Brightstar Lottery (BRSL) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Feb 24, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BRSL SEC filings page.
Brightstar Lottery (BRSL) reported $2.5B in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Flat revenue masked a 2025 reversal: cash conversion broke down while leverage and short-term funding pressure intensified.
Revenue was virtually flat across FY2024-FY2025, while operating cash flow swung from$1.1B to-$99M ; this points to a cash-conversion break rather than a volume problem. Free cash flow was negative at-$415M in FY2025 despite reported net income of$147M , showing profit did not translate into cash after reinvestment.
The liquidity posture weakened: current ratio fell from 2.3x to 0.8x across FY2024-FY2025, indicating short-term obligations grew beyond readily available current assets. At the same time, debt-to-equity reached 4.6x in FY2025, while equity fell to
FY2025 investing cash flow was
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Brightstar Lottery's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Brightstar Lottery's revenue grew a modest 0.0% year-over-year to $2.5B. This slow but positive growth earns a score of 29/100.
Brightstar Lottery has elevated debt relative to equity (D/E of 4.64), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 13/100, reflecting increased financial risk.
Brightstar Lottery's current ratio of 0.76 is below the typical benchmark, resulting in a score of 10/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Brightstar Lottery's operations used $99.0M of cash, and capex of $316.0M added to the outflow, for a free cash flow shortfall of $415.0M. This results in a cash flow score of 64/100.
Brightstar Lottery earns a strong 16.8% return on equity (ROE), meaning it generates $17 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 73/100. This is down from 21.1% the prior year.
Brightstar Lottery passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Brightstar Lottery used $0.67 of operating cash (-$99.0M OCF vs $147.0M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Brightstar Lottery held $1.4B in cash against $4.1B in long-term debt as of Q4 2025.
Brightstar Lottery paid $0.22 per share in dividends in Q4 2025. This represents an increase of 10.0% from the same quarter a year earlier. Against the prior quarter it is up 10.0%.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
BRSL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
BRSL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q4'2420-F | Q4'2310-K | Q4'2210-K | Q4'2110-K | Q4'2010-K | Q4'1910-K | Q4'1810-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.2B-10.9% | $10.3B-1.8% | $10.5B+0.3% | $10.4B-7.9% | $11.3B-12.9% | $13.0B-4.8% | $13.6B0.0% | $13.6B-10.0% |
| Current Assets | $2.3B-62.1% | $6.2B+190.4% | $2.1B-0.4% | $2.1B-14.3% | $2.5B-27.7% | $3.4B+30.6% | $2.6B+15.2% | $2.3B-25.4% |
| Cash & Equivalents | $1.4B+147.6% | $584.0M+15.0% | $508.0M-13.9% | $590.0M-0.2% | $591.0M-34.8% | $907.0M+38.6% | $654.6M+161.2% | $250.7M-76.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $116.0M+2.7% | $113.0M+2.7% | $110.0M-56.7% | $254.0M+38.8% | $183.0M+8.3% | $169.0M+4.5% | $161.8M-42.8% | $282.7M-11.5% |
| Accounts Receivable | $526.0M+12.4% | $468.0M+16.1% | $403.0M-39.9% | $670.0M-25.8% | $903.0M+6.7% | $846.0M-3.3% | $875.3M-7.8% | $949.1M+1.2% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $2.7B+2.2% | $2.6B-1.0% | $2.7B+0.6% | $2.7B-42.8% | $4.7B-1.2% | $4.7B-4.4% | $4.9B-2.5% | $5.1B-11.6% |
| Total Liabilities | $7.6B-7.9% | $8.2B-3.5% | $8.5B+0.7% | $8.5B-9.6% | $9.4B-18.2% | $11.4B+2.4% | $11.2B+2.4% | $10.9B-12.5% |
| Current Liabilities | $3.1B+14.3% | $2.7B+58.9% | $1.7B-8.5% | $1.8B-3.4% | $1.9B-26.8% | $2.6B+5.9% | $2.5B+23.3% | $2.0B-45.5% |
| Non-Current Liabilities | $4.5B-18.7% | $5.5B-18.9% | $6.8B+3.2% | $6.6B-11.2% | $7.4B-15.6% | $8.8B+1.4% | $8.7B-2.3% | $8.9B+1.4% |
| Long-Term Debt | $4.1B-21.2% | $5.2B-8.9% | $5.7B-0.6% | $5.7B-12.2% | $6.5B-17.6% | $7.9B+3.4% | $7.6B-4.7% | $8.0B+2.6% |
| Total Equity | $875.0M-47.0% | $1.7B+14.5% | $1.4B+1.0% | $1.4B+11.5% | $1.3B+65.0% | $777.0M-53.1% | $1.7B-8.3% | $1.8B-9.8% |
| Retained Earnings | -$513.0M+22.3% | -$660.0M+34.5% | -$1.0B+13.4% | -$1.2B+19.1% | -$1.4B+25.1% | -$1.9B-88.2% | -$1.0B-1.2% | -$1.0B+2.3% |
BRSL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
BRSL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Note: The current ratio is below 1.0 (0.76), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Brightstar Lottery BRSL | FY2025 | $2.5B | $147.0M | 5.9% | $2.1B | 46/100 |
| Sharplink Inc SBET | FY2025 | $28.1M | -$734.6M | N/A | $1.9B | 36/100 |
| Rush Street Interactive Inc RSI | FY2025 | $1.1B | $33.3M | 2.9% | $3.1B | 53/100 |
| Church Downs CHDN | FY2025 | $2.9B | $383.0M | 13.1% | $6.1B | 39/100 |
| Super Group (SGHC) Ltd SGHC | FY2025 | $2.2B | $218.0M | 9.8% | $7.1B | 36/100 |
Where Brightstar Lottery Ranks
Frequently Asked Questions
What is Brightstar Lottery's annual revenue?
Brightstar Lottery (BRSL) reported $2.5B in total revenue for fiscal year 2025. That is unchanged from the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Brightstar Lottery's revenue growing?
Brightstar Lottery (BRSL) revenue was essentially unchanged year-over-year, at $2.5B in fiscal year 2025 against $2.5B the year before.
Is Brightstar Lottery profitable?
Yes, Brightstar Lottery (BRSL) reported a net income of $147.0M in fiscal year 2025, with a net profit margin of 5.9%.
How much debt does Brightstar Lottery have?
As of fiscal year 2025, Brightstar Lottery (BRSL) had $1.4B in cash and equivalents against $4.1B in long-term debt.
What is Brightstar Lottery's net profit margin?
Brightstar Lottery (BRSL) had a net profit margin of 5.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Brightstar Lottery's return on equity (ROE)?
Brightstar Lottery (BRSL) has a return on equity of 16.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Brightstar Lottery's free cash flow?
Brightstar Lottery (BRSL) recorded an outflow of $415.0M in free cash flow during fiscal year 2025. This represents a -146.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Brightstar Lottery's operating cash flow?
Brightstar Lottery (BRSL) recorded an outflow of $99.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Brightstar Lottery's total assets?
Brightstar Lottery (BRSL) had $9.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Brightstar Lottery's capital expenditures?
Brightstar Lottery (BRSL) invested $316.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Brightstar Lottery spend on research and development?
Brightstar Lottery (BRSL) invested $47.0M in research and development during fiscal year 2025.
What is Brightstar Lottery's current ratio?
Brightstar Lottery (BRSL) had a current ratio of 0.76 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Brightstar Lottery's debt-to-equity ratio?
Brightstar Lottery (BRSL) had a debt-to-equity ratio of 4.64 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Brightstar Lottery's return on assets (ROA)?
Brightstar Lottery (BRSL) had a return on assets of 1.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Brightstar Lottery's P/E ratio?
Brightstar Lottery (BRSL) trades at 14.0x earnings, its market capitalization divided by net income of $147.0M net income, FY2025. The market capitalization is $2.1B as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Brightstar Lottery's price-to-sales ratio?
Brightstar Lottery (BRSL) trades at 0.8x sales, its market capitalization divided by revenue of $2.5B revenue, FY2025. The market capitalization is $2.1B as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Brightstar Lottery's Piotroski F-Score?
Brightstar Lottery (BRSL) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Brightstar Lottery's earnings high quality?
For every $1 of reported earnings, Brightstar Lottery (BRSL) used $0.67 of operating cash (-$99.0M OCF vs $147.0M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Brightstar Lottery?
Brightstar Lottery (BRSL) scores 46 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.