Company: ACEL
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001698991-25-000051
Chunk: 17

Company: Accel Entertainment, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 17
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 relevant to the Company, or are not expected to have, or did not have, a material effect on its condensed consolidated financial statements.

Note 3. Inventories

Inventories consist of the following as of September 30, 2025 and December 31, 2024 (in thousands):September 30,2025December 31, 2024Raw materials and manufacturing supplies$7,683 $6,113 Finished products1,873 2,009   Total inventories$9,556 $8,122 As of September 30, 2025 and December 31, 2024, no write down of inventory was determined necessary.

Note 4. Investment in Convertible Notes

On May 31, 2023, the Company and Gold Rush Amusements, Inc. (“Gold Rush”), another terminal operator in Illinois, entered into a settlement agreement which resolved any and all lawsuits and all outstanding obligations under the Company’s investment in Gold Rush’s convertible notes. The Company received the remaining $1.5 million due under the settlement agreement in April 2025. 

Note 5. Property and Equipment

Property and equipment consist of the following as of September 30, 2025, and December 31, 2024 (in thousands):

10

Table of ContentsAccel Entertainment, Inc. and SubsidiariesNotes to Condensed Consolidated Financial Statements — (Continued)

September 30,2025December 31,2024Gaming terminals, software and equipment$455,796 $415,003 Amusement, ATM and other equipment29,070 29,174 Office equipment and furniture7,483 4,281 Computer equipment and software26,043 23,136 Leasehold improvements11,720 10,151 Vehicles22,737 22,974 Buildings and improvements47,478 30,105 Land8,551 7,718 Construction in progress4,215 4,453 Total property and equipment613,093 546,995 Less accumulated depreciation and amortization(272,410)(238,998)Total property and equipment, net$340,683 $307,997 

Depreciation and amortization of property and equipment was $13.3 million and $38.7 million for the three and nine months ended September 30, 2025, respectively. In comparison, depreciation and amortization of property and