ACEL on NYSE
Accel Entertainment, Inc.
In its 2026 annual report the company says: “We are a leading distributed gaming operator in the United States, as well as a developer of brick-and-mortar casinos that serve local gaming markets and horse racing venues. We are a preferred partner for local business owners in the markets we serve. We offer turnkey, full-service gaming solutions to bars, restaurants, convenience stores, truck stops, and fraternal and veteran establishments across the country as well as casinos and horse racing venues.”6 It is headquartered in Burr Ridge, United States.2 Its shares trade on NYSE under the symbol ACEL.2
$11.19 up 0.06 (0.54%)Price as of Oct 15, 2026 at 17:33 UTC
Last updated Oct 21, 2026.
Overview
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- TickerACEL on NYSE2
- IndustryServices-Amusement & Recreation Services2
- HeadquartersBurr Ridge, United States2
- Incorporated inDE4
- Business address140 Tower Drive, Burr Ridge, Il 605274
- Filer categoryAccelerated filer4
- Legal formCorporation2
- LEI549300N35L2GPZXXFL522
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 74561012
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We are a leading distributed gaming operator in the United States (“U.S.”), as well as a developer of brick-and-mortar casinos that serve local gaming markets and horse racing venues. We are a preferred partner for local business owners in the markets we serve. We offer turnkey, full-service gaming solutions to bars, restaurants, convenience stores, truck stops, and fraternal and veteran establishments across the country as well as casinos and horse racing venues. Our focus is providing unmatched customer support, guidance, and expertise so our location partners can grow their businesses with an additional revenue stream. We install, maintain, operate and service games of chance and games of skill, which we refer to as gaming terminals, and related equipment for our location partners as well as redemption devices that have automated teller machine (“ATM”) functionality and stand-alone AT…6 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Video Gaming brought in 93% of the revenue Accel Entertainment, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Video Gaming | $1.1B | $1.2B | $1.2B |
| ATM Fees And Other Revenue | $19.5M | $23.7M | $54.9M |
| Amusement | $24.0M | $22.2M | $21.7M |
| Manufacturing | $13.4M | $12.2M | $10.9M |
Business segments
Reportable brought in 97% of the revenue Accel Entertainment, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Reportable | $1.2B | $1.2B | $1.3B |
| Other Operating | $1.4M | $35.8M |
Regions
Israel brought in 72% of the revenue Accel Entertainment, Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| Israel | $867.2M | $906.6M | $963.2M |
| MT | $154.4M | $161.7M | $164.3M |
| NV | $117.1M | $114.6M | $108.9M |
| LA | $0 | $5.4M | $37.6M |
| NE | $19.0M | $25.4M | $33.2M |
| GA | $8.5M | $13.2M | $19.9M |
| Other States | $4.2M | $4.1M | $3.9M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs95¢$1.3B
- Income tax2¢$20.7M
- Profit4¢$51.5M
Out of $1.3B in revenue.7
Where each dollar of operating cash went, fiscal 2025
- Capital spending59¢$88.9M
- Share buybacks26¢$39.9M
- Kept or used elsewhere15¢$22.1M
Out of $150.9M of cash from operations.7
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total net revenues | $1.3B | $1.2B | $1.2B |
| Cost of revenue (exclusive of depreciation and amortization expense shown below) | $908.1M | $852.4M | $809.5M |
| Cost of manufacturing goods sold (exclusive of depreciation and amortization expense shown below) | $5.6M | $7.1M | $7.7M |
| General and administrative | $219.3M | $194.7M | $180.2M |
| Depreciation and amortization of property and equipment | $52.7M | $44.0M | $37.9M |
| Amortization of intangible assets and route and customer acquisition costs | $25.4M | $22.6M | $21.2M |
| Other expenses, net | $11.9M | $19.3M | $6.5M |
| Total operating expenses | $1.2B | $1.1B | $1.1B |
| Operating income | $107.9M | $90.9M | $107.4M |
| Interest expense, net | $34.2M | $35.9M | $33.1M |
| Loss from unconsolidated affiliates | $59.0K | $0 | $0 |
| Loss on change in fair value of contingent earnout shares | $573.0K | $1.3M | $8.5M |
| Gain on expiration of warrants | $0 | -$13.0K | $0 |
| Loss on debt extinguishment | $1.1M | $0 | $0 |
| Income before income tax expense | $71.9M | $53.7M | $65.7M |
| Income tax expense | $20.7M | $18.4M | $20.1M |
| Net income | $51.3M | $35.3M | $45.6M |
| Less: Net (loss) income attributed to redeemable noncontrolling interests | -$198.0K | $39.0K | $0 |
| Net income attributable to Accel Entertainment, Inc. | $51.5M | $35.3M | $45.6M |
| Basic (in usd per share) | $0.61 | $0.42 | $0.53 |
| Diluted (in usd per share) | $0.60 | $0.41 | $0.53 |
| Basic (in shares) | 85.0M shares | 83.7M shares | 85.9M shares |
| Diluted (in shares) | 86.4M shares | 85.0M shares | 86.8M shares |
| Unrealized loss on interest rate caplets, net of taxes | -$4.0M | -$3.8M | -$4.3M |
| Comprehensive income | $47.3M | $31.5M | $41.3M |
| Less: Comprehensive (loss) income attributed to redeemable noncontrolling interests | -$198.0K | $39.0K | $0 |
| Comprehensive income attributable to Accel Entertainment, Inc. | $47.5M | $31.5M | $41.3M |
| Income taxes for unrealized (loss) gain on interest rate caplets | -$1.5M | -$1.4M | -$1.6M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $296.6M | $281.3M | ||
| Accounts receivable, net | $14.2M | $10.6M | ||
| Prepaid expenses | $7.1M | $8.9M | ||
| Inventories | $8.2M | $8.1M | ||
| Income taxes receivable | $9.1M | $1.6M | ||
| Interest rate caplets | $430.0K | $6.3M | ||
| Other current assets | $7.4M | $9.3M | ||
| Total current assets | $343.0M | $326.2M | ||
| Property and equipment, net | $350.3M | $308.0M | ||
| Route and customer acquisition costs, net | $31.1M | $23.3M | ||
| Location contracts acquired, net | $186.4M | $202.6M | ||
| Goodwill | $114.4M | $116.3M | $101.6M | |
| Other intangible assets, net | $61.0M | $53.9M | ||
| Interest rate caplets, net of current | $0 | $479.0K | ||
| Other assets | $17.0M | $17.7M | ||
| Total noncurrent assets | $410.1M | $414.2M | ||
| Total assets | $1.1B | $1.0B | ||
| Current maturities of debt | $37.6M | $34.4M | ||
| Current portion of route and customer acquisition costs payable | $2.5M | $2.2M | ||
| Accrued location gaming expense | $5.5M | $4.7M | ||
| Accrued state gaming expense | $21.1M | $19.8M | ||
| Accounts payable and other accrued expenses | $51.0M | $41.9M | ||
| Accrued compensation and related expenses | $9.9M | $12.1M | ||
| Current portion of consideration payable | $3.9M | $3.1M | ||
| Total current liabilities | $131.5M | $118.4M | ||
| Debt, net of current maturities | $569.8M | $560.9M | ||
| Route and customer acquisition costs payable, less current portion | $10.2M | $7.2M | ||
| Consideration payable, less current portion | $15.8M | $14.6M | ||
| Contingent earnout share liability | $33.7M | $33.1M | ||
| Other long-term liabilities | $9.4M | $7.6M | ||
| Deferred income tax liability, net | $59.2M | $47.4M | ||
| Total long-term liabilities | $698.1M | $670.7M | ||
| Temporary equity - Redeemable noncontrolling interest | $4.1M | $4.3M | $0 | $0 |
| Preferred Stock, par value of $0.0001; 1,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2025 and December 31, 2024 | $0 | $0 | ||
| Additional paid-in capital | $229.0M | $221.6M | ||
| Treasury stock, at cost | -$145.7M | -$105.5M | ||
| Accumulated other comprehensive income | $188.0K | $4.1M | ||
| Accumulated earnings | $186.2M | $134.7M | ||
| Total stockholders' equity | $269.7M | $255.0M | ||
| Total liabilities, temporary equity, and stockholders' equity | $1.1B | $1.0B | ||
| Preferred stock, par value (in usd per share) | $0.00 | $0.00 | ||
| Preferred stock, authorized (in shares) | 1.0M shares | 1.0M shares | ||
| Preferred stock, issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, outstanding (in shares) | 0 shares | 0 shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $296.6M | $281.3M | ||
| Accounts receivable, net | $14.2M | $10.6M | ||
| Prepaid expenses | $7.1M | $8.9M | ||
| Inventories | $8.2M | $8.1M | ||
| Income taxes receivable | $9.1M | $1.6M | ||
| Interest rate caplets | $430.0K | $6.3M | ||
| Other current assets | $7.4M | $9.3M | ||
| Total current assets | $343.0M | $326.2M | ||
| Property and equipment, net | $350.3M | $308.0M | ||
| Route and customer acquisition costs, net | $31.1M | $23.3M | ||
| Location contracts acquired, net | $186.4M | $202.6M | ||
| Goodwill | $114.4M | $116.3M | $101.6M | |
| Other intangible assets, net | $61.0M | $53.9M | ||
| Interest rate caplets, net of current | $0 | $479.0K | ||
| Other assets | $17.0M | $17.7M | ||
| Total noncurrent assets | $410.1M | $414.2M | ||
| Total assets | $1.1B | $1.0B | ||
| Current maturities of debt | $37.6M | $34.4M | ||
| Current portion of route and customer acquisition costs payable | $2.5M | $2.2M | ||
| Accrued location gaming expense | $5.5M | $4.7M | ||
| Accrued state gaming expense | $21.1M | $19.8M | ||
| Accounts payable and other accrued expenses | $51.0M | $41.9M | ||
| Accrued compensation and related expenses | $9.9M | $12.1M | ||
| Current portion of consideration payable | $3.9M | $3.1M | ||
| Total current liabilities | $131.5M | $118.4M | ||
| Debt, net of current maturities | $569.8M | $560.9M | ||
| Route and customer acquisition costs payable, less current portion | $10.2M | $7.2M | ||
| Consideration payable, less current portion | $15.8M | $14.6M | ||
| Contingent earnout share liability | $33.7M | $33.1M | ||
| Other long-term liabilities | $9.4M | $7.6M | ||
| Deferred income tax liability, net | $59.2M | $47.4M | ||
| Total long-term liabilities | $698.1M | $670.7M | ||
| Temporary equity - Redeemable noncontrolling interest | $4.1M | $4.3M | $0 | $0 |
| Preferred Stock, par value of $0.0001; 1,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2025 and December 31, 2024 | $0 | $0 | ||
| Additional paid-in capital | $229.0M | $221.6M | ||
| Treasury stock, at cost | -$145.7M | -$105.5M | ||
| Accumulated other comprehensive income | $188.0K | $4.1M | ||
| Accumulated earnings | $186.2M | $134.7M | ||
| Total stockholders' equity | $269.7M | $255.0M | ||
| Total liabilities, temporary equity, and stockholders' equity | $1.1B | $1.0B | ||
| Preferred stock, par value (in usd per share) | $0.00 | $0.00 | ||
| Preferred stock, authorized (in shares) | 1.0M shares | 1.0M shares | ||
| Preferred stock, issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, outstanding (in shares) | 0 shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $51.3M | $35.3M | $45.6M |
| Depreciation and amortization of property and equipment | $52.7M | $44.0M | $37.9M |
| Amortization of intangible assets and route and customer acquisition costs | $25.4M | $22.6M | $21.2M |
| Impairment of intangible assets | $0 | $846.0K | $0 |
| Amortization of debt issuance costs | $1.4M | $1.8M | $1.8M |
| Stock-based compensation expense | $12.2M | $12.2M | $9.4M |
| Loss on change in fair value of contingent earnout shares | $573.0K | $1.3M | $8.5M |
| Loss (gain) on disposal of property and equipment | $1.1M | $606.0K | -$10.0K |
| Loss on write-off of route and customer acquisition costs and route and customer acquisition costs payable | $1.4M | $1.1M | $935.0K |
| Loss on debt extinguishment | $1.1M | $0 | $0 |
| Remeasurement of contingent consideration | $2.8M | $6.5M | -$522.0K |
| Payments on consideration payable | -$1.4M | -$2.8M | -$4.8M |
| Accretion of interest on route and customer acquisition costs payable, contingent consideration, and contingent stock consideration | $2.3M | $1.6M | $1.5M |
| Deferred income taxes | $13.3M | -$2.4M | $7.3M |
| Prepaid expenses and other current assets | $2.2M | -$788.0K | -$987.0K |
| Accounts receivable, net | -$3.6M | $5.0M | -$2.3M |
| Inventories | -$57.0K | -$343.0K | -$734.0K |
| Income tax receivable | -$7.5M | -$1.4M | $264.0K |
| Route and customer acquisition costs | -$11.9M | -$7.5M | -$3.4M |
| Route and customer acquisition costs payable | $2.9M | $2.5M | -$441.0K |
| Accounts payable and accrued expenses | $5.1M | -$1.2M | $15.5M |
| Accrued compensation and related expenses | -$2.2M | -$531.0K | $2.0M |
| Other assets | $1.6M | $2.9M | -$6.2M |
| Net cash provided by operating activities | $150.9M | $121.2M | $132.5M |
| Purchases of property and equipment | -$88.9M | -$66.5M | -$81.7M |
| Proceeds from the sale of property and equipment | $1.6M | $984.0K | $1.7M |
| Proceeds from the settlement of convertible notes | $1.5M | $0 | $32.1M |
| Deposits against a portion of the purchase price on a pending business acquisition | $0 | $0 | -$4.6M |
| Acquisition of indefinite-lived operating license | -$9.4M | $0 | $0 |
| Investment in unconsolidated affiliate | $0 | -$5.0M | $0 |
| Business and asset acquisitions, net of cash acquired | -$5.3M | -$53.6M | -$7.2M |
| Net cash used in investing activities | -$100.6M | -$124.2M | -$59.8M |
| Proceeds from debt | $682.0M | $175.0M | $169.0M |
| Payments on debt | -$667.4M | -$123.0M | -$169.0M |
| Payments for debt issuance costs | -$4.1M | $0 | -$300.0K |
| Payments for repurchase of common shares | -$39.9M | -$25.5M | -$30.1M |
| Payments on interest rate caplets | -$993.0K | -$985.0K | -$965.0K |
| Proceeds from exercise of stock-based awards | $0 | $289.0K | $375.0K |
| Payments on consideration payable | -$1.3M | -$588.0K | -$3.2M |
| Payments on finance leases | -$245.0K | -$221.0K | -$17.0K |
| Tax withholding on stock-based payments | -$3.2M | -$2.3M | -$1.1M |
| Net cash (used in) provided by financing activities | -$35.1M | $22.7M | -$35.2M |
| Net increase in cash and cash equivalents | $15.3M | $19.7M | $37.5M |
| Interest, net | $31.6M | $32.8M | $30.2M |
| Income taxes, net | $15.5M | $22.3M | $11.7M |
| Purchases of property and equipment in accounts payable and accrued liabilities | $17.4M | $13.4M | $14.9M |
| Purchases of equipment financed through vendor | $4.8M | $577.0K | $0 |
| Deferred premium on interest rate caplets | $83.0K | $1.1M | $2.1M |
| Fair value of treasury stock (canceled) issued in a business combination | -$2.0M | $40.5M | $0 |
| Total identifiable net assets acquired | $5.3M | $110.5M | $7.2M |
| Less cash acquired | $0 | -$5.9M | $0 |
| Less contingent consideration | $0 | -$5.9M | $0 |
| Less fair value of treasury stock issued | $0 | -$40.5M | $0 |
| Less advances on purchase price paid in prior period | $0 | -$4.6M | $0 |
No quarter-by-quarter statement was filed.
Corporate structure
Accel Entertainment, Inc. sits at the top of its group. 51 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Accel Entertainment, Inc.
- CIBC Private Wealth Group LLC Filed SCHEDULE 13G/A on Accel Entertainment, Inc., latest Aug 14, 2026 (2 filings since Aug 14, 2026)
- Greenvale Capital LLP Filed SCHEDULE 13G/A on Accel Entertainment, Inc., latest Feb 17, 2026 (3 filings since Feb 11, 2022)
- BlackRock Filed SCHEDULE 13G/A on Accel Entertainment, Inc., latest Apr 29, 2025 (4 filings since Feb 13, 2023)
- AMERICAN CENTURY INVESTMENT MANAGEMENT INC Filed SC 13G/A on Accel Entertainment, Inc., latest Feb 12, 2024 (2 filings since Feb 8, 2023)
- DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP Filed SC 13G/A on Accel Entertainment, Inc., latest Feb 1, 2024 (3 filings since Feb 9, 2022)
- CLAIRVEST GROUP INC Filed SC 13D/A on Accel Entertainment, Inc., latest Apr 25, 2023
- LIGHT STREET CAPITAL MANAGEMENT, LLC Filed SC 13G/A on Accel Entertainment, Inc., latest Feb 14, 2022
- Accel Entertainment, Inc. Burr Ridge, Illinois, United States
- Accel 110 Randolph, LLC Subsidiary · Illinois, United States
- Accel 1200 Main, LLC Subsidiary · Illinois, United States
- Accel 131 Parkway, LLC Subsidiary · Illinois, United States
- Accel 1315 Ottis, LLC Subsidiary · Illinois, United States
- Accel 1421 Harlem, LLC Subsidiary · Illinois, United States
- Accel 14753 Cicero, LLC Subsidiary · Illinois, United States
- Accel 2800 Court, LLC Subsidiary · Illinois, United States
- Accel 3315 Main, LLC Subsidiary · Illinois, United States
- Accel 4808 Farmington, LLC Subsidiary · Illinois, United States
- Accel 6239 Second, LLC Subsidiary · Illinois, United States
- Accel 629 Glen, LLC Subsidiary · Illinois, United States
- Accel 8116 Hale, LLC Subsidiary · Illinois, United States
- Accel 8150 Cicero, LLC Subsidiary · Illinois, United States
- Accel Abraham Facility, LLC Subsidiary · Illinois, United States
- Accel Daimler, LLC Subsidiary · Illinois, United States
- Accel Entertainment Gaming (MO), LLC Subsidiary · Missouri, United States
- Accel Entertainment Gaming (PA), LLC Subsidiary · Pennsylvania, United States
- Accel Entertainment Gaming, LLC Subsidiary · Illinois, United States
- Accel Kennedy, LLC Subsidiary · Illinois, United States
- Accel Kinzie, LLC Subsidiary · Illinois, United States
- Accel Momence Watseka LLC Subsidiary · Illinois, United States
- Ace Gaming & Amusements, LLC Subsidiary · Louisiana, United States
- Bulldog Gaming, LLC Subsidiary · Georgia, United States
- Bulldog Holdings, LLC Subsidiary · Georgia, United States
- Century Gaming, Inc. Subsidiary · Montana, United States
- and 25 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Accel Entertainment, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $633.6M7 Dec 31, 2025 | $547.0M7 Dec 31, 2024 | +15.8% |
| Accumulated depreciation | $283.3M7 Dec 31, 2025 | $239.0M7 Dec 31, 2024 | +18.5% |
| Property and equipment, net | $350.3M7 Dec 31, 2025 | $308.0M7 Dec 31, 2024 | +13.7% |
| Finance-lease assets | $842.0K7 Dec 31, 2025 | $1.1M7 Dec 31, 2024 | −24.5% |
| Operating-lease assets (leased space) | $7.9M7 Dec 31, 2025 | $8.5M7 Dec 31, 2024 | −6.9% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $296.6M7 Dec 31, 2025 | $281.3M7 Dec 31, 2024 | +5.4% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $114.4M7 Dec 31, 2025 | $116.3M7 Dec 31, 2024 | −1.6% |
| Finite-lived intangibles, gross | $335.0M7 Dec 31, 2025 | $330.9M7 Dec 31, 2024 | +1.2% |
| Accumulated amortization | $148.6M7 Dec 31, 2025 | $128.3M7 Dec 31, 2024 | +15.9% |
| Finite-lived intangibles, net | $186.4M7 Dec 31, 2025 | $202.6M7 Dec 31, 2024 | −8.0% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $8.2M7 Dec 31, 2025 | $8.1M7 Dec 31, 2024 | +1.3% |
| Finished goods | $1.8M7 Dec 31, 2025 | $2.0M7 Dec 31, 2024 | −10.0% |
Properties, in its own words
We own our 58,000 sq. ft. corporate headquarters in Burr Ridge, Illinois. This facility houses service, support and sales functions for the Chicagoland region. It is the primary location for the majority of the executive management team, as well as the primary location for several other business units and shared services such as legal/compliance, human resources, information technology, security, fleet, finance/accounting, sales, service, amusements, and marketing and service units. The facility supports our 24/7 Service Solutions Call Center, as well as onsite route management and collection processing in Illinois. This facility also contains our largest warehouse, from which equipment installations, preparation, programming, and repairs occur, as well as gaming terminal quality assurance processes and general storage. In this facility there is an IGB-approved secured storage site for sensitive gaming equipment and materials.
In Illinois, we own facilities in Peoria, Springfield and Rockford that support our operations and properties in Rockford and Bradley that we lease to local commercial tenants. We also own and operate Fairmount, a racino in Collinsville, Illinois with 57 racing days planned for 2026 and ~260 gaming positions. We also own seven properties in Louisiana, to support our operations, and three properties in Billings, Montana, one of which is used to support our operations and the other two are retail gaming locations.
The rest of Item 2
We also rent an additional nineteen locations in Montana, sixteen locations in Illinois, fourteen locations in Louisiana, five locations in Nevada, three locations in Georgia, three locations in Nebraska, two locations in Iowa, and one location in Pennsylvania, which are used to support our operations and provide warehousing for our equipment.
We believe that our current facilities are in good working order and are capable of supporting our operations for the foreseeable future; however, we will continue to evaluate buying or renting additional space as needed to accommodate our growth.
Item 2 of the 10-K filed Mar 3, 2026.6
Leadership
Who has led Accel Entertainment, Inc., and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
Chief operating officer
- Chief executive officerMark T. Phelan Aug 11, 2026 to now15
- Chief executive officerAndrew H. Rubenstein Nov 22, 2019 to Aug 11, 202616
- Chief executive officerKarl Peterson Mr. Jun 27, 2017 to Jun 27, 201717
- PresidentMark T. Phelan Oct 17, 2023 to now18
- PresidentRyan Hammer Mar 9, 2020 to Jul 15, 202119
- PresidentAndrew H. Rubenstein Nov 22, 2019 to Mar 9, 202016
- PresidentKarl Peterson Mr. Jun 27, 2017 to Jun 27, 201717
- Chief financial officerBrett Andrew Summerer Sep 24, 2025 to now20
- Chief financial officerMathew Scot Ellis May 16, 2022 to Sep 24, 202521
- Chief financial officerBrian M. Carroll Nov 22, 2019 to Apr 15, 202222
- Chief financial officerMartin Davidson Jun 27, 2017 to Jun 27, 201723
- Chief operating officerMark T. Phelan Feb 27, 2026 to Jul 14, 202624
- Chief operating officerStan Guidroz Jul 14, 2026 to now25
Board members and other officers (21)
- Chief Accounting OfficerChristen Kozlik Nov 15, 2022 to now26
- ControllerBrian Sampias Nov 22, 2019 to Nov 22, 201927
- SecretaryDerek Harmer Nov 22, 2019 to now28
- Chief Revenue OfficerMark T. Phelan Nov 22, 2019 to Sep 18, 202329
- EVP of Corp. Dev. & SecretaryEduardo Tamraz Jun 27, 2017 to Jun 27, 201730
- Board memberBruce D. Wardinski May 11, 2026 to now31
- Board memberCheryl Kondra Apr 11, 2025 to now32
- Board memberDee M. Robinson Jun 29, 2020 to now33
- Board memberAndrew H. Rubenstein Nov 22, 2019 to now16
- Board memberDavid W. Ruttenberg Nov 22, 2019 to now34
- Board memberGordon Rubenstein Nov 22, 2019 to now35
- Board memberKenneth Rotman Nov 22, 2019 to now36
- Board memberEden Godsoe Dec 18, 2019 to now37
- Board memberChad A. Leat Jun 27, 2017 to Jun 27, 201738
- Board memberDavid Bonderman Jun 27, 2017 to Aug 15, 201739
- Board memberJames Coulter Jun 27, 2017 to Aug 15, 201739
- Board memberKarl Peterson Mr. Jun 27, 2017 to now17
- Board memberKathleen Philips Jun 27, 2017 to now40
- Board memberKneeland Youngblood Dr. Jun 27, 2017 to Jun 27, 201741
- Board memberRobert Suss Jun 27, 2017 to Jun 27, 201742
- General counselScott D. Levin Apr 11, 2025 to now43
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Executive OfficerMichael Marino named Jun 10, 202244
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Accel 110 Randolph, LLC Illinois5
- Accel 1200 Main, LLC Illinois5
- Accel 131 Parkway, LLC Illinois5
- Accel 1315 Ottis, LLC Illinois5
- Accel 1421 Harlem, LLC Illinois5
- Accel 14753 Cicero, LLC Illinois5
- Accel 2800 Court, LLC Illinois5
- Accel 3315 Main, LLC Illinois5
- Accel 4808 Farmington, LLC Illinois5
- Accel 6239 Second, LLC Illinois5
- Accel 629 Glen, LLC Illinois5
- Accel 8116 Hale, LLC Illinois5
- Accel 8150 Cicero, LLC Illinois5
- Accel Abraham Facility, LLC Illinois5
- Accel Daimler, LLC Illinois5
- Accel Entertainment Gaming (MO), LLC Missouri5
- Accel Entertainment Gaming (PA), LLC Pennsylvania5
- Accel Entertainment Gaming, LLC Illinois5
- Accel Entertainment LLC Delaware5
- Accel Entertainment, Inc. Delaware5
- Accel Kennedy, LLC Illinois5
- Accel Kinzie, LLC Illinois5
- Accel Momence Watseka LLC Illinois5
- Ace Gaming & Amusements, LLC Louisiana5
All 52 listed subsidiaries
- Bulldog Gaming, LLC Georgia5
- Bulldog Holdings, LLC Georgia5
- Century Gaming, Inc. Montana5
- Elsie LLC Louisiana5
- Fairmount Holdings, Inc. Illinois5
- Fairmount Park, Inc. Delaware5
- Grand River Amusements LLC Illinois5
- Grand River Jackpot, LLC Illinois5
- Grand Vision Gaming LLC Montana5
- Grizzly - 24th Street Station Beverages, LLC Montana5
- Grizzly - Doc & Eddy's Beverages, LLC Montana5
- Grizzly - Doc & Eddy's, LLC Montana5
- Grizzly - Holiday, LLC Montana5
- Grizzly - Jorgenson’s Beverages, LLC Montana5
- Grizzly - Lucky 7's Beverages, LLC Montana5
- Grizzly - Rendezvous Beverages, LLC Montana5
- Grizzly - Rendezvous, LLC Montana5
- Grizzly Hospitality Services, LLC Montana5
- Hawkeye Gaming, LLC Iowa5
- Husker Gaming, LLC Nebraska5
- Old North State Gaming, LLC North Carolina5
- Sporty's LLC Louisiana5
- Toucan Device Owner, LLC Louisiana5
- Toucan Gaming, LLC Delaware5
- United Coin Machine Co. Nevada5
- United Ventures Unlimited, L.L.C. Louisiana5
- WY Properties LLC Louisiana5
- Wildcat Gaming, LLC New Hampshire5
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- TPG Pace Holdings Corp.Feb 28, 2017 to Nov 15, 20194
Timeline
- Aug 11, 2026New chief executive Mark T. Phelan becomes CEO15
- Aug 11, 20268-K Executive or director change45
- Aug 4, 20268-K Results of operations; Regulation FD disclosure46
- Jul 14, 20268-K Executive or director change; Regulation FD disclosure47
- Jul 13, 20268-K Executive or director change48
- May 7, 20268-K Shareholder vote49
- May 5, 20268-K Results of operations; Regulation FD disclosure50
- Mar 3, 20268-K Results of operations; Regulation FD disclosure51
- Feb 3, 20268-K Executive or director change52
- Jan 8, 20268-K Regulation FD disclosure53
- Dec 23, 20258-K Change of auditor54
- Nov 4, 20258-K Results of operations55
- Sep 22, 20258-K Executive or director change; Regulation FD disclosure56
- Nov 22, 2019New chief executive Andrew H. Rubenstein becomes CEO16
- Jun 6, 2019Founded Accel Entertainment, Inc. is founded2
- Jun 27, 2017New chief executive Karl Peterson Mr. becomes CEO17
Calendar
Coming up
- Nov 3, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.21 a share, on Nov 4, 2025.57
When it reported results
- Aug 4, 2026Reported quarterly or annual results46
- May 5, 2026Reported quarterly or annual results50
- Mar 3, 2026Reported quarterly or annual results51
- Nov 4, 2025Reported quarterly or annual results55
- Aug 5, 2025Reported quarterly or annual results58
- May 5, 2025Reported quarterly or annual results59
- Feb 27, 2025Reported quarterly or annual results60
- Jan 17, 2025Reported quarterly or annual results61
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
586 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 52 major events, 375 insider forms, 16 large holders, 1 private raises, 122 other. The latest 20:
- Oct 6, 20263 EDGAR
- Sep 17, 20264 EDGAR
- Sep 17, 20264 EDGAR
- Sep 15, 20264 EDGAR
- Sep 11, 2026144/A EDGAR
- Sep 11, 2026144 EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 2026SCHEDULE 13G EDGAR
- Aug 11, 20264 EDGAR
- Aug 11, 20264 EDGAR
- Aug 11, 20268-K EDGAR
- Aug 7, 20264 EDGAR
- Aug 5, 2026144 EDGAR
- Aug 4, 202610-Q EDGAR
- Aug 4, 20268-K EDGAR
- Jul 24, 20264/A EDGAR
- Jul 21, 20264 EDGAR
- Jul 14, 20263 EDGAR
- Jul 14, 20264 EDGAR
- Jul 14, 20264 EDGAR
The 586 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
197 open-market trades by officers, directors and large owners since October 2021: 2 buys and 195 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 15, 2026 | Kozlik ChristenChief Accounting Officer | Sale | 550 | $11.55 | $6.4K | Form 4 |
| Sep 14, 2026 | Harmer DerekChief Compliance Officer | Sale | 13,162 | $11.60 | $152.7K | Form 4 |
| Sep 11, 2026 | Harmer DerekChief Compliance Officer | Sale | 26,324 | $11.63 | $306.1K | Form 4 |
| Aug 5, 2026 | Rubenstein Andrew H.Director | Sale | 15,000 | $12.64 | $189.6K | Form 4 |
| Jun 15, 2026 | Phelan Mark T.President and CEO | Sale | 25,000 | $13.00 | $325.0K | Form 4 |
| Jun 15, 2026 | Harmer DerekChief Compliance Officer | Sale | 20,000 | $13.00 | $260.0K | Form 4 |
| Jun 1, 2026 | Rubenstein Andrew H.Director | Sale | 25,000 | $12.09 | $302.2K | Form 4 |
| May 11, 2026 | WARDINSKI BRUCE DDirector | Buy | 50,000 | $11.55 | $577.5K | Form 4 |
| May 8, 2026 | Rubenstein GordonDirector | Sale | 12,931 | $11.55 | $149.4K | Form 4 |
| May 7, 2026 | Rubenstein GordonDirector | Sale | 46,346 | $11.34 | $525.6K | Form 4 |
| Apr 1, 2026 | Rubenstein Andrew H.Director | Sale | 45,000 | $11.05 | $497.2K | Form 4 |
| Mar 17, 2026 | Rubenstein Andrew H.Director | Sale | 3,938 | $11.23 | $44.2K | Form 4 |
| Mar 16, 2026 | Rubenstein Andrew H.Director | Sale | 36,062 | $11.21 | $404.3K | Form 4 |
| Mar 13, 2026 | Harmer DerekChief Compliance Officer | Sale | 20,000 | $11.39 | $227.8K | Form 4 |
| Mar 12, 2026 | Rubenstein GordonDirector | Sale | 176,709 | $11.37 | $2.0M | Form 4 |
| Mar 11, 2026 | Rubenstein GordonDirector | Sale | 160,561 | $11.38 | $1.8M | Form 4 |
| Mar 10, 2026 | Ruttenberg David W.Director | Sale | 10,000 | $11.53 | $115.3K | Form 4 |
| Mar 10, 2026 | Rubenstein GordonDirector | Sale | 180,671 | $11.48 | $2.1M | Form 4 |
| Mar 10, 2026 | Harmer DerekChief Compliance Officer | Sale | 2,092 | $11.45 | $24.0K | Form 4 |
| Mar 9, 2026 | Rubenstein GordonDirector | Sale | 228,262 | $11.37 | $2.6M | Form 4 |
All 197 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- CIBC Private Wealth Group LLCSCHEDULE 13G/A, 2 filings Aug 14, 202662
- Greenvale Capital LLPSCHEDULE 13G/A, 3 filings Feb 11, 2022 to Feb 17, 202663
- BlackRockSCHEDULE 13G/A, 4 filings Feb 13, 2023 to Apr 29, 202564
- AMERICAN CENTURY INVESTMENT MANAGEMENT INCSC 13G/A, 2 filings Feb 8, 2023 to Feb 12, 202465
- DARLINGTON PARTNERS CAPITAL MANAGEMENT, LPSC 13G/A, 3 filings Feb 9, 2022 to Feb 1, 202466
- CLAIRVEST GROUP INCSC 13D/A, 1 filing Apr 25, 202367
- LIGHT STREET CAPITAL MANAGEMENT, LLCSC 13G/A, 1 filing Feb 14, 202268
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Andrew RubensteinChief Executive Officer | 57 | $948.1K | $3.6M69 |
| 2025 | Mark PhelanPresident, U.S. Gaming | 56 | $515.5K | $1.5M69 |
| 2025 | Derek HarmerChief Compliance Officer | 57 | $461.2K | $1.1M69 |
| 2025 | Scott LevinChief Legal Officer & Secretary | 63 | $356.7K | $943.0K69 |
| 2025 | Brett SummererChief Financial Officer | 49 | $106.2K | $616.6K69 |
| 2025 | Mathew EllisChief Financial Officer (Former) | $177.8K | $556.5K69 | |
| 2024 | Andrew RubensteinChief Executive Officer | 57 | $935.6K | $3.8M69 |
| 2024 | Mark PhelanPresident, U.S. Gaming | 56 | $478.3K | $1.5M69 |
| 2024 | Derek HarmerChief Compliance Officer | 57 | $455.1K | $1.3M69 |
| 2024 | Mathew EllisChief Financial Officer (Former) | $389.4K | $1.0M69 | |
| 2023 | Andrew RubensteinChief Executive Officer | 57 | $880.3K | $5.8M69 |
| 2023 | Derek HarmerChief Compliance Officer | 57 | $435.6K | $1.6M69 |
| 2023 | Mark PhelanPresident, U.S. Gaming | 56 | $434.6K | $1.4M69 |
| 2023 | Mathew EllisChief Financial Officer (Former) | $366.2K | $969.5K69 |
Money raised
Private offerings the company reported to the SEC on Form D.
- Jun 1, 2022Raised $5.5 million in a private offering of equity Form D: 3 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Accel Entertainment, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARAccel Entertainment, Inc.1
- CIK0001698991
- Employer ID (EIN)98-13502616
- Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company6
- Incorporated inDelaware6
- Fiscal year endsDecember 311
- Industry code (SIC)7900 Services-Amusement & Recreation Services1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address140 Tower Drive, Burr Ridge, IL 605271
- Phone630-972-22351
- Shares outstanding81,193,475 as of Jul 31, 202613
- Public float$651.0M as of Jun 30, 20256
- AuditorKPMG LLP, Chicago, Illinois PCAOB ID 185; it also attests to the company’s internal control over financial reporting6
- On EDGAR sinceFeb 28, 20171
- Filings902 in all: 4 (473), 144 (100), 8-K (95), 3 (30), 10-Q (28), SC 13G/A (24), SC 13G (15), 425 (14)1
All 47 form types
10-K (9), 424B3 (8), CORRESP (8), DEF 14A (8), DEFA14A (8), EFFECT (7), UPLOAD (6), 144/A (5), 3/A (4), 4/A (4), SC 13D/A (4), 8-K/A (3), ARS (3), S-1 (3), S-1/A (3), S-4/A (3), S-8 (3), SCHEDULE 13G/A (3), 10-K/A (2), 25-NSE (2), 424B4 (2), DRS (2), POS AM (2), PRE 14A (2), S-4 (2), SC 13D (2), SC TO-I/A (2), SEC STAFF LETTER (2), 5 (1), 8-A12B (1), CERTNYS (1), D (1), DRS/A (1), DRSLTR (1), RW (1), S-1MEF (1), S-3 (1), SC TO-I (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (10-K) Mar 3, 2026
Quarterly report (10-Q) Aug 4, 2026
Proxy statement (DEF 14A) Mar 19, 2026
Latest 8-K (8-K) Aug 11, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A-1 Common Stock, par value $.0001 per share | ACEL | The New York Stock Exchange |
From the cover page of the 10-K filed Mar 3, 2026 (Section 12(b) of the Exchange Act).6
Risk factors and legal proceedings
The risks Accel Entertainment, Inc. names in Item 1A of its 10-K filed Mar 3, 2026: 29 risks under these headings, as written.6
- Risks Related to Our Business and Industry
- Our ability to operate in existing markets and to expand into new jurisdictions depends on obtaining, maintaining and renewing a complex set of licenses and regulatory approvals, which vary widely by jurisdiction and can be extensive.
- Our revenue growth and future success depends on successfully entering and scaling in new markets and introducing new and appealing products and services amid uncertain market demand and regulatory outcomes, none of which is assured.
- We face significant competition from other gaming and entertainment operations, and our success in part relies on maintaining our competitive advantages and market share in key markets.
- We depend heavily on our ability to win, maintain and renew contracts with our location partners, and we could lose substantial revenue if we are unable to renew certain of our contracts on substantially similar terms or at all.
- If we fail to offer a high-quality experience, our business and reputation may suffer.
- Our revenue growth and ability to achieve and sustain profitability will depend, in part, on being able to expand our sales force and increase the productivity of our sales force.
- Our inability to complete acquisitions and integrate acquired businesses successfully could limit our growth or disrupt our plans and operations.
- Our expansion into casino operations and horse racing may not be successful.
- Our distributed gaming industry operations are located in markets where terminal revenue splits are either statutorily determined or negotiated. For our markets with negotiated splits, our revenue could be impacted by contract negotiations and our revenue in markets with statutory splits could decline if such jurisdictions move towards negotiated splits or reduce our statutory split.
- Our results of operations are highly sensitive to discretionary consumer spending and broader macroeconomic and socio-political conditions; our concentration in Illinois, Montana and Nevada heightens exposure to local conditions.
- Our operations are largely dependent on the skill and experience of our management and key personnel, and the loss of management and other key personnel could negatively affect our business.
The other 18 risks
- We rely on assumptions and estimates to calculate certain key metrics, and real or perceived inaccuracies in such metrics may harm our reputation and negatively affect our business.
- Our results of operations, cash flows and financial condition could be affected by natural disasters or other events outside our control in the locations in which we or our location partners, suppliers or regulators operate.
- Our operations have historically been subject to seasonal fluctuations in operating results, and we can expect to experience such fluctuations in the future.
- Risks Related to Compliance and Regulatory Matters
- We are subject to strict government regulations that are constantly evolving and may be amended, repealed, or subject to new interpretations, which may limit our existing operations, have an adverse impact on our ability to grow or may expose us to fines or other penalties.
- Our success depends on the security, integrity and regulatory compliance of our products, services and systems; technical incidents, cyber events, product defects or integrity failures could result in regulatory action, liability and reputational harm.
- We may be liable for product defects or other claims relating to our products that we provide to our location partners.
- Litigation may adversely affect our business, results of operations, cash flows and financial condition.
- If our estimates or judgments relating to accounting policies prove to be incorrect or financial reporting standards or interpretations change, our operating results could be adversely affected.
- Our business depends on the protection of trademarks and other intellectual property.
- We may not be able to capitalize on trends and changes in the gaming industries, including changes due to laws and regulations governing these industries, and efforts to curtail the expansion of legalized gaming, if successful, could limit our growth of operations.
- Risks Related to our Financial Condition
- We may not have sufficient cash flows from operating activities, cash on hand and available borrowings under the New Credit Facility to finance our required capital expenditures under new gaming or amusement contracts and to meet our other cash needs.
- Our level of indebtedness could adversely affect our results of operations, cash flows and financial condition.
- We may not have sufficient cash flows from operating activities to service all of our indebtedness and other obligations, and may be forced to take other actions to satisfy obligations, which may not be successful.
- The agreements governing our indebtedness impose certain restrictions that may affect the ability to operate our business. Failure to comply with any of these restrictions could result in the acceleration of the maturity of our indebtedness and require us to make payments on our indebtedness. Were this to occur, we may not have sufficient cash to pay our accelerated indebtedness.
- Risks Related to Our Common Stock
- Clairvest Group Inc. (“Clairvest”) and members of the Rubenstein Family own a significant portion of Common Stock and have representation on the Board, which could limit the ability of other stockholders to influence corporate matters.
- Holders of our Class A-1 common stock are subject to certain gaming regulations, and if a holder is found unsuitable by a gaming authority, that holder would not be able to, directly or indirectly, beneficially own our Class A-1 common stock.
- The market price of our securities may be volatile, including as a result of future issuances of debt securities and equity securities, which may depress our stock price and be dilutive to existing stockholders.
- Provisions in our Charter and Bylaws designate certain state and federal courts as the exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders or that arise under the Securities Act, which may discourage stockholders from bringing such claims.
Legal proceedings
Information required by this Item is incorporated by reference from the discussion in Note 20, Commitments and Contingencies, of the consolidated financial statements included in Part II, Item 8 of this Annual Report on Form 10-K.
The opening of Item 3, Legal Proceedings.6
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3Yahoo FinanceACEL quote
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- 18SEC EDGARMark T. Phelan, President
- 19SEC EDGARRyan Hammer, President
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- 27SEC EDGARBrian Sampias, Controller
- 28SEC EDGARDerek Harmer, Secretary
- 29
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- 31SEC EDGARBruce D. Wardinski, Board member
- 32SEC EDGARCheryl Kondra, Board member
- 33SEC EDGARDee M. Robinson, Board member
- 34SEC EDGARDavid W. Ruttenberg, Board member
- 35SEC EDGARGordon Rubenstein, Board member
- 36SEC EDGARKenneth Rotman, Board member
- 37SEC EDGAREden Godsoe, Board member
- 38SEC EDGARChad A. Leat, Board member
- 39SEC EDGARDavid Bonderman, Board member
- 40SEC EDGARKathleen Philips, Board member
- 41
- 42SEC EDGARRobert Suss, Board member
- 43SEC EDGARScott D. Levin, General counsel
- 44
- 45SEC EDGARExecutive or director change
- 46
- 47
- 48SEC EDGARExecutive or director change
- 49SEC EDGARShareholder vote
- 50
- 51
- 52SEC EDGARExecutive or director change
- 53SEC EDGARRegulation FD disclosure
- 54SEC EDGARChange of auditor
- 55SEC EDGARResults of operations
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- 57NasdaqNasdaq calendar
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