Company: ACEL
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001698991-25-000034
Chunk: 71

Company: Accel Entertainment, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 2
Chunk 71
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 in the tax rate year over year.

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

(in thousands, except %'s)Six Months EndedJune 30,Increase / (Decrease)20252024Change ($)Change (%)Net revenues:Net gaming$615,870 $581,377 $34,493 5.9 %Amusement11,425 11,668 (243)(2.1)%Manufacturing5,621 7,417 (1,796)(24.2)%ATM fees and other26,905 10,768 16,137 149.9 %Total net revenues659,821 611,230 48,591 7.9 %Operating expenses:Cost of revenue (exclusive of depreciation and amortization expense shown below)451,230 422,484 28,746 6.8 %Cost of manufacturing goods sold (exclusive of depreciation and amortization expense shown below)2,962 4,321 (1,359)(31.5)%General and administrative107,882 94,175 13,707 14.6 %Depreciation and amortization of property and equipment25,396 21,228 4,168 19.6 %Amortization of intangible assets and route and customer acquisition costs12,612 11,027 1,585 14.4 %Other expenses, net6,913 9,753 (2,840)(29.1)%Total operating expenses606,995 562,988 44,007 7.8 %Operating income52,826 48,242 4,584 9.5 %Interest expense, net17,456 17,566 (110)(0.6)%Loss from unconsolidated affiliates33 — 33 100.0 %Loss (gain) on change in fair value of contingent earnout shares3,379 (26)3,405 13,096.2 %Income before income tax expense31,958 30,702 1,256 4.1 %Income tax expense10,083 8,700 1,383 15.9 %Net income$21,875 $22,002 $(127)(0.6)%

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Net revenues

Total net