Monarch Casino & Resort, Inc. (MCRI) Income Statement
MCRI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMCRI revenue and net income
Where MCRI's revenue goes
2025Each bar shows an amount and its share of revenue. MCRI kept 18.6% of revenue as net income.
MCRI profit margins
MCRI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.4% | +4.5% | +24.2% | +10.4% |
| Gross profit | −12.4% | −1.8% | +19.8% | +9.1% |
| Operating income | +47.7% | +7.0% | +55.0% | +15.4% |
| Net income | +39.3% | +5.0% | +33.8% | +17.2% |
| EPS (diluted) | +10.4% | +5.3% | +30.6% | +16.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MCRI quarterly EPS vs estimates
Monarch Casino & Resort beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 27, 2026 (estimate $1.91).
MCRI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $545.1M | $522.2M | $501.5M | $477.9M | $395.4M | $184.4M | $249.2M | $240.3M | $230.7M | $217.0M |
| Cost of revenue | $299.1M | $241.4M | $232.3M | $218.3M | $177.7M | $84.7M | $122.3M | $117.1M | $112.2M | $105.2M |
| Gross profit | $246.0M | $280.8M | $269.2M | $259.6M | $217.7M | $99.7M | $126.9M | $123.3M | $118.5M | $111.8M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $109.4M | $108.3M | $105.8M | $97.6M | $84.4M | $60.4M | $69.3M | $65.8M | $62.7M | $57.7M |
| Total operating expenses | $109.4M | $188.3M | $159.0M | $148.2M | $127.8M | $84.4M | $87.3M | $80.4M | $77.9M | $72.6M |
| Operating income | $136.7M | $92.5M | $110.2M | $111.4M | $89.9M | $15.3M | $39.6M | $42.8M | $40.7M | $38.5M |
| Interest income | — | — | — | — | — | — | $1,000 | $177,000 | $967,000 | $616,000 |
| Interest expense | $1.9M | $104,000 | $1.6M | $2.4M | $4.5M | $273,000 | $1,000 | $177,000 | $967,000 | $616,000 |
| Income before taxes | $129.4M | $92.4M | $108.5M | $109.0M | $85.4M | $15.0M | $39.6M | $42.6M | $39.7M | $37.9M |
| Income taxes | $28.0M | $19.6M | $26.1M | $21.5M | $16.9M | −$8.7M | $7.8M | $8.6M | $14.2M | $13.4M |
| Net income | $101.4M | $72.8M | $82.4M | $87.5M | $68.5M | $23.7M | $31.8M | $34.1M | $25.5M | $24.6M |
| EBITDA | $185.4M | $143.9M | $157.4M | $154.9M | $128.3M | $32.6M | $54.5M | $57.4M | $55.8M | $54.1M |
| EPS (diluted) | $5.51 | $4.99 | $4.32 | $4.72 | $3.51 | $1.45 | $1.72 | $1.83 | $1.47 | $1.46 |
| Gross margin | 45.1% | 53.8% | 53.7% | 54.3% | 55.1% | 54.1% | 50.9% | 51.3% | 51.4% | 51.5% |
| Operating margin | 25.1% | 17.7% | 22.0% | 23.3% | 22.7% | 8.3% | 15.9% | 17.8% | 17.6% | 17.8% |
| Net margin | 18.6% | 13.9% | 16.4% | 18.3% | 17.3% | 12.8% | 12.8% | 14.2% | 11.1% | 11.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $142.6M | $136.6M | $140.0M | $142.8M | $136.9M | $125.4M | $134.5M | $137.9M | $128.1M | $121.7M | $128.2M | $133.0M |
| Cost of revenue | $92.9M | $72.3M | $62.6M | $76.6M | $57.6M | $59.2M | $61.7M | $62.1M | $59.8M | $70.3M | $71.2M | $58.8M |
| Gross profit | $49.7M | $64.3M | $77.4M | $66.2M | $79.3M | $66.2M | $72.8M | $75.8M | $68.3M | $51.4M | $56.9M | $74.2M |
| Sales, general & admin | $28.6M | $27.8M | $27.9M | $27.5M | $26.8M | $27.2M | $27.8M | $27.2M | $26.2M | $27.1M | $28.7M | $27.1M |
| Total operating expenses | $28.6M | $27.8M | $48.3M | $28.0M | $44.4M | $40.9M | $68.9M | $40.5M | $38.8M | $27.1M | $28.7M | $42.3M |
| Operating income | $21.1M | $36.5M | $29.1M | $38.2M | $34.9M | $25.3M | $3.9M | $35.3M | $29.5M | $24.3M | $28.3M | $31.9M |
| Interest income | $742,000 | — | — | — | $392,000 | — | — | — | — | — | — | — |
| Interest expense | — | — | $654,000 | $575,000 | $708,000 | — | $259,000 | $145,000 | $211,000 | $7,000 | $111,000 | $369,000 |
| Income before taxes | $39.4M | $35.5M | $29.8M | $38.7M | $35.3M | $25.6M | $4.1M | $35.1M | $29.3M | $23.8M | $25.5M | $31.5M |
| Income taxes | −$6.8M | $8.0M | $6.8M | $7.2M | $8.3M | $5.8M | −$63,000 | $7.5M | $6.6M | $5.5M | $7.3M | $7.4M |
| Net income | $32.5M | $27.6M | $22.9M | $31.6M | $27.0M | $19.9M | $4.2M | $27.6M | $22.7M | $18.3M | $18.2M | $24.2M |
| EBITDA | $32.8M | $46.0M | $42.9M | $53.4M | $48.9M | $38.8M | $17.5M | $48.4M | $41.9M | $36.3M | $37.6M | $44.1M |
| EPS (diluted) | $1.78 | $1.58 | $1.25 | $1.71 | $1.48 | $1.07 | $1.36 | $1.48 | $1.20 | $0.95 | $0.93 | $1.35 |
| Gross margin | 34.9% | 47.1% | 55.3% | 46.4% | 57.9% | 52.8% | 54.2% | 55.0% | 53.3% | 42.2% | 44.4% | 55.8% |
| Operating margin | 14.8% | 26.8% | 20.8% | 26.7% | 25.5% | 20.2% | 2.9% | 25.6% | 23.0% | 20.0% | 22.1% | 24.0% |
| Net margin | 22.8% | 20.2% | 16.4% | 22.1% | 19.7% | 15.8% | 3.1% | 20.0% | 17.7% | 15.0% | 14.2% | 18.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MCRI's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MCRI financial results
In fiscal year 2025 (ended December 31, 2025), Monarch Casino & Resort reported revenue of $545.1 million, up 4.4% from the year before. It had net income of $101.4 million (up 39.3%), a net profit margin of 18.6%. Diluted earnings per share came to $5.51. Over five years revenue grew at an average rate of 24.2% a year.
See the MCRI stock overview for the latest quote and news, or the MCRI chart for price history and technical indicators.
MCRI income statement FAQ
What is Monarch Casino & Resort's annual revenue?
Monarch Casino & Resort reported total revenue of $545.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 4.4% from $522.2 million the previous year.
Is Monarch Casino & Resort profitable?
Yes. Monarch Casino & Resort reported net income of $101.4 million in fiscal 2025, a net profit margin of 18.6%; its operating margin was 25.1%.
What is Monarch Casino & Resort's gross margin?
Monarch Casino & Resort's gross margin was 45.1% in fiscal 2025: for every $100 of revenue, Monarch Casino & Resort kept $45 after the direct cost of its products and services.
How fast is Monarch Casino & Resort growing?
Revenue grew 24.2% a year on average over the last five fiscal years, from $184.4 million to $545.1 million.
What are Monarch Casino & Resort's earnings per share?
Monarch Casino & Resort earned $5.51 per diluted share in fiscal 2025, compared with $4.99 a year earlier.
When will Monarch Casino & Resort report its next earnings?
Monarch Casino & Resort is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 after the market closes.
When does Monarch Casino & Resort's fiscal year end?
Monarch Casino & Resort's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.