of revenue.
Operating profit was $11.3M, a 14.6% margin (down 0.9 points year over year). Total costs fell 6% while revenue fell 7%. The quarter ended with a net loss of $7.2M, wider than the previous quarter's $1.9M loss. Net interest and other expense of $10.4M was the main reason.
Operating cash flow was $1.2M (down 83% year over year). Non-cash charges added back $13.3M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items used $7.0M. Capital expenditures of $11.1M exceeded it, leaving free cash flow of −$9.9M.
Questions
What was Inspired Entertainment's revenue in the fourth quarter 2025?
Inspired Entertainment (INSE) reported revenue of $77.2M for the fourth quarter 2025 (Q4 2025), -7% from a year earlier and -10% from the quarter before.
Was Inspired Entertainment profitable in the fourth quarter 2025?
Operating profit was $11.3M (14.6% of revenue) and net loss $7.2M.