<span item_type="fundamental" item_id="795b3da6a224cdfcf24984d2c28a1c28" counter_id="ST/US/ACEL" env="prod"></span><span item_type="announcement" item_id="645115519666425217" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 351.56 M, beating the estimate of USD 342.49 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD 0.17, missing the estimate of USD 0.182.</p><p>EBIT: As of FY2026 Q1, the actual value is USD 35.58 M.</p><p></p><h4>Total Net Revenues</h4><p>Accel Entertainment, Inc. reported total net revenues of $351,558 thousand for Q1 2026, an increase of 8.5% compared to $323,912 thousand in Q1 2025, marking an all-time quarterly record <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</p><h4>Net Revenues by State</h4><ul><li>Illinois: $252,798 thousand in Q1 2026, an 8.3% increase from $233,479 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li><li>Montana: $40,636 thousand in Q1 2026, a -1.2% decrease from $41,136 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>. Montana’s Q1 2026 revenue included $39.4 million in net gaming revenues and $1.2 million in manufacturing revenues <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li><li>Nevada: $29,301 thousand in Q1 2026, a 6.1% increase from $27,617 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li><li>Louisiana: $10,143 thousand in Q1 2026, a 12.4% increase from $9,025 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li><li>Nebraska: $11,381 thousand in Q1 2026, a 57.4% increase from $7,230 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li><li>Georgia: $6,184 thousand in Q1 2026, a 43.0% increase from $4,325 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li><li>Other: $1,115 thousand in Q1 2026, a 1.4% increase from $1,100 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li></ul><h4>Net Revenues by Type</h4><ul><li>Net gaming: $331,425 thousand in Q1 2026, up from $301,951 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li><li>Amusement: $5,825 thousand in Q1 2026, down from $5,908 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li><li>Manufacturing: $1,240 thousand in Q1 2026, down from $3,858 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li><li>ATM fees and other: $13,068 thousand in Q1 2026, up from $12,195 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li></ul><h4>Net Income</h4><p>Net Income was $14,663 thousand for Q1 2026, slightly up from $14,613 thousand in Q1 2025, representing a 0.3% increase <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>. Excluding the impact of the shift in timing of Fairmount Park purse expense, net income would have been $1.5 million higher <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</p><h4>Adjusted EBITDA</h4><p>Adjusted EBITDA increased by 8.6% to $53,757 thousand for Q1 2026, compared to $49,514 thousand in Q1 2025, which was the highest ever Q1 adjusted EBITDA <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>. Excluding the impact of the shift in timing of Fairmount Park purse expense, Adjusted EBITDA would have been $2.0 million higher <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>. The trailing twelve-month Adjusted EBITDA was $214.4 million for the twelve months ended March 31, 2026 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</p><h4>Operating Income</h4><p>Operating Income was $27,080 thousand in Q1 2026, compared to $25,952 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</p><h4>Income Before Income Tax Expense</h4><p>Income before income tax expense was $20,039 thousand in Q1 2026, compared to $19,606 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</p><h4>Income Tax Expense</h4><p>Income Tax Expense was $5,376 thousand in Q1 2026, compared to $4,993 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</p><h4>Gross Margin Percentage</h4><ul><li>Illinois: 32.50% in both Q1 2026 and Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li><li>Georgia: 43.50% in both Q1 2026 and Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li><li>All other state splits, revenues and fees: 27.05% in Q1 2026, up from 26.65% in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li><li>Total gross margin percentage: 31.09% in Q1 2026, up from 30.98% in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li></ul><h4>Operating Expenses</h4><ul><li>Cost of revenue: $241,616 thousand in Q1 2026, compared to $221,472 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li><li>Cost of manufacturing goods sold: $636 thousand in Q1 2026, compared to $2,076 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li><li>General and administrative: $58,048 thousand in Q1 2026, compared to $53,004 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li><li>Depreciation and amortization of property and equipment: $13,862 thousand in Q1 2026, compared to $12,301 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li><li>Amortization of intangible assets and route and customer acquisition costs: $6,790 thousand in Q1 2026, compared to $6,290 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li><li>Other expenses, net: $3,526 thousand in Q1 2026, compared to $2,817 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li></ul><h4>Net Cash Provided by Operating Activities</h4><p>Net cash provided by operating activities was $42,743 thousand in Q1 2026, a -4.5% decrease from $44,752 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</p><h4>Net Cash Used in Investing Activities</h4><p>Net cash used in investing activities was -$23,069 thousand in Q1 2026, an 11.9% change from -$26,186 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</p><h4>Net Cash Used in Financing Activities</h4><p>Net cash used in financing activities was -$42,145 thousand in Q1 2026, a -50.9% change from -$27,932 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</p><h4>Free Cash Flow</h4><p>Free Cash Flow was $20,231 thousand for Q1 2026, an 8.2% increase from $18,691 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</p><h4>Free Cash Flow Conversion Rate</h4><p>Free Cash Flow Conversion Rate was 37.6% for Q1 2026, compared to 37.7% for Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</p><h4>Cash and Cash Equivalents</h4><p>Cash and Cash Equivalents were $274,095 thousand at March 31, 2026, compared to $296,566 thousand at December 31, 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</p><h4>Net Debt</h4><p>Net Debt was $306,466 thousand at March 31, 2026, compared to $308,766 thousand at March 31, 2025, with net leverage approximately 1.4 times <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</p><h4>Share Repurchases</h4><p>Accel Entertainment, Inc. repurchased 1.1 million shares of Class A-1 common stock for $12 million in Q1 2026 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</p><h4>Total Locations</h4><p>Total Locations were 4,540 at the end of Q1 2026, a 3.4% increase from 4,391 at Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>. Illinois: 2,678 locations, a -2.4% decrease <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>. Montana: 627 locations, a 1.5% increase <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>. Nevada: 450 locations, a 26.8% increase <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>. Louisiana: 99 locations, a 3.1% increase <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>. Nebraska: 290 locations, an 8.6% increase <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>. Georgia: 396 locations, a 27.7% increase <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</p><h4>Total Gaming Terminals</h4><p>Total Gaming Terminals were 28,353 at the end of Q1 2026, a 4.3% increase from 27,180 at Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>. Illinois: 15,413 terminals, a -1.4% decrease <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>. Montana: 6,675 terminals, a 2.3% increase <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>. Nevada: 3,348 terminals, a 27.6% increase <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>. Louisiana: 728 terminals, an 18.6% increase <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>. Nebraska: 1,053 terminals, an 11.0% increase <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>. Georgia: 1,136 terminals, a 34.6% increase <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</p><h4>Location Hold-Per-Day</h4><ul><li>Illinois: $962 in Q1 2026, an 8.7% increase from $885 in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li><li>Montana: $639 in Q1 2026, a 4.8% increase from $610 in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li><li>Nevada: $713 in Q1 2026, a -11.1% decrease from $802 in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li><li>Louisiana: $1,101 in Q1 2026, a 13.3% increase from $972 in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li><li>Nebraska: $412 in Q1 2026, a 56.7% increase from $263 in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li><li>Georgia: $165 in Q1 2026, a 13.8% increase from $145 in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</li></ul><h4>Outlook / Guidance</h4><p>Accel Entertainment, Inc.’s priorities include driving steady organic growth in core markets, scaling profitability in developing markets, executing disciplined tuck-in acquisitions, and consistently converting earnings into free cash flow <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>. The company anticipates continued benefit from TITO technology in Illinois throughout the remainder of 2026 and views the placement of gaming terminals in Chicago as a significant near-term opportunity <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1698991/000169899126000036/q12026earningspressrelease.htm"></span>.</p>

Accel ENT | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 351.56 M