2026-03-31 20:43:13
Dave & Buster's Reports Q4 2025 Results with Significant Net Loss of $39.8 Million
Expected Stock impact: Noticeably Negative
On March 31, 2026, Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) announced its financial results for the fourth quarter and fiscal year ended February 3, 2026. The company reported a revenue of $529.6 million for Q4 2025, which represents a decrease of 0.9% compared to the same period in the previous fiscal year. Comparable store sales also fell by 3.3%, with management estimating that the impact of Winter Storm Fern in January contributed to this decline. The net loss for the quarter totaled $39.8 million, or $1.15 per diluted share, a stark contrast to the net income of $9.3 million, or $0.24 per diluted share, reported in Q4 2024. Adjusted net loss was reported at $12.0 million, or $0.35 per diluted share, compared to an adjusted net income of $25.3 million, or $0.66 per diluted share, in the prior year. The company also noted that adjusted EBITDA for the quarter was $111.4 million, down from $127.2 million in Q4 2024. For the fiscal year 2025, total revenue was $2.1 billion, a decrease of 1.4% from the previous year, with a net loss of $48.7 million, or $1.40 per share, compared to a net income of $58.3 million, or $1.46 per diluted share, in fiscal 2024. The company opened 11 new stores during the year and remodeled 16 existing locations. Despite the challenges faced, CEO Tarun Lal expressed confidence in the company's strategy to improve operational performance and guest experience moving forward. The company ended the quarter with $482.9 million in liquidity, including $16.6 million in cash and $466.3 million available under its revolving credit facility.
