---
schema_version: "secwatch.filing_event.v1"
accession: "0001698991-23-000027"
form_type: "8-K"
ticker: "ACEL"
cik: "0001698991"
company_name: "Accel Entertainment, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:16:34.180366+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Accel Q1 revenue up 49% to $293.2M; net income down 42% on earnout adjustment

## Summary
- Revenue $293.2M (+49% YoY); net income $9.2M (-42% YoY) due to $4.6M loss on contingent earnout shares.
- Adjusted EBITDA $46.1M (+31% YoY); Illinois same-store sales grew 9%.
- Locations 3,628 (+41% YoY); gaming terminals 23,497 (+72% YoY), driven by Century Gaming acquisition.
- Net debt $309M, up 111% from Q1 2022 due to $160M borrowing for Century acquisition.
- Repurchased ~$4M of Class A-1 common stock during Q1 2023.

## SEC filing metadata
- accession: 0001698991-23-000027
- form_type: 8-K
- ticker: ACEL
- cik: 0001698991
- company_name: Accel Entertainment, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1698991/000169899123000027/0001698991-23-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698991/000169899123000027/acel-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001698991-23-000027
- JSON: https://secwatch.observer/filing/0001698991-23-000027.json
- Plain text: https://secwatch.observer/filing/0001698991-23-000027.txt

## Key facts
- Earnings Releases
  Accel Entertainment, Inc. reported first quarter ended March 31, 2023 results: revenue $293.2 million, net income $9.2 million.
  - Period: first quarter ended March 31, 2023
  - Revenue: $293.2 million
  - Net income: $9.2 million
  - Result: reported results
  source text: of Century Gaming, Inc. ("Century") • Ended Q1 2023 with 23,497 gaming terminals; an increase of 72% compared to Q1 2022 primarily due to the acquisition of Century • Revenue of $293.2 million for Q1 2023, an increase of 49% compared to Q1 2022 • Net income of $9.2 million for Q1 2023; a decrease of 42% compared to Q1 2022 primarily attributable to the $4.6 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698991/000169899123000027/0001698991-23-000027-index.htm

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