Galaxy Gaming Reports Third Quarter 2026 Results
Key Highlights
- ➤Total revenue $8.0 million, up 9% year over year
- ➤Recurring revenue $8.0 million, up 10%, exceeded 99% of total revenue
- ➤Net income $5.1 million, including a $5.2 million Evolution termination fee
- ➤Free cash flow $1.4 million, up 9% year over year
- ➤Galaxy returned $1.7 million through share repurchases and warrant cancellation
Expert Statements
Matthew Reback, Chief Executive Officer of Galaxy Gaming
“The third quarter was a milestone quarter for Galaxy, both in our results and on the show floor”
Matthew Reback, Chief Executive Officer of Galaxy Gaming
“Recurring revenue reached another record and now makes up essentially all of our revenue, which reflects the deliberate shift we’ve made away from one-time sales toward placements that earn over their full life.”
Matthew Reback, Chief Executive Officer of Galaxy Gaming
“In our Core business, the Galaxy Operating System® and our MONOPOLY®-branded progressive systems are driving new placements in the U.S. and internationally, as well as higher participation revenue in international markets, and in Digital, our content continues to reach more players through new and existing operators.”
Matthew Reback, Chief Executive Officer of Galaxy Gaming
“With the merger process completely behind us, our team is fully focused on building on that momentum.”
Matthew Reback, Chief Executive Officer of Galaxy Gaming
“At G2E, we were honored that our MONOPOLY® table games progressive was named Product Innovation of the Year at the Global Gaming Awards Americas 2026.”
Matthew Reback, Chief Executive Officer of Galaxy Gaming
“It is a fitting recognition for a product that has been adopted faster than any other in our portfolio.”
Matthew Reback, Chief Executive Officer of Galaxy Gaming
“We built on that momentum by unveiling Galaxy Link, our all-table linked progressive launching with initial themes of MONOPOLY® Building Riches and Spotlight Spin in Art Deco.”
Matthew Reback, Chief Executive Officer of Galaxy Gaming
“Galaxy Link connects tables across the entire casino floor to a shared jackpot, creating new billable units on tables we already serve.”
Matthew Reback, Chief Executive Officer of Galaxy Gaming
“The response from operators at the show was exceptional, and we look forward to converting that interest into placements in the coming quarters.”
Steve Kopjo, Chief Financial Officer of Galaxy Gaming
“With a stronger balance sheet, we are returning capital directly to shareholders.”
Steve Kopjo, Chief Financial Officer of Galaxy Gaming
“Our operations generated enough cash to fully fund our investment in product development and continued debt reduction.”
Steve Kopjo, Chief Financial Officer of Galaxy Gaming
“That allowed us to put a portion of the Evolution termination fee to work for shareholders, repurchasing shares and retiring all outstanding Fortress warrants at a discount to market valuation to return $1.7 million of capital and reduce our diluted share count by 4.2%.”
Steve Kopjo, Chief Financial Officer of Galaxy Gaming
“We grew Free Cash Flow 9% to $1.4 million, and with the expectation of growing Free Cash Flow to reinvest in the business and the remaining termination fee proceeds available for further share repurchases under our authorization, we are well positioned to keep investing in growth while returning value to shareholders.”
MONOPOLY(®) Table Games Progressive Named Product Innovation of the Year at Global Gaming Awards Americas 2026
LAS VEGAS, Nov. 09, 2026 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc.( ®) (OTCQB: GLXZ) ("Galaxy" or the "Company"), today announced results for the third quarter ended September 30, 2026. * Total Revenue of $8.0 million increased 9% from $7.3 million a year ago * Record recurring revenues, net of royalties, increased 10% to $8.0 million and represented more than 99% of total revenues; non-recurring revenues decreased due to the timing of perpetual license sales of progressive gaming systems * Record core recurring revenue, net of royalties, increased 11% to $5.0 million * Digital revenue, net of royalties, increased 7% to $3.0 million
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