Earnings ·
Galaxy Gaming posts Q2 revenue of $7.9M and announces $4.0M share buyback
GLXZGalaxy Gaming, Inc.
Galaxy Gaming reported second-quarter 2026 total revenue of $7,938k, a 5.5% increase from the prior-year quarter, driven by an 8.5% rise in recurring revenue to $7,887k. Net income grew 4.9% to $997k, and Adjusted EBITDA increased 10.9% to $3,548k with a margin of 44.7%. The company also disclosed subsequent capital allocation actions: the Board authorized a $4.0M share repurchase program on July 22, 2026; the Company repurchased 330,758 shares for approximately $0.5M on July 31; and it cancelled all 778,320 outstanding Fortress warrants for roughly $1.2M on August 12, reducing the diluted share count by 4.2%. Approximately $2.3M remains available under the authorization. Galaxy Gaming is a pure-play table games supplier operating in land-based casinos and online iGaming channels.