Filing Flows › Full House Resorts (FLL) › Q1 2025
Full House Resorts (FLL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Full House Resorts (FLL) reported revenue of $75.1M for the first quarter 2025 (Q1 2025), +7% from a year earlier and +3% from the quarter before. Operating margin was 1.0%, net loss $9.8M (13.0% of revenue).
Full House Resorts, Q1 2025: revenue $75.1M (+7% year over year), operating margin 1.0%, net loss $9.8M, operating cash flow −$9.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $75.1M | +3% | +7% |
| Operating profit | $738K | — | — |
| Net earnings | −$9.8M | — | — |
| Operating cash flow | −$9.5M | — | — |
What changed
Revenue was $75.1M in Q1 2025, up 7% year over year and up 3% from the previous quarter. Casino was the largest line at 74% of revenue. Casino added $3.6M year over year (up 7%), 71% of the total change.
Operating profit was $738K, a 1.0% margin (up 1.8 points year over year). Total costs grew 5% against revenue growth of 7%. The quarter ended with a net loss of $9.8M, narrower than the previous quarter's $12.3M loss. Net interest and other expense of $10.3M was the main reason.
Operating cash flow was −$9.5M. Non-cash charges added back $10.6M of depreciation and amortization. Working capital and other items used $10.3M. Capital expenditures of $2.9M exceeded it, leaving free cash flow of −$12.3M.
Questions
What was Full House Resorts' revenue in the first quarter 2025?
Full House Resorts (FLL) reported revenue of $75.1M for the first quarter 2025 (Q1 2025), +7% from a year earlier and +3% from the quarter before.
Was Full House Resorts profitable in the first quarter 2025?
Operating profit was $738K (1.0% of revenue) and net loss $9.8M.
Source: Full House Resorts 10-Q on SEC EDGAR.