Company: ACEL
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001698991-25-000051
Chunk: 47

Company: Accel Entertainment, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 47
---
 differences between the financial statement carrying amounts and the tax basis of the assets and liabilities. 

Results of Operations

The following table summarizes our results of operations on a consolidated basis for the three months ended September 30, 2025 and 2024:

(in thousands, except %'s)Three Months EndedSeptember 30,Increase / (Decrease)20252024Change ($)Change (%)Net revenues:Net gaming$308,481 $289,923 $18,558 6.4 %Amusement4,977 5,104 (127)(2.5)%Manufacturing1,678 1,705 (27)(1.6)%ATM fees and other14,557 5,495 9,062 164.9 %Total net revenues329,693 302,227 27,466 9.1 %Operating expenses:Cost of revenue (exclusive of depreciation and amortization expense shown below)225,511 210,841 14,670 7.0 %Cost of manufacturing goods sold (exclusive of depreciation and amortization expense shown below)916 962 (46)(4.8)%General and administrative55,600 47,930 7,670 16.0 %Depreciation and amortization of property and equipment13,339 11,001 2,338 21.3 %Amortization of intangible assets and route and customer acquisition costs6,389 5,781 608 10.5 %Other expenses, net2,577 3,867 (1,290)(33.4)%Total operating expenses304,332 280,382 23,950 8.5 %Operating income25,361 21,845 3,516 16.1 %Interest expense, net8,622 9,164 (542)(5.9)%Loss from unconsolidated affiliates22 1 21 2,100.0 %(Gain) loss on change in fair value of contingent earnout shares(2,170)4,216 (6,386)(151.5)%Loss on debt extinguishment1,090 — 1,090 N/AIncome before income tax expense17,797 8,464 9,333 110.3 %Income tax expense4,492 3,569 923 25.9 %Net income$13,305 $4