Filing Flows › Monarch Casino & Resort (MCRI) › Q3 2025
Monarch Casino & Resort (MCRI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 28, 2025
Monarch Casino & Resort (MCRI) reported revenue of $143M for the third quarter 2025 (Q3 2025), +4% from a year earlier and +4% from the quarter before. Operating margin was 26.7%, net earnings $31.6M (22.1% of revenue).
Monarch Casino & Resort, Q3 2025: revenue $143M (+4% year over year), operating margin 26.7%, net earnings $31.6M, operating cash flow $56.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $143M | +4% | +4% |
| Gross profit | $38.2M | +9% | +8% |
| Operating profit | $38.2M | +9% | +8% |
| Net earnings | $31.6M | +17% | +14% |
| Operating cash flow | $56.0M | +64% | +39% |
| Free cash flow | $53.5M | +106% | +51% |
What changed
Revenue was $142.8M in Q3 2025, up 4% year over year and up 4% from the previous quarter. Casino was the largest line at 56% of revenue. Casino added $3.8M year over year (up 5%), 77% of the total change. Other declined 10%.
Gross margin was 26.7%, up 1.1 points from a year earlier. Operating profit was $38.2M, a 26.7% margin (up 1.1 points year over year). Of the extra revenue versus a year earlier, 59% reached operating profit, above the 26% margin then. Net earnings were $31.6M, up 14% year over year. The effective tax rate was 18.5%.
Operating cash flow was $56.0M (up 39% year over year), 177% of net earnings. Non-cash charges added back $14.1M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items added $8.3M. Capital expenditures of $2.5M left free cash flow of $53.5M.
Questions
What was Monarch Casino & Resort's revenue in the third quarter 2025?
Monarch Casino & Resort (MCRI) reported revenue of $143M for the third quarter 2025 (Q3 2025), +4% from a year earlier and +4% from the quarter before.
Was Monarch Casino & Resort profitable in the third quarter 2025?
Operating profit was $38.2M (26.7% of revenue) and net earnings $31.6M.