Here are the 10-K annual reports from Light & Wonder Inc (LNWO) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow LNWO 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 LNWO filings page.
Light & Wonder, Inc. is a Nevada-based cross‑platform global games company focused on casino, social and digital gaming. It operates three segments: Gaming (machines, systems, table products and charitable gaming), SciPlay (social and casual mobile games) and iGaming (real‑money digital casino content and platforms).
The company’s common stock trades on the Australian Securities Exchange as CHESS Depositary Interests under “LNW” after a voluntary delisting from Nasdaq in 2025. As of June 30, 2025, non‑affiliate equity market value was $6.34 billion, and total common shares outstanding, including CDIs, were 77,148,711 as of February 18, 2026.
Light & Wonder’s strategy centers on creating evergreen content across platforms, expanding in high‑return markets, maximizing operating cash flow and using a disciplined capital allocation framework that includes R&D, acquisitions and share repurchases. In May 2025 it acquired Grover, a charitable electronic pull‑tab provider with over 11,600 units across more than 1,500 U.S. locations, which is reported within the Gaming segment.
The company highlights extensive regulatory oversight of its land‑based and digital operations across roughly 478 jurisdictions, significant competition from major global gaming suppliers, and sensitivity to economic cycles, currency movements and changing gaming laws. It reports approximately 6,800 employees worldwide and emphasizes ESG initiatives, including responsible gaming, environmental programs, supplier diversity and human capital development.