Welcome to our dedicated page for Churchill Downs SEC filings (Ticker: CHDN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Churchill Downs Incorporated filings document operating results, governance votes, and capital actions for a public gaming, wagering, and racing company. Its 8-K reports furnish quarterly and annual results, segment information, leverage, dividends, venue openings, and other material events tied to live and historical racing, TwinSpires wagering, and regional casino gaming.
Proxy and annual-meeting disclosures cover director elections, auditor ratification, and advisory votes on executive compensation. Material-event filings also address Regulation FD disclosures, share repurchase authorization, capital-structure matters, and formal reporting controls around furnished earnings releases.
Vanguard Capital Management reports beneficial ownership of common stock of Churchill Downs Inc. as of June 30, 2026. Vanguard and certain affiliated entities collectively beneficially own 3,495,021 shares, representing 5.01% of the outstanding common stock.
Vanguard has sole voting power over 506,080 shares and sole dispositive power over 3,495,021 shares, with no shared voting or dispositive power reported. The position includes securities held by various Vanguard funds and managed accounts for which Vanguard or its affiliates exercise voting and/or dispositive authority, but no other individual person has an interest in more than 5% of the class through these holdings.
Churchill Downs Incorporated reported stronger Q2 2026 results. Net revenue rose to $980 million from $934 million, driven mainly by Live and Historical Racing, which benefited from a record‑breaking Derby Week. Net income attributable to the company increased to $241 million from $217 million, with diluted EPS at $3.42 versus $2.99. Adjusted EBITDA grew to $477 million from $451 million, led by higher contributions from all three operating segments.
For the first half of 2026, net revenue reached $1,643 million and Adjusted EBITDA $734 million. Operating cash flow was $512 million, supporting capital spending of $117 million and substantial debt reduction; net debt declined to $4,110 million from $5,067 million at year‑end. The company maintained $861 million of revolver capacity, held $295 million in cash and restricted cash, and had $430 million remaining under its July 2025 share repurchase authorization while advancing projects such as Rockingham Grand Casino.
Churchill Downs Incorporated reported strong second‑quarter 2026 results, with all‑time record net revenue of $980 million and record Adjusted EBITDA of $477 million, up $46 million (5%) and $26 million (6%), respectively, from the prior‑year quarter. Net income attributable to CDI rose to $241 million, an 11% increase, and diluted EPS was $3.42 versus $2.99.
Live and Historical Racing led performance, generating $575 million of revenue and $318 million of Adjusted EBITDA, driven by record Kentucky Derby Week wagering, media, ticketing, and sponsorships and strong Kentucky and Virginia HRM venues. Wagering Services and Solutions revenue grew to $178 million, Gaming to $270 million, and equity investments delivered higher income. Net bank leverage stood at 3.7x, operating cash flow for the first half reached $512 million, and 2026 capital spending is planned at $180–220 million, including projects at Churchill Downs Racetrack and the Rockingham Grand Casino.
Churchill Downs Incorporated reported that it has completed a comprehensive review of its operational portfolio and long-term capital allocation priorities. Following this review, the company is exploring options to sell several wholly owned regional gaming properties across multiple states.
The properties under evaluation include Calder Casino in Florida, Terre Haute Casino Resort in Indiana, Hard Rock Hotel & Casino in Iowa, Oxford Casino Hotel in Maine, Ocean Downs Casino and Racetrack in Maryland, Harlow’s Casino Resort and Spa and Riverwalk Casino Hotel in Mississippi, del Lago Resort and Casino in New York, and Presque Isle Downs and Casino in Pennsylvania. The company cautions that there is no assurance any transaction will occur, has set no timetable for the process, and highlights customary risks in forward-looking statements, including potential impacts on relationships, costs, litigation, and market conditions.
GRISSOM DOUGLAS C reported acquisition or exercise transactions in this Form 4 filing.
Churchill Downs Inc director Douglas C. Grissom received a grant of 383.48 phantom share units tied to the company’s common stock. These units were awarded in connection with an election to defer compensation and each phantom unit is economically equivalent to one share of common stock.
The shares of common stock underlying these units will be delivered when Grissom completes his service as a director. Following this award, his directly held mix of restricted stock units, phantom share units and related dividend equivalents totals 43,005.77 share-equivalent units.
Churchill Downs Inc director Richard Alex Rankin received an equity grant tied to his 2026 board service. He acquired 2,257 shares of Common Stock through a grant of restricted stock units, with no cash price per share. These restricted stock units will vest one year from the anniversary of the April 21, 2026 grant date, and each unit is the economic equivalent of one share of common stock. The closing price of CHDN common stock on April 21, 2026 was used to determine the number of units granted. Following this award, Rankin directly holds a total of 101,468.17 shares, including restricted stock units and dividends credited on those units, with the equivalent shares from vested units to be transferred when he completes his service as a director.
HARRINGTON DANIEL P reported acquisition or exercise transactions in this Form 4 filing.
Churchill Downs Inc director Daniel P. Harrington received an equity award of 2,257 shares of common stock as compensation for 2026 director service. The award is structured as restricted stock units that vest one year from the anniversary of the grant date and are economically equivalent to common shares.
After this grant, Harrington directly holds 126,086.18 shares of common stock and indirectly holds 1,145,352 shares through TVI Corp., including restricted stock units and dividends awarded on those units. The equivalent shares related to vested units will be transferred when he completes his service as a director.
Churchill Downs Inc director Douglas C. Grissom reported an acquisition of 2,257 restricted stock units of common stock on April 21, 2026. The units were granted for 2026 director service and will vest one year from the grant’s anniversary date.
Each restricted stock unit is the economic equivalent of one share of common stock. After this grant, Grissom directly holds a total of 42,622.29 shares, including restricted stock units and related dividend equivalents, with the vested shares to be delivered when his service as a director ends.
VARGA PAUL C reported acquisition or exercise transactions in this Form 4 filing.
Churchill Downs Inc director Paul C. Varga received a grant of restricted stock units tied to his 2026 board service. The award covers 2,257 units of common stock, granted at no cash cost to him as equity compensation, not an open‑market purchase.
The units will vest one year from the anniversary of the April 21, 2026 grant date, with each unit economically equal to one share of common stock. After this award, Varga beneficially owns 35,556.5 shares of Churchill Downs common stock, including previously granted and dividend-related restricted stock units that will deliver shares when his board service ends.
Lloyd Karole reported acquisition or exercise transactions in this Form 4 filing.
Churchill Downs Inc director Lloyd Karole received 2,257 shares of restricted common stock as 2026 director compensation. The award was granted at no cash cost and is scheduled to vest one year from the grant date anniversary, when the restrictions will lapse.
After the grant, Karole directly holds a total of 40,316.84 shares, including restricted stock, restricted stock units granted for director service, and related dividends. Shares underlying vested restricted stock units will be delivered when Karole’s service as a director ends.