TBTCOTCServices-Miscellaneous Amusement & RecreationUS GAAP · USD

Table Trac Inc

Table Trac Inc. designs, sells, leases, and supports casino management and table-game management systems for gaming operators. The company is based in the United States and serves casinos with software, kiosks, and related hardware that help manage player tracking, promotions, cage and vault controls, and audit functions.

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Revenue11.0m USD
−1.0 %y/y
Operating profit (EBIT)1.6m USD
−6.6 %y/y
EBIT margin14.5%
−0.9 ppy/y
Net income1.6m USD
+3.2 %y/y
Free cash flow1.8m USD
−6.0 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-2.50.02.55.07.510.012.5m USD2020: 4.4 m USD2020: EBIT -0.34 m USD20202021: 7.0 m USD2021: EBIT 1.5 m USD20212022: 11 m USD2022: EBIT 2.0 m USD20222023: 9.5 m USD2023: EBIT 1.7 m USD20232024: 11 m USD2024: EBIT 1.7 m USD20242025: 11 m USD2025: EBIT 1.6 m USD2025111.6
RevenueOperating profit (EBIT)
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Business

Share of revenue
Casino management systems55 %

Unified software platforms for player tracking, promotions, cage/vault control, and accounting.

Table games management systems20 %

Patented systems that automate and monitor casino table-game operations.

Kiosks and ancillary products10 %

Self-service kiosks and related modules such as KioskTrac, SlotSUITE, and RePrintEnroll.

Maintenance and support10 %

Ongoing technical support, maintenance contracts, and customer service for installed systems.

System leasing and service5 %

Leased deployments and other service revenue tied to casino system installations.

Products

Reported · share of revenue
55.7%26.5%17.4%FY2025100 %
  • Maintenance55.7 %
  • System26.5 %
  • Service and Other17.4 %
  • Lease0.5 %

Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

Table Trac sells to casino operators that need integrated systems to manage gaming floors, loyalty programs, and back-office controls. Its customers include both new casino installations and existing operators expanding or upgrading installed systems, with support and maintenance contracts extending the relationship after deployment.

Casino operators

Casinos buy the core CMS and table-game systems to manage operations, compliance, and guest programs.

Existing installed base customers

Current customers add modules, kiosks, and support services to expand functionality over time.

New casino deployments

New properties purchase full system installations when opening or modernizing operations.

International casino operators

Operators outside the U.S. buy systems through direct or partner-led deployments.

Strategy

Table Trac’s strategy centers on expanding its installed base, adding new system features, and selling ancillary products that deepen customer relationships. The company also emphasizes patented technology, open architecture, and long-term support contracts to make its platform easier to integrate into casino operations.

Expand system deploymentsShort term

More installed systems increase the base for maintenance, upgrades, and add-on sales.

Increase share of wallet at existing casinosMedium term

Existing customers can add modules, kiosks, and services without a full replacement cycle.

Broaden product functionalityMedium term

New features and ancillary products help defend the platform and support cross-selling.

Geography

The company is headquartered in Minnetonka, Minnesota and is organized as a U.S. corporation. Its customer base is concentrated in the United States, while its installed base also includes casinos in other countries, including Australia and a broader worldwide footprint.

Risks

Table Trac depends on casino capital spending, customer adoption of its systems, and continued service relationships after installation. Its business is also exposed to gaming-industry regulation, implementation risk, and concentration in the U.S. market, where a small number of customers or delayed projects can affect results.

Sorted by severity
Casino capital spending cyclesHigh

System sales depend on operators approving new installs or upgrades.

Exposure: New deployments and expansions

Customer concentration in the United StatesHigh

Most revenue comes from U.S. customers, so domestic demand matters disproportionately.

Exposure: 95.9% of Q1 2025 revenue

Gaming regulation and complianceHigh

Products must meet strict auditing, accounting, and regulatory requirements.

Exposure: Casino management and table-game systems

Project and installation timingMedium

Revenue can vary with the number of systems delivered in a quarter.

Exposure: System installations and expansions

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Accounting

Judgemental items
Revenue recognition across system, lease, maintenance, and service revenue

Different contract types can be recognized at different times and affect quarterly comparability.

Impact: System sales and recurring support revenue

Quarterly seasonality and installation timing

Revenue depends on when casinos accept and install systems, which can create uneven periods.

Impact: Reported revenue and gross profit by quarter

Inventory and hardware cost allocation

Hardware content in installations affects cost of sales and margin mix.

Impact: Gross profit on system deployments

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Last updated: 24/09/2026