MONARCH CASINO & RESORT INC
Business
Monarch Casino & Resort, Inc. owns and operates two hotel-casino resorts: the Atlantis Casino Resort Spa in Reno, Nevada, and the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. The company generates revenue through casino gaming, hotel rooms, food and beverage operations, spa services, and convention and meeting facilities. Both properties operate 24 hours daily and target leisure travelers, conventioneers, and local residents through differentiated marketing and a cross-property loyalty program called Monarch Rewards.
Summary from 10-K filed 2026-02-24
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net revenues | 545 | 522 | 501 | 478 | 395 | |
| Selling, general and administrative | 109 | 108 | 106 | 98 | 84 | |
| Depreciation and amortization | 54 | 51 | 47 | 43 | 38 | |
| Other operating items, net | 9 | 29 | 6 | 7 | 5 | |
| Total operating expenses | 418 | 430 | 391 | 366 | 306 | |
| Income from operations | 127 | 93 | 110 | 111 | 90 | |
| Interest income (expense), net | 2 | −104,000 | −2 | −2 | −5 | |
| Income before income taxes | 129 | 92 | 109 | 109 | 85 | |
| Income tax expense | −28 | −20 | −26 | −22 | −17 | |
| Net income | 101 | 73 | 82 | 87 | 68 | |
| Basic (in dollars per share) | 5.55 | 3.91 | 4.28 | 4.6 | 3.68 | |
| Diluted (in dollars per share) | 5.43 | 3.84 | 4.2 | 4.47 | 3.53 | |
| Basic (in shares) | 18 | 19 | 19 | 19 | 19 | |
| Diluted (in shares) | 19 | 19 | 20 | 20 | 19 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 96 | 59 | 43 | 39 | 34 | |
| Receivables, net of provision for credit losses | 11 | 10 | 12 | 10 | 9 | |
| Income taxes receivable | 3 | 2 | 1 | 25 | 27 | |
| Inventories | 9 | 9 | 8 | 8 | 7 | |
| Prepaid expenses and other | 10 | 11 | 11 | — | — | |
| Total current assets | 129 | 90 | 75 | 89 | 84 | |
| Property and equipment, net | 557 | 575 | 580 | 578 | 581 | |
| Goodwill | 25 | 25 | 25 | 25 | 25 | |
| Intangible and other assets, net | 2 | 763,000 | — | — | — | |
| Total assets | 713 | 692 | 681 | 693 | 690 | |
| Accounts payable | 45 | 41 | 23 | 14 | 19 | |
| Construction accounts payable | 50 | 51 | 48 | 50 | 59 | |
| Accrued expenses | 54 | 53 | 52 | 46 | 43 | |
| Short-term lease liability | 1 | 921,000 | 897,000 | 639,000 | 745,000 | |
| Total current liabilities | 150 | 146 | 123 | 118 | 141 | |
| Deferred income taxes | 12 | 13 | 23 | 23 | 20 | |
| Long-term lease liability | 12 | 13 | 14 | 13 | 13 | |
| Other long-term liability | 1 | 881,000 | 2 | — | — | |
| Total liabilities | 175 | 174 | 168 | 154 | 242 | |
| Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued | — | — | — | — | — | |
| Common stock, $.01 par value, 30,000,000 shares authorized; 19,544,290 shares issued and 17,819,020 outstanding at December 31, 2025; 19,364,531 shares issued and 18,436,540 outstanding at December 31, 2024 | 195,000 | 193,000 | 191,000 | 191,000 | 191,000 | |
| Additional paid-in capital | 76 | 63 | 49 | 41 | 41 | |
| Treasury stock, 1,725,270 shares at December 31, 2025 and 927,991 shares at December 31, 2024 | −136 | −64 | −4 | −170,000 | −4 | |
| Retained earnings | 598 | 518 | 468 | 498 | 411 | |
| Total stockholders' equity | 538 | 518 | 513 | 539 | 448 | |
| Total liabilities and stockholders' equity | 713 | 692 | 681 | 693 | 690 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net income | 101 | 73 | 82 | 87 | 68 | |
| Amortization of deferred loan costs | 162,000 | — | 307,000 | 2 | 990,000 | |
| Amortization of deferred loan costs | — | −418,000 | — | — | — | |
| Stock-based compensation - stock options | 8 | 8 | 7 | 5 | 4 | |
| Stock-based compensation - restricted stock | — | — | 364,000 | 80,000 | — | |
| Provision for bad debts | 184,000 | 234,000 | 194,000 | 155,000 | 245,000 | |
| Loss on disposition of assets | 115,000 | 249,000 | 159,000 | −69,000 | 136,000 | |
| Non-cash operating lease expense | −466,000 | 24,000 | 39,000 | 9,000 | −16,000 | |
| Deferred income taxes | −2 | −10 | 68,000 | 3 | 7 | |
| Receivables | −994,000 | 1 | −3 | −840,000 | −5 | |
| Income taxes receivable | −857,000 | −517,000 | 24 | 2 | −2 | |
| Inventories | 207,000 | −2 | −56,000 | −399,000 | 664,000 | |
| Prepaid expenses and other | −222,000 | 409,000 | −2 | −985,000 | — | |
| Accounts payable | 4 | 18 | 9 | −4 | 7 | |
| Accrued expenses | 851,000 | 506,000 | 8 | 3 | 8 | |
| Net cash provided by operating activities | 165 | 141 | 173 | 140 | 128 | |
| Proceeds from sale of assets | 41,000 | 110,000 | 170,000 | 440,000 | 22,000 | |
| Change in construction accounts payable | −892,000 | 4 | −2 | −9 | 9 | |
| Acquisition of property and equipment | −36 | −47 | −49 | −39 | −47 | |
| Net cash used in investing activities | −37 | −44 | −51 | −48 | −38 | |
| Payroll taxes from net exercise of stock options | −2 | −2 | −464,000 | −7 | −730,000 | |
| Proceeds from exercise of stock options | 7 | 8 | 3 | 10 | 8 | |
| Line-of-credit borrowings | — | 46 | 72 | 3 | — | |
| Line-of-credit payments | — | −51 | −66 | −3 | — | |
| Principal payments on long-term debt | — | — | −7 | −83 | −93 | |
| Payment of dividends | −22 | −22 | −113 | — | — | |
| Purchase of company common stock | −73 | −60 | −5 | −7 | — | |
| Net cash used in financing activities | −90 | −82 | −117 | −87 | −85 | |
| Change in cash and cash equivalents | 38 | 15 | 5 | 5 | 5 | |
| Cash paid for interest | 249,000 | 986,000 | 2 | 1 | 3 | |
| Cash paid for federal income tax | 28 | 27 | 23 | — | — | |
| Cash paid for state income tax | 3 | 3 | 3 | — | — | |
| Cash received - income taxes refunds | — | — | 24 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is MONARCH CASINO & RESORT INC's CIK number?
MONARCH CASINO & RESORT INC's SEC CIK number is 0000907242 (907242). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find MONARCH CASINO & RESORT INC's SEC filings?
All of MONARCH CASINO & RESORT INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did MONARCH CASINO & RESORT INC last report earnings?
MONARCH CASINO & RESORT INC (MCRI) most recently filed an earnings 8-K with the SEC on Apr 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001171843-26-002629). This is MONARCH CASINO & RESORT INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is MONARCH CASINO & RESORT INC's most recent earnings 8-K?
MONARCH CASINO & RESORT INC's latest earnings 8-K (Item 2.02) was filed Apr 22, 2026 under accession 0001171843-26-002629. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View MONARCH CASINO & RESORT INC's latest earnings 8-K →
Look up any company's CIK number →