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LUCK

Lucky Strike Entertainment Corporation

LUCK

Lucky Strike Entertainment Corporation • NYSE
$7.82 ▲ 1.69% (+0.13)
Market Cap $1.09 B
52w High $13.25
52w Low $6.96
Dividend Yield 0.23%
P/E -20.58
Volume 274.07K
Outstanding Shares 139.78M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $292.278M ▼ $69.027M ▼ $-13.798M ▲ -4.721% ▲ $-0.12 ▲ $60.037M ▼
Q4-2025 $301.182M ▼ $78.543M ▼ $-74.716M ▼ -24.808% ▼ $-0.52 ▼ $69.604M ▼
Q3-2025 $339.882M ▲ $81.885M ▲ $13.292M ▼ 3.911% ▼ $0.073 ▼ $121.379M ▲
Q2-2025 $300.074M ▲ $76.406M ▲ $28.307M ▲ 9.433% ▲ $0.17 ▲ $104.873M ▲
Q1-2025 $260.195M $73.055M $23.095M 8.876% $0.13 $98.85M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $79.088M ▲ $3.196B ▲ $3.282B ▼ $-86.404M ▲
Q4-2025 $59.686M ▼ $3.16B ▼ $3.331B ▲ $-171.346M ▼
Q3-2025 $79.088M ▼ $3.196B ▼ $3.282B ▼ $-86.404M ▼
Q2-2025 $80.755M ▲ $3.24B ▲ $3.296B ▲ $-55.74M ▼
Q1-2025 $38.448M $3.092B $3.133B $-40.409M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-13.798M ▲ $-6.408M ▼ $-315.147M ▼ $292.671M ▲ $-28.654M ▼ $-32.306M ▼
Q4-2025 $-74.716M ▼ $22.454M ▼ $-53.899M ▼ $11.935M ▲ $-19.402M ▼ $-1.11M ▼
Q3-2025 $13.292M ▼ $86.62M ▲ $-33.198M ▲ $-55.174M ▼ $-1.667M ▼ $61.123M ▲
Q2-2025 $28.307M ▲ $38.734M ▲ $-93.29M ▼ $96.905M ▲ $42.307M ▲ $-11.692M ▲
Q1-2025 $23.095M $29.413M $-39.924M $-17.806M $-28.524M $-12.166M

Five-Year Company Overview

Income Statement

Income Statement Lucky Strike’s sales have climbed steadily every year since going public, showing that demand for its entertainment venues is growing. Profitability at the operating level has improved, with healthier margins than in the early years and solid earnings before interest and non‑cash items. However, the company has struggled to turn this into consistent bottom‑line profit. After one clearly profitable year, net income slipped back into slight losses, suggesting that interest costs, depreciation, and possibly one‑time items are eating into otherwise decent operating performance. Overall, the business model appears fundamentally profitable, but the capital structure and non‑operating costs are still weighing on reported earnings.

Balance Sheet

Balance Sheet The balance sheet shows a business that has grown in size but leans heavily on debt. Total assets have expanded meaningfully, reflecting investments in venues and acquisitions, yet cash on hand is relatively modest. Debt is substantial and has risen over time, and shareholders’ equity has recently turned negative, which is a sign of a highly leveraged capital structure. This does not mean the business is failing, but it does underline financial risk: the company has less of a cushion if performance weakens, and it is more exposed to higher interest rates or refinancing challenges.

Cash Flow

Cash Flow Despite ups and downs in reported earnings, cash generation from day‑to‑day operations has been consistently positive and fairly stable. This is a key strength: the venues appear to throw off reliable cash once they are up and running. Free cash flow has been more volatile because the company continues to spend heavily on new and improved locations and attractions. In some years that spending has nearly absorbed all operating cash, in others it has left a modest surplus. The picture is of a business funding expansion largely from internal cash plus debt, with an ongoing trade‑off between growth investments and balance‑sheet flexibility.

Competitive Edge

Competitive Edge Lucky Strike benefits from clear scale advantages and brand strength in a niche where most competitors are small and local. It operates hundreds of centers, owns multiple well‑known bowling brands, and controls the Professional Bowlers Association, giving it unique marketing and content opportunities. The strategy of offering upscale, all‑in‑one destinations—bowling, arcades, food, and events—differentiates it from traditional alleys and many casual entertainment spots. Diversification into water parks and family entertainment centers further broadens its reach. The flip side is that it operates in a discretionary, highly competitive leisure market, where consumer tastes can shift and spending can drop in economic slowdowns.

Innovation and R&D

Innovation and R&D Innovation here is less about lab research and more about reimagining the guest experience. Lucky Strike is layering in technology—gamified scoring, potential augmented reality elements, data‑driven pricing and marketing, and streamlined online booking—to make visits more engaging and more profitable. It is also upgrading food and beverage offerings and designing venues for corporate and group events, which can be higher‑margin business. Looking ahead, a more integrated app and loyalty program, deeper use of customer data, and better use of the PBA brand for media and events are key levers. The main risks are execution and capital intensity: each new concept or acquisition requires meaningful investment and careful integration to pay off.

Summary

Lucky Strike has transformed itself from a traditional bowling operator into a broader, upscale entertainment platform, with steadily rising revenue and solid operating performance to show for it. The core venues generate dependable cash, and the brand portfolio, scale, and ownership of the PBA give it a differentiated position in location‑based entertainment. At the same time, the company carries a heavy debt load and now has negative equity, which increases financial risk and makes consistent, strong cash generation especially important. Future value creation will depend on how well it balances continued expansion and experiential upgrades with the need to manage leverage and protect its financial resilience in a cyclical, discretionary industry.

NEWS

November 4, 2025 · 4:05 PM UTC

Lucky Strike Entertainment Reports First Quarter Results for Fiscal Year 2026 and Increases Common Stock Dividend

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October 23, 2025 · 4:15 PM UTC

Lucky Strike Entertainment to Report First Quarter 2026 Financial Results on November 4, 2025

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September 16, 2025 · 10:28 PM UTC

Lucky Strike Entertainment Corporation Announces Pricing of Proposed Senior Secured Notes Offering and Refinancing

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