MONARCH CASINO & RESORT INCMCRIEarnings & Financial Report
The Atlantis Casino Resort Spa is a hotel and casino located in Reno, Nevada, United States. It is owned and operated by Monarch Casino & Resort, Inc. Its three hotel towers have a combined 824 guest rooms and suites. The casino floor spans 64,814 sq ft. Often known simply as "Atlantis," it is one of Reno's most profitable and luxurious properties, competing directly with Peppermill Hotel Casino and Grand Sierra Resort for customers. Nearly $150 million has been spent on upgrading the facility.
Revenue
$136.9M
Gross Profit
$34.9M
Operating Profit
$35.3M
Net Profit
$27.0M
Gross Margin
25.5%
Operating Margin
25.8%
Net Margin
19.7%
YoY Growth
6.8%
EPS
$1.44
MONARCH CASINO & RESORT INC Q2 FY2025 Financial Summary
MONARCH CASINO & RESORT INC reported revenue of $136.9M (up 6.8% YoY) for Q2 FY2025, with a net profit of $27.0M (up 19.1% YoY) (19.7% margin). Cost of goods sold was $102.0M.
Key Financial Metrics
| Total Revenue | $136.9M |
|---|---|
| Net Profit | $27.0M |
| Gross Margin | 25.5% |
| Operating Margin | 25.8% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
MONARCH CASINO & RESORT INC Q2 FY2025 revenue of $136.9M breaks down across 4 segments, led by Casino at $79.6M (58.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Casino | $79.6M | 58.1% |
| Food And Beverage | $32.2M | 23.5% |
| Occupancy | $19.1M | 14.0% |
| Hotel Other | $6.0M | 4.4% |
MONARCH CASINO & RESORT INC Revenue by Segment — Quarterly Trend
MONARCH CASINO & RESORT INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Casino and Food And Beverage) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Casino | $79.7M | $81.2M | $80.1M | $79.6M |
| Food And Beverage | — | $34.1M | $33.8M | $32.2M |
| Occupancy | — | $17.9M | $22.5M | $19.1M |
| Hotel Other | — | $6.8M | $6.3M | $6.0M |
MONARCH CASINO & RESORT INC Annual Revenue by Year
MONARCH CASINO & RESORT INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $545.1M).
| Year | Annual Revenue |
|---|---|
| 2025 | $545.1M |
| 2024 | $522.2M |
| 2023 | $501.5M |
| 2022 | $477.9M |
MONARCH CASINO & RESORT INC Quarterly Revenue & Net Profit History
MONARCH CASINO & RESORT 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 |
|---|---|---|---|---|
| Q1 FY2026 | $136.6M | +8.9% | $27.6M | 20.2% |
| Q4 FY2025 | $140.0M | +4.1% | $22.9M | 16.4% |
| Q3 FY2025 | $142.8M | +3.6% | $31.6M | 22.1% |
| Q2 FY2025 | $136.9M | +6.8% | $27.0M | 19.7% |
| Q1 FY2025 | $125.4M | +3.1% | $19.9M | 15.8% |
| Q4 FY2024 | $134.5M | +4.9% | $4.2M | 3.1% |
| Q3 FY2024 | $137.9M | +3.7% | $27.6M | 20.0% |
| Q2 FY2024 | $128.1M | +3.6% | $22.7M | 17.7% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $128.1M | $137.9M | $134.5M | $125.4M | $136.9M | $142.8M | $140.0M | $136.6M |
| YoY Growth | 3.6% | 3.7% | 4.9% | 3.1% | 6.8% | 3.6% | 4.1% | 8.9% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $672.4M | $671.1M | $691.6M | $712.1M | $705.8M | $725.4M | $712.8M | $725.2M |
| Liabilities | $174.0M | $157.9M | $173.8M | $176.5M | $166.5M | $167.0M | $175.2M | $175.3M |
| Equity | $498.4M | $513.3M | $517.7M | $535.6M | $539.2M | $558.4M | $537.7M | $549.8M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $24.3M | $40.3M | $37.8M | $36.5M | $34.1M | $56.0M | $38.1M |