Brightstar Lottery (BRSL) Operating Expenses (2014 - 2026)

Brightstar Lottery (BRSL) reported Operating Expenses of $60.0 million for Q1 2026, down 86.52% year-over-year from $445.0 million in Q1 2025, and down 15.49% quarter-over-quarter from $71.0 million in Q4 2025.

Brightstar Lottery (BRSL) Operating Expenses (2014 - 2026) Analysis & Trends

Brightstar Lottery (BRSL) has 13 years of Operating Expenses data on file, last reported at $60.0 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $60.0 million, down 86.52% year-over-year; the trailing twelve-month figure through Mar 2026 was $678.0 million (down 62.91% YoY), and the FY2025 annual result was $472.0 million, down 74.15% from the prior year.
  • Operating Expenses declined to $60.0 million in Q1 2026 per BRSL's latest filing, from $71.0 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $1.9 billion in Q4 2022 and troughed at $849000.0 in Q3 2022.
  • A 5-year average of $480.6 million and a median of $443.0 million in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses soared 105727.81% in 2022, then slumped 88.47% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $1.9 billion in 2022, then tumbled by 73.91% to $483.0 million in 2023, then decreased by 2.28% to $472.0 million in 2024, then sank by 84.96% to $71.0 million in 2025, then dropped by 15.49% to $60.0 million in 2026.
  • Business Quant data shows BRSL's Operating Expenses at $60.0 million in Q1 2026, $71.0 million in Q4 2025, and $55.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Flutter Entertainment 17.90 Bn 16.81 Bn 1.84 Bn 792.00 Mn
2 DraftKings 13.03 Bn 12.02 Bn 696.69 Mn 289.11 Mn
3 Churchill Downs 6.18 Bn 6.02 Bn 475.00 Mn 520.00 Mn
4 Rush Street Interactive 2.98 Bn 2.81 Bn 132.17 Mn 327.58 Mn
5 Brightstar Lottery 2.10 Bn 1.86 Bn 553.00 Mn 60.00 Mn
6 Accel Entertainment 1.07 Bn 801.63 Mn 109.94 Mn 324.48 Mn
7 Codere Online Luxembourg 539.90 Mn 470.47 Mn - -
8 Bragg Gaming 273.64 Mn 265.89 Mn 18.22 Mn 17.75 Mn
9 Inspired Entertainment 234.31 Mn 190.81 Mn 54.60 Mn 24.30 Mn
10 High Roller Technologies 50.40 Mn 47.74 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 60.00 Mn
Dec 31, 2025 71.00 Mn
Sep 30, 2025 55.00 Mn
Jun 30, 2025 492.00 Mn
Mar 31, 2025 445.00 Mn
Dec 31, 2024 472.00 Mn
Sep 30, 2024 477.00 Mn
Jun 30, 2024 434.00 Mn
Mar 31, 2024 443.00 Mn
Dec 31, 2023 483.00 Mn
Sep 30, 2023 438.00 Mn
Jun 30, 2023 434.00 Mn
Mar 31, 2023 422.00 Mn
Dec 31, 2022 1.85 Bn
Sep 30, 2022 849,000.00
Jun 30, 2022 793.00 Mn
Mar 31, 2022 799.00 Mn
Dec 31, 2021 864.00 Mn
Sep 30, 2021 772,000.00
Jun 30, 2021 796,000.00