Inspired Entertainment, Inc. (INSE) SEC Filings & Earnings Calls

Transition risk minimal due to internal appointment and garden leave arrangement.

“Ms. Camilleri remains on garden leave until Dec 31, 2026; Ms. Damon has prior experience in the role.”

UK remote gaming duty increase effective April 1, 2026 could pressure Interactive segment margins if market share gains slow

“despite the higher UK remote gaming duty introduced April 1” · word for word

Revenue decline of ~30% YoY due to divestiture and restructuring, though expected and part of transformation

“Portfolio optimization initiatives reduced Revenue by approximately 30% year-over-year”

Customer concentration in Retail Solutions

“During the period ended June 30, 2026, the Retail Solutions segment was affected by a customer’s shop closures that resulted in the removal of a number of Vantage terminals from the field.” · word for word

High leverage and debt service costs

“Interest expense, net (9.5 ) (7.1 ) - (2.4 ) 34 % 34 %” · word for word

Declining cash position

“As of June 30, 2026, we had liquidity consisting of $23.2 million in cash and cash equivalents... This compares to $46.3 million of cash and cash equivalents as of June 30, 2025.” · word for word

UK regulatory tax pressure

“UK growth was partially offset by higher UK remote gaming taxes.” · word for word

CFO transition risk is low due to internal promotion and orderly handover.

“Mr. Richardson will remain available to assist with the transition for a period of three months while he is on garden leave.” · word for word

UK remote gaming duty nearly doubled in April 2026, could pressure future margins.

“Despite the near doubling of the UK remote gaming duty in April, we continue to gain share.” · word for word

Virtual Sports Adjusted EBITDA slightly down; expected improvement in H2 2026.

“Virtual Sports Adjusted EBITDA was slightly down in the quarter.” · word for word

Reported revenue declined 5% due to divestitures and pubs restructuring.

“While reported revenue declined 5% year over year due to the divestiture and pubs restructuring.” · word for word

Retail Solutions revenue decline from restructuring

“Retail Solutions revenue declined by $9.8 million, or 25% compared to the three-month period ended March 31, 2025.” · word for word

High leverage and interest expense

“Interest expense, net $10.5 million for the three months ended March 31, 2026, up from $7.0 million a year ago.”

Net loss persists

“Net Loss $ (0.5 ) million for the three months ended March 31, 2026.”

Customer concentration in Leisure segment

“The two contracts collectively represented approximately 33% and 24% of the 'All Other Leisure' asset groups total revenue and EBITDA during the year ended December 31, 2024.” · word for word

Regulatory risk in Brazil

“growth in Brazil not meeting forecast expectations, due to the introduction of a gaming tax in January 2025 which reduced the revenue levels and caused delay in market expansion.” · word for word

Key customer dependency in Virtual Sports

“materially lower volumes from a key customer and growth in Brazil not meeting forecast expectations” · word for word

Loss of revenue and earnings from divested UK holiday parks business; no disclosure of financial impact

“Sale of UK holiday parks business; no financial details on contribution or gain/loss provided.”

Virtual Sports Regulatory Risk

“During the three and nine-month period ended September 30, 2025, revenue decreased by $2.2 million and $8.9 million, or 20% and 25%, respectively compared to the three and nine-month period ended September 30, 2024 primarily driven by a regulation in the Brazilian market and introduction of new levies.” · word for word

Leisure Segment Impairment Risk

“During the quarter, management identified the nonrenewal of two significant customer contracts within the pub sector as a potential indicator of impairment for the All Other asset group within the Leisure segment... As a result of the identified triggering event, management performed a recoverability test... no impairment charge was recorded. Management will”

Virtual Sports revenue decline of 17% YoY

“Virtual Sports revenue $9.3M, down 17% from $11.2M prior year.”

Currency exposure to GBP/USD

“Guidance assumes GBP:USD exchange rates will remain broadly in line with current levels.”