Stocks/GLXZ

GLXZ

Galaxy Gaming, Inc.
Consumer Cyclical·Gambling, Resorts & Casinos
$1.80
$46M market cap
Revenue
$15.9M
Free Cash Flow
$2.0M
Rev Growth
+0.0%
FCF Margin
12.4%
P/FCF
23.1x
EV/FCF
22.1x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--

Galaxy Gaming, Inc., a gaming company, designs, develops, acquires, assembles, markets, and licenses proprietary casino table games and associated technology, platforms, and systems for the casino gaming industry. The company's proprietary table games comprise side bets, which are proprietary features and wagering options added to public domain games, such as poker, baccarat, pai gow poker, craps, and blackjack table games under the Lucky Ladies, 21+3, and Bonus Craps titles; and premium games,

2-Year Price History

$1.74+16.0%
$1.4$1.6$1.8$2.0$2.2$2.4$2.6$2.8volJun 24Oct 24Jan 25May 25Sep 25Jan 26May 26

Quarterly Financials & Projections

Quarterly Waterfall ($ M)
PeriodRevEBITDAOpInNIOCFFCFCapExCashDebtSharesROICIntCovEV/EBITDA
Act2026-Q17.73.32.31.42.50.9-0.64.92.926.2219.9%4.2x--
Act2025-Q48.23.32.41.52.21.1-1.14.339.626.223.4%4.1x--

Valuation & Metrics

Market Stats

Price$1.80
Market Cap$46M
Enterprise Value$44M
P/S Ratio2.9x
P/FCF23.1x
EV/FCF22.1x
FCF Margin (TTM)12.4%
FCF Yield4.3%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD

TTM Financial Snapshot

Revenue$15.9M
Net Income$2.9M
Free Cash Flow$2.0M

Revenue Growth (YoY)+0.0%
EBITDA Margin41.5%
Net Margin18.1%
FCF Margin12.4%
CapEx % of Revenue11.0%
SBC % of Revenue1.0%
ROIC121.7%
WC Change % Rev5.5%
Interest Coverage4.2x

Forward Outlook & Risk

Short Interest

Short % of Float--
Short Shares0.0M
Days to Cover1.0
Change (vs Prior)+512.2%
Need at least 2 settlement dates for chart

Employees

Headcount47
Revenue / Employee$338,263
Gross Profit / Employee$332,010

Institutional Ownership

Headline & net flow

NEUTRAL
Net flow · still filing
No float data — flow unavailable.

Ownership composition

Active
1.0%(+0.7% YoY)
2 filers
hedge / family / endowment
Retail funds
Fidelity, Schwab, 401(k)
Passive
0.0%(+0.0% YoY)
0 filers
Vanguard, iShares, SPDR
Market makers
0.0%(+0.0% YoY)
0 filers
Citadel, Susquehanna
Insiders
Form 4 — latest per insider
0%25%50%75%100%2020-122021-092024-122025-062025-122026-03
ActiveRetail fundsPassiveMarket makersRetail direct

Top holders

Fund$ valueCost basisΔ QoQΔ YoYα lifeFund AUM
Diversified Investment Strategies, LLC$396K$2.59+$90K+$357K-0.1%$157M
FNY Investment Advisers, LLC$27K$2.79+$0+$0-0.7%$225M
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.

Trading behavior

Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.10%
avg per quarter
Holders (ex-self)
-0.09%
excl. this stock
Buyers (this Q)
+0.00%
0 buyers · $0.00B in
Sellers (this Q)
+0.00%
0 sellers · $0.00B out
alpha coverage: 100% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+20.9%
how holders react when this stock falls
On quiet Qs
+17.3%
−10% to +10% baseline
On rallies (+10%+)
-4.5%
how they react when this stock rises
Holders' portfolio flow this Q
-5.1%
outflows — trims may be forced
Sellers' portfolio flow this Q
+0.0%
Sellers' overall flow ~ flat.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-1.6%
Holder mid (any stock)
-3.5%
Holder rally (any stock)
-4.5%

Top-5 holders · 100.0%

Diversified Investment Strategies, LLC--
FNY Investment Advisers, LLC--

Top Holders Over Time

5-year share-count history (top 10 holders by peak, incl. exited) + price

059K118K176K235K$1.80$2.06$2.33$2.59$2.862021-092024-122025-062025-122026-03
hover the chart for per-quarter detailprice (right axis)
Diversified Investment Strategies, LLC220KTUDOR INVESTMENT CORP ET ALClear Perspective Advisors, LLCFNY Investment Advisers, LLC15K

Corporate

Order Flow (FINRA, ~3w lag)

90.5%retail+10.1pp
9.5%dark-10.1pp
week of 2026-04-13
0%20%40%60%80%100%24-1125-0225-0525-0825-1126-0226-04retail (non-ATS)dark (ATS)
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.

Filing Risk Analysis

Filing Risk Scores

Galaxy Gaming, Inc.: Technical Insolvency Masked by Pending Merger Arbitrage

Overall Risk
8/10
Fraud
4/10
Dilution
5/10
Insolvency
9/10
Earnings Overstated
6/10
Hidden Liabilities
7/10
Legal
8/10
Audit Warnings
7/10
Hidden Upside
8/10
Contextually Acceptable
3/10