Every 10-Q that Vail Resorts (MTN) 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 MTN 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 MTN filings page.
Vail Resorts reported lower results for the quarter ended April 30, 2026, as weak Western U.S. snowfall hurt visitation. Total net revenue was $1.21 billion versus $1.30 billion a year earlier. Net income attributable to Vail Resorts declined to $314.4 million, with diluted EPS of $8.81 versus $10.46.
Resort Reported EBITDA fell to $586.4 million from $647.7 million, as skier visits dropped 15.5%. This was partly offset by a $25.1 million increase in North American pass revenue and tight cost control, including lower labor and variable expenses. For the nine months, net income attributable to Vail Resorts was $337.7 million versus $460.9 million.
The company ended the quarter with $371.4 million of cash and cash equivalents and $5.69 billion of total assets. It repaid $525.0 million of 0.0% Convertible Notes using a new $1.275 billion term loan and cash, and generated $582.7 million of operating cash flow year-to-date. Quarterly dividends were $2.22 per share, and pass sales for the 2026/2027 season were down in units but only modestly lower in dollars.
Vail Resorts, Inc. reported softer second‑quarter results for the three months ended January 31, 2026, as historically low snowfall in the western U.S. reduced visitation and non‑pass spending. Total net revenue was $1.08 billion versus $1.14 billion a year earlier, and net income attributable to Vail Resorts fell to $210.0 million from $244.4 million.
Mountain segment net revenue declined to $1.01 billion, with skier visits down 12.5%, but strong advance pass sales limited lift revenue decline to 2.9% and raised effective ticket price by 11%. Mountain Reported EBITDA decreased to $422.2 million, and Resort Reported EBITDA (Mountain plus Lodging) declined to $421.3 million.
The company generated $575.9 million in operating cash flow in the first six months, funded $146.6 million of capital spending, paid $158.9 million in dividends at $4.44 per share, and repurchased $45.0 million of stock. Vail ended the quarter with $384.7 million of cash and $2.93 billion of total debt, including a $1.16 billion term loan and newly issued $500.0 million 5.625% Notes, and fully repaid its $575.0 million 0.0% Convertible Notes. The company also recorded immaterial revisions to prior‑period financials and disclosed a subsequent refinancing that replaces and extends its main term loan facility.
Vail Resorts (MTN) reported a wider seasonal loss but higher revenue for the quarter ended October 31, 2025. Total net revenue rose to $271.0M from $260.3M, driven mainly by the Mountain segment, where net revenue increased 6.9% to $185.2M on stronger Australian ski performance and higher lift, ski school, and retail/rental revenue. Resort net revenue (Mountain plus Lodging) reached $270.9M.
The company posted a net loss attributable to Vail Resorts of $186.8M, versus $173.3M a year earlier, with basic and diluted loss per share at $5.20 compared with $4.62. Total Reported EBITDA was a seasonal loss of $128.2M, slightly worse than the prior year. Lodging Reported EBITDA declined to $2.9M as summer group demand softened, while Real Estate Reported EBITDA was $11.5M, down from $15.1M.
Operating cash flow improved to $315.9M from $282.7M, and cash and cash equivalents increased to $581.5M. Long-term and current debt totaled $3.17B, including $525.0M of 0.0% Convertible Notes due in early 2026, which the company may refinance using its expanded credit facilities and 5.625% notes. Vail paid a quarterly cash dividend of $2.22 per share and approved another dividend at the same rate, and it has authorization remaining to repurchase about 1.54 million shares, though no shares were repurchased in the quarter. The company also revised prior-period financials for immaterial errors related to interest and depreciation without changing overall trends.