Golden Entrtnmnt Financials
Golden Entrtnmnt (GDEN) reported $634.9M in revenue for fiscal year 2025, down 4.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Falling revenue exposed a fixed-cost, asset-heavy model, leaving Golden Entertainment cash-positive while reported earnings slipped into loss.
FY2025 still generated free cash flow of$35.6M even with a net loss of-$6.0M , which points to heavy noncash depreciation from established assets rather than a pure cash shortfall. But that cash was not truly surplus: ongoing reinvestment and shareholder payouts consumed much of it, so cash did not rebuild and debt-to-equity moved back above 1.0x.
The main earnings problem is operating deleverage: revenue fell from
Leverage is still much lighter than in FY2023, with long-term debt down to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Golden Entrtnmnt's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Golden Entrtnmnt has an operating margin of 3.4%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 56/100, indicating healthy but not exceptional operating efficiency. This is down from 16.8% the prior year.
Golden Entrtnmnt's revenue declined 4.8% year-over-year, from $666.8M to $634.9M. This contraction results in a growth score of 4/100.
Golden Entrtnmnt has elevated debt relative to equity (D/E of 1.01), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 18/100, reflecting increased financial risk.
Golden Entrtnmnt's current ratio of 1.17 is below the typical benchmark, resulting in a score of 27/100. However, the company holds substantial cash reserves (62% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
Golden Entrtnmnt has a free cash flow margin of 5.6%, earning a moderate score of 49/100. The company generates positive cash flow after capital investments, but with room for improvement.
Golden Entrtnmnt posts a -1.4% return on equity (ROE), meaning it loses $1 for every $100 of shareholders' equity. This results in a returns score of 63/100. This is down from 10.7% the prior year.
Golden Entrtnmnt scores 1.38, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($753.7M) relative to total liabilities ($597.2M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Golden Entrtnmnt passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Golden Entrtnmnt reported a net loss of $6.0M while generating $83.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Golden Entrtnmnt earns $13.46 in operating income for every $1 of interest expense ($21.5M vs $1.6M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Golden Entrtnmnt generated $634.9M in revenue in fiscal year 2025. This represents a decrease of 4.8% from the prior year.
Golden Entrtnmnt's EBITDA was $111.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 44.7% from the prior year.
Golden Entrtnmnt reported -$6.0M in net income in fiscal year 2025. This represents a decrease of 111.9% from the prior year.
Golden Entrtnmnt earned -$0.23 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 113.5% from the prior year.
Cash & Balance Sheet
Golden Entrtnmnt generated $35.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 16.2% from the prior year.
Golden Entrtnmnt held $55.3M in cash against $426.6M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Golden Entrtnmnt's gross margin was 92.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.3 percentage points from the prior year.
Golden Entrtnmnt's operating margin was 3.4% in fiscal year 2025, reflecting core business profitability. This is down 13.4 percentage points from the prior year.
Golden Entrtnmnt's net profit margin was -0.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 8.6 percentage points from the prior year.
Golden Entrtnmnt's ROE was -1.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 12.1 percentage points from the prior year.
Capital Allocation
Golden Entrtnmnt spent $22.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 75.7% from the prior year.
Golden Entrtnmnt invested $47.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 4.8% from the prior year.
Not reported for fiscal year 2025.
GDEN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $155.6M+0.5% | $154.8M-5.4% | $163.6M+1.7% | $160.8M-2.0% | $164.2M+1.8% | $161.2M-3.6% | $167.3M-3.9% | $174.0M |
| Cost of Revenue | $11.6M+4.0% | $11.2M-1.8% | $11.4M-2.9% | $11.7M+93.3% | $6.1M-46.3% | $11.3M-0.1% | $11.3M-35.8% | $17.6M |
| Gross Profit | $144.0M+0.3% | $143.6M-5.6% | $152.3M+2.1% | $149.1M-5.7% | $158.1M+5.5% | $149.9M-3.9% | $156.0M-0.3% | $156.4M |
| SG&A Expenses | $54.2M-2.3% | $55.5M+1.7% | $54.6M+0.8% | $54.1M+3.7% | $52.2M-8.5% | $57.1M+1.7% | $56.1M-6.5% | $60.0M |
| Operating Income | -$2.3M-364.9% | $882K-92.6% | $11.9M+7.7% | $11.1M-5.5% | $11.7M+74.2% | $6.7M-50.3% | $13.5M-83.1% | $80.1M |
| Income Tax | -$1.3M+45.1% | -$2.4M-442.0% | -$443K-141.4% | $1.1M-3.7% | $1.1M+117.4% | -$6.4M-4343.1% | -$144K-100.5% | $27.5M |
| Net Income | -$8.5M-82.8% | -$4.7M-200.6% | $4.6M+85.4% | $2.5M-16.1% | $3.0M-42.4% | $5.2M+729.4% | $623K-98.5% | $42.0M |
| EPS (Diluted) | -$0.32-77.8% | -$0.18-205.9% | $0.17+88.9% | $0.09-30.8% | $0.13-27.8% | $0.18+800.0% | $0.02-98.5% | $1.37 |
Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.
GDEN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.0B-1.7% | $1.0B-0.9% | $1.0B-1.2% | $1.1B-2.0% | $1.1B-2.0% | $1.1B-6.7% | $1.2B-21.4% | $1.5B |
| Current Assets | $104.3M+1.4% | $102.8M+5.0% | $98.0M+1.8% | $96.2M-7.3% | $103.8M-1.6% | $105.5M-18.9% | $130.1M-71.1% | $449.8M |
| Cash & Equivalents | $55.3M-5.0% | $58.3M+11.4% | $52.3M+3.6% | $50.5M-12.5% | $57.7M-15.8% | $68.6M-22.7% | $88.6M-78.1% | $404.3M |
| Inventory | $8.5M+12.2% | $7.6M-3.5% | $7.8M-0.6% | $7.9M-1.5% | $8.0M+5.8% | $7.6M+7.6% | $7.0M-3.4% | $7.3M |
| Accounts Receivable | $13.9M+2.0% | $13.7M+0.6% | $13.6M-12.2% | $15.5M+17.4% | $13.2M-2.7% | $13.5M-19.7% | $16.8M-4.8% | $17.7M |
| Goodwill | $86.5M0.0% | $86.5M0.0% | $86.5M0.0% | $86.5M0.0% | $86.5M-2.0% | $88.3M0.0% | $88.3M+4.7% | $84.3M |
| Total Liabilities | $597.2M-0.8% | $601.9M-0.1% | $602.6M+1.1% | $596.0M-1.6% | $605.7M+2.9% | $588.5M-8.4% | $642.2M-31.1% | $932.3M |
| Current Liabilities | $89.5M-4.6% | $93.8M+7.5% | $87.2M-13.7% | $101.0M0.0% | $101.0M+6.6% | $94.8M-44.0% | $169.3M-11.0% | $190.2M |
| Long-Term Debt | $426.6M+2.2% | $417.3M-1.4% | $423.3M+6.0% | $399.3M-1.5% | $405.3M+4.9% | $386.3M-0.5% | $388.2M-41.3% | $660.9M |
| Total Equity | $420.9M-3.1% | $434.2M-2.1% | $443.3M-4.1% | $462.0M-2.6% | $474.2M-7.6% | $513.1M-4.8% | $539.0M-5.4% | $569.6M |
| Retained Earnings | -$62.4M-31.8% | -$47.3M-31.0% | -$36.1M-84.4% | -$19.6M-149.7% | -$7.8M-124.1% | $32.6M-45.9% | $60.2M-37.4% | $96.2M |
GDEN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $10.2M-61.9% | $26.9M+54.2% | $17.4M-39.0% | $28.6M+26.8% | $22.5M+0.1% | $22.5M+4.7% | $21.5M-16.6% | $25.8M |
| Capital Expenditures | $14.6M+93.4% | $7.5M-43.8% | $13.4M+12.6% | $11.9M+45.3% | $8.2M+4.5% | $7.8M-55.4% | $17.6M+8.2% | $16.3M |
| Free Cash Flow | -$4.4M-122.6% | $19.3M+384.1% | $4.0M-76.0% | $16.6M+16.2% | $14.3M-2.3% | $14.7M+274.9% | $3.9M-59.0% | $9.5M |
| Investing Cash Flow | -$14.6M-95.2% | -$7.5M+44.3% | -$13.4M-12.9% | -$11.9M-50.6% | -$7.9M-0.6% | -$7.8M+69.4% | -$25.6M-113.6% | $188.6M |
| Financing Cash Flow | $1.4M+110.6% | -$13.4M-515.6% | -$2.2M+90.9% | -$23.9M+6.1% | -$25.5M+26.7% | -$34.8M+88.8% | -$311.6M-3969.6% | -$7.7M |
| Dividends Paid | $6.5M0.0% | $6.5M0.0% | $6.5M-1.4% | $6.6M-4.5% | $6.9M-0.2% | $7.0M-2.3% | $7.1M | $0 |
| Share Buybacks | $0 | $0-100.0% | $14.6M+92.1% | $7.6M-79.4% | $36.9M+47.0% | $25.1M-15.0% | $29.5M | $0 |
GDEN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 92.5%-0.2pp | 92.8%-0.3pp | 93.0%+0.3pp | 92.7%-3.6pp | 96.3%+3.3pp | 93.0%-0.2pp | 93.2%+3.4pp | 89.9% |
| Operating Margin | -1.5%-2.1pp | 0.6%-6.7pp | 7.3%+0.4pp | 6.9%-0.3pp | 7.1%+3.0pp | 4.2%-3.9pp | 8.1%-38.0pp | 46.1% |
| Net Margin | -5.5%-2.5pp | -3.0%-5.8pp | 2.8%+1.3pp | 1.6%-0.3pp | 1.8%-1.4pp | 3.2%+2.8pp | 0.4%-23.7pp | 24.1% |
| Return on Equity | -2.0%-1.0pp | -1.1%-2.1pp | 1.0%+0.5pp | 0.5%-0.1pp | 0.6%-0.4pp | 1.0%+0.9pp | 0.1%-7.2pp | 7.4% |
| Return on Assets | -0.8%-0.4pp | -0.4%-0.9pp | 0.4%+0.2pp | 0.2%0.0pp | 0.3%-0.2pp | 0.5%+0.4pp | 0.1%-2.7pp | 2.8% |
| Current Ratio | 1.17+0.1x | 1.100.0x | 1.12+0.2x | 0.95-0.1x | 1.03-0.1x | 1.11+0.3x | 0.77-1.6x | 2.36 |
| Debt-to-Equity | 1.01+0.1x | 0.960.0x | 0.95+0.1x | 0.860.0x | 0.85+0.1x | 0.750.0x | 0.72-0.4x | 1.16 |
| FCF Margin | -2.8%-15.3pp | 12.5%+10.0pp | 2.4%-7.9pp | 10.3%+1.6pp | 8.7%-0.4pp | 9.1%+6.8pp | 2.3%-3.1pp | 5.5% |
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Where Golden Entrtnmnt Ranks
Frequently Asked Questions
What is Golden Entrtnmnt's annual revenue?
Golden Entrtnmnt (GDEN) reported $634.9M in total revenue for fiscal year 2025. This represents a -4.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Golden Entrtnmnt's revenue growing?
Golden Entrtnmnt (GDEN) revenue declined by 4.8% year-over-year, from $666.8M to $634.9M in fiscal year 2025.
Is Golden Entrtnmnt profitable?
No, Golden Entrtnmnt (GDEN) reported a net income of -$6.0M in fiscal year 2025, with a net profit margin of -0.9%.
What is Golden Entrtnmnt's EBITDA?
Golden Entrtnmnt (GDEN) had EBITDA of $111.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Golden Entrtnmnt have?
As of fiscal year 2025, Golden Entrtnmnt (GDEN) had $55.3M in cash and equivalents against $426.6M in long-term debt.
What is Golden Entrtnmnt's gross margin?
Golden Entrtnmnt (GDEN) had a gross margin of 92.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Golden Entrtnmnt's operating margin?
Golden Entrtnmnt (GDEN) had an operating margin of 3.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Golden Entrtnmnt's net profit margin?
Golden Entrtnmnt (GDEN) had a net profit margin of -0.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Golden Entrtnmnt's return on equity (ROE)?
Golden Entrtnmnt (GDEN) has a return on equity of -1.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Golden Entrtnmnt's free cash flow?
Golden Entrtnmnt (GDEN) generated $35.6M in free cash flow during fiscal year 2025. This represents a -16.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Golden Entrtnmnt's operating cash flow?
Golden Entrtnmnt (GDEN) generated $83.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Golden Entrtnmnt's total assets?
Golden Entrtnmnt (GDEN) had $1.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Golden Entrtnmnt's capital expenditures?
Golden Entrtnmnt (GDEN) invested $47.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Golden Entrtnmnt's current ratio?
Golden Entrtnmnt (GDEN) had a current ratio of 1.17 as of fiscal year 2025, which is considered adequate.
What is Golden Entrtnmnt's debt-to-equity ratio?
Golden Entrtnmnt (GDEN) had a debt-to-equity ratio of 1.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Golden Entrtnmnt's return on assets (ROA)?
Golden Entrtnmnt (GDEN) had a return on assets of -0.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Golden Entrtnmnt's Altman Z-Score?
Golden Entrtnmnt (GDEN) has an Altman Z-Score of 1.38, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Golden Entrtnmnt's Piotroski F-Score?
Golden Entrtnmnt (GDEN) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Golden Entrtnmnt's earnings high quality?
Golden Entrtnmnt (GDEN) reported a net loss of $6.0M while generating $83.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Golden Entrtnmnt cover its interest payments?
Golden Entrtnmnt (GDEN) has an interest coverage ratio of 13.46x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Golden Entrtnmnt?
Golden Entrtnmnt (GDEN) scores 36 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.