Filing Flows › Canterbury Park Holding (CPHC) › Q4 2025
Canterbury Park Holding (CPHC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 10, 2026
Canterbury Park Holding (CPHC) reported revenue of $12.4M for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and -32% from the quarter before. Operating margin was 2.6%, net loss $390K (3.1% of revenue).
Canterbury Park Holding, Q4 2025: revenue $12.4M (+4% year over year), operating margin 2.6%, net loss $390K, operating cash flow −$103K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.4M | -32% | +4% |
| Operating profit | $329K | -69% | — |
| Net earnings | −$390K | -180% | — |
| Operating cash flow | −$103K | -108% | — |
What changed
Revenue was $12.4M in Q4 2025, up 4% year over year and down 32% from the previous quarter. Casino was the largest line at 76% of revenue.
Operating profit was $329K, a 2.6% margin (up 3.5 points year over year). Total costs grew 0% against revenue growth of 4%. The fastest-growing cost line was Sales & marketing (+39%). The quarter ended with a net loss of $390K, after a profit of $487K the previous quarter. Net interest and other expense of $828K was the main reason.
Operating cash flow was −$103K. Non-cash charges added back $1.1M of depreciation and amortization and $180K of share-based compensation. Working capital and other items used $946K. Capital expenditures of $508K exceeded it, leaving free cash flow of −$611K.
Questions
What was Canterbury Park Holding's revenue in the fourth quarter 2025?
Canterbury Park Holding (CPHC) reported revenue of $12.4M for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and -32% from the quarter before.
Was Canterbury Park Holding profitable in the fourth quarter 2025?
Operating profit was $329K (2.6% of revenue) and net loss $390K.