Monarch Casino & Resort, Inc. Reports First Quarter 2026 Results

RENO, Nev., April 21, 2026 – Monarch Casino & Resort, Inc. (Nasdaq: MCRI) has released its operating results for the first quarter ending March 31, 2026. Below is a summary of the key financial metrics:

Financial Highlights

For the first quarter of 2026, Monarch achieved net revenue of $136.6 million, an increase from $125.4 million in the same period last year, reflecting an 8.9% growth. Net income rose to $27.6 million, up 38.9% from $19.9 million in Q1 2025. Additionally, Adjusted EBITDA reached $49.0 million, marking a 19% increase from $41.1 million in the prior year.

CEO Insights

John Farahi, Co-Chairman and CEO, remarked, “Monarch has achieved record financial results for the first quarter. The growth in both net revenue and Adjusted EBITDA underscores our capability to sustain growth across our two properties. We have also enhanced our EBITDA margin to 35.8%, up from 32.8% year-over-year. Our focus on continuous capital investment and operational efficiency remains central to our strategy.”

Operating Results Overview

Casino revenue grew by 9.4%, while food and beverage revenue increased by 5.6%, and hotel revenue jumped by 13.5%. The increase in F&B and hotel revenues can be attributed to a greater number of rooms available at Atlantis compared to the previous year and increased business from conventions and groups during this quarter.

Expense Management

In Q1 2026, selling, general, and administrative (SG&A) expenses totaled $27.8 million, slightly up from $27.2 million the previous year, but as a percentage of net revenue, SG&A expenses decreased from 21.7% to 20.3%. Improved operational efficiencies led to a decline in casino operating costs as a percentage of revenue, decreasing from 37.7% to 36.0%.

Cash Position and Shareholder Returns

As of March 31, 2026, the company reported $120.1 million in cash and no outstanding debt. During this period, Monarch repurchased 181,258 shares for $17.6 million as part of its stock repurchase program. The company also declared a cash dividend of $0.30 per share, payable on June 15, 2026, demonstrating its commitment to returning capital to shareholders.

Looking Forward

Monarch’s strong financial position enables continued investment in its properties and potential M&A opportunities aimed at enhancing shareholder value. The company remains vigilant in assessing market conditions and operational strategies to ensure sustained growth and profitability.