RRR at a glance
Red Rock Resorts, Inc. (RRR, SEC CIK 1653653) filed its latest 10-K annual report on February 20, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on August 4, 2026 and Form 4 insider filings as recently as September 2, 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), Red Rock Resorts, Inc. (RRR) reported revenue of $2.0 billion (up 3.7% from FY2024) and net income of $188.1 million. Diluted EPS was $3.12.
- As of June 30, 2026, 30 institutional investment managers tracked by SignalX reported holding Red Rock Resorts, Inc. (RRR) shares worth $1.5 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Welch Jeffrey T on September 1, 2026 of 9,000 shares at $55.88 per share.
- In the last 90 days, RRR insiders reported 0 open-market purchases ($0) and 3 open-market sales ($3.0M) on Form 4, a net sale of $3.0M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $2.0B
- +3.7% vs prior year
- Insiders · 90 days
- 0 buys · 3 sells
- Net −$3.0M
- 13F holders
- 30 funds
- $1.5B · −2 vs prior quarter
- Latest 8-K
- Aug 4, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Operates gaming resorts primarily in Nevada generating significant tax revenue for local and state governments
- No new products, services, or segments introduced or emphasized in FY2026 business section
- Continued focus on legislative risk related to potential future increases in gaming taxes by Nevada legislature
- Notable deferred tax asset of $12.1 million recorded related to outside basis difference in partnership investment as of December 31, 2025
- Emphasis on critical accounting estimates around deferred taxes and income tax uncertainty amid complex tax laws and potential future changes
Risk Factors
- Credit Agreement with $1.57B Term Loan B Facility maturing March 2031, $1.1B revolving credit maturing March 2029, interest based on Term SOFR or base rate
- $1.7B variable rate borrowings exposed to SOFR fluctuations, 1% rise would increase annual interest by $17.3M
- Supply and capital expenditure risk: $375M-$425M expected 2026 capital expenditure requirement for property operations and maintenance
- Dividend and distribution obligations totaling approximately $132.4M to Class A stockholders and noncontrolling interest holders in early 2026
- Interest rate collars on $750M notional effective April 2024 with Term SOFR cap 5.25%, floor 2.89%, maturing April 2029 to hedge variable debt exposure
Management Discussion & Analysis
- Revenue $2.011B, up 3.7% YoY from $1.939B; casino revenues +5.0% to $1.34B, room revenues -5.2% to $190.1M
- Operating income $597.4M, up 5.1% YoY from $568.7M; casino margin 73.0% vs 72.2%, food & beverage margin 17.3% vs 18.1%, room margin 66.5% vs 68.2%
- Best segment Las Vegas casino operations: casino revenues $1.34B, +5.0%, margin 73.0%; worst segment rooms: revenues down 5.2%, margin down to 66.5%
- Adjusted EBITDA $848.6M, +6.6% YoY from $795.9M; interest expense down 11.8% to $201.9M; development fees $17.6M recognized from Native American project
- Capital allocation: no explicit buybacks/dividends disclosed; capital expenditures increased depreciation/amortization to $197.4M vs $187.1M; new $36M term loan secured in Dec 2025
- Forward outlook: variable interest rates exposure noted, 1% rate increase raises interest costs ~$17.3M; renovation-related room revenue impact noted; risks from macroeconomic interest rate changes flagged
AI summary of the RRR 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
Risk Factors
- Risk Factors section not provided; no new or changed risks identifiable
- Equity repurchase authorization $900 million, with $486 million remaining through December 31, 2027
- No defaults upon senior securities reported for the quarter
- No director or executive trading-arrangement changes during the three months ended June 30, 2026
AI summary of the RRR 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
- August 4, 2026 earnings release covers Red Rock Resorts’ fiscal year 2026 results
- Full financial figures and management commentary appear in Exhibit 99.1
Item EX-99.1: Item EX-99.1
- Q2 net revenue fell 3.0% to $510.3M, while Adjusted EBITDA declined 9.3% to $208.0M
- Net income dropped 29.3% to $76.6M; attributable earnings fell to $39.1M from $56.4M
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Chief Legal Officer Jeffrey Welch retires September 8, 2026, remaining through December 31 for transition services
- Welch continues $900,000 annual salary through December 31, plus 2026 bonus and existing equity-award rights
Item 5.07: Submission of Matters to a Vote of Security Holders
- All five director nominees elected, with majority support; Frank J. Fertitta III received 493,503,377 votes
- Say-on-pay approved on an advisory basis, with 491,689,658 votes for and 8,011,727 against
AI summaries of RRR 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for RRR
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Welch Jeffrey T | Sell | Sep 1, 2026 | 9,000 | $55.88 |
| Nichols Kord | Sell | Aug 12, 2026 | 9,791 | $63.00 |
| Nichols Kord | F | Aug 11, 2026 | 17,209 | $62.15 |
| Nichols Kord | M | Aug 11, 2026 | 27,000 | - |
| Nichols Kord | M | Aug 11, 2026 | 27,000 | $24.98 |
| KREEGER SCOTT | Sell | Aug 7, 2026 | 31,159 | $61.78 |
| KREEGER SCOTT | F | Aug 6, 2026 | 143,841 | $61.95 |
| KREEGER SCOTT | M | Aug 6, 2026 | 46,400 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $1.7B | $1.9B | $2.0B |
| Operating Income | $558.7M | $568.7M | $597.4M |
| Net Income | - | $154.1M | $188.1M |
| Op. Margin | 32.4% | 29.3% | 29.7% |
| Net Margin | - | 7.9% | 9.3% |
| Balance Sheet | |||
| Total Assets | $4.0B | $4.0B | $4.2B |
| Equity | $168.8M | $215.1M | $208.3M |
| ROE | - | 71.6% | 90.3% |
| Per Share | |||
| EPS | $2.94 | $2.53 | $3.12 |
| Cash Flow | |||
| Operating CF | $494.3M | $548.3M | $609.5M |
Source: XBRL data in Red Rock Resorts, Inc. (RRR)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate RRR share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 30 | $1.49B |
| Q1 2026 | 32 | $1.27B |
| Q4 2025 | 30 | $1.36B |
| Q3 2025 | 29 | $1.18B |
| Q2 2025 | 27 | $917.9M |
| Q1 2025 | 24 | $666.7M |
| Q4 2024 | 19 | $636.0M |
| Q3 2024 | 19 | $279.2M |
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- Atlantic Union Bankshares Corp−1.2K
Source: 13F-HR filings on SEC EDGAR (aggregated from 210 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
RRR filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 2, 2026 | - | - | - |
| 4 | Aug 13, 2026 | - | - | - |
| 4 | Aug 10, 2026 | - | - | - |
| 10-Q | Aug 7, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 4, 2026 | - | Analysis | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | Jun 15, 2026 | - | - | - |
| 8-K | Jun 12, 2026 | - | Analysis | - |
| 8-K | Jun 8, 2026 | - | Analysis | |
| 4 | May 28, 2026 | - | - | |
| 10-Q | May 7, 2026 | Mar 31, 2026 | Analysis | |
| SC 13G | Apr 29, 2026 | - | - | |
| 8-K | Apr 29, 2026 | - | Analysis | - |
| 4 | Mar 20, 2026 | - | - | - |
| 4 | Mar 20, 2026 | - | - | - |
| 4 | Mar 20, 2026 | - | - | - |
| 4 | Mar 5, 2026 | - | - | - |
| 10-K | Feb 20, 2026 | Dec 31, 2025 | Analysis | |
| 4 | Feb 13, 2026 | - | - | |
| 4 | Feb 13, 2026 | - | - | |
| 4 | Feb 13, 2026 | - | - | |
| 4 | Feb 12, 2026 | - | - |
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RRR SEC filings: frequently asked questions
Are RRR insiders buying or selling?
In the last 90 days, Red Rock Resorts, Inc. (RRR) officers, directors and 10% owners reported no open-market purchases and 3 open-market sales worth $3.0 million by 3 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold RRR stock?
As of June 30, 2026, the largest Red Rock Resorts, Inc. (RRR) holders among the 13F filers tracked by SignalX were BlackRock ($476.7 million), Vanguard Portfolio Management LLC ($223.6 million), FMR LLC (Fidelity) ($177.8 million), Vanguard Capital Management LLC ($150.4 million), State Street Corp ($122.5 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was RRR's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Red Rock Resorts, Inc. (RRR) reported revenue of $2.0 billion (up 3.7% from FY2024) and net income of $188.1 million. Diluted EPS was $3.12. The figures come from the XBRL data in the 10-K.
What are the main risks in RRR's latest 10-K?
In the 10-K filed February 20, 2026, Red Rock Resorts, Inc. (RRR) flagged: Credit Agreement with $1.57B Term Loan B Facility maturing March 2031, $1.1B revolving credit maturing March 2029, interest based on Term SOFR or base rate. $1.7B variable rate borrowings exposed to SOFR fluctuations, 1% rise would increase annual interest by $17.3M. (AI summary of the Risk Factors section.)
What did RRR report in its latest 8-K?
Red Rock Resorts, Inc. (RRR) filed an 8-K on August 4, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). August 4, 2026 earnings release covers Red Rock Resorts’ fiscal year 2026 results.
What are the latest RRR SEC filings?
Red Rock Resorts, Inc. (RRR) filed its latest 10-K annual report on February 20, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on August 4, 2026 and a Form 4 insider filing on September 2, 2026.
What is RRR's SEC CIK number?
Red Rock Resorts, Inc. (RRR)'s SEC Central Index Key (CIK) is 1653653. EDGAR lists every RRR filing under that number.
Ask anything about RRR
The research agent reads RRR's filings, financials, insider trades and 13F holders, then answers with sources.