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GLXZ on OTC

Galaxy Gaming, Inc.

Amusement and recreation services company, listed on OTC (GLXZ)1

In its 2026 annual report the company says: “We are an established global gaming company specializing in the design, development, acquisition, assembly, marketing and licensing of proprietary casino table games, side bets, and associated technology, platforms and systems for the casino and iGaming industries. We market our products and services to online and land-based casinos worldwide with products currently present in North America, the Caribbean, Central America, the United Kingdom, Europe, Africa, and to cruise ships exploring the world's oceans.”11 It is headquartered in Las Vegas, Nevada.1

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Last updated Oct 21, 2026.

Overview

Compare with Dover Motorsports Incorporated, Esports Entertainment Group or GameSquare Holdings, Inc., or pick any stock.

  • TickerGLXZ on OTC1
  • IndustryServices-Amusement & Recreation Services1
  • HeadquartersLas Vegas, Nevada1
  • Business address6480 Cameron Street, Suite 305, Las Vegas, Nv 891182
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

26.5%Operating margin3
4.8%Net margin3
-2.7%Revenue growth, 20253
$7.6MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Total Core Revenue brought in 62% of the revenue Galaxy Gaming, Inc. broke down this way in fiscal 2025.

  1. Total Core Revenue$19.2M362%down 10% from 2024
  2. Total Digital Revenue$11.7M338%up 13% from 2024
Products and services by year
Products and services20242025
Total Core Revenue$21.4M$19.2M
Total Digital Revenue$10.4M$11.7M

Regions

Americas brought in 55% of the revenue Galaxy Gaming, Inc. broke down this way in fiscal 2025.

  1. Americas$17.0M355%down 11% from 2024
  2. EMEA$13.9M345%up 10% from 2024
Regions by year
Regions20242025
Americas$19.1M$17.0M
EMEA$12.6M$13.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue3¢$780.4K
  • Research and development3¢$931.3K
  • Selling, general and admin56¢$17.2M
  • Other costs33¢$10.3M
  • Income tax0¢$144.3K
  • Profit5¢$1.5M

Out of $30.9M in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Capital spending2¢$122.9K
  • Kept or used elsewhere98¢$7.6M

Out of $7.7M of cash from operations.3

Financial statements

Revenue456783$30.9M in 2025+45% since 2019
0$10.0M$20.0M$30.0M$40.0M2019: $21.3M$21.3M20192020: $10.2M$10.2M2020−52%2021: $20.0M$20.0M2021+95%2022: $23.4M$23.4M2022+17%2023: $27.8M$27.8M2023+19%2024: $31.7M$31.7M2024+14%2025: $30.9M$30.9M2025−3%
Operating income456783$8.2M in 2025+101% since 2019
-$5.0M0$5.0M$10.0M2019: $4.1M$4.1M20192020: -$2.3M-$2.3M20202021: $4.3M$4.3M20212022: $6.1M$6.1M2022+40%2023: $6.7M$6.7M2023+11%2024: $5.7M$5.7M2024−15%2025: $8.2M$8.2M2025+43%
Net income456783$1.5M in 2025−50% since 2019
-$4.0M-$2.0M0$2.0M$4.0M2019: $2.9M$2.9M20192020: -$2.2M-$2.2M20202021: $2.1M$2.1M20212022: -$1.8M-$1.8M20222023: -$1.8M-$1.8M2023+2%2024: -$2.6M-$2.6M2024+45%2025: $1.5M$1.5M2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.3

Period ending2025-12-312024-12-31
Total revenue$30.9M$31.7M
Cost of ancillary products and assembled components$780.4K$1.5M
Selling, general and administrative$17.2M$19.7M
Research and development$931.3K$1.1M
Depreciation and amortization$3.2M$2.9M
Stock-based compensation$540.4K$919.6K
Total costs and expenses$22.7M$26.0M
Income from operations$8.2M$5.7M
Interest income$45.7K$780.9K
Interest expense-$3.6M-$9.1M
Foreign currency exchange (loss) gain-$39.9K$13.9K
Loss on extinguishment of debt-$3.0M$0
Total other expense, net-$6.6M-$8.3M
Income (loss) before provision for income taxes$1.6M-$2.6M
Provision for income taxes-$144.3K-$57.6K
Net income (loss)$1.5M-$2.6M
Foreign currency translation adjustment$380.6K-$159.5K
Comprehensive income (loss)$1.9M-$2.8M
Basic$0.06-$0.10
Diluted$0.06-$0.10
Basic26.0M shares25.7M shares
Diluted26.2M shares25.7M shares

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Corporate structure

Galaxy Gaming, Inc. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Galaxy Gaming, Inc.

  • CANNELL CAPITAL LLC Filed SCHEDULE 13G on Galaxy Gaming, Inc., latest May 15, 2026 (5 filings since Feb 13, 2024)
  • Topline Capital Management, LLC Filed SCHEDULE 13G/A on Galaxy Gaming, Inc., latest Apr 10, 2025 (2 filings since Feb 10, 2025)
  • Tice Brown Filed SC 13D/A on Galaxy Gaming, Inc., latest Apr 26, 2022 (2 filings since Apr 1, 2022)
  • Galaxy Gaming, Inc. Las Vegas, Nevada

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Galaxy Gaming, 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

ItemLatestA year beforeChange
Property and equipment, before depreciation$534.0K3 Dec 31, 2025$447.4K3 Dec 31, 2024+19.4%
Accumulated depreciation$415.9K3 Dec 31, 2025$377.5K3 Dec 31, 2024+10.2%
Property and equipment, net$118.1K3 Dec 31, 2025$69.9K3 Dec 31, 2024+68.9%
Operating-lease assets (leased space)$280.4K3 Dec 31, 2025$533.2K3 Dec 31, 2024−47.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$4.3M3 Dec 31, 2025$18.1M3 Dec 31, 2024−76.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.1M3 Dec 31, 2025$1.1M3 Dec 31, 20240%
Indefinite-lived intangibles (excluding goodwill)$1.1M3 Dec 31, 2025$153.7K3 Dec 31, 2024+633.4%
Accumulated amortization$26.0M3 Dec 31, 2025$23.8M3 Dec 31, 2024+9.3%
Finite-lived intangibles, net$10.2M3 Dec 31, 2025$11.4M8 Dec 31, 2024−10.6%

Properties, in its own words

We do not own any real property used in the operation of our current business. We maintain our corporate office at 6480 Cameron Street, Suite 305, Las Vegas, Nevada, where we currently occupy approximately 14,000 square feet of combined office and warehouse space. We also maintain a small warehouse and service facility in Kent, Washington and a small office in Richland, Washington. See Note 8 to our audited financial statements included in Item 8 “Financial Statements and Supplementary Financial Information” for further details.

Item 2 of the 10-K filed Mar 30, 2026.11

Leadership

Who has led Galaxy Gaming, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Robert B. Saucier2009–2017
  2. Todd P. Cravens2017–2023
  3. Matthew David Reback2023

President

  1. Matthew David Reback2023

Chief financial officer

  1. Munjit Johal2006
  2. Robert B. Saucier2009–2012
  3. Gary Anthony Vecchiarelli2013–2016
  4. Harry C. Hagerty Iii.2017–2023
  5. Steven Kopjo2024

Chief operating officer

  1. William E. O'Hara2009
2010201520202025
Board members and other officers (12)

Former names

  • SECURED DIVERSIFIED INVESTMENT LTDAug 15, 2005 to Aug 19, 20092
  • SECURED DIVERSIFIED INVESTMENT LTDSep 24, 2002 to Jun 7, 20052
  • BOOK CORP OF AMERICAMay 18, 2000 to Sep 19, 20022

Timeline

  1. Sep 25, 20268-K Entered a material agreement; New debt or obligation30
  2. Sep 21, 20268-K Entered a material agreement; Executive or director change31
  3. Sep 10, 20268-K Entered a material agreement; Executive or director change32
  4. Aug 17, 20268-K Entered a material agreement; Regulation FD disclosure33
  5. Jul 30, 20268-K Entered a material agreement; New debt or obligation34
  6. Jul 22, 20268-K Results of operations35
  7. Jul 22, 20268-K Other events36
  8. Jul 21, 20268-K Ended a material agreement; Regulation FD disclosure37
  9. Jul 20, 20268-K Regulation FD disclosure38
  10. Mar 5, 20268-K Other events39
  11. Nov 25, 20258-K Entered a material agreement; Regulation FD disclosure40
  12. Oct 23, 20258-K Other events41
  13. Dec 21, 2023New chief executive Matthew David Reback becomes CEO12
  14. Aug 9, 2017New chief executive Todd P. Cravens becomes CEO13
  15. Sep 10, 2009New chief executive Robert B. Saucier becomes CEO14

Calendar

When it reported results

  1. Jul 22, 2026Reported quarterly or annual results35
  2. Mar 28, 2024Reported quarterly or annual results42
  3. Aug 15, 2023Reported quarterly or annual results43
  4. May 15, 2023Reported quarterly or annual results44
  5. Apr 4, 2023Reported quarterly or annual results45
  6. Nov 15, 2022Reported quarterly or annual results46
  7. Aug 17, 2022Reported quarterly or annual results47
  8. May 16, 2022Reported quarterly or annual results48

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

221 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 57 major events, 117 insider forms, 9 large holders, 16 other. The latest 20:

  1. Oct 9, 20264 EDGAR
  2. Oct 2, 20264 EDGAR
  3. Oct 2, 20264 EDGAR
  4. Oct 2, 20264 EDGAR
  5. Sep 25, 20268-K EDGAR
  6. Sep 21, 20268-K EDGAR
  7. Sep 10, 20268-K EDGAR
  8. Aug 17, 20268-K EDGAR
  9. Aug 10, 202610-Q EDGAR
  10. Jul 30, 20268-K EDGAR
  11. Jul 22, 20268-K EDGAR
  12. Jul 22, 20268-K EDGAR
  13. Jul 21, 20268-K EDGAR
  14. Jul 20, 20268-K EDGAR
  15. May 15, 2026SCHEDULE 13G EDGAR
  16. May 11, 202610-Q EDGAR
  17. Mar 30, 202610-K EDGAR
  18. Mar 5, 20268-K EDGAR
  19. Jan 5, 20264 EDGAR
  20. Jan 5, 20264 EDGAR

The 221 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

4 open-market trades by officers, directors and large owners since October 2021: 4 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 12, 2022HAGERTY HARRY C IIICFOBuy10,000$2.50$25.0KForm 4
Sep 15, 2022HAGERTY HARRY C IIICFOBuy2,000$2.77$5.5KForm 4
Sep 13, 2022HAGERTY HARRY C IIICFOBuy2,000$2.80$5.6KForm 4
Sep 6, 2022HAGERTY HARRY C IIICFOBuy3,000$2.87$8.6KForm 4

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.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Diversified Investment Strategies, LLC220,000$371.3K0.2%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Galaxy Gaming, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGalaxy Gaming, Inc.1
  • CIK0000013156
  • Employer ID (EIN)20-814343911
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company11
  • Incorporated inNevada11
  • Fiscal year endsDecember 311
  • Industry code (SIC)7900 Services-Amusement & Recreation Services1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address6480 Cameron Street, Suite 305, Las Vegas, NV 891181
  • Phone702-939-32541
  • Shares outstanding25,023,865 as of Jul 31, 202610
  • Public float$70.3M as of Jun 30, 202511
  • AuditorBaker Tilly, US LLP, San Diego, California PCAOB ID 23; no auditor attestation of internal control over financial reporting11
  • On EDGAR sinceMay 18, 20001
  • Filings748 in all: 4 (276), 8-K (179), 10-Q (56), 10QSB (22), NT 10-Q (22), 10-K (18), 3 (17), 5 (13)1
    All 49 form types

    UPLOAD (13), 8-K/A (11), NT 10-K (10), 10KSB (8), DEF 14A (8), DEFA14A (8), 4/A (7), SC 13D (7), 10QSB/A (5), DEF 14C (5), 10-K/A (4), 10-Q/A (4), CORRESP (4), PRE 14A (4), PRE 14C (4), S-8 (4), SC 13D/A (4), SC 13G/A (4), SCHEDULE 13G/A (4), SC 13G (3), 10KSB/A (2), ARS (2), PRER14C (2), 10-KT (1), 10SB12G (1), 10SB12G/A (1), 3/A (1), D (1), DEFC14A (1), DEFM14A (1), DEFR14A (1), DFAN14A (1), DFRN14A (1), NTN 10K (1), NTN 10Q (1), PREC14A (1), PREM14A (1), PRER14A (1), PRRN14A (1), REGDEX (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 30, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Apr 26, 2024
    Latest 8-K (8-K) Sep 25, 2026

Securities registered for trading

ClassSymbolExchange
Common stockGLXZ

From the cover page of the 10-K filed Mar 30, 2026 (Section 12(b) of the Exchange Act).11

Risk factors and legal proceedings

The risks Galaxy Gaming, Inc. names in Item 1A of its 10-K filed Mar 30, 2026: 5 risks under these headings, as written.11

  • The pendency of our agreement to be acquired by Parent may have an adverse effect on our business, operating results and our stock price, and may result in the loss of employees, customers, suppliers, and other business partners.
  • While the Merger is pending, we are subject to contractual restrictions that could harm our business, operating results and our stock price.
  • The failure to complete the Merger within the expected timeframe or at all may adversely affect our business and our stock price.
  • The Merger Agreement with Parent limits our ability to pursue alternative transactions which could deter a third party from proposing an alternative transaction.
  • We and our directors may be subject to litigation challenging the Merger, and an unfavorable judgment or ruling in any such lawsuits could prevent or delay the consummation of the Merger and/or result in substantial costs.

Legal proceedings

We have been named in and have brought lawsuits in the normal course of business. See Note 10 to our audited financial statements included in Item 8 “Financial Statements and Supplementary Financial Information” for further details.

The opening of Item 3, Legal Proceedings.11

Sources

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