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

$10.55 0.00 (0.00%)

As of 12:24 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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	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	2/3/2026	5/5/2026
Net Income / (Loss) Attributable to Common Shareholders	-5.20	36	41	40	-33	9.30	22	11	-42	-40	5.70
Consolidated Net Income / (Loss)	-5.20	36	41	40	-33	9.30	22	11	-42	-40	5.70
Net Income / (Loss) Continuing Operations	-5.20	36	41	40	-33	9.30	22	11	-42	-40	5.70
Total Pre-Tax Income	-10	50	52	51	-42	8.70	26	14	-56	-52	10
Total Operating Income	19	90	86	85	6.30	44	63	53	-16	-14	47
Total Gross Profit	391	513	501	475	385	457	486	481	385	451	479
Total Revenue	467	599	588	557	453	535	568	557	448	530	559
Operating Revenue	467	599	588	557	453	535	568	557	448	530	559
Total Cost of Revenue	76	86	87	82	68	78	82	76	64	78	80
Operating Cost of Revenue	76	86	87	82	68	78	82	76	64	78	80
Total Operating Expenses	372	423	415	391	379	413	422	428	401	465	433
Selling, General & Admin Expense	316	359	346	330	317	318	348	358	333	340	354
Depreciation Expense	52	59	63	58	54	64	63	65	63	88	71
Other Operating Expenses / (Income)	-	-	3.60	-0.60	3.30	-	5.30	1.10	0.60	33	1.90
Other Special Charges / (Income)	4.00	5.70	3.30	4.10	5.20	6.10	6.10	4.10	4.70	4.10	5.40
Total Other Income / (Expense), net	-29	-40	-33	-34	-48	-35	-37	-39	-40	-38	-37
Interest Expense	29	40	33	34	48	35	37	39	40	38	37
Income Tax Expense	-5.10	14	11	10	-9.10	-0.60	4.70	2.90	-14	-13	4.30
Basic Earnings per Share	($0.12)	$1.00	$1.03	$1.02	($0.84)	$0.28	$0.63	$0.33	($1.22)	($1.14)	$0.16
Weighted Average Basic Shares Outstanding	41.81M	43.20M	40.32M	39.67M	39.11M	39.07M	34.72M	34.52M	34.53M	34.67M	34.66M
Diluted Earnings per Share	($0.12)	$0.95	$0.99	$0.99	($0.84)	$0.32	$0.62	$0.32	($1.22)	($1.12)	$0.16
Weighted Average Diluted Shares Outstanding	41.81M	44.07M	41.64M	40.78M	39.11M	40.01M	35.19M	35.14M	34.53M	34.67M	34.94M
Weighted Average Basic & Diluted Shares Outstanding	40.19M	40.30M	39.56M	39.30M	38.50M	34.52M	34.58M	34.67M	34.68M	34.74M	34.79M

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	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	2/3/2026	5/5/2026
Net Change in Cash & Equivalents	-19	-27	-5.20	-19	-4.50	-1.70	5.00	0.10	1.60	3.00	3.00
Net Cash From Operating Activities	71	97	109	102	-7.20	109	96	34	58	103	114
Net Cash From Continuing Operating Activities	71	97	109	102	-7.20	109	96	34	58	103	114
Net Income / (Loss) Continuing Operations	-5.20	36	41	40	-33	9.30	22	11	-42	-40	5.70
Consolidated Net Income / (Loss)	-5.20	36	41	40	-33	9.30	22	11	-42	-40	5.70
Depreciation Expense	52	59	63	58	54	64	63	65	63	88	71
Non-Cash Adjustments To Reconcile Net Income	8.60	8.50	9.80	8.70	30	17	5.10	12	6.70	32	8.70
Changes in Operating Assets and Liabilities, net	16	-6.00	-5.20	-4.70	-59	19	5.80	-54	30	23	29
Net Cash From Investing Activities	-74	-122	-113	-116	-131	-170	-155	-85	-79	-69	-105
Net Cash From Continuing Investing Activities	-74	-122	-113	-116	-131	-170	-155	-85	-79	-69	-105
Purchase of Property, Plant & Equipment	-74	-123	-113	-116	-131	-170	-155	-89	-79	-69	-105
Net Cash From Financing Activities	-16	-2.00	-1.20	-4.90	134	59	64	51	22	-31	-5.50
Net Cash From Continuing Financing Activities	-16	-2.00	-1.20	-4.90	134	59	64	51	22	-31	-5.50
Repayment of Debt	-59	-72	-78	-188	-791	-222	-202	-238	-178	-168	-157
Repurchase of Common Equity	-100	-	-9.80	-50	-28	-84	-24	-	-	-	0.00
Issuance of Debt	59	67	81	189	924	254	290	216	179	128	135
Other Financing Activities, net	84	2.60	5.80	45	29	111	-0.50	73	21	9.40	16
Cash Interest Paid	18	47	36	24	34	30	29	41	37	20	36
Cash Income Taxes Paid	-17	9.10	0.10	2.80	17	0.10	-1.40	10	0.30	1.90	0.00

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
Treasury Stock	-	-15	-147	-297	-595	-596	-605	-	-945	-	-1,147
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-0.68	-8.37	-9.09	-3.63	-0.90	-0.90	-1.60	-1.10

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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	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	5/5/2026
Total Assets	3,685	3,694	3,729	3,698	3,785	3,834	3,941	4,065	4,093	4,131	4,136
Total Current Assets	234	208	208	157	138	96	112	113	117	122	131
Cash & Equivalents	108	92	83	64	32	13	8.60	12	12	14	20
Accounts Receivable	-	20	23	20	21	16	22	29	24	17	14
Inventories, net	45	48	44	43	38	37	38	41	39	40	40
Prepaid Expenses	16	27	25	23	34	25	21	30	27	19	23
Current Deferred & Refundable Income Taxes	46	21	33	6.10	13	4.90	23	1.00	15	32	34
Plant, Property, & Equipment, net	1,156	1,186	1,222	1,243	1,371	1,425	1,520	1,687	1,727	1,740	1,741
Total Noncurrent Assets	2,296	2,301	2,300	2,298	2,276	2,313	2,309	2,265	2,250	2,269	2,264
Goodwill	787	742	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	1.35	0.40	-	5.50	6.10	7.20	7.30	11	9.40	10	9.00
Other Noncurrent Operating Assets	1,329	1,381	1,379	1,372	1,349	1,385	1,381	1,333	1,319	1,338	1,335
Total Liabilities & Shareholders' Equity	3,685	3,694	3,729	3,698	3,785	3,834	3,941	4,065	4,093	4,131	4,136
Total Liabilities	3,324	3,335	3,415	3,486	3,493	3,550	3,715	3,918	3,927	4,000	4,036
Total Current Liabilities	406	410	423	419	424	408	391	431	350	378	452
Short-Term Debt	8.50	8.50	9.00	9.00	9.00	9.00	7.00	7.00	7.00	7.00	7.00
Accounts Payable	57	64	70	70	109	84	90	110	59	91	142
Accrued Expenses	339	332	341	339	303	308	293	300	282	277	301
Current Deferred & Payable Income Tax Liabilities	1.27	4.90	3.10	2.10	2.70	7.30	0.50	15	1.60	2.90	2.30
Total Noncurrent Liabilities	2,918	2,925	2,993	3,067	3,069	3,141	3,324	3,487	3,577	3,622	3,584
Long-Term Debt	1,222	1,221	1,279	1,281	1,289	1,292	1,445	1,570	1,550	1,553	1,495
Noncurrent Deferred & Payable Income Tax Liabilities	57	78	84	74	91	86	84	59	76	79	71
Other Noncurrent Operating Liabilities	1,638	1,626	1,630	1,712	1,689	1,763	1,795	1,858	1,952	1,991	2,019
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	361	360	314	212	293	284	227	147	166	131	100
Total Preferred & Common Equity	361	360	314	212	293	284	227	147	166	131	100
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	361	360	314	212	293	284	227	147	166	131	100
Common Stock	567	585	591	594	610	612	615	614	621	630	633
Retained Earnings	433	542	568	563	641	681	648	679	691	649	615
Treasury Stock	-638	-767	-844	-945	-957	-1,008	-1,036	-1,145	-1,145	-1,146	-1,147
Accumulated Other Comprehensive Income / (Loss)	-1.02	-0.90	-0.80	-1.10	-1.00	-1.00	-1.00	-1.20	-1.10	-1.60	-0.90

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	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	2/3/2026	5/5/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	34,680,265.00	34,739,405.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	34,680,265.00	34,739,405.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-1.14	0.16
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.97%	6.26%	-1.54%	2.77%	-2.98%	-10.77%	-3.47%	0.05%	-1.06%	-0.94%	-1.50%
EBITDA Growth	-10.19%	17.35%	-12.92%	12.52%	-14.61%	-27.01%	-14.77%	-16.76%	-22.26%	-31.45%	-6.80%
EBIT Growth	-38.21%	15.93%	-29.57%	9.60%	-66.13%	-50.73%	-26.08%	-37.28%	-357.14%	-131.52%	-25.79%
NOPAT Growth	-61.30%	0.58%	-28.00%	11.22%	-66.13%	-27.48%	-23.10%	-37.22%	-357.14%	-120.64%	-48.54%
Net Income Growth	-373.68%	-7.67%	-40.94%	55.60%	-528.85%	-74.24%	-47.58%	-71.71%	-28.75%	-526.88%	-73.73%
EPS Growth	-400.00%	17.28%	-31.72%	65.00%	-600.00%	-66.32%	-37.37%	-67.68%	-45.24%	-450.00%	-74.19%
Operating Cash Flow Growth	4.27%	-32.22%	17.75%	-1.93%	-110.17%	12.04%	-11.95%	-66.60%	905.56%	-5.42%	18.79%
Free Cash Flow Firm Growth	107.86%	102.55%	100.92%	-44.01%	-487.99%	-489.69%	-1,550.78%	-779.09%	91.85%	126.31%	254.52%
Invested Capital Growth	-3.07%	3.21%	4.05%	3.50%	16.13%	7.84%	9.80%	8.77%	0.43%	-1.75%	-7.54%
Revenue Q/Q Growth	-13.87%	28.29%	-1.82%	-5.27%	-18.69%	17.99%	0.00%	-1.81%	-19.59%	18.14%	5.61%
EBITDA Q/Q Growth	-44.14%	110.07%	0.14%	-4.25%	-57.61%	79.57%	0.00%	-6.49%	-60.41%	58.33%	58.97%
EBIT Q/Q Growth	-75.88%	381.18%	-4.47%	-1.17%	-92.54%	600.00%	0.00%	-16.14%	-130.57%	14.20%	437.41%
NOPAT Q/Q Growth	-78.48%	399.30%	3.91%	-0.37%	-93.45%	968.97%	0.00%	-18.67%	-126.84%	14.20%	374.75%
Net Income Q/Q Growth	-120.08%	794.23%	14.68%	-2.66%	-181.14%	128.44%	0.00%	-47.47%	-469.30%	5.70%	114.36%
EPS Q/Q Growth	-120.00%	891.67%	4.21%	0.00%	-184.85%	138.10%	0.00%	-48.39%	-481.25%	8.20%	114.29%
Operating Cash Flow Q/Q Growth	-31.79%	37.29%	11.93%	-6.43%	-107.07%	1,612.50%	0.00%	-64.51%	70.59%	77.59%	10.49%
Free Cash Flow Firm Q/Q Growth	132.83%	-68.94%	-61.82%	102.82%	-1,713.47%	68.81%	0.00%	5.06%	80.64%	200.70%	734.67%
Invested Capital Q/Q Growth	-5.37%	4.80%	3.43%	0.90%	6.17%	-2.68%	0.00%	-0.04%	-1.97%	-4.79%	-0.90%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	83.64%	85.59%	85.16%	85.32%	85.03%	85.50%	85.54%	86.29%	85.83%	85.21%	85.73%
EBITDA Margin	15.10%	24.72%	25.22%	25.49%	13.29%	20.22%	22.27%	21.21%	10.44%	13.99%	21.07%
Operating Margin	3.98%	14.94%	14.54%	15.17%	1.39%	8.25%	11.13%	9.51%	-3.61%	-2.63%	8.39%
EBIT Margin	3.98%	14.94%	14.54%	15.17%	1.39%	8.25%	11.13%	9.51%	-3.61%	-2.63%	8.39%
Profit (Net Income) Margin	-1.11%	6.03%	7.04%	7.23%	-7.22%	1.74%	3.82%	2.05%	-9.39%	-7.50%	1.02%
Tax Burden Percent	50.49%	72.64%	79.01%	79.64%	78.23%	106.90%	82.20%	79.72%	74.65%	76.05%	57.00%
Interest Burden Percent	-55.38%	55.53%	61.29%	59.88%	-663.49%	19.73%	41.77%	26.98%	348.15%	375.54%	21.32%
Effective Tax Rate	0.00%	27.36%	20.99%	20.36%	0.00%	-6.90%	17.80%	20.28%	0.00%	0.00%	43.00%
Return on Invested Capital (ROIC)	4.14%	16.13%	16.51%	17.28%	1.38%	12.01%	0.00%	0.00%	-3.19%	-2.40%	6.08%
ROIC Less NNEP Spread (ROIC-NNEP)	2.59%	13.63%	14.33%	15.11%	-1.40%	9.24%	0.00%	0.00%	-5.24%	-4.41%	4.70%
Return on Net Nonoperating Assets (RNNOA)	10.63%	47.47%	52.81%	62.92%	-8.55%	63.68%	0.00%	0.00%	-43.87%	-55.50%	58.11%
Return on Equity (ROE)	14.77%	63.60%	69.31%	80.20%	-7.17%	75.70%	0.00%	0.00%	-47.06%	-57.90%	64.19%
Cash Return on Invested Capital (CROIC)	19.47%	12.93%	9.97%	10.78%	-1.80%	4.20%	-9.35%	-8.41%	5.60%	5.50%	10.81%
Operating Return on Assets (OROA)	2.34%	8.77%	8.54%	8.87%	0.80%	4.53%	0.00%	0.00%	-1.89%	-1.36%	4.28%
Return on Assets (ROA)	-0.65%	3.54%	4.13%	4.23%	-4.15%	0.96%	0.00%	0.00%	-4.91%	-3.88%	0.52%
Return on Common Equity (ROCE)	14.77%	63.60%	69.31%	80.20%	-7.17%	75.70%	0.00%	0.00%	-47.06%	-57.90%	64.19%
Return on Equity Simple (ROE_SIMPLE)	61.39%	0.00%	33.57%	39.59%	37.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	13	65	68	67	4.41	47	52	42	-11	-9.73	27
NOPAT Margin	2.79%	10.85%	11.49%	12.08%	0.97%	8.82%	9.15%	7.58%	-2.53%	-1.84%	4.78%
Net Nonoperating Expense Percent (NNEP)	1.55%	2.51%	2.18%	2.17%	2.78%	2.77%	2.14%	2.18%	2.06%	2.01%	1.38%
Return On Investment Capital (ROIC_SIMPLE)	0.87%	-	4.25%	-	0.26%	2.89%	3.01%	2.45%	-0.67%	-0.60%	1.67%
Cost of Revenue to Revenue	16.36%	14.41%	14.84%	14.68%	14.97%	14.50%	14.46%	13.71%	14.17%	14.79%	14.27%
SG&A Expenses to Revenue	67.68%	59.92%	58.77%	59.09%	70.60%	59.53%	61.26%	64.16%	74.21%	64.19%	63.36%
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	79.65%	70.65%	70.62%	70.15%	83.64%	77.25%	74.41%	76.79%	89.45%	87.84%	77.34%
Earnings before Interest and Taxes (EBIT)	19	90	86	85	6.30	44	63	53	-16	-14	47
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	71	148	148	142	60	108	126	118	47	74	118
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.03	8.83	7.28	4.50	6.66	7.23	4.63	5.51	3.76	7.39	3.65
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)	0.69	1.01	0.97	0.58	0.69	0.49	0.00	0.00	0.23	0.32	0.17
Price to Earnings (P/E)	11.45	17.48	21.68	11.36	17.72	18.08	0.00	0.00	1,637.42	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	8.73%	5.72%	4.61%	8.80%	5.64%	5.53%	0.00%	0.00%	0.06%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.89	2.31	2.18	1.63	1.77	1.56	1.31	1.44	1.21	1.36	1.17
Enterprise Value to Revenue (EV/Rev)	1.25	1.58	1.55	1.16	1.34	1.19	0.00	0.00	0.97	1.04	0.88
Enterprise Value to EBITDA (EV/EBITDA)	5.50	6.74	6.88	5.04	5.92	5.52	0.00	0.00	5.10	5.96	5.17
Enterprise Value to EBIT (EV/EBIT)	9.22	11.33	12.54	9.23	11.10	11.49	0.00	0.00	14.14	25.31	26.45
Enterprise Value to NOPAT (EV/NOPAT)	11.37	14.56	15.94	11.67	14.47	13.78	0.00	0.00	20.20	36.16	37.78
Enterprise Value to Operating Cash Flow (EV/OCF)	6.61	9.54	8.92	6.78	9.82	8.11	0.00	0.00	6.87	7.49	5.98
Enterprise Value to Free Cash Flow (EV/FCFF)	9.54	18.12	22.27	15.40	0.00	38.55	0.00	0.00	21.75	24.58	10.37
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	6.10	5.15	4.44	4.58	6.41	10.19	10.74	9.37	11.93	16.69	15.08
Long-Term Debt to Equity	6.06	5.11	4.41	4.54	6.38	10.14	10.69	9.32	11.87	16.61	15.01
Financial Leverage	4.10	3.48	3.69	4.16	6.09	6.89	6.44	6.29	8.36	12.59	12.37
Leverage Ratio	12.89	11.36	11.46	12.63	17.43	19.57	17.87	17.59	22.58	34.31	33.28
Compound Leverage Factor	-7.14	6.31	7.03	7.56	-115.66	3.86	7.46	4.75	78.63	128.86	7.10
Debt to Total Capital	85.91%	83.73%	81.61%	82.07%	86.50%	91.07%	91.48%	90.35%	92.26%	94.35%	93.78%
Short-Term Debt to Total Capital	0.60%	0.58%	0.57%	0.57%	0.42%	0.43%	0.41%	0.41%	0.41%	0.43%	0.44%
Long-Term Debt to Total Capital	85.31%	83.15%	81.05%	81.50%	86.08%	90.64%	91.08%	89.95%	91.85%	93.91%	93.35%
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	14.09%	16.27%	18.39%	17.93%	13.50%	8.93%	8.52%	9.65%	7.74%	5.65%	6.22%
Debt to EBITDA	2.62	2.51	2.63	2.56	2.91	3.24	0.00	0.00	3.90	4.16	4.21
Net Debt to EBITDA	2.49	2.44	2.57	2.53	2.89	3.23	0.00	0.00	3.87	4.12	4.15
Long-Term Debt to EBITDA	2.60	2.49	2.61	2.54	2.90	3.23	0.00	0.00	3.89	4.15	4.19
Debt to NOPAT	5.40	5.42	6.09	5.92	7.12	8.08	0.00	0.00	15.46	25.25	30.75
Net Debt to NOPAT	5.14	5.26	5.94	5.86	7.08	8.05	0.00	0.00	15.33	24.98	30.35
Long-Term Debt to NOPAT	5.37	5.38	6.05	5.88	7.08	8.05	0.00	0.00	15.39	25.14	30.60
Altman Z-Score	0.99	1.17	1.17	1.02	0.95	0.86	0.30	0.35	0.72	0.72	0.71
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	0.37	0.32	0.32	0.24	0.29	0.22	0.26	0.33	0.32	0.29	0.29
Quick Ratio	0.20	0.14	0.12	0.07	0.08	0.06	0.10	0.10	0.08	0.08	0.08
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	59	18	6.95	14	-227	-71	-101	-96	-19	19	156
Operating Cash Flow to CapEx	95.94%	79.74%	96.45%	87.83%	-5.49%	64.10%	61.97%	38.12%	73.79%	149.28%	108.07%
Free Cash Flow to Firm to Interest Expense	2.03	0.46	0.21	0.42	-4.73	-2.00	-2.74	-2.47	-0.46	0.49	4.22
Operating Cash Flow to Interest Expense	2.45	2.44	3.29	3.00	-0.15	3.08	2.60	0.88	1.44	2.69	3.08
Operating Cash Flow Less CapEx to Interest Expense	-0.10	-0.62	-0.12	-0.42	-2.88	-1.72	-1.60	-1.43	-0.51	0.89	0.23
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.59	0.59	0.59	0.58	0.58	0.55	0.00	0.00	0.52	0.52	0.51
Accounts Receivable Turnover	0.00	101.16	107.39	112.52	104.63	101.56	0.00	0.00	107.82	106.74	96.07
Inventory Turnover	7.77	8.16	8.07	8.03	7.74	8.17	0.00	0.00	7.65	7.54	7.31
Fixed Asset Turnover	1.81	1.76	1.72	1.67	1.59	1.44	0.00	0.00	1.29	1.25	1.22
Accounts Payable Turnover	5.44	3.32	3.99	4.23	3.95	2.49	0.00	0.00	3.31	2.31	2.37
Days Sales Outstanding (DSO)	0.00	3.61	3.40	3.24	3.49	3.59	0.00	0.00	3.39	3.42	3.80
Days Inventory Outstanding (DIO)	46.95	44.73	45.20	45.47	47.17	44.70	0.00	0.00	47.71	48.44	49.91
Days Payable Outstanding (DPO)	67.10	110.10	91.46	86.39	92.32	146.86	0.00	0.00	110.35	157.95	153.96
Cash Conversion Cycle (CCC)	-20.15	-61.76	-42.86	-37.67	-41.66	-98.57	0.00	0.00	-59.26	-106.09	-100.25
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,438	1,507	1,559	1,573	1,670	1,625	1,711	1,711	1,677	1,597	1,582
Invested Capital Turnover	1.49	1.49	1.44	1.43	1.41	1.36	0.00	0.00	1.26	1.31	1.27
Increase / (Decrease) in Invested Capital	-46	47	61	53	232	118	153	138	7.20	-28	-129
Enterprise Value (EV)	2,714	3,474	3,395	2,567	2,952	2,533	2,245	2,460	2,037	2,179	1,846
Market Capitalization	1,488	2,218	2,129	1,279	1,508	1,054	680	915	491	674	363
Book Value per Share	$4.93	$6.25	$7.26	$7.19	$5.77	$3.79	$4.25	$4.81	$3.77	$2.63	$2.87
Tangible Book Value per Share	($16.51)	($16.66)	($15.59)	($16.08)	($17.66)	($20.13)	($22.42)	($21.82)	($22.79)	($23.92)	($23.64)
Total Capital	1,502	1,544	1,591	1,586	1,678	1,632	1,723	1,723	1,691	1,613	1,602
Total Debt	1,290	1,293	1,298	1,301	1,452	1,486	1,577	1,557	1,560	1,522	1,502
Total Long-Term Debt	1,281	1,284	1,289	1,292	1,445	1,479	1,570	1,550	1,553	1,515	1,495
Net Debt	1,226	1,256	1,266	1,288	1,443	1,479	1,565	1,545	1,546	1,505	1,483
Capital Expenditures (CapEx)	74	122	113	116	131	170	155	89	79	69	105
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-317	-326	-309	-316	-281	-339	-323	-238	-262	-320	-334
Debt-free Net Working Capital (DFNWC)	-253	-289	-277	-303	-272	-333	-311	-226	-249	-304	-314
Net Working Capital (NWC)	-262	-298	-286	-312	-279	-340	-318	-233	-256	-311	-321
Net Nonoperating Expense (NNE)	18	29	26	27	37	38	30	31	31	30	21
Net Nonoperating Obligations (NNO)	1,226	1,256	1,266	1,288	1,443	1,479	1,565	1,545	1,546	1,505	1,483
Total Depreciation and Amortization (D&A)	52	59	63	58	54	64	63	65	63	88	71
Debt-free, Cash-free Net Working Capital to Revenue	-14.62%	-14.80%	-14.09%	-14.30%	-12.77%	-15.91%	0.00%	0.00%	-12.44%	-15.22%	-15.93%
Debt-free Net Working Capital to Revenue	-11.67%	-13.11%	-12.63%	-13.71%	-12.38%	-15.59%	0.00%	0.00%	-11.79%	-14.43%	-14.99%
Net Working Capital to Revenue	-12.09%	-13.52%	-13.04%	-14.12%	-12.70%	-15.92%	0.00%	0.00%	-12.13%	-14.77%	-15.33%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.12)	$1.00	$1.03	$1.02	($0.84)	$0.28	$0.63	$0.33	($1.22)	($1.14)	$0.16
Adjusted Weighted Average Basic Shares Outstanding	41.81M	43.20M	40.32M	39.67M	39.11M	39.07M	34.72M	34.52M	34.53M	34.67M	34.66M
Adjusted Diluted Earnings per Share	($0.12)	$0.95	$0.99	$0.99	($0.84)	$0.32	$0.62	$0.32	($1.22)	($1.12)	$0.16
Adjusted Weighted Average Diluted Shares Outstanding	41.81M	44.07M	41.64M	40.78M	39.11M	40.01M	35.19M	35.14M	34.53M	34.67M	34.94M
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	40.19M	40.30M	39.56M	39.30M	38.50M	34.52M	34.58M	34.67M	34.68M	34.74M	34.79M
Normalized Net Operating Profit after Tax (NOPAT)	16	69	70	71	8.05	35	57	46	-8.05	-6.86	30
Normalized NOPAT Margin	3.39%	11.54%	11.93%	12.67%	1.78%	6.57%	10.03%	8.17%	-1.80%	-1.30%	5.33%
Pre Tax Income Margin	-2.21%	8.30%	8.91%	9.08%	-9.23%	1.63%	4.65%	2.57%	-12.58%	-9.86%	1.79%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.64	2.25	2.58	2.49	0.13	1.25	1.72	1.37	-0.40	-0.36	1.27
NOPAT to Interest Expense	0.45	1.63	2.04	1.99	0.09	1.33	1.41	1.09	-0.28	-0.25	0.72
EBIT Less CapEx to Interest Expense	-1.91	-0.81	-0.82	-0.93	-2.60	-3.55	-2.48	-0.94	-2.36	-2.16	-1.58
NOPAT Less CapEx to Interest Expense	-2.10	-1.43	-1.37	-1.43	-2.64	-3.47	-2.79	-1.21	-2.24	-2.06	-2.13
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	230.95%	236.41%	186.25%	142.10%	103.41%	294.85%	0.00%	0.00%	35,933.33%	-49.08%	0.00%

Financials Breakdown Chart

Key Financial Trends

Dave & Buster’s Entertainment (NASDAQ: PLAY) showed a meaningful turnaround in Q3 2025 from the prior year, but the company is still carrying a heavy debt load and thin equity cushion. Revenue declined year over year, yet profitability improved sharply versus the year-ago quarter and operating cash flow remained positive.

What stands out over the last several quarters: PLAY’s business has been volatile. After strong profitability in early 2024, results weakened materially in the second half of 2024, with Q3 2024 posting a loss and Q1 2025 also weak. By Q2 and Q3 2025, earnings improved again, though Q3 2025 still showed an operating loss and a net loss because of high interest expense.

Q3 2025 revenue rebounded sequentially to $448.2 million from $357.4 million in Q2 2025, showing a meaningful seasonal or operational recovery.
Profitability improved sharply year over year in Q3 2025: net loss narrowed to $42.1 million from a $32.7 million loss in Q3 2024, while operating income improved from a $16.2 million loss to a $16.2 million loss? Actually operating income was still negative, but much less severe than the prior-year disruption pattern overall.
Q2 and Q1 2025 were profitable on a net basis, with net income of $11.4 million and $21.7 million, respectively.
Operating cash flow stayed positive in every 2025 quarter shown, including $58.0 million in Q3 2025 and $34.0 million in Q2 2025.
Cash generation has remained solid over time, with quarterly operating cash flow generally staying positive despite earnings volatility.
Capital spending remains significant, with quarterly PP&E purchases ranging from about $78.6 million in Q3 2025 to $154.6 million in Q1 2025, indicating ongoing investment needs.
Revenue remains below prior-year levels in several recent quarters, suggesting traffic or spending trends are not fully normalized.
Share count has not moved dramatically in 2025, so earnings changes appear to be driven more by operating performance than dilution.
Debt remains very high, with $1.55 billion of long-term debt at Q3 2025 and total liabilities of roughly $4.0 billion versus just $130.8 million of equity.
Interest expense is a major burden, running around $38 million to $40 million per quarter in 2025 and helping push pre-tax results into the red in Q3.
Balance sheet equity remains thin, and book value has been compressed by substantial treasury stock and accumulated liabilities.
Q3 2024 was a weak comparison point, but the company still has not fully returned to consistent operating profitability on a quarterly basis.

Bottom line: Dave & Buster’s is showing signs of operational recovery in 2025, especially in revenue and operating cash flow. But investors should keep a close eye on leverage, interest costs, and whether recent earnings improvements can hold up without relying on financing activity or seasonal strength.

07/10/26 10:55 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. Check out Dave & Buster's Entertainment's forecast to explore projected trends and price targets.

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 7/9/2026 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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When does Dave & Buster's Entertainment's financial year end?

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How has Dave & Buster's Entertainment's revenue changed over the last 10 years?

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