Red Rock Resorts, Inc. (RRR) Income Statement
RRR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsRRR revenue and net income
Where RRR's revenue goes
2025Each bar shows an amount and its share of revenue. RRR kept 9.3% of revenue as net income.
RRR profit margins
RRR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.7% | +6.5% | +11.2% | +4.1% |
| Gross profit | −11.5% | −0.5% | +9.2% | +3.2% |
| Operating income | +5.1% | +2.1% | +46.1% | +7.6% |
| Net income | +22.1% | −2.9% | — | +3.2% |
| EPS (diluted) | −1.5% | −17.2% | — | −6.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RRR quarterly EPS vs estimates
Red Rock Resorts beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 3, 2026 (estimate $0.23).
RRR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.01B | $1.94B | $1.72B | $1.66B | $1.62B | $1.18B | $1.86B | $1.68B | $1.62B | $1.45B |
| Cost of revenue | $953.7M | $744.2M | $626.4M | $588.7M | $552.5M | $501.3M | $950.3M | $794.1M | $735.3M | $635.3M |
| Gross profit | $1.06B | $1.19B | $1.10B | $1.08B | $1.07B | $681.1M | $906.3M | $887.0M | $880.3M | $817.1M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $441.3M | $432.3M | $374.5M | $353.0M | $347.1M | $324.6M | $416.4M | $390.5M | $379.2M | $325.7M |
| Total operating expenses | $460.3M | $626.1M | $539.0M | $513.8M | $663.9M | $591.5M | $718.3M | $480.1M | $418.2M | $483.1M |
| Operating income | $597.4M | $568.7M | $558.7M | $561.3M | $401.5M | $89.7M | $187.9M | $372.2M | $330.4M | $309.4M |
| Interest income | — | — | — | — | — | — | $174.2M | $128.5M | $115.7M | $138.2M |
| Interest expense | $201.9M | $228.8M | $181.0M | $129.9M | $103.2M | $128.5M | $156.7M | $143.1M | $131.4M | $140.2M |
| Income before taxes | $402.3M | $328.2M | $380.8M | $434.9M | $285.5M | −$60.5M | −$8.5M | $243.4M | $197.8M | $164.0M |
| Income taxes | $46.6M | $36.9M | $43.0M | $44.5M | −$69.3M | $114.1M | −$1.7M | $23.9M | $134.8M | $8.2M |
| Net income | $188.1M | $154.1M | $176.0M | $205.5M | $241.8M | −$150.4M | −$3.4M | $157.5M | $35.2M | $92.0M |
| EBITDA | $801.6M | $744.1M | $694.3M | $693.1M | $546.5M | $356.5M | $489.9M | $496.2M | $501.6M | $491.7M |
| EPS (diluted) | $1.91 | $1.94 | $1.99 | $3.36 | $4.64 | −$0.15 | $0.88 | $0.87 | $1.61 | $1.21 |
| Gross margin | 52.6% | 61.6% | 63.7% | 64.6% | 65.9% | 57.6% | 48.8% | 52.8% | 54.5% | 56.3% |
| Operating margin | 29.7% | 29.3% | 32.4% | 33.7% | 24.8% | 7.6% | 10.1% | 22.1% | 20.5% | 21.3% |
| Net margin | 9.3% | 7.9% | 10.2% | 12.3% | 14.9% | −12.7% | −0.2% | 9.4% | 2.2% | 6.3% |
| 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 | $510.3M | $507.3M | $511.8M | $475.6M | $526.3M | $497.9M | $495.7M | $468.0M | $486.4M | $488.9M | $462.7M | $411.6M |
| Cost of revenue | $194.8M | $244.6M | $248.0M | $179.8M | $194.2M | $186.4M | $193.2M | $183.5M | $186.0M | $181.6M | $170.7M | $149.6M |
| Gross profit | $315.5M | $262.7M | $263.8M | $295.7M | $332.1M | $311.5M | $302.5M | $284.5M | $300.4M | $307.3M | $292.0M | $262.0M |
| Sales, general & admin | $117.9M | $114.4M | $111.7M | $112.9M | $112.0M | $104.7M | $107.1M | $109.0M | $111.3M | $104.8M | $96.7M | $91.8M |
| Total operating expenses | $179.5M | $119.1M | $120.2M | $164.3M | $164.0M | $157.1M | $160.2M | $153.8M | $160.2M | $151.8M | $120.0M | $139.5M |
| Operating income | $136.0M | $143.7M | $143.6M | $131.5M | $168.0M | $154.4M | $142.3M | $130.6M | $140.2M | $155.5M | $172.0M | $122.5M |
| Interest expense | $49.6M | $49.5M | $49.6M | $50.5M | $50.6M | $51.1M | $56.2M | $58.0M | $57.4M | $57.2M | $48.7M | $45.5M |
| Income before taxes | $90.1M | $95.8M | $95.9M | $83.5M | $124.2M | $98.8M | $98.5M | $63.4M | $81.6M | $84.6M | $124.0M | $77.7M |
| Income taxes | $13.5M | $13.1M | $11.3M | $6.6M | $15.9M | $12.8M | $10.8M | $8.1M | $11.8M | $6.3M | $15.1M | $9.3M |
| Net income | $39.1M | $42.9M | $44.7M | $42.3M | $56.4M | $44.7M | $46.6M | $29.0M | $35.7M | $42.8M | $56.3M | $35.5M |
| EBITDA | $198.7M | $201.2M | $197.6M | $183.0M | $222.8M | $198.2M | $202.9M | $168.8M | $185.7M | $186.7M | $208.9M | $155.7M |
| EPS (diluted) | $0.67 | $0.73 | $0.50 | $0.42 | $0.48 | $0.51 | $0.39 | $0.34 | $0.65 | $0.56 | $0.44 | $0.47 |
| Gross margin | 61.8% | 51.8% | 51.5% | 62.2% | 63.1% | 62.6% | 61.0% | 60.8% | 61.8% | 62.9% | 63.1% | 63.7% |
| Operating margin | 26.7% | 28.3% | 28.1% | 27.6% | 31.9% | 31.0% | 28.7% | 27.9% | 28.8% | 31.8% | 37.2% | 29.8% |
| Net margin | 7.7% | 8.5% | 8.7% | 8.9% | 10.7% | 9.0% | 9.4% | 6.2% | 7.3% | 8.8% | 12.2% | 8.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in RRR's financial statements (latest annual report filed February 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RRR financial results
In fiscal year 2025 (ended December 31, 2025), Red Rock Resorts reported revenue of $2.0 billion, up 3.7% from the year before. It had net income of $188.1 million (up 22.1%), a net profit margin of 9.3%. Diluted earnings per share came to $1.91. Over five years revenue grew at an average rate of 11.2% a year.
See the RRR stock overview for the latest quote and news, or the RRR chart for price history and technical indicators.
RRR income statement FAQ
What is Red Rock Resorts's annual revenue?
Red Rock Resorts reported total revenue of $2.0 billion for fiscal year 2025, which ended on December 31, 2025. That was up 3.7% from $1.9 billion the previous year.
Is Red Rock Resorts profitable?
Yes. Red Rock Resorts reported net income of $188.1 million in fiscal 2025, a net profit margin of 9.3%; its operating margin was 29.7%.
What is Red Rock Resorts's gross margin?
Red Rock Resorts's gross margin was 52.6% in fiscal 2025: for every $100 of revenue, Red Rock Resorts kept $53 after the direct cost of its products and services.
How fast is Red Rock Resorts growing?
Revenue grew 11.2% a year on average over the last five fiscal years, from $1.2 billion to $2.0 billion.
What are Red Rock Resorts's earnings per share?
Red Rock Resorts earned $1.91 per diluted share in fiscal 2025, compared with $1.94 a year earlier.
When will Red Rock Resorts report its next earnings?
Red Rock Resorts is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does Red Rock Resorts's fiscal year end?
Red Rock Resorts's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 20, 2026.