Full House Resorts, Inc. (FLL) AI Stock Analysis

Established in 1987 and headquartered in Las Vegas, Nevada, Full House Resorts, Inc. develops, owns, and manages casinos and entertainment venues across the United States. Its assets include the Silver Slipper Casino and Hotel in Hancock County, Mississippi, featuring 757 slot machines, 24 table games, 129 hotel rooms, and a beachfront RV park. It also operates Bronco Billy's Casino and Hotel in Cripple Creek, Colorado, and the Rising Star Casino Resort in Rising Sun, Indiana, which offers 642 slot machines, 16 table games, 294 hotel rooms, and an 18-hole golf course. Additionally, the company operates Stockman's Casino in Fallon, Nevada, and Grand Lodge Casino in Incline Village, Nevada.

Full House Resorts expanded revenue from $180.2M in FY2021 to $302.4M in FY2025, reflecting a 5-year revenue CAGR of 19.2%. Top-line growth moderated to 3.5% in FY2025 after climbing 47.6% in FY2023 and 21.2% in FY2024. Operating profitability has contracted, with gross margin falling from 58.5% in FY2021 to 37.5% in FY2025, and operating margin dropping from 20.8% to 1.3% over the same period. Net income was -$40.2M in FY2025 compared to $11.7M in FY2021. For the trailing twelve months, revenue reached $305.9M with a profit margin of -12.1%. In the latest quarter ended June 30, 2026, quarterly revenue and earnings each grew 5.6% year-over-year.

As of June 30, 2026, Full House Resorts held $33.4M in cash and short-term investments against total debt of $526.6M, resulting in net debt of $493.2M. Total assets stood at $630.1M, while shareholders' equity was -$13.3M. The company maintains a current ratio of 0.62. In FY2025, operating cash flow was $10.0M, capital expenditures were $12.7M, and free cash flow was -$2.7M. Over the trailing five years, the company's share count changed by -1.6%.

Full House Resorts has a market capitalization of $39.9M and an enterprise value of $558.4M. The company trades at a forward P/E ratio of 125.0x, above the 14.1x forward P/E median of its US-listed Consumer Cyclical peers. Its EV to EBITDA ratio is 12.0x compared to the peer median of 11.1x, while its price-to-sales ratio of 0.1x is below the peer median of 0.7x. Over the past year, FLL shares returned -59.0%, trailing the S&P 500 (SPY) return of 16.8%. Over five years, the stock fell 90.6% while the S&P 500 gained 83.0%.

Analyst coverage consists of 2 Strong Buy, 1 Buy, 1 Hold, 0 Sell, and 0 Strong Sell ratings. The mean price target is $3.00, representing an upside of 175.2% from the last close of $1.09 on October 16, 2026. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $312.6M and an EPS of -$0.93. For the following fiscal year, 4 analysts forecast revenue of $329.4M and an EPS of -$1.05. FLL has beaten EPS estimates in 1 of the last 4 quarters, and its next earnings date is November 5, 2026.

This page is an AI-written research summary of Full House Resorts, Inc. (FLL). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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