Monarch Reaches Peak $140m Q4 Revenue, $545.1m Throughout Fiscal Year

By Arijit Roul - 6 Feb, 2026 More about the author

Business, Companies

The operator’s adjusted EBITDAs reached record peaks in Q4 and FY2025. Q4 figures climbed 9.6% to $51.8m while FY2025 grew 10.4% to $180.4m.

Key Points

Monarch’s Q4 2025 net income exploded 444.9% to $22.9m. FY net income rose 39.3% to nearly $101.4m.
Casino operations topped Q4 2025 revenue at $81.2m. The sector grew 5.3%.

Financial outcomes for Q4 2025 and the full year emerged from Monarch Casino & Resort. Q4 brought in $140m revenue through 4.1% growth. FY2025 saw revenue increase 4.4% to $545.1m. Net income skyrocketed 444.9% during 2025’s fourth quarter. Monarch achieved $22.9m despite suffering a $7 m negative income impact. The company’s adjusted EBITDA established a quarterly peak. $51.8m represented 9.6% improvement.

Casino Operations Lead Strong Q4 and FY2025 Revenue Growth

Casino operations outperformed every sector in Q4 2025 revenue. $81.2m came from 5.3% year-over-year advancement. Monarch’s food & beverage and other divisions earned quarterly revenues. They collected $34.1m and $6.8m through 4.8% and 2.4% increases. Record quarterly revenue couldn’t prevent hotel operations from declining. Q4 2025 hotel revenue fell 1.9% to $17.9m. The company’s FY2025 net revenue established an all-time peak. $545.1m resulted from 4.4% growth while adjusted EBITDA hit $199.1m. EBITDA climbed 10.4% year-over-year.

FY2025 brought Monarch an $8.2m negative net income impact. The company still pushed net income 39.3% higher to $101.4m. Casino operations delivered $313.8m revenue throughout FY2025. This sector advanced 6.8% from the prior year’s results. Hotel revenues echoed their quarterly performance disappointingly. They slipped 0.2% to $76.2m annually. Food & beverage plus other operations produced FY2025 revenues. The divisions earned $130.2m and slightly over $24.9m. Year-over-year improvements measured 2.1% and 1.6%.

FY2025 income from operations approached $127.5m total. This metric jumped 37.8% annually. Q4 2025 operational income hit $29.1m. The quarterly figure multiplied 645.7%.