What is Dave & Buster's Entertainment's operating income?

Dave & Buster's Entertainment's total operating income in 2025 was $86.10 million, based on the following breakdown: Total Gross Profit: $1.80 billion Total Operating Expenses: $1.72 billion

Dave & Buster's Entertainment (PLAY) Financials

$6.54 -0.32 (-4.66%)

Closing price 09/17/2026 04:00 PM Eastern

Extended Trading

$6.63 +0.09 (+1.38%)

As of 09/17/2026 07:57 PM Eastern

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Annual Income Statements for Dave & Buster's Entertainment

This table shows Dave & Buster's Entertainment's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/31/2016	1/29/2017	2/4/2018	2/3/2019	2/2/2020	1/31/2021	1/30/2022	1/29/2023	2/4/2024	2/4/2025	2/3/2026
Net Income / (Loss) Attributable to Common Shareholders	59	91	121	117	100	-207	109	137	127	58	-49
Consolidated Net Income / (Loss)	60	91	121	117	100	-207	109	137	127	58	-49
Net Income / (Loss) Continuing Operations	60	91	121	117	100	-207	109	137	127	58	-49
Total Pre-Tax Income	92	144	156	148	127	-290	128	174	163	70	-68
Total Operating Income	110	151	166	161	148	-253	187	263	307	220	86
Total Gross Profit	704	825	943	748	1,121	362	1,099	1,641	1,852	1,818	1,803
Total Revenue	867	1,005	1,140	1,265	1,355	437	1,304	1,964	2,205	2,133	2,103
Operating Revenue	406	1,005	1,140	1,265	1,355	437	1,304	1,964	2,205	2,133	2,103
Total Cost of Revenue	163	180	197	517	233	75	205	323	353	314	300
Operating Cost of Revenue	163	180	197	517	233	75	205	323	353	314	300
Total Operating Expenses	594	674	777	587	973	614	912	1,379	1,546	1,598	1,716
Selling, General & Admin Expense	504	571	651	446	822	464	766	1,195	1,309	1,313	1,378
Depreciation Expense	79	88	103	118	132	139	138	169	209	238	279
Other Operating Expenses / (Income)	-	-	-	-	-	-	-	0.10	9.60	28	40
Other Special Charges / (Income)	12	15	24	23	19	11	8.10	15	18	19	19
Total Other Income / (Expense), net	-18	-6.99	-9.38	-13	-21	-38	-60	-89	-144	-151	-154
Interest Expense	18	6.99	9.38	13	21	38	60	89	144	151	154
Income Tax Expense	32	53	35	31	27	-83	19	37	36	12	-19
Basic Earnings per Share	$1.46	$2.16	$2.93	$3.00	$3.00	($4.75)	$2.26	$2.83	$2.94	$1.49	($1.40)
Weighted Average Basic Shares Outstanding	40.97M	41.95M	41.28M	39.05M	33.45M	43.55M	48.14M	48.49M	43.20M	39.07M	34.67M
Diluted Earnings per Share	$1.39	$2.10	$2.84	$2.93	$2.94	($4.75)	$2.21	$2.79	$2.88	$1.46	($1.40)
Weighted Average Diluted Shares Outstanding	42.78M	43.29M	42.58M	39.98M	34.10M	43.55M	49.26M	49.17M	44.07M	40.01M	34.67M
Weighted Average Basic & Diluted Shares Outstanding	40.60M	42.10M	41.30M	39.10M	30.61M	47.66M	48.57M	48.41M	40.30M	34.52M	34.74M

This table shows Dave & Buster's Entertainment's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	2/4/2024	5/5/2024	8/6/2024	11/5/2024	2/4/2025	5/6/2025	8/5/2025	11/4/2025	2/3/2026	5/5/2026	8/4/2026
Net Income / (Loss) Attributable to Common Shareholders	36	41	40	-33	9.30	22	11	-42	-40	5.70	-13
Consolidated Net Income / (Loss)	36	41	40	-33	9.30	22	11	-42	-40	5.70	-13
Net Income / (Loss) Continuing Operations	36	41	40	-33	9.30	22	11	-42	-40	5.70	-13
Total Pre-Tax Income	50	52	51	-42	8.70	26	14	-56	-52	10	-19
Total Operating Income	90	86	85	6.30	44	63	53	-16	-14	47	19
Total Gross Profit	513	501	475	385	457	486	481	385	451	479	461
Total Revenue	599	588	557	453	535	568	557	448	530	559	544
Operating Revenue	599	588	557	453	535	568	557	448	530	559	544
Total Cost of Revenue	86	87	82	68	78	82	76	64	78	80	83
Operating Cost of Revenue	86	87	82	68	78	82	76	64	78	80	83
Total Operating Expenses	423	415	391	379	413	422	428	401	465	433	442
Selling, General & Admin Expense	359	346	330	317	318	348	358	333	340	354	360
Depreciation Expense	59	63	58	54	64	63	65	63	88	71	74
Other Operating Expenses / (Income)	-	3.60	-0.60	3.30	-	5.30	1.10	0.60	33	1.90	0.90
Other Special Charges / (Income)	5.70	3.30	4.10	5.20	6.10	6.10	4.10	4.70	4.10	5.40	6.70
Total Other Income / (Expense), net	-40	-33	-34	-48	-35	-37	-39	-40	-38	-37	-38
Interest Expense	40	33	34	48	35	37	39	40	38	37	38
Income Tax Expense	14	11	10	-9.10	-0.60	4.70	2.90	-14	-13	4.30	-6.10
Basic Earnings per Share	$1.00	$1.03	$1.02	($0.84)	$0.28	$0.63	$0.33	($1.22)	($1.14)	$0.16	($0.36)
Weighted Average Basic Shares Outstanding	43.20M	40.32M	39.67M	39.11M	39.07M	34.72M	34.52M	34.53M	34.67M	34.66M	34.81M
Diluted Earnings per Share	$0.95	$0.99	$0.99	($0.84)	$0.32	$0.62	$0.32	($1.22)	($1.12)	$0.16	($0.36)
Weighted Average Diluted Shares Outstanding	44.07M	41.64M	40.78M	39.11M	40.01M	35.19M	35.14M	34.53M	34.67M	34.94M	34.81M
Weighted Average Basic & Diluted Shares Outstanding	40.30M	39.56M	39.30M	38.50M	34.52M	34.58M	34.67M	34.68M	34.74M	34.79M	34.83M

This table details how cash moves in and out of Dave & Buster's Entertainment's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/31/2016	1/29/2017	2/4/2018	2/3/2019	2/2/2020	1/31/2021	1/30/2022	1/29/2023	2/4/2024	2/4/2025	2/3/2026
Net Change in Cash & Equivalents	-45	-5.41	-1.29	2.79	3.07	-13	14	156	-144	-30	9.70
Net Cash From Operating Activities	187	231	265	338	289	-49	283	444	364	312	291
Net Cash From Continuing Operating Activities	187	231	265	338	289	-49	283	444	364	312	291
Net Income / (Loss) Continuing Operations	60	91	121	117	100	-207	109	137	127	58	-49
Consolidated Net Income / (Loss)	60	91	121	117	100	-207	109	137	127	58	-49
Depreciation Expense	79	88	103	118	132	139	138	169	209	238	279
Non-Cash Adjustments To Reconcile Net Income	-3.39	-10	12	9.59	9.74	29	32	37	52	66	55
Changes in Operating Assets and Liabilities, net	52	63	29	93	46	-9.76	4.00	101	-23	-50	4.90
Net Cash From Investing Activities	-162	-159	-217	-204	-227	-82	-92	-1,052	-329	-530	-387
Net Cash From Continuing Investing Activities	-162	-159	-217	-204	-227	-82	-92	-1,052	-329	-530	-387
Purchase of Property, Plant & Equipment	-163	-181	-220	-216	-228	-83	-92	-234	-330	-530	-391
Sale of Property, Plant & Equipment	0.13	0.03	0.08	0.37	0.80	0.46	0.70	1.30	1.10	0.40	0.00
Other Investing Activities, net	-	0.00	-	0.54	0.00	0.60	-	-	0.00	0.00	4.50
Net Cash From Financing Activities	-71	-77	-49	-131	-59	118	-178	763	-179	187	106
Net Cash From Continuing Financing Activities	-71	-77	-49	-131	-59	118	-178	763	-179	187	106
Repayment of Debt	-563	-171	-409	-238	-152	-790	-256	-34	-178	-1,279	-786
Repurchase of Common Equity	-	-29	-152	-149	-297	0.00	0.00	-25	-300	-172	-24
Issuance of Debt	468	97	509	265	406	732	83	822	214	1,448	813
Other Financing Activities, net	23	24	1.34	2.68	0.46	-0.44	-4.40	0.20	85	190	102
Cash Interest Paid	11	6.60	7.85	12	20	18	45	69	122	124	127
Cash Income Taxes Paid	8.01	28	43	13	27	-9.35	22	-30	9.70	20	11

This table details how cash moves in and out of Dave & Buster's Entertainment's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	2/4/2024	5/5/2024	8/6/2024	11/5/2024	2/4/2025	5/6/2025	8/5/2025	11/4/2025	2/3/2026	5/5/2026	8/4/2026
Net Change in Cash & Equivalents	-27	-5.20	-19	-4.50	-1.70	5.00	0.10	1.60	3.00	3.00	-3.60
Net Cash From Operating Activities	97	109	102	-7.20	109	96	34	58	103	114	47
Net Cash From Continuing Operating Activities	97	109	102	-7.20	109	96	34	58	103	114	47
Net Income / (Loss) Continuing Operations	36	41	40	-33	9.30	22	11	-42	-40	5.70	-13
Consolidated Net Income / (Loss)	36	41	40	-33	9.30	22	11	-42	-40	5.70	-13
Depreciation Expense	59	63	58	54	64	63	65	63	88	71	74
Non-Cash Adjustments To Reconcile Net Income	8.50	9.80	8.70	30	17	5.10	12	6.70	32	8.70	-1.40
Changes in Operating Assets and Liabilities, net	-6.00	-5.20	-4.70	-59	19	5.80	-54	30	23	29	-13
Net Cash From Investing Activities	-122	-113	-116	-131	-170	-155	-85	-79	-69	-105	-85
Net Cash From Continuing Investing Activities	-122	-113	-116	-131	-170	-155	-85	-79	-69	-105	-85
Purchase of Property, Plant & Equipment	-123	-113	-116	-131	-170	-155	-89	-79	-69	-105	-85
Net Cash From Financing Activities	-2.00	-1.20	-4.90	134	59	64	51	22	-31	-5.50	34
Net Cash From Continuing Financing Activities	-2.00	-1.20	-4.90	134	59	64	51	22	-31	-5.50	34
Repayment of Debt	-72	-78	-188	-791	-222	-202	-238	-178	-168	-157	-237
Issuance of Debt	67	81	189	924	254	290	216	179	128	135	240
Other Financing Activities, net	2.60	5.80	45	29	111	-0.50	73	21	9.40	16	31
Cash Interest Paid	47	36	24	34	30	29	41	37	20	36	35
Cash Income Taxes Paid	9.10	0.10	2.80	17	0.10	-1.40	10	0.30	1.90	0.00	0.30

This table presents Dave & Buster's Entertainment's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/31/2016	1/29/2017	2/4/2018	2/3/2019	2/2/2020	1/31/2021	1/30/2022	1/29/2023	2/4/2024	2/4/2025	2/3/2026
Total Assets	1,004	1,053	1,197	1,273	2,370	2,353	2,346	3,761	3,754	4,016	4,117
Total Current Assets	110	76	95	91	79	119	146	294	138	94	124
Cash & Equivalents	25	20	19	22	25	12	26	182	37	6.90	17
Accounts Receivable	-	-	-	-	-	-	-	22	22	20	19
Inventories, net	20	22	28	27	34	24	40	45	37	40	40
Prepaid Expenses	13	16	19	21	14	12	11	20	18	19	13
Current Deferred & Refundable Income Taxes	34	5.90	4.87	1.88	2.33	70	65	26	23	9.10	35
Plant, Property, & Equipment, net	524	607	726	805	901	815	779	1,180	1,333	1,635	1,719
Total Noncurrent Assets	370	370	376	377	1,391	1,419	1,422	2,287	2,284	2,287	2,274
Goodwill	273	273	273	273	273	273	273	745	743	743	743
Intangible Assets	79	79	79	79	79	79	79	178	178	178	178
Noncurrent Deferred & Refundable Income Taxes	-	2.45	7.79	6.74	7.64	5.87	9.96	0.50	6.00	10	9.00
Other Noncurrent Operating Assets	18	16	16	18	1,031	1,061	1,060	1,364	1,358	1,356	1,344
Total Liabilities & Shareholders' Equity	1,004	1,053	1,197	1,273	2,370	2,353	2,346	3,761	3,754	4,016	4,117
Total Liabilities	657	613	775	885	2,200	2,200	2,070	3,351	3,503	3,870	4,025
Total Current Liabilities	157	178	208	244	291	272	312	438	436	434	435
Short-Term Debt	7.50	7.50	15	15	15	-	0.00	8.50	9.00	7.00	7.00
Accounts Payable	43	55	55	60	65	36	62	85	119	134	126
Accrued Expenses	104	112	135	157	207	235	248	343	306	291	300
Current Deferred & Payable Income Tax Liabilities	2.70	2.69	3.04	12	3.05	0.45	0.53	1.90	2.00	1.80	1.80
Total Noncurrent Liabilities	501	435	568	641	1,910	1,928	1,759	2,913	3,068	3,436	3,591
Long-Term Debt	330	257	351	378	633	596	431	1,223	1,284	1,479	1,515
Noncurrent Deferred & Payable Income Tax Liabilities	35	14	10	15	19	14	12	66	90	73	69
Other Noncurrent Operating Liabilities	10	17	21	24	1,258	1,318	1,315	1,624	1,694	1,884	2,007
Commitments & Contingencies	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	346	439	422	388	170	153	275	411	251	146	91
Total Preferred & Common Equity	346	439	422	388	170	153	275	411	251	146	91
Preferred Stock	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	346	439	422	388	170	153	275	411	251	146	91
Common Stock	281	311	321	332	340	532	549	578	598	611	630
Retained Earnings	66	144	248	354	433	226	335	472	599	658	609
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-0.68	-8.37	-9.09	-3.63	-0.90	-0.90	-1.60	-1.10
Other Equity Adjustments	-0.97	-0.72	-0.25	-	-	-	-	-639	-	-1,121	-1,147

This table presents Dave & Buster's Entertainment's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	4/30/2023	7/30/2023	10/29/2023	5/5/2024	8/6/2024	11/5/2024	5/6/2025	8/5/2025	11/4/2025	5/5/2026	8/4/2026
Total Assets	3,694	3,729	3,698	3,785	3,834	3,941	4,065	4,093	4,131	4,136	4,121
Total Current Assets	208	208	157	138	96	112	113	117	122	131	128
Cash & Equivalents	92	83	64	32	13	8.60	12	12	14	20	16
Accounts Receivable	20	23	20	21	16	22	29	24	17	14	16
Inventories, net	48	44	43	38	37	38	41	39	40	40	39
Prepaid Expenses	27	25	23	34	25	21	30	27	19	23	23
Current Deferred & Refundable Income Taxes	21	33	6.10	13	4.90	23	1.00	15	32	34	34
Plant, Property, & Equipment, net	1,186	1,222	1,243	1,371	1,425	1,520	1,687	1,727	1,740	1,741	1,740
Total Noncurrent Assets	2,301	2,300	2,298	2,276	2,313	2,309	2,265	2,250	2,269	2,264	2,253
Goodwill	742	743	743	743	743	743	743	743	743	743	743
Intangible Assets	178	178	178	178	178	178	178	178	178	178	178
Noncurrent Deferred & Refundable Income Taxes	0.40	-	5.50	6.10	7.20	7.30	11	9.40	10	9.00	10
Other Noncurrent Operating Assets	1,381	1,379	1,372	1,349	1,385	1,381	1,333	1,319	1,338	1,335	1,322
Total Liabilities & Shareholders' Equity	3,694	3,729	3,698	3,785	3,834	3,941	4,065	4,093	4,131	4,136	4,121
Total Liabilities	3,335	3,415	3,486	3,493	3,550	3,715	3,918	3,927	4,000	4,036	4,033
Total Current Liabilities	410	423	419	424	408	391	431	350	378	452	431
Short-Term Debt	8.50	9.00	9.00	9.00	9.00	7.00	7.00	7.00	7.00	7.00	7.00
Accounts Payable	64	70	70	109	84	90	110	59	91	142	124
Accrued Expenses	332	341	339	303	308	293	300	282	277	301	299
Current Deferred & Payable Income Tax Liabilities	4.90	3.10	2.10	2.70	7.30	0.50	15	1.60	2.90	2.30	1.10
Total Noncurrent Liabilities	2,925	2,993	3,067	3,069	3,141	3,324	3,487	3,577	3,622	3,584	3,602
Long-Term Debt	1,221	1,279	1,281	1,289	1,292	1,445	1,570	1,550	1,553	1,495	1,501
Noncurrent Deferred & Payable Income Tax Liabilities	78	84	74	91	86	84	59	76	79	71	67
Other Noncurrent Operating Liabilities	1,626	1,630	1,712	1,689	1,763	1,795	1,858	1,952	1,991	2,019	2,035
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	360	314	212	293	284	227	147	166	131	100	88
Total Preferred & Common Equity	360	314	212	293	284	227	147	166	131	100	88
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	360	314	212	293	284	227	147	166	131	100	88
Common Stock	585	591	594	610	612	615	614	621	630	633	634
Retained Earnings	542	568	563	641	681	648	679	691	649	615	602
Treasury Stock	-767	-844	-945	-957	-1,008	-1,036	-1,145	-1,145	-1,146	-1,147	-1,147
Accumulated Other Comprehensive Income / (Loss)	-0.90	-0.80	-1.10	-1.00	-1.00	-1.00	-1.20	-1.10	-1.60	-0.90	-0.70

This table displays calculated financial ratios and metrics derived from Dave & Buster's Entertainment's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/31/2016	1/29/2017	2/4/2018	2/3/2019	2/2/2020	1/31/2021	1/30/2022	1/29/2023	2/4/2024	2/4/2025	2/4/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.10%	15.94%	13.39%	11.01%	7.06%	-67.78%	198.73%	50.64%	12.26%	-3.29%	0.00%
EBITDA Growth	30.38%	26.56%	12.44%	4.00%	0.45%	-140.57%	385.97%	32.66%	19.29%	-10.97%	0.00%
EBIT Growth	48.98%	36.79%	10.14%	-2.88%	-8.03%	-270.59%	174.11%	40.22%	16.80%	-28.11%	0.00%
NOPAT Growth	45.71%	33.16%	34.65%	-0.46%	-8.50%	-251.43%	190.11%	30.10%	15.07%	-22.94%	0.00%
Net Income Growth	680.76%	52.29%	33.21%	-3.08%	-14.47%	-306.43%	152.52%	26.13%	-7.44%	-54.06%	0.00%
EPS Growth	561.90%	51.08%	35.24%	3.17%	0.34%	-261.56%	146.53%	26.24%	3.23%	-49.31%	0.00%
Operating Cash Flow Growth	115.63%	23.72%	14.41%	27.56%	-14.42%	-117.04%	675.33%	56.92%	-18.05%	-14.25%	0.00%
Free Cash Flow Firm Growth	-0.63%	132.61%	-39.12%	221.56%	-38.82%	-245.42%	277.34%	-364.58%	133.53%	-65.72%	0.00%
Invested Capital Growth	6.71%	3.83%	12.52%	-1.22%	4.34%	-6.93%	-7.70%	114.42%	3.21%	7.84%	0.00%
Revenue Q/Q Growth	3.23%	3.71%	3.14%	2.17%	1.15%	-34.54%	20.99%	12.65%	1.63%	-2.94%	0.00%
EBITDA Q/Q Growth	6.76%	4.09%	1.09%	0.49%	0.25%	-446.57%	44.77%	11.83%	4.44%	-8.02%	0.00%
EBIT Q/Q Growth	10.09%	4.59%	-1.32%	-0.90%	-2.23%	-56.95%	116.19%	13.21%	4.18%	-17.08%	0.00%
NOPAT Q/Q Growth	10.25%	4.12%	8.23%	-4.24%	-2.09%	-56.95%	92.36%	14.75%	-0.10%	-9.87%	0.00%
Net Income Q/Q Growth	16.15%	5.11%	7.34%	-5.03%	-4.25%	-65.31%	314.81%	10.82%	-2.31%	-31.49%	0.00%
EPS Q/Q Growth	8.59%	5.00%	8.81%	-3.62%	5.00%	-73.99%	301.82%	11.16%	5.11%	-30.14%	0.00%
Operating Cash Flow Q/Q Growth	39.90%	-3.59%	2.65%	12.31%	-9.25%	-224.92%	56.44%	15.22%	-11.26%	3.89%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	7.50%	-43.81%	96.43%	-33.17%	-34.98%	55.65%	4.47%	-32.58%	335.27%	0.00%
Invested Capital Q/Q Growth	0.31%	0.13%	6.05%	-3.68%	1.29%	-2.96%	-3.31%	-1.58%	4.80%	-2.68%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	81.22%	82.06%	82.74%	59.13%	82.78%	82.84%	84.29%	84.28%	84.72%	85.26%	85.26%
EBITDA Margin	21.76%	23.76%	23.56%	22.07%	20.71%	-26.08%	24.96%	21.98%	23.36%	21.50%	21.50%
Operating Margin	12.69%	14.97%	14.54%	12.72%	10.93%	-57.87%	14.36%	13.36%	13.90%	10.33%	10.33%
EBIT Margin	12.69%	14.97%	14.54%	12.72%	10.93%	-57.87%	14.36%	13.36%	13.90%	10.33%	10.33%
Profit (Net Income) Margin	6.88%	9.03%	10.61%	9.26%	7.40%	-47.42%	8.34%	6.98%	5.75%	2.73%	2.73%
Tax Burden Percent	64.98%	63.26%	77.34%	79.26%	78.86%	71.27%	85.12%	78.97%	77.81%	83.40%	83.40%
Interest Burden Percent	83.38%	95.36%	94.34%	91.86%	85.86%	114.96%	68.22%	66.13%	53.20%	31.72%	31.72%
Effective Tax Rate	35.02%	36.74%	22.66%	20.74%	21.14%	0.00%	14.88%	21.03%	22.20%	16.60%	16.60%
Return on Invested Capital (ROIC)	11.22%	14.19%	17.65%	16.69%	15.04%	-23.11%	22.46%	19.37%	16.08%	11.74%	11.31%
ROIC Less NNEP Spread (ROIC-NNEP)	7.67%	12.60%	15.20%	13.80%	11.73%	-28.10%	12.23%	9.72%	6.39%	2.56%	2.83%
Return on Net Nonoperating Assets (RNNOA)	8.49%	8.92%	10.44%	12.27%	20.93%	-105.10%	28.25%	20.61%	22.28%	17.63%	28.67%
Return on Equity (ROE)	19.71%	23.11%	28.09%	28.96%	35.97%	-128.20%	50.71%	39.97%	38.36%	29.37%	39.99%
Cash Return on Invested Capital (CROIC)	4.72%	10.43%	5.87%	17.92%	10.80%	-15.93%	30.47%	-53.42%	12.93%	4.20%	0.00%
Operating Return on Assets (OROA)	11.26%	14.64%	14.74%	13.04%	8.13%	-10.70%	7.97%	8.60%	8.16%	5.67%	5.49%
Return on Assets (ROA)	6.10%	8.83%	10.75%	9.49%	5.50%	-8.76%	4.63%	4.49%	3.38%	1.50%	1.45%
Return on Common Equity (ROCE)	19.71%	23.11%	28.09%	28.96%	35.97%	-128.20%	50.71%	39.97%	38.36%	29.37%	39.99%
Return on Equity Simple (ROE_SIMPLE)	17.21%	20.66%	28.69%	30.22%	59.10%	-135.07%	39.46%	33.40%	50.52%	0.00%	39.99%
Net Operating Profit after Tax (NOPAT)	72	95	128	128	117	-177	159	207	239	184	184
NOPAT Margin	8.25%	9.47%	11.25%	10.09%	8.62%	-40.51%	12.22%	10.55%	10.82%	8.62%	8.62%
Net Nonoperating Expense Percent (NNEP)	3.55%	1.59%	2.45%	2.89%	3.32%	4.99%	10.23%	9.65%	9.69%	9.18%	8.49%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	11.26%	11.26%
Cost of Revenue to Revenue	18.78%	17.94%	17.26%	40.87%	17.22%	17.16%	15.71%	15.72%	15.28%	14.74%	14.74%
SG&A Expenses to Revenue	58.12%	56.77%	57.10%	35.22%	60.67%	106.33%	58.70%	61.55%	60.53%	61.58%	61.58%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	68.53%	67.09%	68.20%	46.40%	71.85%	140.71%	69.93%	70.91%	70.82%	74.92%	74.92%
Earnings before Interest and Taxes (EBIT)	110	151	166	161	148	-253	187	263	307	220	220
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	189	239	269	279	281	-114	326	432	515	459	459
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.26	5.14	4.51	5.04	7.96	10.58	6.21	4.89	8.83	7.23	7.23
Price to Tangible Book Value (P/TBV)	0.00	25.70	27.13	53.99	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.70	2.25	1.67	1.55	1.00	3.71	1.31	1.02	1.01	0.49	0.49
Price to Earnings (P/E)	24.88	24.86	15.72	16.68	13.46	0.00	15.73	14.65	17.48	18.08	18.08
Dividend Yield	0.00%	0.00%	0.00%	0.59%	1.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.02%	4.02%	6.36%	6.00%	7.43%	0.00%	6.36%	6.82%	5.72%	5.53%	5.53%
Enterprise Value to Invested Capital (EV/IC)	2.71	3.66	2.92	3.06	2.49	2.99	3.11	2.09	2.31	1.56	1.56
Enterprise Value to Revenue (EV/Rev)	2.06	2.49	1.97	1.84	1.46	5.05	1.62	1.56	1.58	1.19	1.19
Enterprise Value to EBITDA (EV/EBITDA)	9.47	10.47	8.38	8.33	7.03	0.00	6.50	7.08	6.74	5.52	5.52
Enterprise Value to EBIT (EV/EBIT)	16.24	16.62	13.57	14.45	13.32	0.00	11.30	11.65	11.33	11.49	11.49
Enterprise Value to NOPAT (EV/NOPAT)	24.99	26.27	17.54	18.23	16.90	0.00	13.27	14.75	14.56	13.78	13.78
Enterprise Value to Operating Cash Flow (EV/OCF)	9.56	10.81	8.50	6.89	6.83	0.00	7.47	6.88	9.54	8.11	8.11
Enterprise Value to Free Cash Flow (EV/FCFF)	59.40	35.75	52.79	16.98	23.54	0.00	9.79	0.00	18.12	38.55	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.97	0.60	0.87	1.01	3.82	3.89	1.57	3.00	5.15	10.19	10.19
Long-Term Debt to Equity	0.95	0.58	0.83	0.98	3.73	3.89	1.57	2.98	5.11	10.14	10.14
Financial Leverage	1.11	0.71	0.69	0.89	1.78	3.74	2.31	2.12	3.48	6.89	10.15
Leverage Ratio	3.23	2.62	2.61	3.05	6.54	14.63	10.96	8.90	11.36	19.57	27.54
Compound Leverage Factor	2.69	2.50	2.46	2.80	5.61	16.82	7.48	5.89	6.04	6.21	8.74
Debt to Total Capital	49.35%	37.54%	46.48%	50.36%	79.24%	79.56%	61.03%	75.00%	83.73%	91.07%	91.07%
Short-Term Debt to Total Capital	1.10%	1.07%	1.90%	1.92%	1.84%	0.00%	0.00%	0.52%	0.58%	0.43%	0.43%
Long-Term Debt to Total Capital	48.25%	36.47%	44.58%	48.44%	77.41%	79.56%	61.03%	74.48%	83.15%	90.64%	90.64%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	50.65%	62.46%	53.52%	49.64%	20.76%	20.44%	38.97%	25.00%	16.27%	8.93%	8.93%
Debt to EBITDA	1.79	1.11	1.36	1.41	2.31	-5.24	1.33	2.85	2.51	3.24	3.24
Net Debt to EBITDA	1.65	1.02	1.29	1.33	2.22	-5.14	1.25	2.43	2.44	3.23	3.23
Long-Term Debt to EBITDA	1.75	1.07	1.31	1.36	2.26	-5.24	1.33	2.83	2.49	3.23	3.23
Debt to NOPAT	4.72	2.77	2.86	3.08	5.55	-3.37	2.71	5.94	5.42	8.08	8.08
Net Debt to NOPAT	4.36	2.56	2.71	2.91	5.34	-3.31	2.54	5.06	5.26	8.05	8.05
Long-Term Debt to NOPAT	4.61	2.70	2.74	2.97	5.42	-3.37	2.71	5.90	5.38	8.05	8.05
Altman Z-Score	2.61	3.71	3.06	2.98	1.29	0.33	1.43	1.24	1.36	1.00	1.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.70	0.43	0.46	0.37	0.27	0.44	0.47	0.67	0.32	0.22	0.22
Quick Ratio	0.16	0.11	0.09	0.09	0.08	0.04	0.08	0.46	0.14	0.06	0.06
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	30	70	43	137	84	-122	216	-572	192	66	0.00
Operating Cash Flow to CapEx	114.88%	128.13%	120.40%	156.36%	127.13%	-59.63%	309.51%	190.81%	110.67%	58.95%	58.95%
Free Cash Flow to Firm to Interest Expense	1.65	10.02	4.54	10.45	4.00	-3.22	3.63	-6.43	1.34	0.44	0.00
Operating Cash Flow to Interest Expense	10.23	33.12	28.21	25.75	13.80	-1.30	4.76	5.00	2.54	2.08	2.08
Operating Cash Flow Less CapEx to Interest Expense	1.32	7.27	4.78	9.28	2.94	-3.49	3.22	2.38	0.24	-1.45	-1.45
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.89	0.98	1.01	1.02	0.74	0.18	0.56	0.64	0.59	0.55	0.53
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	101.16	101.56	106.10
Inventory Turnover	8.57	8.71	7.96	18.85	7.55	2.57	6.39	7.21	8.16	8.17	7.90
Fixed Asset Turnover	1.81	1.78	1.71	1.65	1.59	0.51	1.64	2.01	1.76	1.44	1.30
Accounts Payable Turnover	4.18	3.68	3.58	8.99	3.71	1.47	4.14	4.20	3.32	2.49	2.34
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.61	3.59	3.44
Days Inventory Outstanding (DIO)	42.58	41.89	45.86	19.36	48.33	142.00	57.12	50.64	44.73	44.70	46.21
Days Payable Outstanding (DPO)	87.25	99.31	101.99	40.60	98.39	247.93	88.08	86.96	110.10	146.86	156.03
Cash Conversion Cycle (CCC)	-44.67	-57.42	-56.13	-21.24	-50.06	-105.92	-30.97	-36.32	-61.76	-98.57	-106.39
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	658	683	769	760	793	738	681	1,460	1,507	1,625	1,625
Invested Capital Turnover	1.36	1.50	1.57	1.66	1.75	0.57	1.84	1.84	1.49	1.36	1.31
Increase / (Decrease) in Invested Capital	41	25	86	-9.38	33	-55	-57	779	47	118	0.00
Enterprise Value (EV)	1,787	2,502	2,249	2,327	1,973	2,205	2,115	3,058	3,474	2,533	2,533
Market Capitalization	1,475	2,257	1,902	1,955	1,350	1,621	1,710	2,009	2,218	1,054	1,054
Book Value per Share	$8.34	$10.45	$10.36	$10.04	$5.55	$3.22	$5.69	$8.50	$6.25	$3.79	$3.79
Tangible Book Value per Share	($0.13)	$2.09	$1.72	$0.94	($5.95)	($4.16)	($1.57)	($10.61)	($16.66)	($20.13)	($20.13)
Total Capital	684	704	788	781	817	750	707	1,642	1,544	1,632	1,632
Total Debt	337	264	366	393	648	596	431	1,231	1,293	1,486	1,486
Total Long-Term Debt	330	257	351	378	633	596	431	1,223	1,284	1,479	1,479
Net Debt	312	244	347	372	623	584	405	1,050	1,256	1,479	1,479
Capital Expenditures (CapEx)	163	181	220	216	227	83	92	233	329	530	530
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-65	-115	-117	-160	-222	-165	-192	-317	-326	-339	-339
Debt-free Net Working Capital (DFNWC)	-39	-95	-98	-138	-197	-153	-166	-136	-289	-333	-333
Net Working Capital (NWC)	-47	-102	-113	-153	-212	-153	-166	-144	-298	-340	-340
Net Nonoperating Expense (NNE)	12	4.42	7.26	10	17	30	51	70	112	126	126
Net Nonoperating Obligations (NNO)	312	244	347	372	623	584	405	1,050	1,256	1,479	1,479
Total Depreciation and Amortization (D&A)	79	88	103	118	132	139	138	169	209	238	238
Debt-free, Cash-free Net Working Capital to Revenue	-7.45%	-11.42%	-10.24%	-12.64%	-16.35%	-37.72%	-14.71%	-16.16%	-14.80%	-15.91%	-15.91%
Debt-free Net Working Capital to Revenue	-4.51%	-9.42%	-8.59%	-10.93%	-14.53%	-35.00%	-12.73%	-6.91%	-13.11%	-15.59%	-15.59%
Net Working Capital to Revenue	-5.37%	-10.17%	-9.91%	-12.12%	-15.64%	-35.00%	-12.73%	-7.35%	-13.52%	-15.92%	-15.92%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.46	$2.16	$2.93	$3.00	$3.00	($4.75)	$2.26	$2.83	$2.94	$1.49	$1.49
Adjusted Weighted Average Basic Shares Outstanding	40.97M	41.95M	41.28M	39.05M	33.45M	43.55M	48.14M	48.50M	43.20M	39.07M	39.07M
Adjusted Diluted Earnings per Share	$1.39	$2.10	$2.84	$2.93	$2.94	($4.75)	$2.21	$2.79	$2.88	$1.46	$1.46
Adjusted Weighted Average Diluted Shares Outstanding	42.78M	43.29M	42.58M	39.98M	34.10M	43.55M	49.26M	49.18M	44.07M	40.01M	40.01M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$3.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	41.67M	41.99M	39.67M	36.60M	30.61M	47.66M	48.57M	48.41M	40.30M	34.52M	34.52M
Normalized Net Operating Profit after Tax (NOPAT)	79	105	147	146	132	-169	166	219	253	199	199
Normalized NOPAT Margin	9.11%	10.44%	12.86%	11.54%	9.72%	-38.70%	12.75%	11.14%	11.47%	9.35%	9.35%
Pre Tax Income Margin	10.58%	14.28%	13.72%	11.69%	9.39%	-66.53%	9.79%	8.84%	7.40%	3.28%	3.28%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.02	21.55	17.67	12.28	7.07	-6.68	3.15	2.95	2.14	1.46	1.46
NOPAT to Interest Expense	3.91	13.63	13.66	9.73	5.58	-4.68	2.68	2.33	1.66	1.22	1.22
EBIT Less CapEx to Interest Expense	-2.88	-4.30	-5.76	-4.19	-3.78	-8.87	1.61	0.33	-0.16	-2.06	-2.06
NOPAT Less CapEx to Interest Expense	-4.99	-12.22	-9.76	-6.73	-5.28	-6.86	1.14	-0.29	-0.63	-2.30	-2.30
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	9.87%	15.68%	-2.36%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	31.75%	125.60%	137.09%	312.22%	-2.36%	0.00%	18.23%	236.41%	294.85%	294.85%

This table displays calculated financial ratios and metrics derived from Dave & Buster's Entertainment's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	2/4/2024	5/5/2024	8/6/2024	11/5/2024	2/4/2025	5/6/2025	8/5/2025	11/4/2025	2/3/2026	5/5/2026	8/4/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	34,680,265.00	34,739,405.00	34,788,694.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	34,680,265.00	34,739,405.00	34,788,694.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-1.14	0.16	-0.36
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.26%	-1.54%	2.77%	-2.98%	-10.77%	-3.47%	0.05%	-1.06%	-0.94%	-1.50%	-2.39%
EBITDA Growth	17.35%	-12.92%	12.52%	-14.61%	-27.01%	-14.77%	-16.76%	-22.26%	-31.45%	-6.80%	-21.24%
EBIT Growth	15.93%	-29.57%	9.60%	-66.13%	-50.73%	-26.08%	-37.28%	-357.14%	-131.52%	-25.79%	-63.40%
NOPAT Growth	0.58%	-28.00%	11.22%	-66.13%	-27.48%	-23.10%	-37.22%	-357.14%	-120.64%	-48.54%	-67.86%
Net Income Growth	-7.67%	-40.94%	55.60%	-528.85%	-74.24%	-47.58%	-71.71%	-28.75%	-526.88%	-73.73%	-209.65%
EPS Growth	17.28%	-31.72%	65.00%	-600.00%	-66.32%	-37.37%	-67.68%	-45.24%	-450.00%	-74.19%	-212.50%
Operating Cash Flow Growth	-32.22%	17.75%	-1.93%	-110.17%	12.04%	-11.95%	-66.60%	905.56%	-5.42%	18.79%	37.65%
Free Cash Flow Firm Growth	102.55%	100.92%	-44.01%	-487.99%	-489.69%	-1,550.78%	-779.09%	91.85%	126.31%	254.52%	251.31%
Invested Capital Growth	3.21%	4.05%	3.50%	16.13%	7.84%	9.80%	8.77%	0.43%	-1.75%	-7.54%	-7.68%
Revenue Q/Q Growth	28.29%	-1.82%	-5.27%	-18.69%	17.99%	0.00%	-1.81%	-19.59%	18.14%	5.61%	-2.70%
EBITDA Q/Q Growth	110.07%	0.14%	-4.25%	-57.61%	79.57%	0.00%	-6.49%	-60.41%	58.33%	58.97%	-20.97%
EBIT Q/Q Growth	381.18%	-4.47%	-1.17%	-92.54%	600.00%	0.00%	-16.14%	-130.57%	14.20%	437.41%	-58.64%
NOPAT Q/Q Growth	399.30%	3.91%	-0.37%	-93.45%	968.97%	0.00%	-18.67%	-126.84%	14.20%	374.75%	-49.20%
Net Income Q/Q Growth	794.23%	14.68%	-2.66%	-181.14%	128.44%	0.00%	-47.47%	-469.30%	5.70%	114.36%	-319.30%
EPS Q/Q Growth	891.67%	4.21%	0.00%	-184.85%	138.10%	0.00%	-48.39%	-481.25%	8.20%	114.29%	-325.00%
Operating Cash Flow Q/Q Growth	37.29%	11.93%	-6.43%	-107.07%	1,612.50%	0.00%	-64.51%	70.59%	77.59%	10.49%	-58.88%
Free Cash Flow Firm Q/Q Growth	-68.94%	-61.82%	102.82%	-1,713.47%	68.81%	0.00%	5.06%	80.64%	200.70%	734.67%	-7.03%
Invested Capital Q/Q Growth	4.80%	3.43%	0.90%	6.17%	-2.68%	0.00%	-0.04%	-1.97%	-4.79%	-0.90%	-0.18%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	85.59%	85.16%	85.32%	85.03%	85.50%	85.54%	86.29%	85.83%	85.21%	85.73%	84.71%
EBITDA Margin	24.72%	25.22%	25.49%	13.29%	20.22%	22.27%	21.21%	10.44%	13.99%	21.07%	17.11%
Operating Margin	14.94%	14.54%	15.17%	1.39%	8.25%	11.13%	9.51%	-3.61%	-2.63%	8.39%	3.57%
EBIT Margin	14.94%	14.54%	15.17%	1.39%	8.25%	11.13%	9.51%	-3.61%	-2.63%	8.39%	3.57%
Profit (Net Income) Margin	6.03%	7.04%	7.23%	-7.22%	1.74%	3.82%	2.05%	-9.39%	-7.50%	1.02%	-2.30%
Tax Burden Percent	72.64%	79.01%	79.64%	78.23%	106.90%	82.20%	79.72%	74.65%	76.05%	57.00%	67.20%
Interest Burden Percent	55.53%	61.29%	59.88%	-663.49%	19.73%	41.77%	26.98%	348.15%	375.54%	21.32%	-95.88%
Effective Tax Rate	27.36%	20.99%	20.36%	0.00%	-6.90%	17.80%	20.28%	0.00%	0.00%	43.00%	0.00%
Return on Invested Capital (ROIC)	16.13%	16.51%	17.28%	1.38%	12.01%	0.00%	0.00%	-3.19%	-2.40%	6.08%	3.16%
ROIC Less NNEP Spread (ROIC-NNEP)	13.63%	14.33%	15.11%	-1.40%	9.24%	0.00%	0.00%	-5.24%	-4.41%	4.70%	1.44%
Return on Net Nonoperating Assets (RNNOA)	47.47%	52.81%	62.92%	-8.55%	63.68%	0.00%	0.00%	-43.87%	-55.50%	58.11%	17.20%
Return on Equity (ROE)	63.60%	69.31%	80.20%	-7.17%	75.70%	0.00%	0.00%	-47.06%	-57.90%	64.19%	20.35%
Cash Return on Invested Capital (CROIC)	12.93%	9.97%	10.78%	-1.80%	4.20%	-9.35%	-8.41%	5.60%	5.50%	10.81%	9.52%
Operating Return on Assets (OROA)	8.77%	8.54%	8.87%	0.80%	4.53%	0.00%	0.00%	-1.89%	-1.36%	4.28%	1.81%
Return on Assets (ROA)	3.54%	4.13%	4.23%	-4.15%	0.96%	0.00%	0.00%	-4.91%	-3.88%	0.52%	-1.16%
Return on Common Equity (ROCE)	63.60%	69.31%	80.20%	-7.17%	75.70%	0.00%	0.00%	-47.06%	-57.90%	64.19%	20.35%
Return on Equity Simple (ROE_SIMPLE)	0.00%	33.57%	39.59%	37.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	65	68	67	4.41	47	52	42	-11	-9.73	27	14
NOPAT Margin	10.85%	11.49%	12.08%	0.97%	8.82%	9.15%	7.58%	-2.53%	-1.84%	4.78%	2.50%
Net Nonoperating Expense Percent (NNEP)	2.51%	2.18%	2.17%	2.78%	2.77%	2.14%	2.18%	2.06%	2.01%	1.38%	1.72%
Return On Investment Capital (ROIC_SIMPLE)	-	4.25%	-	0.26%	2.89%	3.01%	2.45%	-0.67%	-0.60%	1.67%	0.85%
Cost of Revenue to Revenue	14.41%	14.84%	14.68%	14.97%	14.50%	14.46%	13.71%	14.17%	14.79%	14.27%	15.29%
SG&A Expenses to Revenue	59.92%	58.77%	59.09%	70.60%	59.53%	61.26%	64.16%	74.21%	64.19%	63.36%	66.20%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	70.65%	70.62%	70.15%	83.64%	77.25%	74.41%	76.79%	89.45%	87.84%	77.34%	81.14%
Earnings before Interest and Taxes (EBIT)	90	86	85	6.30	44	63	53	-16	-14	47	19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	148	148	142	60	108	126	118	47	74	118	93
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.83	7.28	4.50	6.66	7.23	4.63	5.51	3.76	7.39	3.65	4.20
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.01	0.97	0.58	0.69	0.49	0.00	0.00	0.23	0.32	0.17	0.18
Price to Earnings (P/E)	17.48	21.68	11.36	17.72	18.08	0.00	0.00	1,637.42	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	5.72%	4.61%	8.80%	5.64%	5.53%	0.00%	0.00%	0.06%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.31	2.18	1.63	1.77	1.56	1.31	1.44	1.21	1.36	1.17	1.18
Enterprise Value to Revenue (EV/Rev)	1.58	1.55	1.16	1.34	1.19	0.00	0.00	0.97	1.04	0.88	0.89
Enterprise Value to EBITDA (EV/EBITDA)	6.74	6.88	5.04	5.92	5.52	0.00	0.00	5.10	5.96	5.17	5.61
Enterprise Value to EBIT (EV/EBIT)	11.33	12.54	9.23	11.10	11.49	0.00	0.00	14.14	25.31	26.45	51.40
Enterprise Value to NOPAT (EV/NOPAT)	14.56	15.94	11.67	14.47	13.78	0.00	0.00	20.20	36.16	37.78	73.43
Enterprise Value to Operating Cash Flow (EV/OCF)	9.54	8.92	6.78	9.82	8.11	0.00	0.00	6.87	7.49	5.98	5.79
Enterprise Value to Free Cash Flow (EV/FCFF)	18.12	22.27	15.40	0.00	38.55	0.00	0.00	21.75	24.58	10.37	11.88
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	5.15	4.44	4.58	6.41	10.19	10.74	9.37	11.93	16.69	15.08	17.15
Long-Term Debt to Equity	5.11	4.41	4.54	6.38	10.14	10.69	9.32	11.87	16.61	15.01	17.07
Financial Leverage	3.48	3.69	4.16	6.09	6.89	6.44	6.29	8.36	12.59	12.37	11.95
Leverage Ratio	11.36	11.46	12.63	17.43	19.57	17.87	17.59	22.58	34.31	33.28	32.33
Compound Leverage Factor	6.31	7.03	7.56	-115.66	3.86	7.46	4.75	78.63	128.86	7.10	-30.99
Debt to Total Capital	83.73%	81.61%	82.07%	86.50%	91.07%	91.48%	90.35%	92.26%	94.35%	93.78%	94.49%
Short-Term Debt to Total Capital	0.58%	0.57%	0.57%	0.42%	0.43%	0.41%	0.41%	0.41%	0.43%	0.44%	0.44%
Long-Term Debt to Total Capital	83.15%	81.05%	81.50%	86.08%	90.64%	91.08%	89.95%	91.85%	93.91%	93.35%	94.05%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	16.27%	18.39%	17.93%	13.50%	8.93%	8.52%	9.65%	7.74%	5.65%	6.22%	5.51%
Debt to EBITDA	2.51	2.63	2.56	2.91	3.24	0.00	0.00	3.90	4.16	4.21	4.54
Net Debt to EBITDA	2.44	2.57	2.53	2.89	3.23	0.00	0.00	3.87	4.12	4.15	4.50
Long-Term Debt to EBITDA	2.49	2.61	2.54	2.90	3.23	0.00	0.00	3.89	4.15	4.19	4.52
Debt to NOPAT	5.42	6.09	5.92	7.12	8.08	0.00	0.00	15.46	25.25	30.75	59.49
Net Debt to NOPAT	5.26	5.94	5.86	7.08	8.05	0.00	0.00	15.33	24.98	30.35	58.86
Long-Term Debt to NOPAT	5.38	6.05	5.88	7.08	8.05	0.00	0.00	15.39	25.14	30.60	59.21
Altman Z-Score	1.17	1.17	1.02	0.95	0.86	0.30	0.35	0.72	0.72	0.71	0.69
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.32	0.32	0.24	0.29	0.22	0.26	0.33	0.32	0.29	0.29	0.30
Quick Ratio	0.14	0.12	0.07	0.08	0.06	0.10	0.10	0.08	0.08	0.08	0.07
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	18	6.95	14	-227	-71	-101	-96	-19	19	156	145
Operating Cash Flow to CapEx	79.74%	96.45%	87.83%	-5.49%	64.10%	61.97%	38.12%	73.79%	149.28%	108.07%	55.25%
Free Cash Flow to Firm to Interest Expense	0.46	0.21	0.42	-4.73	-2.00	-2.74	-2.47	-0.46	0.49	4.22	3.81
Operating Cash Flow to Interest Expense	2.44	3.29	3.00	-0.15	3.08	2.60	0.88	1.44	2.69	3.08	1.23
Operating Cash Flow Less CapEx to Interest Expense	-0.62	-0.12	-0.42	-2.88	-1.72	-1.60	-1.43	-0.51	0.89	0.23	-1.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.59	0.59	0.58	0.58	0.55	0.00	0.00	0.52	0.52	0.51	0.51
Accounts Receivable Turnover	101.16	107.39	112.52	104.63	101.56	0.00	0.00	107.82	106.74	96.07	104.84
Inventory Turnover	8.16	8.07	8.03	7.74	8.17	0.00	0.00	7.65	7.54	7.31	7.77
Fixed Asset Turnover	1.76	1.72	1.67	1.59	1.44	0.00	0.00	1.29	1.25	1.22	1.20
Accounts Payable Turnover	3.32	3.99	4.23	3.95	2.49	0.00	0.00	3.31	2.31	2.37	3.33
Days Sales Outstanding (DSO)	3.61	3.40	3.24	3.49	3.59	0.00	0.00	3.39	3.42	3.80	3.48
Days Inventory Outstanding (DIO)	44.73	45.20	45.47	47.17	44.70	0.00	0.00	47.71	48.44	49.91	47.00
Days Payable Outstanding (DPO)	110.10	91.46	86.39	92.32	146.86	0.00	0.00	110.35	157.95	153.96	109.69
Cash Conversion Cycle (CCC)	-61.76	-42.86	-37.67	-41.66	-98.57	0.00	0.00	-59.26	-106.09	-100.25	-59.21
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,507	1,559	1,573	1,670	1,625	1,711	1,711	1,677	1,597	1,582	1,579
Invested Capital Turnover	1.49	1.44	1.43	1.41	1.36	0.00	0.00	1.26	1.31	1.27	1.27
Increase / (Decrease) in Invested Capital	47	61	53	232	118	153	138	7.20	-28	-129	-131
Enterprise Value (EV)	3,474	3,395	2,567	2,952	2,533	2,245	2,460	2,037	2,179	1,846	1,861
Market Capitalization	2,218	2,129	1,279	1,508	1,054	680	915	491	674	363	369
Book Value per Share	$6.25	$7.26	$7.19	$5.77	$3.79	$4.25	$4.81	$3.77	$2.63	$2.87	$2.53
Tangible Book Value per Share	($16.66)	($15.59)	($16.08)	($17.66)	($20.13)	($22.42)	($21.82)	($22.79)	($23.92)	($23.64)	($23.94)
Total Capital	1,544	1,591	1,586	1,678	1,632	1,723	1,723	1,691	1,613	1,602	1,595
Total Debt	1,293	1,298	1,301	1,452	1,486	1,577	1,557	1,560	1,522	1,502	1,508
Total Long-Term Debt	1,284	1,289	1,292	1,445	1,479	1,570	1,550	1,553	1,515	1,495	1,501
Net Debt	1,256	1,266	1,288	1,443	1,479	1,565	1,545	1,546	1,505	1,483	1,492
Capital Expenditures (CapEx)	122	113	116	131	170	155	89	79	69	105	85
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-326	-309	-316	-281	-339	-323	-238	-262	-320	-334	-312
Debt-free Net Working Capital (DFNWC)	-289	-277	-303	-272	-333	-311	-226	-249	-304	-314	-296
Net Working Capital (NWC)	-298	-286	-312	-279	-340	-318	-233	-256	-311	-321	-303
Net Nonoperating Expense (NNE)	29	26	27	37	38	30	31	31	30	21	26
Net Nonoperating Obligations (NNO)	1,256	1,266	1,288	1,443	1,479	1,565	1,545	1,546	1,505	1,483	1,492
Total Depreciation and Amortization (D&A)	59	63	58	54	64	63	65	63	88	71	74
Debt-free, Cash-free Net Working Capital to Revenue	-14.80%	-14.09%	-14.30%	-12.77%	-15.91%	0.00%	0.00%	-12.44%	-15.22%	-15.93%	-14.99%
Debt-free Net Working Capital to Revenue	-13.11%	-12.63%	-13.71%	-12.38%	-15.59%	0.00%	0.00%	-11.79%	-14.43%	-14.99%	-14.22%
Net Working Capital to Revenue	-13.52%	-13.04%	-14.12%	-12.70%	-15.92%	0.00%	0.00%	-12.13%	-14.77%	-15.33%	-14.56%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.00	$1.03	$1.02	($0.84)	$0.28	$0.63	$0.33	($1.22)	($1.14)	$0.16	($0.36)
Adjusted Weighted Average Basic Shares Outstanding	43.20M	40.32M	39.67M	39.11M	39.07M	34.72M	34.52M	34.53M	34.67M	34.66M	34.81M
Adjusted Diluted Earnings per Share	$0.95	$0.99	$0.99	($0.84)	$0.32	$0.62	$0.32	($1.22)	($1.12)	$0.16	($0.36)
Adjusted Weighted Average Diluted Shares Outstanding	44.07M	41.64M	40.78M	39.11M	40.01M	35.19M	35.14M	34.53M	34.67M	34.94M	34.81M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	40.30M	39.56M	39.30M	38.50M	34.52M	34.58M	34.67M	34.68M	34.74M	34.79M	34.83M
Normalized Net Operating Profit after Tax (NOPAT)	69	70	71	8.05	35	57	46	-8.05	-6.86	30	18
Normalized NOPAT Margin	11.54%	11.93%	12.67%	1.78%	6.57%	10.03%	8.17%	-1.80%	-1.30%	5.33%	3.36%
Pre Tax Income Margin	8.30%	8.91%	9.08%	-9.23%	1.63%	4.65%	2.57%	-12.58%	-9.86%	1.79%	-3.42%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.25	2.58	2.49	0.13	1.25	1.72	1.37	-0.40	-0.36	1.27	0.51
NOPAT to Interest Expense	1.63	2.04	1.99	0.09	1.33	1.41	1.09	-0.28	-0.25	0.72	0.36
EBIT Less CapEx to Interest Expense	-0.81	-0.82	-0.93	-2.60	-3.55	-2.48	-0.94	-2.36	-2.16	-1.58	-1.72
NOPAT Less CapEx to Interest Expense	-1.43	-1.37	-1.43	-2.64	-3.47	-2.79	-1.21	-2.24	-2.06	-2.13	-1.87
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	236.41%	186.25%	142.10%	103.41%	294.85%	0.00%	0.00%	35,933.33%	-49.08%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Dave & Buster’s Entertainment (NASDAQ: PLAY) showed a mixed but improved start to fiscal 2026. Revenue increased to $559.2 million in Q1 2026 from $557.4 million in Q2 2025, but declined 1.5% from $567.7 million in Q1 2025. The company returned to profitability with net income of $5.7 million, compared with a $39.7 million loss in Q4 2025 and $21.7 million of profit in Q1 2025.

The latest quarter also showed stronger cash generation and lower capital spending. Operating cash flow rose to $113.8 million from $95.8 million a year earlier, while capital expenditures fell to $105.3 million from $154.6 million. That produced approximately $8.5 million of positive free cash flow, a significant improvement from the roughly $58.8 million outflow in Q1 2025.

Operating cash flow improved: Q1 2026 operating cash flow of $113.8 million was up approximately 19% from Q1 2025 and was the strongest quarterly figure in the supplied history.
Free cash flow returned to positive territory: Cash generated from operations exceeded $105.3 million of capital spending, compared with substantial negative free cash flow in Q1 2025 and Q3 2025.
Balance-sheet cash increased: Cash and equivalents rose to $19.6 million at the end of Q1 2026 from $11.9 million a year earlier and $8.6 million in Q3 2024.
Debt declined modestly: Short- and long-term debt totaled approximately $1.50 billion in Q1 2026, down from roughly $1.58 billion in Q1 2025 and $1.57 billion in Q3 2024.
Share count remains well below earlier levels: Basic weighted-average shares were approximately 34.7 million in Q1 2026, compared with 47.9 million in Q1 2023 and 48.5 million in Q4 2022. Earlier repurchases have supported per-share results, although no repurchases were reported in Q1 2026.
Gross margins remain resilient: Q1 2026 gross profit was $479.4 million, representing an 85.7% gross margin, broadly consistent with Q1 2025 despite lower revenue. However, this did not translate into similar operating margins.
Operating profitability has weakened: Operating income fell to $46.9 million in Q1 2026 from $63.2 million in Q1 2025. The operating margin declined to approximately 8.4% from 11.1%, reflecting continued pressure from selling, general and administrative expenses, depreciation and other charges.
Net income remains thin and volatile: Q1 2026 net income of $5.7 million equaled only about 1% of revenue, while the company recorded losses of $42.1 million in Q3 2025 and $39.7 million in Q4 2025. Earnings per share improved to $0.16 from a $1.14 loss in Q4 2025 but remained well below $0.63 in Q1 2025.
Interest expense continues to absorb much of operating income: Q1 2026 interest expense was $36.9 million, consuming nearly 79% of operating income. Cash interest paid rose to $35.9 million from $29.0 million in Q1 2025, limiting the conversion of operating profits into net earnings.
Liquidity and leverage remain major risks: Current liabilities of $451.9 million substantially exceeded current assets of $130.9 million, producing a current ratio of roughly 0.29. Total liabilities of $4.04 billion also represented approximately 98% of total assets, leaving shareholders’ equity at only $99.6 million.

Overall, PLAY’s latest statements point to better cash generation, lower capital spending and modest debt reduction, but the company remains highly leveraged. Investors should watch whether revenue stabilizes, operating margins recover and free cash flow remains positive after the recent improvement. The limited equity cushion and substantial interest burden leave relatively little room for sustained earnings weakness.

09/18/26 02:36 AM ETAI Generated. May Contain Errors.

Dave & Buster's Entertainment Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Dave & Buster's Entertainment's fiscal year ends in February. Their fiscal year 2026 ended on February 3, 2026.

Dave & Buster's Entertainment's net income appears to be on a downward trend, with a most recent value of -$48.70 million in 2025, falling from $59.62 million in 2015. The previous period was $58.30 million in 2024. View Dave & Buster's Entertainment's forecast to see where analysts expect Dave & Buster's Entertainment to go next.

Dave & Buster's Entertainment's total operating income in 2025 was $86.10 million, based on the following breakdown:

Total Gross Profit: $1.80 billion
Total Operating Expenses: $1.72 billion

Over the last 10 years, Dave & Buster's Entertainment's total revenue changed from $866.98 million in 2015 to $2.10 billion in 2025, a change of 142.5%.

Dave & Buster's Entertainment's total liabilities were at $4.03 billion at the end of 2025, a 4.0% increase from 2024, and a 512.4% increase since 2015.

In the past 10 years, Dave & Buster's Entertainment's cash and equivalents has ranged from $6.90 million in 2024 to $181.60 million in 2022, and is currently $16.60 million as of their latest financial filing in 2025.

Over the last 10 years, Dave & Buster's Entertainment's book value per share changed from 8.34 in 2015 to 3.79 in 2025, a change of -54.6%.

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Financial statements for NASDAQ:PLAY last updated on 9/14/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Dave & Buster's Entertainment (PLAY) Financials

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Dave & Buster's Entertainment (PLAY) Financials

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