What Inspired Entertainment, Inc. told the SEC could break it.

Inspired earns ~69% of revenue from the UK (9% Greece, 22% rest of world) and substantially all revenue outside the U.S., concentrating exposure to UK gaming demand, regulation and economy.

“In the year ended December 31, 2025, we earned approximately 69% of our revenue from our operations in the UK, 9% of our revenue from our operations in Greece, and 22% of our revenue from our operations in the rest of the world.”

In Q4 2025 Inspired restructured in part due to the non-renewal of two significant customer contracts, illustrating its exposure to losing key B2B gaming/lottery customers even though none individually exceeds 10% of revenue.

“During the fourth quarter of 2025, linked to the non-renewal of two significant customer contracts”

Inspired reports in British Pounds and translates foreign functional currencies into its reporting currency, so GBP and other FX movements directly affect reported results.

“The Company uses the British Pound as its functional currency for reporting purposes. Our results are affected by changes in foreign currency exchange rates as a result of the translation of foreign functional currencies into our reporting currency”

Inspired's products operate under gaming/lottery regulation across many jurisdictions and it must comply with U.S. OFAC sanctions in its global transactions; regulatory or sanctions failures could bring penalties and restrict operations.

“sanctions programs administered by the Office of Foreign Assets Control (OFAC) in the U.S. relating to our ability to engage in transactions with entities that are domiciled in countries or territories subject to comprehensive OFAC trade sanctions”