Filing Flows › Monarch Casino & Resort (MCRI) › Q1 2025
Monarch Casino & Resort (MCRI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Monarch Casino & Resort (MCRI) reported revenue of $125M for the first quarter 2025 (Q1 2025), +3% from a year earlier and -7% from the quarter before. Operating margin was 20.2%, net earnings $19.9M (15.8% of revenue).
Monarch Casino & Resort, Q1 2025: revenue $125M (+3% year over year), operating margin 20.2%, net earnings $19.9M, operating cash flow $36.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $125M | -7% | +3% |
| Gross profit | $25.3M | +549% | +6% |
| Operating profit | $25.3M | +549% | +6% |
| Net earnings | $19.9M | +372% | +9% |
| Operating cash flow | $36.5M | -4% | -5% |
| Free cash flow | $16.6M | -37% | -19% |
What changed
Revenue was $125.4M in Q1 2025, up 3% year over year and down 7% from the previous quarter. Casino was the largest line at 58% of revenue. Casino added $3.5M year over year (up 5%), 93% of the total change.
Gross margin was 20.2%, up 0.6 points from a year earlier. Operating profit was $25.3M, a 20.2% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 40% reached operating profit, above the 20% margin then. Net earnings were $19.9M, up 9% year over year. The effective tax rate was 22.5%.
Operating cash flow was $36.5M (down 5% year over year), 184% of net earnings. Non-cash charges added back $13.2M of depreciation and amortization and $2.1M of share-based compensation. Capital expenditures of $19.8M left free cash flow of $16.6M.
Questions
What was Monarch Casino & Resort's revenue in the first quarter 2025?
Monarch Casino & Resort (MCRI) reported revenue of $125M for the first quarter 2025 (Q1 2025), +3% from a year earlier and -7% from the quarter before.
Was Monarch Casino & Resort profitable in the first quarter 2025?
Operating profit was $25.3M (20.2% of revenue) and net earnings $19.9M.