Galaxy Gaming Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Galaxy Gaming has an operating margin of 18.0%, meaning the company retains $18 of operating profit per $100 of revenue. This strong profitability earns a score of 90/100, reflecting efficient cost management and pricing power. This is down from 24.2% the prior year.
Galaxy Gaming's revenue grew 14.2% year-over-year to $31.7M, a solid pace of expansion. This earns a growth score of 69/100.
With a current ratio of 3.66, Galaxy Gaming holds $3.66 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Galaxy Gaming has a free cash flow margin of 12.7%, earning a moderate score of 64/100. The company generates positive cash flow after capital investments, but with room for improvement.
Galaxy Gaming scores 1.10, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($72.2M) relative to total liabilities ($61.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Galaxy Gaming passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Galaxy Gaming generates $-1.56 in operating cash flow ($4.1M OCF vs -$2.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Galaxy Gaming earns $0.6 in operating income for every $1 of interest expense ($5.7M vs $9.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Galaxy Gaming (GLXZ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Key Financial Metrics
Galaxy Gaming generated $31.7M in revenue in fiscal year 2024. This represents an increase of 14.2% from the prior year.
Galaxy Gaming's EBITDA was $8.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 4.9% from the prior year.
Galaxy Gaming generated $4.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 48.9% from the prior year.
Galaxy Gaming reported -$2.6M in net income in fiscal year 2024. This represents a decrease of 45.3% from the prior year.
Galaxy Gaming earned $-0.10 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 42.9% from the prior year.
Galaxy Gaming held $18.1M in cash against $54.1M in long-term debt as of fiscal year 2024.
Galaxy Gaming had 25M shares outstanding in fiscal year 2024. This represents an increase of 1.1% from the prior year.
Galaxy Gaming's gross margin was 95.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.2 percentage points from the prior year.
Galaxy Gaming's operating margin was 18.0% in fiscal year 2024, reflecting core business profitability. This is down 6.3 percentage points from the prior year.
Galaxy Gaming's net profit margin was -8.3% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1.8 percentage points from the prior year.
Galaxy Gaming invested $1.1M in research and development in fiscal year 2024. This represents an increase of 28.4% from the prior year.
Galaxy Gaming invested $57K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 265.3% from the prior year.
GLXZ Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.3M-2.7% | $7.5M-3.3% | $7.8M+2.9% | $7.6M-11.2% | $8.5M+6.5% | $8.0M+18.8% | $6.7M+10.4% | $6.1M |
| Cost of Revenue | $241K+28.3% | $188K0.0% | $188K+16.2% | $162K-73.0% | $599K+47.3% | $406K+81.6% | $224K+19.2% | $188K |
| Gross Profit | $7.1M-3.5% | $7.3M-3.4% | $7.6M+2.6% | $7.4M-6.5% | $7.9M+4.3% | $7.6M+16.6% | $6.5M+10.1% | $5.9M |
| R&D Expenses | $231K-5.2% | $243K-33.0% | $363K+32.2% | $274K+1.8% | $269K+7.0% | $252K+32.3% | $190K-15.9% | $226K |
| SG&A Expenses | $4.0M-4.6% | $4.2M-2.3% | $4.3M-10.3% | $4.8M+8.9% | $4.4M+5.0% | $4.2M+3.3% | $4.1M-2.7% | $4.2M |
| Operating Income | $1.9M-2.1% | $1.9M-1.6% | $2.0M+68.6% | $1.2M-50.0% | $2.3M+1.4% | $2.3M+76.4% | $1.3M+84.5% | $710K |
| Interest Expense | $872K-3.8% | $907K-9.6% | $1.0M-54.4% | $2.2M-3.4% | $2.3M-0.4% | $2.3M-1.1% | $2.3M+0.6% | $2.3M |
| Income Tax | -$24K-125.5% | $94K+157.9% | $36K+973.8% | -$4K-114.7% | $28K+7.5% | $26K+71.7% | $15K-63.2% | $42K |
| Net Income | $1.0M+9.3% | $950K+147.0% | -$2.0M-129.5% | -$881K-462.9% | $243K+16.2% | $209K+125.5% | -$820K+43.7% | -$1.5M |
| EPS (Diluted) | $0.040.0% | $0.04+150.0% | $-0.08-166.7% | $-0.03-400.0% | $0.010.0% | $0.01+150.0% | $-0.02+66.7% | $-0.06 |
GLXZ Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $26.4M-0.8% | $26.6M-4.4% | $27.8M-32.2% | $41.0M-1.1% | $41.5M+2.5% | $40.5M0.0% | $40.5M+2.9% | $39.3M |
| Current Assets | $10.1M-3.1% | $10.5M-10.6% | $11.7M-51.7% | $24.2M+0.5% | $24.0M+6.6% | $22.6M+1.8% | $22.2M+0.5% | $22.0M |
| Cash & Equivalents | $3.3M-33.8% | $5.0M-5.0% | $5.3M-70.7% | $18.1M-6.4% | $19.3M+10.6% | $17.5M+4.8% | $16.7M+4.7% | $15.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $5.2M+18.1% | $4.4M-18.1% | $5.3M+13.0% | $4.7M+25.1% | $3.8M-5.8% | $4.0M-4.0% | $4.2M+13.8% | $3.7M |
| Goodwill | $1.1M0.0% | $1.1M0.0% | $1.1M0.0% | $1.1M0.0% | $1.1M0.0% | $1.1M0.0% | $1.1M0.0% | $1.1M |
| Total Liabilities | $45.5M-3.0% | $46.9M-5.2% | $49.4M-19.0% | $61.1M+3.5% | $59.0M+1.1% | $58.4M-0.6% | $58.7M+2.3% | $57.4M |
| Current Liabilities | $7.9M+5.3% | $7.5M-0.3% | $7.6M+14.4% | $6.6M+36.5% | $4.8M+11.0% | $4.4M-10.6% | $4.9M+31.4% | $3.7M |
| Long-Term Debt | $37.4M-4.3% | $39.1M-6.1% | $41.6M-23.1% | $54.1M+0.9% | $53.7M+0.4% | $53.4M+0.4% | $53.2M+0.4% | $53.0M |
| Total Equity | -$19.1M+5.9% | -$20.3M+6.4% | -$21.6M-7.9% | -$20.1M-14.5% | -$17.5M+2.2% | -$17.9M+1.9% | -$18.2M-0.9% | -$18.1M |
| Retained Earnings | -$39.8M+2.5% | -$40.8M+2.3% | -$41.8M-5.1% | -$39.8M-8.4% | -$36.7M+0.7% | -$36.9M+0.6% | -$37.1M-2.3% | -$36.3M |
GLXZ Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.1M-64.6% | $3.2M+171.9% | $1.2M+9.1% | $1.1M-57.3% | $2.5M+83.4% | $1.4M-41.3% | $2.3M+211.2% | -$2.1M |
| Capital Expenditures | $0 | $0-100.0% | $94K | N/A | N/A | N/A | $0 | $0 |
| Free Cash Flow | $1.1M-64.6% | $3.2M+195.5% | $1.1M | N/A | N/A | N/A | $2.3M+211.2% | -$2.1M |
| Investing Cash Flow | -$1.1M-19.8% | -$878K-210.0% | -$283K+35.8% | -$441K-35.8% | -$325K+7.5% | -$351K+78.9% | -$1.7M-222.3% | -$517K |
| Financing Cash Flow | -$1.7M+34.6% | -$2.6M+80.9% | -$13.8M-5716.8% | -$238K+3.0% | -$246K-11.7% | -$220K-617.1% | $42K+120.7% | -$205K |
| 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 |
GLXZ Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 96.7%-0.8pp | 97.5%-0.1pp | 97.6%-0.3pp | 97.9%+4.9pp | 93.0%-1.9pp | 94.9%-1.8pp | 96.7%-0.2pp | 96.9% |
| Operating Margin | 26.0%+0.2pp | 25.8%+0.5pp | 25.4%+9.9pp | 15.5%-12.0pp | 27.5%-1.4pp | 28.9%+9.4pp | 19.4%+7.8pp | 11.6% |
| Net Margin | 14.2%+1.6pp | 12.6%+38.6pp | -26.0%-14.3pp | -11.6%-14.5pp | 2.9%+0.2pp | 2.6%+14.8pp | -12.2%+11.7pp | -23.8% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 3.9%+0.4pp | 3.6%+10.8pp | -7.3%-5.1pp | -2.1%-2.7pp | 0.6%+0.1pp | 0.5%+2.5pp | -2.0%+1.7pp | -3.7% |
| Current Ratio | 1.28-0.1 | 1.39-0.2 | 1.55-2.1 | 3.66-1.3 | 4.97-0.2 | 5.17+0.6 | 4.54-1.4 | 5.94 |
| Debt-to-Equity | -1.96-0.0 | -1.930.0 | -1.92+0.8 | -2.70+0.4 | -3.06-0.1 | -2.98-0.1 | -2.92+0.0 | -2.93 |
| FCF Margin | 15.3%-26.9pp | 42.2%+28.4pp | 13.8% | N/A | N/A | N/A | 34.6%+68.9pp | -34.3% |
Note: Shareholder equity is negative (-$20.1M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
What is Galaxy Gaming's annual revenue?
Galaxy Gaming (GLXZ) reported $31.7M in total revenue for fiscal year 2024. This represents a 14.2% 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 Galaxy Gaming's revenue growing?
Galaxy Gaming (GLXZ) revenue grew by 14.2% year-over-year, from $27.8M to $31.7M in fiscal year 2024.
Is Galaxy Gaming profitable?
No, Galaxy Gaming (GLXZ) reported a net income of -$2.6M in fiscal year 2024, with a net profit margin of -8.3%.
What is Galaxy Gaming's earnings per share (EPS)?
Galaxy Gaming (GLXZ) reported diluted earnings per share of $-0.10 for fiscal year 2024. This represents a -42.9% 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.
What is Galaxy Gaming's EBITDA?
Galaxy Gaming (GLXZ) had EBITDA of $8.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Galaxy Gaming have?
As of fiscal year 2024, Galaxy Gaming (GLXZ) had $18.1M in cash and equivalents against $54.1M in long-term debt.
What is Galaxy Gaming's gross margin?
Galaxy Gaming (GLXZ) had a gross margin of 95.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Galaxy Gaming's operating margin?
Galaxy Gaming (GLXZ) had an operating margin of 18.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Galaxy Gaming's net profit margin?
Galaxy Gaming (GLXZ) had a net profit margin of -8.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Galaxy Gaming's free cash flow?
Galaxy Gaming (GLXZ) generated $4.0M in free cash flow during fiscal year 2024. This represents a 48.9% 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 Galaxy Gaming's operating cash flow?
Galaxy Gaming (GLXZ) generated $4.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Galaxy Gaming's total assets?
Galaxy Gaming (GLXZ) had $41.0M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Galaxy Gaming's capital expenditures?
Galaxy Gaming (GLXZ) invested $57K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Galaxy Gaming spend on research and development?
Galaxy Gaming (GLXZ) invested $1.1M in research and development during fiscal year 2024.
How many shares does Galaxy Gaming have outstanding?
Galaxy Gaming (GLXZ) had 25M shares outstanding as of fiscal year 2024.
What is Galaxy Gaming's current ratio?
Galaxy Gaming (GLXZ) had a current ratio of 3.66 as of fiscal year 2024, which is generally considered healthy.
What is Galaxy Gaming's debt-to-equity ratio?
Galaxy Gaming (GLXZ) had a debt-to-equity ratio of -2.70 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Galaxy Gaming's return on assets (ROA)?
Galaxy Gaming (GLXZ) had a return on assets of -6.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
Why is Galaxy Gaming's debt-to-equity ratio negative or unusual?
Galaxy Gaming (GLXZ) has negative shareholder equity of -$20.1M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Galaxy Gaming's Altman Z-Score?
Galaxy Gaming (GLXZ) has an Altman Z-Score of 1.10, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Galaxy Gaming's Piotroski F-Score?
Galaxy Gaming (GLXZ) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Galaxy Gaming's earnings high quality?
Galaxy Gaming (GLXZ) has an earnings quality ratio of -1.56x, considered mixed quality. 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.
Can Galaxy Gaming cover its interest payments?
Galaxy Gaming (GLXZ) has an interest coverage ratio of 0.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Galaxy Gaming?
Galaxy Gaming (GLXZ) scores 81 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.