Monarch Casino & Resort(MCRI) - 2025 Q3 - Quarterly Results

Financial Performance - In Q3 2025, Monarch Casino & Resort reported net revenue of $142.8 million, a 3.6% increase from $137.9 million in Q3 2024[1] - Net income for Q3 2025 was $31.6 million, reflecting a 14.4% increase compared to $27.6 million in the same period last year[1] - Adjusted EBITDA reached an all-time quarterly record of $54.8 million, up 8.3% from $50.6 million in Q3 2024[1] - Basic EPS increased by 15.3% to $1.73 in Q3 2025, compared to $1.50 in Q3 2024[1] - Basic earnings per share increased to $1.73 for Q3 2025, up from $1.50 in Q3 2024, representing a growth of 15.3%[23] - Net income for Q3 2025 was $31,576,000, compared to $27,601,000 in Q3 2024, reflecting a year-over-year increase of 14.3%[26] - Adjusted EBITDA for Q3 2025 reached $54,848,000, a rise of 8.7% from $50,643,000 in Q3 2024[26] Revenue Breakdown - Casino revenue grew by 5.0% year-over-year, food and beverage revenue increased by 2.9%, and hotel revenue rose by 3.9%[6] Expenses and Liabilities - SG&A expenses as a percentage of net revenue decreased to 19.3% from 19.7% in the prior-year period[8] - Current liabilities decreased to $140,237,000 as of September 30, 2025, down from $146,463,000 at December 31, 2024, a reduction of 4.2%[25] Cash and Assets - The company had cash and cash equivalents of $107.6 million and no borrowings against its credit facility as of September 30, 2025[10] - Cash and cash equivalents increased to $107,639,000 as of September 30, 2025, up from $58,760,000 at December 31, 2024, a significant increase of 83.1%[25] - Total assets as of September 30, 2025, were $725,384,000, compared to $691,583,000 at December 31, 2024, indicating an increase of 4.9%[25] Stockholder Information - Monarch declared a cash dividend of $0.30 per share, payable on December 15, 2025[1] - The company repurchased 111,169 shares for $11.3 million under its Repurchase Plan during Q3 2025[12] - Total stockholders' equity rose to $558,376,000 as of September 30, 2025, compared to $517,748,000 at December 31, 2024, marking an increase of 7.8%[25] - Retained earnings increased to $580,262,000 as of September 30, 2025, compared to $518,350,000 at December 31, 2024, reflecting a growth of 11.9%[25] Future Outlook - Monarch is continuously evaluating potential M&A opportunities to drive long-term value for shareholders[13] - The company plans to continue focusing on market expansion and new product development to drive future growth[26] Compensation - The company reported stock-based compensation expenses of $2,078,000 for Q3 2025, slightly down from $2,038,000 in Q3 2024[26]