Galaxy Gaming Inc
galaxygaming.comWhat Do They Do?
Licenses proprietary casino table games, side bets and electronic table systems to land-based and online casinos and other gaming operators.
10-K for FY2025, filed Mar 30, 2026We are an established global gaming company specializing in the design, development, acquisition, assembly, marketing and licensing of…View ↗
We have two revenue streams which operate as a single reporting segment. In our GG Core revenue stream, we license our products to…View ↗
Proprietary Table Games. Casinos use Proprietary Table Games together with or in lieu of other games in the public domain (e.g. Blackjack…View ↗
Enhanced Table Systems. Enhanced Table Systems are electronic enhancements used on casino table games to add to player appeal and to…View ↗
How Do They Make Money?
Galaxy bills casino and online operators monthly for game-content licenses, at flat rates or based on usage, either in advance for unlimited use or after use. It sometimes sells perpetual rights and equipment for progressive systems; those sales are tied to when the system is available for customer use, no earlier than shipment.
10-K for FY2025, filed Mar 30, 2026A majority of our clients contract with us to use our products and services on a month-to-month or annual basis with typically a 30–45 day…View ↗
Revenue recognition. We generate revenue primarily from the licensing of our intellectual property and the intellectual property that we…View ↗
From time to time, we may sell the perpetual right to use our intellectual property for our progressive gaming systems, that is separate…View ↗
$30.9M
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10-K for FY2025, filed Mar 30, 2026
$30.9M ↗
Who Are Their Customers?
Galaxy licenses table games and systems to land-based casinos, cardrooms, cruise ships and electronic table-game providers. Online operators and content aggregators license its digital games through direct arrangements and business-to-business partnerships.
10-K for FY2025, filed Mar 30, 2026We are an established global gaming company specializing in the design, development, acquisition, assembly, marketing and licensing of…View ↗
We have two revenue streams which operate as a single reporting segment. In our GG Core revenue stream, we license our products to…View ↗
iGaming Strategy. Our iGaming strategy is centered on maximizing content distribution across a wide array of online platforms. The iGaming…View ↗
Promote the use of our game content in adjacent gaming markets. We have proprietary table game content that is well-known and popular in…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 5 cents of every revenue dollar as net income in FY2025 and turned 25 cents into free cash flow.
10-K for FY2025, filed Mar 30, 2026
$8.2MView ↗
10-K for FY2025, filed Mar 30, 2026
$1.5MView ↗
10-K for FY2025, filed Mar 30, 2026
$7.6MView ↗
How Are They Changing?
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Jul 22, 2026
Galaxy issued second-quarter results guidance
It expected quarterly revenue of $7.8 million to $7.9 million and net income of $0.9 million to $1.0 million.
Sources
8-K, filed Jul 22, 2026
The Company expects 2026 second quarter consolidated revenue of approximately $7.8 million to $7.9 million reflecting an increase from $7.5…View ↗
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Jul 21, 2026
Evolution terminated its merger agreement with Galaxy
Evolution must pay Galaxy a termination fee of $5,234,678.
Sources
8-K, filed Jul 21, 2026
On July 21, 2026 (the “Termination Date”), Galaxy Gaming, Inc., a Nevada corporation (“Galaxy” or the “Company”) was notified by Evolution…View ↗
Perpetual system licenses
The older report described recurring fees as substantially all revenue; the latest report also describes upfront sales of perpetual licenses and equipment for progressive systems.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Mar 30, 2026A majority of our clients contract with us to use our products and services on a month-to-month basis with typically a 30–45 day…View ↗
A majority of our clients contract with us to use our products and services on a month-to-month or annual basis with typically a 30–45 day…View ↗
Who Do They Compete With?
Competes with Light & Wonder, International Game Technology, Play AGS, TCS/John Huxley, Aces Up Gaming, Genesis Gaming Solutions, Masque Publishing, and AGS
10-K for FY2025, filed Mar 30, 2026Our land-based competitors include, but are not limited to, Light & Wonder, Inc.; International Game Technology; Play AGS, Inc.; TCS/John…View ↗
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