What is Brightstar Lottery's earnings per share (EPS)?

Brightstar Lottery (BRSL) reported diluted earnings per share of $0.74 for fiscal year 2025. This represents a -56.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Brightstar Lottery Financials

BRSL

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

This page shows Brightstar Lottery (BRSL) financial statements, including the 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).

Rhea AI BRSL FY2025 2026-04-22

A mature cash engine was interrupted, leaving liquidity supported by transaction inflows rather than day-to-day operations.

With revenue essentially flat near $2.5B in recent years, the real story is cash conversion: the latest year still reported $147M of net income, but operations consumed cash rather than generating it. That makes the bigger cash balance a balance-sheet event, not an operating one, because the current ratio fell to 0.8x even as cash climbed to $1.4B.

Before the latest year, the company looked like a steady deleverager: long-term debt fell by about $1.6B over two years while revenue barely moved, showing earlier cash generation was being used to shrink financing obligations rather than to buy growth. The latest year broke that pattern, with equity compression pushing total equity down to $875M and making leverage look heavier even after debt balances came down.

Capital intensity is usually light: free cash flow exceeded $850M in each of the prior two years, so the latest year's -$415M free cash flow looks like a cash-conversion break, not a business that suddenly needs constant heavy reinvestment. Capex did rise to $316M, but the bigger message is that operating cash flow itself turned negative, so the shortfall started before investment spending.

Financial Health Signals

Financial Health Score 47/100

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.

Growth

Brightstar Lottery's revenue grew a modest -0.0% year-over-year to $2.5B. This slow but positive growth earns a score of 30/100.

Leverage

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 12/100, reflecting increased financial risk.

Liquidity

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.

Cash Flow

While Brightstar Lottery generated -$99.0M in operating cash flow, capex of $316.0M consumed most of it, leaving -$415.0M in free cash flow. This results in a low score of 66/100, reflecting heavy capital investment rather than weak cash generation.

Returns

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 75/100. This is down from 21.1% the prior year.

Piotroski F-Score Partial

4/8

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.

Earnings Quality Low Quality

-0.67x

For every $1 of reported earnings, Brightstar Lottery generates $-0.67 in operating cash flow (-$99.0M OCF vs $147.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.5B

YoY-0.0%

5Y CAGR-4.2%

10Y CAGR-6.1%

Brightstar Lottery generated $2.5B in revenue in fiscal year 2025. This represents a decrease of 0.0% from the prior year.

EBITDA

N/A

Net Income

$147.0M

YoY-57.8%

Brightstar Lottery reported $147.0M in net income in fiscal year 2025. This represents a decrease of 57.8% from the prior year.

EPS (Diluted)

$0.74

YoY-56.7%

Brightstar Lottery earned $0.74 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 56.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$415.0M

YoY-146.1%

Brightstar Lottery generated -$415.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 146.1% from the prior year.

Cash & Debt

$1.4B

YoY+147.6%

5Y CAGR+9.8%

10Y CAGR+8.7%

Brightstar Lottery held $1.4B in cash against $4.1B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

187M

YoY-7.4%

5Y CAGR-1.8%

10Y CAGR-0.7%

Brightstar Lottery had 187M shares outstanding in fiscal year 2025. This represents a decrease of 7.4% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

5.9%

YoY-8.0pp

5Y CAGR+34.7pp

10Y CAGR+7.5pp

Brightstar Lottery's net profit margin was 5.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 8.0 percentage points from the prior year.

Return on Equity

16.8%

YoY-4.3pp

5Y CAGR+132.4pp

10Y CAGR+19.3pp

Brightstar Lottery's ROE was 16.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.3 percentage points from the prior year.

Capital Allocation

R&D Spending

$47.0M

YoY+9.3%

5Y CAGR-24.5%

10Y CAGR-16.3%

Brightstar Lottery invested $47.0M in research and development in fiscal year 2025. This represents an increase of 9.3% from the prior year.

Share Buybacks

$271.0M

Brightstar Lottery spent $271.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$316.0M

YoY+112.1%

5Y CAGR+4.4%

10Y CAGR-1.7%

Brightstar Lottery invested $316.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 112.1% from the prior year.

BRSL Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$2.5B0.0%	$2.5B-0.7%	$2.5B-2.6%	$2.6B-36.5%	$4.1B+31.3%	$3.1B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$47.0M+9.3%	$43.0M+19.4%	$36.0M-20.0%	$45.0M-81.1%	$238.0M+24.6%	$191.0M
SG&A Expenses	$215.0M-8.5%	$235.0M-4.5%	$246.0M-38.5%	$400.0M-50.6%	$810.0M+14.6%	$707.0M
Operating Income	N/A	$686.0M-8.8%	$752.0M+1.2%	$743.0M-17.6%	$902.0M+943.0%	-$107.0M
Interest Expense	$172.0M-16.5%	$206.0M-0.5%	$207.0M-28.4%	$289.0M-15.2%	$341.0M-14.3%	$398.0M
Income Tax	$165.0M-34.0%	$250.0M+12.1%	$223.0M+5.2%	$212.0M-22.6%	$274.0M+878.6%	$28.0M
Net Income	$147.0M-57.8%	$348.0M+123.1%	$156.0M-43.3%	$275.0M-42.9%	$482.0M+153.7%	-$898.0M
EPS (Diluted)	$0.74-56.7%	$1.71+122.1%	$0.77-43.0%	$1.35-42.1%	$2.33+153.1%	$-4.39

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BRSL Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$9.2B-10.9%	$10.3B-1.8%	$10.5B+0.3%	$10.4B-7.9%	$11.3B-12.9%	$13.0B
Current Assets	$2.3B-62.1%	$6.2B+190.4%	$2.1B-0.4%	$2.1B-14.3%	$2.5B-27.7%	$3.4B
Cash & Equivalents	$1.4B+147.6%	$584.0M+15.0%	$508.0M-13.9%	$590.0M-0.2%	$591.0M-34.8%	$907.0M
Inventory	$116.0M+2.7%	$113.0M+2.7%	$110.0M-56.7%	$254.0M+38.8%	$183.0M+8.3%	$169.0M
Accounts Receivable	$526.0M+12.4%	$468.0M+16.1%	$403.0M-39.9%	$670.0M-25.8%	$903.0M+6.7%	$846.0M
Goodwill	$2.7B+2.2%	$2.6B-1.0%	$2.7B+0.6%	$2.7B-42.8%	$4.7B-1.2%	$4.7B
Total Liabilities	$7.6B-7.9%	$8.2B-3.5%	$8.5B+0.7%	$8.5B-9.6%	$9.4B-18.2%	$11.4B
Current Liabilities	$3.1B+14.3%	$2.7B+58.9%	$1.7B-8.5%	$1.8B-3.4%	$1.9B-26.8%	$2.6B
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
Total Equity	$875.0M-47.0%	$1.7B+14.5%	$1.4B+1.0%	$1.4B+11.5%	$1.3B+65.0%	$777.0M
Retained Earnings	-$513.0M+22.3%	-$660.0M+34.5%	-$1.0B+13.4%	-$1.2B+19.1%	-$1.4B+25.1%	-$1.9B

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
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
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
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
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
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
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
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
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
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
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
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

BRSL Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$99.0M-109.4%	$1.1B+3.8%	$1.0B+12.6%	$899.0M-8.1%	$978.0M+12.9%	$866.0M
Capital Expenditures	$316.0M+112.1%	$149.0M+1.4%	$147.0M-9.3%	$162.0M-31.9%	$238.0M-6.7%	$255.0M
Free Cash Flow	-$415.0M-146.1%	$901.0M+4.2%	$865.0M+17.4%	$737.0M-0.4%	$740.0M+21.1%	$611.0M
Investing Cash Flow	$3.5B+1081.0%	-$357.0M+9.2%	-$393.0M-333.9%	$168.0M-73.6%	$636.0M+336.4%	-$269.0M
Financing Cash Flow	-$2.7B-348.2%	-$606.0M+0.7%	-$610.0M+42.7%	-$1.1B+43.9%	-$1.9B-333.3%	-$438.0M
Dividends Paid	$770.0M+378.3%	$161.0M+0.6%	$160.0M-0.6%	$161.0M+292.7%	$41.0M0.0%	$41.0M
Share Buybacks	$271.0M	$0	$0-100.0%	$115.0M+180.5%	$41.0M	$0

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BRSL Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	27.3%-2.4pp	29.7%+1.1pp	28.6%+6.6pp	22.1%+25.5pp	-3.4%
Net Margin	5.9%-8.0pp	13.9%+7.7pp	6.2%-4.4pp	10.6%-1.2pp	11.8%+40.6pp	-28.8%
Return on Equity	16.8%-4.3pp	21.1%+10.3pp	10.8%-8.4pp	19.2%-18.4pp	37.6%+153.2pp	-115.6%
Return on Assets	1.6%-1.8pp	3.4%+1.9pp	1.5%-1.1pp	2.6%-1.6pp	4.3%+11.2pp	-6.9%
Current Ratio	0.76-1.5	2.29+1.0	1.26+0.1	1.15-0.1	1.30-0.0	1.32
Debt-to-Equity	4.64+1.5	3.12-0.8	3.92-0.1	3.98-1.1	5.05-5.1	10.11
FCF Margin	-16.5%-52.4pp	35.9%+1.7pp	34.2%+5.8pp	28.4%+10.3pp	18.1%-1.5pp	19.6%

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	0.76-1.5	2.29+1.0	1.26+0.1	1.15-0.1	1.30-0.0	1.32+0.2	1.07-0.1	1.14
Debt-to-Equity	4.64+1.5	3.12-0.8	3.92-0.1	3.98-1.1	5.05-5.1	10.11+5.5	4.58+0.2	4.41
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: The current ratio is below 1.0 (0.76), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Brightstar Lottery's annual revenue?

Brightstar Lottery (BRSL) reported $2.5B in total revenue for fiscal year 2025. This represents a -0.0% change compared to 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 grew by 0% year-over-year, from $2.5B to $2.5B in fiscal year 2025.

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) generated -$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) generated -$99.0M in operating cash flow during fiscal year 2025, representing cash generated from 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.

Does Brightstar Lottery buy back shares?

Yes, Brightstar Lottery (BRSL) spent $271.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Brightstar Lottery have outstanding?

Brightstar Lottery (BRSL) had 187M shares outstanding as of 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 cash runway?

Based on fiscal year 2025 data, Brightstar Lottery (BRSL) had $1.4B in cash against an annual operating cash burn of $99.0M. This gives an estimated cash runway of approximately 175 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

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?

Brightstar Lottery (BRSL) has an earnings quality ratio of -0.67x, considered low quality (accrual-driven). 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 47 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.