MGM at a glance
MGM Resorts (MGM, SEC CIK 789570) filed its latest 10-K annual report on February 11, 2026, a 10-Q quarterly report on July 29, 2026, an 8-K current report on July 29, 2026 and Form 4 insider filings as recently as October 6, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), MGM Resorts (MGM) reported revenue of $17.5 billion (up 1.7% from FY2024) and net income of $205.9 million. Diluted EPS was $0.76.
- As of June 30, 2026, 38 institutional investment managers tracked by SignalX reported holding MGM Resorts (MGM) shares worth $3.4 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $17.5B
- +1.7% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 38 funds
- $3.4B · +1 vs prior quarter
- Latest 8-K
- Jul 29, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- CISO vacancy risk with CTO temporarily acting as CISO, impacting cybersecurity leadership stability
- Cybersecurity risk oversight concentrated in Audit Committee and CISO reporting, with potential delay in incident escalation
- Dependency on CISO reporting to Chief Legal and Administrative Officer, risking slower cross-functional risk communication
- Enterprise Risk Management process integrates cybersecurity, but current leadership transition may hinder timely risk assessments
Management Discussion & Analysis
- Revenue $17.54B, up 2% YoY; MGM China +11%, MGM Digital +19%, Regional +1%, Las Vegas Strip -4%
- Operating income $1.00B, down 33% YoY; Las Vegas Strip EBITDAR margin 33.9% vs 35.2%, Regional margin 30.8% vs 30.7%, MGM China margin 27.0% flat
- Best segment: MGM Digital revenue +19% to $654M with narrowing EBITDAR loss to -$90M; worst: Las Vegas Strip revenue down 4% and EBITDAR down 8%
- Operating cash flow $2.53B (+7% YoY); investing cash flow use $1.14B; financing cash flow use $1.73B; sales proceeds $1.5B+ from Mirage and Gold Strike Tunica
- Management notes impairment charges $279M including $256M on Empire City, Empire City license $52M write-down, and sale of Northfield Park in progress for $546M
Business Overview
- Core business model: Global gaming and entertainment holding company focusing on casino resorts, live entertainment, and online gaming operations
- Emphasis on online gaming growth through consolidation of LeoVegas and 50% stake in BetMGM in North America
- Strategic pivot to an asset-light model by monetizing owned real estate and redeploying capital into digital and international expansions
- Operates 16 domestic casinos, 2 Macau casinos via 56% stake in MGM China, developing integrated resort in Osaka, Japan through 50% ownership
- Noteworthy shift toward increased online and international ventures, specifically U.S. sports betting, iGaming, and expansion in Japanese market
AI summary of the MGM 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Q2 revenue $4.451B, up 1% YoY from $4.405B
- Operating income $504M, up 24% YoY; net income $323M vs $118M
- Best segment MGM Digital revenue $196M, up 20%; weakest MGM China revenue $1.101B, down 1%
- MGM China EBITDAR margin 23.3% vs 27.1%; Las Vegas margin 33.9% vs 33.6%
- Six-month operating cash flow $1.1B vs $1.2B; $396M capital expenditures and $507M Northfield Park sale proceeds
Risk Factors
- No newly added risk factors; MGM reported no material changes from its 2025 Form 10-K
- Carried-forward regulatory and compliance risks remained unchanged from the 2025 Annual Report
- Carried-forward operational, competitive, and market risks remained unchanged from the 2025 Annual Report
- Carried-forward liquidity, debt, currency, and concentration risks remained unchanged from the 2025 Annual Report
AI summary of the MGM 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results covered quarter ended June 30, 2026
- Press release issued July 29, 2026 and furnished as Exhibit 99.1
Item EX-99.1: Item EX-99.1
- 2Q26 revenue reached a record $4.5B, up 1%; Las Vegas revenue rose 3% and Segment Adjusted EBITDAR increased 3%
- Net income attributable to MGM surged to $292M from $49M, while diluted EPS rose to $1.11 from $0.18
Item 1.01: Entry into a Material Definitive Agreement
- MGM China issued $750 million of 6.25% senior notes due 2033, adding long-term debt at a fixed cash interest rate
- Approximately $739.9 million of proceeds earmarked primarily to repay revolving credit facility borrowings
Item 5.07: Submission of Matters to a Vote of Security Holders
- All 11 director nominees elected, preserving board continuity
- Paul Salem strongest support with 136.9M votes for and 219,743 against
AI summaries of MGM 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for MGM
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Meinert Todd | F | Oct 3, 2026 | 339 | $30.48 |
| Meinert Todd | M | Oct 3, 2026 | 1,389 | - |
| Fritz Gary M | F | Oct 3, 2026 | 4,892 | $30.48 |
| Meinert Todd | M | Oct 3, 2026 | 1,389 | - |
| Molino Ayesha Khanna | F | Oct 3, 2026 | 757 | $30.48 |
| Molino Ayesha Khanna | M | Oct 3, 2026 | 2,042 | - |
| Molino Ayesha Khanna | M | Oct 3, 2026 | 2,042 | - |
| Fritz Gary M | M | Oct 3, 2026 | 12,251 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $17.2B | $17.5B |
| Operating Income | - | $1.5B | $1.0B |
| Net Income | $1.1B | $746.6M | $205.9M |
| Op. Margin | - | 8.6% | 5.7% |
| Net Margin | - | 4.3% | 1.2% |
| Balance Sheet | |||
| Total Assets | $42.4B | $42.2B | $41.4B |
| Equity | - | $3.0B | $2.4B |
| ROE | - | 24.7% | 8.5% |
| Per Share | |||
| EPS | $3.19 | $2.40 | $0.76 |
| Cash Flow | |||
| Operating CF | - | $2.4B | $2.5B |
| CapEx | $931.8M | $1.2B | $1.1B |
Source: XBRL data in MGM Resorts (MGM)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate MGM share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 38 | $3.45B |
| Q1 2026 | 37 | $2.75B |
| Q4 2025 | 34 | $3.17B |
| Q3 2025 | 35 | $3.11B |
| Q2 2025 | 33 | $2.86B |
| Q1 2025 | 30 | $2.09B |
| Q4 2024 | 27 | $2.12B |
| Q3 2024 | 25 | $1.11B |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 259 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
MGM filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 6, 2026 | - | - | - |
| 4 | Oct 6, 2026 | - | - | - |
| 4 | Oct 6, 2026 | - | - | - |
| 4 | Oct 6, 2026 | - | - | - |
| 4 | Oct 6, 2026 | - | - | - |
| 4 | Oct 6, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Sep 14, 2026 | - | - | - |
| 10-Q | Jul 29, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 29, 2026 | - | Analysis | - |
| 8-K | May 14, 2026 | - | Analysis | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 8-K | May 8, 2026 | - | Analysis | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| SC 13G | Apr 30, 2026 | - | - |
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MGM SEC filings: frequently asked questions
Which institutions hold MGM stock?
As of June 30, 2026, the largest MGM Resorts (MGM) holders among the 13F filers tracked by SignalX were BlackRock ($604.3 million), Vanguard Capital Management LLC ($581.2 million), Vanguard Portfolio Management LLC ($395.2 million), State Street Corp ($337.0 million), Invesco Ltd ($256.9 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was MGM's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), MGM Resorts (MGM) reported revenue of $17.5 billion (up 1.7% from FY2024) and net income of $205.9 million. Diluted EPS was $0.76. The figures come from the XBRL data in the 10-K.
What are the main risks in MGM's latest 10-K?
In the 10-K filed February 11, 2026, MGM Resorts (MGM) flagged: CISO vacancy risk with CTO temporarily acting as CISO, impacting cybersecurity leadership stability. Cybersecurity risk oversight concentrated in Audit Committee and CISO reporting, with potential delay in incident escalation. (AI summary of the Risk Factors section.)
What did MGM report in its latest 8-K?
MGM Resorts (MGM) filed an 8-K on July 29, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q2 2026 results covered quarter ended June 30, 2026.
What are the latest MGM SEC filings?
MGM Resorts (MGM) filed its latest 10-K annual report on February 11, 2026, a 10-Q quarterly report on July 29, 2026, an 8-K current report on July 29, 2026 and a Form 4 insider filing on October 6, 2026.
What is MGM's SEC CIK number?
MGM Resorts (MGM)'s SEC Central Index Key (CIK) is 789570. EDGAR lists every MGM filing under that number.
Ask anything about MGM
The research agent reads MGM's filings, financials, insider trades and 13F holders, then answers with sources.