Every 10-Q that LIGHT & WONDER INC CDI (LAWIL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow LAWIL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LAWIL filings page.
Light & Wonder, Inc. reported Q1 2026 revenue of $790 million, up 2% from $774 million a year earlier, as strong Gaming and iGaming growth offset weaker SciPlay performance. Gaming revenue rose 3%, helped by higher participation revenue and the Grover charitable gaming acquisition, while iGaming grew 18% on North American momentum. SciPlay revenue fell 7% due to fewer paying users at JACKPOT PARTY Casino, partly offset by higher spend per payer.
Despite higher revenue, net income fell to $52 million from $82 million, as operating income declined 24%. The drop was driven by a $50 million legal reserve, higher depreciation and amortization tied to installed base and Grover assets, and increased salaries and professional fees. Interest expense also rose with higher debt levels, though income tax expense declined with lower worldwide earnings.
The company generated $139 million of operating cash flow, down from $185 million, and invested $74 million in capital expenditures. Cash, cash equivalents and restricted cash ended the quarter at $253 million. Total debt had a book value of $5.14 billion, including term loans, a $210 million revolver draw and unsecured notes maturing between 2029 and 2033. Stockholders’ equity was $311 million, reflecting share repurchases, treasury stock retirement and retained earnings.
Light & Wonder (LNW) reported stronger Q3 results. Total revenue was $841 million versus $817 million a year ago, driven by higher services and iGaming. Operating income rose to $229 million from $159 million. Net income was $114 million with diluted EPS of $1.34, up from $0.71.
Gaming delivered $558 million of revenue, with gaming operations up and machine sales lower year over year. SciPlay posted $197 million, reflecting a shift toward direct‑to‑consumer platforms, and iGaming reached $86 million. Year‑to‑date operating cash flow was $475 million.
The company completed the Grover Charitable Gaming acquisition on May 16, 2025 for upfront consideration of $850 million and recognized preliminary intangible assets of $464 million and goodwill of $392 million. To optimize its capital structure, LNW issued $1.0 billion of 6.250% senior unsecured notes due 2033 and redeemed $700 million of 2028 notes, and drew a new Term Loan A of $800 million. Long‑term debt (book value) was $4.94 billion. The company repurchased approximately 4.3 million shares for $380 million year to date.