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GALAXY GAMING INC (GLXZ) Financials

GLXZ
Trailing 12 months to June 30, 2026
Revenue $31.2M +2.1% YoY
Net Income $4.9M +218.5% YoY
EPS (Diluted) $0.19 +218.8% YoY
Free Cash Flow $7.4M YoY not available
Market Cap $39.9M as of Oct 9, 2026
Price / Sales 1.3x on $31.2M revenue, trailing 12 months to June 30, 2026
Price / Earnings 8.1x on $4.9M net income, trailing 12 months to June 30, 2026
Price / Book n/m negative shareholder equity, so no book multiple, Q2 FY2026

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 Oct 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GLXZ SEC filings page.

GALAXY GAMING INC (GLXZ) reported $31.2M in revenue over the twelve months to Jun 30, 2026, up 2.1% from the prior twelve months. This page shows its 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).

Rhea AI GLXZ FY2025

Galaxy Gaming converts nearly all operating cash into free cash, but remains financed by liabilities despite a profitable 2025.

With revenue slipping from $31.7M in FY2024 to $30.9M in FY2025, operating margin widened from 18.0% to 26.5%. Because SG&A and interest expense both fell, the earnings rebound appears driven more by cost and financing changes than by demand-led scale.

Operating cash flow was $7.7M and free cash flow was $7.6M in FY2025, showing accounting earnings converted into cash with little reinvestment leakage. Capital spending was just $123K, so maintaining the operating base consumed little of that cash.

Liabilities of $45.0M exceeded assets of $27.5M in FY2025, leaving negative equity and making the balance sheet dependent on liability financing rather than a capital cushion. The current ratio fell from 3.7x to 1.4x, so short-term flexibility narrowed even as long-term debt declined.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

GALAXY GAMING INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Distress
0.84

GALAXY GAMING INC scores 0.84, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($39.9M) relative to total liabilities ($45.0M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral
6/9

GALAXY GAMING INC passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed
5.19x

For every $1 of reported earnings, GALAXY GAMING INC generates $5.19 in operating cash flow ($7.7M OCF vs $1.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
2.28x

GALAXY GAMING INC earns $2.28 in operating income for every $1 of interest expense ($8.2M vs $3.6M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue
$7.9M
YoY+5.4%
QoQ+3.6%
5Y CAGR+10.8%
10Y CAGR+10.0%

GALAXY GAMING INC generated $7.9M in revenue in Q2 2026. This represents an increase of 5.4% from the same quarter a year earlier. Against the prior quarter it is up 3.6%.

EBITDA
$2.8M
YoY+3.3%
QoQ-7.4%
5Y CAGR+11.6%
10Y CAGR+8.3%

GALAXY GAMING INC's EBITDA was $2.8M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 3.3% from the same quarter a year earlier. Against the prior quarter it is down 7.4%.

Net Income
$997K
YoY+4.9%
QoQ-27.1%
5Y CAGR+12.6%
10Y CAGR+5.9%

GALAXY GAMING INC reported $997K in net income in Q2 2026. This represents an increase of 4.9% from the same quarter a year earlier. Against the prior quarter it is down 27.1%.

EPS (Diluted)
$0.04
YoY0.0%
QoQ-20.0%
5Y CAGR+5.9%

GALAXY GAMING INC earned $0.04 per diluted share (EPS) in Q2 2026. That is unchanged from the same quarter a year earlier. Against the prior quarter it is down 20.0%.

Cash & Balance Sheet

Free Cash Flow
$1.6M
YoY-49.3%
QoQ-35.0%

GALAXY GAMING INC generated $1.6M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 49.3% from the same quarter a year earlier. Against the prior quarter it is down 35.0%.

Cash & Debt
$4.8M
YoY-5.6%
QoQ-2.0%
5Y CAGR-3.8%

GALAXY GAMING INC held $4.8M in cash against $35.1M in long-term debt as of Q2 2026.

Shares Outstanding
25M
YoY-1.1%
QoQ-1.3%
5Y CAGR+2.4%
10Y CAGR-4.4%

GALAXY GAMING INC had 25M shares outstanding in Q2 2026. This represents a decrease of 1.1% from the same quarter a year earlier. Against the prior quarter it is down 1.3%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin
99.0%
YoY+1.5pp
QoQ-0.1pp
5Y change-0.6pp
10Y change-0.1pp

GALAXY GAMING INC's gross margin was 99.0% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.1 percentage points.

Operating Margin
23.9%
YoY-1.9pp
QoQ-4.4pp
5Y change+4.9pp
10Y change-3.9pp

GALAXY GAMING INC's operating margin was 23.9% in Q2 2026, reflecting core business profitability. This is down 1.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.4 percentage points.

Net Margin
12.6%
YoY-0.1pp
QoQ-5.3pp
5Y change+1.0pp
10Y change-5.8pp

GALAXY GAMING INC's net profit margin was 12.6% in Q2 2026, showing the share of revenue converted to profit. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.3 percentage points.

Return on Equity

Not reported for Q2 2026.

Capital Allocation

R&D Spending
$129K
YoY-47.1%
QoQ-15.5%
5Y CAGR-0.2%
10Y CAGR+2.4%

GALAXY GAMING INC invested $129K in research and development in Q2 2026. This represents a decrease of 47.1% from the same quarter a year earlier. Against the prior quarter it is down 15.5%.

Capital Expenditures
$12K
QoQ-81.4%

GALAXY GAMING INC invested $12K in capex in Q2 2026, funding long-term assets and infrastructure. Against the prior quarter it is down 81.4%.

Share Buybacks

Not reported for Q2 2026.

GLXZ 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.

GLXZ quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$7.9M+5.4%$7.7M-1.6%$8.2M+8.8%$7.3M-4.2%$7.5M-11.7%$7.8M-2.7%$7.6M+12.3%$7.6M+25.3%
Cost of Revenue$82K-56.4%$67K-64.3%$163K+0.9%$241K-29.7%$188K-68.6%$188K-53.7%$162K-27.7%$343K+82.5%
Gross Profit$7.9M+7.0%$7.6M0.0%$8.1M+9.0%$7.1M-3.0%$7.3M-7.4%$7.6M0.0%$7.4M+13.7%$7.3M+23.5%
R&D Expenses$129K-47.1%$152K-58.1%$95K-65.4%$231K-11.8%$243K-9.8%$363K+44.0%$274K+44.1%$261K+15.5%
SG&A Expenses$4.9M+15.2%$4.3M+0.8%$4.7M-2.5%$4.0M-35.8%$4.2M-4.5%$4.3M+2.6%$4.8M+18.0%$6.3M+49.6%
Operating Income$1.9M-2.3%$2.2M+10.0%$2.4M+101.2%$1.9M+1636.0%$1.9M-17.1%$2.0M-14.5%$1.2M-10.6%-$124K-117.5%
EBITDA$2.8M+3.3%$3.0M+10.5%$3.2M+64.2%$2.7M+369.5%$2.7M-10.4%$2.8M-8.1%$1.9M0.0%$577K-54.8%
Interest Expense$813K-10.3%$776K-22.6%$806K-63.4%$872K-62.0%$907K-60.3%$1.0M-56.2%$2.2M-4.9%$2.3M-0.4%
Income Tax$64K-31.6%$31K-15.9%$38K+1011.7%-$24K-433.2%$94K+231.9%$36K+38.4%-$4K-127.2%$7K-82.7%
Net Income$997K+4.9%$1.4M+167.7%$1.5M+272.0%$1.0M+147.3%$950K+291.6%-$2.0M-1067.5%-$881K-7.4%-$2.2M-51.0%
EPS (Basic)$0.040.0%$0.05+162.5%$0.06+300.0%$0.04+144.4%$0.04+300.0%-$0.08-900.0%-$0.030.0%-$0.09-50.0%
EPS (Diluted)$0.040.0%$0.05+162.5%$0.06+300.0%$0.04+144.4%$0.04+300.0%-$0.08-900.0%-$0.030.0%-$0.09-50.0%
Diluted Shares (Avg)26M-0.2%26M+1.1%N/A26M+2.1%26M+1.8%26M+4.1%N/A26M+5.2%

GLXZ 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.

GLXZ quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$27.0M+1.3%$27.0M-2.8%$27.5M-32.9%$26.4M-37.1%$26.6M-35.8%$27.8M-31.2%$41.0M+1.3%$42.0M+6.7%
Current Assets$10.8M+3.5%$10.9M-6.3%$11.6M-52.1%$10.1M-59.2%$10.5M-56.5%$11.7M-48.2%$24.2M+9.1%$24.8M+12.6%
Cash & Equivalents$4.8M-5.6%$4.9M-8.5%$4.3M-76.2%$3.3M-81.4%$5.0M-74.0%$5.3M-69.7%$18.1M+8.5%$17.9M+12.3%
Short-Term Investments$0$0$0$0$0$0$0$0
Accounts Receivable$4.8M+10.8%$4.7M-11.4%$5.7M+21.7%$5.2M-8.6%$4.4M+15.8%$5.3M+33.2%$4.7M+13.1%$5.6M+53.9%
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$1.1M0.0%$1.1M0.0%$1.1M0.0%$1.1M0.0%$1.1M0.0%$1.1M0.0%$1.1M0.0%$1.1M0.0%
Total Liabilities$42.1M-10.1%$43.2M-12.6%$45.0M-26.3%$45.5M-25.9%$46.9M-20.6%$49.4M-15.3%$61.1M+4.0%$61.3M+6.8%
Current Liabilities$7.0M-6.9%$7.3M-3.1%$8.1M+22.0%$7.9M+12.1%$7.5M+55.6%$7.6M+73.2%$6.6M+35.4%$7.1M+90.4%
Non-Current Liabilities$35.1M-10.7%$35.9M-14.3%$36.9M-32.2%$37.5M-30.8%$39.3M-27.4%$41.9M-22.4%$54.5M+1.1%$54.3M+1.1%
Long-Term Debt$35.1M-10.2%$35.8M-13.9%$36.9M-31.9%$37.4M-30.6%$39.1M-27.2%$41.6M-22.1%$54.1M+1.7%$53.9M+1.7%
Total Equity-$15.2M+25.2%-$16.2M+25.2%-$17.5M+12.9%-$19.1M+1.6%-$20.3M-15.6%-$21.6M-20.8%-$20.1M-9.9%-$19.4M-7.2%
Retained Earnings-$35.9M+12.1%-$36.9M+11.7%-$38.3M+3.7%-$39.8M-2.3%-$40.8M-11.3%-$41.8M-13.2%-$39.8M-7.1%-$38.9M-7.1%

Not reported in any period shown, so not listed: Inventory.

GLXZ 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.

GLXZ quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$1.6M-48.9%$2.5M+117.7%$2.2M+108.0%$1.1M+232.9%$3.2M+26.7%$1.2M-14.5%$1.1M-54.0%-$846K+59.6%
Depreciation & Amortization$919K+17.0%$870K+11.6%$837K+8.2%$806K+15.0%$786K+12.0%$780K+13.6%$774K+21.9%$701K+23.5%
Stock-Based Compensation$56K-63.6%$53K-68.2%N/A$122K-40.2%$153K-21.3%$166K+17.7%N/A$204K-9.5%
Capital Expenditures$12K$64K-31.8%$29K$0$0$94KN/AN/A
Free Cash Flow$1.6M-49.3%$2.5M+130.7%$2.2M$1.1M$3.2M$1.1MN/AN/A
Investing Cash Flow-$1.1M-21.3%-$1.0M-263.6%-$611K-38.5%-$1.1M-108.4%-$878K-170.3%-$283K+19.4%-$441K+73.5%-$505K+2.3%
Financing Cash Flow-$634K+76.0%-$883K+93.6%-$632K-165.3%-$1.7M-847.2%-$2.6M-977.0%-$13.8M-6201.9%-$238K-660.2%-$183K+11.0%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

GLXZ 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.

GLXZ quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Gross Margin99.0%+1.5pp99.1%+1.5pp98.0%+0.2pp96.7%+1.2pp97.5%+4.5pp97.6%+2.7pp97.9%+1.2pp95.5%-1.4pp
Operating Margin23.9%-1.9pp28.4%+3.0pp28.6%+13.1pp26.0%+27.6pp25.8%-1.7pp25.4%-3.5pp15.5%-4.0pp-1.6%-13.3pp
Net Margin12.6%-0.1pp17.8%+43.8pp18.4%+30.0pp14.2%+42.9pp12.6%+9.8pp-26.0%-28.6pp-11.6%+0.5pp-28.7%-4.9pp
Return on Assets3.7%+0.1pp5.1%+12.3pp5.5%+7.7pp3.9%+9.2pp3.6%+3.0pp-7.3%-7.8pp-2.1%-0.1pp-5.2%-1.5pp
Current Ratio1.54+0.2x1.50-0.1x1.44-2.2x1.28-2.2x1.39-3.6x1.55-3.6x3.66-0.9x3.51-2.4x
Asset Turnover0.290.0x0.280.0x0.30+0.1x0.28+0.1x0.28+0.1x0.28+0.1x0.180.0x0.180.0x
FCF Margin20.3%-21.9pp32.4%+18.6pp26.7%15.3%42.2%13.8%N/AN/A

Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.

Note: Shareholder equity is negative (-$17.5M), 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.

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
GALAXY GAMING INC GLXZ FY2025 $30.9M $1.5M 4.8% $39.9M —
VIP PLAY INC VIPZ FY2026 $184K -$9.5M N/A $15.5M —

Frequently Asked Questions

What is GALAXY GAMING INC's annual revenue?

GALAXY GAMING INC (GLXZ) reported $30.9M in total revenue for fiscal year 2025. This represents a -2.7% 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 INC's revenue growing?

GALAXY GAMING INC (GLXZ) revenue declined by 2.7% year-over-year, from $31.7M to $30.9M in fiscal year 2025.

Is GALAXY GAMING INC profitable?

Yes, GALAXY GAMING INC (GLXZ) reported a net income of $1.5M in fiscal year 2025, with a net profit margin of 4.8%.

GALAXY GAMING INC (GLXZ) reported diluted earnings per share of $0.06 for fiscal year 2025. This represents a 160.0% 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.

GALAXY GAMING INC (GLXZ) had EBITDA of $11.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, GALAXY GAMING INC (GLXZ) had $4.3M in cash and equivalents against $36.9M in long-term debt.

GALAXY GAMING INC (GLXZ) had a gross margin of 97.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

GALAXY GAMING INC (GLXZ) had an operating margin of 26.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

GALAXY GAMING INC (GLXZ) had a net profit margin of 4.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

GALAXY GAMING INC (GLXZ) generated $7.6M in free cash flow during fiscal year 2025. This represents a 87.4% 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.

GALAXY GAMING INC (GLXZ) generated $7.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

GALAXY GAMING INC (GLXZ) had $27.5M in total assets as of fiscal year 2025, including both current and long-term assets.

GALAXY GAMING INC (GLXZ) invested $123K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

GALAXY GAMING INC (GLXZ) invested $931K in research and development during fiscal year 2025.

GALAXY GAMING INC (GLXZ) had 25M shares outstanding as of fiscal year 2025.

GALAXY GAMING INC (GLXZ) had a current ratio of 1.44 as of fiscal year 2025, which is considered adequate.

GALAXY GAMING INC (GLXZ) had a return on assets of 5.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

GALAXY GAMING INC (GLXZ) trades at 8.1x earnings, its market capitalization divided by net income of $4.9M net income, trailing 12 months to June 30, 2026. The market capitalization is $39.9M as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

GALAXY GAMING INC (GLXZ) trades at 1.3x sales, its market capitalization divided by revenue of $31.2M revenue, trailing 12 months to June 30, 2026. The market capitalization is $39.9M as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

GALAXY GAMING INC (GLXZ) has negative shareholder equity of -$17.5M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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.

GALAXY GAMING INC (GLXZ) has an Altman Z-Score of 0.84, 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.

GALAXY GAMING INC (GLXZ) has a Piotroski F-Score of 6 out of 9, indicating neutral 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

GALAXY GAMING INC (GLXZ) has an earnings quality ratio of 5.19x, considered cash-backed (high 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.

GALAXY GAMING INC (GLXZ) has an interest coverage ratio of 2.28x, meaning it can adequately 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.

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