Company: ACEL
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001698991-25-000034
Chunk: 68

Company: Accel Entertainment, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 2
Chunk 68
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 gaming$313,919 $293,240 $20,679 7.1 %Amusement5,517 5,539 (22)(0.4)%Manufacturing1,763 5,208 (3,445)(66.1)%ATM fees and other14,710 5,426 9,284 171.1 %Total net revenues335,909 309,413 26,496 8.6 %Operating expenses:Cost of revenue (exclusive of depreciation and amortization expense shown below)229,758 213,317 16,441 7.7 %Cost of manufacturing goods sold (exclusive of depreciation and amortization expense shown below)886 3,162 (2,276)(72.0)%General and administrative54,878 46,541 8,337 17.9 %Depreciation and amortization of property and equipment13,095 10,794 2,301 21.3 %Amortization of intangible assets and route and customer acquisition costs6,322 5,589 733 13.1 %Other expenses, net4,096 7,327 (3,231)(44.1)%Total operating expenses309,035 286,730 22,305 7.8 %Operating income26,874 22,683 4,191 18.5 %Interest expense, net8,771 8,906 (135)(1.5)%Loss from unconsolidated affiliates17 — 17 100.0 %Loss (gain) on change in fair value of contingent earnout shares5,734 (4,742)10,476 220.9 %Income before income tax expense12,352 18,519 (6,167)(33.3)%Income tax expense5,090 3,933 1,157 29.4 %Net income$7,262 $14,586 $(7,324)(50.2)%

31

Net revenues

Total net revenues for the three months ended June 30, 2025 were $335.9 million, an increase of $26.5 million, or 8.6%, compared to the prior-year period. This increase was primarily driven by higher net gaming revenue of $20.7 million, which reflected an increase in gaming locations and terminals, and higher ATM fees