Galaxy Gaming (GLXZ) AI Stock Analysis

• Market Cap: $38.51M
• Dividend Yield: N/A
• Average Volume (3M): 43.60K
• Price to Earnings (P/E): 17.9
• Beta (1Y): -0.32
• Revenue Growth: -2.27%
• EPS Growth: 64.33%
• Country: US
• Employees: 47
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): 0.04
• Shares Outstanding: 25,334,215
• 10 Day Avg. Volume: 59,709
• 30 Day Avg. Volume: 43,604
• PEG Ratio: -0.66
• Price to Book (P/B): -3.55
• Price to Sales (P/S): 2.24
• P/FCF Ratio: 55.08
• Enterprise Value/Market Cap: 1.03
• Enterprise Value/Revenue: 1.32
• Enterprise Value/Gross Profit: 1.39
• Enterprise Value/Ebitda: 5.30
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: $3.00 ▲(3.09% Upside)
• Action: Reiterated Date: 01/13/26
• Date: Action: Reiterated 01/13/26

Overall score is held back primarily by balance-sheet weakness (negative equity) and ongoing net losses, partially offset by positive and improving free cash flow. Technicals are moderately supportive with price trading above key moving averages and positive MACD, while valuation remains unattractive due to the negative P/E. The merger timeline extension is a modest positive but still dependent on regulatory approvals.

Positive Factors

Merger Extension with Evolution

The merger extension with Evolution indicates a strategic commitment to growth and market expansion, potentially enhancing Galaxy's market position and accelerating growth.

Strong Gross Profit Margins

High gross profit margins indicate effective cost control and operational efficiency, supporting long-term profitability despite current financial challenges.

Improvement in Free Cash Flow

Growth in free cash flow suggests improved cash generation ability, providing financial flexibility and supporting future investments or debt reduction.

Negative Factors

High Leverage

High leverage poses a risk to financial stability, limiting the company's ability to invest in growth opportunities and increasing vulnerability to economic downturns.

Declining Revenue Growth

Declining revenue growth indicates challenges in market expansion and product adoption, potentially impacting long-term competitiveness and profitability.

Negative Net Income

Negative net income reflects operational challenges and financial strain, potentially limiting reinvestment in business growth and innovation.

Galaxy Gaming Business Overview & Revenue Model

Company Description

Galaxy Gaming, Inc., a gaming company, designs, develops, acquires, assembles, markets, and licenses proprietary casino table games and associated technology, platforms, and systems for the casino gaming industry. The company's proprietary table games comprise side bets, which are proprietary features and wagering options added to public domain games, such as poker, baccarat, pai gow poker, craps, and blackjack table games under the Lucky Ladies, 21+3, and Bonus Craps titles; and premium games, which are stand-alone games with their own set of rules and strategies under the Heads Up Hold 'em, High Card Flush, Cajun Stud, and Three Card Poker. It also provides enhanced table systems, which include Bonus Jackpot System, an electronic system installed on gaming tables designed to collect data by detecting player wagers and other game activities. In addition, the company offers automated electronic tables and other ancillary equipment, as well as relicenses various game titles to operators of online gaming systems. The company markets its products to online casinos worldwide; land-based casino gaming companies in North America, the Caribbean, Central America, the United Kingdom, Europe, and Africa; and cruise ship companies. Galaxy Gaming, Inc. was founded in 2006 and is headquartered in Las Vegas, Nevada.

How the Company Makes Money

Galaxy Gaming generates revenue primarily through the licensing of its proprietary table games and gaming technology to casinos. The company earns a percentage of the gaming revenue generated from its games, which can include both traditional table games and electronic variations. Additionally, Galaxy Gaming may receive upfront licensing fees and ongoing royalties from its partners. Key revenue streams include game placements in casino venues, ongoing support and maintenance of gaming systems, and potential partnerships with other gaming companies for co-developing new content. The company's success is also bolstered by strong relationships with casino operators and a growing demand for innovative gaming solutions that enhance player engagement and increase casino profitability.

Galaxy Gaming Financial Statement Overview

Summary

Mixed fundamentals: solid and improving TTM free cash flow (cash flow score 70) and strong gross profitability, but revenue is slightly down year-over-year and the company remains net unprofitable (income statement score 42). The largest drag is structural balance-sheet risk from persistently negative stockholders’ equity (balance sheet score 18), despite lower recent debt.

Income Statement

TTM (Trailing-Twelve-Months) revenue is slightly lower versus the prior year, and the company remains unprofitable with a negative net margin. While operating profitability is still positive (positive EBIT and EBITDA), profitability has weakened versus prior annual periods, and earnings quality is pressured by the ongoing net loss. A key strength is consistently very strong gross profitability, but the lack of sustained bottom-line profitability keeps the score below average.

Balance Sheet

The balance sheet is the primary weak point: stockholders’ equity is negative across all periods shown, which materially limits financial flexibility and makes leverage harder to assess in a conventional way. Although total debt is much lower in the TTM (Trailing-Twelve-Months) snapshot versus recent annual periods, the negative equity position remains a major structural risk and weighs heavily on overall balance-sheet quality.

Cash Flow

Cash generation is a relative bright spot. TTM (Trailing-Twelve-Months) operating cash flow and free cash flow are solidly positive, with free cash flow showing strong growth versus the prior annual period. That said, the company is still reporting a net loss, and cash flow metrics suggest cash conversion is not consistently strong year-to-year (including a period of negative free cash flow in 2023), introducing some volatility risk.

Breakdown	TTM	Dec 2024	Dec 2023	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	30.21M	31.74M	27.79M	23.44M	19.98M	10.23M
Gross Profit	28.62M	30.23M	26.53M	23.24M	19.90M	10.16M
EBITDA	7.51M	9.61M	9.85M	8.84M	6.75M	419.62K
Net Income	-912.59K	-2.63M	-1.81M	-1.77M	2.11M	-2.21M
Balance Sheet
Total Assets	26.40M	41.01M	40.48M	42.01M	40.45M	30.57M
Cash, Cash Equivalents and Short-Term Investments	3.33M	18.12M	16.69M	18.24M	16.06M	5.99M
Total Debt	2.86M	55.55M	54.91M	54.98M	54.49M	53.32M
Total Liabilities	45.47M	61.07M	58.72M	59.90M	57.74M	55.37M
Stockholders Equity	-19.06M	-20.05M	-18.24M	-17.89M	-17.29M	-24.80M
Cash Flow
Free Cash Flow	6.26M	1.29M	-1.06M	3.59M	5.74M	-1.65M
Operating Cash Flow	6.54M	4.10M	2.73M	6.39M	6.00M	-1.59M
Investing Cash Flow	-2.66M	-1.62M	-2.96M	-3.42M	-233.73K	-6.46M
Financing Cash Flow	-18.46M	-886.13K	-1.37M	-745.63K	4.36M	4.39M

Galaxy Gaming Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.91
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Positive

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 2.91 is above the 20-day moving average (MA) of 1.82, above the 50-day MA of 2.43, and above the 200-day MA of 2.71, indicating a bearish trend. The MACD of -0.26 indicates Negative momentum. The RSI at 22.03 is Positive, neither overbought nor oversold. The STOCH value of 19.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GLXZ.

Galaxy Gaming Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INSE	69 Neutral	$223.49M	-35.85	―	―	4.03%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
CPHC	56 Neutral	$79.63M	42.77	-1.64%	1.85%	-4.85%	-129.08%
GLXZ	52 Neutral	$38.51M	17.89	13.24%	―	-2.27%	64.33%
FLL	51 Neutral	$83.08M	-3.77	-121.54%	―	7.45%	5.03%
ROLR	50 Neutral	$43.34M	1.62	-78.26%	―	3.80%	59.04%
CNTY	45 Neutral	$47.70M	-1.88	―	―	-1.57%	-80.41%

Galaxy Gaming Corporate Events

Galaxy Gaming Extends Merger Deadline with Evolution

On November 24, 2025, Galaxy Gaming and Evolution Malta Holding Limited extended their merger agreement deadline to July 17, 2026, to allow more time for regulatory approvals. With Mississippi’s approval already secured, the companies anticipate receiving the remaining approvals by the first quarter of 2026, which will enable the merger to proceed. This extension underscores both companies’ commitment to completing the merger, which is expected to enhance Evolution’s market position and accelerate Galaxy Gaming’s growth while maintaining its operational independence.

The most recent analyst rating on (GLXZ) stock is a Sell with a $2.50 price target. To see the full list of analyst forecasts on Galaxy Gaming stock, see the GLXZ Stock Forecast page.