Galaxy Gaming Financials
This page shows Galaxy Gaming (GLXZ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).
High-gross-margin, asset-light economics mean profit depends less on sales volume than on overhead and debt costs.
FY2025’s return to net income was not a sales story: revenue edged down from$31.7M to$30.9M . Interest expense dropped to$3.6M from$9.1M , and with SG&A lower, operating profit finally translated into net profit despite continuing negative equity.
Gross margin stayed above
The balance sheet improved and tightened at the same time: long-term debt fell to
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Galaxy Gaming'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.
Galaxy Gaming has an operating margin of 26.5%, meaning the company retains $26 of operating profit per $100 of revenue. This strong profitability earns a score of 74/100, reflecting efficient cost management and pricing power. This is up from 18.0% the prior year.
Galaxy Gaming's revenue declined 2.7% year-over-year, from $31.7M to $30.9M. This contraction results in a growth score of 42/100.
Galaxy Gaming carries a low D/E ratio of -2.11, meaning only $-2.11 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 78/100, indicating a strong balance sheet with room for future borrowing.
Galaxy Gaming's current ratio of 1.44 is below the typical benchmark, resulting in a score of 24/100. However, the company holds substantial cash reserves (53% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
Galaxy Gaming converts 24.5% of revenue into free cash flow ($7.6M). This strong cash generation earns a score of 70/100.
Galaxy Gaming scores 0.89, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($43.9M) relative to total liabilities ($45.0M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Galaxy Gaming 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.
For every $1 of reported earnings, Galaxy Gaming 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.
Galaxy Gaming earns $2.3 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
Earnings & Revenue
Galaxy Gaming generated $30.9M in revenue in fiscal year 2025. This represents a decrease of 2.7% from the prior year.
Galaxy Gaming's EBITDA was $11.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 33.0% from the prior year.
Galaxy Gaming reported $1.5M in net income in fiscal year 2025. This represents an increase of 156.5% from the prior year.
Galaxy Gaming earned $0.06 per diluted share (EPS) in fiscal year 2025. This represents an increase of 160.0% from the prior year.
Cash & Balance Sheet
Galaxy Gaming generated $7.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 87.4% from the prior year.
Galaxy Gaming held $4.3M in cash against $36.9M in long-term debt as of fiscal year 2025.
Galaxy Gaming had 25M shares outstanding in fiscal year 2025. This represents an increase of 1.0% from the prior year.
Margins & Returns
Galaxy Gaming's gross margin was 97.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.2 percentage points from the prior year.
Galaxy Gaming's operating margin was 26.5% in fiscal year 2025, reflecting core business profitability. This is up 8.5 percentage points from the prior year.
Galaxy Gaming's net profit margin was 4.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 13.1 percentage points from the prior year.
Capital Allocation
Galaxy Gaming invested $931K in research and development in fiscal year 2025. This represents a decrease of 11.9% from the prior year.
Galaxy Gaming invested $123K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 117.2% from the prior year.
GLXZ Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.7M-7.0% | $8.2M+12.4% | $7.3M-2.7% | $7.5M-3.3% | $7.8M+2.9% | $7.6M-1.0% | $7.6M-10.3% | $8.5M |
| Cost of Revenue | $67K-58.8% | $163K-32.3% | $241K+28.3% | $188K0.0% | $188K+16.2% | $162K-52.8% | $343K-42.7% | $599K |
| Gross Profit | $7.6M-5.9% | $8.1M+14.0% | $7.1M-3.5% | $7.3M-3.4% | $7.6M+2.6% | $7.4M+1.4% | $7.3M-7.8% | $7.9M |
| R&D Expenses | $152K+60.4% | $95K-58.9% | $231K-5.2% | $243K-33.0% | $363K+32.2% | $274K+4.9% | $261K-3.0% | $269K |
| SG&A Expenses | $4.3M-7.2% | $4.7M+16.5% | $4.0M-4.6% | $4.2M-2.3% | $4.3M-10.3% | $4.8M-23.2% | $6.3M+41.8% | $4.4M |
| Operating Income | $2.2M-7.8% | $2.4M+23.8% | $1.9M-2.1% | $1.9M-1.6% | $2.0M+68.6% | $1.2M+1045.1% | -$124K-105.3% | $2.3M |
| Interest Expense | $776K-3.6% | $806K-7.6% | $872K-3.8% | $907K-9.6% | $1.0M-54.4% | $2.2M-3.9% | $2.3M+0.5% | $2.3M |
| Income Tax | $31K-19.4% | $38K+258.4% | -$24K-125.5% | $94K+157.9% | $36K+973.8% | -$4K-157.9% | $7K-74.6% | $28K |
| Net Income | $1.4M-9.8% | $1.5M+45.8% | $1.0M+9.3% | $950K+147.0% | -$2.0M-129.5% | -$881K+59.9% | -$2.2M-1005.6% | $243K |
| EPS (Diluted) | $0.05 | N/A | $0.040.0% | $0.04+150.0% | $-0.08 | N/A | $-0.09-1000.0% | $0.01 |
GLXZ Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $27.0M-1.7% | $27.5M+4.2% | $26.4M-0.8% | $26.6M-4.4% | $27.8M-32.2% | $41.0M-2.3% | $42.0M+1.2% | $41.5M |
| Current Assets | $10.9M-5.4% | $11.6M+14.3% | $10.1M-3.1% | $10.5M-10.6% | $11.7M-51.7% | $24.2M-2.7% | $24.8M+3.3% | $24.0M |
| Cash & Equivalents | $4.9M+12.7% | $4.3M+29.2% | $3.3M-33.8% | $5.0M-5.0% | $5.3M-70.7% | $18.1M+1.2% | $17.9M-7.5% | $19.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $4.7M-17.7% | $5.7M+11.3% | $5.2M+18.1% | $4.4M-18.1% | $5.3M+13.0% | $4.7M-16.4% | $5.6M+49.5% | $3.8M |
| 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 | $43.2M-3.9% | $45.0M-1.1% | $45.5M-3.0% | $46.9M-5.2% | $49.4M-19.0% | $61.1M-0.5% | $61.3M+4.0% | $59.0M |
| Current Liabilities | $7.3M-9.1% | $8.1M+1.7% | $7.9M+5.3% | $7.5M-0.3% | $7.6M+14.4% | $6.6M-6.6% | $7.1M+46.1% | $4.8M |
| Long-Term Debt | $35.8M-2.8% | $36.9M-1.4% | $37.4M-4.3% | $39.1M-6.1% | $41.6M-23.1% | $54.1M+0.4% | $53.9M+0.4% | $53.7M |
| Total Equity | -$16.2M+7.4% | -$17.5M+8.3% | -$19.1M+5.9% | -$20.3M+6.4% | -$21.6M-7.9% | -$20.1M-3.5% | -$19.4M-10.7% | -$17.5M |
| Retained Earnings | -$36.9M+3.6% | -$38.3M+3.8% | -$39.8M+2.5% | -$40.8M+2.3% | -$41.8M-5.1% | -$39.8M-2.3% | -$38.9M-6.0% | -$36.7M |
GLXZ Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.5M+14.2% | $2.2M+98.2% | $1.1M-64.6% | $3.2M+171.9% | $1.2M+9.1% | $1.1M+226.6% | -$846K-133.7% | $2.5M |
| Capital Expenditures | $64K+118.2% | $29K | $0 | $0-100.0% | $94K | N/A | N/A | N/A |
| Free Cash Flow | $2.5M+12.8% | $2.2M+95.6% | $1.1M-64.6% | $3.2M+195.5% | $1.1M | N/A | N/A | N/A |
| Investing Cash Flow | -$1.0M-68.6% | -$611K+41.9% | -$1.1M-19.8% | -$878K-210.0% | -$283K+35.8% | -$441K+12.6% | -$505K-55.4% | -$325K |
| Financing Cash Flow | -$883K-39.8% | -$632K+63.5% | -$1.7M+34.6% | -$2.6M+80.9% | -$13.8M-5716.8% | -$238K-30.3% | -$183K+25.6% | -$246K |
| 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 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 99.1%+1.1pp | 98.0%+1.3pp | 96.7%-0.8pp | 97.5%-0.1pp | 97.6%-0.3pp | 97.9%+2.3pp | 95.5%+2.5pp | 93.0% |
| Operating Margin | 28.4%-0.3pp | 28.6%+2.6pp | 26.0%+0.2pp | 25.8%+0.5pp | 25.4%+9.9pp | 15.5%+17.1pp | -1.6%-29.1pp | 27.5% |
| Net Margin | 17.8%-0.6pp | 18.4%+4.2pp | 14.2%+1.6pp | 12.6%+38.6pp | -26.0%-14.3pp | -11.6%+17.1pp | -28.7%-31.6pp | 2.9% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 5.1%-0.5pp | 5.5%+1.6pp | 3.9%+0.4pp | 3.6%+10.8pp | -7.3%-5.1pp | -2.1%+3.1pp | -5.2%-5.8pp | 0.6% |
| Current Ratio | 1.50+0.1 | 1.44+0.2 | 1.28-0.1 | 1.39-0.2 | 1.55-2.1 | 3.66+0.1 | 3.51-1.5 | 4.97 |
| Debt-to-Equity | -2.22-0.1 | -2.11-0.1 | -1.96-0.0 | -1.930.0 | -1.92+0.8 | -2.70+0.1 | -2.78+0.3 | -3.06 |
| FCF Margin | 32.4%+5.7pp | 26.7%+11.4pp | 15.3%-26.9pp | 42.2%+28.4pp | 13.8% | N/A | N/A | N/A |
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.
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Frequently Asked Questions
What is Galaxy Gaming's annual revenue?
Galaxy Gaming (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's revenue growing?
Galaxy Gaming (GLXZ) revenue declined by 2.7% year-over-year, from $31.7M to $30.9M in fiscal year 2025.
Is Galaxy Gaming profitable?
Yes, Galaxy Gaming (GLXZ) reported a net income of $1.5M in fiscal year 2025, with a net profit margin of 4.8%.
What is Galaxy Gaming's EBITDA?
Galaxy Gaming (GLXZ) had EBITDA of $11.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Galaxy Gaming have?
As of fiscal year 2025, Galaxy Gaming (GLXZ) had $4.3M in cash and equivalents against $36.9M in long-term debt.
What is Galaxy Gaming's gross margin?
Galaxy Gaming (GLXZ) had a gross margin of 97.5% in fiscal year 2025, 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 26.5% in fiscal year 2025, 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 4.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Galaxy Gaming's free cash flow?
Galaxy Gaming (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.
What is Galaxy Gaming's operating cash flow?
Galaxy Gaming (GLXZ) generated $7.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Galaxy Gaming's total assets?
Galaxy Gaming (GLXZ) had $27.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Galaxy Gaming's capital expenditures?
Galaxy Gaming (GLXZ) invested $123K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Galaxy Gaming spend on research and development?
Galaxy Gaming (GLXZ) invested $931K in research and development during fiscal year 2025.
What is Galaxy Gaming's current ratio?
Galaxy Gaming (GLXZ) had a current ratio of 1.44 as of fiscal year 2025, which is considered adequate.
What is Galaxy Gaming's debt-to-equity ratio?
Galaxy Gaming (GLXZ) had a debt-to-equity ratio of -2.11 as of fiscal year 2025, 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 5.4% for fiscal year 2025, 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 -$17.5M as of fiscal year 2025, 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 0.89, 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 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.
Are Galaxy Gaming's earnings high quality?
Galaxy Gaming (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.
Can Galaxy Gaming cover its interest payments?
Galaxy Gaming (GLXZ) has an interest coverage ratio of 2.3x, 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.
How financially healthy is Galaxy Gaming?
Galaxy Gaming (GLXZ) scores 48 out of 100 on our Financial Profile, indicating moderate 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.