Filing Flows › Monarch Casino & Resort (MCRI) › Q2 2025
Monarch Casino & Resort (MCRI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 29, 2025
Monarch Casino & Resort (MCRI) reported revenue of $137M for the second quarter 2025 (Q2 2025), +7% from a year earlier and +9% from the quarter before. Operating margin was 25.5%, net earnings $27.0M (19.7% of revenue).
Monarch Casino & Resort, Q2 2025: revenue $137M (+7% year over year), operating margin 25.5%, net earnings $27.0M, operating cash flow $34.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $137M | +9% | +7% |
| Gross profit | $34.9M | +38% | +18% |
| Operating profit | $34.9M | +38% | +18% |
| Net earnings | $27.0M | +36% | +19% |
| Operating cash flow | $34.1M | -6% | +40% |
| Free cash flow | $26.0M | +56% | +138% |
What changed
Revenue was $136.9M in Q2 2025, up 7% year over year and up 9% from the previous quarter. Casino was the largest line at 58% of revenue. Casino added $8.6M year over year (up 12%), 98% of the total change. Hotel declined 3%.
Gross margin was 25.5%, up 2.5 points from a year earlier. Operating profit was $34.9M, a 25.5% margin (up 2.5 points year over year). Of the extra revenue versus a year earlier, 61% reached operating profit, above the 23% margin then. Net earnings were $27.0M, up 19% year over year. The effective tax rate was 23.5%.
Operating cash flow was $34.1M (up 40% year over year), 126% of net earnings. Non-cash charges added back $13.6M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items used $8.3M. Capital expenditures of $8.1M left free cash flow of $26.0M.
Questions
What was Monarch Casino & Resort's revenue in the second quarter 2025?
Monarch Casino & Resort (MCRI) reported revenue of $137M for the second quarter 2025 (Q2 2025), +7% from a year earlier and +9% from the quarter before.
Was Monarch Casino & Resort profitable in the second quarter 2025?
Operating profit was $34.9M (25.5% of revenue) and net earnings $27.0M.