Welcome to our dedicated page for Vail Resorts SEC filings (Ticker: MTN), 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.
Vail Resorts SEC filings document operating results, ski-season metrics and material events for a NYSE-listed mountain resort operator with common stock traded under MTN. The company’s 8-K disclosures include quarterly results, guidance updates, Regulation FD materials, season-to-date skier visits and lift revenue metrics for its North American resorts and regional ski areas.
Filings also cover capital-structure matters, including credit agreement amendments, dividend declarations, governance items from annual meeting votes, auditor ratification and advisory compensation votes. These records describe the company’s resort economics, financing arrangements, shareholder voting outcomes and formal public-company reporting obligations.
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 reported weaker second-quarter fiscal 2026 results and cut its full-year outlook. Net income attributable to Vail Resorts was $210.0 million, down from $244.4 million a year ago, and Resort Reported EBITDA fell to $421.3 million from $459.7 million as historically poor snowfall and warmer temperatures reduced visitation and spending.
Season-to-date through March 1, total skier visits were down 11.9%, while lift revenue declined only 3.6%, reflecting support from advance pass sales. The company now expects fiscal 2026 net income of $144–$190 million and Resort Reported EBITDA of $745–$775 million, implying a midpoint Resort EBITDA margin of 26.4%, below prior expectations.
Despite weather-driven pressure, Vail Resorts highlighted strong liquidity of about $1.1 billion and Net Debt at 3.1x trailing twelve months Total Reported EBITDA. The company repurchased approximately 0.3 million shares for $45.0 million, refinanced into a new $1,275.0 million term loan at a lower rate, and declared a $2.22 per share quarterly dividend payable April 9, 2026.
Vail Resorts, Inc. (MTN) received a Schedule 13G filing showing that Oasis Management Company Ltd. and Seth Fischer beneficially own 1,851,234 shares of its common stock, representing 5.2% of the company. This stake is based on 35,775,575 shares outstanding as of December 5, 2025.
The filers report shared voting and dispositive power over all of these shares and no sole power. They certify the position was acquired and is held in the ordinary course of business and not for the purpose of changing or influencing control of Vail Resorts.
Baron Capital Group and related entities report a large ownership stake in Vail Resorts, Inc. They collectively report beneficial ownership of 4,809,928 shares of Vail Resorts common stock, representing 13.44% of the class as of 12/31/2025, on a Schedule 13G/A (Amendment No. 24).
Baron Capital Group, Inc., BAMCO Inc., Baron Capital Management, Inc., Baron Growth Fund and Ronald Baron report no sole voting or dispositive power, but shared voting power over 4,679,385 shares and shared dispositive power over 4,809,928 shares. The filing states the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Vail Resorts.
Vail Resorts, Inc. entered into a Tenth Amended and Restated Credit Agreement that replaces its existing term loan facilities with a new $1,275,000,000 senior term loan facility.
The agreement extends the revolver and term loan maturities to the earlier of five years from closing or ninety days before the maturity of its 5.625% senior notes due 2030, and lowers borrowing costs by revising the leverage-based pricing grid and removing a 0.10% credit spread adjustment on certain reference-rate loans.
Capital World Investors reported beneficial ownership of 4,312,266 shares of Vail Resorts, Inc. common stock, representing 12.1% of the class. This stake is based on 35,775,575 shares of Vail Resorts common stock believed to be outstanding.
Capital World Investors, a division of Capital Research and Management Company and its investment management affiliates, has sole voting power over 4,291,504 shares and sole dispositive power over 4,312,266 shares, with no shared voting or dispositive authority. The securities are reported as acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of Vail Resorts.
Vail Resorts executive Celeste Burgoyne reported new equity awards. As EVP and Chief Revenue Officer of Vail Resorts Inc., she received multiple grants on February 1, 2026.
These include 17,281 restricted share units that vest in one installment on February 1, 2027, plus 24,393 and 9,875 RSUs that vest in three equal annual installments starting one year after the grant date. She was also granted 38,665 share appreciation rights with an exercise price of $133.07, vesting in three equal installments beginning on the first anniversary of the grant and expiring on February 1, 2036. All awards are held directly.
Vail Resorts EVP & Chief Financial Officer Angela A. Korch reported equity award activity on February 1, 2026. A total of 408 and 473 restricted share units were converted into common stock at an exercise price of $0 per share.
To cover tax withholding on these vestings, 202 and 235 shares of common stock were withheld at $133.07 per share. After these transactions, Korch directly beneficially owned 5,349 shares of Vail Resorts common stock.
Vail Resorts executive Celeste Burgoyne has filed an initial insider ownership report showing no current holdings of company stock. The Form 3 lists Burgoyne as Executive Vice President and Chief Revenue Officer of Vail Resorts, Inc. and states that no securities are beneficially owned as of the reported date.
Vail Resorts, Inc. furnished an update on its current ski season, sharing certain ski season metrics for the season-to-date period ended January 4, 2026. The company provided this information through a press release dated January 15, 2026, which is included as Exhibit 99.1 and incorporated by reference.
The disclosure is made as a Regulation FD item, meaning it is intended to provide broad, simultaneous access to this operational update. The company also clarifies that this information, including Exhibit 99.1, is furnished rather than filed and will only be incorporated into future Securities Act registration statements if specifically identified there.