Full House Resorts Inc (FLL)

Full House Resorts, Inc. owns, leases, develops, manages, operates, and/or invests in casinos, and related hospitality and entertainment facilities in the United States. Our properties include American Place in Waukegan, Illinois; Silver Slipper Casino and Hotel in Hancock County, Mississippi; Chamonix Casino Hotel and Bronco Billy's Casino in Cripple Creek, Colorado; Rising Star Casino Resort in Rising Sun, Indiana; and Grand Lodge Casino, located within the Hyatt Regency Lake Tahoe in Incline Village, Nevada. Full House Resorts, Inc. was founded in 1987 and is based in Las Vegas, Nevada.

Ticker: FLL
Exchange: Nasdaq
Sector: Consumer Cyclical
Industry: Resorts & Casinos
Market cap: $22.72M
52-week range: $0.59 - $3.37

Valuation

Share price: $0.62 (close of Nov 6, 2026)
P/E (TTM): -0.58x
Price to book: -1.06x
Price to free cash flow: 3.01x
Enterprise value: $517.95M
Book value per share: $-0.58

Price performance

Period	Change
1 day	-13.89%
5 days	-25.30%
1 month	-54.41%
3 months	-71.69%
6 months	-75.40%
Year to date	-76.25%
1 year	-76.34%
3 years	-83.47%
5 years	-94.08%
10 years	-63.74%
All time	-79.33%

Short interest

As of: Oct 15, 2026
Short % of float: 1.54%
Shares short: 525.23K
Days to cover: 1.88
Change since prior report: -5.80%
Source: FINRA consolidated short interest

Members of Congress who disclosed FLL trades

Susie Lee

Super investors holding FLL

Ken Griffin (Citadel)

Profitability and growth

Return on invested capital: 0.49%
Return on assets: -6.19%
Return on capital employed: 0.54%
Gross margin: 93.32%
Net margin: -13.29%
EBITDA margin: 15.12%
Revenue growth: 3.53%

Cash flow and balance sheet

Free cash flow yield (TTM): 33.24%
Current ratio: 0.80x
Net debt to EBITDA: 10.49x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $302.38M
Cost of revenue: $20.20M
Gross profit: $282.18M
EBITDA: $45.73M
Net income: -$40.20M

Income statement by year

Period end	Revenue	Gross profit	Net income
2025-12-31	$302.38M	$282.18M	-$40.20M
2024-12-31	$292.06M	$269.38M	-$40.67M
2023-12-31	$241.06M	$221.67M	-$24.90M
2022-12-31	$163.28M	-	-$14.80M
2021-12-31	$180.16M	-	$11.71M
2020-12-31	$125.59M	-	$147.00K
2019-12-31	$165.43M	-	-$5.82M
2018-12-31	$163.89M	-	-$4.37M
2017-12-31	$161.27M	-	-$5.03M
2016-12-31	$145.99M	-	-$5.09M

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	93.32%	-13.29%	-	0.49%
2024-12-31	92.23%	-13.93%	-100.43%	0.45%
2023-12-31	91.96%	-10.33%	-31.99%	-0.20%
2022-12-31	-	-9.07%	-14.84%	2.42%
2021-12-31	-	6.50%	10.39%	8.55%
2020-12-31	-	0.12%	0.26%	5.63%
2019-12-31	-	-3.52%	-10.38%	3.34%
2018-12-31	-	-2.67%	-7.13%	4.43%
2017-12-31	-	-3.12%	-9.37%	4.76%
2016-12-31	-	-3.49%	-9.02%	3.65%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$40.67M	$473.65M
2024-12-31	$40.22M	$468.14M
2023-12-31	$36.16M	$465.15M
2022-12-31	$56.59M	$401.85M
2021-12-31	$88.72M	$301.62M
2020-12-31	$37.70M	$106.83M
2019-12-31	$28.85M	$102.92M
2018-12-31	$20.63M	$94.19M
2017-12-31	$19.91M	$93.57M
2016-12-31	$27.04M	$94.25M

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	-$2.68M	$1.74M
2024-12-31	-$38.74M	$2.87M
2023-12-31	-$126.24M	$2.88M
2022-12-31	-$166.56M	$1.69M
2021-12-31	-$7.49M	$966.00K
2020-12-31	$6.35M	$405.00K
2019-12-31	$2.38M	$348.00K
2018-12-31	-$7.23M	$632.00K
2017-12-31	-$3.93M	$525.00K
2016-12-31	$4.42M	$409.00K

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-11-05	Sep 2026	-
2026-08-06	Jun 2026	-
2026-05-07	Mar 2026	-
2026-03-05	Dec 2025	-
2025-11-06	Sep 2025	-
2025-08-07	Jun 2025	-
2025-05-08	Mar 2025	-
2025-03-06	Dec 2024	-

Filings and sources

Company website: fullhouseresorts.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

Similar companies

Caesars Entertainment, Inc. (CZR) · MGM Resorts International (MGM) · Wynn Resorts Ltd (WYNN) · Las Vegas Sands Corp (LVS) · Booking Holdings Inc. (BKNG) · Airbnb, Inc. (ABNB) · Royal Caribbean Cruises Ltd (RCL) · Carnival Corp Ltd. (CCL)

All Consumer Cyclical companies

Understanding these figures

Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

Explore

Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades