L&

Light & Wonder, Inc.

LNWยทNASDAQ

$99.75

+0.25%
Consumer CyclicalGambling, Resorts & Casinos

Light & Wonder, Inc. develops technology-based products and services, and related content for the gaming, lottery, social and digital gaming industries in the United States and internationally. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, conversion game kits, and spare parts; table products, including shufflers; and perpetual licenses to proprietary table games. It also supplies game content, gaming machines; provides table game products and services to licensed gaming entities; and installs and supports casino management systems, such as ongoing hardware and software maintenance and upgrade services of customer casino management systems. The company's SciPlay segment develops and publishes digital games on mobile and web platforms. It sells virtual coins, chips, or bingo cards, which players can use to play slot games, table games, or bingo games. Its iGaming segment provides a suite of digital gaming content, including digital real-money gaming, distribution platforms, content, products, and services. This segment also offers the Open Platform System, which offers a range of reporting and administrative functions and tools providing operators control over various areas of digital gaming operations. The company also offers software design, development, licensing, maintenance, support services, and technology solutions. Light & Wonder, Inc. was incorporated in 1984 and is based in Las Vegas, Nevada.

At a Glance

Live Snapshot
Market Cap$8.43B
EPS3.7700
P/E Ratio26.46
Earnings Date02/24/2026
3Y+48.0%
5Y+34.0%
10Y+16.0%
3Y-9.0%
5Y-358.0%
10Y-124.0%
3Y-8.0%
5Y+16.0%
10Y+53.0%
L&

Light & Wonder, Inc. Profit Bridge

LNW ยท NASDAQ
Revenue3.19B
Cost of Goods Sold (931.00M)
Gross Profit2.26B
Operating Expenses (1.59B)
Operating Income668.00M
Interest Expense (293.00M)
Other Income/Expense-247.00M
Pretax Income421.00M
Income Tax (85.00M)
Net Income336.00M
Net Income
336.00M

Profitability Analysis

Gross Margin

70.8%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

21.0%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

10.5%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

20.2%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

Light & Wonder, Inc. Income Statement

LNW โ€ข NASDAQ

Light & Wonder, Inc. Income StatementDec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006Dec 2005
REVENUE
3.2B
2.9B
2.5B
2.2B
1.7B
2.4B
3.4B
3.1B
2.9B
2.8B
1.8B
1.1B
940.6M
878.7M
882.5M
927.7M
1.1B
1B
897.2M
781.7M
GROSS PROFIT
(931M)
(872M)
(738M)
(609M)
(610M)
(746M)
(1.3B)
(1.2B)
(1.1B)
(1.1B)
(849.4M)
(591.7M)
(528.7M)
(491.3M)
(514.9M)
(549.5M)
(680.6M)
(611.8M)
(509.9M)
(452.1M)
2.3B
2B
1.8B
1.5B
1.1B
1.6B
2.1B
1.9B
1.8B
1.7B
937M
499.2M
411.9M
387.4M
367.6M
378.3M
438.2M
434.9M
387.3M
329.6M
OPERATING INCOME
(1.6B)
(1.5B)
(1.5B)
(1.4B)
(1.3B)
(1.4B)
(1.8B)
(1.5B)
(1.6B)
(1.7B)
(1.1B)
(292.4M)
(183M)
(303.6M)
(300.9M)
(324M)
(184.2M)
(329.1M)
(261.7M)
(198.6M)
(872M)
(808M)
(717M)
(679M)
(627M)
(619M)
(696.9M)
(613.1M)
(577M)
(567.7M)
(507.7M)
(222.1M)
(179.4M)
(172.9M)
(159.1M)
(168.2M)
(184.2M)
(168.7M)
(155.7M)
(131.8M)
(262M)
(228M)
(218M)
(190M)
(148M)
(166M)
(202.3M)
(184.1M)
(204.8M)
(183.9M)
(117M)
(26M)
(6.6M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
668M
518M
273M
110M
-245M
290M
265.6M
393.1M
130.6M
-1B
-172.7M
-18.3M
38.2M
113.2M
115.9M
113.5M
80.2M
103.8M
124.8M
129.8M
PRE-TAX INCOME
(293M)
(324M)
(327M)
(478M)
(503M)
(589M)
(597.2M)
(609.7M)
(661.4M)
(664.9M)
(307.2M)
(119.5M)
(100M)
(104.7M)
(101.6M)
(87.5M)
(65M)
(13.2M)
(34M)
(26.2M)
-293M
-309M
-327M
-478M
-503M
-589M
-597M
-610M
-661.4M
-664.9M
-307.2M
-119.5M
-100M
-104.7M
-101.6M
-87.5M
-78.1M
-70.8M
-43.4M
0.0
(455M)
(476M)
(566M)
(565M)
(559M)
(567M)
(942.8M)
(728.8M)
(864.7M)
(903.2M)
(485M)
(44.3M)
-3M
(130.7M)
(141.8M)
(155.7M)
(0.0)
(160.4M)
(106M)
(66.8M)
-247M
-313M
-436M
-404M
-559M
-667M
-604.9M
-620.9M
-609.3M
-299.9M
-322.2M
-125M
-107M
-109.8M
-121.2M
-80.7M
-63.3M
-15.2M
-34.7M
-27.4M
421M
205M
-163M
-294M
-804M
-377M
-339.3M
-227.8M
-478.7M
-1.7B
-494.9M
-143.3M
-48M
3.4M
-5.3M
-26.3M
16.9M
90.6M
90.8M
103.6M
NET INCOME
(85M)
(25M)
(13M)
-318M
-3M
-47M
(13.1M)
(14.5M)
-125M
-299.9M
-260.6M
-117.7M
(14.6M)
(16M)
(143.9M)
(13.5M)
(8.4M)
(25.2M)
(24.1M)
(28.3M)
336M
163M
3.7B
371M
-569M
-130M
-352.4M
-242.3M
-353.7M
-1.4B
-234.3M
-30.2M
-62.6M
-12.6M
-149.2M
-39.9M
8.5M
65.4M
66.8M
75.3M

SEC Filings

LNW - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2025

N/A

November 14, 2025
November 13, 2025
2025
8-K

8-K 2025

N/A

November 07, 2025
November 05, 2025
2025
10-Q

10-Q 2025 Q3

Q3

November 05, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

November 05, 2025
November 05, 2025
2025
8-K/A

8-K/A 2025 (Amended)

N/A

November 04, 2025
June 16, 2025
2025
8-K

8-K 2025

N/A

October 14, 2025
October 13, 2025
2025
8-K

8-K 2025

N/A

October 10, 2025
October 07, 2025
2025
8-K

8-K 2025

N/A

September 24, 2025
September 24, 2025
2025
8-K

8-K 2025

N/A

September 12, 2025
September 05, 2025
2025
8-K

8-K 2025

N/A

September 10, 2025
September 10, 2025
2025
Showing 1 to 10 of 629 filings