Galaxy Gaming Q2 FY26 net income rises 4.9% to $996,978; revenue climbs 5.4% to $7.94 million
GLXZ•Q2 FY26 results
Galaxy Gaming posted net income of $996,978 in the quarter ended June 30, 2026, up 4.9%.
Revenue rose 5.4% to $7.94 million, as recurring license revenue climbed 7.1% to $9.85 million.
Merger agreement termination
Evolution terminated its merger agreement after missing closing conditions, triggering a cash termination fee payment to Galaxy Gaming of $5.23 million.
Operating performance and expenses
Operating income slipped 2.3% to $1.9 million, while selling, general and administrative expenses increased 15.2% to $4.85 million.
Perpetual license sales of progressive gaming systems dropped 80% to $51,182, which management tied to the timing of customer purchases.
