Galaxy Gaming, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 9, 2026, reporting net income of $5,129,364 for the third quarter driven in part by a $5,234,678 transaction termination income item.

Key Highlights

  • Q3 2026 net income: $5,129,364, compared to net income of $1,039,139 in Q3 2025, according to the filing.
  • Transaction termination income: The company recorded $5,234,678 in transaction termination income during the three and nine months ended September 30, 2026.
  • Total revenue: Licensing fees of $7,975,219 for Q3 2026, up from $7,325,142 in Q3 2025; nine-month revenue totaled $23,575,670.
  • Stockholders' deficit narrowed: Total stockholders' deficit improved to $(11,521,911) at September 30, 2026, from $(17,474,275) at December 31, 2025.
  • Cash position: Cash and cash equivalents were $9,062,417 at September 30, 2026, compared to $4,306,683 at December 31, 2025.
  • Share repurchase and warrant cancellation: 330,758 shares of common stock were repurchased for $514,202, and outstanding warrants were cancelled, reducing additional paid-in capital by $1,214,933 in Q3 2026.
  • Shares outstanding: 25,159,424 common shares as of November 2, 2026.

Galaxy Gaming Reports Q3 2026 Results Boosted by Transaction Termination Income

Galaxy Gaming, Inc. (OTCQB:GLXZ), a Nevada-incorporated company headquartered in Las Vegas, filed its quarterly report covering the three and nine months ended September 30, 2026. According to the filing, total revenue for the third quarter consisted entirely of licensing fees totaling $7,975,219, an increase from $7,325,142 in the same quarter of 2025. For the nine months ended September 30, 2026, licensing fees totaled $23,575,670, compared to $22,637,766 for the same period in 2025.

The filing reports that Q3 2026 income from operations was $664,738, a decrease from $1,903,652 in Q3 2025, as selling, general and administrative expenses rose to $5,854,086 from $4,021,121 in the prior-year quarter. However, total other income, net, was $4,520,611 for Q3 2026 compared to a net expense of $(888,496) in Q3 2025, primarily due to the $5,234,678 in transaction termination income recorded in the period. Interest expense for the quarter was $(729,544), down from $(872,101) in Q3 2025, the filing noted.

On the balance sheet, total assets grew to $31,347,317 at September 30, 2026, from $27,500,619 at December 31, 2025. Long-term debt and liabilities, net, declined to $34,276,752 from $36,867,804 over the same period. The accumulated deficit decreased to $(30,773,719) at September 30, 2026, from $(38,267,617) at December 31, 2025. During Q3 2026, the company repurchased 330,758 shares of common stock for $514,202 and cancelled outstanding warrants, reducing additional paid-in capital by $1,214,933, according to the statements of changes in stockholders' deficit.

What Was Disclosed

Galaxy Gaming filed a Form 10-Q for the quarter ended September 30, 2026, disclosing Q3 net income of $5,129,364, nine-month net income of $7,493,898, a $5,234,678 transaction termination income item, share repurchases, warrant cancellations, and an improved cash and deficit position relative to year-end 2025.