INSE
Inspired Entertainment, Inc.

Inspired Entertainment, Inc.INSE

Consumer Cyclical · Gambling
3.70USD
+5.71%
Nov 09, 2026
INSE overview ready
B2B Supplier of Interactive Casino Content and Virtual Sports to Licensed Operators
Inspired is a B2B supplier of proprietary interactive casino content, virtual-sports products, remote-gaming technology and land-based gaming terminals/services to regulated betting, lottery and gaming operators.
Theme not measured
Gaming Equipment has no leadership state this session.
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of base repair.
The tactical setup reads base repair, but the weekly structure is broken.
Fair valuation
The price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Regulatory changes impacting gambling markets.
Market Nov 6Filing Sep 30Price action Nov 8Research Aug 21

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction1.4BusinessPerformance5.0BusinessQuality5.6Valuation3.5ThemeMomentum—Mixed — Revenue fell 29% year over year in the latest quarter. Reported earnings improved faster than operating income, so most of the improvement did not come from operations. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Gaming Equipment — Gaming Equipment has no priced members this session — no leadership state
Its economic family, Consumer & Internet, reads Improving (+6.0pp vs SPY) — the family’s reading, not this theme’s.
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of base repair.
The tactical setup reads base repair, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$97.6M
Avg Volume (60D)
451.8K
60 sessions
Revenue Growth YoY
+2.4%
FY2025 vs FY2024
Gross Margin
+79.3%
Operating Margin
+15.9%
Trailing twelve months
Free Cash Flow Yield
+30.3%
Distance from 200DMA
-43.7%
P/E
N/M
EV / EBITDA
4.0x
EV / Sales
1.5x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Mixed

Revenue fell 29% year over year in the latest quarter. Reported earnings improved faster than operating income, so most of the improvement did not come from operations.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthDeclining
-29%
$61.4M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. -7.0%
  2. -5.3%
  3. -24%
  4. -29%
Earnings growthGrowing
$0.00
Diluted EPS $0.00 vs -$0.07 a year earlier · GAAP
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Operating marginExpanding
16.8%
+5.5 pp YoY
Earnings improved more than operations did

Business Quality

5.6 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

All three valuation perspectives agree this company is cheap. The published stance is held at fair because net debt above 60% of market capitalisation — refinancing risk may explain the price.
Inspired Entertainment, Inc. has a Fair valuation stance because the price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.

Company Research

Thesis
Inspired is a B2B supplier of proprietary interactive casino content, virtual-sports products, remote-gaming technology and land-based gaming terminals/services to regulated betting, lottery and gaming operators.
Opportunity
Moderate opportunity
Licensed operators and lotteries increasingly use third-party digital casino content, remote-gaming platforms, virtual-sports products and omnichannel integrations to enter newly regulated jurisdictions, broaden game libraries and improve player engagement without building all technology internally.
Key risk
Regulatory changes impacting gambling markets.

Economic classification

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Business & Markets

Consumer Cyclical · Gambling
What they do

Inspired Entertainment, Inc. develops and supplies gaming content, platforms, and hardware to regulated lottery, betting, and gaming operators across multiple countries, operating through digital and land-based channels.

How it earns

The company generates revenue primarily through transactional sales of gaming terminals, software licenses, and platform services to licensed operators.

Products & services
Gaming terminals and software
Proprietary interactive casino content
Virtual sports products
Remote-gaming platforms
Customers & end markets
Licensed betting offices and casinos
Regulated lottery operators
Gaming halls and adult gaming centers
Market position

Niche B2B supplier specializing in proprietary interactive and virtual gaming content with a significant retail presence.

Demand drivers
Medium cyclicality

Demand is influenced by consumer discretionary spending and regulatory changes in gambling markets.