Inspired Entertainment (INSE) Cash Flow: Operating & Free Cash Flow

Inspired Entertainment Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Inspired Entertainment, Inc. (INSE) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Mar 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Sep 2018	Sep 2017
Operating Activities
Net Income	-17.00	64.80	6.90	6.90	21.20	-40.60	-56.80	-37.00	-20.60	-49.11
Depreciation & Amortization	57.10	47.70	43.40	43.40	43.40	53.30	42.90	43.00	41.83	33.81
Deferred Income Tax	2.90	-69.40	0.00	-	0.00	0.00	7.20	-4.30	9.82	1.23
Stock Based Compensation	6.70	7.60	11.20	11.20	10.80	13.00	4.80	9.00	7.12	4.24
Change in Working Capital	-6.10	-20.10	-7.70	-7.70	-46.00	-36.40	5.70	8.70	-2.00	3.75
Change in Accounts Receivable	24.20	-22.80	1.10	1.10	-13.50	-4.70	-2.80	3.30	5.34	-4.57
Change in Inventory	7.30	3.80	-0.30	-0.30	-16.70	3.20	1.40	2.00	-0.45	2.74
Change in Accounts Payable	-19.60	-10.60	4.50	-1.90	-0.30	3.80	-4.70	6.90	-4.05	10.50
Change in Other Working Capital	1.80	1.20	-13.00	0.60	0.40	-16.80	17.50	-3.50	-2.84	-4.92
Other Operating Activities	1.80	-68.30	0.90	0.60	0.40	6.80	13.60	11.30	-1.96	24.34
Net Cash from Operating Activities	52.00	31.70	54.70	54.70	29.60	2.40	47.80	30.70	34.22	18.25
Investing Activities
Capital Expenditures	-45.60	-17.00	-46.70	-46.70	-31.00	-11.30	-15.30	-27.50	-42.93	-35.39
Acquisitions	18.10	0.00	0.00	-0.60	-0.60	-12.40	0.00	-105.90	0.00	0.00
Sales/Maturities of Investments	0.00	-11.80	0.00	-14.70	0.00	-8.70	-8.40	0.00	0.00	0.00
Other Investing Activities	-22.90	-11.30	-25.60	-10.30	-16.30	-8.70	0.00	0.00	-17.60	-20.27
Net Cash from Investing Activities	-40.50	-40.10	-57.60	-57.60	-37.50	-32.40	-23.70	-133.40	-42.93	-35.39
Financing Activities
Debt Repayment	-346.50	-1.60	17.80	-1.10	-0.60	-321.20	-5.10	128.70	15.80	-3.75
Common Stock Issued	0.00	0.00	0.00	-	0.00	30.50	0.00	0.00	0.00	1.65
Common Stock Repurchased	-0.40	0.00	-1.60	-1.60	-10.40	0.00	0.00	0.00	0.00	0.00
Other Financing Activities	-18.80	0.00	0.00	-	0.00	-11.20	-3.10	-15.20	-4.65	36.66
Net Cash from Financing Activities	0.00	-1.60	16.20	16.20	-11.00	31.20	-8.20	113.50	11.15	34.56
Summary
Effect of Forex Changes on Cash	2.50	-0.70	1.70	1.70	-3.90	-0.50	3.20	2.30	-0.01	1.12
Net Change in Cash	14.00	-10.70	15.00	15.00	-22.80	0.70	18.00	13.10	2.42	18.54
Cash at Beginning of Period	29.30	40.00	25.00	25.00	47.80	47.10	29.10	16.00	20.03	1.49
Cash at End of Period	43.30	29.30	40.00	40.00	25.00	47.80	47.10	29.10	22.45	20.03
Free Cash Flow	6.40	14.70	8.00	8.00	-1.40	-8.90	32.50	3.20	-8.72	-17.13
Supplemental Disclosures
Interest Paid	-	26.60	-	24.00	23.00	30.80	13.30	-	-	-
Income Taxes Paid	-	2.50	-	5.00	-	1.20	0.20	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Inspired Entertainment Cash Flow

What is Inspired Entertainment's free cash flow?

Inspired Entertainment generated free cash flow of $6.40M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $52.00M minus $45.60M of capital expenditures. That was down 56.5% from $14.70M a year earlier. Free cash flow equaled 2.1% of revenue.

How much does Inspired Entertainment spend on capital expenditures?

Inspired Entertainment spent $45.60M on capital expenditures in fiscal 2025, compared with $17.00M a year earlier. That equals 87.7% of operating cash flow.

Does Inspired Entertainment pay dividends or buy back shares?

Yes. In fiscal 2025 Inspired Entertainment returned $400.00K in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition