Six Flags Entertainment Corporation/NEW (FUN) FY2025 10-K Annual Report
Six Flags Entertainment Corporation/NEW (FUN) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 26, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Six Flags Entertainment Corporation/NEW FY2025 10-K Analysis
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
Six Flags Entertainment Corporation/NEW FY2025 Key Financial MetricsXBRL
Revenue
$3.1B
▲ +14.4% YoY
Net Income
-$1.6B
▼ -591.8% YoY
Operating Margin
-44.4%
▼ -5581bp YoY
Net Margin
-51.6%
▼ -4305bp YoY
ROE
-290.9%
▼ -27955bp YoY
Total Assets
$7.8B
▼ -14.6% YoY
EPS (Diluted)
$-15.89
▼ -393.5% YoY
Operating Cash Flow
$327M
▼ -12.3% YoY
Source: XBRL data from Six Flags Entertainment Corporation/NEW FY2025 10-K filing on SEC EDGAR. All figures in USD.
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