Red Rock Resorts, Inc. (RRR) FY2025 10-K Annual Report
Red Rock Resorts, Inc. (RRR) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 20, 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.
Red Rock Resorts, Inc. FY2025 10-K Analysis
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
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%
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
Red Rock Resorts, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$2.0B
▲ +3.7% YoY
Net Income
$188M
▲ +22.1% YoY
Operating Margin
29.7%
▲ +37bp YoY
Net Margin
9.3%
▲ +140bp YoY
ROE
90.3%
▲ +1864bp YoY
Total Assets
$4.2B
▲ +3.0% YoY
EPS (Diluted)
$3.12
▲ +23.3% YoY
Operating Cash Flow
$610M
▲ +11.2% YoY
Source: XBRL data from Red Rock Resorts, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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