This page shows Red Rock Resorts Inc (RRR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Red Rock Resorts Inc has an operating margin of 29.7%, meaning the company retains $30 of operating profit per $100 of revenue. This strong profitability earns a score of 88/100, reflecting efficient cost management and pricing power. This is up from 29.3% the prior year.
Red Rock Resorts Inc's revenue grew a modest 3.7% year-over-year to $2.0B. This slow but positive growth earns a score of 40/100.
Red Rock Resorts Inc has elevated debt relative to equity (D/E of 16.22), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Red Rock Resorts Inc's current ratio of 0.79 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 10/100, which could limit financial flexibility.
Red Rock Resorts Inc has a free cash flow margin of 14.4%, earning a moderate score of 61/100. The company generates positive cash flow after capital investments, but with room for improvement.
Red Rock Resorts Inc earns a strong 90.3% return on equity (ROE), meaning it generates $90 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 71.6% the prior year.
Red Rock Resorts Inc scores 1.53, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Red Rock Resorts Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Red Rock Resorts Inc generates $3.24 in operating cash flow ($609.5M OCF vs $188.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Red Rock Resorts Inc earns $3.0 in operating income for every $1 of interest expense ($597.4M vs $201.9M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Red Rock Resorts Inc generated $2.0B in revenue in fiscal year 2025. This represents an increase of 3.7% from the prior year.
Red Rock Resorts Inc's EBITDA was $794.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.2% from the prior year.
Red Rock Resorts Inc reported $188.1M in net income in fiscal year 2025. This represents an increase of 22.1% from the prior year.
Red Rock Resorts Inc earned $3.12 per diluted share (EPS) in fiscal year 2025. This represents an increase of 23.3% from the prior year.
Cash & Balance Sheet
Red Rock Resorts Inc generated $290.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 9.9% from the prior year.
Red Rock Resorts Inc held $142.5M in cash against $3.4B in long-term debt as of fiscal year 2025.
Margins & Returns
Red Rock Resorts Inc's operating margin was 29.7% in fiscal year 2025, reflecting core business profitability. This is up 0.4 percentage points from the prior year.
Red Rock Resorts Inc's net profit margin was 9.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.4 percentage points from the prior year.
Red Rock Resorts Inc's ROE was 90.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 18.6 percentage points from the prior year.
Capital Allocation
Red Rock Resorts Inc spent $79.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 1915.1% from the prior year.
Red Rock Resorts Inc invested $319.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 12.4% from the prior year.
RRR Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $511.8M+7.6% | $475.6M-9.6% | $526.3M+5.7% | $497.9M+0.4% | $495.7M+5.9% | $468.0M-3.8% | $486.4M-0.5% | $488.9M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $111.7M-1.0% | $112.9M+0.7% | $112.0M+7.0% | $104.7M-2.2% | $107.1M-1.8% | $109.0M-2.0% | $111.3M+6.2% | $104.8M |
| Operating Income | $143.6M+9.2% | $131.5M-21.7% | $168.0M+8.9% | $154.4M+8.5% | $142.3M+8.9% | $130.6M-6.8% | $140.2M-9.8% | $155.5M |
| Interest Expense | $49.6M-1.7% | $50.5M-0.3% | $50.6M-0.9% | $51.1M-9.0% | $56.2M-3.2% | $58.0M+1.0% | $57.4M+0.4% | $57.2M |
| Income Tax | $11.3M+70.7% | $6.6M-58.4% | $15.9M+24.3% | $12.8M+18.7% | $10.8M+34.0% | $8.1M-31.7% | $11.8M+87.9% | $6.3M |
| Net Income | $44.7M+5.7% | $42.3M-25.1% | $56.4M+26.0% | $44.7M-3.9% | $46.6M+60.9% | $29.0M-18.8% | $35.7M-16.7% | $42.8M |
| EPS (Diluted) | N/A | $0.68-28.4% | $0.95+26.7% | $0.75 | N/A | $0.48-18.6% | $0.59-13.2% | $0.68 |
RRR Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.2B+1.7% | $4.1B+1.6% | $4.0B-1.3% | $4.1B+1.0% | $4.0B+1.3% | $4.0B-0.5% | $4.0B+0.8% | $4.0B |
| Current Assets | $286.8M+7.1% | $267.7M-6.7% | $286.9M-1.7% | $291.9M-1.2% | $295.4M+10.6% | $267.0M-6.6% | $285.9M+3.8% | $275.3M |
| Cash & Equivalents | $142.5M+9.8% | $129.8M-10.6% | $145.2M-3.6% | $150.6M-8.4% | $164.4M+39.9% | $117.5M-13.9% | $136.4M+5.2% | $129.7M |
| Inventory | $17.9M+9.2% | $16.4M+3.2% | $15.9M-2.4% | $16.3M-0.6% | $16.4M-2.7% | $16.9M+8.6% | $15.5M-2.8% | $16.0M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $195.7M0.0% | $195.7M0.0% | $195.7M0.0% | $195.7M0.0% | $195.7M0.0% | $195.7M0.0% | $195.7M0.0% | $195.7M |
| Total Liabilities | $3.8B+1.8% | $3.8B+0.8% | $3.7B+0.5% | $3.7B-0.6% | $3.7B-0.4% | $3.8B-0.9% | $3.8B-0.2% | $3.8B |
| Current Liabilities | $363.2M+1.2% | $358.9M+11.3% | $322.4M+2.1% | $315.6M-2.9% | $325.2M+24.5% | $261.2M-14.5% | $305.3M-0.5% | $306.9M |
| Long-Term Debt | $3.4B+2.0% | $3.3B-1.1% | $3.3B+0.2% | $3.3B-0.4% | $3.4B-2.0% | $3.4B+0.1% | $3.4B-0.3% | $3.4B |
| Total Equity | $208.3M-5.1% | $219.6M+8.0% | $203.4M-17.7% | $247.1M+14.9% | $215.1M+22.5% | $175.5M+10.4% | $159.0M+17.5% | $135.2M |
| Retained Earnings | $207.7M-4.7% | $218.0M+7.5% | $202.8M-10.1% | $225.6M+15.2% | $195.8M+19.3% | $164.2M+9.4% | $150.1M+16.1% | $129.3M |
RRR Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $156.6M-7.0% | $168.3M+6.2% | $158.4M+25.5% | $126.2M-14.8% | $148.2M+13.1% | $131.0M-8.1% | $142.5M+12.7% | $126.5M |
| Capital Expenditures | $78.9M-15.8% | $93.7M+19.9% | $78.2M+14.6% | $68.2M+154.0% | $26.9M-66.6% | $80.3M+2.2% | $78.6M-19.9% | $98.1M |
| Free Cash Flow | $77.7M+4.1% | $74.6M-7.1% | $80.3M+38.4% | $58.0M-52.2% | $121.4M+139.4% | $50.7M-20.7% | $64.0M+125.4% | $28.4M |
| Investing Cash Flow | -$79.5M+15.3% | -$93.8M-567.6% | $20.1M+121.7% | -$92.5M-158.5% | -$35.8M+64.5% | -$100.9M-18.6% | -$85.1M+14.9% | -$100.0M |
| Financing Cash Flow | -$64.4M+28.4% | -$89.9M+51.1% | -$183.9M-287.7% | -$47.4M+27.6% | -$65.5M-33.6% | -$49.1M+3.3% | -$50.7M-47.7% | -$34.3M |
| Dividends Paid | $15.4M+3.1% | $14.9M-80.0% | $74.5M+367.4% | $15.9M+7.8% | $14.8M+0.3% | $14.8M-0.1% | $14.8M-80.1% | $74.1M |
| Share Buybacks | $48.2M | $0 | N/A | N/A | $0 | $0 | N/A | N/A |
RRR Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 28.1%+0.4pp | 27.7%-4.3pp | 31.9%+0.9pp | 31.0%+2.3pp | 28.7%+0.8pp | 27.9%-0.9pp | 28.8%-3.0pp | 31.8% |
| Net Margin | 8.7%-0.2pp | 8.9%-1.8pp | 10.7%+1.7pp | 9.0%-0.4pp | 9.4%+3.2pp | 6.2%-1.1pp | 7.3%-1.4pp | 8.8% |
| Return on Equity | 21.4%+2.2pp | 19.2%-8.5pp | 27.7%+9.6pp | 18.1%-3.5pp | 21.7%+5.2pp | 16.5%-5.9pp | 22.4%-9.2pp | 31.7% |
| Return on Assets | 1.1%+0.0pp | 1.0%-0.4pp | 1.4%+0.3pp | 1.1%-0.1pp | 1.1%+0.4pp | 0.7%-0.2pp | 0.9%-0.2pp | 1.1% |
| Current Ratio | 0.79+0.0 | 0.75-0.1 | 0.89-0.0 | 0.92+0.0 | 0.91-0.1 | 1.02+0.1 | 0.94+0.0 | 0.90 |
| Debt-to-Equity | 16.22+1.1 | 15.08-1.4 | 16.47+2.9 | 13.53-2.1 | 15.60-3.9 | 19.50-2.0 | 21.51-3.8 | 25.36 |
| FCF Margin | 15.2%-0.5pp | 15.7%+0.4pp | 15.3%+3.6pp | 11.7%-12.8pp | 24.5%+13.7pp | 10.8%-2.3pp | 13.2%+7.4pp | 5.8% |
Note: The current ratio is below 1.0 (0.79), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Red Rock Resorts Inc's annual revenue?
Red Rock Resorts Inc (RRR) reported $2.0B in total revenue for fiscal year 2025. This represents a 3.7% 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 Red Rock Resorts Inc's revenue growing?
Red Rock Resorts Inc (RRR) revenue grew by 3.7% year-over-year, from $1.9B to $2.0B in fiscal year 2025.
Is Red Rock Resorts Inc profitable?
Yes, Red Rock Resorts Inc (RRR) reported a net income of $188.1M in fiscal year 2025, with a net profit margin of 9.3%.
What is Red Rock Resorts Inc's EBITDA?
Red Rock Resorts Inc (RRR) had EBITDA of $794.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Red Rock Resorts Inc have?
As of fiscal year 2025, Red Rock Resorts Inc (RRR) had $142.5M in cash and equivalents against $3.4B in long-term debt.
What is Red Rock Resorts Inc's operating margin?
Red Rock Resorts Inc (RRR) had an operating margin of 29.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Red Rock Resorts Inc's net profit margin?
Red Rock Resorts Inc (RRR) had a net profit margin of 9.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Red Rock Resorts Inc's return on equity (ROE)?
Red Rock Resorts Inc (RRR) has a return on equity of 90.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Red Rock Resorts Inc's free cash flow?
Red Rock Resorts Inc (RRR) generated $290.5M in free cash flow during fiscal year 2025. This represents a 9.9% 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 Red Rock Resorts Inc's operating cash flow?
Red Rock Resorts Inc (RRR) generated $609.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Red Rock Resorts Inc's total assets?
Red Rock Resorts Inc (RRR) had $4.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Red Rock Resorts Inc's capital expenditures?
Red Rock Resorts Inc (RRR) invested $319.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Red Rock Resorts Inc's current ratio?
Red Rock Resorts Inc (RRR) had a current ratio of 0.79 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Red Rock Resorts Inc's debt-to-equity ratio?
Red Rock Resorts Inc (RRR) had a debt-to-equity ratio of 16.22 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Red Rock Resorts Inc's return on assets (ROA)?
Red Rock Resorts Inc (RRR) had a return on assets of 4.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Red Rock Resorts Inc's Altman Z-Score?
Red Rock Resorts Inc (RRR) has an Altman Z-Score of 1.53, 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 Red Rock Resorts Inc's Piotroski F-Score?
Red Rock Resorts Inc (RRR) has a Piotroski F-Score of 6 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Red Rock Resorts Inc's earnings high quality?
Red Rock Resorts Inc (RRR) has an earnings quality ratio of 3.24x, considered cash-backed (high quality). 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 Red Rock Resorts Inc cover its interest payments?
Red Rock Resorts Inc (RRR) has an interest coverage ratio of 3.0x, meaning it can adequately 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 Red Rock Resorts Inc?
Red Rock Resorts Inc (RRR) scores 50 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.