PLAY

MKT CAP:$425M

Dave & Buster's Entertainment, Inc.

Market Cap

$425M

Communication Services·Entertainment·🇺🇸 United States·NASDAQ

Communication·Entertainment·🇺🇸·NASDAQ

Stock Price

$12.70-$4.34 (-25.47%)

Apr 23, 2026

Company Details

Dave & Buster's Entertainment, Inc. owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of entrées and appetizers, as well as a selection of non-alcoholic and alcoholic beverag...

CEO

Tarun Lal

IPO Date

Oct 10, 2014

Website

ir.daveandbusters.com

Key Metrics TTM

Revenue

$2.1B

-5.5% YoY

Net Income

$8M

EPS (Diluted)

$0.26

Free Cash Flow

-$319M

Revenue / Share

$59.38

Gross Margin

85.4%

Operating Margin

8.4%

Net Margin

0.4%

FCF Margin

-15.3%

P/S

0.2x

P/E

55.9x

Earnings Reports

FY 2025

Mar 31, 2026

$2.1B-1.4%EPS -$1.40

Q1 2025

Jun 10, 2025

$568M-3.5%EPS $0.62

FY 2024

Apr 7, 2025

$2.1B-3.3%EPS $1.46

Q4 2024

Apr 7, 2025

$535M-10.8%EPS $0.24

Q3 2024

Dec 10, 2024

$453M-3.0%EPS -$0.84

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$378M	$320M	$79M
Q3 21	$318M	$265M	$24M
Q4 21	$343M	$288M	$47M
Q1 22	$451M	$381M	$99M
Q2 22	$468M	$393M	$57M
Q4 22	$564M	$477M	$77M
Q1 23	$597M	$503M	$121M
Q2 23	$542M	$455M	$77M
Q3 23	$467M	$391M	$19M
Q4 23	$599M	$509M	$90M
Q1 24	$588M	$501M	$86M
Q2 24	$557M	$475M	$85M
Q3 24	$453M	$385M	$12M
Q4 24	$535M	$457M	$44M
Q4 24	$535M	$457M	$50M
Q1 25	$568M	$486M	$69M

Valuation

Quarter	P/S	P/E
Q2 21	1.8x	—
Q3 21	1.7x	70.5x
Q4 21	1.4x	16.3x
Q1 22	1.5x	14.5x
Q2 22	1.2x	13.8x
Q4 22	1.1x	12.4x
Q1 23	0.7x	7.4x
Q2 23	0.9x	11.7x
Q3 23	0.6x	10.7x
Q4 23	1.0x	16.7x
Q1 24	1.0x	22.0x
Q2 24	0.6x	11.6x
Q3 24	0.7x	17.8x
Q4 24	0.5x	18.6x
Q4 24	0.5x	41.3x
Q1 25	0.4x	96.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	$121M	$93M
Q3 21	$410.0K	-$25M
Q4 21	$85M	$56M
Q1 22	$149M	$109M
Q2 22	$84M	$25M
Q4 22	$144M	$73M
Q1 23	$92M	$41M
Q2 23	$104M	$21M
Q3 23	$71M	-$3M
Q4 23	$97M	-$25M
Q1 24	$109M	-$4M
Q2 24	$102M	-$14M
Q3 24	-$7M	-$138M
Q4 24	$109M	-$61M
Q4 24	$109M	-$61M
Q1 25	$96M	-$59M

Capital Expenditures

Quarter	CapEx
Q2 21	$28M
Q3 21	$26M
Q4 21	$29M
Q1 22	$40M
Q2 22	$60M
Q4 22	$70M
Q1 23	$51M
Q2 23	$83M
Q3 23	$74M
Q4 23	$123M
Q1 24	$113M
Q2 24	$116M
Q3 24	$131M
Q4 24	$170M
Q4 24	$170M
Q1 25	$155M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	+642.9%	+126.2%
Q3 21	+191.6%	+77.8%
Q4 21	+193.7%	+73.6%
Q1 22	+70.0%	+54.3%
Q2 22	+24.0%	+38.0%
Q4 22	+77.3%	+65.8%
Q1 23	+74.1%	+60.5%
Q2 23	+20.2%	+32.0%
Q3 23	-0.3%	+8.8%
Q4 23	+6.3%	+4.7%
Q1 24	-1.5%	+5.6%
Q2 24	+2.8%	+1.6%
Q3 24	-3.0%	-1.5%
Q4 24	-10.8%	-3.7%
Q4 24	-9.1%	-3.6%
Q1 25	+1.9%	+5.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$3M	0.8%
Q3 21	$4M	1.2%
Q4 21	$3M	0.7%
Q1 22	$4M	0.8%
Q2 22	$5M	1.0%
Q4 22	$9M	1.5%
Q1 23	$7M	1.1%
Q2 23	$5M	1.0%
Q3 23	$4M	0.7%
Q4 23	$600.0K	0.1%
Q1 24	$4M	0.7%
Q2 24	$2M	0.4%
Q3 24	$3M	0.6%
Q4 24	-$5M	-0.8%
Q4 24	-$5M	-0.8%
Q1 25	$3M	0.5%

OpEx Breakdown

Quarter	G&A
Q2 21	$99M
Q3 21	$101M
Q4 21	$95M
Q1 22	$122M
Q2 22	$151M
Q4 22	$177M
Q1 23	$162M
Q2 23	$159M
Q3 23	$148M
Q4 23	$179M
Q1 24	$170M
Q2 24	$159M
Q3 24	$146M
Q4 24	$140M
Q4 24	$140M
Q1 25	$159M

Revenue Segments

Quarter	Food and Beverage	Product and Service, Other	Entertainment
Q2 21	$123M	$255M	—
Q3 21	$108M	$210M	—
Q1 22	$152M	$299M	—
Q2 22	$157M	$311M	—
Q3 23	$165M	—	$302M
Q1 24	$202M	—	$386M
Q2 24	$181M	—	$376M
Q3 24	$158M	—	$295M
Q4 24	$200M	—	$335M
Q1 25	$201M	—	$367M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$100M	$0	$100M
Q3 22	$108M	$0	$108M
Q4 22	$182M	$0	$182M
Q1 23	$92M	$0	$92M
Q2 23	$83M	$0	$83M
Q3 23	$64M	$0	$64M
Q4 23	$37M	$0	$37M
Q1 24	$32M	$0	$32M
Q2 24	$13M	$0	$13M
Q3 24	$9M	$0	$9M
Q4 24	$7M	$0	$7M
Q4 24	$7M	$0	$7M
Q1 25	$12M	$0	$12M
Q2 25	$12M	$0	$12M
Q3 25	$14M	$0	$14M
Q4 25	$17M	$0	$17M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	49M	-0.2%	+4.5%
Q3 21	49M	+0.1%	+3.5%
Q4 21	49M	-0.0%	+3.4%
Q1 22	49M	+0.4%	+0.2%
Q2 22	49M	-0.4%	+0.1%
Q4 22	49M	-0.5%	-0.6%
Q1 23	48M	-1.1%	-1.6%
Q2 23	43M	-10.5%	-12.3%
Q3 23	42M	-3.6%	-15.1%
Q4 23	41M	-1.5%	-16.0%
Q1 24	42M	+1.1%	-14.1%
Q2 24	41M	-2.1%	-6.0%
Q3 24	39M	-4.1%	-6.5%
Q4 24	38M	0.0%	-8.3%
Q4 24	38M	0.0%	-8.3%
Q1 25	35M	-7.8%	-13.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	$44.2K	9K
Q3 21	$37.2K	9K
Q4 21	$24.9K	14K
Q1 22	$32.7K	14K
Q2 22	$34.0K	14K
Q4 22	$24.8K	23K
Q1 23	$26.3K	23K
Q2 23	$23.8K	23K
Q3 23	$20.5K	23K
Q4 23	$26.3K	23K
Q1 24	$25.3K	23K
Q2 24	$24.0K	23K
Q3 24	$19.5K	23K
Q4 24	$23.0K	23K
Q4 24	$22.8K	23K
Q1 25	$24.2K	23K

Revenue / Employee