Filing Flows › Red Rock Resorts (RRR) › Q1 2026
Red Rock Resorts (RRR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Red Rock Resorts (RRR) reported revenue of $507M for the first quarter 2026 (Q1 2026), +2% from a year earlier and -0.9% from the quarter before. Operating margin was 28.3%, net earnings $42.9M (8.5% of revenue).
Red Rock Resorts, Q1 2026: revenue $507M (+2% year over year), operating margin 28.3%, net earnings $42.9M, operating cash flow $140M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $507M | -0.9% | +2% |
| Operating profit | $144M | +0.1% | -7% |
| Net earnings | $42.9M | -4% | -4% |
| Operating cash flow | $140M | -11% | +11% |
| Free cash flow | $22.6M | -71% | -61% |
What changed
Revenue was $507.3M in Q1 2026, up 2% year over year and down 1% from the previous quarter. Casino was the largest line at 67% of revenue. Casino added $7.3M year over year (up 2%), 77% of the total change. Room declined 9%.
Operating profit was $143.7M, a 28.3% margin (down 2.7 points year over year). Operating profit fell $10.7M even though revenue rose $9.5M versus Q1 2025, so costs grew faster than sales. Total costs grew 6% against revenue growth of 2%. Net earnings were $42.9M, down 4% year over year. The effective tax rate was 13.7%.
Operating cash flow was $139.8M (up 11% year over year), 169% of net income including minority interests. Non-cash charges added back $55.9M of depreciation and amortization and $7.7M of share-based compensation. Capital expenditures of $117.2M left free cash flow of $22.6M.
Questions
What was Red Rock Resorts' revenue in the first quarter 2026?
Red Rock Resorts (RRR) reported revenue of $507M for the first quarter 2026 (Q1 2026), +2% from a year earlier and -0.9% from the quarter before.
Was Red Rock Resorts profitable in the first quarter 2026?
Operating profit was $144M (28.3% of revenue) and net earnings $42.9M.
Source: Red Rock Resorts 10-Q on SEC EDGAR.