Monitor progress on the permanent American Place casino construction and financing, as successful execution could drive future growth. The company's ability to improve EBITDA while continuing to invest in growth projects will be key.
Price Chart
Executive Summary
Full House Resorts reported modest revenue growth in 2025, driven by strong performance at American Place and Chamonix, while maintaining liquidity through a credit facility extension. The company is progressing on its permanent American Place casino, with construction expected to begin in March/April 2026.
Key Financial Metrics
Key Facts
- Q4 2025 revenue grew 3.4% YoY to $75.4M, full-year revenue increased 3.5% to $302.4M
- Net loss widened slightly to $40.2M in 2025 from $40.7M in 2024
- Adjusted EBITDA declined 1.0% to $48.1M in 2025
- Company extended revolving credit facility maturity to August 15, 2027
- Permanent American Place casino construction expected to begin in March/April 2026
Financial Impact
Revenue growth of 3.5% but adjusted EBITDA declined 1.0% with continued net losses
Segment Breakdown
| Segment | Revenue |
|---|---|
| Midwest & South | $231.5M |
| West | $63.6M |
| Contracted Sports Wagering | $7.3M |
Risk Factors
- Continued net losses despite revenue growth
- Execution risk on permanent American Place casino construction and financing
- Dependence on temporary facilities with pending legislative extension
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000891482-26-000004 |
| Document: fll-20260303xex10d1.htm | 0000891482-26-000004 |
| Document: fll-20260303x8k.htm | 0000891482-26-000004 |
| Document: 0000891482-26-000004-index-headers.html | 0000891482-26-000004 |
| Document: 0000891482-26-000004-index.html | 0000891482-26-000004 |
| Document: 0000891482-26-000004.txt | 0000891482-26-000004 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $0.9700 | awaiting T+20 | — | $0.8415 (−13.25%) |
Apr 22, 2026 26w ago | Press Release | $2.47 $2.74 | ▲ +10.93% | ▲ +6.30% | $0.8415 (−65.93%) |
Mar 5, 2026 33w ago | 8-K | $2.68 $2.56 | ▼ −4.48% | ▼ −2.43% | $0.8415 (−68.60%) |
Mar 5, 2026 33w ago | Press Release | $2.68 $2.56 | ▼ −4.48% | ▼ −2.43% | $0.8415 (−68.60%) |
US Market Status
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