Short answer
Six Flags Entertainment Corporation/NEW (FUN) filed its fiscal 2025 10-K annual report with the SEC on Feb 26, 2026. It reported revenue of $3.1B (+14.4% year over year) and net income of −$1.6B.
- Top risk flagged: Cybersecurity incident risk with third-party providers monitored via SOC report reviews and managed through NIST Framework-based incident response plan
FY2025 key financial metrics · XBRL
- Revenue
- $3.1B
- +14.4% YoY
- Net income
- −$1.6B
- −591.8% YoY
- Operating margin
- -44.4%
- −55.8 pp YoY
- EPS (diluted)
- −$15.89
- −393.5% YoY
- ROE
- -290.9%
- −279.6 pp YoY
- Operating cash flow
- $327M
- −12.3% YoY
Source: XBRL data from the Six Flags Entertainment Corporation/NEW (FUN) FY2025 10-K on SEC EDGAR. USD.
Six Flags Entertainment Corporation/NEW FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: operation and management of regional amusement parks and water parks
- No new products, services, or segments detailed in the 2026 filing section provided
- Continued corporate governance emphasis with Code of Conduct under Sarbanes-Oxley Act compliance
- Equity compensation plans include 3,079,677 shares exercisable at average price $100.74, with 5,637,850 shares available for future issuance
- Use of incorporation by reference for key disclosures such as executive compensation, security ownership, and related party transactions in proxy statements
Management Discussion & Analysis
- Revenue $3.10B in 2025, up 14.4% YoY ($391.4M increase), driven by 5.7M attendance increase and $0.59 per capita spending rise
- Operating loss $(1.38B) in 2025 vs operating income $310.5M in 2024; net loss margin (50.0)% vs (7.6)%
- Best segment: Former Six Flags contributed $499.7M revenue (6 months in 2025), largest attendance increase 7.8M visits; Worst segment: Former Cedar Fair impacted by weather and fewer operating days, attendance down 2.1M
- Operating costs up $409.6M (20.3%), including $344.2M from Former Six Flags; depreciation up 52.9% to $486.4M; goodwill impairment loss $1.52B in 2025 vs $42.5M in 2024
- Capital allocation details not provided; management plans to accelerate profitability, optimize costs, and strengthen balance sheet via portfolio optimization and cash flow generation
Risk Factors
- Cybersecurity incident risk with third-party providers monitored via SOC report reviews and managed through NIST Framework-based incident response plan
- Geopolitical risk not specified, no disclosed direct exposure in filing
- Operational risk from reliance on external managed security service provider and internal analysts for continuous threat detection
- Competitive threat absent in cybersecurity section, no named competitor or technology disruption disclosed
- Financial risk from potential material impact of cybersecurity incidents on business strategy, results, or financial condition
Generated from the filing text; verify against the original. How to read a 10-K
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