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.
Revenue
$163.6M
Gross Profit
$152.3M
Operating Profit
$11.9M
Net Profit
$4.6M
Gross Margin
93.1%
Operating Margin
7.3%
Net Margin
2.8%
YoY Growth
-2.2%
EPS
$0.17
GOLDEN ENTERTAINMENT, INC. Q2 FY2025 Financial Summary
GOLDEN ENTERTAINMENT, INC. reported revenue of $163.6M (down 2.2% YoY) for Q2 FY2025, with a net profit of $4.6M (up 643.5% YoY) (2.8% margin). Cost of goods sold was $11.4M, operating expenses totaled $140.3M.
Key Financial Metrics
| Total Revenue | $163.6M |
|---|---|
| Net Profit | $4.6M |
| Gross Margin | 93.1% |
| Operating Margin | 7.3% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
GOLDEN ENTERTAINMENT, INC. Q2 FY2025 revenue of $163.6M breaks down across 3 segments, led by Nevada Casino Resorts at $98.2M (60.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Nevada Casino Resorts | $98.2M | 60.0% |
| Nevada Locals Casinos | $38.9M | 23.8% |
| Nevada Taverns | $26.3M | 16.0% |
GOLDEN ENTERTAINMENT, INC. Revenue by Segment — Quarterly Trend
GOLDEN ENTERTAINMENT, INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Nevada Casino Resorts and Nevada Locals Casinos) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Nevada Casino Resorts | $90.2M | $93.0M | $98.2M | $94.2M |
| Nevada Locals Casinos | $37.4M | $35.8M | $38.9M | $38.8M |
| Nevada Taverns | $27.7M | $25.7M | $26.3M | $27.5M |
GOLDEN ENTERTAINMENT, INC. Annual Revenue by Year
GOLDEN ENTERTAINMENT, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $634.9M).
| Year | Annual Revenue |
|---|---|
| 2025 | $634.9M |
| 2024 | $666.8M |
| 2023 | $1.1B |
| 2022 | $1.1B |
GOLDEN ENTERTAINMENT, INC. Quarterly Revenue & Net Profit History
GOLDEN ENTERTAINMENT, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $155.6M | -5.2% | $-8.5M | -5.5% |
| Q3 FY2025 | $154.8M | -4.0% | $-4.7M | -3.0% |
| Q2 FY2025 | $163.6M | -2.2% | $4.6M | 2.8% |
| Q1 FY2025 | $160.8M | -7.6% | $2.5M | 1.6% |
| Q4 FY2024 | $164.2M | -28.8% | $3.0M | 1.8% |
| Q3 FY2024 | $161.2M | -37.4% | $5.2M | 3.2% |
| Q2 FY2024 | $167.3M | -41.6% | $623.0K | 0.4% |
| Q1 FY2024 | $174.0M | -37.4% | $42.0M | 24.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $174.0M | $167.3M | $161.2M | $164.2M | $160.8M | $163.6M | $154.8M | $155.6M |
| YoY Growth | -37.4% | -41.6% | -37.4% | -28.8% | -7.6% | -2.2% | -4.0% | -5.2% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.50B | $1.18B | $1.10B | $1.08B | $1.06B | $1.05B | $1.04B | $1.02B |
| Liabilities | $932.3M | $642.2M | $588.5M | $605.7M | $596.0M | $602.6M | $601.9M | $597.2M |
| Equity | $569.6M | $539.0M | $513.1M | $474.2M | $462.0M | $443.3M | $434.2M | $420.9M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $25.8M | $21.5M | $22.5M | $22.5M | $28.6M | $17.4M | $26.9M | $10.2M |