| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 136.55 | 8.9% |
| Total Income | 136.55 | 8.9% |
| Expenditure | 101.60 | 1.5% |
| PBT | 35.54 | 38.7% |
| Net Profit | 27.59 | 38.9% |
| OPM | — | |
| NPM | 20.21% | 4.37pp |
| EPS | 1.55 | 43.5% |
Monarch Casino & Resort Reports Record Q1 2026 Financial Results
22 Apr 2026 · 22 Apr, 5:12 am
Summary
Monarch Casino & Resort reported record first quarter financial results, with net revenue increasing by 8.9% and adjusted EBITDA increasing by 19.0% year-over-year. The adjusted EBITDA margin improved to a record 35.8%. The company increased market share at both Atlantis and Monarch Black Hawk properties. Monarch continues to return capital to stockholders through dividends and share repurchases, buying back 181,258 shares for $17.6 million during the quarter.
Key Highlights
- 1
Monarch Casino & Resort reported record first quarter financial results with net revenue increasing 8.9% year-over-year.
- 2
Adjusted EBITDA for the first quarter increased by 19.0% year-over-year.
- 3
The adjusted EBITDA margin increased by approximately 300 basis points to a record 35.8% for the first quarter of 2026.
- 4
Net income for the first quarter of 2026 increased by 38.9% compared to the same period last year.
- 5
Diluted EPS increased 44.8% compared to the same period last year.
- 6
The company purchased 181,258 shares of Monarch common stock for $17.6 million in the first quarter of 2026.
- 7
A cash dividend of $0.30 per share was declared, payable on June 15, 2026.
Management Comments
John Farahi
Monarch delivered record first quarter financial results. First quarter net revenue and adjusted EBITDA increased year-over-year by 8.9% and 19.0%, respectively. First quarter adjusted EBITDA margin increased by approximately 300 basis points from 32.8% in the first quarter of 2025 to a record first quarter margin of 35.8% in 2026. The first quarter increases in revenue and adjusted EBITDA highlight our ability to drive sustained growth from our two properties.
John Farahi
In the first quarter of 2026, we increased market share year-over-year at both Atlantis and Monarch Black Hawk. We are committed to ongoing capital investments, enhancement at both properties and setting the standard for luxury resorts in each market. We remain confident that we have opportunities to increase revenue in both markets, while deploying technology to reduce operating costs.
John Farahi
We continue to return capital to stockholders through dividends and share repurchases. In the first quarter of 2026, we purchased, in open market transactions, 181,258 shares of Monarch common stock for $17.6 million.
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