Filing Flows › Monarch Casino & Resort (MCRI) › Q4 2025
Monarch Casino & Resort (MCRI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 24, 2026
Monarch Casino & Resort (MCRI) reported revenue of $140M for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and -2% from the quarter before. Operating margin was 20.8%, net earnings $22.9M (16.4% of revenue).
Monarch Casino & Resort, Q4 2025: revenue $140M (+4% year over year), operating margin 20.8%, net earnings $22.9M, operating cash flow $38.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $140M | -2% | +4% |
| Gross profit | $29.1M | -24% | +646% |
| Operating profit | $29.1M | -24% | +646% |
| Net earnings | $22.9M | -27% | +445% |
| Operating cash flow | $38.1M | -32% | +0.9% |
| Free cash flow | $32.2M | -40% | +23% |
What changed
Revenue was $140.0M in Q4 2025, up 4% year over year and down 2% from the previous quarter. Casino was the largest line at 58% of revenue.
Gross margin was 20.8%, up 17.9 points from a year earlier. Operating profit was $29.1M, a 20.8% margin (up 17.9 points year over year). Of the extra revenue versus a year earlier, 459% reached operating profit, above the 3% margin then. Net earnings were $22.9M, up 445% year over year. The effective tax rate was 22.9%.
Operating cash flow was $38.1M (up 1% year over year), 166% of net earnings. Non-cash charges added back $13.2M of depreciation and amortization and $2.3M of share-based compensation. Capital expenditures of $5.9M left free cash flow of $32.2M.
Questions
What was Monarch Casino & Resort's revenue in the fourth quarter 2025?
Monarch Casino & Resort (MCRI) reported revenue of $140M for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and -2% from the quarter before.
Was Monarch Casino & Resort profitable in the fourth quarter 2025?
Operating profit was $29.1M (20.8% of revenue) and net earnings $22.9M.