Company: ACEL
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001698991-25-000051
Chunk: 4

Company: Accel Entertainment, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 4
---
ITEM 1. FINANCIAL STATEMENTS.

ACCEL ENTERTAINMENT, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited)

(In thousands, except per share amounts)Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Net revenues:Net gaming$308,481 $289,923 $924,351 $871,300 Amusement4,977 5,104 16,402 16,772 Manufacturing1,678 1,705 7,299 9,122 ATM fees and other14,557 5,495 41,462 16,263 Total net revenues329,693 302,227 989,514 913,457 Operating expenses:Cost of revenue (exclusive of depreciation and amortization expense shown below)225,511 210,841 676,741 633,325 Cost of manufacturing goods sold (exclusive of depreciation and amortization expense shown below)916 962 3,878 5,283 General and administrative55,600 47,930 163,482 142,105 Depreciation and amortization of property and equipment13,339 11,001 38,735 32,229 Amortization of intangible assets and route and customer acquisition costs6,389 5,781 19,001 16,808 Other expenses, net2,577 3,867 9,490 13,620 Total operating expenses304,332 280,382 911,327 843,370 Operating income25,361 21,845 78,187 70,087 Interest expense, net8,622 9,164 26,078 26,730 Loss from unconsolidated affiliates22 1 55 1 (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 — 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 Less: