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Dave and Buster's Entertainment, Inc

daveandbusters.com

Dave and Buster's Entertainment, Inc. (NASDAQ: PLAY) is an entertainment and dining company that operates large-format venues combining arcade-style amusements with full-service restaurants and bars. Revenue is transactional, generated when customers purchase game play credits and food and beverage items at the point of sale inside company-owned stores. As of the 10-K filed March 31, 2026, the company operated 243 stores across 39 U.S. states and Puerto Rico, under two brands: Dave and Buster's (179 locations) and Main Event (64 locations). Store formats range from approximately 16,000 to 70,000 square feet. In fiscal year 2025 (52 weeks ended February 3, 2026), the company opened eight Dave and Buster's stores and three Main Event stores. The business carries substantial indebtedness, as noted in the filing's risk factors. There is no disclosed customer concentration, as revenue is drawn from walk-in retail consumers. The company competes in the broader entertainment and casual dining industry.

Products & Services

Arcade and amusement game play (power card credits), full-service dining under a 'modern American dining' identity including burgers, handhelds, choice-grade steaks, pasta, and appetizers, full bar service, and a 'back-to-basics' menu launched in Q3 fiscal 2025 at Dave and Buster's locations. Brands operated: Dave and Buster's and Main Event.

Revenue Model

Transactional revenue at the store level from two sources: game play credits purchased by customers for arcade and amusement machines, and food and beverage sales including full bar service. All stores are company-owned and operated, with no disclosed franchise or licensing fees.

Customers & Markets

Walk-in retail consumers seeking out-of-home entertainment and dining. No disclosed customer concentration. End market is discretionary consumer spending on entertainment and dining alternatives.

Geographic Exposure

United States (39 states and Puerto Rico) and Ontario, Canada. As of the 10-K filed March 31, 2026: 243 total stores, with the largest concentrations in Texas (37 stores), California (24), Florida (13), New York (13), and Ohio (9).

Financial Snapshot

Revenue
TTM
$2.094B
Gross Margin
TTM
85.77%
Net Income
TTM
-$64.70M
Current Assets
2026 Q2
Current Liabilities
2026 Q2
Current Ratio
2026 Q2
28.97%
Total Assets
2026 Q2
Total Liabilities
2026 Q2
$2.409B
Book Value
2026 Q2
$1.726B
Cash
2026 Q2
P/E
Last 4 Quarters
N/A
Free Cash Flow
TTM
-$33.30M

Stock Price

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Market Cap: $377.11 Million

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