Monarch Casino & Resorts Reports Q3 2026 Revenue and Income Growth
Net revenue $146.3m in quarter; $425.4m year-to-date with active buybacks and dividends.
Key Takeaways
- Monarch reported Q3 2026 net revenue of $146.3 million, up 2.4% year‑on‑year.
- Net income for Q3 2026 was $32.0 million, a 1.4% increase from Q3 2025.
- Adjusted EBITDA rose to $56.0 million in Q3 2026, up 2.1% from $54.8 million.
- Year‑to‑date through September 30, 2026, net revenue reached $425.4 million and net income was $92.1 million.
- Monarch repurchased 300,859 shares in Q3 2026 for $37.0 million and paid $5.3 million in dividends, finishing the quarter with $137.4 million cash.
Monarch Casino & Resorts posted net revenue of $146.3 million for the third quarter ending September 30, 2026, a 2.4% rise from $142.8 million in Q3 2025. Net income increased 1.4% to $32.0 million from $31.6 million, and adjusted EBITDA was $56.0 million, up 2.1% from $54.8 million. The company also reported year-to-date expansion on the first nine months of the calendar year.
Quarterly and year-to-date figures
For the nine months to September 30, 2026, Monarch recorded net revenue of $425.4 million, a 5.0% increase from $405.1 million in the comparable 2025 period. Net income rose 17.4% to $92.1 million from $78.4 million, and adjusted EBITDA climbed 7.3% to $158.0 million from $147.3 million. The company referenced record-breaking performance in the second quarter as part of the year-to-date build.
Capital allocation and balance sheet
John Farahi, Co-Chairman and Chief Executive Officer of Monarch Casino & Resorts, described the company’s priorities for capital deployment:
“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.” — John Farahi
Farahi also highlighted active returns to shareholders through both share repurchases and cash dividends. During Q3 2026 the company bought 300,859 shares of common stock in open market transactions for a total of $37.0 million. Monarch paid $5.3 million in its quarterly cash dividend and closed the period with a cash position of $137.4 million.
Operations and market focus
Monarch described its operations as a disciplined model across its regional resort properties in Northern Nevada and Colorado. The company balanced ongoing property enhancements with share buybacks and dividend distributions while navigating competitive regional gaming markets. The quarterly report appears in the company release covering the third quarter ending September 30, 2026; additional company commentary accompanied the results on the investor call.
For the company’s announcement and related coverage see this news release and details on its resort operations in casino.
Frequently Asked Questions
What were Monarch’s net revenue and net income in Q3 2026?
Monarch reported net revenue of $146.3 million and net income of $32.0 million for the third quarter ending September 30, 2026. Net revenue rose 2.4% from $142.8 million in Q3 2025 and net income increased 1.4% from $31.6 million.
How did Monarch’s adjusted EBITDA perform in Q3 2026?
Adjusted EBITDA for Q3 2026 was $56.0 million, a 2.1% increase from $54.8 million in the same quarter of 2025. Year-to-date adjusted EBITDA reached $158.0 million, up 7.3% from $147.3 million.
What shareholder returns did Monarch execute in Q3 2026?
Monarch repurchased 300,859 shares in open market transactions for a total of $37.0 million during Q3 2026 and paid $5.3 million in its quarterly cash dividend. The company closed the quarter with $137.4 million in cash.
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Oliver Grant
Industry Technology Correspondent
Oliver Grant covers the technology and business machinery of iGaming — platform and data deals, AI and compliance tooling, affiliate and marketing shifts, and the quarterly numbers behind them. The reports lead with the announcement, name the vendors and figures exactly as published, and separate genuine capability from press-release promise. When a supplier ships a new engine or a regulator tightens ad rules, Oliver Grant explains what actually changes for the companies involved.
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