Bowlero (BOWL) Financials

$7.92 -0.32 (-3.88%)

As of 05/11/2026

Annual Income Statements for Bowlero

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

Metric	2021	2022	2023	2024	2025
Period end date	6/27/2021	7/3/2022	7/2/2023	6/30/2024	6/29/2025
Net Income / (Loss) Attributable to Common Shareholders	-134	-40	53	-92	-19
Consolidated Net Income / (Loss)	-126	-30	82	-84	-10
Net Income / (Loss) Continuing Operations	-126	-30	82	-84	-10
Total Pre-Tax Income	-127	-31	-2.20	-112	41
Total Operating Income	-39	117	201	92	137
Total Gross Profit	21	302	707	735	731
Total Revenue	395	912	1,059	1,155	1,201
Operating Revenue	395	912	1,059	1,155	1,201
Total Cost of Revenue	374	610	352	419	470
Operating Cost of Revenue	374	610	352	419	470
Total Operating Expenses	60	185	506	644	594
Selling, General & Admin Expense	78	181	137	148	143
Depreciation Expense	-	-	109	145	157
Other Operating Expenses / (Income)	-19	6.97	260	289	283
Impairment Charge	0.39	1.55	-0.64	61	11
Total Other Income / (Expense), net	-89	-147	-203	-203	-96
Interest & Investment Income	-	-94	-111	-178	-196
Other Income / (Expense), net	0.00	-53	-92	-26	101
Income Tax Expense	-1.04	-0.69	-84	-28	52
Preferred Stock Dividends Declared	8.02	10	24	8.67	9.05
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	4.88	0.00	0.00
Basic Earnings per Share	($0.92)	($0.26)	$0.32	($0.61)	($0.13)
Weighted Average Basic Shares Outstanding	146.85M	155.84M	165.51M	151.34M	142.40M
Diluted Earnings per Share	($0.92)	($0.26)	$0.30	($0.61)	($0.13)
Weighted Average Diluted Shares Outstanding	146.85M	155.84M	175.82M	151.34M	142.40M
Weighted Average Basic & Diluted Shares Outstanding	-	161.77M	-	147.45M	140.22M

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

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	10/1/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025	6/29/2025	9/28/2025	12/28/2025	3/29/2026
Net Income / (Loss) Attributable to Common Shareholders	15	-65	20	-62	20	24	10	-73	-16	-15	13
Consolidated Net Income / (Loss)	18	-63	24	-62	23	28	13	-75	-14	-13	17
Net Income / (Loss) Continuing Operations	18	-63	24	-62	23	28	13	-75	-14	-13	17
Total Pre-Tax Income	8.54	-61	33	-92	13	17	32	-20	-27	3.13	23
Total Operating Income	5.36	49	71	-34	13	47	62	15	28	33	66
Total Gross Profit	137	203	224	-26	153	277	312	164	173	183	216
Total Revenue	227	306	338	284	260	300	340	301	292	307	342
Operating Revenue	227	306	338	284	260	300	340	301	292	307	342
Total Cost of Revenue	90	103	114	309	107	23	28	137	120	124	127
Operating Cost of Revenue	90	103	114	309	107	23	28	137	120	124	127
Total Operating Expenses	132	153	153	8.73	140	230	250	149	144	150	150
Selling, General & Admin Expense	38	36	37	40	35	34	41	33	35	39	36
Depreciation Expense	31	37	36	-	37	39	40	40	33	30	32
Other Operating Expenses / (Income)	63	80	78	-60	67	154	168	69	74	78	81
Impairment Charge	-0.00	0.05	1.01	60	1.47	2.58	0.65	6.21	1.38	2.34	1.51
Total Other Income / (Expense), net	3.18	-110	-38	-58	0.25	-30	-31	-35	-55	-30	-43
Interest & Investment Income	-37	-46	-47	-	-49	-49	-49	-49	-53	-50	-51
Other Income / (Expense), net	41	-64	8.87	-11	49	19	19	14	-1.40	20	7.74
Income Tax Expense	-9.68	2.61	9.14	-30	-9.90	-11	18	54	-13	16	5.77
Preferred Stock Dividends Declared	1.96	1.96	2.35	2.40	2.21	2.24	2.31	2.28	2.36	2.42	2.47
Net Income / (Loss) Attributable to Noncontrolling Interest	1.05	0.00	1.43	-	1.29	1.64	0.71	-3.65	0.00	0.00	1.02
Basic Earnings per Share	$0.09	($0.44)	$0.14	($0.40)	$0.13	$0.17	$0.07	($0.50)	($0.12)	($0.11)	$0.10
Weighted Average Basic Shares Outstanding	160.93M	149.81M	148.10M	151.34M	145.77M	143.94M	141.19M	142.40M	138.55M	137.34M	135.68M
Diluted Earnings per Share	$0.09	($0.44)	$0.13	($0.39)	$0.13	$0.16	$0.07	($0.49)	($0.12)	($0.11)	$0.10
Weighted Average Diluted Shares Outstanding	168.90M	149.81M	157.87M	151.34M	154.96M	152.96M	147.61M	142.40M	138.55M	137.34M	139.06M
Weighted Average Basic & Diluted Shares Outstanding	151.29M	149.72M	148.88M	147.45M	146.91M	143.00M	140.21M	140.22M	139.64M	137.70M	136.62M

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

Metric	2021	2022	2023	2024	2025
Period end date	6/27/2021	7/3/2022	7/2/2023	6/30/2024	6/29/2025
Net Change in Cash & Equivalents	46	-55	63	-129	-7.29
Net Cash From Operating Activities	58	178	218	155	177
Net Cash From Continuing Operating Activities	58	178	218	155	177
Net Income / (Loss) Continuing Operations	-126	-30	82	-84	-10
Consolidated Net Income / (Loss)	-126	-30	82	-84	-10
Depreciation Expense	92	107	109	145	157
Amortization Expense	0.46	2.21	3.24	3.51	3.91
Non-Cash Adjustments To Reconcile Net Income	10	54	49	119	79
Changes in Operating Assets and Liabilities, net	82	45	-26	-29	-53
Net Cash From Investing Activities	-47	-220	-253	-386	-220
Net Cash From Continuing Investing Activities	-47	-220	-253	-386	-220
Purchase of Property, Plant & Equipment	-43	-162	-149	-194	-141
Acquisitions	-4.95	-75	-112	-191	-81
Purchase of Investments	0.00	0.00	-45	0.00	0.00
Sale of Property, Plant & Equipment	1.27	17	6.93	0.00	1.66
Divestitures	0.14	0.00	0.20	0.07	0.00
Sale and/or Maturity of Investments	0.00	0.00	46	0.00	0.00
Net Cash From Financing Activities	35	-12	99	102	36
Net Cash From Continuing Financing Activities	35	-12	99	102	36
Repayment of Debt	-10	-277	-991	-195	-121
Repurchase of Preferred Equity	0.00	-145	-81	-0.75	0.00
Repurchase of Common Equity	0.00	-58	-96	-254	-72
Payment of Dividends	0.00	0.00	-3.97	-25	-34
Issuance of Debt	45	86	1,250	175	290
Issuance of Common Equity	0.00	245	0.59	1.27	1.29
Other Financing Activities, net	0.00	41	20	401	-28
Effect of Exchange Rate Changes	0.03	-0.05	-0.13	0.01	-0.06

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

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	10/1/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025	6/29/2025	9/28/2025	12/28/2025	3/29/2026
Net Change in Cash & Equivalents	-156	150	22	-145	-29	42	-1.67	-19	-29	65	-37
Net Cash From Operating Activities	16	55	77	6.73	29	39	87	22	-6.41	48	74
Net Cash From Continuing Operating Activities	16	55	77	6.73	29	39	87	22	-6.41	48	74
Net Income / (Loss) Continuing Operations	18	-63	24	-62	23	28	13	-75	-14	-13	17
Consolidated Net Income / (Loss)	18	-63	24	-62	23	28	13	-75	-14	-13	17
Depreciation Expense	31	37	36	41	37	39	40	40	33	30	32
Amortization Expense	0.85	0.87	0.99	0.81	0.94	0.83	1.07	1.07	4.45	1.07	1.10
Non-Cash Adjustments To Reconcile Net Income	10	15	17	77	18	19	21	21	16	18	17
Changes in Operating Assets and Liabilities, net	-45	65	-1.28	-49	-49	-48	11	34	-46	11	7.14
Net Cash From Investing Activities	-177	-70	-39	-100	-40	-93	-33	-54	-315	-39	-76
Net Cash From Continuing Investing Activities	-177	-70	-39	-100	-40	-93	-33	-54	-315	-39	-76
Purchase of Property, Plant & Equipment	-51	-63	-33	-47	-42	-50	-25	-24	-26	-33	-31
Acquisitions	-126	-7.18	-5.82	-52	0.00	-43	-7.70	-30	-44	-4.50	-44
Net Cash From Financing Activities	5.09	165	-15	-52	-18	97	-55	12	293	56	-36
Net Cash From Continuing Financing Activities	5.09	165	-15	-52	-18	97	-55	12	293	56	-36
Repayment of Debt	-3.11	-185	-3.12	-3.39	-0.40	-114	-3.51	-3.52	-1,686	-2.58	-20
Repurchase of Common Equity	-130	-89	-0.74	-35	-7.65	-38	-20	-6.99	-5.31	-19	-7.53
Payment of Dividends	0.00	-3.97	-8.73	-12	-8.55	-8.47	-8.35	-8.18	-8.20	-8.88	-8.82
Other Financing Activities, net	-1.66	406	-2.11	-1.58	-1.21	-2.94	-25	0.62	-63	1.18	-0.62
Effect of Exchange Rate Changes	-0.14	0.19	0.32	-0.36	-0.21	-0.04	0.09	0.11	0.23	0.16	0.10

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

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	6/27/2021	7/3/2022	7/2/2023	6/30/2024	6/29/2025
Total Assets	0.05	1,782	1,854	2,841	3,114	3,160
Total Current Assets	0.05	207	169	231	114	113
Cash & Equivalents	0.00	187	132	196	67	60
Accounts Receivable	-	3.30	5.23	3.09	6.76	8.00
Inventories, net	-	8.31	10	11	13	16
Prepaid Expenses	0.00	8.06	13	18	25	29
Other Current Assets	0.05	0.69	8.79	2.07	1.75	0.00
Plant, Property, & Equipment, net	0.00	700	797	716	888	945
Total Noncurrent Assets	0.00	875	888	1,895	2,112	2,102
Noncurrent Note & Lease Receivables	-	-	0.00	515	524	508
Goodwill	-	726	743	754	834	844
Intangible Assets	-	105	104	91	47	46
Noncurrent Deferred & Refundable Income Taxes	-	-	0.00	74	112	68
Other Noncurrent Operating Assets	0.00	44	41	461	595	637
Total Liabilities & Shareholders' Equity	0.05	1,782	1,854	2,841	3,114	3,160
Total Liabilities	0.03	1,452	1,662	2,542	3,164	3,331
Total Current Liabilities	0.03	107	119	169	183	194
Short-Term Debt	0.02	5.06	4.97	9.34	9.16	10
Accounts Payable	0.00	29	101	121	136	145
Other Current Liabilities	-	9.18	13	38	38	39
Total Noncurrent Liabilities	0.00	1,345	1,543	2,373	2,981	3,137
Long-Term Debt	-	871	865	1,139	1,130	1,301
Capital Lease Obligations	-	375	398	652	680	683
Noncurrent Deferred & Payable Income Tax Liabilities	-	12	15	4.16	4.45	4.43
Other Noncurrent Operating Liabilities	0.00	88	265	578	1,167	1,148
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	0.00	606	206	144	127	127
Total Equity & Noncontrolling Interests	0.02	-276	-14	155	-177	-299
Total Preferred & Common Equity	0.02	-276	-14	155	-177	-299
Total Common Equity	0.02	-276	-14	155	-177	-299
Common Stock	0.03	0.01	335	506	511	473
Retained Earnings	-0.01	-266	-313	-220	-303	-313
Treasury Stock	-	0.00	-35	-135	-385	-458
Accumulated Other Comprehensive Income / (Loss)	-	-9.40	-1.31	4.15	0.22	-0.48

This table presents Bowlero'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 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	1/1/2023	4/2/2023	10/1/2023	12/31/2023	3/31/2024	9/29/2024	12/29/2024	3/30/2025	9/28/2025	12/28/2025	3/29/2026
Total Assets	1,941	2,014	2,987	3,192	3,232	3,092	3,240	3,196	3,226	3,268	3,266
Total Current Assets	139	201	79	237	262	88	138	128	92	159	120
Cash & Equivalents	79	151	40	190	212	38	81	79	31	96	59
Accounts Receivable	8.81	6.16	4.09	6.88	5.67	5.67	6.10	6.10	6.61	6.38	7.33
Inventories, net	11	12	13	14	15	14	16	16	16	16	15
Prepaid Expenses	14	20	19	24	27	30	35	28	37	40	38
Other Current Assets	2.55	2.07	2.07	2.07	2.07	0.02	0.02	0.00	0.76	0.76	0.76
Plant, Property, & Equipment, net	907	916	773	806	812	893	936	934	1,227	1,229	1,253
Total Noncurrent Assets	895	897	2,136	2,149	2,158	2,111	2,166	2,134	1,907	1,880	1,893
Noncurrent Note & Lease Receivables	-	-	540	536	532	520	516	512	298	305	302
Goodwill	749	750	826	827	832	834	841	842	863	863	887
Intangible Assets	108	108	121	121	122	45	46	45	48	51	53
Noncurrent Deferred & Refundable Income Taxes	-	-	86	85	76	123	136	118	76	60	49
Other Noncurrent Operating Assets	39	38	563	580	596	589	627	618	622	601	601
Total Liabilities & Shareholders' Equity	1,941	2,014	2,987	3,192	3,232	3,092	3,240	3,196	3,226	3,268	3,266
Total Liabilities	1,788	1,719	2,801	3,153	3,174	3,133	3,296	3,282	3,421	3,501	3,495
Total Current Liabilities	139	147	194	195	204	192	191	202	195	229	240
Short-Term Debt	5.82	5.57	9.60	9.25	9.20	9.11	10	10	3.65	19	15
Accounts Payable	45	47	141	143	154	146	141	155	144	167	184
Other Current Liabilities	12	11	43	43	41	37	39	37	47	42	42
Total Noncurrent Liabilities	1,649	1,572	2,608	2,958	2,970	2,941	3,105	3,080	3,227	3,272	3,255
Long-Term Debt	877	897	1,276	1,134	1,132	1,130	1,276	1,273	1,679	1,762	1,739
Capital Lease Obligations	395	394	679	-	682	681	681	682	415	428	428
Noncurrent Deferred & Payable Income Tax Liabilities	15	16	4.08	4.20	4.32	4.13	4.01	4.00	4.55	4.66	4.84
Other Noncurrent Operating Liabilities	362	265	649	1,819	1,152	1,125	1,144	1,121	1,128	1,079	1,083
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	212	206	144	144	134	124	124	127	131	131	134
Total Equity & Noncontrolling Interests	-58	88	42	-105	-76	-164	-180	-214	-326	-364	-363
Total Preferred & Common Equity	-58	88	42	-105	-76	-164	-180	-214	-326	-364	-363
Total Common Equity	-58	88	42	-105	-76	-164	-180	-214	-326	-364	-363
Common Stock	336	519	508	508	513	510	505	477	465	458	450
Retained Earnings	-345	-377	-201	-265	-241	-280	-252	-238	-327	-340	-323
Treasury Stock	-48	-54	-268	-349	-350	-393	-431	-451	-464	-483	-490
Accumulated Other Comprehensive Income / (Loss)	-1.59	-0.12	3.33	0.88	2.13	-1.47	-1.90	-1.82	-0.26	0.34	0.71

This table displays calculated financial ratios and metrics derived from Bowlero's official financial filings.

Metric	2021	2022	2023	2024	2025
Period end date	6/27/2021	7/3/2022	7/2/2023	6/30/2024	6/29/2025
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	130.67%	16.13%	9.05%	4.05%
EBITDA Growth	0.00%	222.32%	27.92%	-2.88%	85.46%
EBIT Growth	0.00%	265.21%	70.21%	-39.20%	260.07%
NOPAT Growth	0.00%	401.83%	72.18%	-54.39%	-151.70%
Net Income Growth	0.00%	76.33%	374.10%	-201.87%	88.01%
EPS Growth	0.00%	71.74%	215.38%	-303.33%	78.69%
Operating Cash Flow Growth	0.00%	205.11%	22.58%	-28.91%	14.46%
Free Cash Flow Firm Growth	0.00%	0.00%	-396.44%	161.10%	-135.31%
Invested Capital Growth	0.00%	-4.70%	43.43%	-10.62%	3.58%
Revenue Q/Q Growth	0.00%	6.88%	-2.60%	4.00%	1.46%
EBITDA Q/Q Growth	0.00%	7.69%	30.01%	-36.11%	22.96%
EBIT Q/Q Growth	0.00%	7.83%	97.99%	-67.41%	45.48%
NOPAT Q/Q Growth	0.00%	97.01%	-11.79%	-85.39%	-153.96%
Net Income Q/Q Growth	0.00%	66.81%	243.37%	-166.96%	-498.17%
EPS Q/Q Growth	0.00%	54.39%	171.43%	-215.09%	-333.33%
Operating Cash Flow Q/Q Growth	0.00%	-3.42%	-10.60%	-1.43%	9.74%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	-11,034.95%	32.67%	-33.99%
Invested Capital Q/Q Growth	0.00%	4.76%	33.12%	2.01%	-2.06%
Profitability Metrics	-	-	-	-	-
Gross Margin	5.31%	33.10%	32.34%	27.21%	60.87%
EBITDA Margin	13.58%	18.98%	20.90%	18.62%	33.18%
Operating Margin	-9.78%	12.79%	18.97%	7.93%	11.42%
EBIT Margin	-9.78%	7.00%	10.26%	5.72%	19.80%
Profit (Net Income) Margin	-32.00%	-3.28%	7.75%	-7.24%	-0.83%
Tax Burden Percent	99.19%	97.75%	-3,737.95%	74.92%	-24.16%
Interest Burden Percent	329.97%	-47.97%	-2.02%	-168.87%	17.44%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	124.16%
Return on Invested Capital (ROIC)	-1.94%	6.00%	8.70%	3.56%	-1.91%
ROIC Less NNEP Spread (ROIC-NNEP)	-11.29%	-4.15%	4.43%	-5.24%	-0.66%
Return on Net Nonoperating Assets (RNNOA)	-36.37%	-17.46%	24.66%	-70.50%	10.97%
Return on Equity (ROE)	-38.31%	-11.46%	33.36%	-66.95%	9.06%
Cash Return on Invested Capital (CROIC)	0.00%	10.81%	-26.98%	14.78%	-5.43%
Operating Return on Assets (OROA)	-4.34%	3.51%	4.63%	2.22%	7.58%
Return on Assets (ROA)	-14.19%	-1.65%	3.49%	-2.81%	-0.32%
Return on Common Equity (ROCE)	32.01%	6.35%	9.60%	5.91%	19.50%
Return on Equity Simple (ROE_SIMPLE)	45.84%	218.78%	52.86%	47.15%	0.00%
Net Operating Profit after Tax (NOPAT)	-27	82	141	64	-33
NOPAT Margin	-6.84%	8.95%	13.28%	5.55%	-2.76%
Net Nonoperating Expense Percent (NNEP)	9.35%	10.15%	4.27%	8.80%	-1.25%
Return On Investment Capital (ROIC_SIMPLE)	-2.78%	6.51%	7.19%	3.91%	-1.95%
Cost of Revenue to Revenue	94.69%	66.90%	67.66%	72.79%	39.13%
SG&A Expenses to Revenue	19.82%	19.82%	13.03%	13.44%	11.92%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	15.08%	20.30%	13.37%	19.28%	49.45%
Earnings before Interest and Taxes (EBIT)	-39	64	109	66	238
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	54	173	221	215	399
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	12.78	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.78	1.98	1.87	1.85	1.09
Price to Earnings (P/E)	0.00	0.00	37.18	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.77%	2.36%
Earnings Yield	0.00%	0.00%	2.69%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.42	2.37	1.96	2.36	1.91
Enterprise Value to Revenue (EV/Rev)	5.00	3.45	3.53	3.48	2.80
Enterprise Value to EBITDA (EV/EBITDA)	36.84	18.19	16.86	18.69	8.45
Enterprise Value to EBIT (EV/EBIT)	0.00	49.29	34.35	60.80	14.16
Enterprise Value to NOPAT (EV/NOPAT)	0.00	38.54	26.55	62.65	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	33.96	17.71	17.14	25.94	19.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	21.39	0.00	15.08	0.00
Leverage & Solvency	-	-	-	-	-
Debt to Equity	3.79	6.59	6.01	-36.49	-11.64
Long-Term Debt to Equity	3.77	6.57	5.98	-36.30	-11.58
Financial Leverage	3.22	4.21	5.57	13.44	-16.67
Leverage Ratio	5.40	6.96	9.55	23.85	-28.36
Compound Leverage Factor	17.81	-3.34	-0.19	-40.28	-4.95
Debt to Total Capital	79.11%	86.83%	85.74%	102.82%	109.40%
Short-Term Debt to Total Capital	0.32%	0.34%	0.44%	0.52%	0.56%
Long-Term Debt to Total Capital	78.79%	86.49%	85.29%	102.30%	108.84%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	38.35%	14.11%	6.87%	7.20%	6.99%
Common Equity to Total Capital	-17.46%	-0.94%	7.39%	-10.02%	-16.39%
Debt to EBITDA	23.29	7.33	8.14	8.46	5.00
Net Debt to EBITDA	19.81	6.56	7.25	8.15	4.85
Long-Term Debt to EBITDA	23.20	7.30	8.09	8.42	4.98
Debt to NOPAT	-46.22	15.53	12.81	28.37	-60.16
Net Debt to NOPAT	-39.30	13.91	11.42	27.33	-58.36
Long-Term Debt to NOPAT	-46.04	15.47	12.74	28.23	-59.86
Altman Z-Score	0.14	1.05	0.88	0.68	0.69
Noncontrolling Interest Sharing Ratio	183.55%	155.42%	71.22%	108.83%	-115.16%
Liquidity Ratios	-	-	-	-	-
Current Ratio	1.93	1.42	1.37	0.62	0.58
Quick Ratio	1.77	1.15	1.18	0.40	0.35
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	147	-436	266	-94
Operating Cash Flow to CapEx	139.10%	122.31%	152.94%	79.68%	127.12%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.66	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.18	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.44	0.50	0.45	0.39	0.38
Accounts Receivable Turnover	0.00	213.84	254.55	234.46	162.84
Inventory Turnover	0.00	65.52	65.78	68.21	32.79
Fixed Asset Turnover	0.00	1.22	1.40	1.44	1.31
Accounts Payable Turnover	0.00	9.34	6.45	6.54	3.35
Days Sales Outstanding (DSO)	0.00	1.71	1.43	1.56	2.24
Days Inventory Outstanding (DIO)	0.00	5.57	5.55	5.35	11.13
Days Payable Outstanding (DPO)	0.00	39.06	56.63	55.81	109.07
Cash Conversion Cycle (CCC)	0.00	-31.79	-49.65	-48.90	-95.70
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	1,393	1,328	1,904	1,702	1,763
Invested Capital Turnover	0.28	0.67	0.66	0.64	0.69
Increase / (Decrease) in Invested Capital	0.00	-65	577	-202	61
Enterprise Value (EV)	1,977	3,146	3,732	4,017	3,367
Market Capitalization	308	1,805	1,983	2,137	1,305
Book Value per Share	($8.66)	($0.08)	$0.89	($1.19)	($2.13)
Tangible Book Value per Share	($34.76)	($5.15)	($3.97)	($7.11)	($8.48)
Total Capital	1,580	1,460	2,100	1,769	1,823
Total Debt	1,250	1,268	1,800	1,819	1,994
Total Long-Term Debt	1,245	1,263	1,791	1,810	1,984
Net Debt	1,063	1,135	1,605	1,752	1,934
Capital Expenditures (CapEx)	42	145	142	194	139
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-82	-77	-124	-127	-131
Debt-free Net Working Capital (DFNWC)	105	55	71	-60	-72
Net Working Capital (NWC)	100	50	62	-69	-82
Net Nonoperating Expense (NNE)	99	112	59	148	-23
Net Nonoperating Obligations (NNO)	1,063	1,135	1,605	1,752	1,934
Total Depreciation and Amortization (D&A)	92	109	113	149	161
Debt-free, Cash-free Net Working Capital to Revenue	-20.74%	-8.46%	-11.74%	-10.97%	-10.93%
Debt-free Net Working Capital to Revenue	26.60%	6.04%	6.73%	-5.17%	-5.97%
Net Working Capital to Revenue	25.32%	5.50%	5.85%	-5.96%	-6.81%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	($0.61)	($0.13)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	151.34M	142.40M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	($0.61)	($0.13)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	151.34M	142.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	147.45M	140.22M
Normalized Net Operating Profit after Tax (NOPAT)	-27	80	140	107	104
Normalized NOPAT Margin	-6.78%	8.76%	13.23%	9.28%	8.63%
Pre Tax Income Margin	-32.26%	-3.36%	-0.21%	-9.66%	3.45%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	-0.43	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	-0.30	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-0.91	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-0.78	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	4.84%	-29.86%	-334.77%
Augmented Payout Ratio	0.00%	-192.12%	121.85%	-334.13%	-1,054.57%

This table displays calculated financial ratios and metrics derived from Bowlero's official financial filings.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	10/1/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025	6/29/2025	9/28/2025	12/28/2025	3/29/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	137,704,548.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	137,704,548.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.10
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.24%	11.81%	6.95%	18.56%	14.42%	-1.83%	0.66%	6.10%	12.33%	2.26%	0.69%
EBITDA Growth	363.61%	-61.55%	349.91%	-103.19%	27.63%	353.37%	4.49%	1,980.13%	-35.37%	-19.84%	-12.94%
EBIT Growth	582.28%	-148.20%	2,304.11%	-149.39%	34.54%	549.64%	1.47%	164.58%	-56.61%	-19.02%	-9.49%
NOPAT Growth	-47.78%	18.17%	-18.14%	-151.02%	98.18%	125.89%	-49.11%	144.32%	-12.73%	-272.25%	87.11%
Net Income Growth	154.33%	-4,522.93%	174.35%	-142.52%	26.76%	144.60%	-44.26%	-20.17%	-159.74%	-144.71%	26.78%
EPS Growth	140.91%	-4,300.00%	159.09%	-152.00%	44.44%	136.36%	-46.15%	-25.64%	-192.31%	-168.75%	42.86%
Operating Cash Flow Growth	-54.79%	-31.37%	-17.24%	-25.08%	82.88%	-29.72%	12.64%	233.54%	-121.79%	24.09%	-14.34%
Free Cash Flow Firm Growth	40.61%	1,035.32%	-85.51%	133.67%	150.61%	-304.68%	43.44%	-128.20%	-127.93%	75.76%	56.69%
Invested Capital Growth	59.27%	-25.30%	16.63%	-10.62%	-17.49%	84.36%	7.89%	3.58%	7.42%	2.69%	5.25%
Revenue Q/Q Growth	-5.02%	34.42%	10.47%	-15.93%	-8.34%	15.33%	13.27%	-11.39%	-2.96%	4.99%	11.53%
EBITDA Q/Q Growth	-33.60%	-70.18%	402.62%	-103.21%	2,754.64%	5.93%	15.84%	-42.28%	-8.75%	31.39%	25.81%
EBIT Q/Q Growth	-49.73%	-131.80%	646.20%	-156.56%	236.93%	6.28%	23.27%	-64.00%	-8.01%	98.37%	37.78%
NOPAT Q/Q Growth	-75.68%	202.96%	48.22%	-146.71%	194.48%	245.31%	-66.61%	-59.32%	86.04%	-781.54%	136.27%
Net Income Q/Q Growth	-87.54%	-448.37%	137.57%	-360.74%	137.14%	22.57%	-53.04%	-662.11%	81.53%	8.28%	233.15%
EPS Q/Q Growth	-88.00%	-588.89%	129.55%	-400.00%	133.33%	23.08%	-56.25%	-800.00%	75.51%	8.33%	190.91%
Operating Cash Flow Q/Q Growth	79.00%	242.70%	39.52%	-91.25%	336.91%	31.69%	123.63%	-74.08%	-128.54%	850.06%	54.37%
Free Cash Flow Firm Q/Q Growth	-46.14%	147.92%	-150.29%	195.61%	119.66%	-293.80%	86.10%	52.33%	-117.57%	-68.19%	75.17%
Invested Capital Q/Q Growth	10.83%	-52.97%	68.07%	2.01%	2.32%	5.08%	-1.64%	-2.06%	6.12%	0.46%	0.81%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	60.40%	66.38%	66.26%	-8.99%	58.97%	64.70%	64.64%	54.43%	59.03%	59.71%	63.02%
EBITDA Margin	34.38%	7.63%	34.71%	-1.32%	38.35%	35.23%	36.03%	23.47%	22.06%	27.61%	31.15%
Operating Margin	2.36%	16.19%	21.03%	-12.07%	4.98%	15.62%	18.30%	5.04%	9.66%	10.86%	19.18%
EBIT Margin	20.22%	-4.78%	23.66%	-15.92%	23.78%	21.91%	23.85%	9.69%	9.18%	17.35%	21.44%
Profit (Net Income) Margin	8.01%	-20.76%	7.06%	-21.90%	8.88%	9.43%	3.91%	-24.81%	-4.72%	-4.12%	4.92%
Tax Burden Percent	213.44%	104.29%	72.29%	67.43%	175.00%	166.90%	42.01%	367.81%	51.96%	-404.35%	74.48%
Interest Burden Percent	18.56%	416.17%	41.30%	204.11%	21.33%	25.79%	39.04%	-69.62%	-98.93%	5.88%	30.84%
Effective Tax Rate	-113.44%	0.00%	27.71%	0.00%	-75.00%	-66.90%	57.99%	0.00%	0.00%	504.35%	25.52%
Return on Invested Capital (ROIC)	3.09%	10.62%	10.89%	-5.41%	5.37%	21.83%	5.25%	2.45%	4.62%	-29.36%	9.61%
ROIC Less NNEP Spread (ROIC-NNEP)	3.53%	1.41%	8.89%	-7.68%	5.39%	18.31%	4.51%	-2.18%	2.87%	-23.26%	8.01%
Return on Net Nonoperating Assets (RNNOA)	31.89%	15.52%	69.25%	-103.31%	137.16%	-3,173.52%	-551.38%	36.39%	-46.90%	322.01%	-102.03%
Return on Equity (ROE)	34.98%	26.14%	80.14%	-108.71%	142.53%	-3,151.69%	-546.14%	38.84%	-42.28%	292.65%	-92.42%
Cash Return on Invested Capital (CROIC)	-11.19%	38.85%	12.96%	14.78%	22.77%	-54.54%	-4.05%	-5.43%	-235.97%	2.59%	0.28%
Operating Return on Assets (OROA)	8.77%	-2.03%	10.01%	-6.17%	9.29%	8.05%	8.79%	3.71%	3.59%	6.61%	8.24%
Return on Assets (ROA)	3.48%	-8.80%	2.99%	-8.49%	3.47%	3.47%	1.44%	-9.50%	-1.84%	-1.57%	1.89%
Return on Common Equity (ROCE)	-0.82%	-22.13%	2.83%	9.60%	-119.89%	-54,752.65%	-5,526.86%	83.56%	-87.95%	550.82%	-169.27%
Return on Equity Simple (ROE_SIMPLE)	320.31%	-65.63%	-164.27%	0.00%	47.90%	-7.28%	-1.18%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	11	35	51	-24	23	78	26	11	20	-135	49
NOPAT Margin	5.03%	11.33%	15.20%	-8.45%	8.71%	26.07%	7.69%	3.53%	6.76%	-43.91%	14.28%
Net Nonoperating Expense Percent (NNEP)	-0.44%	9.22%	2.00%	2.28%	-0.02%	3.52%	0.73%	4.63%	1.74%	-6.11%	1.60%
Return On Investment Capital (ROIC_SIMPLE)	0.57%	3.34%	2.94%	-1.46%	1.37%	4.38%	1.49%	0.63%	1.12%	-7.31%	2.69%
Cost of Revenue to Revenue	39.60%	33.62%	33.74%	108.99%	41.03%	35.30%	35.36%	45.57%	40.98%	40.29%	36.98%
SG&A Expenses to Revenue	16.76%	11.72%	10.99%	14.12%	13.38%	11.46%	12.13%	10.87%	12.09%	12.73%	10.39%
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	58.04%	50.20%	45.23%	3.08%	53.99%	49.08%	46.34%	49.39%	49.36%	48.85%	43.85%
Earnings before Interest and Taxes (EBIT)	46	-15	80	-45	62	66	81	29	27	53	73
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	78	23	117	-3.76	100	106	122	71	64	85	107
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	36.58	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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)	1.45	1.93	1.81	1.85	1.46	1.34	1.20	1.09	1.14	1.00	0.88
Price to Earnings (P/E)	14.57	51.54	20.67	0.00	0.00	798.25	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.41%	0.77%	1.40%	2.04%	2.22%	2.36%	2.18%	2.53%	2.90%
Earnings Yield	6.86%	1.94%	4.84%	0.00%	0.00%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.70	3.22	2.25	2.36	2.09	1.96	1.91	1.91	1.93	1.85	1.77
Enterprise Value to Revenue (EV/Rev)	3.41	2.94	3.38	3.48	3.06	3.04	2.90	2.80	2.93	2.81	2.70
Enterprise Value to EBITDA (EV/EBITDA)	12.73	13.05	11.17	18.69	15.38	11.27	10.58	8.45	9.93	10.18	10.26
Enterprise Value to EBIT (EV/EBIT)	21.91	26.85	18.53	60.80	44.40	22.14	20.99	14.16	17.79	18.31	18.34
Enterprise Value to NOPAT (EV/NOPAT)	6.06	27.90	8.56	62.65	52.40	53.16	55.86	0.00	0.00	35.83	33.61
Enterprise Value to Operating Cash Flow (EV/OCF)	18.14	18.49	23.92	25.94	21.63	23.68	21.24	19.00	25.52	23.12	24.22
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	7.10	18.71	15.08	8.30	0.00	0.00	0.00	0.00	72.64	657.39
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	10.56	29.05	31.56	-36.49	-45.05	-35.28	-22.75	-11.64	-10.73	-9.48	-9.55
Long-Term Debt to Equity	10.51	28.82	31.40	-36.30	-44.83	-35.10	-22.63	-11.58	-10.71	-9.39	-9.49
Financial Leverage	9.04	11.04	7.79	13.44	25.44	-173.30	-122.16	-16.67	-16.31	-13.85	-12.74
Leverage Ratio	14.22	26.63	14.88	23.85	41.73	-392.59	-224.51	-28.36	-26.79	-22.54	-20.53
Compound Leverage Factor	2.64	110.81	6.14	48.68	8.90	-101.26	-87.64	19.75	26.50	-1.32	-6.33
Debt to Total Capital	91.35%	96.67%	96.93%	102.82%	102.27%	102.92%	104.60%	109.40%	110.28%	111.80%	111.69%
Short-Term Debt to Total Capital	0.45%	0.78%	0.49%	0.52%	0.51%	0.54%	0.54%	0.56%	0.19%	0.98%	0.75%
Long-Term Debt to Total Capital	90.90%	95.89%	96.44%	102.30%	101.76%	102.38%	104.05%	108.84%	110.09%	110.82%	110.94%
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	6.71%	12.20%	7.11%	7.20%	6.96%	6.48%	6.78%	6.99%	6.88%	6.62%	6.88%
Common Equity to Total Capital	1.94%	-8.88%	-4.04%	-10.02%	-9.23%	-9.40%	-11.37%	-16.39%	-17.16%	-18.42%	-18.57%
Debt to EBITDA	6.95	4.66	5.42	8.46	7.70	6.17	6.06	5.00	5.77	6.45	6.68
Net Debt to EBITDA	6.81	3.89	4.79	8.15	7.53	5.91	5.82	4.85	5.69	6.17	6.50
Long-Term Debt to EBITDA	6.92	4.62	5.39	8.42	7.66	6.13	6.03	4.98	5.76	6.39	6.64
Debt to NOPAT	3.31	9.96	4.16	28.37	26.22	29.09	32.00	-60.16	-0.51	22.71	21.89
Net Debt to NOPAT	3.24	8.31	3.67	27.33	25.67	27.90	30.71	-58.36	-0.50	21.72	21.30
Long-Term Debt to NOPAT	3.30	9.88	4.13	28.23	26.09	28.94	31.83	-59.86	-0.51	22.51	21.74
Altman Z-Score	0.59	0.63	0.72	0.57	0.61	0.59	0.58	0.48	0.48	0.47	0.46
Noncontrolling Interest Sharing Ratio	102.33%	184.65%	96.47%	108.83%	184.12%	-1,637.25%	-911.99%	-115.16%	-108.00%	-88.22%	-83.16%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.41	1.22	1.29	0.62	0.46	0.72	0.64	0.58	0.47	0.69	0.50
Quick Ratio	0.23	1.01	1.07	0.40	0.23	0.45	0.42	0.35	0.19	0.45	0.27
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-774	371	-187	178	392	-759	-106	-50	-109	-184	-46
Operating Cash Flow to CapEx	31.74%	87.61%	229.71%	14.25%	73.67%	76.81%	339.73%	95.29%	-24.74%	146.09%	237.07%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.43	0.42	0.42	0.39	0.39	0.37	0.37	0.38	0.39	0.38	0.38
Accounts Receivable Turnover	221.88	138.79	187.77	234.46	243.50	182.14	201.30	162.84	201.00	198.77	185.10
Inventory Turnover	52.71	44.13	36.48	68.21	63.89	57.18	56.57	32.79	32.45	36.81	44.35
Fixed Asset Turnover	1.31	1.27	1.28	1.44	1.43	1.36	1.36	1.31	1.16	1.15	1.14
Accounts Payable Turnover	7.07	6.03	4.88	6.54	5.97	6.06	5.62	3.35	3.33	3.79	4.03
Days Sales Outstanding (DSO)	1.65	2.63	1.94	1.56	1.50	2.00	1.81	2.24	1.82	1.84	1.97
Days Inventory Outstanding (DIO)	6.92	8.27	10.00	5.35	5.71	6.38	6.45	11.13	11.25	9.92	8.23
Days Payable Outstanding (DPO)	51.64	60.56	74.81	55.81	61.15	60.25	64.98	109.07	109.59	96.38	90.48
Cash Conversion Cycle (CCC)	-43.07	-49.66	-62.86	-48.90	-53.94	-51.87	-56.72	-95.70	-96.53	-84.63	-80.28
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,111	993	1,669	1,702	1,742	1,830	1,800	1,763	1,871	1,879	1,895
Invested Capital Turnover	0.61	0.94	0.72	0.64	0.62	0.84	0.68	0.69	0.68	0.67	0.67
Increase / (Decrease) in Invested Capital	785	-336	238	-202	-369	837	132	61	129	49	95
Enterprise Value (EV)	3,597	3,201	3,757	4,017	3,638	3,594	3,431	3,367	3,609	3,485	3,349
Market Capitalization	1,528	2,104	2,012	2,137	1,732	1,584	1,417	1,305	1,412	1,241	1,092
Book Value per Share	$0.26	($0.69)	($0.51)	($1.19)	($1.11)	($1.22)	($1.49)	($2.13)	($2.33)	($2.61)	($2.63)
Tangible Book Value per Share	($5.62)	($6.96)	($6.88)	($7.11)	($7.08)	($7.26)	($7.69)	($8.48)	($8.82)	($9.15)	($9.46)
Total Capital	2,151	1,183	1,881	1,769	1,780	1,911	1,879	1,823	1,902	1,975	1,953
Total Debt	1,965	1,143	1,823	1,819	1,820	1,967	1,966	1,994	2,097	2,208	2,182
Total Long-Term Debt	1,955	1,134	1,814	1,810	1,811	1,956	1,955	1,984	2,094	2,189	2,167
Net Debt	1,925	953	1,611	1,752	1,782	1,886	1,887	1,934	2,066	2,112	2,123
Capital Expenditures (CapEx)	51	63	33	47	40	50	25	24	26	33	31
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-145	-138	-145	-127	-134	-123	-142	-131	-131	-146	-164
Debt-free Net Working Capital (DFNWC)	-105	51	67	-60	-95	-43	-63	-72	-99	-51	-105
Net Working Capital (NWC)	-115	42	58	-69	-104	-53	-73	-82	-103	-70	-120
Net Nonoperating Expense (NNE)	-6.79	98	27	38	-0.44	50	13	85	34	-122	32
Net Nonoperating Obligations (NNO)	1,925	953	1,611	1,752	1,782	1,886	1,887	1,934	2,066	2,112	2,123
Total Depreciation and Amortization (D&A)	32	38	37	41	38	40	41	41	38	31	33
Debt-free, Cash-free Net Working Capital to Revenue	-13.76%	-12.72%	-13.07%	-10.97%	-11.24%	-10.44%	-12.02%	-10.93%	-10.58%	-11.81%	-13.20%
Debt-free Net Working Capital to Revenue	-9.96%	4.73%	6.06%	-5.17%	-8.01%	-3.61%	-5.34%	-5.97%	-8.07%	-4.08%	-8.48%
Net Working Capital to Revenue	-10.87%	3.88%	5.23%	-5.96%	-8.77%	-4.48%	-6.20%	-6.81%	-8.36%	-5.64%	-9.65%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.09	($0.44)	$0.14	($0.40)	$0.13	$0.17	$0.07	($0.50)	($0.12)	($0.11)	$0.10
Adjusted Weighted Average Basic Shares Outstanding	160.93M	149.81M	148.10M	151.34M	145.77M	143.94M	141.19M	142.40M	138.55M	137.34M	135.68M
Adjusted Diluted Earnings per Share	$0.09	($0.44)	$0.13	($0.39)	$0.13	$0.16	$0.07	($0.49)	($0.12)	($0.11)	$0.10
Adjusted Weighted Average Diluted Shares Outstanding	168.90M	149.81M	157.87M	151.34M	154.96M	152.96M	147.61M	142.40M	138.55M	137.34M	139.06M
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	151.29M	149.72M	148.88M	147.45M	146.91M	143.00M	140.21M	140.22M	139.64M	137.70M	136.62M
Normalized Net Operating Profit after Tax (NOPAT)	3.75	35	52	18	10	35	44	15	21	25	50
Normalized NOPAT Margin	1.65%	11.34%	15.42%	6.31%	3.88%	11.54%	12.94%	4.97%	7.09%	8.14%	14.61%
Pre Tax Income Margin	3.75%	-19.91%	9.77%	-32.49%	5.07%	5.65%	9.31%	-6.74%	-9.09%	1.02%	6.61%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	11.52%	13.35%	-29.86%	-42.58%	290.83%	1,495.27%	-334.77%	-70.75%	-38.23%	-40.40%
Augmented Payout Ratio	163.37%	444.51%	248.40%	-334.13%	-210.06%	910.99%	5,470.00%	-1,054.57%	-219.54%	-96.38%	-86.53%

Financials Breakdown Chart

Key Financial Trends

Here’s a concise, data-driven read on Lucky Strike Entertainment (NYSE: LUCK) using the latest quarterly data provided for the last four years. Below are the top takeaways, grouped by positive, neutral, and negative implications for investors.

Positive operating cash flow in the latest quarter: Net cash from continuing operating activities in Q2 2026 was about $48.1 million, signaling underlying cash generation despite a quarterly net loss.
Strong financing activity supported liquidity: Net cash from continuing financing activities was about $55.7 million in Q2 2026, bolstered by an $85 million issuance of debt.
Solid quarterly revenue with a robust gross margin: In Q2 2026, operating revenue was $306.86 million with gross profit of $183.24 million, implying a gross margin near 60% and a healthy topline relative to costs.
Free cash flow in Q2 2026 turned positive: Approximately $15.2 million in free cash flow (CFO of ~ $48.1M minus capex of ~$32.9M) suggests cash generation after capital investments in that quarter.
Cash balance provides liquidity headroom: Cash & equivalents stood at about $95.9 million at quarter-end, contributing to a modest liquidity cushion alongside total assets of roughly $3.27 billion.
Revenue and profitability have shown volatility over the four-year window: Quarterly revenue generally stays in the 250–340 million band with some quarters showing meaningful pretax swings and differing net income outcomes.
Debt profile and leverage remain elevated: Long-term debt around $1.76 billion (Q2 2026) and total liabilities near $3.50 billion, with equity dipping deeply negative, indicating substantial financial leverage and balance-sheet risk.
Net income continues to be inconsistent: The company reported quarterly net losses in several periods (e.g., Q2 2026 Consolidated Net Income -$12.6M; Q4 2025 around -$62.1M), underscoring earnings volatility.
Negative equity position persists: Total equity is negative (approximately -$364 million in Q2 2026), reflecting accumulated losses and heavy treasury stock, which weighs on book value per share.
Liquidity pressure from working capital: Total current liabilities (~$228.6M in Q2 2026) exceed total current assets (~$158.7M), yielding a current ratio well below 1 and signaling near-term liquidity risk.

05/12/26 10:40 AM ETAI Generated. May Contain Errors.

Bowlero Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Bowlero's financial year ends in June. Their financial year 2025 ended on June 29, 2025.

Bowlero's net income appears to be on a downward trend, with a most recent value of -$10.02 million in 2025, falling from -$126.46 million in 2021. The previous period was -$83.58 million in 2024.

Bowlero's total operating income in 2025 was $137.19 million, based on the following breakdown:

Total Gross Profit: $731.21 million
Total Operating Expenses: $594.02 million

Over the last 4 years, Bowlero's total revenue changed from $395.23 million in 2021 to $1.20 billion in 2025, a change of 204.0%.

Bowlero's total liabilities were at $3.33 billion at the end of 2025, a 5.3% increase from 2024, and a 12,112,936.4% increase since 2020.

In the past 5 years, Bowlero's cash and equivalents has ranged from $0.00 in 2020 to $195.63 million in 2023, and is currently $59.69 million as of their latest financial filing in 2025.

Over the last 4 years, Bowlero's book value per share changed from -8.66 in 2021 to -2.13 in 2025, a change of -75.4%.

Related Companies

Financial statements for NYSE:BOWL last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Bowlero (BOWL) Financials

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Bowlero (BOWL) Financials

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