What is Flutter Entertainment's goodwill impairment?

Flutter Entertainment (FLUT) reported goodwill impairment of $0 in Q3 2025.

What does goodwill impairment mean?

Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.

Flutter Entertainment FLUT Goodwill impairment

Discontinued — last reported Q3 '25

Goodwill impairment at other companies

Citizens Financial Services, Inc.CZFS

$0—

Orrstown Financial ServicesORRF

$0—

Maravai LifeSciences Holdings, Inc.MRVI

$0-100%

Hanmi FinancialHAFC

$0—

Amtech SystemsASYS

$20.35M—

Wintrust FinancialWTFC

$0—

Segments

By segment

See full

International$517M—

U.S.$0—

By geography

See full

UKI$0—

Other financials

Income statement

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Revenue$4.3B+17.4%

Gross profit$1.8B+7.5%

Operating income$79.0M-64.6%

Net income$209.0M-37.6%

EPS (diluted)$1.23-21.7%

Balance sheet

See full

Cash & equivalents$1.5B-1.6%

Total debt$12.7B+69.8%

Total equity$9.1B-8.1%

Total assets$28.5B+14.7%

Cash flow

See full

Operating cash flow$330.0M+75.5%

CapEx$25.0M+31.6%

Free cash flow$305.0M+80.5%

Valuation

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Market cap$17.56B-67.4%

Enterprise value$28.75B-54.3%

P/S1×-2.6×

Profitability

See full

Gross margin44.2%-3.3pp

Operating margin-0.6%-7.4pp

Net margin-3.2%-7.9pp

FCF margin7.1%-2.0pp

Returns & leverage

See full

Return on equity-5.7%-12.7pp

Debt / equity1.4×+0.6×

Current ratio0.9×0.0×

Where this comes from

Reported directly by Flutter Entertainment in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Flutter Entertainment’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Flutter Entertainment's goodwill impairment?: Flutter Entertainment (FLUT) reported goodwill impairment of $0 in Q3 2025.
What does goodwill impairment mean?: Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.