Full House Resorts (NASDAQ:FLL) Announces Quarterly Earnings Results

Full House Resorts (NASDAQ:FLL) announced its quarterly earnings data on Thursday. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.07), FiscalAI reports. The company had revenue of $78.06 million during the quarter, compared to the consensus estimate of $78.42 million. Full House Resorts had a negative net margin of 12.06% and a negative return on equity of 971.29%.

Here are the key takeaways from Full House Resorts’ conference call:

• Positive Sentiment: Consolidated revenue increased 5.6% and adjusted EBITDA rose 19.5%, led by the American Place and Chamonix properties.
• Positive Sentiment: American Place posted another record quarter, with revenue up 13.4% to $34.8 million and property EBITDA up 13.8% to $10.1 million. Management said July was its second-best gaming-revenue month and expects further growth ahead of the permanent casino.
• Positive Sentiment: Chamonix revenue rose nearly 12% and property EBITDA improved from a $1.2 million loss a year ago to roughly breakeven, supported by more targeted marketing, stronger VIP play, and new casino-host and management hires. Management sees substantial longer-term upside as hotel occupancy and high-end gaming improve.
• Positive Sentiment: The company secured approvals to operate the American Place temporary facility through February 2029 and amended its Waukegan development agreement to retain the structure for up to five years after the permanent casino opens, potentially allowing it to become an event or entertainment venue.
• Negative Sentiment: The refinancing remains unfinished despite substantial legal progress, with management targeting completion in the third quarter. The permanent Waukegan casino is now more likely to open around the third quarter of 2028, and financing costs are expected to be in the high-single-digit range, with some components potentially reaching low double digits.

Full House Resorts Trading Up 11.0%

Shares of FLL stock traded up $0.24 during trading hours on Friday, reaching $2.43. The company’s stock had a trading volume of 267,670 shares, compared to its average volume of 105,481. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 187.23. Full House Resorts has a one year low of $2.02 and a one year high of $4.29. The stock has a market capitalization of $88.11 million, a P/E ratio of -2.38 and a beta of 1.24. The firm’s fifty day simple moving average is $2.59 and its 200 day simple moving average is $2.52.

Institutional Trading of Full House Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new position in Full House Resorts during the 1st quarter valued at $54,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Full House Resorts during the 2nd quarter valued at about $328,000. Marshall Wace LLP bought a new stake in shares of Full House Resorts during the 2nd quarter valued at about $681,000. Jump Financial LLC bought a new stake in shares of Full House Resorts during the 2nd quarter valued at about $233,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Full House Resorts during the second quarter valued at about $247,000. Hedge funds and other institutional investors own 37.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FLL shares. Weiss Ratings raised shares of Full House Resorts from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 31st. Citigroup reissued a “market outperform” rating on shares of Full House Resorts in a research report on Friday. Citizens Jmp decreased their price objective on shares of Full House Resorts from $4.00 to $3.00 and set a “market outperform” rating on the stock in a research report on Friday. Finally, Wall Street Zen downgraded shares of Full House Resorts from a “hold” rating to a “sell” rating in a research note on Saturday. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $3.50.

Key Stories Impacting Full House Resorts

Here are the key news stories impacting Full House Resorts this week:

• Positive Sentiment: Full House reported second-quarter revenue of approximately $78.1 million, up 5.6% year over year, while gross profit increased 5.1% to $40.4 million. American Place posted record results, providing evidence of continued operating momentum. Full House Resorts Lifts Revenue 5.6% as American Place Sets Records
• Positive Sentiment: Management said Chamonix could generate annual EBITDA of $30 million to $40 million once fully ramped. The company also expects to complete a refinancing in the third quarter, which could improve liquidity and reduce balance-sheet pressure if successful. Full House Resorts Targets Chamonix EBITDA and Refinancing
• Positive Sentiment: Citizens JMP maintained a “market outperform” rating, indicating confidence in potential upside despite lowering its price target from $4.00 to $3.00. Citizens JMP Price Target Update
• Neutral Sentiment: The company’s earnings call focused on property-level growth and the planned refinancing, offering investors additional detail on how management expects to improve profitability. Full House Resorts Q2 2026 Earnings Call Transcript
• Negative Sentiment: Full House posted a net loss attributable to common shareholders of $8.7 million, or $0.24 per diluted share, versus the $0.17 loss analysts expected. Revenue also came in slightly below consensus, and the company ended the quarter with $33.4 million in cash and approximately $643.4 million in total liabilities. Full House Resorts Q2 2026 Earnings

About Full House Resorts

Full House Resorts, Inc (NASDAQ: FLL) is a gaming, lodging and entertainment company headquartered in Summerfield, Nevada. Founded in 1987, the company designs, develops and operates casino resorts and ancillary hospitality facilities in multiple U.S. markets. Its business model emphasizes regional gaming properties that combine slot machines, table games, hotel accommodations and live entertainment to serve a broad customer base.

The company’s property portfolio spans five states, including Bronco Billy’s Casino & Hotel and Grand Lodge Casino in Black Hawk, Colorado; Silver Slipper Casino Hotel and Harlow’s Casino Resort in Mississippi; Running Aces Harness Park & Casino in Minnesota; Rising Star Casino Resort in Indiana; and Stockman’s Casino in Nevada.