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Galaxy Gaming
(OTC:GLXZ)
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Rating:59Neutral
Price Target:
$1.50
▼(-13.79% Downside)
Action:Reiterated
Date:09/25/26
The score is driven primarily by improved TTM profitability and generally solid cash generation, partially offset by high balance-sheet risk from persistent negative equity. Valuation looks supportive (low P/E), but technicals remain weak with price below key moving averages and a negative MACD; corporate events are mixed with positive capital-structure actions but merger-related uncertainty.
Positive Factors
Recurring IP Licensing Model
Licensing proprietary games can create repeatable, asset-light revenue as casino placements continue, while related systems and products broaden monetization. This model can support durable margins and reinvestment when Galaxy expands its content and casino footprint.
Negative Factors
Persistent Negative Equity
Negative stockholders’ equity across all provided periods leaves the capitalization structure strained and reduces financial flexibility. In a downturn, this weak equity base can make it harder to absorb losses, negotiate from strength with lenders, or fund growth without added financing pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring IP Licensing Model
Licensing proprietary games can create repeatable, asset-light revenue as casino placements continue, while related systems and products broaden monetization. This model can support durable margins and reinvestment when Galaxy expands its content and casino footprint.
Read all positive factors
Galaxy Gaming (GLXZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$39.37M
Dividend YieldN/A
Average Volume (3M)35.68K
Price to Earnings (P/E)8.2
Beta (1Y)0.34
Revenue Growth2.08%
EPS GrowthN/A
CountryUS
Employees47
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)0.19
Shares Outstanding25,023,865
10 Day Avg. Volume23,291
30 Day Avg. Volume35,678
Financial Highlights & Ratios
PEG Ratio-0.30
Price to Book (P/B)-4.26
Price to Sales (P/S)2.41
P/FCF Ratio16.05
Enterprise Value/Market Cap1.97
Enterprise Value/Revenue2.48
Enterprise Value/Gross Profit2.69
Enterprise Value/Ebitda6.27
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Galaxy Gaming Business Overview & Revenue Model
Company Description
Galaxy Gaming, Inc. is a company dedicated to the casino gaming industry, focusing on the innovation, development, acquisition, production, promotion, and licensing of exclusive casino table games, along with their complementary technologies, plat...
How the Company Makes Money
Galaxy Gaming primarily generates revenue by monetizing its proprietary table-game intellectual property and associated casino-facing products. A core stream is recurring licensing fees and/or royalties paid by casinos for the right to offer Galax...
Galaxy Gaming Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
32
Negative
Cash Flow
68
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 31.16M | 30.87M | 31.74M | 27.79M | 23.44M | 19.98M |
| Gross Profit | 28.82M | 30.09M | 30.23M | 26.53M | 23.24M | 19.90M |
| EBITDA | 12.34M | 8.69M | 9.61M | 9.85M | 8.84M | 6.75M |
| Net Income | 4.92M | 1.48M | -2.63M | -1.81M | -1.77M | 2.11M |
Balance Sheet | ||||||
| Total Assets | 26.96M | 27.50M | 41.01M | 40.48M | 42.01M | 40.45M |
| Cash, Cash Equivalents and Short-Term Investments | 4.76M | 4.31M | 18.12M | 16.69M | 18.24M | 16.06M |
| Total Debt | 3.01M | 39.58M | 55.55M | 54.91M | 54.98M | 54.49M |
| Total Liabilities | 42.11M | 44.97M | 61.07M | 58.72M | 59.90M | 57.74M |
| Stockholders Equity | -15.15M | -17.47M | -20.05M | -18.24M | -17.89M | -17.29M |
Cash Flow | ||||||
| Free Cash Flow | 6.12M | 4.64M | 1.29M | -1.06M | 3.59M | 5.74M |
| Operating Cash Flow | 7.52M | 7.70M | 4.10M | 2.73M | 6.39M | 6.00M |
| Investing Cash Flow | -3.76M | -2.83M | -1.62M | -2.96M | -3.42M | -233.73K |
| Financing Cash Flow | -3.88M | -18.86M | -886.13K | -1.37M | -745.63K | 4.36M |
Galaxy Gaming Technical Analysis
Negative
1.74
Price Trends
1.65
Negative
1.69
Negative
1.92
Negative
Market Momentum
-0.02
Positive
39.70
Neutral
38.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GLXZ, the sentiment is Negative. The current price of 1.74 is above the 20-day moving average (MA) of 1.61, above the 50-day MA of 1.65, and below the 200-day MA of 1.92, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 39.70 is Neutral, neither overbought nor oversold. The STOCH value of 38.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GLXZ.
Galaxy Gaming Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $80.86M | 690.79 | 0.14% | 1.78% | 0.61% | -25.62% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | $39.37M | 8.21 | -28.99% | ― | 2.08% | ― | |
50 Neutral | $104.91M | -12.54 | 70.68% | ― | -6.73% | -114.46% | |
47 Neutral | $50.20M | -1.33 | 7622.52% | ― | 2.76% | 11.27% | |
46 Neutral | $53.71M | 12.75 | -4.02% | ― | -55.87% | ― | |
45 Neutral | $28.98M | -0.53 | 53.66% | ― | 1.08% | 54.98% |
* Consumer Cyclical Sector Average
GLXZ
Galaxy Gaming
1.56
-1.26
-44.68%
CPHC
Canterbury Park Holding
15.75
-0.57
-3.48%
CNTY
Century Casinos
1.02
-1.61
-61.22%
FLL
Full House Resorts
1.36
-1.44
-51.43%
INSE
Inspired Entertainment
3.97
-5.10
-56.23%
ROLR
High Roller Technologies, Inc.
4.59
1.73
60.49%
Galaxy Gaming Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Galaxy Gaming Amends Credit Agreement to Enhance Flexibility
Positive
Sep 25, 2026
On September 23, 2026, Galaxy Gaming, Inc. amended its existing Credit Agreement with BMO Bank N.A., adjusting key financial covenants that govern its borrowing arrangements. The Second Amendment raises the annual capital expenditure cap to no mor...
Business Operations and StrategyExecutive/Board Changes
Galaxy Gaming extends CEO contract and incentives package
Positive
Sep 21, 2026
On September 18, 2026, Galaxy Gaming, Inc. approved an amended and restated employment agreement for President and CEO Matt Reback, effective September 1, 2026, extending his term through May 31, 2029 and setting base compensation at $367,500 thro...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Galaxy Gaming Extends CFO Agreement and Compensation Package
Positive
Sep 10, 2026
On September 8, 2026, Galaxy Gaming, Inc. entered into an Amended and Restated Employment Agreement, effective September 1, 2026, with Chief Financial Officer, Secretary and Treasurer Steven Kopjo. The agreement extends his employment term through...
Business Operations and StrategyStock Buyback
Galaxy Gaming Eliminates Warrants, Streamlines Capital Structure
Positive
Aug 17, 2026
On August 12, 2026, Galaxy Gaming canceled 778,320 common stock purchase warrants previously issued to affiliates of former lender Fortress Credit Corp., paying approximately $1.2 million in cash funded from cash on hand and eliminating all outsta...
Business Operations and StrategyStock BuybackPrivate Placements and Financing
Galaxy Gaming Amends Credit Agreement to Enable Buybacks
Positive
Jul 30, 2026
On July 24, 2026, Galaxy Gaming, Inc. amended its January 6, 2025 Credit Agreement with BMO Bank N.A. to allow repurchases of up to $4 million of its stock, equity interests or warrants, subject to minimum liquidity of $5 million, use of a specifi...
Business Operations and StrategyStock BuybackM&A Transactions
Galaxy Gaming Announces New $4 Million Share Buyback
Positive
Jul 22, 2026
On July 22, 2026, Galaxy Gaming, Inc. announced that its Board of Directors had authorized a share repurchase program of up to $4.0 million of the company’s outstanding common stock, effective immediately, replacing a prior $750,000 authoriz...
Business Operations and StrategyM&A Transactions
Galaxy Gaming faces terminated merger, returns to independence
Negative
Jul 21, 2026
On July 21, 2026, Galaxy Gaming reported that Evolution Malta Holding Limited terminated their Agreement and Plan of Merger originally signed on July 18, 2024 and later amended in November 2025, halting Evolution’s planned acquisition of Gal...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
Galaxy Gaming Merger With Evolution Facing Regulatory Uncertainty
Negative
Jul 20, 2026
On July 20, 2026, Galaxy Gaming reported that its planned merger with Evolution Malta Holding Limited remains pending after the July 17, 2026 outside date passed without satisfaction or waiver of two remaining gaming regulatory approvals. Under th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.