Learn about our editorial standards →
Monarch Casino & Resorts has released its financial results for the third quarter ending September 30, 2026, posting steady growth across net revenue, net income, and adjusted EBITDA. During the quarter, the company generated net revenue of $146.3 million, marking a 2.4 per cent increase compared to $142.8 million in the corresponding period of 2025.
Net income also experienced positive movement, rising 1.4 per cent year-on-year to $32 million up from $31.6 million, while adjusted EBITDA reached $56 million, reflecting a 2.1 per cent improvement from $54.8 million.
On a cumulative calendar year-to-date basis, financial metrics demonstrated broader expansion. Net revenue reached $425.4 million, representing a 5 per cent increase from $405.1 million during the first nine months of the previous year. Net income advanced 17.4 per cent to $92.1 million compared to $78.4 million, and adjusted EBITDA grew 7.3 per cent to $158 million from $147.3 million, building upon record-breaking performance previously recorded in the second quarter.
Commitment to strategic capital investments and shareholder returns
John Farahi, Co-Chairman and Chief Executive Officer of Monarch, commented on the quarter’s strategic direction:
“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 further highlighted the company’s robust capital allocation strategy, noting active capital returns to stockholders through both share repurchases and cash dividends. During the third quarter of 2026, Monarch purchased 300,859 shares of common stock in open market transactions for a total investment of $37 million. Additionally, the company distributed $5.3 million to stockholders through its quarterly cash dividend, maintaining a strong balance sheet to close out the period with a solid cash position of $137.4 million.
Sustaining operational excellence
The steady financial progression underscores Monarch’s disciplined operational model across its premier regional resort properties. By balancing continuous property enhancements with disciplined share buybacks and dividend distributions, the operator continues to reinforce shareholder value while navigating competitive regional gaming markets in Colorado and Northern Nevada.
