LIGHT & WONDER, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $3.31B | $3.19B | $2.90B | $2.51B | $2.15B | $1.70B | $2.39B |
| Cost of Revenue | — | $885.0M | $931.0M | $872.0M | $738.0M | — | — | $1.28B |
| Gross Profit | — | $2.43B | $2.26B | $2.03B | $1.77B | — | — | $1.10B |
| Gross Margin | — | 73.3% | 70.8% | 70.0% | 70.6% | — | — | 46.2% |
| Operating Expenses | ||||||||
| Research & Development | — | $252.0M | $262.0M | $228.0M | $218.0M | $190.0M | $148.0M | $166.0M |
| SG&A Expense | — | $869.0M | $872.0M | $808.0M | $717.0M | $679.0M | $627.0M | $619.0M |
| Operating Income | — | $683.0M | $668.0M | $518.0M | $273.0M | $110.0M | $-245.0M | $290.0M |
| Operating Margin | — | 20.6% | 21.0% | 17.8% | 10.9% | 5.1% | -14.4% | 12.1% |
| Interest Expense | — | $314.0M | $293.0M | $309.0M | $327.0M | $478.0M | $503.0M | $589.0M |
| Pretax Income | — | $365.0M | $421.0M | $205.0M | $-163.0M | $-294.0M | $-804.0M | $-377.0M |
| Income Tax Expense | — | $89.0M | $85.0M | $25.0M | $13.0M | $-318.0M | $-3.0M | $-47.0M |
| Net Income | — | $276.0M | $336.0M | $163.0M | $3.68B | $371.0M | $-569.0M | $-130.0M |
| Net Margin | — | 8.3% | 10.5% | 5.6% | 146.3% | 17.2% | -33.5% | -5.4% |
| EPS (Basic) | — | $3.32 | $3.77 | $1.79 | $38.78 | $3.86 | $-6.02 | $-1.40 |
| EPS (Diluted) | — | $3.26 | $3.68 | $1.75 | $38.78 | $3.77 | $-6.02 | $-1.40 |
| Shares Outstanding (Basic) | 77.1M | 83.0M | 89.0M | 91.0M | 95.0M | 96.0M | 95.0M | 93.0M |
| Shares Outstanding (Diluted) | 77.1M | 85.0M | 91.0M | 93.0M | 95.0M | 98.0M | 95.0M | 93.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |