# Flutter Entertainment plc (FLUT) · Edgar & Edgarette company card

> Flutter Entertainment (FLUT) grew revenue 16.6% in FY2025 to $16.4 billion, operating margin 0.2% against a 2.9% median for computer programming, data processing, etc., equity 30.9% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1635327 · fiscal year ended 2025-12-31 · 4 audited years read · [page](https://www.pops4.com/boards/company/FLUT) · [JSON](https://www.pops4.com/boards/company/FLUT.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $16.4B |
| Revenue growth, 1 year | 16.6% |
| Revenue growth per year | 20.1% |
| Operating margin | 0.2% (prior year 6.2%) |
| Net margin | -2.5% |
| Operating cash flow | $1.2B |
| Capital spending | $105M |
| Free cash flow | $1.1B |
| Cash | $1.8B |
| Long-term debt | $12.3B |
| Total assets | $29.3B |
| Total equity | $9.0B |
| Equity ÷ assets | 30.9% |
| Return on equity | -4.5% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 1.34 (grey zone)
- Piotroski F: 4 of 9 (middling)
- Beneish M: -2.03 (below the −1.78 line)
- Health Harbor boat: Sound ship · one warning sign · filed restructuring or exit costs in the last 12 months
- Cash Compass: Fast, cash not yet · growing fast, but little cash arriving so far

## Edgarette's reading

Exposure: revenue $16.4B (FY2025), total debt $12.3B. Experience: revenue up 16.6% on the year, up 20.1% a year over 3 years; operating margin 0.2%, down from 6.2%. Soundness: equity 30.9% of assets, return on equity -4.5%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $17.4B and $20.2B next year (method v4.1: its own 3-year record of growth weighed at 40% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $16.3B to $21.5B. A statistical range, not company guidance. Against peers (40 filers, $50M+ revenue, services-computer programming, data processing, etc.): operating margin 0.2% against a 2.9% median; growth 16.6% against 5.7%.

Range logged 2026-09-29, receipt 3b8d6ca5bb32716f, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 2.05 Restructuring or exit costs: 1, latest 2026-10-20 ([filing](https://www.sec.gov/Archives/edgar/data/1635327/000119312526425686/0001193125-26-425686-index.htm))
- Item 5.02 Director or officer change: 6, latest 2026-10-01 ([filing](https://www.sec.gov/Archives/edgar/data/1635327/000119312526409709/0001193125-26-409709-index.htm))

## Recent filings

- 10-Q · filed 2026-11-04 · [filing](https://www.sec.gov/Archives/edgar/data/1635327/000163532726000059/0001635327-26-000059-index.htm)
- 8-K · filed 2026-11-04 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation · [filing](https://www.sec.gov/Archives/edgar/data/1635327/000119312526446169/0001193125-26-446169-index.htm)
- 8-K · filed 2026-11-04 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1635327/000119312526446166/0001193125-26-446166-index.htm)
- 8-K · filed 2026-10-22 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1635327/000119312526428525/0001193125-26-428525-index.htm)
- 8-K · filed 2026-10-20 · 2.05 Costs Associated with Exit or Disposal Activities; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1635327/000119312526425686/0001193125-26-425686-index.htm)
- 8-K · filed 2026-10-01 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1635327/000119312526409709/0001193125-26-409709-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001635327.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1635327

## Cite

POPS4, Edgar & Edgarette: Flutter Entertainment plc (FLUT) company card, from the company's own SEC filings, accessed 2026-11-13, https://www.pops4.com/boards/company/FLUT. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.