Monarch Casino & Resort (MCRI) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Monarch Casino & Resort published the results on October 27, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Q3 2026 other operating items include $1.1 million of accrued interest on the judgment in the construction litigation brought by PCL Construction Services, the general contractor at Monarch Black Hawk.

Source: Monarch Casino & Resort Q3 2026 results release, October 27, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Monarch Casino & Resort splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Monarch Casino & Resort's Casino revenue was $82.8 million in Q3 2026, up 3% from $80.1 million in Q3 2025, 57% of total revenue.
• Monarch Casino & Resort's Food and beverage revenue was $34.3 million in Q3 2026, up 1% from $33.8 million in Q3 2025, 23% of total revenue.
• Monarch Casino & Resort's Hotel revenue was $22.7 million in Q3 2026, up 1% from $22.5 million in Q3 2025, 16% of total revenue.
• Monarch Casino & Resort's Other revenue was $6.5 million in Q3 2026, up 2% from $6.3 million in Q3 2025, 4% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net revenue and diluted EPS, each as first reported in that quarter's release or 10-Q.

We do not hold a confirmed date for Monarch Casino & Resort's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 27, 2026

Monarch Casino & Resort reported record Q3 2026 net revenue of $146.3 million, up 2.4% from $142.8 million. Casino revenue was $82.8 million, up 3.4%, food and beverage $34.3 million, up 1.3%, hotel $22.7 million, up 0.9%, and other revenue $6.5 million, up 2.0%. (Monarch Q3 2026 release (8-K Exhibit 99.1), Oct 27, 2026; Monarch Form 10-Q, Q3 2026, Oct 30, 2026)

Monarch owns two properties: the Atlantis Casino Resort Spa in Reno, Nevada, and Monarch Casino Resort Spa Black Hawk in Colorado. The 10-Q attributes the casino revenue increase to continued growth in visitation and gaming volume, and notes competition at Atlantis from California tribal gaming and an extremely competitive promotional environment in Northern Nevada. (Monarch Form 10-K, 2025, Feb 24, 2026; Monarch Form 10-Q, Q3 2026, Oct 30, 2026)

Monarch's food and beverage revenue rose on a 3.0% increase in revenue per cover, partly offset by a 1.7% decrease in covers. Hotel occupancy rose to 89.8% from 89.0% and the average daily rate rose to $193.08 from $192.09, putting hotel RevPAR at $184.22 against $183.42. (Monarch Form 10-Q, Q3 2026, Oct 30, 2026)

Monarch earned $1.76 per diluted share in Q3 2026, up 4.1% from $1.69, on net income of $32.0 million, up 1.4%. Income from operations rose to $41.3 million from $38.2 million, helped by depreciation and amortization falling to $10.8 million from $14.1 million as assets from the 2020 hotel tower opening at Monarch Black Hawk became fully depreciated. (Monarch Q3 2026 release (8-K Exhibit 99.1), Oct 27, 2026; Monarch Form 10-Q, Q3 2026, Oct 30, 2026)

Monarch's provision for income taxes rose to $10.1 million from $7.2 million, about 24.0% of pre-tax income against 18.5% a year earlier, which held net income growth below operating income growth. Monarch does not report an adjusted EPS figure; its non-GAAP measure is Adjusted EBITDA, $56.0 million, up 2.1%, which excludes stock-based compensation and the construction litigation costs. (Monarch Q3 2026 release (8-K Exhibit 99.1), Oct 27, 2026)

Monarch's diluted share count fell to 18,148 thousand from 18,736 thousand. It repurchased 300,859 shares for $37 million in the quarter. It also paid a $0.30 quarterly dividend, $5.3 million in total, and had 670,644 shares left under its 3,000,000-share authorization. (Monarch Q3 2026 release (8-K Exhibit 99.1), Oct 27, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Monarch Casino & Resort does not publish a revenue or earnings outlook in its release. It declared a $0.30 per share dividend payable December 15, 2026, part of an annual dividend of $1.20 per share, and ended the quarter with $137.4 million of cash and no borrowings against its credit facility. (Monarch Q3 2026 release (8-K Exhibit 99.1), Oct 27, 2026)

A consensus figure is the average of the models published by the analysts who cover Monarch Casino & Resort, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Monarch Casino & Resort's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning MCRI is on is MCRI a buy or a sell?, what analysts expect next is on the MCRI forecast, and what the company does is on the Monarch Casino & Resort (MCRI) stock page.

Every number on this page can be traced to a document Monarch Casino & Resort published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.