Filing Flows › Red Rock Resorts (RRR) › Q4 2025
Red Rock Resorts (RRR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 20, 2026
Red Rock Resorts (RRR) reported revenue of $512M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and +8% from the quarter before. Operating margin was 28.1%, net earnings $44.7M (8.7% of revenue).
Red Rock Resorts, Q4 2025: revenue $512M (+3% year over year), operating margin 28.1%, net earnings $44.7M, operating cash flow $157M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $512M | +8% | +3% |
| Operating profit | $144M | +9% | +0.9% |
| Net earnings | $44.7M | +6% | -4% |
| Operating cash flow | $157M | -7% | +6% |
| Free cash flow | $77.7M | +4% | -36% |
What changed
Revenue was $511.8M in Q4 2025, up 3% year over year and up 8% from the previous quarter. Casino was the largest line at 67% of revenue.
Operating profit was $143.6M, a 28.1% margin (down 0.7 points year over year). Of the extra revenue versus a year earlier, 8% reached operating profit, below the 29% margin then. Total costs grew 4% against revenue growth of 3%. Net earnings were $44.7M, down 4% year over year. The effective tax rate was 11.8%.
Operating cash flow was $156.6M (up 6% year over year), 185% of net income including minority interests. Non-cash charges added back $52.1M of depreciation and amortization and $8.5M of share-based compensation. Working capital and other items added $11.4M. Capital expenditures of $78.9M left free cash flow of $77.7M.
Questions
What was Red Rock Resorts' revenue in the fourth quarter 2025?
Red Rock Resorts (RRR) reported revenue of $512M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and +8% from the quarter before.
Was Red Rock Resorts profitable in the fourth quarter 2025?
Operating profit was $144M (28.1% of revenue) and net earnings $44.7M.
Source: Red Rock Resorts 10-K on SEC EDGAR.