Earnings Releases·Oct 27, 2026, 5:54 PM ET

Monarch Casino & Resort — Third Quarter 2026 Earnings Summary

Net revenue rose 2.4% year-over-year to $146.3 million for the quarter and 5.0% to $425.4 million for the nine months, while net income increased 1.4% to $32.0 million for the quarter and 17.4% to $92.1 million for the nine months; diluted EPS grew 4.1% to $1.76 for the quarter and 21.1% to $5.06 for the nine months.
Adjusted EBITDA increased 2.1% to $56.0 million for the quarter (38.3% margin) and 7.3% to $158.0 million for the nine months, supported by revenue growth across casino, food and beverage, and hotel segments despite a rise in SG&A expenses to $29.0 million.
The company returned $42.3 million to stockholders in the quarter via $37 million in share repurchases and $5.3 million in dividends, with 670,644 shares remaining available under the repurchase authorization and an annualized dividend rate of $1.20 per share.
Management affirmed confidence in sustained growth and capital allocation, citing a strong balance sheet with $137.4 million in cash and no credit facility borrowings, while actively evaluating M&A transactions to drive long-term value.
A construction litigation judgment of $74.6 million against the company remains under appeal, representing a significant risk alongside potential regulatory changes, labor shortages, and market competition.