Monarch Casino & Resorts reports higher net revenue and net income in Q3 2026
Net revenue $146.3M; $37M buybacks and $5.3M in dividends in the quarter
Key Takeaways
- Monarch reported net revenue of $146.3 million in Q3 2026, up 2.4% year-on-year.
- Net income for the quarter was $32 million, a 1.4% increase versus Q3 2025, while adjusted EBITDA rose to $56 million.
- Year-to-date through September, net revenue reached $425.4 million and adjusted EBITDA totaled $158 million.
- The company repurchased 300,859 shares for $37 million and paid $5.3 million in quarterly dividends in Q3 2026.
- Monarch ended the quarter with a cash balance of $137.4 million and cites disciplined operations across Northern Nevada and Colorado resorts.
Monarch Casino & Resorts published its financial results for the third quarter ended September 30, 2026, reporting growth in net revenue, net income and adjusted EBITDA. The company recorded net revenue of $146.3 million in the quarter, an increase of 2.4% versus $142.8 million in the same period of 2025.
Quarterly and year-to-date results
Net income attributable to the company rose 1.4% year-on-year to $32 million, from $31.6 million in Q3 2025. Adjusted EBITDA reached $56 million, representing an improvement of 2.1% versus $54.8 million in the comparable period.
On a year-to-date basis through the calendar period, Monarch showed broader expansion. Net revenue totaled $425.4 million, up 5% from $405.1 million in the first nine months of the prior year. Year-to-date net income advanced 17.4% to $92.1 million, from $78.4 million, and adjusted EBITDA grew 7.3% to $158 million, versus $147.3 million.
Capital and shareholder returns
John Farahi, Co-Chairman and Chief Executive Officer of Monarch, explained the company’s strategy:
"We remain focused on delivering market-leading offerings and services, while maintaining operational efficiency. We remain committed to technology and other strategic capital investments that enhance both properties and set the standard for luxury casino resorts in Northern Nevada and Colorado."
Farahi also highlighted Monarch’s capital-allocation policy, which combines share buybacks and cash dividends. During the third quarter of 2026, the company repurchased 300,859 common shares in open-market transactions for a total of $37 million. In addition, it distributed $5.3 million to shareholders via its quarterly cash dividend. Monarch closed the period with a cash balance of $137.4 million.
Operational focus
The company attributes the gains to a disciplined operating model across its regional resort properties. Monarch balances continuous facility improvements with share repurchases and dividend distributions to reinforce shareholder value in competitive markets of Northern Nevada and Colorado.
Company financial results and press releases and an update on its resort properties on the casino page.
Frequently Asked Questions
How much did Monarch earn in Q3 2026?
Monarch reported net revenue of $146.3 million for the quarter ended September 30, 2026, a 2.4% increase from $142.8 million in Q3 2025.
What were Monarch’s net income and adjusted EBITDA in Q3 2026?
Net income attributable to the company was $32 million in Q3 2026, up 1.4% from $31.6 million in 2025, and adjusted EBITDA was $56 million, a 2.1% increase year-on-year.
What share buybacks did Monarch execute in the quarter?
During Q3 2026, Monarch repurchased 300,859 common shares in open-market transactions for a total of $37 million.
What was Monarch’s cash position at the end of the period?
Monarch closed the period with a cash balance of $137.4 million, according to the quarterly report for the period ended September 30, 2026.
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Emilio Navarro
Industry Technology Correspondent
Emilio Navarro covers the cross-cutting technology and business of iGaming — platforms, data and AI, compliance tooling, affiliate marketing, financial results, and the stories that fit no single rubric. The reports open with the announcement, cite vendors and figures exactly as published, and keep a healthy distance from press-release language. When a supplier unveils a new engine or the advertising rulebook changes, Emilio Navarro reports what genuinely changes.
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