Filing Flows › Monarch Casino & Resort (MCRI) › Q1 2026
Monarch Casino & Resort (MCRI) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Monarch Casino & Resort (MCRI) reported revenue of $137M for the first quarter 2026 (Q1 2026), +9% from a year earlier and -2% from the quarter before. Operating margin was 25.6%, net earnings $27.6M (20.2% of revenue).
Monarch Casino & Resort, Q1 2026: revenue $137M (+9% year over year), operating margin 25.6%, net earnings $27.6M, operating cash flow $48.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $137M | -2% | +9% |
| Gross profit | $34.9M | +20% | +38% |
| Operating profit | $34.9M | +20% | +38% |
| Net earnings | $27.6M | +20% | +39% |
| Operating cash flow | $48.5M | +27% | +33% |
| Free cash flow | $43.0M | +33% | +158% |
What changed
Revenue was $136.6M in Q1 2026, up 9% year over year and down 2% from the previous quarter. Casino was the largest line at 58% of revenue. Casino added $6.9M year over year (up 9%), 61% of the total change.
Gross margin was 25.6%, up 5.4 points from Q1 2025. Operating profit was $34.9M, a 25.6% margin (up 5.4 points year over year). Of the extra revenue versus Q1 2025, 86% reached operating profit, above the 20% margin then. Net earnings were $27.6M, up 39% year over year. The effective tax rate was 22.4%.
Operating cash flow was $48.5M (up 33% year over year), 176% of net earnings. Non-cash charges added back $10.5M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items added $8.5M. Capital expenditures of $5.6M left free cash flow of $43.0M.
Questions
What was Monarch Casino & Resort's revenue in the first quarter 2026?
Monarch Casino & Resort (MCRI) reported revenue of $137M for the first quarter 2026 (Q1 2026), +9% from a year earlier and -2% from the quarter before.
Was Monarch Casino & Resort profitable in the first quarter 2026?
Operating profit was $34.9M (25.6% of revenue) and net earnings $27.6M.