Q1 results show steady improvement but no guidance was provided. The key catalyst to watch is the June 2026 amphitheater opening — strong ticket sales for headline acts could drive significant visitation and revenue upside in Q2/Q3. Monitor the 10-Q filing for additional detail on joint venture performance and cash flow trends.
Price Chart
Executive Summary
Canterbury Park reported Q1 2026 net income of $170K ($0.03 EPS) vs a net loss of $299K ($0.06 loss) in Q1 2025, with revenue up 2.8% to $13.5M. Adjusted EBITDA rose 36% to $2.8M, driven by higher casino visitation and food/beverage growth, though table games hold was unusually low in March. The company remains debt-free with $17M liquidity and highlighted real estate development progress, including the upcoming amphitheater opening in June 2026.
Key Financial Metrics
Key Facts
- Q1 2026 net income of $170K vs net loss of $299K in Q1 2025
- Diluted EPS of $0.03 vs ($0.06) in prior year period
- Net revenues increased 2.8% to $13.5M from $13.1M
- Adjusted EBITDA rose 35.6% to $2.8M from $2.1M
- Casino revenue up 0.5%, Food & beverage up 13.8%, Other revenue up 12.5%
- Pari-mutuel revenue declined 5.6% due to fewer simulcast races
- Operating expenses flat at $12.5M; labor costs reduced 4%
- Company is debt-free with $17M+ liquidity ($3.34/share)
- 19,000-capacity amphitheater operated by Live Nation opens June 2026 with 40+ concerts scheduled
- Real estate joint ventures: residential occupancy at 84%, office building 80% leased
Financial Impact
Revenue $13.5M, net income $170K, Adjusted EBITDA $2.8M. No guidance provided.
Risk Factors
- Unusually low table games hold in March may not recur, but volatility in casino revenue is a risk
- Real estate development carries execution risk and depends on market conditions in the Twin Cities metro area
- Pari-mutuel revenue continues to decline due to structural industry trends
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3292297 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 11, 2026 11w ago | Press Release | $15.69 $15.99 | ▲ +1.91% | ▲ +3.81% | $15.75 (+0.38%) |
Jun 4, 2026 20w ago | 8-K | $15.70 $15.99 | ▲ +1.85% | ▲ +3.22% | $15.75 (+0.32%) |
May 11, 2026 24w ago | Press Release | $15.96 $15.78 | ▼ −1.13% | ▲ +0.60% | $15.75 (−1.32%) |
Apr 24, 2026 26w ago | DEFA14A | $15.66 $15.95 | ▲ +1.85% | ▼ −2.17% | $15.75 (+0.57%) |
Mar 11, 2026 32w ago | Press Release | $15.43 $15.69 | ▲ +1.69% | ▼ −0.28% | $15.75 (+2.08%) |
US Market Status
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