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MARKETS / BALCAO / GLXZ
BALCAO · SERVICES-AMUSEMENT & RECREATION SERVICES · SMALL CAP

Galaxy Gaming, Inc. GLXZ

16 fiscal years on record · USD · FY2025 reported · SEC filings only
$30.9M
▼ 2.7% YoY
$1.5M
$7.6M
▲ 87.4% YoY
In brief

What this company does

We are an established global gaming company specializing in the design, development, acquisition, assembly, marketing and licensing of proprietary casino table games, side bets, and associated technology, platforms and systems for the casino and iGaming industries. We market our products and services to online and land-based casinos worldwide with products currently present in North America, the Caribbean, Central America, the United Kingdom, Europe, Africa, and to cruise ships exploring the world's oceans. On July 18, 2024, we entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Evolution Malta Holding Limited, a company registered in Malta (“Parent” or "Evolution"), and Galaga Merger Sub, Inc., a Nevada corporation and direct wholly owned subsidiary of Parent (“Merger Sub”), pursuant to which, and subject to the terms and conditions thereof, Merger Sub would merge with and into the Company (the “Merger”), with the Company surviving the Merger as a wholly owned subsidiary of Parent. We also license our content and distribute content from other companies to licensed iGaming operators in gaming markets throughout the world where iGaming is not illegal.

Written from the business description in Galaxy Gaming, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 30 March 2026. Every sentence was checked against that document before publication.

Growth
USD 30.9M
Revenue, FY2025 · full 16-year series below
Revenue $M Net income $M
FY2025 · Revenue 30.9 · Net income 1.5
20M201020122014201620182020202220242025
Compound annual growth
+9.6%
+24.7%
+10.9%
+16.7%
+12.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +24.7% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
5 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 26.5% · Net 4.8%
10%20%-10%-20%-30%201020122014201620182020202220242025
ROE
FY2018 · ROE 18.9%
50%100%-200%-400%201020122014201620182020202220242025

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 7.6
4.0M-0.8M-1.6M201020122014201620182020202220242025

Total assetsUSD 27.5M
EquityUSD -17.5M
CashUSD 4.3M
Gross debtUSD 39.3M
Net debtUSD 35.0M
Current ratio1.44×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 16-year record
16 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010
Revenue $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Operating income $B0.00.00.00.00.0−0.00.00.00.00.00.00.00.00.0−0.0−0.0
EBITDA $B0.00.00.00.00.0−0.00.00.00.00.00.00.00.00.0−0.0−0.0
Income tax $B0.00.00.00.00.0−0.00.00.00.00.00.00.00.00.00.00.0
Net income $B0.0−0.0−0.0−0.00.0−0.00.00.0−0.00.00.00.00.00.0−0.0−0.0
Free cash flow $B0.00.00.00.00.0−0.00.00.0···0.00.00.0−0.0−0.0
EPS, diluted $0.06−0.10−0.07−0.070.10−0.120.110.030.000.040.01·0.010.02−0.010.00
Dividend / sh $················
Payout %················
ROE %·······18.9−0.248.119.61.360.2133.4−253.5−404.5
Shares out B0.030.030.020.020.020.020.020.040.040.040.040.040.04·0.040.03

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 61 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 21 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Amusement & Recreation Services
Listed onOTC market
Incorporated innot stated in the filings
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2010

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