Full House Resorts (NASDAQ:FLL) Announces Earnings Results

Full House Resorts (NASDAQ:FLL) announced its earnings results on Thursday. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.07), FiscalAI reports. The firm had revenue of $78.06 million during the quarter, compared to analysts’ expectations of $78.42 million. Full House Resorts had a negative net margin of 12.06% and a negative return on equity of 971.29%.

Here are the key takeaways from Full House Resorts’ conference call:

• Positive Sentiment: Consolidated revenue increased 5.6% and adjusted EBITDA rose 19.5%, led by the American Place and Chamonix properties.
• Positive Sentiment: American Place posted another record quarter, with revenue up 13.4% to $34.8 million and property EBITDA up 13.8% to $10.1 million. Management said July was its second-best gaming-revenue month and expects further growth ahead of the permanent casino.
• Positive Sentiment: Chamonix revenue rose nearly 12% and property EBITDA improved from a $1.2 million loss a year ago to roughly breakeven, supported by more targeted marketing, stronger VIP play, and new casino-host and management hires. Management sees substantial longer-term upside as hotel occupancy and high-end gaming improve.
• Positive Sentiment: The company secured approvals to operate the American Place temporary facility through February 2029 and amended its Waukegan development agreement to retain the structure for up to five years after the permanent casino opens, potentially allowing it to become an event or entertainment venue.
• Negative Sentiment: The refinancing remains unfinished despite substantial legal progress, with management targeting completion in the third quarter. The permanent Waukegan casino is now more likely to open around the third quarter of 2028, and financing costs are expected to be in the high-single-digit range, with some components potentially reaching low double digits.

Full House Resorts Trading Up 11.0%

FLL traded up $0.24 on Friday, reaching $2.43. 267,670 shares of the company traded hands, compared to its average volume of 105,481. The company has a market cap of $88.11 million, a P/E ratio of -2.38 and a beta of 1.24. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 187.23. Full House Resorts has a one year low of $2.02 and a one year high of $4.29. The firm has a fifty day simple moving average of $2.59 and a two-hundred day simple moving average of $2.52.

Hedge Funds Weigh In On Full House Resorts

A number of institutional investors have recently modified their holdings of FLL. HRT Financial LP bought a new stake in shares of Full House Resorts during the fourth quarter valued at approximately $27,000. Jane Street Group LLC bought a new position in Full House Resorts in the first quarter worth approximately $54,000. Tower Research Capital LLC TRC increased its holdings in Full House Resorts by 570.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 15,708 shares of the company’s stock worth $57,000 after purchasing an additional 13,366 shares during the period. Occudo Quantitative Strategies LP bought a new stake in Full House Resorts during the 2nd quarter valued at $60,000. Finally, Quadrature Capital Ltd bought a new stake in Full House Resorts during the 4th quarter valued at $89,000. 37.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FLL has been the subject of a number of recent analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of Full House Resorts in a research note on Friday. Wall Street Zen lowered shares of Full House Resorts from a “hold” rating to a “sell” rating in a research report on Saturday. Citizens Jmp decreased their price objective on shares of Full House Resorts from $4.00 to $3.00 and set a “market outperform” rating for the company in a research note on Friday. Finally, Weiss Ratings raised shares of Full House Resorts from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 31st. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $3.50.

Key Stories Impacting Full House Resorts

Here are the key news stories impacting Full House Resorts this week:

• Positive Sentiment: Full House reported second-quarter revenue of approximately $78.1 million, up 5.6% year over year, while gross profit increased 5.1% to $40.4 million. American Place posted record results, providing evidence of continued operating momentum. Full House Resorts Lifts Revenue 5.6% as American Place Sets Records
• Positive Sentiment: Management said Chamonix could generate annual EBITDA of $30 million to $40 million once fully ramped. The company also expects to complete a refinancing in the third quarter, which could improve liquidity and reduce balance-sheet pressure if successful. Full House Resorts Targets Chamonix EBITDA and Refinancing
• Positive Sentiment: Citizens JMP maintained a “market outperform” rating, indicating confidence in potential upside despite lowering its price target from $4.00 to $3.00. Citizens JMP Price Target Update
• Neutral Sentiment: The company’s earnings call focused on property-level growth and the planned refinancing, offering investors additional detail on how management expects to improve profitability. Full House Resorts Q2 2026 Earnings Call Transcript
• Negative Sentiment: Full House posted a net loss attributable to common shareholders of $8.7 million, or $0.24 per diluted share, versus the $0.17 loss analysts expected. Revenue also came in slightly below consensus, and the company ended the quarter with $33.4 million in cash and approximately $643.4 million in total liabilities. Full House Resorts Q2 2026 Earnings

Full House Resorts Company Profile

Full House Resorts, Inc (NASDAQ: FLL) is a gaming, lodging and entertainment company headquartered in Summerfield, Nevada. Founded in 1987, the company designs, develops and operates casino resorts and ancillary hospitality facilities in multiple U.S. markets. Its business model emphasizes regional gaming properties that combine slot machines, table games, hotel accommodations and live entertainment to serve a broad customer base.

The company’s property portfolio spans five states, including Bronco Billy’s Casino & Hotel and Grand Lodge Casino in Black Hawk, Colorado; Silver Slipper Casino Hotel and Harlow’s Casino Resort in Mississippi; Running Aces Harness Park & Casino in Minnesota; Rising Star Casino Resort in Indiana; and Stockman’s Casino in Nevada.