Every 10-Q that Mgm Resorts (MGM) 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 MGM 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 MGM filings page.
MGM Resorts International reported modest top-line growth but sharply higher profitability for the quarter ended June 30, 2026. Revenue was $4.45 billion, up 1% year over year, and six‑month revenue reached $8.91 billion, up 3%. Net income attributable to MGM rose to $292 million for the quarter and $418 million year‑to‑date, largely driven by a $255 million gain on the sale of MGM Northfield Park operations, partially offset by a $111 million goodwill impairment in the MGM Digital segment. Consolidated Adjusted EBITDA was $610 million for the quarter and $1.19 billion for the first half, both slightly below the prior year.
Las Vegas Strip Resorts grew revenue 3% in the quarter, helped by higher table games win and food and beverage, though RevPAR softened to $224. Regional Operations revenue declined 4% due to the Northfield divestiture, while same‑store trends were more stable. MGM China revenue was roughly flat in the quarter and up 4% year‑to‑date, but Segment Adjusted EBITDAR margin compressed to 23.3% from 27.1%, reflecting higher branding fees and payroll. MGM Digital revenue increased 20% in the quarter, though it continued to post Segment Adjusted EBITDAR losses.
Liquidity remains significant, with $2.55 billion in cash and cash equivalents and $6.10 billion of principal long‑term debt at June 30, 2026. MGM also carries substantial lease obligations, including $23.88 billion of operating lease liabilities and approximately $1.8 billion of expected cash rent over the next twelve months. The company repurchased about 7 million shares for $253 million year‑to‑date, leaving $1.4 billion authorized capacity. A major forward commitment is MGM Osaka, where an estimated remaining funding obligation of JPY335.9 billion (approximately $2.1 billion) is expected to be contributed through 2028.
MGM Resorts International reported softer profitability on higher first-quarter revenue. Net revenues for the three months ended March 31, 2026 rose 4% to $4.45 billion, driven by a 9% increase at MGM China, 43% growth at MGM Digital, and 2% growth in Regional Operations, while Las Vegas Strip Resorts were flat.
Operating income declined to $301 million from $385 million, and net income fell to $174.8 million from $226.7 million, with diluted EPS decreasing to $0.48 from $0.51. The company cited higher gaming taxes at MGM China, a $46 million increase in self‑insurance reserves, lower business interruption insurance proceeds related to the September 2023 cybersecurity issue, and higher payroll costs.
Consolidated Adjusted EBITDA declined to $580 million from $637 million. MGM completed the April 2026 sale of MGM Northfield Park operations for $546 million, which also reduces annual cash rent by $53 million. As of March 31, 2026, MGM held $2.3 billion in cash and cash equivalents and $6.4 billion of long‑term debt, and had repurchased about 2 million shares for $90 million, leaving $1.5 billion remaining under its April 2025 buyback authorization.
MGM Resorts International reported Q3 2025 results with net revenue of $4.25 billion, up 2% year over year, but posted an operating loss of $113 million driven by a $256 million goodwill impairment tied to Empire City and $93 million in write‑downs within property transactions. Net loss attributable to MGM was $285 million (loss per share $1.05) versus earnings of $0.61 a year ago.
MGM China grew revenue 17% and MGM Digital rose 23%, offset by a 7% decline at Las Vegas Strip Resorts. Operating cash flow for the nine months was strong at $1.87 billion, supporting $711 million of share repurchases (about 22 million shares). Cash and cash equivalents were $2.13 billion and long‑term debt, net, was $6.16 billion, with the $2.3 billion revolver undrawn.
Strategically, MGM agreed in October 2025 to sell the operations of MGM Northfield Park for $546 million in cash, with an expected $53 million reduction in annual cash rent upon closing, subject to regulatory approvals. Shares outstanding were 273,506,440 as of October 27, 2025.