Red Rock Resorts Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Red Rock Resorts Inc. reported revenue of $2.0B (+3.7% year on year) and net income of $355.7M (+22.1% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net revenues | $2.0B | $1.9B | $1.7B | $1.7B |
| Operating costs and expenses | $756.3M | $744.2M | $626.4M | $588.7M |
| Selling, general and administrative | $441.3M | $432.3M | $374.5M | $353.0M |
| Depreciation and amortization | $197.4M | $187.1M | $132.5M | $128.4M |
| Write-downs and other, net | $19.0M | $6.7M | $32.0M | ($47.7M) |
| Costs and Expenses | $1.4B | $1.4B | $1.2B | $1.1B |
| Operating income | $597.4M | $568.7M | $558.7M | $561.3M |
| Earnings from joint ventures | $2.6M | $2.4M | $3.1M | $3.5M |
| Operating income and earnings from joint ventures | $600.0M | $571.1M | $561.8M | $564.8M |
| Interest expense, net | ($201.9M) | ($228.8M) | ($181.0M) | ($129.9M) |
| Loss on extinguishment/modification of debt | ($25.0K) | ($14.4M) | $0 | $0 |
| Total other expense | ($197.7M) | ($242.9M) | ($181.0M) | ($129.9M) |
| Income before income tax | $402.3M | $328.2M | $380.8M | $434.9M |
| Provision for income tax | ($46.6M) | ($36.9M) | ($43.0M) | ($44.5M) |
| Net income | $355.7M | $291.3M | $337.8M | $390.4M |
| Less: net income attributable to noncontrolling interests | $167.6M | $137.2M | $161.8M | $184.9M |
| Net income attributable to Red Rock Resorts, Inc. | $188.1M | $154.1M | $176.0M | $205.5M |
| Earnings per share of Class A common stock, basic | $3.19 | $2.61 | $3.04 | $3.48 |
| Earnings per share of Class A common stock, diluted | $3.12 | $2.53 | $2.94 | $3.36 |
| Basic | 59.0M | 59.0M | 57.9M | 59.0M |
| Diluted | 102.6M | 103.7M | 103.2M | 104.7M |
| Gain (Loss) on Derivative Instruments, Net, Pretax | ($4.3M) | $274.0K | — | $0 |
| Gain on Native American Development | $8.5M | — | — | — |
| Common Stock, Shares, Outstanding | 105.0M | — | — | — |
| Total Red Rock Resorts, Inc. stockholders’ equity | $208.3M | — | — | — |
| Noncontrolling interest | $124.0M | — | — | — |
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | $332.3M | — | — | — |
| Share-based compensation | $32.6M | — | — | — |
| Distributions | ($136.3M) | — | — | — |
| Dividends declared | ($119.9M) | — | — | — |
| Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture | 0 | — | — | — |
| Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation | $24.0M | — | — | — |
| Repurchases of Class A common stock | $79.4M | — | — | — |
| Exchanges of noncontrolling interests (shares) | 100.0K | — | — | — |
| Exchanges of noncontrolling interests | ($5.6M) | — | — | — |
| Recognition of tax receivable agreement liability resulting from exchanges of noncontrolling interests | $1.3M | — | — | — |
| Net deferred tax assets resulting from equity transactions | $3.6M | — | — | — |
| Rebalancing of ownership percentage between the Company and noncontrolling interests in Station Holdco | 0.0% | — | — | — |
| Repurchases of Class A common stock (shares) | -1.6M | — | — | — |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Net revenues | $510.3M | $507.3M | $475.6M | $526.3M |
| Operating costs and expenses | $194.8M | $188.7M | $179.8M | $194.2M |
| Selling, general and administrative | $117.9M | $114.4M | $112.9M | $112.0M |
| Depreciation and amortization | $59.0M | $55.9M | $49.0M | $48.0M |
| Write-downs and other, net | $2.6M | $4.7M | $2.4M | $4.0M |
| Operating expenses | $374.3M | $363.6M | $344.1M | $358.2M |
| Operating income | $136.0M | $143.7M | $131.5M | $168.0M |
| Earnings from joint ventures | $637.0K | $707.0K | $655.0K | $610.0K |
| Operating income and earnings from joint ventures | $136.6M | $144.4M | $132.1M | $168.6M |
| Interest expense, net | $49.6M | $49.5M | $50.5M | $50.6M |
| Change in fair value of derivative instruments | $3.1M | $966.0K | $1.8M | ($2.3M) |
| Gain on Native American Development | $0 | — | $0 | $8.5M |
| Total other expense | ($46.6M) | ($48.5M) | ($48.6M) | ($44.5M) |
| Income before income tax | $90.1M | $95.8M | $83.5M | $124.2M |
| Provision for income tax | ($13.5M) | ($13.1M) | ($6.6M) | ($15.9M) |
| Net income | $76.6M | $82.7M | $76.9M | $108.3M |
| Less: net income attributable to noncontrolling interests | $37.5M | $39.8M | $34.6M | $51.8M |
| Net income attributable to Red Rock Resorts, Inc. | $39.1M | $42.9M | $42.3M | $56.4M |
| Earnings (loss) per share of Class A common stock, basic (in dollars per share) | $0.68 | $0.74 | $0.72 | $0.96 |
| Earnings (loss) per share of Class A common stock, diluted (in dollars per share) | $0.67 | $0.73 | $0.68 | $0.95 |
| Basic (in shares) | 57.9M | 58.2M | 59.0M | 59.0M |
| Diluted (in shares) | 58.8M | 59.4M | 102.7M | 102.7M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $142.5M | $164.4M | $137.6M | $117.3M |
| Receivables, net | $73.9M | $64.4M | $61.9M | $43.6M |
| Inventories | $17.9M | $16.4M | $15.3M | $13.2M |
| Prepaid gaming tax | $29.2M | $27.7M | $24.9M | $22.8M |
| Prepaid expenses and other current assets | $23.3M | $22.5M | $28.2M | $24.0M |
| Total current assets | $286.8M | $295.4M | $282.3M | $221.0M |
| Property and equipment, net | $3.0B | $2.8B | $2.8B | $2.2B |
| Goodwill | $195.7M | $195.7M | $195.7M | $195.7M |
| Intangible assets, net | $80.1M | $81.2M | $82.8M | $84.4M |
| Land held for development | $469.4M | $467.8M | $451.0M | $449.0M |
| Native American development costs | $0 | $81.7M | $45.9M | $41.7M |
| Deferred tax asset, net | $34.9M | $56.4M | $43.4M | $75.7M |
| Finance Lease, Right-of-Use Asset, after Accumulated Amortization | $38.6M | — | — | — |
| Other assets, net | $89.8M | $85.5M | $81.7M | $83.2M |
| Assets | $4.2B | $4.0B | $4.0B | $3.3B |
| Accounts payable | $21.6M | $31.8M | $25.4M | $11.4M |
| Accrued interest payable | $23.8M | $27.4M | $15.6M | $14.5M |
| Construction Payable | $104.0M | — | — | — |
| Other accrued liabilities | $185.6M | $211.7M | $280.5M | $234.7M |
| Current portion of payable pursuant to tax receivable agreement | $1.2M | $1.4M | $1.7M | $6.6M |
| Finance Lease, Liability, Current | $9.8M | — | — | — |
| Current portion of long-term debt | $17.2M | $52.9M | $26.1M | $26.1M |
| Total current liabilities | $363.2M | $325.2M | $349.2M | $293.2M |
| Long-term debt, less current portion | $3.4B | $3.4B | $3.3B | $3.0B |
| Other long-term liabilities | $42.6M | $39.9M | $39.3M | $39.6M |
| Finance Lease, Liability, Noncurrent | $31.1M | — | — | — |
| Payable to related parties pursuant to tax receivable agreement | $19.4M | $19.1M | $20.4M | $22.0M |
| Total liabilities | $3.8B | $3.7B | $3.7B | $3.3B |
| Preferred stock | $0 | $0 | $0 | $0 |
| Common stock | $592.0K | $597.0K | $590.0K | $581.0K |
| Additional paid-in capital | $0 | $18.6M | $7.3M | $0 |
| Retained earnings | $207.7M | $195.8M | $160.9M | $43.2M |
| Total Red Rock Resorts, Inc. stockholders’ equity | $208.3M | $215.1M | $168.8M | $43.8M |
| Noncontrolling interest | $124.0M | $91.8M | $75.0M | ($11.5M) |
| Total stockholders’ equity | $332.3M | $306.8M | $243.9M | $32.2M |
| Total liabilities and stockholders’ equity | $4.2B | $4.0B | $4.0B | $3.3B |
| Common Stock, Shares, Outstanding | 105.0M | 105.6M | 104.9M | — |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | $0.01 | — |
| Common Stock, Shares, Issued | 105.0M | 105.6M | 104.9M | 104.0M |
| Common Stock, Shares Authorized | 600.0M | — | — | — |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $136.5M | $134.0M | $129.8M | $145.2M |
| Receivables, net | $66.7M | $68.3M | $56.1M | $68.2M |
| Inventories | $17.5M | $17.6M | $16.4M | $15.9M |
| Prepaid gaming tax | $31.8M | $29.9M | $29.9M | $32.4M |
| Prepaid expenses and other current assets | $28.6M | $28.5M | $31.5M | $25.2M |
| Total current assets | $281.2M | $278.3M | $267.7M | $286.9M |
| Property and equipment, net of accumulated depreciation of $1,667,766 and $1,597,591 at June 30, 2026 and December 31, 2025, respectively | $3.2B | $3.0B | $2.9B | $2.8B |
| Goodwill | $195.7M | $195.7M | $195.7M | $195.7M |
| Intangible assets, net of accumulated amortization of $23,721 and $22,951 at June 30, 2026 and December 31, 2025, respectively | $79.3M | $79.7M | $80.0M | $80.4M |
| Land held for development | $469.4M | $469.4M | $469.4M | $469.4M |
| Deferred tax asset, net | $26.4M | $32.1M | $37.7M | $56.5M |
| Finance lease right-of-use assets, net | $47.2M | $50.6M | $41.2M | — |
| Other assets, net | $94.6M | $93.0M | $107.2M | $102.0M |
| Total assets | $4.4B | $4.2B | $4.1B | $4.0B |
| Accounts payable | $20.0M | $17.2M | $21.8M | $15.5M |
| Accrued interest payable | $23.8M | $13.5M | $13.5M | $23.8M |
| Other accrued liabilities | $169.6M | $174.0M | $260.9M | $220.2M |
| Taxes Payable, Current | $12.0M | $12.5M | — | $9.7M |
| Current portion of payable pursuant to tax receivable agreement | $1.2M | $1.2M | $994.0K | $994.0K |
| Current portion of finance lease liabilities | $12.8M | $12.6M | $9.7M | — |
| Current portion of long-term debt | $17.2M | $17.2M | $52.0M | $52.3M |
| Construction Payable | $158.9M | $96.6M | — | — |
| Total current liabilities | $415.5M | $345.0M | $358.9M | $322.4M |
| Long-term debt, less current portion | $3.6B | $3.5B | $3.3B | $3.3B |
| Long-term finance lease liabilities, less current portion | $36.1M | $39.7M | $32.6M | — |
| Other long-term liabilities | $40.9M | $42.3M | $42.9M | $45.6M |
| Payable pursuant to tax receivable agreement, less current portion | $18.2M | $18.2M | $19.3M | $18.1M |
| Total liabilities | $4.1B | $4.0B | $3.8B | $3.7B |
| Preferred stock, par value $0.01 per share, 100,000,000 shares authorized; none issued and outstanding | $0.00 | $0.00 | $0.00 | $0.00 |
| Common stock | $592.0K | $586.0K | $601.0K | $596.0K |
| Additional paid-in capital | $4.6M | $0 | $1.0M | $0 |
| Retained earnings | $165.9M | $142.1M | $218.0M | $202.8M |
| Total Red Rock Resorts, Inc. stockholders’ equity | $171.1M | $142.7M | $219.6M | $203.4M |
| Noncontrolling interest | $120.8M | $104.8M | $111.2M | $93.7M |
| Total stockholders’ equity | $291.9M | $247.6M | $330.9M | $297.1M |
| Total liabilities and stockholders’ equity | $4.4B | $4.2B | $4.1B | $4.0B |
| Common stock, shares issued (in shares) | 105.0M | 104.4M | 105.9M | 105.4M |
| Common stock, shares outstanding (in shares) | 105.0M | 104.4M | 105.9M | 105.4M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $355.7M | $291.3M | $337.8M | $390.4M |
| Depreciation and amortization | $197.4M | $187.1M | $132.5M | $128.4M |
| Write-downs and other, net | $1.8M | $1.1M | ($38.9M) | ($83.5M) |
| Amortization of debt discount and debt issuance costs | $7.1M | $7.4M | $9.6M | $9.6M |
| Deferred income tax | $25.1M | ($9.2M) | $35.9M | $11.9M |
| Receivables, net | ($9.5M) | ($2.5M) | ($18.3M) | ($4.2M) |
| Inventories and prepaid expenses | ($5.4M) | $2.0M | ($8.0M) | ($6.3M) |
| Accounts payable | $3.9M | ($7.6M) | $13.9M | ($6.2M) |
| Accrued interest payable | ($3.2M) | $11.8M | $1.1M | $140.0K |
| Other accrued liabilities | $7.0M | $14.1M | $21.7M | $5.5M |
| Other, net | $759.0K | $3.1M | $1.7M | ($1.1M) |
| Net cash provided by operating activities | $609.5M | $548.3M | $494.3M | $542.2M |
| Capital expenditures, net of related payables | ($319.0M) | ($283.9M) | ($699.5M) | ($328.6M) |
| Net proceeds from asset sales | $424.0K | $367.0K | $59.2M | $121.6M |
| Payments to Acquire Land | $1.6M | $15.0M | — | — |
| Native American development costs | ($34.5M) | ($21.7M) | ($4.2M) | ($7.5M) |
| Other, net | ($1.5M) | ($1.6M) | ($7.3M) | $5.1M |
| Net cash used in investing activities | ($245.8M) | ($321.8M) | ($653.9M) | ($442.1M) |
| Net cash (used in) provided by financing activities | ($385.6M) | ($199.7M) | $179.8M | ($290.0M) |
| (Decrease) increase in cash and cash equivalents | ($21.9M) | $26.8M | $20.3M | ($190.0M) |
| Payment, Tax Withholding, Share-Based Payment Arrangement | ($24.0M) | ($13.8M) | ($14.7M) | ($4.5M) |
| Tax Receivable Agreement Liability Amount Paid | ($1.4M) | ($1.7M) | ($6.6M) | — |
| GainLossonExtinguishmentofDebtcashflowimpact | $0 | $3.0M | — | — |
| Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments | $4.3M | ($274.0K) | — | — |
| Share-Based Payment Arrangement, Noncash Expense | $32.1M | $30.9M | $19.7M | $17.5M |
| Gain on Native American development Cash Flow Impact | ($8.5M) | — | — | — |
| Increase (Decrease) in Income Taxes Payable, Net of Income Taxes Receivable | $988.0K | $15.7M | ($14.4M) | — |
| Proceeds from repayment of Native American development costs | $110.5M | — | — | — |
| Payments for Repurchase of Redeemable Noncontrolling Interest | ($5.6M) | — | $0 | $0 |
| Finance Lease, Principal Payments | ($1.5M) | — | — | — |
| Cash Provided by (Used in) Financing Activity, Including Discontinued Operation | ($385.6M) | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($21.9M) | — | — | — |
| Proceeds from (Payment for) Other Financing Activity | ($1.3M) | ($1.3M) | ($1.3M) | $391.0K |
| Payments for Repurchase of Common Stock | $79.0M | ($3.9M) | $0 | ($141.5M) |
| Proceeds from Debt, Maturing in More than Three Months | $400.0M | $2.0B | $476.5M | $297.5M |
| Interest Paid, Excluding Capitalized Interest, Operating Activity | $198.1M | $209.7M | $170.5M | $120.2M |
| Payments of Debt Issuance Costs | $90.0K | ($23.6M) | $0 | $0 |
| Repayments of Debt, Maturing in More than Three Months | $415.7M | ($2.4B) | ($138.8M) | ($172.8M) |
| Proceeds from Issuance of Senior Long-Term Debt | $0 | $500.0M | $0 | $0 |
| Payments to Noncontrolling Interests | $136.3M | ($126.7M) | ($76.7M) | ($152.4M) |
| Payments of Dividends | $120.8M | ($118.4M) | ($58.6M) | ($116.7M) |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $142.5M | $137.6M | $117.3M | $307.3M |
| Capital Expenditures Incurred but Not yet Paid | $103.7M | $32.6M | $108.0M | $94.3M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $159.3M | $82.7M | $271.1M | $194.2M |
| Depreciation and amortization | $114.8M | $55.9M | $145.3M | $96.3M |
| Write-downs and other, net | $2.4M | $1.5M | $402.0K | $181.0K |
| Amortization of debt discount and debt issuance costs | $3.7M | $1.8M | $5.3M | $3.5M |
| Share-based compensation | $17.5M | $7.7M | $23.7M | $16.3M |
| Change in fair value of derivative instruments | ($4.1M) | ($966.0K) | $5.7M | $7.5M |
| Gain on Native American Development | $0 | — | ($8.5M) | ($8.5M) |
| Deferred income tax | $8.5M | $2.8M | $20.1M | ($21.0K) |
| Receivables, net | $7.2M | $5.6M | $8.3M | ($3.8M) |
| Inventories and prepaid expenses | ($7.4M) | ($4.7M) | ($12.8M) | ($7.4M) |
| Accounts payable | ($1.7M) | ($4.4M) | $4.1M | ($2.2M) |
| Accrued interest payable | ($245.0K) | ($10.4M) | ($13.7M) | ($3.6M) |
| Income tax receivable/ payable | $9.7M | $10.3M | ($5.2M) | $8.4M |
| Other accrued liabilities | ($13.2M) | ($8.6M) | $23.1M | ($4.6M) |
| Other, net | $1.3M | $705.0K | ($13.8M) | ($11.7M) |
| Net cash provided by operating activities | $297.8M | $139.8M | $453.0M | $284.7M |
| Capital expenditures, net of related payables | ($257.0M) | ($117.2M) | ($240.1M) | ($146.4M) |
| Payments to Acquire Land | $0 | — | $1.6M | $1.6M |
| Proceeds from repayment of Native American development costs | $0 | — | $110.5M | $110.5M |
| Native American development costs | $0 | $0 | ($34.5M) | ($34.5M) |
| Other, net | ($1.8M) | ($1.0M) | ($530.0K) | ($398.0K) |
| Net cash used in investing activities | ($258.8M) | ($118.2M) | ($166.3M) | ($72.5M) |
| Borrowings under credit agreements with original maturity dates greater than three months | $315.0M | $220.0M | $320.0M | $270.0M |
| Payments under credit agreements with original maturity dates greater than three months | ($132.8M) | ($68.9M) | ($366.8M) | ($277.9M) |
| Distributions to noncontrolling interests | ($82.3M) | ($57.8M) | ($106.4M) | ($94.9M) |
| Payments for Repurchase of Common Stock | ($38.3M) | ($38.3M) | ($30.9M) | ($30.9M) |
| Withholding tax on share-based compensation | ($7.3M) | ($4.8M) | ($23.9M) | ($5.2M) |
| Dividends paid | ($90.6M) | ($75.3M) | ($105.4M) | ($90.5M) |
| Finance Lease, Principal Payments | ($6.7M) | ($3.3M) | — | — |
| Tax Receivable Agreement Liability Amount Paid | ($1.2M) | ($1.2M) | ($1.4M) | ($1.4M) |
| Other, net | ($773.0K) | ($359.0K) | ($996.0K) | ($682.0K) |
| Net cash used in financing activities | ($45.0M) | ($30.0M) | ($321.3M) | ($231.4M) |
| Decrease in cash and cash equivalents | ($6.0M) | ($8.4M) | ($34.6M) | ($19.2M) |
| Balance, beginning of period | $142.5M | $142.5M | $164.4M | $164.4M |
| Cash and cash equivalents | $136.5M | $134.0M | $129.8M | $145.2M |
| Balance, end of period | $136.5M | $134.0M | $129.8M | $145.2M |
| Cash paid for interest, net of $2,669 and $827 capitalized, respectively | $95.8M | $58.2M | $160.7M | $101.9M |
| Capitalized interest | $2.7M | $628.0K | $2.3M | $827.0K |
| Income Tax Paid, after Refund Received | $8.3M | $15.0K | $20.4M | $20.3M |
| Capital expenditures incurred but not yet paid | $153.0M | $88.1M | $61.4M | $47.3M |
| Gain on Native American development Cash Flow Impact | $0 | — | ($8.5M) | ($8.5M) |
Red Rock Resorts Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.