Filing Flows › Full House Resorts (FLL) › Q2 2025
Full House Resorts (FLL) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Full House Resorts (FLL) reported revenue of $73.9M for the second quarter 2025 (Q2 2025), +0.6% from a year earlier and -1% from the quarter before. Operating margin was -0.1%, net loss $10.4M (14.0% of revenue).
Full House Resorts, Q2 2025: revenue $73.9M (+0.6% year over year), operating margin -0.1%, net loss $10.4M, operating cash flow $7.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $73.9M | -1% | +0.6% |
| Operating profit | −$74K | -110% | — |
| Net earnings | −$10.4M | — | — |
| Operating cash flow | $7.9M | — | -22% |
| Free cash flow | $4.5M | — | — |
What changed
Revenue was $73.9M in Q2 2025, up 1% year over year and down 1% from the previous quarter. Casino was the largest line at 77% of revenue. Casino added $2.3M year over year (up 4%), 506% of the total change. Other operations, including contracted sports wagering declined 21%.
Operating costs exceeded revenue by $74K, an operating margin of -0.1%. Total costs grew 4% against revenue growth of 1%. The fastest-growing cost line was SG&A (+10%). The quarter ended with a net loss of $10.4M, wider than the previous quarter's $9.8M loss. Net interest and other expense of $10.4M was the main reason.
Operating cash flow was $7.9M (down 22% year over year). Non-cash charges added back $10.6M of depreciation and amortization and $594K of share-based compensation. Working capital and other items added $7.1M. Capital expenditures of $3.3M left free cash flow of $4.5M.
Questions
What was Full House Resorts' revenue in the second quarter 2025?
Full House Resorts (FLL) reported revenue of $73.9M for the second quarter 2025 (Q2 2025), +0.6% from a year earlier and -1% from the quarter before.
Was Full House Resorts profitable in the second quarter 2025?
Operating loss was $74K (-0.1% of revenue) and net loss $10.4M.
Source: Full House Resorts 10-Q on SEC EDGAR.