greeksoup/ stock research

Inspired Entertainment (INSE) Q3 FY2026 earnings: revenue $61 million, down 28.8% on the year

Inspired Entertainment, Inc. (INSE) reported revenue of $61 million for Q3 FY2026, the quarter ended 30 September 2026, down 28.8% on the same quarter a year earlier. Net income was -$100,000, and diluted earnings per share $0.00. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue
$61 million
-28.8% on the year · +1.0% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
16.8%
11.3% a year earlier
Q4 FY2024Q3 FY2026
Net income
-$100,000
Q4 FY2024Q3 FY2026
Diluted EPS
$0.00
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 lowered.

  • Like-for-like revenue up about 4%: Reported revenue was $61.4 million, down 29% from $86.2 million, reflecting the November 2025 UK holiday parks divestiture and pubs restructuring. Excluding those changes, revenue rose about 4% despite higher UK remote gaming duty.
  • Record 46% Adjusted EBITDA margin: Adjusted EBITDA was $28.2 million, down 13% from $32.3 million a year earlier and up 4% sequentially. The company described the 46% margin as a record, excluding periods with a UK VAT rebate.
  • Adjusted revenue growth about 9%: Adjusting for the higher UK remote gaming duty, revenue grew about 9%, and Adjusted EBITDA grew at about twice that pace.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Revenue61.460.886.2+1.0%-28.8%
Selling, general and administrative24.7n/a31.7-22.1%
Operating income10.39.99.7+4.0%+6.2%
Operating margin16.8%16.3%11.3%
Interest expense9.69.512.5+1.1%-23.2%
Pre-tax income0.80.6-2.6+33.3%
Income tax0.90.4-0.7+125.0%
Effective tax rate112.5%66.7%n/a
Net income-0.10.2-1.9
Net margin-0.2%0.3%-2.2%
Diluted EPS$0.00$0.01-$0.07
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow16.22.810.1+478.6%+60.4%
Capital expendituren/a2.75.8
Free cash flown/a0.14.3
Free cash flow marginn/a0.2%5.0%
Cash from investing-6.3-8.6-11.0
Cash from financing3.6-13.8-0.7
Depreciation and amortisation14.514.513.20.0%+9.8%
Share-based compensation1.31.61.4-18.8%-7.1%
Buybacks0.02.6n/a
Diluted shares, weighted29m29m29m-2.0%-1.4%
Shares outstanding at period end26m26m27m+0.0%-2.1%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity-13.0-15.6-9.0
Debt325319344+1.9%-5.5%
Operating lease liabilities7.15.87.0+22.4%+1.4%
Finance lease liabilities10.111.316.2-10.6%-37.7%
Other liabilities82.672.0127+14.7%-35.1%
Total liabilities and equity412393486+4.9%-15.2%
Fixed assets51.656.353.6-8.3%-3.7%
Goodwill61.361.262.1+0.2%-1.3%
Cash and equivalents36.523.236.3+57.3%+0.6%
Receivables41.0n/an/a
Inventory25.617.726.7+44.6%-4.1%
Other assets196234307-16.3%-36.1%
Total assets412393486+4.9%-15.2%

Questions

What was Inspired Entertainment's revenue in Q3 FY2026?

Inspired Entertainment (INSE) reported revenue of $61 million for Q3 FY2026, the quarter ended 30 September 2026, down 28.8% on the same quarter a year earlier.

How much did Inspired Entertainment earn in Q3 FY2026?

Net loss for Q3 FY2026 was $100,000, and diluted earnings per share $0.00.

When did Inspired Entertainment report Q3 FY2026 results?

Inspired Entertainment filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

Q4 FY2021 * †Q1 FY2022 †Q2 FY2022 †Q3 FY2022 †Q4 FY2022 * †Q1 FY2023 †Q2 FY2023 †Q3 FY2023 †Q4 FY2023 * †Q1 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024 * †Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue67.060.370.574.278.664.979.497.581.162.374.877.282.860.480.386.277.257.260.861.4
Cost of revenue10.416.817.820.311.615.020.521.429.415.9n/an/an/an/an/an/an/an/an/an/a
Gross profit56.643.552.753.967.049.958.976.151.746.4n/an/an/an/an/an/an/an/an/an/a
Gross margin84%72%75%73%85%77%74%78%64%74%n/an/an/an/an/an/an/an/an/an/a
SG&A27.720.423.125.222.426.323.523.630.931.929.229.6n/an/an/a31.7n/an/an/a24.7
Operating income6.46.912.215.312.44.613.812.29.2-2.18.711.212.91.67.99.711.39.29.910.3
Operating margin10%11%17%21%16%7%17%13%11%-3%12%15%16%3%10%11%15%16%16%17%
Interest expense6.46.55.96.36.66.37.36.97.26.66.67.58.57.07.112.510.710.59.59.6
Pre-tax income-2.71.66.69.35.9-1.66.65.42.1-8.52.23.84.3-5.21.0-2.60.9-1.20.60.8
Tax raten/a6%3%1%29%n/a15%37%105%n/a36%26%-1456%n/a880%n/a900%n/a67%112%
Net income-1.21.56.49.24.1-1.45.63.40.3-6.41.42.867.0-0.1-7.8-1.9-7.2-0.50.2-0.1
Net margin-2%2%9%12%5%-2%7%3%0%-10%2%4%81%-0%-10%-2%-9%-1%0%-0%
Diluted EPSn/a$0.05$0.22$0.32$0.11-$0.05$0.19$0.12n/a-$0.22$0.05$0.10$2.33$0.00-$0.27-$0.07-$0.25-$0.02$0.01$0.00
Operating cash flow-0.82.710.824.0-5.211.622.7-2.210.26.0-5.726.9n/a25.515.210.11.226.72.816.2
Capital expenditure3.15.66.35.14.65.53.210.812.74.42.94.4n/a9.29.65.811.13.72.7n/a
Free cash flow-3.9-2.94.518.9-9.86.119.5-13.0-2.51.6-8.622.5n/a16.35.64.3-9.923.00.1n/a
Buybacksn/an/an/a4.9n/an/an/a1.5n/an/an/an/an/an/an/an/an/a2.62.60.0
Shares outstanding26m27m26m26m26m26m26m26m26m27m27m27m27m27m27m27m27m27m26m26m
Filing10-K10-Q/A10-Q/A10-Q10-K10-Q/A10-Q/A10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.