Red Rock resumes buybacks, adds Native American revenue; operating income falls 6.9%

Filed May 7, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 8, 2025 · ~1 min read

Key Changes

• high

  Operating income declined 6.9% to $143.7M as SG&A expenses jumped 9.2% and depreciation rose 15.6%, outpacing 1.9% revenue growth. Margin pressure driven by employee costs and Native American management expenses.

  MD&A: Operating Results verify on EDGAR →
• high

  Company entered $425M completion guaranty for North Fork Project, capping contingent funding if tribal construction costs exceed $750M credit facility. Management states funding not probable.

  MD&A: North Fork Project verify on EDGAR →
• high

  Resumed share repurchases with $38.3M deployed in Q1 2026 (635,657 shares at $60.32 avg) after zero buybacks in Q1 2025. Board raised authorization to $900M through Dec 2027; $486M remains available.

  MD&A: Capital Allocation verify on EDGAR →