GOLDEN ENTERTAINMENT, INC.GDENEarnings & Financial Report
Golden Entertainment, Inc. is an American gambling company based in Enterprise, Nevada that operates casinos and taverns. It was formed in 2015 by the merger of Golden Gaming and Lakes Entertainment. It is the largest tavern operator in Nevada. In October 2017, the company completed an $850 million acquisition of American Casino & Entertainment Properties. The company now has eight casino resorts, all located in Southern Nevada.
GDEN Q3 2025 Key Financial Metrics
Revenue
$154.8M
Gross Profit
$143.6M
Operating Profit
$882.0K
Net Profit
$-4.7M
Gross Margin
92.8%
Operating Margin
0.6%
Net Margin
-3.0%
YoY Growth
-4.0%
EPS
$-0.18
Financial Flow
GOLDEN ENTERTAINMENT, INC. Q3 2025 Financial Summary
GOLDEN ENTERTAINMENT, INC. reported revenue of $154.8M for Q3 2025, with a net profit of $-4.7M (-3.0% margin). Cost of goods sold was $11.2M, operating expenses totaled $142.8M.
Key Financial Metrics
| Total Revenue | $154.8M |
|---|---|
| Net Profit | $-4.7M |
| Gross Margin | 92.8% |
| Operating Margin | 0.6% |
| Report Period | Q3 2025 |
GOLDEN ENTERTAINMENT, INC. Annual Revenue by Year
GOLDEN ENTERTAINMENT, INC. annual revenue history includes year-by-year totals (for example, 2024 revenue was $666.8M).
| Year | Annual Revenue |
|---|---|
| 2024 | $666.8M |
| 2023 | $1.1B |
| 2022 | $1.1B |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $230.7M | $174.0M | $167.3M | $161.2M | $164.2M | $160.8M | $163.6M | $154.8M |
| YoY Growth | -17.5% | -37.4% | -41.6% | -37.4% | -28.8% | -7.6% | -2.2% | -4.0% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.45B | $1.50B | $1.18B | $1.10B | $1.08B | $1.06B | $1.05B | $1.04B |
| Liabilities | $914.5M | $932.3M | $642.2M | $588.5M | $605.7M | $596.0M | $602.6M | $601.9M |
| Equity | $537.7M | $569.6M | $539.0M | $513.1M | $474.2M | $462.0M | $443.3M | $434.2M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-9.1M | $25.8M | $21.5M | $22.5M | $22.5M | $28.6M | $17.4M | $26.9M |
