v3.25.2

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
Assets
Cash	$ 46.3	$ 29.3
Accounts receivable, net	49.0	65.4
Inventory	24.9	28.0
Prepaid expenses and other current assets	42.6	36.0
Corporate tax and other current taxes receivable	2.9	1.2
Total current assets	165.7	159.9
Property and equipment, net	73.2	56.4
Software development costs, net	22.5	22.4
Other acquired intangible assets subject to amortization, net	15.8	16.1
Goodwill	63.2	57.8
Finance lease right of use asset	25.1	18.7
Operating lease right of use asset	17.0	16.2
Costs of obtaining and fulfilling customer contracts, net	15.4	11.0
Deferred tax	74.0	67.4
Other assets	14.9	12.5
Total assets	486.8	438.4
Current liabilities
Accounts payable and accrued expenses	70.2	53.7
Corporate tax and other current taxes payable	7.7	12.3
Deferred revenue, current	6.1	5.8
Operating lease liabilities	5.6	5.1
Current portion of long-term debt		18.8
Current portion of finance lease liabilities	4.7	4.4
Other current liabilities	4.0	3.9
Total current liabilities	98.3	104.0
Long-term debt	349.6	292.2
Finance lease liabilities, net of current portion	17.5	18.6
Deferred revenue, net of current portion	17.0	12.8
Operating lease liabilities	11.8	11.7
Other long-term liabilities	2.1	2.4
Total liabilities	496.3	441.7
Commitments and contingencies
Stockholders’ deficit
Preferred stock; $0.0001 par value; 1,000,000 shares authorized, no shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively.
Common stock; $0.0001 par value; 49,000,000 shares authorized; 26,914,149 shares and 26,581,972 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively
Additional paid in capital	393.0	389.9
Accumulated other comprehensive income	46.9	48.3
Accumulated deficit	(449.4)	(441.5)
Total stockholders’ deficit	(9.5)	(3.3)
Total liabilities and stockholders’ deficit	$ 486.8	$ 438.4

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

Inspired Entertainment, Inc. 10-Q