Dave & Buster's Entertainment (PLAY) Financials

$11.75 +0.19 (+1.64%)

Closing price 04:00 PM Eastern

Extended Trading

$11.66 -0.09 (-0.80%)

As of 04:42 PM Eastern

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	2/4/2025
Net Income / (Loss) Attributable to Common Shareholders	59	91	121	117	100	-207	109	137	127	58	58
Consolidated Net Income / (Loss)	60	91	121	117	100	-207	109	137	127	58	58
Net Income / (Loss) Continuing Operations	60	91	121	117	100	-207	109	137	127	58	58
Total Pre-Tax Income	92	144	156	148	127	-290	128	174	163	70	70
Total Operating Income	110	151	166	161	148	-253	187	263	307	220	220
Total Gross Profit	704	825	943	748	1,121	362	1,099	1,641	1,852	1,818	1,818
Total Revenue	867	1,005	1,140	1,265	1,355	437	1,304	1,964	2,205	2,133	2,133
Operating Revenue	406	1,005	1,140	1,265	1,355	437	1,304	1,964	2,205	2,133	2,133
Total Cost of Revenue	163	180	197	517	233	75	205	323	353	314	314
Operating Cost of Revenue	163	180	197	517	233	75	205	323	353	314	314
Total Operating Expenses	594	674	777	587	973	614	912	1,379	1,546	1,598	1,598
Selling, General & Admin Expense	504	571	651	446	822	464	766	1,195	1,309	1,313	1,313
Depreciation Expense	79	88	103	118	132	139	138	169	209	238	238
Other Operating Expenses / (Income)	-	-	-	-	-	-	-	0.10	9.60	28	28
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	-151
Interest Expense	18	6.99	9.38	13	21	38	60	89	144	151	151
Income Tax Expense	32	53	35	31	27	-83	19	37	36	12	12
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
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	39.07M
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
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	40.01M
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	34.52M

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	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	4/30/2023	7/30/2023	10/29/2023	2/4/2024	5/5/2024	8/6/2024	11/5/2024	2/4/2025	5/6/2025	8/5/2025	11/4/2025
Net Income / (Loss) Attributable to Common Shareholders	70	26	-5.20	36	41	40	-33	9.30	22	11	-42
Consolidated Net Income / (Loss)	70	26	-5.20	36	41	40	-33	9.30	22	11	-42
Net Income / (Loss) Continuing Operations	70	26	-5.20	36	41	40	-33	9.30	22	11	-42
Total Pre-Tax Income	91	33	-10	50	52	51	-42	8.70	26	14	-56
Total Operating Income	121	77	19	90	86	85	6.30	44	63	53	-16
Total Gross Profit	503	455	391	513	501	475	385	457	486	481	385
Total Revenue	597	542	467	599	588	557	453	535	568	557	448
Operating Revenue	597	542	467	599	588	557	453	535	568	557	448
Total Cost of Revenue	94	87	76	86	87	82	68	78	82	76	64
Operating Cost of Revenue	94	87	76	86	87	82	68	78	82	76	64
Total Operating Expenses	382	378	372	423	415	391	379	413	422	428	401
Selling, General & Admin Expense	328	325	316	359	346	330	317	318	348	358	333
Depreciation Expense	49	49	52	59	63	58	54	64	63	65	63
Other Operating Expenses / (Income)	-	-	-	-	3.60	-0.60	3.30	-	5.30	1.10	0.60
Other Special Charges / (Income)	4.70	4.00	4.00	5.70	3.30	4.10	5.20	6.10	6.10	4.10	4.70
Total Other Income / (Expense), net	-31	-44	-29	-40	-33	-34	-48	-35	-37	-39	-40
Interest Expense	31	44	29	40	33	34	48	35	37	39	40
Income Tax Expense	21	7.10	-5.10	14	11	10	-9.10	-0.60	4.70	2.90	-14
Basic Earnings per Share	$1.46	$0.60	($0.12)	$1.00	$1.03	$1.02	($0.84)	$0.28	$0.63	$0.33	($1.22)
Weighted Average Basic Shares Outstanding	47.93M	43.01M	41.81M	43.20M	40.32M	39.67M	39.11M	39.07M	34.72M	34.52M	34.53M
Diluted Earnings per Share	$1.45	$0.60	($0.12)	$0.95	$0.99	$0.99	($0.84)	$0.32	$0.62	$0.32	($1.22)
Weighted Average Diluted Shares Outstanding	48.47M	43.38M	41.81M	44.07M	41.64M	40.78M	39.11M	40.01M	35.19M	35.14M	34.53M
Weighted Average Basic & Diluted Shares Outstanding	42.92M	42.95M	40.19M	40.30M	39.56M	39.30M	38.50M	34.52M	34.58M	34.67M	34.68M

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	2/4/2025
Net Change in Cash & Equivalents	-45	-5.41	-1.29	2.79	3.07	-13	14	156	-144	-30	-30
Net Cash From Operating Activities	187	231	265	338	289	-49	283	444	364	312	312
Net Cash From Continuing Operating Activities	187	231	265	338	289	-49	283	444	364	312	312
Net Income / (Loss) Continuing Operations	60	91	121	117	100	-207	109	137	127	58	58
Consolidated Net Income / (Loss)	60	91	121	117	100	-207	109	137	127	58	58
Depreciation Expense	79	88	103	118	132	139	138	169	209	238	238
Non-Cash Adjustments To Reconcile Net Income	-3.39	-10	12	9.59	9.74	29	32	37	52	66	66
Changes in Operating Assets and Liabilities, net	52	63	29	93	46	-9.76	4.00	101	-23	-50	-50
Net Cash From Investing Activities	-162	-159	-217	-204	-227	-82	-92	-1,052	-329	-530	-530
Net Cash From Continuing Investing Activities	-162	-159	-217	-204	-227	-82	-92	-1,052	-329	-530	-530
Purchase of Property, Plant & Equipment	-163	-181	-220	-216	-228	-83	-92	-234	-330	-530	-530
Acquisitions	-	-	-	-	-	0.00	0.00	-819	0.00	0.00	0.00
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	0.40
Net Cash From Financing Activities	-71	-77	-49	-131	-59	118	-178	763	-179	187	187
Net Cash From Continuing Financing Activities	-71	-77	-49	-131	-59	118	-178	763	-179	187	187
Repayment of Debt	-563	-171	-409	-238	-152	-790	-256	-34	-178	-1,279	-1,279
Repurchase of Common Equity	-	-29	-152	-149	-297	0.00	0.00	-25	-300	-172	-172
Issuance of Debt	468	97	509	265	406	732	83	822	214	1,448	1,448
Other Financing Activities, net	23	24	1.34	2.68	0.46	-0.44	-4.40	0.20	85	190	190
Cash Interest Paid	11	6.60	7.85	12	20	18	45	69	122	124	124
Cash Income Taxes Paid	8.01	28	43	13	27	-9.35	22	-30	9.70	20	20

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	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	4/30/2023	7/30/2023	10/29/2023	2/4/2024	5/5/2024	8/6/2024	11/5/2024	2/4/2025	5/6/2025	8/5/2025	11/4/2025
Net Change in Cash & Equivalents	-90	-8.90	-19	-27	-5.20	-19	-4.50	-1.70	5.00	0.10	1.60
Net Cash From Operating Activities	92	104	71	97	109	102	-7.20	109	96	34	58
Net Cash From Continuing Operating Activities	92	104	71	97	109	102	-7.20	109	96	34	58
Net Income / (Loss) Continuing Operations	70	26	-5.20	36	41	40	-33	9.30	22	11	-42
Consolidated Net Income / (Loss)	70	26	-5.20	36	41	40	-33	9.30	22	11	-42
Depreciation Expense	49	49	52	59	63	58	54	64	63	65	63
Non-Cash Adjustments To Reconcile Net Income	10	25	8.60	8.50	9.80	8.70	30	17	5.10	12	6.70
Changes in Operating Assets and Liabilities, net	-37	4.00	16	-6.00	-5.20	-4.70	-59	19	5.80	-54	30
Net Cash From Investing Activities	-51	-83	-74	-122	-113	-116	-131	-170	-155	-85	-79
Net Cash From Continuing Investing Activities	-51	-83	-74	-122	-113	-116	-131	-170	-155	-85	-79
Purchase of Property, Plant & Equipment	-51	-83	-74	-123	-113	-116	-131	-170	-155	-89	-79
Net Cash From Financing Activities	-132	-30	-16	-2.00	-1.20	-4.90	134	59	64	51	22
Net Cash From Continuing Financing Activities	-132	-30	-16	-2.00	-1.20	-4.90	134	59	64	51	22
Repayment of Debt	-4.30	-43	-59	-72	-78	-188	-791	-222	-202	-238	-178
Issuance of Debt	0.00	87	59	67	81	189	924	254	290	216	179
Other Financing Activities, net	-0.50	-1.30	84	2.60	5.80	45	29	111	-0.50	73	21
Cash Interest Paid	27	31	18	47	36	24	34	30	29	41	37
Cash Income Taxes Paid	1.30	17	-17	9.10	0.10	2.80	17	0.10	-1.40	10	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	2/4/2025
Total Assets	1,004	1,053	1,197	1,273	2,370	2,353	2,346	3,761	3,754	4,016	4,016
Total Current Assets	110	76	95	91	79	119	146	294	138	94	94
Cash & Equivalents	25	20	19	22	25	12	26	182	37	6.90	6.90
Accounts Receivable	-	-	-	-	-	-	-	22	22	20	20
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	19
Current Deferred & Refundable Income Taxes	34	5.90	4.87	1.88	2.33	70	65	26	23	9.10	9.10
Plant, Property, & Equipment, net	524	607	726	805	901	815	779	1,180	1,333	1,635	1,635
Total Noncurrent Assets	370	370	376	377	1,391	1,419	1,422	2,287	2,284	2,287	2,287
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	10
Other Noncurrent Operating Assets	18	16	16	18	1,031	1,061	1,060	1,364	1,358	1,356	1,356
Total Liabilities & Shareholders' Equity	1,004	1,053	1,197	1,273	2,370	2,353	2,346	3,761	3,754	4,016	4,016
Total Liabilities	657	613	775	885	2,200	2,200	2,070	3,351	3,503	3,870	3,870
Total Current Liabilities	157	178	208	244	291	272	312	438	436	434	434
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	134
Accrued Expenses	104	112	135	157	207	235	248	343	306	291	291
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	3,436
Long-Term Debt	330	257	351	378	633	596	431	1,223	1,284	1,479	1,479
Noncurrent Deferred & Payable Income Tax Liabilities	35	14	10	15	19	14	12	66	90	73	73
Other Noncurrent Operating Liabilities	10	17	21	24	1,258	1,318	1,315	1,624	1,694	1,884	1,884
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	146
Total Preferred & Common Equity	346	439	422	388	170	153	275	411	251	146	146
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	146
Common Stock	281	311	321	332	340	532	549	578	598	611	611
Retained Earnings	66	144	248	354	433	226	335	472	599	658	658
Treasury Stock	-	-15	-147	-297	-595	-596	-605	-	-945	-	-1,121
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-0.68	-8.37	-9.09	-3.63	-0.90	-0.90	-1.60	-1.60

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	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	7/31/2022	10/30/2022	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
Total Assets	3,651	3,685	3,694	3,729	3,698	3,785	3,834	3,941	4,065	4,093	4,131
Total Current Assets	215	234	208	208	157	138	96	112	113	117	122
Cash & Equivalents	100	108	92	83	64	32	13	8.60	12	12	14
Accounts Receivable	-	-	20	23	20	21	16	22	29	24	17
Inventories, net	47	45	48	44	43	38	37	38	41	39	40
Prepaid Expenses	18	16	27	25	23	34	25	21	30	27	19
Current Deferred & Refundable Income Taxes	35	46	21	33	6.10	13	4.90	23	1.00	15	32
Plant, Property, & Equipment, net	1,150	1,156	1,186	1,222	1,243	1,371	1,425	1,520	1,687	1,727	1,740
Total Noncurrent Assets	2,287	2,296	2,301	2,300	2,298	2,276	2,313	2,309	2,265	2,250	2,269
Goodwill	729	787	742	743	743	743	743	743	743	743	743
Intangible Assets	190	178	178	178	178	178	178	178	178	178	178
Noncurrent Deferred & Refundable Income Taxes	8.21	1.35	0.40	-	5.50	6.10	7.20	7.30	11	9.40	10
Other Noncurrent Operating Assets	1,360	1,329	1,381	1,379	1,372	1,349	1,385	1,381	1,333	1,319	1,338
Total Liabilities & Shareholders' Equity	3,651	3,685	3,694	3,729	3,698	3,785	3,834	3,941	4,065	4,093	4,131
Total Liabilities	3,294	3,324	3,335	3,415	3,486	3,493	3,550	3,715	3,918	3,927	4,000
Total Current Liabilities	408	406	410	423	419	424	408	391	431	350	378
Short-Term Debt	8.50	8.50	8.50	9.00	9.00	9.00	9.00	7.00	7.00	7.00	7.00
Accounts Payable	67	57	64	70	70	109	84	90	110	59	91
Accrued Expenses	330	339	332	341	339	303	308	293	300	282	277
Current Deferred & Payable Income Tax Liabilities	1.35	1.27	4.90	3.10	2.10	2.70	7.30	0.50	15	1.60	2.90
Total Noncurrent Liabilities	2,887	2,918	2,925	2,993	3,067	3,069	3,141	3,324	3,487	3,577	3,622
Long-Term Debt	1,220	1,222	1,221	1,279	1,281	1,289	1,292	1,445	1,570	1,550	1,553
Noncurrent Deferred & Payable Income Tax Liabilities	13	57	78	84	74	91	86	84	59	76	79
Other Noncurrent Operating Liabilities	1,654	1,638	1,626	1,630	1,712	1,689	1,763	1,795	1,858	1,952	1,991
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	356	361	360	314	212	293	284	227	147	166	131
Total Preferred & Common Equity	356	361	360	314	212	293	284	227	147	166	131
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	356	361	360	314	212	293	284	227	147	166	131
Common Stock	563	567	585	591	594	610	612	615	614	621	630
Retained Earnings	431	433	542	568	563	641	681	648	679	691	649
Treasury Stock	-637	-638	-767	-844	-945	-957	-1,008	-1,036	-1,145	-1,145	-1,146
Accumulated Other Comprehensive Income / (Loss)	-0.91	-1.02	-0.90	-0.80	-1.10	-1.00	-1.00	-1.00	-1.20	-1.10	-1.60

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	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	4/30/2023	7/30/2023	10/29/2023	2/4/2024	5/5/2024	8/6/2024	11/5/2024	2/4/2025	5/6/2025	8/5/2025	11/4/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	32.41%	15.73%	-2.97%	6.26%	-1.54%	2.77%	-2.98%	-10.77%	-3.47%	0.05%	-1.06%
EBITDA Growth	29.02%	32.70%	-10.19%	17.35%	-12.92%	12.52%	-14.61%	-27.01%	-14.77%	-16.76%	-22.26%
EBIT Growth	23.00%	36.46%	-38.21%	15.93%	-29.57%	9.60%	-66.13%	-50.73%	-26.08%	-37.28%	-357.14%
NOPAT Growth	23.87%	39.49%	-61.30%	0.58%	-28.00%	11.22%	-66.13%	-27.48%	-23.10%	-37.22%	-357.14%
Net Income Growth	4.63%	-11.00%	-373.68%	-7.67%	-40.94%	55.60%	-528.85%	-74.24%	-47.58%	-71.71%	-28.75%
EPS Growth	7.41%	1.69%	-400.00%	17.28%	-31.72%	65.00%	-600.00%	-66.32%	-37.37%	-67.68%	-45.24%
Operating Cash Flow Growth	-37.82%	22.84%	4.27%	-32.22%	17.75%	-1.93%	-110.17%	12.04%	-11.95%	-66.60%	905.56%
Free Cash Flow Firm Growth	-699.43%	103.22%	107.86%	102.55%	100.92%	-44.01%	-487.99%	-489.69%	-1,550.78%	-779.09%	91.85%
Invested Capital Growth	132.38%	2.38%	-3.07%	3.21%	4.05%	3.50%	16.13%	7.84%	9.80%	8.77%	0.43%
Revenue Q/Q Growth	5.96%	-9.24%	-13.87%	28.29%	-1.82%	-5.27%	-18.69%	17.99%	0.00%	-1.81%	-19.59%
EBITDA Q/Q Growth	34.94%	-25.90%	-44.14%	110.07%	0.14%	-4.25%	-57.61%	79.57%	0.00%	-6.49%	-60.41%
EBIT Q/Q Growth	57.25%	-36.49%	-75.88%	381.18%	-4.47%	-1.17%	-92.54%	600.00%	0.00%	-16.14%	-130.57%
NOPAT Q/Q Growth	45.16%	-35.51%	-78.48%	399.30%	3.91%	-0.37%	-93.45%	968.97%	0.00%	-18.67%	-126.84%
Net Income Q/Q Growth	79.28%	-63.05%	-120.08%	794.23%	14.68%	-2.66%	-181.14%	128.44%	0.00%	-47.47%	-469.30%
EPS Q/Q Growth	79.01%	-58.62%	-120.00%	891.67%	4.21%	0.00%	-184.85%	138.10%	0.00%	-48.39%	-481.25%
Operating Cash Flow Q/Q Growth	-35.56%	12.34%	-31.79%	37.29%	11.93%	-6.43%	-107.07%	1,612.50%	0.00%	-64.51%	70.59%
Free Cash Flow Firm Q/Q Growth	-6.30%	103.32%	132.83%	-68.94%	-61.82%	102.82%	-1,713.47%	68.81%	0.00%	5.06%	80.64%
Invested Capital Q/Q Growth	2.60%	1.44%	-5.37%	4.80%	3.43%	0.90%	6.17%	-2.68%	0.00%	-0.04%	-1.97%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	84.21%	83.93%	83.64%	85.59%	85.16%	85.32%	85.03%	85.50%	85.54%	86.29%	85.83%
EBITDA Margin	28.51%	23.28%	15.10%	24.72%	25.22%	25.49%	13.29%	20.22%	22.27%	21.21%	10.44%
Operating Margin	20.32%	14.22%	3.98%	14.94%	14.54%	15.17%	1.39%	8.25%	11.13%	9.51%	-3.61%
EBIT Margin	20.32%	14.22%	3.98%	14.94%	14.54%	15.17%	1.39%	8.25%	11.13%	9.51%	-3.61%
Profit (Net Income) Margin	11.74%	4.78%	-1.11%	6.03%	7.04%	7.23%	-7.22%	1.74%	3.82%	2.05%	-9.39%
Tax Burden Percent	77.29%	78.48%	50.49%	72.64%	79.01%	79.64%	78.23%	106.90%	82.20%	79.72%	74.65%
Interest Burden Percent	74.71%	42.80%	-55.38%	55.53%	61.29%	59.88%	-663.49%	19.73%	41.77%	26.98%	348.15%
Effective Tax Rate	22.71%	21.52%	0.00%	27.36%	20.99%	20.36%	0.00%	-6.90%	17.80%	20.28%	0.00%
Return on Invested Capital (ROIC)	30.95%	16.23%	4.14%	16.13%	16.51%	17.28%	1.38%	12.01%	0.00%	0.00%	-3.19%
ROIC Less NNEP Spread (ROIC-NNEP)	27.63%	13.27%	2.59%	13.63%	14.33%	15.11%	-1.40%	9.24%	0.00%	0.00%	-5.24%
Return on Net Nonoperating Assets (RNNOA)	55.56%	46.14%	10.63%	47.47%	52.81%	62.92%	-8.55%	63.68%	0.00%	0.00%	-43.87%
Return on Equity (ROE)	86.51%	62.38%	14.77%	63.60%	69.31%	80.20%	-7.17%	75.70%	0.00%	0.00%	-47.06%
Cash Return on Invested Capital (CROIC)	-58.57%	13.86%	19.47%	12.93%	9.97%	10.78%	-1.80%	4.20%	-9.35%	-8.41%	5.60%
Operating Return on Assets (OROA)	13.98%	8.42%	2.34%	8.77%	8.54%	8.87%	0.80%	4.53%	0.00%	0.00%	-1.89%
Return on Assets (ROA)	8.07%	2.83%	-0.65%	3.54%	4.13%	4.23%	-4.15%	0.96%	0.00%	0.00%	-4.91%
Return on Common Equity (ROCE)	86.51%	62.38%	14.77%	63.60%	69.31%	80.20%	-7.17%	75.70%	0.00%	0.00%	-47.06%
Return on Equity Simple (ROE_SIMPLE)	38.96%	43.58%	61.39%	0.00%	33.57%	39.59%	37.56%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	94	61	13	65	68	67	4.41	47	52	42	-11
NOPAT Margin	15.71%	11.16%	2.79%	10.85%	11.49%	12.08%	0.97%	8.82%	9.15%	7.58%	-2.53%
Net Nonoperating Expense Percent (NNEP)	3.32%	2.97%	1.55%	2.51%	2.18%	2.17%	2.78%	2.77%	2.14%	2.18%	2.06%
Return On Investment Capital (ROIC_SIMPLE)	-	-	0.87%	-	4.25%	-	0.26%	2.89%	3.01%	2.45%	-0.67%
Cost of Revenue to Revenue	15.79%	16.07%	16.36%	14.41%	14.84%	14.68%	14.97%	14.50%	14.46%	13.71%	14.17%
SG&A Expenses to Revenue	54.91%	59.92%	67.68%	59.92%	58.77%	59.09%	70.60%	59.53%	61.26%	64.16%	74.21%
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	63.89%	69.71%	79.65%	70.65%	70.62%	70.15%	83.64%	77.25%	74.41%	76.79%	89.45%
Earnings before Interest and Taxes (EBIT)	121	77	19	90	86	85	6.30	44	63	53	-16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	170	126	71	148	148	142	60	108	126	118	47
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.77	6.20	7.03	8.83	7.28	4.50	6.66	7.23	4.63	5.51	3.76
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)	0.81	0.89	0.69	1.01	0.97	0.58	0.69	0.49	0.00	0.00	0.23
Price to Earnings (P/E)	12.24	14.22	11.45	17.48	21.68	11.36	17.72	18.08	0.00	0.00	1,637.42
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	8.17%	7.03%	8.73%	5.72%	4.61%	8.80%	5.64%	5.53%	0.00%	0.00%	0.06%
Enterprise Value to Invested Capital (EV/IC)	1.91	2.08	1.89	2.31	2.18	1.63	1.77	1.56	1.31	1.44	1.21
Enterprise Value to Revenue (EV/Rev)	1.35	1.44	1.25	1.58	1.55	1.16	1.34	1.19	0.00	0.00	0.97
Enterprise Value to EBITDA (EV/EBITDA)	6.07	6.29	5.50	6.74	6.88	5.04	5.92	5.52	0.00	0.00	5.10
Enterprise Value to EBIT (EV/EBIT)	10.01	10.31	9.22	11.33	12.54	9.23	11.10	11.49	0.00	0.00	14.14
Enterprise Value to NOPAT (EV/NOPAT)	12.64	12.96	11.37	14.56	15.94	11.67	14.47	13.78	0.00	0.00	20.20
Enterprise Value to Operating Cash Flow (EV/OCF)	7.35	7.74	6.61	9.54	8.92	6.78	9.82	8.11	0.00	0.00	6.87
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	15.15	9.54	18.12	22.27	15.40	0.00	38.55	0.00	0.00	21.75
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.42	4.10	6.10	5.15	4.44	4.58	6.41	10.19	10.74	9.37	11.93
Long-Term Debt to Equity	3.39	4.07	6.06	5.11	4.41	4.54	6.38	10.14	10.69	9.32	11.87
Financial Leverage	2.01	3.48	4.10	3.48	3.69	4.16	6.09	6.89	6.44	6.29	8.36
Leverage Ratio	8.62	11.00	12.89	11.36	11.46	12.63	17.43	19.57	17.87	17.59	22.58
Compound Leverage Factor	6.44	4.71	-7.14	6.31	7.03	7.56	-115.66	3.86	7.46	4.75	78.63
Debt to Total Capital	77.36%	80.38%	85.91%	83.73%	81.61%	82.07%	86.50%	91.07%	91.48%	90.35%	92.26%
Short-Term Debt to Total Capital	0.53%	0.56%	0.60%	0.58%	0.57%	0.57%	0.42%	0.43%	0.41%	0.41%	0.41%
Long-Term Debt to Total Capital	76.82%	79.81%	85.31%	83.15%	81.05%	81.50%	86.08%	90.64%	91.08%	89.95%	91.85%
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	22.64%	19.62%	14.09%	16.27%	18.39%	17.93%	13.50%	8.93%	8.52%	9.65%	7.74%
Debt to EBITDA	2.62	2.57	2.62	2.51	2.63	2.56	2.91	3.24	0.00	0.00	3.90
Net Debt to EBITDA	2.42	2.40	2.49	2.44	2.57	2.53	2.89	3.23	0.00	0.00	3.87
Long-Term Debt to EBITDA	2.60	2.55	2.60	2.49	2.61	2.54	2.90	3.23	0.00	0.00	3.89
Debt to NOPAT	5.44	5.29	5.40	5.42	6.09	5.92	7.12	8.08	0.00	0.00	15.46
Net Debt to NOPAT	5.04	4.95	5.14	5.26	5.94	5.86	7.08	8.05	0.00	0.00	15.33
Long-Term Debt to NOPAT	5.41	5.25	5.37	5.38	6.05	5.88	7.08	8.05	0.00	0.00	15.39
Altman Z-Score	1.13	1.14	0.99	1.17	1.17	1.02	0.95	0.86	0.30	0.35	0.72
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	0.51	0.49	0.37	0.32	0.32	0.24	0.29	0.22	0.26	0.33	0.32
Quick Ratio	0.27	0.25	0.20	0.14	0.12	0.07	0.08	0.06	0.10	0.10	0.08
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-760	25	59	18	6.95	14	-227	-71	-101	-96	-19
Operating Cash Flow to CapEx	181.89%	125.67%	95.94%	79.74%	96.45%	87.83%	-5.49%	64.10%	61.97%	38.12%	73.79%
Free Cash Flow to Firm to Interest Expense	-24.74	0.57	2.03	0.46	0.21	0.42	-4.73	-2.00	-2.74	-2.47	-0.46
Operating Cash Flow to Interest Expense	3.01	2.35	2.45	2.44	3.29	3.00	-0.15	3.08	2.60	0.88	1.44
Operating Cash Flow Less CapEx to Interest Expense	1.36	0.48	-0.10	-0.62	-0.12	-0.42	-2.88	-1.72	-1.60	-1.43	-0.51
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.69	0.59	0.59	0.59	0.59	0.58	0.58	0.55	0.00	0.00	0.52
Accounts Receivable Turnover	0.00	0.00	0.00	101.16	107.39	112.52	104.63	101.56	0.00	0.00	107.82
Inventory Turnover	7.45	7.60	7.77	8.16	8.07	8.03	7.74	8.17	0.00	0.00	7.65
Fixed Asset Turnover	2.14	1.84	1.81	1.76	1.72	1.67	1.59	1.44	0.00	0.00	1.29
Accounts Payable Turnover	5.62	5.03	5.44	3.32	3.99	4.23	3.95	2.49	0.00	0.00	3.31
Days Sales Outstanding (DSO)	0.00	0.00	0.00	3.61	3.40	3.24	3.49	3.59	0.00	0.00	3.39
Days Inventory Outstanding (DIO)	49.02	48.01	46.95	44.73	45.20	45.47	47.17	44.70	0.00	0.00	47.71
Days Payable Outstanding (DPO)	64.92	72.56	67.10	110.10	91.46	86.39	92.32	146.86	0.00	0.00	110.35
Cash Conversion Cycle (CCC)	-15.90	-24.55	-20.15	-61.76	-42.86	-37.67	-41.66	-98.57	0.00	0.00	-59.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,498	1,520	1,438	1,507	1,559	1,573	1,670	1,625	1,711	1,711	1,677
Invested Capital Turnover	1.97	1.45	1.49	1.49	1.44	1.43	1.41	1.36	0.00	0.00	1.26
Increase / (Decrease) in Invested Capital	853	35	-46	47	61	53	232	118	153	138	7.20
Enterprise Value (EV)	2,855	3,154	2,714	3,474	3,395	2,567	2,952	2,533	2,245	2,460	2,037
Market Capitalization	1,717	1,949	1,488	2,218	2,129	1,279	1,508	1,054	680	915	491
Book Value per Share	$7.43	$7.33	$4.93	$6.25	$7.26	$7.19	$5.77	$3.79	$4.25	$4.81	$3.77
Tangible Book Value per Share	($11.58)	($14.13)	($16.51)	($16.66)	($15.59)	($16.08)	($17.66)	($20.13)	($22.42)	($21.82)	($22.79)
Total Capital	1,590	1,602	1,502	1,544	1,591	1,586	1,678	1,632	1,723	1,723	1,691
Total Debt	1,230	1,288	1,290	1,293	1,298	1,301	1,452	1,486	1,577	1,557	1,560
Total Long-Term Debt	1,221	1,279	1,281	1,284	1,289	1,292	1,445	1,479	1,570	1,550	1,553
Net Debt	1,138	1,205	1,226	1,256	1,266	1,288	1,443	1,479	1,565	1,545	1,546
Capital Expenditures (CapEx)	51	83	74	122	113	116	131	170	155	89	79
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-285	-288	-317	-326	-309	-316	-281	-339	-323	-238	-262
Debt-free Net Working Capital (DFNWC)	-193	-206	-253	-289	-277	-303	-272	-333	-311	-226	-249
Net Working Capital (NWC)	-202	-215	-262	-298	-286	-312	-279	-340	-318	-233	-256
Net Nonoperating Expense (NNE)	24	35	18	29	26	27	37	38	30	31	31
Net Nonoperating Obligations (NNO)	1,138	1,205	1,226	1,256	1,266	1,288	1,443	1,479	1,565	1,545	1,546
Total Depreciation and Amortization (D&A)	49	49	52	59	63	58	54	64	63	65	63
Debt-free, Cash-free Net Working Capital to Revenue	-13.50%	-13.19%	-14.62%	-14.80%	-14.09%	-14.30%	-12.77%	-15.91%	0.00%	0.00%	-12.44%
Debt-free Net Working Capital to Revenue	-9.16%	-9.41%	-11.67%	-13.11%	-12.63%	-13.71%	-12.38%	-15.59%	0.00%	0.00%	-11.79%
Net Working Capital to Revenue	-9.57%	-9.82%	-12.09%	-13.52%	-13.04%	-14.12%	-12.70%	-15.92%	0.00%	0.00%	-12.13%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.46	$0.60	($0.12)	$1.00	$1.03	$1.02	($0.84)	$0.28	$0.63	$0.33	($1.22)
Adjusted Weighted Average Basic Shares Outstanding	47.93M	43.01M	41.81M	43.20M	40.32M	39.67M	39.11M	39.07M	34.72M	34.52M	34.53M
Adjusted Diluted Earnings per Share	$1.45	$0.60	($0.12)	$0.95	$0.99	$0.99	($0.84)	$0.32	$0.62	$0.32	($1.22)
Adjusted Weighted Average Diluted Shares Outstanding	48.47M	43.38M	41.81M	44.07M	41.64M	40.78M	39.11M	40.01M	35.19M	35.14M	34.53M
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	42.92M	42.95M	40.19M	40.30M	39.56M	39.30M	38.50M	34.52M	34.58M	34.67M	34.68M
Normalized Net Operating Profit after Tax (NOPAT)	97	64	16	69	70	71	8.05	35	57	46	-8.05
Normalized NOPAT Margin	16.32%	11.74%	3.39%	11.54%	11.93%	12.67%	1.78%	6.57%	10.03%	8.17%	-1.80%
Pre Tax Income Margin	15.19%	6.09%	-2.21%	8.30%	8.91%	9.08%	-9.23%	1.63%	4.65%	2.57%	-12.58%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.95	1.75	0.64	2.25	2.58	2.49	0.13	1.25	1.72	1.37	-0.40
NOPAT to Interest Expense	3.06	1.37	0.45	1.63	2.04	1.99	0.09	1.33	1.41	1.09	-0.28
EBIT Less CapEx to Interest Expense	2.30	-0.12	-1.91	-0.81	-0.82	-0.93	-2.60	-3.55	-2.48	-0.94	-2.36
NOPAT Less CapEx to Interest Expense	1.40	-0.50	-2.10	-1.43	-1.37	-1.43	-2.64	-3.47	-2.79	-1.21	-2.24
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	108.35%	145.99%	230.95%	236.41%	186.25%	142.10%	103.41%	294.85%	0.00%	0.00%	35,933.33%

Financials Breakdown Chart

Key Financial Trends

Dave & Buster’s Entertainment (NASDAQ: PLAY) shows a mix of solid operating cash flow and ongoing capital investment, with leverage remaining a key consideration. Below are the most notable trends from the last four years of quarterly statements, focusing on the four most recent years of data provided (Q1–Q3 2025, plus prior quarters as context).

Positive operating cash flow across quarters: Net cash from continuing operating activities has stayed positive in all shown quarters, including Q4 2024 (~$108.9M), Q1 2025 (~$95.8M), Q2 2025 (~$101.8M), and Q3 2025 (~$58.0M).
Liquidity support from debt issuances: The company has tapped debt in several periods to bolster liquidity, notably Q4 2024 (+$254.0M), Q2 2025 (+$216.0M), and Q3 2025 (+$179.0M).
Profits improving in early 2025: Net income from continuing operations turned positive in Q1 2025 (~$21.7M) and remained positive in Q2 2025 (~$11.4M), suggesting a near-term improvement in profitability.)
Asset base expanding with capex: Plant, Property & Equipment net rose to about $1.74B by 2025 Q3, indicating ongoing capital investments and expansion of the footprint.
Top-line resilience in select quarters: Operating revenues reached about $567.7M in Q1 2025 and $557.4M in Q2 2025, showing a strong near-term revenue runway despite a softer Q3 2025.
Leverage remains high and relatively large: Long-term debt typically sits near $1.2B–$1.55B across periods, with Total Liabilities generally well above equity, indicating a heavily indebted balance sheet.
Cash on hand is modest vs. debt: Cash & Equivalents hovered roughly in the $12M range in 2025 quarters (e.g., $11.9M–$13.6M), signaling liquidity constraints despite positive operating cash flow.
Seasonal revenue variations: Q3 2025 revenue (~$448.2M) was notably lower than Q1/Q2 levels, pointing to seasonality or quarterly mix that can impact near-term results.
Net income volatility persists: Q3 2025 net income from continuing operations was negative (-$42.1M), highlighting ongoing earnings volatility despite earlier improvements in 2025.
Significant cash outflows for investing activities: Substantial capital expenditures and related investing outflows in multiple periods (e.g., Q4 2024 investing around -$169.9M, Q3 2025 around -$78.6M, Q2 2025 around -$84.7M) reduce near-term free cash flow.

05/22/26 05:19 PM 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 financial year ends in February. Their financial year 2025 ended on February 4, 2025.

Dave & Buster's Entertainment's net income were at $58.30 million at the end of 2025, which was unchanged from 2024, and a 2.2% decrease since 2015. 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 $220.40 million, based on the following breakdown:

Total Gross Profit: $1.82 billion
Total Operating Expenses: $1.60 billion

Over the last 10 years, Dave & Buster's Entertainment's total revenue changed from $866.98 million in 2015 to $2.13 billion in 2025, a change of 146.0%.

Dave & Buster's Entertainment's total liabilities were at $3.87 billion at the end of 2025, which was unchanged from 2024, and a 488.7% 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 $6.90 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%.

Related Companies

Financial statements for NASDAQ:PLAY last updated on 12/10/2025 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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