Lucky Strike Entertainment Corp
Business
Lucky Strike Entertainment Corporation operates over 360 location-based entertainment venues across North America under multiple brand concepts. The company provides bowling, amusement games, water parks, family entertainment centers, food and beverage service, and professional bowling sanctioning and broadcasting through the Professional Bowlers Association. Operations span traditional and upscale entertainment formats across the United States, Canada, and Mexico, with revenue derived from walk-in retail customers, league memberships, group events, annual pass holders, and food and beverage sales.
Summary from 10-K filed 2025-08-28
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Total revenues | 1,201 | 1,155 | 1,059 | 912 | 395 | |
| Location operating costs, excluding depreciation and amortization | 376 | 329 | 268 | — | — | |
| Location payroll and benefit costs | 284 | 287 | 262 | — | — | |
| Location food and beverage costs | 95 | 91 | 83 | — | — | |
| Selling, general and administrative expenses, excluding depreciation and amortization | 143 | 148 | 137 | 181 | 78 | |
| Depreciation and amortization | 157 | 145 | 109 | — | — | |
| Loss on impairment and disposal of fixed assets, net | 11 | 61 | −639,000 | — | — | |
| Other operating (income) expense, net | −1 | 2 | −2 | 7 | 1 | |
| Total costs and expenses | 1,064 | 1,063 | 858 | — | — | |
| Operating income | 137 | 92 | 201 | 117 | −39 | |
| Interest expense, net | 196 | 178 | 111 | 94 | — | |
| Change in fair value of earnout liability | −101 | 25 | 85 | 26 | 0 | |
| Other expense | 817,000 | 76,000 | 7 | 149,000 | 0 | |
| Total other expense | 96 | 203 | 203 | 147 | 89 | |
| Income (loss) before income tax expense (benefit) | 41 | −112 | −2 | −31 | −127 | |
| Income tax expense (benefit) | 52 | −28 | −84 | −690,000 | −1 | |
| Net (loss) income | −10 | −84 | 82 | −30 | −126 | |
| Series A preferred stock dividends | −9 | −9 | −24 | −10 | −8 | |
| Earnings allocated to Series A preferred stock | 0 | 0 | −5 | 0 | 0 | |
| Net (loss) income attributable to common stockholders | −19 | −92 | 53 | −40 | −134 | |
| Net (loss) income attributable to common stockholders | −19 | −92 | 53 | −40 | −134 | |
| Net (loss) income per share attributable to Class A and B common stockholders, basic (in dollars per share) | −0.13 | −0.61 | 0.32 | −0.26 | −0.92 | |
| Net (loss) income per share attributable to Class A and B common stockholders, diluted (in dollars per share) | −0.13 | −0.61 | 0.3 | −0.26 | −0.92 | |
| Weighted-average shares used in computing net (loss) income per share attributable to common stockholders, basic (in shares) | 142 | 151 | 166 | 156 | 147 | |
| Weighted-average shares used in computing net (loss) income per share attributable to common stockholders, diluted (in shares) | 142 | 151 | 176 | 156 | 147 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 60 | 67 | 196 | 132 | 187 | |
| Accounts and notes receivable, net | 8 | 7 | 3 | 5 | 3 | |
| Inventories, net | 16 | 13 | 11 | 10 | 8 | |
| Prepaid expenses and other current assets | 29 | 25 | 18 | 13 | 8 | |
| Assets held-for-sale | 0 | 2 | 2 | 9 | 686,000 | |
| Total current assets | 113 | 114 | 231 | 169 | 207 | |
| Property and equipment, net | 945 | 888 | 716 | 535 | 416 | |
| Operating lease right of use assets | 589 | 559 | 449 | 0 | — | |
| Finance lease right of use assets, net | 508 | 524 | 515 | 0 | — | |
| Intangible assets, net | 46 | 47 | 91 | 93 | 96 | |
| Goodwill | 844 | 834 | 754 | 743 | 726 | |
| Deferred income tax asset | 68 | 112 | 74 | 0 | — | |
| Other assets | 48 | 36 | 12 | 41 | 44 | |
| Total assets | 3,160 | 3,114 | 2,841 | 1,854 | 1,782 | |
| Accounts payable and accrued expenses | 145 | 136 | 121 | 101 | — | |
| Current maturities of long-term debt | 10 | 9 | 9 | 5 | 5 | |
| Current obligations of operating lease liabilities | 33 | 28 | 24 | 0 | — | |
| Other current liabilities | 6 | 9 | 14 | 13 | 9 | |
| Total current liabilities | 194 | 183 | 169 | 119 | 107 | |
| Long-term debt, net | 1,301 | 1,130 | 1,139 | 865 | — | |
| Long-term obligations of operating lease liabilities | 607 | 562 | 431 | 0 | — | |
| Long-term obligations of finance lease liabilities | 683 | 680 | 652 | 0 | — | |
| Long-term financing obligations | 449 | 441 | 9 | — | — | |
| Earnout liability | 36 | 138 | 112 | 211 | 0 | |
| Other long-term liabilities | 56 | 26 | 25 | 54 | 88 | |
| Deferred income tax liabilities | 4 | 4 | 4 | 15 | — | |
| Total liabilities | 3,331 | 3,164 | 2,542 | 1,662 | 1,452 | |
| Commitments and Contingencies (Note 11) | — | — | — | — | — | |
| Series A preferred stock | 127 | 127 | 144 | 206 | 141 | |
| Additional paid-in capital | 473 | 511 | 506 | 335 | 0 | |
| Treasury stock, at cost | −458 | −385 | −135 | −35 | — | |
| Accumulated deficit | −313 | −303 | −220 | −313 | −266 | |
| Accumulated other comprehensive (loss) income | −480,000 | 220,000 | 4 | −1 | −9 | |
| Total stockholders deficit | −299 | −177 | 155 | −14 | −276 | |
| Total liabilities, temporary equity and stockholders deficit | 3,160 | 3,114 | 2,841 | 1,854 | 1,782 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Loss (gain) on impairment and disposal of fixed assets, net | 11 | 61 | −639,000 | −4 | −46,000 | |
| Income from equity method investment | −301,000 | −614,000 | −409,000 | −388,000 | −223,000 | |
| Amortization of deferred financing costs | 4 | 4 | 3 | 4 | 3 | |
| Non-cash interest expense on finance lease obligation | 11 | 10 | 6 | 0 | 0 | |
| Distributions from equity method investments | 37 | 35 | 31 | 0 | — | |
| Non-cash portion of gain on lease modification | −903,000 | −499,000 | −2 | 0 | 0 | |
| Deferred income taxes | 46 | −34 | −86 | −7 | −1 | |
| Share-based compensation | 22 | 14 | 16 | 50 | 3 | |
| Distributions from equity method investments | 294,000 | 350,000 | 445,000 | 401,000 | 210,000 | |
| Change in fair value of earnout liability | −101 | 25 | 85 | 26 | 0 | |
| Change in fair value of marketable securities | 0 | 0 | −852,000 | 0 | 0 | |
| Accounts and notes receivable, net | −703,000 | −4 | −561,000 | −2 | 458,000 | |
| Inventories | −2 | −536,000 | −1 | −2 | −137,000 | |
| Prepaid expenses, other current assets and other assets | −18 | −6 | −3 | −6 | −2 | |
| Accounts payable and accrued expenses | 14 | 14 | 3 | −409,000 | 40 | |
| Operating lease liability | −14 | −26 | −20 | 0 | — | |
| Other current liabilities | −6 | 865,000 | −4 | 7 | 725,000 | |
| Other long-term liabilities | 30 | 873,000 | 365,000 | 3 | 44 | |
| Net cash provided by operating activities | 177 | 155 | 218 | 178 | 58 | |
| Purchases of property and equipment | −141 | −194 | −149 | −162 | −43 | |
| Purchases of intangible assets | 0 | −259,000 | −206,000 | −2 | −60,000 | |
| Proceeds from sale of property and equipment | 2 | 0 | 7 | 17 | 1 | |
| Proceeds from sale of intangibles | 0 | 65,000 | 200,000 | 0 | 140,000 | |
| Purchase of marketable securities | 0 | 0 | −45 | 0 | 0 | |
| Proceeds from sale of marketable securities | 0 | 0 | 46 | 0 | 0 | |
| Acquisitions, net of cash acquired | −81 | −191 | −112 | −73 | −5 | |
| Net cash used in investing activities | −220 | −386 | −253 | −220 | −47 | |
| Repurchase of Class A common stock into Treasury stock | −72 | −254 | −96 | −31 | 0 | |
| Settlement of Series A preferred stock | 0 | −751,000 | −81 | 0 | 0 | |
| Settlement of equity awards | −21 | 0 | 0 | — | — | |
| Payment of cash dividends | −34 | −25 | −4 | 0 | 0 | |
| Proceeds from share issuance | 1 | 1 | 590,000 | 0 | 0 | |
| Payments for tax withholdings on share-based awards | −6 | −1 | −6 | −503,000 | 0 | |
| Settlement of contingent consideration | 0 | 0 | 1 | 0 | 0 | |
| Proceeds from First Lien Credit Facility Term Loan | 150 | 0 | 1,150 | 0 | 0 | |
| Proceeds from Revolver draws | 140 | 175 | 100 | 86 | 0 | |
| Payoff of previous First Lien Credit Facility Term Loan | 0 | 0 | −786 | 0 | 0 | |
| Payment of long-term debt | −10 | −13 | −5 | −10 | −8 | |
| Proceeds on finance leases | 417,000 | 0 | 0 | — | — | |
| Payment on finance leases | −2 | −6 | −903,000 | 0 | 0 | |
| Proceeds from equipment loans | 0 | 0 | 15 | 0 | 0 | |
| Payoff of Revolver | −110 | −175 | −186 | −40 | 0 | |
| Proceeds from sale-leaseback financing | 0 | 409 | 10 | 0 | — | |
| Payment of deferred financing costs | −923,000 | −7 | −13 | −977,000 | −2 | |
| Net cash provided by financing activities | 36 | 102 | 99 | −12 | 35 | |
| Effect of exchange rates on cash | −56,000 | 8,000 | −129,000 | −46,000 | 27,000 | |
| Net (decrease) increase in cash and cash equivalents | −7 | −129 | 63 | −55 | 46 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Lucky Strike Entertainment Corp's CIK number?
Lucky Strike Entertainment Corp's SEC CIK number is 0001840572 (1840572). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Lucky Strike Entertainment Corp's SEC filings?
All of Lucky Strike Entertainment Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Lucky Strike Entertainment Corp last report earnings?
Lucky Strike Entertainment Corp (LUCK) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-030912). This is Lucky Strike Entertainment Corp's most recent earnings filing of record — not a forecast of its next earnings date.
What is Lucky Strike Entertainment Corp's most recent earnings 8-K?
Lucky Strike Entertainment Corp's latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001628280-26-030912. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Lucky Strike Entertainment Corp's latest earnings 8-K →
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