Churchill Downs IncCHDNEarnings & Financial Report
Nasdaq · online gambling
Churchill Downs Incorporated is the parent company of Churchill Downs. The company has evolved from one racetrack in Louisville, Kentucky, to a multi American-state-wide, publicly traded company with racetracks, casinos and an online wagering company among its portfolio of businesses.
NextMar 30, 2026
CHDN Q3 2025 Key Financial Metrics
Revenue
$683.0M
Gross Profit
N/A
Operating Profit
$98.0M
Net Profit
$38.1M
Gross Margin
N/A
Operating Margin
14.3%
Net Margin
5.6%
YoY Growth
8.7%
Financial Flow
Churchill Downs Inc Q3 2025 Financial Summary
Churchill Downs Inc reported revenue of $683.0M for Q3 2025, with a net profit of $38.1M (5.6% margin). Cost of goods sold was N/A, operating expenses totaled N/A.
Key Financial Metrics
| Total Revenue | $683.0M |
|---|---|
| Net Profit | $38.1M |
| Gross Margin | N/A |
| Operating Margin | 14.3% |
| Report Period | Q3 2025 |
Churchill Downs Inc Annual Revenue by Year
Churchill Downs Inc annual revenue history includes year-by-year totals (for example, 2024 revenue was $2.7B).
| Year | Annual Revenue |
|---|---|
| 2024 | $2.7B |
| 2023 | $2.5B |
| 2022 | $1.8B |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $561.2M | $590.9M | $890.7M | $628.5M | $624.2M | $642.6M | $934.4M | $683.0M |
| YoY Growth | 16.9% | 5.6% | 15.9% | 9.8% | 11.2% | 8.7% | 4.9% | 8.7% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $6.96B | $7.07B | $7.17B | $7.17B | $7.28B | $7.35B | $7.38B | $7.45B |
| Liabilities | $6.06B | $6.24B | $6.12B | $6.06B | $6.17B | $6.25B | $6.31B | $6.38B |
| Equity | $893.6M | $826.9M | $1.03B | $1.10B | $1.08B | $1.07B | $1.04B | $1.03B |
Cash Flow
| Q1 2024 | Q3 2024 | Q1 2025 | Q3 2025 | |
|---|---|---|---|---|
| Operating CF | $254.7M | $169.4M | $246.5M | $187.7M |