Company: ACEL
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001698991-25-000034
Chunk: 4

Company: Accel Entertainment, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 4
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ITEM 1. FINANCIAL STATEMENTS.

ACCEL ENTERTAINMENT, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited)

(In thousands, except per share amounts)Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Net revenues:Net gaming$313,919 $293,240 $615,870 $581,377 Amusement5,517 5,539 11,425 11,668 Manufacturing1,763 5,208 5,621 7,417 ATM fees and other14,710 5,426 26,905 10,768 Total net revenues335,909 309,413 659,821 611,230 Operating expenses:Cost of revenue (exclusive of depreciation and amortization expense shown below)229,758 213,317 451,230 422,484 Cost of manufacturing goods sold (exclusive of depreciation and amortization expense shown below)886 3,162 2,962 4,321 General and administrative54,878 46,541 107,882 94,175 Depreciation and amortization of property and equipment13,095 10,794 25,396 21,228 Amortization of intangible assets and route and customer acquisition costs6,322 5,589 12,612 11,027 Other expenses, net4,096 7,327 6,913 9,753 Total operating expenses309,035 286,730 606,995 562,988 Operating income26,874 22,683 52,826 48,242 Interest expense, net8,771 8,906 17,456 17,566 Loss from unconsolidated affiliates17 — 33 — Loss (gain) on change in fair value of contingent earnout shares5,734 (4,742)3,379 (26)Income before income tax expense 12,352 18,519 31,958 30,702 Income tax expense5,090 3,933 10,083 8,700 Net income$7,262 $14,586 $21,875 $22,002 Less: Net income attributed to redeemable noncontrolling interests(53)— (79