Brightstar Lottery logo BRSL - Brightstar Lottery

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 4
HOLD 2
SELL 0
STRONG
SELL 0
| PRICE TARGET: $15.40 DETAILS
HIGH: $20.00
LOW: $12.60
MEDIAN: $14.50
CONSENSUS: $15.40
UPSIDE: 37.50%
Annual Quarterly
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4
Revenue
Revenue 587 668 629 630 583 652 586 613 661 681
Cost of Revenue 366 339 307 356 327 366 283 326 330 366
Gross Profit 221 329 322 274 256 286 303 287 331 315
Operating Expenses
R&D Expenses 14 13 11 12 11 11 12 11 11 10
SG&A Expenses 80 82 73 100 104 93 91 96 102 95
Other Expenses 0 0 55 3 3 2 90 1 (1) 0
Operating Expenses 94 95 139 115 118 106 193 108 112 105
Operating Income
Operating Income 127 234 183 159 138 180 110 179 219 210
Interest Expense 43 73 36 49 49 48 53 53 53 54
Interest Income 0 0 0 4 3 2 2 5 0 0
Profitability
EBITDA 281 234 278 146 207 355 169 280 325 244
EBIT 127 176 170 39 105 254 68 180 226 142
Income Before Tax 92 120 134 (10) 56 206 15 127 173 88
Income Tax Expense 29 28 40 50 48 89 61 43 57 15
Net Income 37 61 117 (58) 27 218 7 42 82 (8)
Per Share Data
EPS (Basic) 0.20 0.32 0.28 -0.29 0.13 1.08 0.04 0.21 0.41 -0.04
EPS (Diluted) 0.20 0.32 0.29 -0.29 0.13 1.07 0.04 0.21 0.40 -0.04
Shares Outstanding 186 190.6 203 203 202 202 202 201 200 200
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4
Current Assets
Cash & Cash Equivalents 1,274 1,446 1,696 1,309 631 584 501 438 377 654
Short-Term Investments 0 0 0 0 0 0 0 0 0 0
Net Receivables 561 526 605 428 432 489 430 651 723 457
Inventory 125 116 115 117 113 113 123 310 321 110
Other Current Assets 816 248 57 5,202 5,038 4,934 4,943 564 523 857
Total Current Assets 2,776 2,336 2,516 7,056 6,214 6,165 6,055 1,963 1,944 2,123
Non-Current Assets
Property, Plant & Equipment 891 860 841 822 794 767 758 1,231 1,248 799
Goodwill 2,696 2,707 2,707 2,706 2,668 2,650 2,684 4,485 4,491 2,678
Intangible Assets 124 125 104 90 86 567 638 1,492 1,522 87
Long-Term Investments 0 0 40 0 0 0 0 0 0 46
Other Non-Current Assets 2,977 3,130 3,038 563 578 93 83 871 923 4,695
Total Non-Current Assets 6,688 6,822 6,772 4,181 4,126 4,114 4,196 8,079 8,184 8,342
Total Assets 9,464 9,158 9,288 11,238 10,340 10,278 10,252 10,042 10,128 10,465
Current Liabilities
Account Payables 730 766 758 680 688 718 662 695 733 643
Short-Term Debt 229 118 151 1,861 216 208 251 713 721 44
Deferred Revenue 0 0 67 0 0 36 63 0 0 33
Other Current Liabilities 2,188 2,188 2,444 1,586 1,605 1,490 1,361 923 982 795
Total Current Liabilities 3,147 3,072 3,420 4,127 2,509 2,687 2,563 2,331 2,436 1,691
Non-Current Liabilities
Long-Term Debt 3,778 4,060 4,064 4,689 5,462 5,154 5,406 4,834 4,817 5,655
Deferred Tax Liabilities 197 0 232 206 167 208 213 349 337 178
Other Non-Current Liabilities 158 364 65 125 127 60 65 452 474 851
Total Non-Current Liabilities 4,208 4,496 4,514 5,099 5,836 5,530 5,795 5,834 5,834 6,820
Total Liabilities 7,355 7,568 7,934 9,226 8,345 8,217 8,358 8,165 8,270 8,511
Stockholders' Equity
Common Stock 0 875 21 21 21 21 21 21 21 21
Retained Earnings 0 0 (574) (691) (633) (660) (877) (885) (926) (1,008)
Accumulated Other Comprehensive Income 0 0 623 505 512 516 532 532 529 521
Total Stockholders' Equity 848 875 871 1,531 1,642 1,652 1,482 1,503 1,504 1,443
Total Liabilities & Equity 9,463 9,158 9,288 11,238 10,340 10,278 10,252 10,042 10,128 10,464
Debt Metrics
Total Debt 4,082 4,250 4,307 6,629 5,758 5,469 5,764 5,746 5,744 5,802
Net Debt 2,808 2,804 2,611 5,320 5,127 4,885 5,263 5,308 5,367 5,148
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4
Operating Activities
Net Income 37.0 61 56 (96) 8 115 (58) 42 71 38
Depreciation & Amortization 154.0 129 108 107 102 101 (54) 100 99 102
Stock-Based Compensation 0 0 0 0 7 7 9 9 0 0
Change in Working Capital (42.0) (361.2) (715.5) 115.4 30 67 108 94 (156) 122.8
Other Non-Cash Items 22 23.4 64.0 211.1 95 41 279 98 101 192.8
Operating Cash Flow 165 (194.2) (462.6) 330.6 224 306 261 343 120 390.7
Investing Activities
Capital Expenditure (110) (75.9) (69.3) (104.7) (76) (45) (30) (39) (35) (41.8)
Acquisitions (2) 200.4 (9.5) 136.1 0 0 0 0 (10) (18.4)
Purchases of Investments 0 (54.7) 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 24 (54.0) 4,135.3 (49.3) (40) (42) (90) (58) (48) (58.9)
Investing Cash Flow (88.0) 15.8 4,056.5 (18.0) (116) (87) (90) (97) (93) (119.0)
Financing Activities
Net Debt Issuance (117) 20.5 (2,419.3) 620.7 202 (83) 16 34 (207) (249.4)
Stock Repurchased (30.0) (16.9) (262.5) 0 0 0 0 0 0 0
Dividends Paid (42.0) (32.6) (677.4) (44.1) (40) (40) (41) (80) 0 (38.6)
Other Financing Activities (101) (13.1) (45.3) (178.7) (241) 42 (47) (125) (45) 44.4
Financing Cash Flow (290.0) (42.1) (3,404.6) 397.8 (79) (81) (72) (171) (252) (243.6)
Cash Position
Net Change in Cash (226) (196) 295 662 48 101 116 62 (158) (43)
Cash at Beginning 1,500 1,696 1,401 739 775 674 558 497 654 697
Cash at End 1,274 1,500 1,696 1,401 823 775 674 559 496 654
Free Cash Flow 55 (270.0) (531.8) 225.9 148 261 231 304 85 348.9
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4
Income Statement
Revenue 587 668 629 630 583 652 586 613 661 681
Gross Profit 221 329 322 274 256 286 303 287 331 315
Operating Income 127 234 183 159 138 180 110 179 219 210
Net Income 37 61 117 (58) 27 218 7 42 82 (8)
EPS (Diluted) 0.20 0.32 0.29 -0.29 0.13 1.07 0.04 0.21 0.40 -0.04
Balance Sheet
Cash & Equivalents 1,274 1,446 1,696 1,309 631 584 501 438 377 654
Total Assets 9,464 9,158 9,288 11,238 10,340 10,278 10,252 10,042 10,128 10,465
Total Debt 4,082 4,250 4,307 6,629 5,758 5,469 5,764 5,746 5,744 5,802
Stockholders' Equity 848 875 871 1,531 1,642 1,652 1,482 1,503 1,504 1,443
Cash Flow
Operating Cash Flow 165 (194.2) (462.6) 330.6 224 306 261 343 120 390.7
Capital Expenditure (110) (75.9) (69.3) (104.7) (76) (45) (30) (39) (35) (41.8)
Free Cash Flow 55 (270.0) (531.8) 225.9 148 261 231 304 85 348.9