Brightstar Lottery (BRSL) Operating Expenses (2014 - 2026)
Brightstar Lottery (BRSL) posted quarterly 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 reported Operating Expenses for 13 consecutive years, with $60.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 86.52% year-over-year to $60.0 million; the TTM figure through Mar 2026 stood at $678.0 million (down 62.91% YoY), while the FY2025 annual figure was $290.0 million, down 84.12% from the prior year.
- Operating Expenses slipped to $60.0 million in Q1 2026 per BRSL's latest filing, from $71.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $1.9 billion in Q4 2022 and bottomed at $793000.0 in Q2 2022.
- Historically, Operating Expenses has averaged $483.9 million across 5 years, with a median of $443.0 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 109874.09% — and 2025, when it slumped 88.47%.
- Brightstar Lottery's Operating Expenses stood at $1.9 billion in 2022, then plunged by 73.91% to $483.0 million in 2023, then slipped by 2.28% to $472.0 million in 2024, then slumped by 84.96% to $71.0 million in 2025, then declined 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.48 Bn | 15.91 Bn | 1.71 Bn | 1.56 Bn |
| 2 | DraftKings | 12.42 Bn | 11.42 Bn | 551.45 Mn | 491.98 Mn |
| 3 | Super Group (SGHC) | 6.68 Bn | 6.26 Bn | - | -470.00 Mn |
| 4 | Churchill Downs | 6.51 Bn | 6.31 Bn | 712.00 Mn | 623.00 Mn |
| 5 | Rush Street Interactive | 2.83 Bn | 2.49 Bn | 139.66 Mn | 347.55 Mn |
| 6 | Brightstar Lottery | 2.15 Bn | 877.09 Mn | 297.00 Mn | 60.00 Mn |
| 7 | Accel Entertainment | 993.49 Mn | 738.04 Mn | 115.51 Mn | 336.07 Mn |
| 8 | Codere Online Luxembourg | 416.60 Mn | 347.18 Mn | - | - |
| 9 | Inspired Entertainment | 170.71 Mn | 146.31 Mn | 52.10 Mn | 24.20 Mn |
| 10 | Grandstand | 71.71 Mn | 62.91 Mn | 31.83 Mn | -21.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 849.00 Mn |
| Jun 30, 2022 | 793,000.00 |
| Mar 31, 2022 | 799.00 Mn |
| Dec 31, 2021 | 864.00 Mn |
| Sep 30, 2021 | 772,000.00 |
| Jun 30, 2021 | 796,000.00 |