Filing Flows › Full House Resorts (FLL) › Q4 2025
Full House Resorts (FLL) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 16, 2026
Full House Resorts (FLL) reported revenue of $75.4M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and -3% from the quarter before. Operating margin was -1.3%, net loss $12.4M (16.4% of revenue).
Full House Resorts, Q4 2025: revenue $75.4M (+3% year over year), operating margin -1.3%, net loss $12.4M, operating cash flow $12.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $75.4M | -3% | +3% |
| Operating profit | −$976K | -128% | — |
| Net earnings | −$12.4M | — | — |
| Operating cash flow | $12.0M | — | -19% |
| Free cash flow | $10.7M | — | +55% |
What changed
Revenue was $75.4M in Q4 2025, up 3% year over year and down 3% from the previous quarter. Casino was the largest line at 77% of revenue.
Operating costs exceeded revenue by $1.0M, an operating margin of -1.3%. Total costs grew 3% against revenue growth of 3%. The quarter ended with a net loss of $12.4M, wider than the previous quarter's $7.7M loss. Net interest and other expense of $11.0M was the main reason.
Operating cash flow was $12.0M (down 19% year over year). Non-cash charges added back $10.8M of depreciation and amortization and $685K of share-based compensation. Working capital and other items added $12.9M. Capital expenditures of $1.4M left free cash flow of $10.7M.
Questions
What was Full House Resorts' revenue in the fourth quarter 2025?
Full House Resorts (FLL) reported revenue of $75.4M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and -3% from the quarter before.
Was Full House Resorts profitable in the fourth quarter 2025?
Operating loss was $976K (-1.3% of revenue) and net loss $12.4M.
Source: Full House Resorts 10-K on SEC EDGAR.