Filing Flows › Red Rock Resorts (RRR) › Q2 2026 › vs Q2 2025
Red Rock Resorts (RRR) Q2 2026 vs Q2 2025 (year over year)
Red Rock Resorts's revenue fell $16.0M (-3%) from $526M in Q2 2025 to $510M in Q2 2026. The biggest changes: Casino −$6.5M (-2%); Native American management and development fees −$6.2M (-62%); Room −$4.5M (-9%). Operating margin 26.7% against 31.9% (-5.3 pts).
Red Rock Resorts, Q2 2026: revenue $510M (-3% year over year), operating margin 26.7%, net earnings $39.1M, operating cash flow $158M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 26.7% | 31.9% | -5.3 pts |
| Net margin | 7.7% | 10.7% | -3.1 pts |
| Free cash flow margin | 3.6% | 15.3% | -11.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Casino | $338M | $345M | −$6.5M | -2% |
| Food and beverage | $93.0M | $94.4M | −$1.3M | -1% |
| Room | $46.7M | $51.2M | −$4.5M | -9% |
| Other | $28.5M | $25.9M | $2.6M | +10% |
| Native American management and development fees | $3.8M | $10.0M | −$6.2M | -62% |
| Revenue | $510M | $526M | −$16.0M | -3% |
| Operating profit | $136M | $168M | −$32.0M | -19% |
| Costs & expenses | $374M | $358M | $16.0M | +4% |
| Pre-tax earnings | $90.1M | $124M | −$34.1M | -27% |
| Other expense, net | $45.9M | $43.9M | $2.1M | +5% |
| SG&A | $118M | $112M | $5.9M | +5% |
| Other operating costs | $256M | $246M | $10.1M | +4% |
| Net earnings | $39.1M | $56.4M | −$17.3M | -31% |
| Minority interests | $37.5M | $51.8M | −$14.4M | -28% |
| Income tax | $13.5M | $15.9M | −$2.4M | -15% |
| Depreciation & amortization | $59.0M | $48.0M | $11.0M | +23% |
| Share-based compensation | $9.8M | $8.7M | $1.1M | +13% |
| Working capital & other | $50.0M | $45.3M | $4.7M | +10% |
| Operating cash flow | $158M | $158M | −$503K | -0.3% |
| Free cash flow (OCF − capex) | $18.2M | $80.3M | −$62.1M | -77% |
| Capital expenditures | $140M | $78.2M | $61.6M | +79% |
Questions
How much did Red Rock Resorts's revenue grow year over year in Q2 2026?
Red Rock Resorts's revenue fell $16.0M (-3%) from $526M in Q2 2025 to $510M in Q2 2026.
What drove Red Rock Resorts's revenue change in Q2 2026?
Casino −$6.5M (-2%); Native American management and development fees −$6.2M (-62%); Room −$4.5M (-9%).