---
schema_version: "secwatch.filing_event.v1"
accession: "0001698991-25-000033"
form_type: "8-K"
ticker: "ACEL"
cik: "0001698991"
company_name: "Accel Entertainment, Inc."
filed_at: "2025-08-05T23:59:59+00:00"
generated_at: "2026-05-17T20:48:17.621363+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001698991-25-000033
- form_type: 8-K
- ticker: ACEL
- cik: 0001698991
- company_name: Accel Entertainment, Inc.
- filed_at: 2025-08-05T23:59:59+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/1698991/000169899125000033/0001698991-25-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698991/000169899125000033/acel-20250805.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001698991-25-000033
- JSON: https://secwatch.observer/filing/0001698991-25-000033.json
- Plain text: https://secwatch.observer/filing/0001698991-25-000033.txt

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