Accel Entertainment Q2 2025 record revenue $335.9M; net income falls 50% on fair value loss

Accel Entertainment, Inc.

2025-Q2 EPS reported $0.25 revenue$659,821,000

Record quarterly revenues of $335.9M, up 8.6% YoY; 4,427 locations (+3.1%); 27,388 terminals (+3.4%).
Net income of $7.3M, down 50.2% YoY, driven by loss on change in fair value of contingent earnout shares.
Adjusted EBITDA of $53.2M, up 7.1% YoY, also a record; net debt $331M at quarter-end.
Repurchased 0.6M shares of Class A-1 common stock for ~$6.7M in Q2 2025.
Commenced operations at Fairmount Park Casino & Racing in April 2025.

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