Company: ACEL
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001698991-25-000051
Chunk: 36

Company: Accel Entertainment, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 36
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— $(849)$— Less Adjustments for:Depreciation and amortization of property and equipment$13,339 $11,001 $38,735 $32,229 Amortization of intangible assets and route and customer acquisition costs6,389 5,781 19,001 16,808 Interest expense, net8,622 9,164 26,078 26,730 Emerging markets— 43 67 121 Loss from unconsolidated affiliates22 1 55 1 Stock-based compensation3,504 3,342 8,384 8,927 (Gain) loss on change in fair value of contingent earnout shares(2,170)4,216 1,209 4,190 Loss on debt extinguishment1,090 — 1,090 — Other expenses, net2,577 3,867 9,490 13,620 Income before income tax expense$17,797 $8,464 $49,755 $39,166 Income tax expense4,492 3,569 14,575 12,269 Net income$13,305 $4,895 $35,180 $26,897 (1)Total net revenues is further disaggregated by revenue stream as included on the condensed consolidated statements of operations and comprehensive income.(2)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.(3)Compensation related costs represent payroll and other related costs that are included in general and administrative on the condensed consolidated statements of operations and comprehensive income.(4)All other segment items include other operating and general and administrative expenses (such as general and administrative expenses related to parts, advertising, information technology, etc.) which are included in general and administrative on the condensed consolidated statements of operations and comprehensive income and cost of manufacturing good sold, as well as, adjustments for stock-based compensation expense and emerging markets.(5)All corporate expenses were allocated to the distributed gaming reportable segment as of September 30, 2025. The "all other" operating segment had total net revenues of $10.3 million and $25.7 million; cost of revenues of $4.7 million and $10.0 million; compensation related costs of $4.4 million and $11.5 million and all other segment items of $1.7 million and $5