---
schema_version: "secwatch.filing_event.v1"
accession: "0001698991-23-000005"
form_type: "8-K"
ticker: "ACEL"
cik: "0001698991"
company_name: "Accel Entertainment, Inc."
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:23:24.590570+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Accel Entertainment reports record 2022 revenue of $970M, net income $74M, adjusted EBITDA $162M

## Summary
- Q4 revenue $278M, net income $13M, adjusted EBITDA $43M; full year revenue $970M (+32% YoY), net income $74M (+135% YoY).
- Ended 2022 with 3,598 locations (+39%) and 23,150 gaming terminals (+70%) driven by Century acquisition.
- Net debt $318M (+123% YoY) due to $160M borrowing for Century; repurchased $79M of stock in 2022.
- Century acquired Progressive (Montana) in Dec 2022, adding 26 locations and ~300 terminals.
- CEO cites strong quarter and integration progress; asset-light model remains competitive.

## SEC filing metadata
- accession: 0001698991-23-000005
- form_type: 8-K
- ticker: ACEL
- cik: 0001698991
- company_name: Accel Entertainment, Inc.
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1698991/000169899123000005/0001698991-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698991/000169899123000005/acel-20230228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001698991-23-000005
- JSON: https://secwatch.observer/filing/0001698991-23-000005.json
- Plain text: https://secwatch.observer/filing/0001698991-23-000005.txt

## Key facts
- Earnings Releases
  Accel Entertainment, Inc. reported the three months ended December 31, 2022 results: revenue $278 million, net income $13 million.
  - Period: the three months ended December 31, 2022
  - Revenue: $278 million
  - Net income: $13 million
  - Result: reported results
  source text: • Revenue of $278 million for Q4 2022 and $970 million for YE 2022 • Net income of $13 million for Q4 2022 and $74 million for YE 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698991/000169899123000005/0001698991-23-000005-index.htm
- Earnings Releases
  Accel Entertainment, Inc. reported the year ended December 31, 2022 results: revenue $970 million, net income $74 million.
  - Period: the year ended December 31, 2022
  - Revenue: $970 million
  - Net income: $74 million
  - Result: reported results
  source text: • Revenue of $278 million for Q4 2022 and $970 million for YE 2022 • Net income of $13 million for Q4 2022 and $74 million for YE 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698991/000169899123000005/0001698991-23-000005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.