| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 142.60 | 4.4% | 4.2% |
| Total Income | 142.60 | 4.4% | 4.2% |
| Expenditure | 103.97 | 2.3% | 1.9% |
| PBT | 39.37 | 10.8% | 11.6% |
| Net Profit | 32.52 | 17.9% | 20.4% |
| OPM | — | ||
| NPM | 22.81% | 2.60pp | 3.08pp |
| EPS | 1.82 | 17.4% | 23.8% |
Monarch Casino & Resort Reports Record Second Quarter 2026 Financial Results
21 Jul 2026 · 21 Jul, 3:31 pm
Summary
Monarch Casino & Resort announced record-breaking financial results for the second quarter ended June 30, 2026. Net revenue saw a 4.2% year-over-year increase, reaching $142.6 million, driven by growth in casino, food and beverage, and hotel operations. Adjusted EBITDA also grew by 3.3% to $53.0 million, with a near-record EBITDA margin of 37.2%. Net income surged by 20.4% to $32.5 million, and diluted EPS increased by 23.6% to $1.78, reflecting strong operational performance and efficiency.
Key Highlights
- 1
Monarch Casino & Resort reported record second-quarter financial results for the period ended June 30, 2026.
- 2
Net revenue increased by 4.2% year-over-year to $142.6 million for the second quarter of 2026.
- 3
Adjusted EBITDA grew by 3.3% to $53.0 million compared to the same period last year.
- 4
The second-quarter 2026 adjusted EBITDA margin was 37.2%, near record levels.
- 5
Net income for the second quarter of 2026 increased by 20.4% to $32.5 million.
- 6
Diluted Earnings Per Share (EPS) rose by 23.6% to $1.78 in the second quarter of 2026.
- 7
The company declared a cash dividend of $0.30 per share, payable on September 15, 2026.
Management Comments
John Farahi
Monarch delivered record second-quarter financial results. Second quarter net revenue increased 4.2% year-over-year reflecting growth in casino, F&B and hotel revenue. Adjusted EBITDA grew 3.3% compared to the same period last year. The second-quarter 2026 adjusted EBITDA margin remained near record levels at 37.2%, inclusive of a rise in employee benefit expenses, compared to 37.5% in Q2 2025. The second quarter revenue and adjusted EBITDA growth highlights our ability to drive sustained growth from our two properties. We continue to focus on excellence by delivering exceptional product and service to our guests, while maintaining operational efficiency. We remain committed to ongoing capital investments that enhance both properties and set the standard for luxury casino resorts in Northern Nevada and Colorado. Monarch’s strong operating results and positive trends allows us to continue to return capital to stockholders. In the second quarter of 2026, we returned $5.4 million to stockholders through our quarterly cash dividend. At the same time, we increased our cash position by $18.1 million.
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