Table Trac (TBTC) AI Stock Analysis

• Market Cap: $18.57M
• Dividend Yield: 2.04%
• Average Volume (3M): 3.32K
• Price to Earnings (P/E): 13.4
• Beta (1Y): 0.67
• Revenue Growth: 1.95%
• EPS Growth: -11.82%
• Country: US
• Employees: 38
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): 0.01
• Shares Outstanding: 4,641,523
• 10 Day Avg. Volume: 6,903
• 30 Day Avg. Volume: 3,320
• PEG Ratio: 0.00
• Price to Book (P/B): 1.48
• Price to Sales (P/S): 1.51
• P/FCF Ratio: 8.95
• Enterprise Value/Market Cap: 0.72
• Enterprise Value/Revenue: 1.20
• Enterprise Value/Gross Profit: 1.65
• Enterprise Value/Ebitda: 8.98
• 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: 62 Neutral
• Price Target: $4.50 ▲(12.50% Upside)
• Action: Downgraded Date: 01/27/26
• Date: Action: Downgraded 01/27/26

The score is primarily supported by solid profitability and a strong, low-leverage balance sheet, plus a reasonable valuation. It is held back by weak recent cash flow and revenue trends, and a technically soft longer-term price trend despite neutral near-term momentum.

Positive Factors

High Gross Margin

A 71.97% gross margin indicates durable unit economics and pricing power in Table Trac's software business, supporting long-term profitability. High margins give flexibility to invest in product development and customer support without eroding core earnings.

Very Low Leverage

Extremely low debt-to-equity (0.038) provides financial resilience and optionality for strategic investment, acquisitions, or capital returns. Conservative leverage reduces refinancing risk and supports stability through industry cycles over the medium term.

Contracted Deployments / Partnership

A multi-facility deployment with S&K Gaming represents recurring-license and service revenue potential and deepens market footprint with a tribal operator. Such contractual rollouts support predictable revenue streams and customer stickiness over multiple quarters.

Negative Factors

Sharp Free Cash Flow Decline

An ~85% drop in free cash flow materially weakens the company's internal funding ability for R&D, implementation, and capital returns. Persistently depressed FCF would constrain growth investments and could force reliance on external financing, raising risk.

Revenue Contraction

A multi-quarter revenue decline signals demand or market-share pressure in core casino software offerings. Without reversal, shrinking top-line makes sustaining operating margins and funding expansion more difficult, risking longer-term growth trajectory.

Negative EPS Growth Trend

Negative EPS growth of ~11.8% reflects earnings deterioration relative to prior periods, which may indicate pressure on operating leverage or episodic items. Continued EPS decline undermines reinvestment capacity and weakens confidence in sustained profitability.

Table Trac Business Overview & Revenue Model

Company Description

Table Trac, Inc. designs, develops, and sells casino information and management systems in the United States, Australia, Japan, the Caribbean, and Central and South America. It offers Table Trac, an information and management system that automates and monitors the operations of casino table game operations, as well as adds functionality to related casino system modules for guest rewards and loyalty club, marketing analysis, guest service, promotions, administration/management, vault/cage management, and audit/accounting tasks. The company also provides system sales services comprising installation, custom casino system configuration, and training; and technical support services to casinos. Table Trac, Inc. was incorporated in 1995 and is based in Minnetonka, Minnesota.

How the Company Makes Money

Table Trac generates revenue primarily through the sale and licensing of its software solutions and related services. Key revenue streams include initial software sales, subscription fees for ongoing access to its casino management systems, and maintenance contracts that provide customers with technical support and updates. The company may also earn revenue from consulting services and system installations. Additionally, partnerships with casinos and gaming operators enhance its market reach and contribute to its earnings by establishing long-term contracts for software usage and support.

Table Trac Financial Statement Overview

Summary

Profitability is solid (71.97% gross margin and 14.58% net margin TTM) and leverage is very low (debt-to-equity 0.038 TTM), but revenue declined (-3.56% TTM) and free cash flow fell sharply (-85.26% TTM), which meaningfully tempers the financial strength.

Income Statement

Table Trac's income statement shows a strong gross profit margin of 71.97% TTM, indicating efficient cost management. However, the company experienced a revenue decline of 3.56% TTM, which is a concern. The net profit margin remains healthy at 14.58% TTM, but the EBIT margin has slightly decreased to 15.23% TTM, suggesting some pressure on operating profitability.

Balance Sheet

The balance sheet is solid with a low debt-to-equity ratio of 0.038 TTM, reflecting conservative leverage. Return on equity is decent at 12.05% TTM, although it has declined from previous years. The equity ratio is strong, indicating a stable financial position with a high proportion of equity financing.

Cash Flow

Cash flow analysis reveals challenges, with a significant decline in free cash flow growth of -85.26% TTM. However, the operating cash flow to net income ratio is robust at 3.96 TTM, indicating good cash generation relative to earnings. The free cash flow to net income ratio is also strong at 0.95 TTM.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Mar 2021
Income Statement
Total Revenue	11.15M	11.16M	9.49M	11.06M	6.97M	4.40M
Gross Profit	8.10M	7.89M	7.05M	6.95M	5.07M	3.33M
EBITDA	1.48M	1.74M	1.68M	2.03M	1.53M	-299.69K
Net Income	1.45M	1.58M	1.61M	1.62M	1.71M	306.89K
Balance Sheet
Total Assets	13.64M	13.52M	11.74M	10.67M	9.00M	5.30M
Cash, Cash Equivalents and Short-Term Investments	8.26M	6.89M	4.99M	4.85M	4.99M	1.73M
Total Debt	885.11K	516.79K	241.05K	153.42K	175.16K	49.68K
Total Liabilities	1.39M	2.06M	1.84M	2.40M	2.47M	610.39K
Stockholders Equity	12.25M	11.46M	9.90M	8.28M	6.53M	4.69M
Cash Flow
Free Cash Flow	1.83M	1.89M	355.52K	-63.88K	2.80M	-5.29K
Operating Cash Flow	1.88M	2.02M	394.94K	-63.88K	2.80M	-5.29K
Investing Cash Flow	2.54M	-3.11M	-1.56M	-58.91K	-57.00K	0.00
Financing Cash Flow	-316.91K	-139.05K	-135.98K	-95.11K	473.40K	473.40K

Table Trac Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TBTC, the sentiment is Positive. The current price of 4 is below the 20-day moving average (MA) of 4.11, below the 50-day MA of 4.02, and below the 200-day MA of 4.54, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 54.97 is Neutral, neither overbought nor oversold. The STOCH value of 36.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TBTC.

Table Trac Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INSE	69 Neutral	$221.34M	4.13	―	―	4.03%	―
TBTC	62 Neutral	$18.57M	13.39	12.49%	2.04%	1.95%	-11.82%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
CPHC	56 Neutral	$79.09M	-56.24	-1.64%	1.85%	-4.85%	-129.08%
FLL	51 Neutral	$80.91M	-2.00	-121.54%	―	7.45%	5.03%
ROLR	50 Neutral	$46.07M	-13.05	-78.26%	―	3.80%	59.04%
CNTY	45 Neutral	$49.17M	-0.38	―	―	-1.57%	-80.41%

Table Trac Corporate Events

Table Trac Declares One-Time Special Cash Dividend

On January 23, 2026, Table Trac Inc.’s board of directors declared a one-time special cash dividend of $0.10 per share on its common stock, payable on March 6, 2026 to shareholders of record as of February 20, 2026. The move, announced publicly on January 26, 2026, signals the company’s strong balance sheet, consistent operating performance and disciplined capital allocation, and underscores board and management confidence in Table Trac’s financial health, long-term strategy and capacity to both return capital to shareholders and continue investing in innovation, growth initiatives and operational improvements across its global casino systems business.

The most recent analyst rating on (TBTC) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Table Trac stock, see the TBTC Stock Forecast page.