Inspired Entertainment Inc 2025年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedSeptember 30,2025 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period _______________ Commission File Number:001-36689 INSPIRED ENTERTAINMENT, INC.(Exact name of registrant as specified in its charter) Delaware47-1025534(State or other jurisdiction of(I.R.S. Employer Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Date File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See definitions of “large accelerated filer”, “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☒Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Securities registered pursuant to Section 12(b) of the Act: TABLE OF CONTENTS PART I.FINANCIAL INFORMATION1ITEM 1.FINANCIAL STATEMENTS (Unaudited)1Condensed Consolidated Balance Sheets1Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income2Condensed Consolidated Statement of Stockholders’ Deficit3Condensed Consolidated Statements of Cash Flows5Notes to Condensed Consolidated Financial Statements6ITEM 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONS23ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK47ITEM 4.CONTROLS AND PROCEDURES47PART II.OTHER INFORMATION49ITEM 1.LEGAL PROCEEDINGS49ITEM 1A.RISK FACTORS49ITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS49ITEM 3.DEFAULTS UPON SENIOR SECURITIES49ITEM 4.MINE SAFETY DISCLOSURES49ITEM 5.OTHER INFORMATION49ITEM 6.EXHIBITS49SIGNATURES50i CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS References in this report to “we,” “us,” “our,” the “Company” and “Inspired” refer to Inspired Entertainment, Inc. and itssubsidiaries unless the context suggests otherwise. Certain statements and other information set forth in this report, including in Item 2, “Management’s Discussion and Analysis ofFinancial Condition and Results of Operations” and elsewhere herein, may relate to future events and expectations, and as suchconstitute “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the“Exchange Act”), and Section 27A of the Securities Act of 1933, as amended (the “Securities Act”). Our forward-looking statementsinclude, but are not limited to, statements regarding our business strategy, plans and objectives and our expected or contemplatedfuture operations, results, financial condition, beliefs and intentions. In addition, any statements that refer to projections, forecasts orother characterizations or predictions of future events or circumstances, including any underlying assumptions on which suchstatements are expressly or implicitly based, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “can,”“could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “scheduled,” “seek,”“should,” “would” and similar expressions, among others, and negatives expressions including such words, may identify forward-looking statements. Our forward-looking statements reflect our current expectations about our future results, performance, liquidity, financialcondition, prospects and opportunities, and are based upon information currently available to us, our interpretation of what we believeto be significant factors affecting our business and many assumptions regarding future events. Actual results, performance, liquidity,financial condition, prospects and opportunities could differ materially from those expressed in, or implied by, our forward-lookingstatements. This could occur as a result of various risks and uncertainties, including the following: ●government r