Monarch Casino & Resort Reports Record Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 net revenue $146.3M, up 2.4% year over year
- ➤Q3 adjusted EBITDA $56.0M, up 2.1%; margin 38.3%
- ➤Q3 diluted EPS $1.76, up 4.1% year over year
- ➤Monarch repurchased 300,859 shares for $37M during Q3
- ➤Cash reached $137.4M with no credit-facility borrowings at quarter-end
Expert Statements
John Farahi, Co-Chairman and Chief Executive Officer of Monarch Casino & Resort
“In the third quarter of 2026, Monarch delivered record quarterly net revenue and adjusted EBITDA. Net revenue increased 2.4% year-over-year to $146.3 million, reflecting growth in casino, food and beverage, and hotel revenues. Quarterly Adjusted EBITDA grew 2.1% compared to the same period last year. The third-quarter 2026 adjusted EBITDA margin remained near record levels at 38.3%. The third quarter net revenue and adjusted EBITDA growth highlights our ability to drive sustained growth from our two properties.”
John Farahi, Co-Chairman and Chief Executive Officer of Monarch Casino & Resort
“We remain focused on delivering market-leading offerings and services, while maintaining operational efficiency. We remain committed to technology and other strategic capital investments that enhance both properties and set the standard for luxury casino resorts in Northern Nevada and Colorado.”
John Farahi, Co-Chairman and Chief Executive Officer of Monarch Casino & Resort
“We continue to return capital to stockholders through share repurchases and dividends. In the third quarter of 2026, we purchased, in open market transactions, 300,859 shares of Monarch common stock for $37 million. In the third quarter of 2026, we also returned $5.3 million to stockholders through our quarterly cash dividend. We ended the quarter with a solid cash position of $137.4 million.”
RENO, Nev., Oct. 27, 2026 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch” or “the Company”) today reported operating results for the third quarter ended September 30, 2026, as summarized below:
Three Months Ended September 30,Nine Months Ended September 30, 20262025Increase20262025Increase Net revenue$ 146,265$ 142,8142.4 %$ 425,412$ 405,1225.0 % Net income32,00531,5761.4 %92,12078,44817.4 % Adjusted EBITDA ((1))$ 56,018$ 54,8482.1 %$ 157,968$ 147,2687.3 % Basic EPS$ 1.80$ 1.734.0 %$ 5.17$ 4.2721.1 % Diluted EPS$ 1.76$ 1.694.1 %$ 5.06$ 4.1821.1 %
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