Quarterly ResultOct 16, 2026, 03:51 PM
Galaxy Gaming Q2 Revenue Up 5.5% to $7.94M; Leverage Drops to 2.79x
AI Summary
Galaxy Gaming, Inc. reported its second quarter 2026 results, showcasing a 5.5% year-over-year increase in total revenue to $7.94 million, driven by an 8.5% rise in recurring revenue to $7.89 million, which now constitutes 99.4% of total revenue. Adjusted EBITDA saw a 10.9% increase to $3.55 million, with the margin improving to 44.7%. The company also highlighted significant deleveraging, with total leverage dropping to 2.79x, and strong free cash flow generation. Subsequent to the quarter, Galaxy Gaming executed a share repurchase program and cancelled outstanding warrants, reducing the diluted share count.
Key Highlights
- Galaxy Gaming Q2 2026 revenue increased 5.5% YoY to $7.94M.
- Recurring revenue grew 8.5% YoY to $7.89M, representing 99.4% of total revenue.
- Adjusted EBITDA rose 10.9% YoY to $3.55M, with margin expanding to 44.7%.
- Total leverage decreased to 2.79x as of June 30, 2026.
- Free Cash Flow generation was $6.8M on a trailing twelve-month basis.
- Company repurchased 330,758 shares and cancelled 778,320 warrants in Q3 2026.
Price Impact
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