Accel Entertainment, Inc.

For the period ended Jun 30, 2026. Filed Aug 4, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Aug 4, 2026

ACEL$13.90+1.3%Stored close · as of Nov 9, 2026

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Contents

Item 1. FINANCIAL STATEMENTS

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited)

(In thousands, except per share amounts)	Three Months EndedJune 30,		Six Months EndedJune 30,
	2026	2025	2026	2025
Net revenues:
Net gaming	$347,375	$313,919	$678,800	$615,870
Amusement	5,250	5,517	11,075	11,425
Manufacturing	568	1,763	1,808	5,621
ATM fees and other	14,932	14,710	28,000	26,905
Total net revenues	368,125	335,909	719,683	659,821
Operating expenses:
Cost of revenue (exclusive of depreciation and amortization expense shown below)	252,620	229,758	494,236	451,230
Cost of manufacturing goods sold (exclusive of depreciation and amortization expense shown below)	268	886	904	2,962
General and administrative	59,556	54,878	117,604	107,882
Depreciation and amortization of property and equipment	13,827	13,095	27,689	25,396
Amortization of intangible assets and route and customer acquisition costs	6,823	6,322	13,613	12,612
Other expenses, net	2,978	4,096	6,504	6,913
Total operating expenses	336,072	309,035	660,550	606,995
Operating income	32,053	26,874	59,133	52,826
Interest expense, net	8,642	8,771	17,143	17,456
Loss from unconsolidated affiliates	14	17	30	33
Loss on change in fair value of contingent earnout shares	5,018	5,734	3,542	3,379
Income before income tax expense	18,379	12,352	38,418	31,958
Income tax expense	5,872	5,090	11,248	10,083
Net income	$12,507	$7,262	$27,170	$21,875
Less: Net income (loss) attributed to redeemable noncontrolling interests	14	(53)	4	(79)
Net income attributable to Accel Entertainment, Inc.	$12,493	$7,315	$27,166	$21,954
Earnings per common share:
Basic	$0.15	$0.09	$0.33	$0.26
Diluted	0.15	0.08	0.32	0.25
Weighted average number of common shares outstanding:
Basic	82,039	85,710	82,299	85,856
Diluted	83,415	86,943	83,753	87,082
Comprehensive income
Net income	$12,507	$7,262	$27,170	$21,875
Unrealized gain (loss) on interest rate hedging instruments (net of income tax benefit of $840, $(312), $822, and $(738), respectively)	2,240	(830)	2,192	(1,963)
Comprehensive income	$14,747	$6,432	$29,362	$19,912
Less: Comprehensive income (loss) attributable to redeemable noncontrolling interests	14	(53)	4	(79)
Comprehensive income attributable to Accel Entertainment, Inc.	$14,733	$6,485	$29,358	$19,991

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except par value and share amounts)	June 30,	December 31
	2026	2025
Assets
Current assets:
Cash and cash equivalents	$255,451	$296,566
Accounts receivable, net	13,854	14,198
Prepaid expenses	10,811	7,102
Inventories	9,611	8,231
Income taxes receivable	27,159	9,121
Interest rate hedging instruments	—	430
Other current assets	7,392	7,386
Total current assets	324,278	343,034
Property and equipment, net	359,567	350,304
Route and customer acquisition costs, net	32,860	31,147
Location contracts acquired, net	184,191	186,406
Goodwill	114,737	114,426
Other intangible assets, net	59,860	61,034
Interest rate hedging instruments, net of current	3,366	—
Other assets	18,139	17,042
Total assets	$1,096,998	$1,103,393
Liabilities, Temporary equity, and Stockholders’ equity
Current liabilities:
Current maturities of debt	$30,000	$37,583
Current portion of route and customer acquisition costs payable	3,180	2,473
Accrued location gaming expense	5,070	5,516
Accrued state gaming expense	20,343	21,065
Accounts payable and other accrued expenses	53,807	51,028
Accrued compensation and related expenses	14,433	9,946
Current portion of consideration payable	4,249	3,881
Total current liabilities	131,082	131,492
Debt, net of current maturities	543,329	569,837
Route and customer acquisition costs payable, less current portion	11,434	10,232
Consideration payable, less current portion	15,494	15,790
Contingent earnout share liability	37,218	33,676
Other long-term liabilities	10,194	9,373
Deferred income tax liability, net	60,299	59,230
Total liabilities	809,050	829,630
Temporary equity - Redeemable noncontrolling interest	4,084	4,080
Stockholders’ equity:
Preferred Stock, par value of $0.0001; 1,000,000 shares authorized; 0 shares issued and outstanding at June 30, 2026 and December 31, 2025	—	—
Class A-1 Common Stock, par value $0.0001; 250,000,000 shares authorized; 96,746,724 shares issued and 81,222,573 shares outstanding at June 30, 2026; 96,250,980 shares issued and 82,287,349 shares outstanding at December 31, 2025	8	8
Additional paid-in capital	231,752	229,028
Treasury stock, at cost	(163,648)	(145,747)
Accumulated other comprehensive income	2,380	188
Accumulated earnings	213,372	186,206
Total stockholders' equity	283,864	269,683
Total liabilities, temporary equity, and stockholders' equity	$1,096,998	$1,103,393

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