Inspired Entertainment, Inc.
- Open
- 8.24
- Day high
- 8.24
- Day low
- 7.88
- Prev close
- 8.25
- Volume
- 40K
- Mkt cap
- $210M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- -17.0
- P/S
- 0.7
- Yield
- —
- Per share
- —
Inspired Entertainment, Inc. (INSE) is a Consumer Cyclical company listed on NASDAQ. The stock is down 2% over the past year.
Inspired Entertainment, Inc. (INSE) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
INSE earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $-0.15 | $-0.02 | +86.7% | $57M | -2.9% |
| Mar 10, 2026 | $0.23 | $-0.18 | -176.9% | $77M | +25.6% |
| Nov 5, 2025 | $0.30 | $0.28 | -6.7% | $86M | +13.3% |
| May 8, 2025 | $-0.14 | $-0.00 | +97.5% | $60M | -22.3% |
| Mar 17, 2025 | $0.29 | $2.33 | +703.4% | $80M | +16.3% |
| Nov 7, 2024 | $0.25 | $0.12 | -52.0% | $78M | -4.5% |
| Aug 8, 2024 | $0.10 | $0.07 | -30.0% | $76M | -7.0% |
| May 10, 2024 | $-0.00 | $-0.02 | -1298.6% | $63M | -2.0% |
| Feb 27, 2024 | — | $-0.01 | — | $66M | — |
| Mar 11, 2022 | $0.16 | $-0.05 | -131.3% | $67M | +8.7% |
| Nov 11, 2021 | $-0.08 | $0.30 | +475.0% | $78M | -80.7% |
| Aug 12, 2021 | $-0.79 | $-1.48 | -87.3% | $42M | +41.9% |
INSE insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 18, 2026 | Wilson Craig Kyleofficer: Chief Financial Officer | Grant | 30,000 | — |
| Mar 27, 2026 | PIERCE BROOKS Hofficer: President and CEO | Buy | 13,332 | $6.88 |
| Mar 27, 2026 | PIERCE BROOKS Hofficer: President and CEO | Buy | 1,668 | $6.66 |
| Mar 27, 2026 | Chambrello Michael R.director | Buy | 5,188 | $6.90 |
| Mar 27, 2026 | Chambrello Michael R.director | Buy | 4,812 | $6.95 |
| Mar 27, 2026 | PIERCE BROOKS Hofficer: President and CEO | Buy | 5,000 | $6.76 |
| Mar 27, 2026 | WEIL A LORNEdirector, 10 percent owner, officer: Executive Chairman | Buy | 20,000 | $6.80 |
| Mar 27, 2026 | WEIL A LORNEdirector, 10 percent owner, officer: Executive Chairman | Buy | 21,659 | $6.85 |
| Mar 27, 2026 | WEIL A LORNEdirector, 10 percent owner, officer: Executive Chairman | Buy | 8,341 | $6.66 |
| Mar 13, 2026 | Camilleri Simonaofficer: General Counsel | Grant | 6,069 | — |
| Mar 12, 2026 | WEIL A LORNEdirector, 10 percent owner, officer: Executive Chairman | Grant | 39,536 | — |
| Mar 12, 2026 | PIERCE BROOKS Hofficer: President and CEO | Grant | 61,775 | — |
| Mar 12, 2026 | PIERCE BROOKS Hofficer: President and CEO | Grant | 25,526 | — |
| Mar 12, 2026 | Richardson James Andrewofficer: Chief Financial Officer | Grant | 7,284 | — |
| Mar 12, 2026 | WEIL A LORNEdirector, 10 percent owner, officer: Executive Chairman | Grant | 41,666 | — |
Source: INSE SEC Form 4 filings, latest May 18, 2026. For informational purposes only — not investment advice.
See the full INSE insider & 13F page →Inspired Entertainment, Inc. company profile
Overview
Inspired Entertainment, Inc. (NASDAQ:INSE) is a business-to-business gaming technology company founded in 2002 and publicly traded since 2014. Based in New York, the company supplies content, platforms, and gaming solutions to regulated lottery, betting, and gaming operators worldwide. Inspired has evolved from a traditional gaming equipment manufacturer into a diversified gaming technology provider with significant digital operations, serving customers across Europe, North America, and emerging markets.
Business
Inspired Entertainment operates in the global gaming and gambling technology industry, providing specialized software, hardware, and content solutions to regulated operators. The gaming technology sector serves as the backbone infrastructure for casinos, betting shops, lottery operators, and online gaming platforms, enabling these businesses to offer entertainment products to consumers. The company operates through four distinct business segments: 1. Gaming Segment (~40% of revenue): Supplies physical gaming terminals, software, and traditional casino games to betting offices, casinos, gaming halls, and high street adult gaming centers. Their flagship products include the Vantage cabinet series and digital terminals under the Centurion and Super Hot Fruits brands, offering games like roulette, blackjack, and number games. 2. Virtual Sports Segment (~25% of revenue): Designs and distributes ultra-high-definition virtual sports betting content including simulated greyhound racing, tennis, motor racing, cycling, cricket, and football. Popular products include V-Play Soccer, V-Play Football, Virtual Grand National, and licensed content featuring NFL, NBA, and NHL themes. 3. Interactive Segment (~22% of revenue, growing rapidly): Provides online casino content including random number generated games, feature-rich bonus games, European-style casino free spins, and table games. This segment also includes their innovative Hybrid Dealer product, which combines live dealer experiences with automated technology for online casinos. 4. Leisure Segment (~13% of revenue): Supplies gaming terminals and amusement machines to pubs, bingo halls, family entertainment centers, bowling centers, and holiday parks across the UK.
Revenue model
Inspired Entertainment generates revenue through multiple business models tailored to each segment. The Gaming segment operates on a recurring revenue model, where operators pay ongoing service fees and revenue sharing arrangements for terminal placements, creating predictable cash flows. Terminal sales provide upfront revenue but represent a smaller portion of the business. The Virtual Sports segment utilizes a licensing and revenue-sharing model, where betting operators pay fees based on betting turnover generated from Inspired's virtual sports content. This creates scalable revenue streams as the same content can be distributed to multiple operators simultaneously. The Interactive segment employs a revenue-sharing model where Inspired receives a percentage of gross gaming revenue generated by their casino games and content on operator platforms. The Hybrid Dealer product operates on similar terms but commands premium rates due to its innovative live-dealer technology. The Leisure segment combines terminal placement fees with revenue sharing from machines placed in entertainment venues, plus direct holiday park operations that generate accommodation and entertainment revenue. Key factors that influence margins include regulatory changes in core markets (particularly UK gambling regulations), competition from larger gaming technology providers, foreign exchange fluctuations affecting international operations, and the shift toward higher-margin digital products. The company benefits from the ongoing digitization of gambling, expansion into new geographic markets like Brazil and South Africa, and the development of premium products like licensed sports content and live dealer technology that command higher revenue shares.
Competitive moat
Inspired Entertainment operates in a moderately competitive gaming technology sector with limited but meaningful competitive advantages. The company's primary moat stems from regulatory barriers and certification requirements that create switching costs for operators. Gaming technology must undergo extensive testing and certification in each jurisdiction, creating time and cost barriers for new entrants and making operator relationships sticky once established. The company has developed specialized expertise in virtual sports content creation, where it holds a strong market position with high-quality, ultra-high-definition simulated sports that require significant technical capabilities to replicate. Their licensed content partnerships with major sports leagues (NFL, NBA, NHL) provide temporary exclusivity advantages in certain markets. However, Inspired's moat is not particularly strong. The company faces competition from larger, well-capitalized gaming technology providers like Scientific Games, IGT, and Playtech, who have greater resources for research and development. The gaming technology industry is also subject to rapid technological change, requiring continuous investment to maintain competitiveness. The Interactive segment faces intense competition from numerous online casino content providers, making differentiation challenging. The company's Hybrid Dealer product represents an innovative approach that could provide competitive advantages, but this technology could potentially be replicated by competitors with sufficient resources. Geographic diversification provides some protection, as regulatory requirements vary by jurisdiction, but this also limits the scalability of certain products and increases operational complexity.
Risks & safety
The company presents moderate financial risk with mixed safety indicators: • Liquidity position: Current ratio of 1.43x with $39 million cash, providing reasonable short-term liquidity • Debt burden: Total liabilities of $461 million exceed total assets of $459 million, indicating negative book value and high leverage • Cash generation: Positive operating cash flow of $25.5 million and free cash flow of $16.3 million in Q1 2025, showing improving cash generation • Solvency risk: High debt levels create refinancing risk, though the company recently completed a bond refinancing extending maturity to 2029 • Valuation metrics: Trading at negative EV/EBITDA due to recent losses, P/E ratio around 8x based on recent profitability • EBITDA volatility: Negative EBITDA of -$22.8 million in Q1 2025 versus positive $24.3 million in Q4 2024, showing earnings instability • Other considerations: Planned sale of holiday park business should improve balance sheet; management targeting 40%+ EBITDA margins as digital business grows; exposure to regulatory changes in key markets like UK creates additional risk.
Recent development
Over the past few years, Inspired Entertainment has undergone a significant strategic transformation focused on digitization and geographic expansion. The company has shifted from primarily hardware-based gaming terminals toward high-margin digital content and software solutions. The Interactive segment has emerged as a key growth driver, with revenue growing 40-49% year-over-year in recent quarters and EBITDA margins expanding from 54% to 67%. The company launched its innovative Hybrid Dealer product, combining live dealer experiences with automated technology, now live with major operators including BetMGM, bet365, and Caesars. This product has shown strong early metrics with monthly turnover doubling and active players increasing over 50% in initial markets. In Virtual Sports, the company secured major licensing deals with NFL, NBA, and NHL to create premium sports betting content, targeting expansion in North American and Latin American markets. They developed Brazil-specific soccer content and launched their first online lottery product, diversifying beyond traditional sports betting applications. The company has pursued operational efficiency initiatives, including outsourcing manufacturing, closing their Wales facility, and consolidating logistics operations, expecting approximately $3 million in annual savings. They completed a refinancing with 5-year sterling-denominated floating rate bonds and are exploring the sale of their holiday park business to focus resources on higher-growth digital segments. Geographic expansion has accelerated with new market entries in Peru, South Africa, Brazil, West Virginia, and Turkey, while strengthening positions in established markets like Greece and Illinois.
INSE company profile · for informational purposes only — not investment advice.
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