Table Trac (TBTC) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 was $2.14M, down from $2.55M in Q3 2024; net income for Q3 2025 was $58,352, down from $292,379 year-over-year.

• For the nine months ended September 30, 2025, revenue was $8.01M, nearly flat compared to $8.02M in the prior year; net income was $985,374, down from $1,110,610.

• Gross profit margin improved to 73.7% in Q3 2025 from 70.7% in Q3 2024, and to 74.1% for the nine months from 71.5% year-over-year.

• No new systems were delivered in Q3 2025, compared to two in Q3 2024; backlog decreased to one system from five year-over-year.

• Signed one new contract and had a system contract in backlog as of September 30, 2025, expected to be installed in Q1 2026.

Financial highlights

• Q3 2025 revenue: $2.14M (down 16% year-over-year); nine months revenue: $8.01M (flat year-over-year).

• Maintenance revenues increased 6.3% year-over-year, from $1.38M in Q3 2024 to $1.47M in Q3 2025.

• Q3 2025 net income: $58,352 (down 80% year-over-year); nine months net income: $985,374 (down 11%).

• Q3 2025 EPS: $0.01 (down from $0.06); nine months EPS: $0.21 (down from $0.24).

• Cash and cash equivalents at September 30, 2025: $6.11M; short-term investments: $2.14M.

Outlook and guidance

• Management believes cash and liquidity are sufficient for at least the next 12 months.

• Anticipates installation of a system contract in backlog during the first quarter of 2026.

• As of the filing date, one new contract was signed and one system remains in backlog.