Every 10-Q that Canterbury Park Holding Corporation 'New' (CPHC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CPHC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CPHC filings page.
Canterbury Park Holding Corporation reported modestly higher revenue but mixed profitability for the six months ended June 30, 2026. Total net revenues were $29.68 million, up 3.0% from 2025, driven mainly by stronger casino and food and beverage activity and more live race days.
Casino revenue rose to $18.87 million, while pari-mutuel revenue was roughly flat and other revenue was weighed down by fewer concert events. Operating expenses increased 2.2%, including a $419,493 impairment tied to prior purse overpayments and higher real estate taxes, partially offset by lower advertising and marketing.
Equity-method real estate joint ventures continued to generate sizable non-cash losses, with a $2.27 million loss from equity investments in the first half. After interest income and taxes, the company earned net income of $21,803 year-to-date and recorded a small second-quarter net loss of $148,074.
Liquidity remains solid: cash, cash equivalents, and restricted cash totaled $19.45 million, up from $15.82 million at year-end 2025, with no borrowings on a $5 million revolver. Adjusted EBITDA improved to $5.45 million for the first half, a 31.8% increase, reflecting stronger core operations despite development-related losses.
Canterbury Park Holding Corporation reported Q1 2026 net revenues of $13.5M, up 2.8% from Q1 2025, driven mainly by higher food and beverage and other event-related revenues, while Casino revenue was roughly flat and pari-mutuel revenue declined modestly.
The company generated net income of $0.17M versus a loss of $0.30M a year earlier, with basic and diluted EPS of $0.03 compared to $(0.06). Adjusted EBITDA increased to $2.85M from $2.10M, reflecting stronger operating performance.
Canterbury ended the quarter with $16.4M in cash, cash equivalents, and restricted cash and no borrowings on its $5.0M revolving line of credit. The balance sheet shows total assets of $113.5M, including a TIF receivable of about $20.3M and $5.2M in equity investments tied to real estate joint ventures that continue to generate accounting losses but lower than in the prior year.
Canterbury Park Holding Corporation reported Q3 results. Net revenues were $18,314,701 with net income of $487,283 (basic and diluted EPS $0.10). For the nine months, net revenues were $47,122,067 and net loss was $139,333 (EPS $(0.03)).
Casino revenue declined in Q3 to $8,925,116 from $9,878,660, reflecting lower table game collections, while food & beverage grew to $3,507,789. Pari-mutuel revenue was $3,236,032. Adjusted EBITDA was $2,813,619 in Q3 and $6,626,104 year-to-date, down from the prior year.
Other loss was driven by equity method losses of $936,264 in Q3 and $3,899,029 year-to-date, tied to real estate joint ventures, with “investee losses in excess of equity investment” at $7,347,057. Cash, cash equivalents, and restricted cash were $16,989,884, and there were no borrowings on the $5,000,000 revolving line. A TIF receivable totaled $20,161,264. The company declared a Q3 cash dividend of $0.07 per share. Shares outstanding were 5,099,272 as of November 6, 2025.
Canterbury Park Holding Corp — Form 10-Q (Quarter ended June 30, 2025)
The Company reported total assets $114.93M and total stockholders' equity $83.60M at June 30, 2025. Cash, cash equivalents and restricted cash totaled $18.383M at June 30, 2025. Total consolidated net revenues for the six months ended June 30, 2025 were $28.807M (down 4.9% vs. 2024). The Company recorded a net loss of $626,616 for the six months (basic and diluted loss per share $0.12). Operating cash provided was $7.756M for the six months.
Material balance sheet and other items:
- TIF receivable of $19.819M as of June 30, 2025.
- Equity investment balance $5.812M and investee losses in excess of equity investment $6.853M at June 30, 2025; loss from equity investments $2.963M for six months.
- Revolving credit line maximum $5.0M after 2024 amendment; outstanding balance $0 at June 30, 2025.
- Indemnity obligations related to Doran joint ventures up to $7.5M (Doran I) and $1.0M (Doran II).