---
schema_version: "secwatch.filing_event.v1"
accession: "0001698991-23-000048"
form_type: "8-K"
ticker: "ACEL"
cik: "0001698991"
company_name: "Accel Entertainment, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T16:13:06.011949+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Accel Entertainment Q3 revenue up 8% to $287.5M; net income falls 53% to $10.5M

## Summary
- Revenue $287.5M (+8% YoY); net income $10.5M (-53%) due to $1.6M loss on contingent earnout shares vs $10.4M gain in prior year.
- Adjusted EBITDA $44.1M (+7% YoY); locations up 5% to 3,687; terminals up 7% to 24,016.
- Illinois same-store sales grew 1%; net debt reduced 9% to $282M.
- Repurchased ~$3M of Class A-1 common stock in Q3 2023.
- CEO cites strong balance sheet and expansion opportunities outside Illinois.

## SEC filing metadata
- accession: 0001698991-23-000048
- form_type: 8-K
- ticker: ACEL
- cik: 0001698991
- company_name: Accel Entertainment, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1698991/000169899123000048/0001698991-23-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698991/000169899123000048/acel-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001698991-23-000048
- JSON: https://secwatch.observer/filing/0001698991-23-000048.json
- Plain text: https://secwatch.observer/filing/0001698991-23-000048.txt

## Key facts
- Earnings Releases
  Accel Entertainment, Inc. reported third quarter ended September 30, 2023 results: revenue $287.5 million, net income $10.5 million.
  - Period: third quarter ended September 30, 2023
  - Revenue: $287.5 million
  - Net income: $10.5 million
  - Result: reported results
  source text: • Ended Q3 2023 with 3,687 locations; an increase of 5% compared to Q3 2022 • Ended Q3 2023 with 24,016 gaming terminals; an increase of 7% compared to Q3 2022 • Revenue of $287.5 million for Q3 2023, an increase of 8% compared to Q3 2022 • Net income of $10.5 million for Q3 2023; a decrease of 53% compared to Q3 2022 primarily attributable to the $1.6 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698991/000169899123000048/0001698991-23-000048-index.htm

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