Filing Flows › Full House Resorts (FLL) › Q3 2025
Full House Resorts (FLL) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Full House Resorts (FLL) reported revenue of $78.0M for the third quarter 2025 (Q3 2025), +3% from a year earlier and +5% from the quarter before. Operating margin was 4.4%, net loss $7.7M (9.8% of revenue).
Full House Resorts, Q3 2025: revenue $78.0M (+3% year over year), operating margin 4.4%, net loss $7.7M, operating cash flow −$472K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $78.0M | +5% | +3% |
| Operating profit | $3.4M | — | — |
| Net earnings | −$7.7M | — | — |
| Operating cash flow | −$472K | -106% | — |
What changed
Revenue was $78.0M in Q3 2025, up 3% year over year and up 5% from the previous quarter. Casino was the largest line at 77% of revenue. Casino added $3.7M year over year (up 7%), 164% of the total change. Food and beverage declined 10%.
Operating profit was $3.4M, a 4.4% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 44% reached operating profit, above the 3% margin then. Total costs grew 2% against revenue growth of 3%. The quarter ended with a net loss of $7.7M, narrower than the previous quarter's $10.4M loss. Net interest and other expense of $11.1M was the main reason.
Operating cash flow was −$472K. Non-cash charges added back $10.6M of depreciation and amortization and $674K of share-based compensation. Working capital and other items used $4.1M. Capital expenditures of $5.1M exceeded it, leaving free cash flow of −$5.5M.
Questions
What was Full House Resorts' revenue in the third quarter 2025?
Full House Resorts (FLL) reported revenue of $78.0M for the third quarter 2025 (Q3 2025), +3% from a year earlier and +5% from the quarter before.
Was Full House Resorts profitable in the third quarter 2025?
Operating profit was $3.4M (4.4% of revenue) and net loss $7.7M.
Source: Full House Resorts 10-Q on SEC EDGAR.