Inspired Entertainment (INSE)
Market Price (5/4/2026): $7.22 | Market Cap: $210.0 MilSector: Consumer Discretionary | Industry: Casinos & Gaming
Inspired Entertainment (INSE)
Market Price (5/4/2026): $7.22Market Cap: $210.0 MilSector: Consumer DiscretionaryIndustry: Casinos & Gaming
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17% Low stock price volatilityVol 12M is 45% Megatrend and thematic driversMegatrends include Digital Content & Streaming, and Markets & Betting. Themes include Gaming Content & Platforms, and Prediction Markets. | Weak multi-year price returns2Y Excs Rtn is -60%, 3Y Excs Rtn is -119% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 157% Weak revenue growthRev Chg QQuarterly Revenue Change % is -7.0% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -12% Key risksINSE key risks include [1] recurring financial reporting delays and potential NASDAQ delisting, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17% |
| Low stock price volatilityVol 12M is 45% |
| Megatrend and thematic driversMegatrends include Digital Content & Streaming, and Markets & Betting. Themes include Gaming Content & Platforms, and Prediction Markets. |
| Weak multi-year price returns2Y Excs Rtn is -60%, 3Y Excs Rtn is -119% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 157% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -7.0% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -12% |
| Key risksINSE key risks include [1] recurring financial reporting delays and potential NASDAQ delisting, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Significant Q4 2025 Earnings Per Share Miss: Inspired Entertainment reported a GAAP net loss of $7.2 million and an adjusted net loss of $5.1 million for the fourth quarter of 2025, translating to an EPS of -$0.18. This significantly missed analyst consensus estimates of $0.25 by $0.43, resulting in an 8.15% premarket stock price decline on March 10, 2026.
2. Declining Revenue and Negative Profitability Metrics: While Q4 2025 revenue of $77.2 million surpassed analyst expectations, it represented a 7% year-over-year decrease. Furthermore, the company recorded a negative net margin of 5.59% and a negative return on equity of 1,176.67% for the quarter, indicating challenges in profitability despite a strategic shift towards digital operations.
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Stock Movement Drivers
Fundamental Drivers
The -19.0% change in INSE stock from 1/31/2026 to 5/3/2026 was primarily driven by a -17.5% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 5032026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.93 | 7.23 | -19.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 310 | 304 | -1.9% |
| P/S Multiple | 0.8 | 0.7 | -17.5% |
| Shares Outstanding (Mil) | 29 | 29 | 0.0% |
| Cumulative Contribution | -19.0% |
Market Drivers
1/31/2026 to 5/3/2026| Return | Correlation | |
|---|---|---|
| INSE | -19.0% | |
| Market (SPY) | 3.6% | 54.9% |
| Sector (XLY) | -1.9% | 52.3% |
Fundamental Drivers
The -4.2% change in INSE stock from 10/31/2025 to 5/3/2026 was primarily driven by a -5.2% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 5032026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.55 | 7.23 | -4.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 301 | 304 | 1.1% |
| P/S Multiple | 0.7 | 0.7 | -5.2% |
| Shares Outstanding (Mil) | 29 | 29 | 0.0% |
| Cumulative Contribution | -4.2% |
Market Drivers
10/31/2025 to 5/3/2026| Return | Correlation | |
|---|---|---|
| INSE | -4.2% | |
| Market (SPY) | 5.5% | 49.1% |
| Sector (XLY) | -0.7% | 52.3% |
Fundamental Drivers
The -2.4% change in INSE stock from 4/30/2025 to 5/3/2026 was primarily driven by a -2.7% change in the company's P/S Multiple.| (LTM values as of) | 4302025 | 5032026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.41 | 7.23 | -2.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 297 | 304 | 2.3% |
| P/S Multiple | 0.7 | 0.7 | -2.7% |
| Shares Outstanding (Mil) | 29 | 29 | -2.0% |
| Cumulative Contribution | -2.4% |
Market Drivers
4/30/2025 to 5/3/2026| Return | Correlation | |
|---|---|---|
| INSE | -2.4% | |
| Market (SPY) | 30.4% | 49.7% |
| Sector (XLY) | 21.2% | 46.9% |
Fundamental Drivers
The -43.5% change in INSE stock from 4/30/2023 to 5/3/2026 was primarily driven by a -44.1% change in the company's P/S Multiple.| (LTM values as of) | 4302023 | 5032026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.80 | 7.23 | -43.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 284 | 304 | 6.9% |
| P/S Multiple | 1.2 | 0.7 | -44.1% |
| Shares Outstanding (Mil) | 27 | 29 | -5.5% |
| Cumulative Contribution | -43.5% |
Market Drivers
4/30/2023 to 5/3/2026| Return | Correlation | |
|---|---|---|
| INSE | -43.5% | |
| Market (SPY) | 78.7% | 51.3% |
| Sector (XLY) | 64.4% | 48.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| INSE Return | 97% | -2% | -22% | -8% | 3% | -25% | 7% |
| Peers Return | -7% | -39% | 55% | -5% | -15% | -8% | -35% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 5% | 92% |
Monthly Win Rates [3] | |||||||
| INSE Win Rate | 58% | 58% | 58% | 58% | 75% | 0% | |
| Peers Win Rate | 45% | 33% | 55% | 47% | 62% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| INSE Max Drawdown | -9% | -41% | -42% | -23% | -26% | -35% | |
| Peers Max Drawdown | -29% | -52% | -10% | -26% | -30% | -29% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DKNG, FLUT, PENN, CZR, MGM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/1/2026 (YTD)
How Low Can It Go
| Event | INSE | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -14.6% | -7.8% |
| % Gain to Breakeven | 17.1% | 8.5% |
| Time to Breakeven | 18 days | 18 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -41.4% | -24.5% |
| % Gain to Breakeven | 70.7% | 32.4% |
| Time to Breakeven | 29 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -65.4% | -33.7% |
| % Gain to Breakeven | 188.9% | 50.9% |
| Time to Breakeven | 210 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -32.4% | -19.2% |
| % Gain to Breakeven | 48.0% | 23.7% |
| Time to Breakeven | 29 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -13.6% | -3.7% |
| % Gain to Breakeven | 15.8% | 3.9% |
| Time to Breakeven | 22 days | 6 days |
In The Past
Inspired Entertainment's stock fell -14.6% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 17.1% gain to breakeven.
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| Event | INSE | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -41.4% | -24.5% |
| % Gain to Breakeven | 70.7% | 32.4% |
| Time to Breakeven | 29 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -65.4% | -33.7% |
| % Gain to Breakeven | 188.9% | 50.9% |
| Time to Breakeven | 210 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -32.4% | -19.2% |
| % Gain to Breakeven | 48.0% | 23.7% |
| Time to Breakeven | 29 days | 105 days |
In The Past
Inspired Entertainment's stock fell -14.6% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 17.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Inspired Entertainment (INSE)
AI Analysis | Feedback
Inspired Entertainment is like the Shopify for the regulated gambling industry, providing the underlying technology, games, and physical terminals that power casinos, betting offices, and online operators to run their businesses.
Inspired Entertainment is like the NCR for the global gambling industry, providing the specialized gaming terminals, software, and content (like virtual sports and casino games) that power betting offices, casinos, and entertainment venues worldwide.
Inspired Entertainment is like the Arm Holdings (ARM) of the global gambling world, designing and supplying the core gaming software, virtual sports content, and specialized terminals that other operators license and use to power their physical and online betting and casino offerings.
AI Analysis | Feedback
- Gaming Terminals: Physical hardware and associated software supplied to betting offices, casinos, gaming halls, and adult gaming centers.
- Gaming Software and Content: A diverse portfolio of digital games, including popular slots like Centurion and Super Hot Fruits, traditional casino games (roulette, blackjack), and premium random number generated (RNG) casino content.
- Virtual Sports Games: Ultra-high-definition simulations of various sports, such as soccer, football, basketball, and horse racing, designed for betting and gaming operators.
- Amusement Machines: Gaming terminals and amusement devices provided for pubs, bingo halls, family entertainment centers, and other leisure venues.
AI Analysis | Feedback
Inspired Entertainment, Inc. (INSE) is a business-to-business (B2B) gaming technology company, meaning it primarily sells its products and services to other companies rather than directly to individuals. The provided background information describes the categories of its major customers rather than specific named companies.
The major customer categories for Inspired Entertainment include:
- Regulated lottery operators
- Betting operators
- Gaming operators
- Betting offices
- Casinos
- Gaming halls
- High street adult gaming centers
- Pubs
- Bingo halls
- Family entertainment centers
- Bowling centers
- Other entertainment venues
As the background description does not list specific customer companies by name, including their public symbols is not possible.
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Brooks Pierce, President and Chief Executive Officer
Mr. Pierce was appointed President and Chief Executive Officer of Inspired Entertainment in May 2018. He joined Inspired in April 2018. Prior to his current role, he served as the CEO of BHP Consulting Group, LLC. His extensive experience in the gaming industry includes serving as Managing Director of the Americas at Aristocrat Technologies from 2015 to 2017, Chief Revenue Officer for the gaming division of Scientific Games from 2012 to 2015, and President and Chief Business Development Officer for Sportech PLC from 2010 to 2012. Mr. Pierce also worked closely with A. Lorne Weil for 24 years building Scientific Games.
James Richardson, Chief Financial Officer
Mr. Richardson was appointed Chief Financial Officer of Inspired Entertainment, effective January 1, 2025. He brings nearly three decades of financial leadership experience to the role. Before joining Inspired, Mr. Richardson served as Finance Director at Manchester Airports Group (MAG) for five years, overseeing financial operations for major UK airports. He also previously held the position of CFO of Online at William Hill in Gibraltar for just under two years, and began his career at PwC.
A. Lorne Weil, Executive Chairman
Mr. Weil has served as Executive Chairman since December 2016, following the business combination that formed the current Inspired Entertainment, Inc. He was the co-sponsor and founder of Inspired's predecessor, Hydra Industries Acquisition Corp, a special purpose acquisition company (SPAC), and served as its Chairman and Chief Executive Officer from its formation in 2014. He has been a principal of Hydra Management, an investment vehicle he formed, since September 2014. From October 1991 to November 2013, Mr. Weil was the Chairman of the Board of Scientific Games Corporation and its predecessor, Autotote Corporation.
Simona Camilleri, General Counsel
Dr. Camilleri joined Inspired Entertainment as General Counsel in 2024. She has a comprehensive background in legal and compliance, having held various leadership positions at companies such as Sportingtech, Casumo, Payhound, Booming Games, and the Betclic Everest Group. Dr. Camilleri has also contributed to the industry through her service on the Board of Gaming Malta and as an Executive Committee Member (Chairperson) for the Remote Gaming Business Section at the Malta Chamber of Commerce. Her prior experience includes roles as UK Counsel for Scientific Games, Global Draw, and Games Media.
Lee Gregory, Chief Commercial Officer – Gaming
Mr. Gregory, Chief Commercial Officer – Gaming, has been with Inspired Entertainment since 1984. Throughout his extensive career at the company, he has held key leadership roles, including Senior Vice President for the UK market from 2012 to 2015 and Managing Director for Bingo and Casino from September 2008 to September 2012. He possesses over thirty years of experience in the European retail gaming sector.
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Inspired Entertainment (INSE) faces several key risks inherent to the business-to-business gaming technology sector and its current financial and operational strategies. The most significant key risks to Inspired Entertainment's business are: * **High Leverage and Financial Risk:** Inspired Entertainment carries a notable amount of debt, which presents a significant financial risk. The company's net leverage ratio was reported as 3.3x at year-end 2025 and also as 9.51 in another assessment, which is considered high and creates significant financial risk compared to some competitors. This high leverage can limit financial flexibility, increase vulnerability to interest rate fluctuations, and potentially hinder investment in growth opportunities or acquisitions. * **Regulatory Changes and Compliance:** The global gaming industry is heavily regulated, and Inspired Entertainment operates across multiple jurisdictions, making it highly susceptible to changes in laws, taxation, and licensing requirements. Regulatory tightening in regions like the UK and Europe, as well as shifts in emerging markets like Brazil, have already impacted segments such as Virtual Sports, leading to declines in adjusted EBITDA. The company explicitly identifies "Regulatory Risks" as a threat to its business. Non-compliance can result in significant fines, operational restrictions, and reputational damage. * **Intense Competition:** Inspired Entertainment operates in a highly competitive landscape against both established content creators and larger, more diversified platform providers and machine manufacturers. These competitors often benefit from vast economies of scale, extensive research and development budgets, and broader global distribution networks. While Inspired Entertainment has carved out a niche in Virtual Sports and Interactive iGaming, this intense competition can pressure pricing, limit market share gains, and make it challenging to expand into new markets, such as the high-growth North American iGaming sector.AI Analysis | Feedback
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Inspired Entertainment (INSE) operates in several significant global addressable markets for its diverse gaming technology products and services.
Addressable Markets for Inspired Entertainment's Main Products and Services:
- Gaming Terminals and Content (Casino & Interactive): The global online casino market size was estimated at USD 19.11 billion in 2024 and is projected to reach USD 38.00 billion by 2030. Similarly, another report valued the global online casino market at USD 17 billion in 2023, with an expected growth to USD 39 billion by 2032. For land-based casino gaming, which includes gaming terminals and traditional casino games, the global casino market size was valued at USD 308.52 billion in 2024 and is projected to grow to USD 542.41 billion by 2033. Land-based casino gaming constituted the largest segment in the global casino market in 2024, holding a 70.1% market share.
- Virtual Sports: The global Virtual Sports market size was over USD 21.33 billion in 2025 and is projected to reach USD 101.66 billion by 2035. Another estimate places the global Virtual Sports Market size at USD 22.42 billion in 2025, with a prediction to increase to approximately USD 105.50 billion by 2035. The virtual sports betting market specifically was valued at USD 12.67 billion in 2024 and is poised to grow to USD 53.27 billion by 2033.
- Leisure (Amusement Machines): The global amusement machine market size is valued at USD 16.72 billion in 2025 and is estimated to reach USD 43.13 billion by 2034. Another consistent figure shows the global amusement machine market size at USD 18.37 billion in 2025, predicted to increase to approximately USD 47.13 billion by 2034.
- Lottery: The global lottery market size was estimated at USD 374.01 billion in 2025 and is projected to reach USD 596.48 billion by 2033. Complementary data indicates the global lottery market is projected at USD 376.68 billion in 2025, expected to rise to nearly USD 550.21 billion by 2034.
- Sports Betting: The global sports betting market size was estimated at USD 100.9 billion in 2024 and is projected to reach USD 187.39 billion by 2030. Another source indicates the global sports betting market was valued at USD 191.66 billion in 2025 and is expected to reach USD 385.8 billion by 2033.
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Expected Drivers of Future Revenue Growth for Inspired Entertainment (INSE)
Inspired Entertainment (INSE) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:
- Continued Growth in the Interactive Segment: The Interactive business is anticipated to maintain its strong performance across all geographies, including the UK and North America. This segment's growth is fueled by scaling content and distribution, expanding its pipeline of proprietary titles and game mechanics, and increasing studio capacity. The Interactive segment has demonstrated significant year-over-year revenue and Adjusted EBITDA growth, contributing increasingly to the company's overall profitability.
- Revitalization and Expansion of the Virtual Sports Segment: Following a period of moderated growth, the Virtual Sports segment is expected to return to growth due to new product launches, such as the NFL game, and the acquisition of additional customers in new geographies. Management is confident in this segment's ability to contribute to year-over-year growth.
- Expansion into New iGaming Geographies: Inspired Entertainment plans to expand its iGaming presence into new markets, specifically identifying opportunities in South Africa, the Philippines, and Portugal. Further iGaming legalization in the United States, such as in Maine, is also considered a potential growth avenue.
- Exploitation of the Chicago Video Gaming Terminal (VGT) Opportunity: The company has highlighted the Chicago VGT market as a specific opportunity for expansion and revenue generation.
- Increased New Product Launches and Proprietary Content: A significant driver will be the accelerated development and launch of new games. Inspired Entertainment aims to deliver 37 new games in 2026 and 48 in 2027, representing a substantial increase in its content creation engine over a three-year period. The success of proprietary game mechanics and new titles is critical to scaling revenue and market acceptance.
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Share Repurchases
- Inspired Entertainment's board reauthorized a $25 million share buyback plan, with execution expected to be opportunistic.
- The company made quarterly share repurchases including $1.52 million in September 2023, $55.07 thousand in June 2023, and $351.67 thousand in December 2022.
- Further repurchases include $4.98 million in September 2022 and $5.13 million in June 2022.
Share Issuance
- The number of outstanding shares increased from 22.74 million in 2021 to 29.09 million at the end of 2025.
- Performance restricted stock units (RSUs) were awarded to President and CEO H. Brooks Pierce in February 2025 and May 2023, convertible into common shares upon achieving performance goals.
- Chief Financial Officer James Andrew Richardson also received performance restricted stock units in February 2025.
Capital Expenditures
- Cash capital expenditures are projected to decrease from $44 million in 2025 to an annual range of $30-35 million in 2026 and 2027.
- Reported capital expenditures for 2025 included $58.6 million for the full year, and $11.1 million in Q4 2025 specifically for funding long-term assets and infrastructure.
- The company's strategic shift toward a digital-led, asset-light business model aims for declining capital intensity.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Inspired Entertainment Earnings Notes | 12/16/2025 | |
| Inspired Entertainment Stock Rockets 28% With 8-Day Winning Streak | 12/03/2025 | |
| 8-Day Rally Sends Inspired Entertainment Stock Up 28% | 12/03/2025 | |
| Inspired Entertainment Stock 8-Day Winning Spree: Stock Climbs 32% | 12/03/2025 |
| Title | |
|---|---|
| ARTICLES |
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 25.69 |
| Mkt Cap | 7.8 |
| Rev LTM | 9,315 |
| Op Inc LTM | 440 |
| FCF LTM | 450 |
| FCF 3Y Avg | 259 |
| CFO LTM | 923 |
| CFO 3Y Avg | 837 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.9% |
| Rev Chg 3Y Avg | 2.9% |
| Rev Chg Q | 5.3% |
| QoQ Delta Rev Chg LTM | 1.3% |
| Op Inc Chg LTM | 6.4% |
| Op Inc Chg 3Y Avg | 5.5% |
| Op Mgn LTM | 5.8% |
| Op Mgn 3Y Avg | 6.1% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 11.0% |
| CFO/Rev 3Y Avg | 10.6% |
| FCF/Rev LTM | 3.4% |
| FCF/Rev 3Y Avg | 3.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.8 |
| P/S | 0.6 |
| P/Op Inc | 6.4 |
| P/EBIT | 10.9 |
| P/E | -7.2 |
| P/CFO | 4.3 |
| Total Yield | -5.0% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 1.8% |
| D/E | 2.5 |
| Net D/E | 2.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 4.7% |
| 3M Rtn | -0.8% |
| 6M Rtn | 0.3% |
| 12M Rtn | -1.0% |
| 3Y Rtn | -34.1% |
| 1M Excs Rtn | -5.7% |
| 3M Excs Rtn | -5.0% |
| 6M Excs Rtn | -5.9% |
| 12M Excs Rtn | -28.6% |
| 3Y Excs Rtn | -113.3% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Gaming | 111 | 142 | 111 | 81 | |
| Leisure | 102 | 96 | 96 | 69 | |
| Virtual Sports | 45 | 56 | 54 | 36 | |
| Interactive | 39 | 28 | 21 | 23 | |
| Corporate Functions | 0 | 0 | 0 | ||
| Total | 297 | 323 | 282 | 209 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Virtual Sports | 30 | 44 | 41 | 23 | |
| Gaming | 24 | 23 | 22 | 2 | |
| Interactive | 20 | 11 | 9 | 9 | |
| Leisure | 10 | 7 | 10 | -1 | |
| Corporate Functions | -53 | -46 | -36 | -33 | |
| Total | 31 | 39 | 46 | -1 |
Price Behavior
| Market Price | $7.23 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 05/09/2011 | |
| Distance from 52W High | -26.4% | |
| 50 Days | 200 Days | |
| DMA Price | $7.22 | $8.38 |
| DMA Trend | down | down |
| Distance from DMA | 0.2% | -13.7% |
| 3M | 1YR | |
| Volatility | 51.9% | 44.7% |
| Downside Capture | 1.99 | 1.16 |
| Upside Capture | 180.38 | 150.28 |
| Correlation (SPY) | 54.1% | 49.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.17 | 1.99 | 1.86 | 1.92 | 1.77 | 1.64 |
| Up Beta | 1.70 | 1.58 | 1.54 | 1.65 | 1.58 | 1.40 |
| Down Beta | -1.53 | -1.07 | 0.30 | 1.28 | 1.88 | 1.72 |
| Up Capture | 113% | 231% | 199% | 250% | 181% | 334% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 9 | 19 | 28 | 62 | 125 | 372 |
| Down Capture | 1047% | 322% | 252% | 194% | 164% | 112% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 13 | 24 | 36 | 62 | 121 | 362 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with INSE | |
|---|---|---|---|---|
| INSE | -0.9% | 44.7% | 0.11 | - |
| Sector ETF (XLY) | 21.3% | 18.8% | 0.90 | 46.8% |
| Equity (SPY) | 30.6% | 12.5% | 1.88 | 49.6% |
| Gold (GLD) | 39.5% | 27.2% | 1.20 | -1.3% |
| Commodities (DBC) | 51.5% | 17.9% | 2.20 | -17.8% |
| Real Estate (VNQ) | 13.1% | 13.5% | 0.67 | 35.2% |
| Bitcoin (BTCUSD) | -17.1% | 42.2% | -0.33 | 23.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with INSE | |
|---|---|---|---|---|
| INSE | -2.6% | 50.6% | 0.13 | - |
| Sector ETF (XLY) | 6.7% | 23.8% | 0.24 | 43.8% |
| Equity (SPY) | 12.8% | 17.1% | 0.59 | 45.8% |
| Gold (GLD) | 20.5% | 17.9% | 0.94 | 6.3% |
| Commodities (DBC) | 14.3% | 19.1% | 0.61 | 12.9% |
| Real Estate (VNQ) | 3.5% | 18.8% | 0.09 | 36.8% |
| Bitcoin (BTCUSD) | 7.7% | 56.2% | 0.35 | 18.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with INSE | |
|---|---|---|---|---|
| INSE | -1.0% | 63.6% | 0.25 | - |
| Sector ETF (XLY) | 12.7% | 22.0% | 0.53 | 32.2% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 33.6% |
| Gold (GLD) | 13.6% | 15.9% | 0.71 | 2.1% |
| Commodities (DBC) | 9.7% | 17.7% | 0.46 | 11.4% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 30.6% |
| Bitcoin (BTCUSD) | 67.7% | 66.9% | 1.07 | 8.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/10/2026 | -5.3% | -18.1% | -15.2% |
| 11/5/2025 | 12.8% | 11.9% | 15.7% |
| 8/6/2025 | -6.1% | -1.8% | 5.2% |
| 3/17/2025 | -6.0% | -0.2% | -19.6% |
| 11/8/2024 | 1.1% | -3.4% | -11.3% |
| 8/8/2024 | 7.8% | 3.3% | 7.0% |
| 5/10/2024 | -7.8% | -6.9% | 0.5% |
| 2/27/2024 | -9.1% | -14.3% | -7.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 9 | 9 |
| # Negative | 8 | 9 | 9 |
| Median Positive | 10.1% | 11.9% | 7.0% |
| Median Negative | -6.1% | -6.6% | -15.2% |
| Max Positive | 24.3% | 49.4% | 32.0% |
| Max Negative | -9.1% | -18.1% | -24.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 03/10/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/26/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 04/15/2024 | 10-K |
| 09/30/2023 | 02/27/2024 | 10-Q |
| 06/30/2023 | 08/11/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/16/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 3/10/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Adjusted EBITDA | 0.2 | Higher New | |||||
| 2026 Adjusted EBITDA | 112.00 Mil | 115.00 Mil | 118.00 Mil | 4.5% | Raised | Guidance: 110.00 Mil for 2025 | |
| 2026 Capital Expenditures | 30.00 Mil | 32.50 Mil | 35.00 Mil | 0 | Affirmed | Guidance: 32.50 Mil for 2026 | |
Prior: Q3 2025 Earnings Reported 11/5/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Adjusted EBITDA | 110.00 Mil | ||||||
| 2026 Capital Expenditures | 30.00 Mil | 32.50 Mil | 35.00 Mil | ||||
| 2025 Headcount | 975 | ||||||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Pierce, Brooks H | President and CEO | Direct | Buy | 3272026 | 6.76 | 5,000 | 33,800 | 388,071 | Form |
| 2 | Weil, A Lorne | Executive Chairman | Trusts | Buy | 3272026 | 6.80 | 20,000 | 136,000 | 4,234,843 | Form |
| 3 | Chambrello, Michael R | Direct | Buy | 3272026 | 6.92 | 10,000 | 69,241 | 447,073 | Form | |
| 4 | Pierce, Brooks H | President and CEO | Direct | Buy | 3272026 | 6.88 | 13,332 | 91,724 | 360,560 | Form |
| 5 | Weil, A Lorne | Executive Chairman | Trusts | Buy | 3272026 | 6.85 | 21,659 | 148,364 | 4,128,981 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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