Red Rock Resorts, Inc. (RRR) Balance Sheet
RRR balance sheet, 2025
December 31, 2025 · U.S. dollars$4.17B assets = $3.83B liabilities + $332.3M equity
Both columns are drawn to the same scale: what RRR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
RRR financial health
Descriptive bands, not a rating. Fiscal 2025.
RRR balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.53B2016 | $4.17B2025 | +1.9%/yr | |
| Total liabilities | $2.89B2016 | $3.83B2025 | +3.2%/yr | |
| Shareholders’ equity | $349.7M2016 | $208.3M2025 | −5.6%/yr | |
| Cash & short-term investments | $133.8M2016 | $142.5M2025 | +0.7%/yr | |
| Total debt | $2.42B2016 | $58.2M2025 | −33.9%/yr | |
| Net cash (debt) | −$2.29B2016 | $84.3M2025 | +$2.4B | |
| Working capital | $3.1M2016 | −$76.4M2025 | −$79.5M | |
| Book value per share | $10.202016 | $2.032025 | −16.4%/yr | |
| Current ratio | 1.012016 | 0.792025 | −0.22 | |
| Debt / equity | 6.932016 | 0.282025 | −6.65 | |
| Shares outstanding | 34.3M2016 | 102.6M2025 | +13.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RRR assets
RRR liabilities and equity
RRR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
RRR balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $142.5M | $164.4M | $137.6M | $117.3M | $275.3M | $121.2M | $128.8M | $114.6M | $231.5M | $133.8M |
| Cash & equivalents | $142.5M | $164.4M | $137.6M | $117.3M | $275.3M | $121.2M | $128.8M | $114.6M | $231.5M | $133.8M |
| Short-term investments | — | — | — | — | — | $8.2M | — | $8.3M | $3.6M | $18,999 |
| Receivables | $73.9M | $65.7M | $76.4M | $43.6M | $36.7M | $35.1M | $56.7M | $51.4M | $49.0M | $51.2M |
| Inventory | $17.9M | $16.4M | $15.3M | $13.2M | $11.7M | $13.1M | $17.8M | $14.9M | $12.6M | $12.0M |
| Other current assets | $52.4M | $48.8M | $53.1M | $46.9M | $54.8M | $55.3M | $78.3M | $81.1M | $48.5M | $52.9M |
| Total current assets | $286.8M | $295.4M | $282.3M | $221.0M | $378.5M | $224.7M | $281.6M | $262.0M | $341.6M | $249.8M |
| Property, plant & equipment (net) | $3.01B | $2.78B | $2.77B | $2.64B | $2.20B | $2.86B | $3.30B | $3.21B | $2.72B | $2.60B |
| Goodwill & intangible assets | $275.8M | $276.9M | $278.5M | $280.1M | $282.8M | $296.5M | $304.2M | $312.9M | $323.7M | $344.9M |
| Long-term investments | $0 | $0 | $0 | $0 | $6.1M | $8.2M | $8.9M | $8.9M | $10.1M | $10.6M |
| Other non-current assets | $594.2M | $691.3M | $621.9M | $200.7M | $276.6M | $352.7M | $219.3M | $219.7M | $224.9M | $319.0M |
| Total assets | $4.17B | $4.05B | $3.95B | $3.35B | $3.14B | $3.74B | $4.11B | $4.01B | $3.62B | $3.53B |
| Liabilities | ||||||||||
| Accounts payable | $21.6M | $31.8M | $25.4M | $11.4M | $17.5M | $11.2M | $34.0M | $25.9M | $21.6M | $30.7M |
| Short-term debt | $27.1M | $59.4M | $32.2M | $30.9M | $28.9M | $37.5M | $37.6M | −$25.0M | −$23.1M | $46.1M |
| Deferred revenue | — | $25.0M | $20.2M | $50.5M | $50.6M | $47.6M | $22.2M | $18.6M | $13.9M | $16.3M |
| Total current liabilities | $363.2M | $325.2M | $349.2M | $293.2M | $204.8M | $200.3M | $276.0M | $333.7M | $239.2M | $246.8M |
| Long-term debt | $3.38B | $3.35B | $3.30B | $2.96B | $2.83B | $2.88B | $3.00B | $2.82B | $2.59B | $2.38B |
| Lease obligations | $46.8M | $6.4M | $6.1M | $4.8M | $3.0M | $2.9M | $3.6M | — | — | — |
| Other long-term liabilities | $93.1M | $58.9M | $59.7M | $61.5M | $57.9M | $55.9M | $56.3M | $37.4M | $155.4M | $269.8M |
| Total liabilities | $3.83B | $3.74B | $3.71B | $3.31B | $3.09B | $3.14B | $3.33B | $3.19B | $2.98B | $2.89B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $592,000 | $597,000 | $590,000 | $581,000 | $615,000 | $713,000 | $706,000 | $698,000 | $353.6M | $329.7M |
| Retained earnings (deficit) | $207.7M | $195.8M | $160.9M | $43.2M | $3.9M | −$33.1M | $124.4M | $155.9M | $25.7M | $17.6M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | — | — | — | $0 | $0 | −$623,000 | −$641,000 | $1.1M | $2.5M | $2.5M |
| Minority interest | $124.0M | $91.8M | $75.0M | −$11.5M | −$9.5M | $252.0M | $281.9M | $297.4M | $255.5M | $283.6M |
| Total shareholders' equity | $208.3M | $306.8M | $168.8M | $43.8M | $59.5M | $352.6M | $500.7M | $519.6M | $381.8M | $349.7M |
| Key figures | ||||||||||
| Total debt | $58.2M | $52.9M | $3.33B | $3.02B | $2.88B | $2.93B | $3.04B | $2.86B | $2.62B | $2.42B |
| Net cash (debt) | $84.3M | $111.5M | −$3.20B | −$2.90B | −$2.60B | −$2.81B | −$2.91B | −$2.74B | −$2.39B | −$2.29B |
| Working capital | −$76.4M | −$29.8M | −$66.9M | −$72.3M | $173.7M | $24.4M | $5.6M | −$71.7M | $102.4M | $3.1M |
| Tangible book value | −$67.4M | $29.9M | −$109.6M | −$236.3M | −$223.4M | $56.1M | $196.5M | $206.7M | $58.1M | $4.9M |
| Book value per share | $2.03 | $2.96 | $1.64 | $0.42 | $0.51 | $3.00 | $4.28 | $4.45 | $3.29 | $10.20 |
| Shares outstanding | 102.6M | 103.7M | 103.2M | 104.7M | 116.5M | 117.5M | 116.9M | 116.9M | 115.9M | 34.3M |
| Current ratio | 0.79 | 0.91 | 0.81 | 0.75 | 1.85 | 1.12 | 1.02 | 0.79 | 1.43 | 1.01 |
| Quick ratio | 0.60 | 0.71 | 0.61 | 0.55 | 1.52 | 0.78 | 0.67 | 0.50 | 1.17 | 0.75 |
| Debt / equity | 0.28 | 0.17 | 19.75 | 68.96 | 48.38 | 8.30 | 6.07 | 5.50 | 6.86 | 6.93 |
| Equity / assets | 5.0% | 7.6% | 4.3% | 1.3% | 1.9% | 9.4% | 12.2% | 13.0% | 10.5% | 9.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $136.5M | $134.0M | $142.5M | $129.8M | $145.2M | $150.6M | $164.4M | $117.5M | $136.4M | $129.7M | $137.6M | $122.8M |
| Cash & equivalents | $136.5M | $134.0M | $142.5M | $129.8M | $145.2M | $150.6M | $164.4M | $117.5M | $136.4M | $129.7M | $137.6M | $122.8M |
| Short-term investments | — | — | — | — | — | — | — | — | $259.4M | — | — | — |
| Receivables | $66.7M | $68.3M | $73.9M | $60.0M | $68.2M | $68.9M | $64.4M | $69.4M | $73.0M | $70.8M | $76.4M | $77.0M |
| Inventory | $17.5M | $17.6M | $17.9M | $16.4M | $15.9M | $16.3M | $16.4M | $16.9M | $15.5M | $16.0M | $15.3M | $13.6M |
| Other current assets | $60.5M | $58.4M | $52.4M | $61.5M | $57.6M | $56.0M | $50.2M | $63.2M | $60.9M | $58.8M | $53.1M | $76.5M |
| Total current assets | $281.2M | $278.3M | $286.8M | $267.7M | $286.9M | $291.9M | $295.4M | $267.0M | $285.9M | $275.3M | $282.3M | $289.9M |
| Property, plant & equipment (net) | $3.69B | $3.08B | $3.01B | $2.94B | $2.84B | $2.80B | $2.78B | $2.79B | $2.80B | $3.25B | $2.77B | $2.63B |
| Goodwill & intangible assets | $275.0M | $275.4M | $275.8M | $275.7M | $276.1M | $276.5M | $276.9M | $277.3M | $277.7M | $278.1M | $278.5M | $278.9M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $121.0M | $594.6M | $594.2M | $614.4M | $627.8M | $713.0M | $691.3M | $664.1M | $644.8M | $179.5M | $621.9M | $661.0M |
| Total assets | $4.37B | $4.22B | $4.17B | $4.10B | $4.03B | $4.09B | $4.05B | $4.00B | $4.01B | $3.98B | $3.95B | $3.86B |
| Liabilities | ||||||||||||
| Accounts payable | $20.0M | $17.2M | $21.6M | $21.8M | $15.5M | $27.6M | $31.8M | $33.8M | $22.7M | $19.5M | $25.4M | $13.4M |
| Short-term debt | $30.1M | $29.9M | $27.1M | $67.4M | $58.2M | $59.1M | $59.4M | $23.2M | $27.1M | $23.2M | $32.2M | $32.0M |
| Deferred revenue | — | — | — | $26.7M | $18.2M | $55.0M | $59.6M | $21.1M | $46.8M | $51.9M | $20.2M | $23.4M |
| Total current liabilities | $415.5M | $345.0M | $363.2M | $358.9M | $322.4M | $315.6M | $325.2M | $261.2M | $305.3M | $306.9M | $349.2M | $362.5M |
| Long-term debt | $3.56B | $3.53B | $3.38B | $3.31B | $3.35B | $3.34B | $3.35B | $3.42B | $3.42B | $3.43B | $3.30B | $3.28B |
| Lease obligations | $55.6M | $58.8M | $46.8M | $48.1M | $6.0M | $6.5M | $6.4M | $6.1M | $6.1M | $6.1M | $6.1M | $5.9M |
| Other long-term liabilities | $95.2M | $100.2M | $93.1M | $94.8M | $63.7M | $58.8M | $58.9M | $70.7M | $62.8M | $58.6M | $59.7M | $61.8M |
| Total liabilities | $4.07B | $3.98B | $3.83B | $3.77B | $3.74B | $3.72B | $3.74B | $3.76B | $3.79B | $3.79B | $3.71B | $3.70B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $592,000 | $586,000 | $592,000 | $601,000 | $596,000 | $602,000 | $597,000 | $597,000 | $596,000 | $597,000 | $590,000 | $585,000 |
| Retained earnings (deficit) | $165.9M | $142.1M | $207.7M | $218.0M | $202.8M | $225.6M | $195.8M | $164.2M | $150.1M | $129.3M | $160.9M | $119.3M |
| Accumulated other comprehensive income | — | $0 | — | — | — | — | — | — | $135.2M | — | — | $0 |
| Minority interest | $120.8M | $104.8M | $124.0M | $111.2M | $93.7M | — | — | — | — | — | — | — |
| Total shareholders' equity | $171.1M | $142.7M | $208.3M | $219.6M | $203.4M | $247.1M | $215.1M | $175.5M | $159.0M | $135.2M | $168.8M | $123.3M |
| Key figures | ||||||||||||
| Total debt | $3.63B | $69.6M | $58.2M | $3.41B | $3.41B | $3.40B | $3.44B | $3.45B | $3.45B | $3.45B | $3.33B | $3.31B |
| Net cash (debt) | −$3.49B | $64.4M | $84.3M | −$3.28B | −$3.26B | −$3.25B | −$3.28B | −$3.33B | −$3.31B | −$3.32B | −$3.20B | −$3.19B |
| Working capital | −$134.3M | −$66.7M | −$76.4M | −$91.2M | −$35.5M | −$23.8M | −$29.8M | $5.8M | −$19.4M | −$31.6M | −$66.9M | −$72.5M |
| Tangible book value | −$103.9M | −$132.7M | −$67.4M | −$56.1M | −$72.7M | −$29.4M | −$61.8M | −$101.8M | −$118.7M | −$142.8M | −$109.6M | −$155.6M |
| Book value per share | $2.91 | $2.40 | $2.05 | $2.14 | $1.98 | $2.39 | $2.08 | $1.69 | $1.53 | $1.30 | $1.64 | $1.19 |
| Shares outstanding | 58.8M | 59.4M | 101.6M | 102.7M | 102.7M | 103.4M | 103.5M | 103.7M | 103.7M | 103.7M | 103.1M | 103.2M |
| Current ratio | 0.68 | 0.81 | 0.79 | 0.75 | 0.89 | 0.92 | 0.91 | 1.02 | 0.94 | 0.90 | 0.81 | 0.80 |
| Quick ratio | 0.49 | 0.59 | 0.60 | 0.53 | 0.66 | 0.70 | 0.70 | 0.72 | 0.69 | 0.65 | 0.61 | 0.55 |
| Debt / equity | 21.21 | 0.49 | 0.28 | 15.54 | 16.75 | 13.77 | 16.00 | 19.63 | 21.68 | 25.53 | 19.75 | 26.86 |
| Equity / assets | 3.9% | 3.4% | 5.0% | 5.4% | 5.0% | 6.0% | 5.3% | 4.4% | 4.0% | 3.4% | 4.3% | 3.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 20, 2026); data from EODHD.
RRR financial position
At the end of fiscal 2025 (December 31, 2025), Red Rock Resorts had total assets of $4.2 billion (up 3.0% from a year earlier), total liabilities of $3.8 billion and shareholders' equity of $208.3 million. It held $142.5 million in cash and short-term investments against $58.2 million of debt, a net cash position of $84.3 million. Its current ratio was 0.79. In the latest quarter (ended June 30, 2026) total assets were $4.4 billion and equity $171.1 million.
Related: RRR income statement, RRR cash flow statement, RRR key metrics. See the RRR stock overview for the latest quote and news.
RRR balance sheet FAQ
What are Red Rock Resorts's total assets?
Red Rock Resorts reported total assets of $4.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $4.0 billion a year earlier.
How much debt does Red Rock Resorts have?
Red Rock Resorts had $58.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.28.
How much cash does Red Rock Resorts have?
Red Rock Resorts held $142.5 million in cash and short-term investments at the end of fiscal 2025; with $58.2 million of debt that is net cash of $84.3 million.
What is Red Rock Resorts's book value?
Red Rock Resorts's shareholders' equity (book value) was $208.3 million at the end of fiscal 2025, or $2.03 per share.
What is Red Rock Resorts's current ratio?
Red Rock Resorts had current assets of $286.8 million and current liabilities of $363.2 million, a current ratio of 0.79 (current liabilities exceed current assets).
How much goodwill does Red Rock Resorts have?
Red Rock Resorts carried $275.8 million of goodwill and intangible assets, 6.6% of total assets, at the end of fiscal 2025.