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Red Rock Resorts cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$67.7M in Q3 2026 · $50.8M over twelve months

Operating cash flow$131M
Capital spending−$199M
Free cash flow−$67.7M

Analysis

In Q3 2026, Red Rock Resorts generated $131M of operating cash flow and spent $199M on capital projects, leaving free cash flow of −$67.7M. That is $142M less than in Q3 2025 ($74.6M).

Over the twelve months to Sep 30, 2026, operating cash flow was $586M; the largest uses were capital spending ($535M), other financing ($127M), dividends ($121M); besides operations, cash came from net borrowing (+) / repaid (−) ($343M); the cash balance fell by $1.4M.

Operating cash flow was $131M against net income of −$17.7M. The largest differences: stock-based pay +$83.1M, depreciation & amortization +$62.7M, income taxes payable −$21.9M.

Free cash flow

Red Rock Resorts: free cash flow by quarterRed Rock Resorts: free cash flow by quarter$121MQ4 2024$58.0MQ1 2025$80.3MQ2 2025$74.6MQ3 2025$77.7MQ4 2025$22.6MQ1 2026$18.2MQ2 2026−$67.7MQ3 2026
Operating cash flow less capital spending.
Red Rock Resorts: operating cash flow against capital spendingRed Rock Resorts: operating cash flow against capital spendingOperating cash flowCapital spending$148M$26.9MQ4 2024$126M$68.2MQ1 2025$158M$78.2MQ2 2025$168M$93.7MQ3 2025$157M$78.9MQ4 2025$140M$117MQ1 2026$158M$140MQ2 2026$131M$199MQ3 2026
Latest (Q3 2026): Operating cash flow $131M, Capital spending $199M.

Capital allocation, year by year

Red Rock Resorts: where the cash came from (up) and went (down), by fiscal yearRed Rock Resorts: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksDividendsFY2021: Operating cash flow $610MFY2021: Net borrowing −$196MFY2021: Shares issued $1.2MFY2021: Asset sales $678MFY2021: Capital spending −$61.3MFY2021: Buybacks −$500MFY2021: Dividends −$204M$1.3BFY2021FY2022: Operating cash flow $542MFY2022: Net borrowing $125MFY2022: Asset sales $122MFY2022: Capital spending −$329MFY2022: Buybacks −$142MFY2022: Dividends −$117M$788MFY2022FY2023: Operating cash flow $494MFY2023: Net borrowing −$139MFY2023: Asset sales $59.2MFY2023: Capital spending −$700MFY2023: Dividends −$58.6M$554MFY2023FY2024: Operating cash flow $548MFY2024: Net borrowing −$1.9BFY2024: Asset sales $367KFY2024: Capital spending −$284MFY2024: Buybacks −$3.9MFY2024: Dividends −$118M$549MFY2024FY2025: Operating cash flow $610MFY2025: Net borrowing −$417MFY2025: Asset sales $424KFY2025: Capital spending −$319MFY2025: Buybacks −$79.0MFY2025: Dividends −$121M$610MFY2025
Over these 5 years operating cash flow totalled $2.8B; the largest uses were net borrowing ($2.7B) and capital spending ($1.7B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$128M
Debt$3.4B
Net debt$3.3B
Due within a year$17.2M

Red Rock Resorts funds itself: free cash flow was $50.8M over the last twelve months, and $128M of cash and investments stands against $3.4B of debt ($17.2M due within a year, 7.4× covered by cash).

Red Rock Resorts: debt maturities by year (FY2025)Red Rock Resorts: debt maturities by year (FY2025)$17.2MYear 1$17.2MYear 2$708MYear 3$17.2MYear 4$46.0MYear 5$2.6BAfter year 5
Principal due in each year as disclosed in the annual report, against $128M of cash and investments now.

Where the cash came from and went

Red Rock Resorts: sources (+) and uses (−) of cash, Q3 2026Red Rock Resorts: sources (+) and uses (−) of cash, Q3 2026Capital spending−$199MNet borrowing (+) / repaid (−)$138MOperating cash flow$131MBuybacks−$26.7MTaxes on employees’ shares−$23.7MDividends−$15.2MOther financing−$12.3MCash drawn (+) / kept (−)$8.1MOther investing−$728K
Red Rock Resorts: sources (+) and uses (−) of cash, TTM to Q3 2026Red Rock Resorts: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$586MCapital spending−$535MNet borrowing (+) / repaid (−)$343MOther financing−$127MDividends−$121MBuybacks−$113MTaxes on employees’ shares−$31.1MOther investing−$3.1MCash drawn (+) / kept (−)$1.4M

From profit to cash

Red Rock Resorts: net income to operating cash flow, Q3 2026Red Rock Resorts: net income to operating cash flow, Q3 2026Net income−$17.7MDepreciation & amortization$62.7MStock-based pay$83.1MReceivables−$5.9MPayables$4.3MAccrued liabilities$12.0MIncome taxes payable−$21.9MOther operating capital$2.0MOperating cash flow$131M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$131M−$199M−$26.7M−$15.2M$138M$8.1M−$67.7M
Q2 2026$158M−$140M—−$15.3M—−$2.4M$18.2M
Q1 2026$140M−$117M−$38.3M−$75.3M$148M$8.4M$22.6M
Q4 2025$157M−$78.9M−$48.2M−$15.4M—−$12.7M$77.7M
Q3 2025$168M−$93.7M—−$14.9M−$88.9M$15.4M$74.6M
Q2 2025$158M−$78.2M−$30.9M−$74.5M−$194M$5.4M$80.3M
Q1 2025$126M−$68.2M—−$15.9M−$83.9M$13.7M$58.0M
Q4 2024$148M−$26.9M—−$14.8M−$73.9M−$46.9M$121M

Red Rock Resorts: income statement and cash flow

Red Rock Resorts, Q3 2026: revenue $489M (+3% year over year), operating margin 5.5%. The chart follows the revenue to costs, profit and cash.

Red Rock Resorts: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.