Filing Flows › Canterbury Park Holding (CPHC) › Q2 2025
Canterbury Park Holding (CPHC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Canterbury Park Holding (CPHC) reported revenue of $15.7M for the second quarter 2025 (Q2 2025), -3% from a year earlier and +19% from the quarter before. Operating margin was 2.8%, net loss $327K (2.1% of revenue).
Canterbury Park Holding, Q2 2025: revenue $15.7M (-3% year over year), operating margin 2.8%, net loss $327K, operating cash flow $4.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.7M | +19% | -3% |
| Operating profit | $432K | -34% | — |
| Net earnings | −$327K | — | — |
| Operating cash flow | $4.4M | +30% | -19% |
| Free cash flow | $3.2M | +28% | +78% |
What changed
Revenue was $15.7M in Q2 2025, down 3% year over year and up 19% from the previous quarter. Casino was the largest line at 61% of revenue. Casino lost $357K year over year (down 4%), 66% of the total change.
Operating profit was $432K, a 2.8% margin (down 4.2 points year over year). Total costs grew 1% against a revenue fall of 3%. The fastest-growing cost line was Sales & marketing (+41%). The quarter ended with a net loss of $327K, wider than the previous quarter's $299K loss. Net interest and other expense of $910K was the main reason.
Operating cash flow was $4.4M (down 19% year over year). Non-cash charges added back $1.0M of depreciation and $178K of share-based compensation. Working capital and other items added $3.5M. Capital expenditures of $1.2M left free cash flow of $3.2M.
Questions
What was Canterbury Park Holding's revenue in the second quarter 2025?
Canterbury Park Holding (CPHC) reported revenue of $15.7M for the second quarter 2025 (Q2 2025), -3% from a year earlier and +19% from the quarter before.
Was Canterbury Park Holding profitable in the second quarter 2025?
Operating profit was $432K (2.8% of revenue) and net loss $327K.