Monarch Casino & Resort reported third-quarter net revenue of $146.3 million, up 2.4% from the same period in 2025. The company's October 27 results also show net income of $32 million, a 1.4% increase, while diluted earnings per share rose 4.1% to $1.76.
Adjusted EBITDA increased 2.1% to $56 million and the margin was 38.3%. Casino revenue grew 3.4%, food-and-beverage revenue advanced 1.3% and hotel revenue increased 0.9% across the operator's two properties in Nevada and Colorado. Selling, general and administrative expense rose to $29 million from $27.5 million.
Monarch ended September with $137.4 million in cash and no borrowings against its credit facility. The company spent $37 million repurchasing 300,859 shares during the quarter and paid $5.3 million in dividends, while capital expenditure of $9.7 million covered maintenance, new gaming equipment and adjacent land with a building in Reno.
A CDC Gaming review independently matches the modest revenue, profit and EBITDA gains. Monarch also declared a quarterly dividend of $0.30 per share, payable on December 15 to shareholders of record on December 1.
