gross profit bridgeinconsistent2019-12-31
Withheld: gross profit could not be reconciled with the rest of this filer’s statement.
Revenue
$3.31B
Fiscal year ended 2025-12-31Operating income
$683.00M
Fiscal year ended 2025-12-31Free cash flow
Unavailable
Fiscal year ended 2025-12-31Light & Wonder, Inc. (LNWO) reported revenue of $3.31B and net income of $276.00M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Light & Wonder, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Computer Integrated Systems Design.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.31B | $3.19B | $2.90B | $2.51B | $2.15B | $1.70B | $2.39B | $3.36B | $3.08B | $2.88B |
| Cost of revenue | $885.00M | $931.00M | $872.00M | $738.00M | Unavailable | Unavailable | $1.28B | $1.26B | $1.16B | $1.11B |
| Gross profit | $2.43B | $2.26B | $2.03B | $1.77B | Unavailable | Unavailable | Unavailable | Unavailable | $1.92B | $1.78B |
| Operating income | $683.00M | $668.00M | $518.00M | $273.00M | $110.00M | -$245.00M | $290.00M | $266.00M | $394.00M | $130.60M |
| Net income | $276.00M | $336.00M | $163.00M | $3.68B | $371.00M | -$569.00M | -$130.00M | -$352.00M | -$242.00M | -$353.70M |
| Research & development | $252.00M | $262.00M | $228.00M | $218.00M | $190.00M | $148.00M | $166.00M | $202.00M | $184.00M | $204.80M |
| Weighted-average diluted shares | shares 85.00M | shares 91.00M | shares 93.00M | shares 95.00M | shares 98.00M | shares 95.00M | shares 93.00M | shares 91.00M | shares 89.00M | shares 87.30M |
| Pretax income | $365.00M | $421.00M | $205.00M | -$163.00M | -$294.00M | -$804.00M | -$377.00M | -$339.00M | -$227.00M | -$478.70M |
| Income tax expense | $89.00M | $85.00M | $25.00M | $13.00M | -$318.00M | -$3.00M | -$47.00M | $13.00M | $15.00M | -$125.00M |
| Diluted EPS | $3.26 | $3.68 | $1.75 | $38.78 | $3.77 | $-6.02 | $-1.40 | $-3.87 | $-2.72 | $-4.05 |
| Selling, general & administrative | $869.00M | $872.00M | $808.00M | $717.00M | $679.00M | $627.00M | $619.00M | $697.00M | $613.00M | $577.00M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $167.00M | $196.00M | $425.00M | $914.00M | $585.00M | $928.00M | $313.00M | $168.00M | $788.80M | $115.10M |
| Total assets | $6.46B | $5.42B | $5.55B | $6.01B | $7.88B | $7.98B | $7.81B | $7.72B | $7.72B | $7.09B |
| Current assets | $1.28B | $1.18B | $1.31B | $1.69B | $1.73B | $2.18B | $1.62B | $1.37B | $1.88B | $1.12B |
| Total liabilities | $6.22B | $4.78B | $4.79B | $4.85B | $9.99B | $10.51B | $9.92B | $10.18B | $9.75B | $9.02B |
| Current liabilities | $803.00M | $735.00M | $696.00M | $622.00M | $974.00M | $832.00M | $766.00M | $747.00M | $739.80M | $692.40M |
| Total equity incl. NCI | $245.00M | $636.00M | $765.00M | $1.16B | -$2.11B | -$2.52B | -$2.11B | -$2.46B | -$2.03B | -$1.94B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $169.00M | $158.00M | $177.00M | $161.00M | $98.00M | $119.00M | $244.00M | $216.00M | $243.10M | $242.30M |
| Accounts receivable | $689.00M | $585.00M | $506.00M | $455.00M | $423.00M | $438.00M | $755.00M | $599.00M | $540.90M | $495.00M |
| Goodwill | $3.37B | $2.89B | $2.94B | $2.92B | $2.89B | $2.73B | $2.73B | $3.28B | $2.96B | $2.89B |
| Long-term debt | $5.11B | $3.85B | $3.85B | $3.87B | $8.65B | $9.26B | $8.68B | $8.99B | $8.74B | $8.02B |
| Accounts payable | $189.00M | $216.00M | $241.00M | $154.00M | $204.00M | $150.00M | $226.00M | $225.00M | $190.40M | $188.90M |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $794.00M | $632.00M | $590.00M | -$381.00M | $685.00M | $471.00M | $546.00M | $346.00M | $507.00M | $419.00M |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | -$1.17B | -$258.00M | -$251.00M | $6.12B | -$442.00M | -$173.00M | -$263.00M | -$798.00M | -$415.00M | -$228.00M |
| Financing cash flow | $321.00M | -$577.00M | -$788.00M | -$5.46B | -$679.00M | $463.00M | -$129.00M | -$156.00M | $580.00M | -$196.00M |
| Net change in cash | -$46.00M | -$209.00M | -$446.00M | $266.00M | -$442.00M | $768.00M | $155.00M | -$614.00M | $677.00M | -$9.90M |
| Stock-based compensation | $121.00M | $110.00M | $118.00M | $69.00M | $113.00M | $56.00M | $32.00M | $44.00M | $27.00M | $35.30M |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | $880.00M | $462.00M | $170.00M | $405.00M | $0 | $0 | Unavailable | Unavailable | Unavailable | $0 |
| Depreciation & amortization | $406.00M | $361.00M | $384.00M | $420.00M | $398.00M | $449.00M | $542.00M | $690.00M | $683.00M | $738.70M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | 73.3% | 70.8% | 70.0% | 70.6% | Unavailable | Unavailable | Unavailable | Unavailable | 62.3% | 61.6% |
| Operating margin | 20.6% | 21.0% | 17.8% | 10.9% | 5.1% | -14.4% | 12.1% | 7.9% | 12.8% | 4.5% |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 3.7% | 3.5% | 4.1% | 2.7% | 5.2% | 3.3% | 1.3% | 1.3% | 0.9% | 1.2% |
| Current ratio | 1.60x | 1.61x | 1.88x | 2.72x | 1.78x | 2.62x | 2.11x | 1.83x | 2.54x | 1.61x |
| Revenue YoY growth | 4.0% | 9.9% | 15.5% | 16.7% | 26.7% | -28.9% | -29.0% | 9.0% | 7.0% | Unavailable |
| Net margin | 8.3% | 10.5% | 5.6% | 146.3% | 17.2% | -33.5% | -5.4% | -10.5% | -7.8% | -12.3% |
| R&D / revenue | 7.6% | 8.2% | 7.9% | 8.7% | 8.8% | 8.7% | 7.0% | 6.0% | 6.0% | 7.1% |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | 20.86x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 24.4% | 20.2% | 12.2% | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open LNWO in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-04View SEC filing
10-Q · Filed 2026-05-06View SEC filing
10-K · Filed 2026-02-24View SEC filing
10-Q · Filed 2025-11-05View SEC filing
10-Q · Filed 2025-08-06View SEC filing
10-Q · Filed 2025-05-07View SEC filing
Reconciliation checks needing review
2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
gross profit bridgeinconsistent2018-12-31
Withheld: gross profit could not be reconciled with the rest of this filer’s statement.