Filing Flows › Monarch Casino & Resort (MCRI) › Q3 2026 › vs Q2 2026
Monarch Casino & Resort (MCRI) Q3 2026 vs Q2 2026 (quarter over quarter)
Monarch Casino & Resort's revenue rose $3.7M (+3%) from $143M in Q2 2026 to $146M in Q3 2026. The biggest changes: Casino +$1.3M (+2%); Hotel +$1.1M (+5%); Food and beverage +$1.1M (+3%). Gross margin 28.2% against 27.1% (+1.1 pts).
Monarch Casino & Resort, Q3 2026: revenue $146M (+2% year over year), operating margin 28.2%, net earnings $32.0M, operating cash flow $50.8M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 28.2% | 27.1% | +1.1 pts |
| Operating margin | 28.2% | 27.1% | +1.1 pts |
| Net margin | 21.9% | 22.8% | -0.9 pts |
| Free cash flow margin | 28.6% | 17.9% | +10.7 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Casino | $82.8M | $81.5M | $1.3M | +2% |
| Food and beverage | $34.3M | $33.2M | $1.1M | +3% |
| Hotel | $22.7M | $21.6M | $1.1M | +5% |
| Other | $6.5M | $6.3M | $182K | +3% |
| Revenue | $146M | $143M | $3.7M | +3% |
| Gross profit | $41.3M | $38.6M | $2.7M | +7% |
| Cost of revenue | $105M | $104M | $1.0M | +1% |
| Other income, net | $829K | $742K | $87K | +12% |
| Operating profit | $41.3M | $38.6M | $2.7M | +7% |
| Operating expenses | $0 | $0 | $0 | — |
| Pre-tax earnings | $42.1M | $39.4M | $2.7M | +7% |
| Net earnings | $32.0M | $32.5M | −$518K | -2% |
| Income tax | $10.1M | $6.8M | $3.3M | +48% |
| Depreciation & amortization | $10.8M | $10.7M | $152K | +1% |
| Share-based compensation | $2.6M | $2.1M | $503K | +24% |
| Working capital & other | $5.4M | −$14.6M | $19.9M | — |
| Operating cash flow | $50.8M | $30.7M | $20.1M | +65% |
| Free cash flow (OCF − capex) | $41.9M | $25.6M | $16.3M | +64% |
| Capital expenditures | $8.9M | $5.2M | $3.8M | +73% |
Questions
How much did Monarch Casino & Resort's revenue grow quarter over quarter in Q3 2026?
Monarch Casino & Resort's revenue rose $3.7M (+3%) from $143M in Q2 2026 to $146M in Q3 2026.
What drove Monarch Casino & Resort's revenue change in Q3 2026?
Casino +$1.3M (+2%); Hotel +$1.1M (+5%); Food and beverage +$1.1M (+3%).