Monitor Q3 2026 for continued table games momentum and any legislative progress on sports betting or purse enhancements in Minnesota, which could unlock value from the $2M+ purse overpayment receivable. The $11/share cash and TIF position provides a floor, but the stock's low liquidity and lack of guidance limit near-term catalysts.
Price Chart
Executive Summary
Canterbury Park reported Q2 2026 net revenue of $16.2M (+3.2% YoY) and a net loss of $148K ($-0.03 EPS), improving from a $327K loss in Q2 2025. Adjusted EBITDA grew 29.3% to $2.6M, driven by table games growth and expense discipline, though results included a $419K impairment charge for prior horseracing purse overpayments. The company highlighted $19M in cash and over $20M in TIF receivables, with joint ventures beginning to generate consistent cash flow, but no guidance was provided and the stock remains a low-volatility value play with a $80M market cap.
Key Financial Metrics
Key Facts
- Net revenue $16.2M, +3.2% YoY
- Net loss $148K vs $327K loss in Q2 2025
- Adjusted EBITDA $2.6M, +29.3% YoY
- EPS $-0.03 vs $-0.06 in Q2 2025
- Impairment charge of $419K for horseracing purse overpayments
- Casino revenue +1.5%, Pari-mutuel +2.6%, Food & Beverage +19.6% YoY
- Cash $19M, TIF receivables >$20M, 5.2M shares outstanding
- Joint ventures generating ~$73K/quarter cash flow
Financial Impact
Net loss improved $179K YoY; Adjusted EBITDA up $597K; $419K impairment charge
Risk Factors
- Impairment risk on remaining $1.6M horseracing purse overpayments if no legislative action
- Dependence on discretionary consumer spending for casino and food & beverage revenue
- Joint venture losses from depreciation and interest may persist until 2027 stabilization
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3343143 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 11, 2026 10w ago | Press Release | $15.69 $15.99 | ▲ +1.91% | ▲ +3.81% | $15.78 (+0.57%) |
Jun 4, 2026 20w ago | 8-K | $15.70 $15.99 | ▲ +1.85% | ▲ +3.22% | $15.78 (+0.51%) |
May 11, 2026 24w ago | Press Release | $15.96 $15.78 | ▼ −1.13% | ▲ +0.60% | $15.78 (−1.13%) |
Apr 24, 2026 26w ago | DEFA14A | $15.66 $15.95 | ▲ +1.85% | ▼ −2.17% | $15.78 (+0.77%) |
Mar 11, 2026 32w ago | Press Release | $15.43 $15.69 | ▲ +1.69% | ▼ −0.28% | $15.78 (+2.27%) |
US Market Status
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