Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
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| Dave & Buster's Entertainment, Inc.PLAY · shops | |
|---|---|
| Grade |  Dfourth fifth of 258 graded peers; percentile 73.2, sampling error 2.9 points; lower is stronger |
| Rank | 189 of 258 |
| Profitability | Cpercentile 46.1 |
| Solvency | Epercentile 91.7 |
| Growth and financing | B/Cpercentile 41.3 |
| Reliability | 0.94 AUCfailure model, filers with over $2.67B assets; 95% interval 0.88 to 0.97; 61 events, 2020 to 2025 |
| Peer failure rate | 0.52% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | over $2.67B assetstotal assets $4.1B[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: distress |
| Inputs computable | 10 of 14 |
| Graded from | filings received through Mar 31, 2026192 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $6.972026-10-08; market equity $242.8M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Mar 31, 2026; the document on sec.gov.
Dave & Buster’s Entertainment, Inc. (“D&B Entertainment”) is the owner and operator of 243 venues in North America that offer premier entertainment and dining experiences for both adults and families under the Dave & Buster's and Main Event brands. As of February 3, 2026, the Company had 179 Dave & Buster’s branded stores in 43 states, Puerto Rico, and Canada that offer guests the opportunity to “Eat Drink Play and Watch”, all in one location.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 46.1 | |||||||
| Gross profitability | 43.8% | [1-3] | 42.6% | 46.9 | 242 | 2026-02-03 | |
| Return on invested capital | 3.8% | [4-12] | 10.9% | 75.9 | 84 | 2026-02-03 | |
| Accruals ratio | (8.3%) | [1,13-15] | (4.9%) | 29.4 | 287 | 2026-02-03 | |
| Gross margin stability, five years | 0.8 pts | [2-3,16-23] | 1.2 pts | 32.1 | 219 | 2026-02-03 | |
| Solvency, sleeve percentile 91.7 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| liabilities and a nearby cover-page share count are required at 2026-08-04 | |||||||
| Altman Z double-prime | not computable | 1.92 | |||||
| one or more required annual facts are missing | |||||||
| Net debt to EBITDA | 4.21x | [4,7,9,24] | 1.84x | 85.9 | 100 | 2026-02-03 | |
| Interest coverage | not computable | 2.26x | |||||
| latest aligned inputs end 2024-02-04; latest annual assets end 2026-02-03 | |||||||
| Current ratio | 0.29x | [25-26] | 1.37x | 97.6 | 295 | 2026-02-03 | |
| Growth and financing, sleeve percentile 41.3 | |||||||
| Revenue growth, three-year compound | 2.3% | [2,16,18,20] | 1.5% | 45.5 | 269 | 2026-02-03 | |
| Free cash flow growth, three-year compound | not computable | 5.6% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | 228.8% | [4-6,24-29] | 7.3% | 0.7 | 152 | 2026-02-03 | |
| Asset growth, three years | 3.1% | [1,15,30-31] | 3.4% | 48.3 | 272 | 2026-02-03 | |
| Net share issuance, one year | 0.6% | [32-33] | (0.6%) | 70.5 | 211 | 2026-03-27 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.220; sampling error 2.9 percentile points on 258 peers.
Among 258 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 184 | Ingram Micro Holding Corp. (INGM) Ingram Micro Holding Corp. (INGM) Dfourth fifth; percentile 71.2 NYSE · Wholesale-Computers & Peripheral Equipment & Software market equity $6.4B; last close $27.59 No active warnings; 8 of 14 inputs | 71.2 | D | |
| 185 | HF Foods Group Inc. (HFFG) HF Foods Group Inc. (HFFG) Dfourth fifth; percentile 71.6 Nasdaq · Wholesale-Groceries & Related Products market equity $86.8M; last close $1.60 No active warnings; 9 of 14 inputs | 71.6 | D | |
| 186 | Team Inc. (TISI) Team Inc. (TISI) Dfourth fifth; percentile 72.0 NYSE · Services-Miscellaneous Repair Services market equity $121.6M; last close $26.63 No active warnings; 9 of 14 inputs | 72.0 | D | |
| 187 | Target Corp. (TGT) Target Corp. (TGT) Dfourth fifth; percentile 72.4 NYSE · Retail-Variety Stores market equity $70.3B; last close $154.79 No active warnings; 8 of 14 inputs | 72.4 | D | |
| 188 | El Pollo Loco Holdings, Inc. (LOCO) El Pollo Loco Holdings, Inc. (LOCO) Dfourth fifth; percentile 72.8 Nasdaq · Retail-Eating Places market equity $454.7M; last close $14.92 No active warnings; 10 of 14 inputs | 72.8 | D | |
| 189 | Dave & Buster's Entertainment, Inc. (PLAY) Dave & Buster's Entertainment, Inc. (PLAY) Dfourth fifth; percentile 73.2 Nasdaq · Retail-Eating Places market equity $242.8M; last close $6.97 No active warnings; 10 of 14 inputs | 73.2 | D | |
| 190 | Sherwin Williams Co. (SHW) Sherwin Williams Co. (SHW) Dfourth fifth; percentile 73.5 NYSE · Retail-Building Materials, Hardware, Garden Supply market equity $77.9B; last close $321.02 No active warnings; 8 of 14 inputs | 73.5 | D | |
| 191 | Aramark (ARMK) Aramark (ARMK) Dfourth fifth; percentile 73.9 NYSE · Retail-Eating Places market equity $14.6B; last close $55.54 No active warnings; 9 of 14 inputs | 73.9 | D | |
| 192 | Cracker Barrel OLD Country Store, Inc. (CBRL) Cracker Barrel OLD Country Store, Inc. (CBRL) Dfourth fifth; percentile 74.3 Nasdaq · Retail-Eating Places market equity $1.2B; last close $55.32 No active warnings; 8 of 14 inputs | 74.3 | D | |
| 193 | Alliance Entertainment Holding Corp. (AENT) Alliance Entertainment Holding Corp. (AENT) Dfourth fifth; percentile 74.9 Nasdaq · Wholesale-Durable Goods, NEC last close $4.52 No active warnings; 7 of 14 inputs | 74.9 | D | |
| 194 | Alliance Entertainment Holding Corp. (AENTW) Alliance Entertainment Holding Corp. (AENTW) Dfourth fifth; percentile 74.9 Nasdaq · Wholesale-Durable Goods, NEC last close $0.25 No active warnings; 7 of 14 inputs | 74.9 | D |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | D | 65.3 | 2204 |
| sector peers, equal sleeves (the grade) | D | 73.2 | 258 |
| same exchange, equal sleeves | D | 63.1 | 1219 |
| sector peers, equal inputs | C/D | 61.9 | 258 |
Each letter is one fifth of the 258 graded peers, about 51 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (50.6%) | (0.1%) | 7 | hotter than 7 of 100 peers |
| Distance from 52-week high | (67.1%) | (24.1%) | 8 | closer to its high than 8 of 100 peers |
| EBIT to enterprise value | 4.9% | 5.3% | 45 | pricier than 55 of 100 peers |
| Free cash flow yield | (41.4%) | 4.2% | 5 | pricier than 95 of 100 peers |
| Book value to price | 0.36 | 0.36 | 50 | pricier than 50 of 100 peers |
| Sales to price | 8.66 | 1.75 | 92 | pricier than 8 of 100 peers |
| Composite equity issuance, five years | (31.4%) | (16.7%) | 23 | more equity-funded than 23 of 100 peers |
| Relative strength against the sector, log excess return | (0.68) | 0.02 | 7 | ahead of 7 of 100 peers |
Inputs: market equity $242.8M; EBIT $86.1M; free cash flow -$100.6M; book equity $87.9M; sales $2.1B; debt $1.5B; cash $16.0M[34].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: 5 of 9, period end 2026-02-03 | ||
|---|---|---|
| Return on assets above zero | (1.2%) | ✗ fail[13,15] |
| Operating cash flow above zero | $290.8M | ✓ pass[14] |
| Return on assets improved | (2.8 pts) | ✗ fail[13,15,30,35] |
| Operating cash flow exceeds net income | $339.5M | ✓ pass[13-14] |
| Long-term leverage fell | (0.8 pts) | ✓ pass[1,15,30,36-37] |
| Current ratio improved | 6.8 pts | ✓ pass[25-26,28-29] |
| No new shares issued | 0.6% | ✗ fail[32-33] |
| Gross margin improved | 0.5 pts | ✓ pass[2-3,16-17] |
| Asset turnover improved | (4.4 pts) | ✗ fail[2,15-16,30] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $16.0M[38] |
| Operating cash flow, four quarters | $321.6M[14,38-42] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 25 |
| 10-Q received Sep 14, 2026 | |
| Median daily dollar volume | $14.6M |
| 63 sessions | |
| Days since newest grade input | 192 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $4.1B | 2026-02-03 | 2026-03-31 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $2.1B | 2026-02-03 | 2026-03-31 | 10-K | filing · viewer · series |
| 3 | cost of revenue | us-gaap:CostOfRevenue | $300.3M | 2026-02-03 | 2026-03-31 | 10-K | filing · viewer · series |
| 4 | operating income | us-gaap:OperatingIncomeLoss | $86.1M | 2026-02-03 | 2026-03-31 | 10-K | filing · viewer · series |
| 5 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | -$67.9M | 2026-02-03 | 2026-03-31 | 10-K | filing · viewer · series |
| 6 | income tax | us-gaap:IncomeTaxExpenseBenefit | -$19.2M | 2026-02-03 | 2026-03-31 | 10-K | filing · viewer · series |
| 7 | total debt | us-gaap:LongTermDebt | $1.6B | 2026-02-03 | 2026-03-31 | 10-K | filing · viewer · series |
| 8 | book equity | us-gaap:StockholdersEquity | $91.2M | 2026-02-03 | 2026-03-31 | 10-K | filing · viewer · series |
| 9 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $16.6M | 2026-02-03 | 2026-03-31 | 10-K | filing · viewer · series |
| 10 | total debt | us-gaap:LongTermDebt | $1.5B | 2025-02-04 | 2026-03-31 | 10-K | filing · viewer · series |
| 11 | book equity | us-gaap:StockholdersEquity | $145.8M | 2025-02-04 | 2026-03-31 | 10-K | filing · viewer · series |
| 12 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $6.9M | 2025-02-04 | 2026-03-31 | 10-K | filing · viewer · series |
| 13 | net income | us-gaap:NetIncomeLoss | -$48.7M | 2026-02-03 | 2026-03-31 | 10-K | filing · viewer · series |
| 14 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $290.8M | 2026-02-03 | 2026-03-31 | 10-K | filing · viewer · series |
| 15 | assets | us-gaap:Assets | $4.0B | 2025-02-04 | 2026-03-31 | 10-K | filing · viewer · series |
| 16 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $2.1B | 2025-02-04 | 2026-03-31 | 10-K | filing · viewer · series |
| 17 | cost of revenue | us-gaap:CostOfRevenue | $314.4M | 2025-02-04 | 2026-03-31 | 10-K | filing · viewer · series |
| 18 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $2.2B | 2024-02-04 | 2026-03-31 | 10-K | filing · viewer · series |
| 19 | cost of revenue | us-gaap:CostOfRevenue | $353.0M | 2024-02-04 | 2026-03-31 | 10-K | filing · viewer · series |
| 20 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $2.0B | 2023-01-29 | 2025-04-07 | 10-K | filing · viewer · series |
| 21 | cost of revenue | us-gaap:CostOfRevenue | $323.2M | 2023-01-29 | 2025-04-07 | 10-K | filing · viewer · series |
| 22 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.3B | 2022-01-30 | 2024-04-02 | 10-K | filing · viewer · series |
| 23 | cost of revenue | us-gaap:CostOfRevenue | $204.9M | 2022-01-30 | 2024-04-02 | 10-K | filing · viewer · series |
| 24 | depreciation amortization | us-gaap:Depreciation | $279.1M | 2026-02-03 | 2026-03-31 | 10-K | filing · viewer · series |
| 25 | current assets | us-gaap:AssetsCurrent | $124.1M | 2026-02-03 | 2026-03-31 | 10-K | filing · viewer · series |
| 26 | current liabilities | us-gaap:LiabilitiesCurrent | $434.6M | 2026-02-03 | 2026-03-31 | 10-K | filing · viewer · series |
| 27 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $391.4M | 2026-02-03 | 2026-03-31 | 10-K | filing · viewer · series |
| 28 | current assets | us-gaap:AssetsCurrent | $94.4M | 2025-02-04 | 2026-03-31 | 10-K | filing · viewer · series |
| 29 | current liabilities | us-gaap:LiabilitiesCurrent | $433.9M | 2025-02-04 | 2026-03-31 | 10-K | filing · viewer · series |
| 30 | assets | us-gaap:Assets | $3.8B | 2024-02-04 | 2025-04-07 | 10-K | filing · viewer · series |
| 31 | assets | us-gaap:Assets | $3.8B | 2023-01-29 | 2024-04-02 | 10-K | filing · viewer · series |
| 32 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 34,739,405 | 2026-03-27 | 2026-03-31 | 10-K | filing · viewer · series |
| 33 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 34,515,297 | 2025-04-04 | 2025-04-07 | 10-K | filing · viewer · series |
| 34 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 34,830,644 | 2026-09-09 | 2026-09-14 | 10-Q | filing · viewer · series |
| 35 | net income | us-gaap:ProfitLoss | $58.3M | 2025-02-04 | 2026-03-31 | 10-K | filing · viewer · series |
| 36 | long term debt | us-gaap:LongTermDebtNoncurrent | $1.5B | 2026-02-03 | 2026-03-31 | 10-K | filing · viewer · series |
| 37 | long term debt | us-gaap:LongTermDebtNoncurrent | $1.5B | 2025-02-04 | 2026-03-31 | 10-K | filing · viewer · series |
| 38 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $16.0M | 2026-08-04 | 2026-09-14 | 10-Q | filing · viewer · series |
| 39 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $160.6M | 2026-08-04 | 2026-09-14 | 10-Q | filing · viewer · series |
| 40 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $113.8M | 2026-05-05 | 2026-06-15 | 10-Q | filing · viewer · series |
| 41 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $187.8M | 2025-11-04 | 2025-12-09 | 10-Q | filing · viewer · series |
| 42 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $129.8M | 2025-08-05 | 2026-09-14 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 73.2 is 6.8 points from the nearest band edge; sampling error is 2.9 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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