FLL · Full House Resorts Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $302.38M | $292.06M | $241.06M | $163.28M | $180.16M | $125.59M |
| Cost of Revenue | $20.20M | $22.68M | - | - | - | - |
| Gross Profit | $282.18M | $269.38M | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $109.71M | $104.12M | $85.75M | $59.71M | $59.97M | $47.59M |
| Total Operating Expenses | $248.73M | $238.13M | $242.22M | $150.60M | $142.60M | $115.11M |
| D&A | $42.61M | $42.10M | $31.09M | $7.93M | $7.22M | $7.67M |
| Operating Income | $3.12M | $2.75M | ($1.16M) | $12.68M | $37.55M | $10.48M |
| Interest Expense | $42.74M | $43.20M | $22.98M | $22.99M | $9.82M | $9.82M |
| Income Tax | $530.0K | $221.0K | $1.15M | ($31.0K) | $435.0K | ($92.0K) |
| Net Income | ($40.20M) | ($40.67M) | ($24.90M) | ($14.80M) | $11.71M | $147.0K |
| EPS - Basic | ($1.12) | ($1.16) | ($0.72) | ($0.43) | $0.36 | $0.01 |
| EPS - Diluted | ($1.12) | ($1.16) | ($0.72) | ($0.43) | $0.33 | $0.01 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $40.67M | $40.22M | $36.16M | $56.59M | $88.72M | $37.70M |
| Accounts Receivable | $3.67M | $5.10M | $5.33M | $4.08M | $4.69M | $4.90M |
| Inventory | $1.98M | $2.09M | $1.84M | $1.48M | $1.66M | $1.51M |
| Accounts Payable | $8.07M | $9.19M | $12.79M | $4.60M | $8.41M | $4.19M |
| Current Assets | $53.00M | $53.41M | $84.64M | $202.92M | $275.37M | $46.57M |
| Total Assets | $649.81M | $673.33M | $688.46M | $595.33M | $473.84M | $212.62M |
| Current Liabilities | $73.54M | $67.45M | $78.55M | $65.66M | $38.05M | $24.25M |
| Long-term Debt | $473.65M | $468.14M | $465.15M | $401.85M | $301.62M | $106.83M |
| Total Liabilities | $647.27M | $632.84M | $610.61M | $495.54M | $361.13M | $155.94M |
| Stockholders' Equity | $2.54M | $40.50M | $77.85M | $99.79M | $112.72M | $56.68M |
| Retained Earnings | ($115.48M) | ($75.29M) | ($34.62M) | ($9.71M) | $5.09M | ($6.61M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $9.97M | $13.85M | $22.34M | $4.38M | $29.50M | $8.99M |
| Investing Cash Flow | ($10.32M) | ($45.67M) | ($198.76M) | ($172.11M) | ($37.22M) | ($2.62M) |
| Financing Cash Flow | $801.0K | ($1.50M) | $59.03M | $93.62M | $235.31M | $1.48M |
| CapEx | $12.65M | $52.58M | $148.59M | $170.94M | $36.99M | $2.64M |
| Free Cash Flow | ($2.68M) | ($38.74M) | ($126.24M) | ($166.56M) | ($7.49M) | $6.35M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 93.3% | 92.2% | - | - | - | - |
| Operating margin | 1.0% | 0.9% | -0.5% | 7.8% | 20.8% | 8.3% |
| EBITDA margin | 15.1% | 15.4% | 12.4% | 12.6% | 24.9% | 14.4% |
| Net margin | -13.3% | -13.9% | -10.3% | -9.1% | 6.5% | 0.1% |
| Free cash flow margin | -0.9% | -13.3% | -52.4% | -102.0% | -4.2% | 5.1% |
| FCF / Net income | 0.07 | 0.95 | 5.07 | 11.25 | -0.64 | 43.22 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 36.3% | 35.6% | 35.6% | 36.6% | 33.3% | 37.9% |
| Effective tax rate | - | - | - | - | 3.6% | -167.3% |
| Return on assets | -6.2% | -6.0% | -3.6% | -2.5% | 2.5% | 0.1% |
| Return on equity | -1583.8% | -100.4% | -32.0% | -14.8% | 10.4% | 0.3% |
| Return on invested capital | 0.5% | 0.4% | -0.2% | 2.0% | 8.7% | 6.4% |
| Liquidity | ||||||
| Current ratio | 0.72 | 0.79 | 1.08 | 3.09 | 7.24 | 1.92 |
| Quick ratio | 0.69 | 0.76 | 1.05 | 3.07 | 7.19 | 1.86 |
| Cash ratio | 0.55 | 0.60 | 0.46 | 0.86 | 2.33 | 1.55 |
| Leverage | ||||||
| Debt / Equity | 186.62 | 11.56 | 5.98 | 4.03 | 2.68 | 1.88 |
| Debt / Assets | 0.73 | 0.70 | 0.68 | 0.68 | 0.64 | 0.50 |
| Debt / EBITDA | 10.36 | 10.44 | 15.54 | 19.50 | 6.74 | 5.89 |
| Interest coverage | 0.1x | 0.1x | -0.1x | 0.6x | 3.8x | 1.1x |
| Equity multiplier | 256.03 | 16.63 | 8.84 | 5.97 | 4.20 | 3.75 |
| Liabilities / Assets | 1.00 | 0.94 | 0.89 | 0.83 | 0.76 | 0.73 |
| Efficiency | ||||||
| Asset turnover | 0.47 | 0.43 | 0.35 | 0.27 | 0.38 | 0.59 |
| Inventory turnover | 10.22 | 10.86 | - | - | - | - |
| Days sales outstanding | 4d | 6d | 8d | 9d | 10d | 14d |
| Days inventory outstanding | 36d | 34d | - | - | - | - |
| Days payable outstanding | 146d | 148d | - | - | - | - |
| Cash conversion cycle | -106d | -108d | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | 36.7x | 393.0x |
| P / B | 37.1x | 3.5x | 2.4x | 2.6x | 3.8x | 1.9x |
| P / S | 0.3x | 0.5x | 0.8x | 1.6x | 2.3x | 0.9x |
| EV / EBITDA | 11.5x | 12.7x | 20.5x | 29.3x | 14.2x | 9.8x |
| Growth | ||||||
| Revenue growth (YoY) | 3.5% | 21.2% | 47.6% | -9.4% | 43.5% | -24.1% |
| Revenue CAGR (3y) | 22.8% | 17.5% | 24.3% | -0.4% | 3.8% | -8.0% |
| Revenue CAGR (5y) | 19.2% | 12.0% | 8.4% | 0.2% | 4.3% | 0.2% |
| Gross profit growth (YoY) | 4.7% | - | - | - | - | - |
| Operating income growth (YoY) | 13.6% | - | - | -66.2% | 258.5% | 68.5% |
| Net income growth (YoY) | 1.2% | -63.3% | -68.2% | - | 7863.3% | - |
| EPS growth (YoY) | 3.4% | -61.1% | -67.4% | - | 3200.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 93.1% | 69.3% | 24.2% | -2124.7% | - | 166.8% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -93.7% | -48.0% | -22.0% | -11.5% | 98.9% | 1.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$302.38M totalMidwest And South$231.46M · 76.5%
West$63.65M · 21.0%
Contracted Sports Wagering$7.27M · 2.4%
Product / service
$302.38M totalCasino$230.26M · 76.2%
Food And Beverage$39.30M · 13.0%
Other Operations$16.79M · 5.6%
Hotel$16.02M · 5.3%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
0.31
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Hotels & Motels
Comparing FULL HOUSE RESORTS INC against the 5 most active filers in the same SIC group.