Monarch Casino & Resort Achieves Record Q1 Revenue

By Tamara Parker • Wednesday, April 23 10:05 • Permanent Link

Monarch Casino & Resort, Inc. (NASDAQ: MCRI) recently announced its first quarter financial results for 2025. The company reported a 3.1% increase in net revenue, reaching a first quarter record of $125.4 million compared to $121.7 million in the same period in 2024. Net income also saw a notable 8.7% increase, rising to $19.9 million from $18.3 million in the first quarter of the previous year.

Adjusted EBITDA, a key performance metric, stood at $41.1 million, indicating a 6.7% increase from $38.5 million in the first quarter of 2024. This growth in adjusted EBITDA underscores the company's effective operating strategies and its ability to drive sustained growth.

The operating margin for the first quarter improved by 110 basis points over the same period in the prior year, reaching a record 32.8%. Monarch's CEO highlighted the company's focus on implementing new technologies and processes to enhance operating efficiencies and guest satisfaction.

In terms of revenue breakdown, casino revenue experienced a significant 5.0% increase, while food and beverage (F&B) and hotel revenue decreased by 0.5% and 0.4% respectively, compared to the previous year.

The company's selling, general, and administrative (SG&A) expenses remained relatively stable at $27.2 million in the first quarter of 2025, compared to $27.1 million in the same period in 2024. Notably, as a percentage of net revenue, SG&A expenses decreased to 21.7% from 22.3% in the corresponding prior-year period.

Monarch's strong balance sheet and free cash flow enabled it to fund capital expenditures of $16 million in the first quarter of 2025. The company paid a cash dividend of $0.30 per share to its stockholders of record as of March 1, 2025, funded from operating cash flow.

Looking ahead, the company declared a cash dividend of $0.30 per share, payable on June 15, 2025, to stockholders of record as of June 1, 2025. This forms a part of the previously announced annual cash dividend of $1.20 per share, subject to quarterly review and evaluation by the company’s board of directors.

Following these announcements, the company's shares moved 3.0%, and are now trading at a price of $78.33. For more information, read the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.