For the quarter ending 2026-03-31, GLXZ had $547,111 increase in cash & cash equivalents over the period. $2,480,241 in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income (loss) | 1,367,556 | 1,515,405 | 1,039,139 | -1,070,925 |
| Depreciation and amortization | 869,951 | 837,464 | 806,483 | 1,565,732 |
| Amortization of right-of-use assets | 67,040 | 65,375 | 65,667 | 128,607 |
| Amortization of debt issuance costs and debt discount | 63,400 | 31,596 | 31,374 | 85,251 |
| Bad debt expense | 951 | 21,352 | -8,157 | 38,295 |
| Gain on disposal of property & equipment | 0 | 5,762 | 0 | 62 |
| Deferred income tax | 4,632 | -14,700 | -49,272 | 68,687 |
| Stock-based compensation | 52,847 | 98,802 | 122,202 | 319,403 |
| Loss on extinguishment of debt | 0 | 0 | 0 | -2,969,585 |
| Accounts receivable | -943,536 | 614,013 | 734,917 | -612,499 |
| Income tax receivable | -11,470 | -30,777 | 4,712 | 55,973 |
| Prepaid expenses and other current assets | -166,898 | -85,520 | 352,583 | -345,816 |
| Other assets | 45,277 | -61,768 | -53,692 | -161,522 |
| Accounts payable | 6,552 | -339,276 | 45,007 | -478,608 |
| Accrued expenses | -792,879 | 301,040 | 249,783 | -327,785 |
| Revenue contract liability | -96,221 | 228,253 | -67,523 | 125,491 |
| Operating lease liabilities | -76,370 | -75,717 | -72,236 | -141,744 |
| Net cash provided by operating activities | 2,544,086 | 2,227,884 | 1,123,947 | 4,345,791 |
| Investment in internally developed software | 409,202 | 241,621 | 266,326 | 484,741 |
| Acquisition of property and equipment | 63,845 | 29,265 | 0 | 93,683 |
| Acquisition of assemblies in process | - | -145,832 | 612,198 | - |
| (acquisition) transfer of assemblies in process | 184,314 | - | - | - |
| Acquisition of assets deployed at client locations | 380,608 | 546,944 | 185,678 | 743,304 |
| Transfer of title of assets deployed at client locations to perpetual license customer | 7,649 | 60,813 | 11,591 | 159,984 |
| Net cash used in investing activities | -1,030,320 | -611,185 | -1,052,611 | -1,161,744 |
| Proceeds from bmo credit agreement | 0 | 0 | 0 | 45,000,000 |
| Principal payments on long-term debt-Fortress Credit Corporation | 0 | 0 | 0 | 57,576,929 |
| Principal payments on long-term debt-BMOBank NA | 812,500 | 562,500 | 1,687,500 | 3,125,000 |
| Principal payments on long-term debt-Insurance Notes Payable | 70,368 | 69,160 | 61,593 | 180,688 |
| Payments of debt issuance costs | 0 | 0 | 5,776 | 624,248 |
| Fees associated with debt transactions - prior debt | 0 | 0 | 0 | 138,233 |
| Proceeds from stock option exercises | 0 | 0 | 24,200 | 151,200 |
| Net cash used in financing activities | -882,868 | -631,660 | -1,730,669 | -16,493,898 |
| Effect of exchange rate changes on cash | -83,787 | -12,935 | -45,337 | 231,057 |
| Net increase (decrease) in cash and cash equivalents | 547,111 | 972,104 | -1,704,670 | -13,078,794 |
| Cash and cash equivalents beginning of period | 4,306,683 | 3,334,579 | 18,118,043 | - |
| Cash and cash equivalents end of period | 4,853,794 | 4,306,683 | 3,334,579 | - |
Galaxy Gaming, Inc. (GLXZ)
Galaxy Gaming, Inc. (GLXZ)