Light & Wonder, Inc. (LNW) — Financial statements
Income statement, balance sheet, and cash flow for Light & Wonder, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 3,314↑4.0% | 3,188↑9.9% | 2,902↑15.5% | 2,512↑16.7% | 2,153 | |
| Cost of Revenue | 0.00↓100.0% | 931↑6.8% | 872↑18.2% | 738↑21.2% | 609 | |
| Gross Profit | 0.00↓100.0% | 2,257↑11.2% | 2,030↑14.4% | 1,774↑14.9% | 1,544 | |
| Operating Expenses | ||||||
| R&D Expenses | 252↓3.8% | 262↑14.9% | 228↑4.6% | 218↑14.7% | 190 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 869↓0.3% | 872↑7.9% | 808↑12.7% | 717↑5.6% | 679 | |
| Other Expenses | 1,510↑231.9% | 455↓4.4% | 476↓15.9% | 566↑0.2% | 565 | |
| Operating Expenses | 2,631↑65.6% | 1,589↑5.1% | 1,512↑0.7% | 1,501↑4.7% | 1,434 | |
| Total Costs & Expenses | 2,631↑4.4% | 2,520↑5.7% | 2,384↑6.5% | 2,239↑9.6% | 2,043 | |
| Operating Results | ||||||
| Operating Income | 683↑2.2% | 668↑29.0% | 518↑89.7% | 273↑148.2% | 110 | |
| Depreciation & Amortization | 406↑12.5% | 361↓6.0% | 384↓8.6% | 420↑5.5% | 398 | |
| EBITDA | 1,085↑0.9% | 1,075↑19.7% | 898↑53.8% | 584↑0.3% | 582 | |
| EBIT | 679↓4.9% | 714↑38.9% | 514↑213.4% | 164↓10.9% | 184 | |
| Interest & Other Income | ||||||
| Net Interest Income | -314↓7.2% | -293↑5.2% | -309↑5.5% | -327↑31.6% | -478 | |
| Interest Income | 0.00 | 0.00↓100.0% | 15 | 0.00 | 0.00 | |
| Interest Expense | 314↑7.2% | 293↓9.6% | 324↓0.9% | 327↓31.6% | 478 | |
| Non-Operating Income | 4↑108.7% | -46↓1250.0% | 4↓96.3% | 109↑247.3% | -74 | |
| Other Income / Expenses | -318↓28.7% | -247↑21.1% | -313↑28.2% | -436↓7.9% | -404 | |
| Income Before Tax | 365↓13.3% | 421↑105.4% | 205↑225.8% | -163↑44.6% | -294 | |
| Income Tax Expense | -89↓204.7% | 85↑240.0% | 25↑92.3% | 13↑104.1% | -318 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 454↑35.1% | 336↑86.7% | 180↑202.3% | -176↓833.3% | 24 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00↓100.0% | 3,873↑958.2% | 366 | |
| Net Income | 454↑35.1% | 336↑106.1% | 163↓95.6% | 3,675↑890.6% | 371 | |
| Bottom-Line Net Income | 454↑35.1% | 336↑106.1% | 163↓95.6% | 3,675↑890.6% | 371 | |
| EPS (Basic) | 5.47↑45.1% | 3.77↑110.6% | 1.79↓95.4% | 38.78↑904.7% | 3.86 | |
| EPS (Diluted) | 5.34↑45.1% | 3.68↑110.3% | 1.75↑194.6% | -1.85↓149.1% | 3.77 | |
| Weighted Average Shares | 83↓6.7% | 89↓2.2% | 91↓3.9% | 95↓1.3% | 96 | |
| Weighted Average Diluted Shares | 85↓6.6% | 91↓2.2% | 93↓2.1% | 95↓3.1% | 98 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.