Monarch Casino Q1 earnings jump 39% on revenue growth and lower depreciation

Filed April 30, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 2, 2025 · ~1 min read

Key Changes

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  Net income rose 38.9% to $27.6M ($1.52/share) in Q1 2026 vs. $19.9M ($1.05/share) in Q1 2025, driven by 8.9% revenue growth to $136.6M and improved operating margins across all segments.

  MD&A: Financial Results verify on EDGAR →
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  Depreciation expense fell $2.7M (20.5%) to $10.5M as Monarch Black Hawk hotel tower assets became fully depreciated in Q4 2025, providing a material non-cash earnings boost.

  MD&A: Depreciation verify on EDGAR →
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  Company repurchased $17.7M of stock in Q1 2026, a new capital allocation action not present in prior year, bringing total cash returned to shareholders to $23.1M including dividends.

  MD&A: Cash Flows verify on EDGAR →