Golden Entertainment, Inc.

NASDAQ•GDEN

CEO: Mr. Blake L. Sartini Sr.

Sector: Consumer Cyclical

Industry: Gambling, Resorts & Casinos

Listing Date: 1999-01-04

Golden Entertainment, Inc. owns and operates a diversified entertainment platform in the United States. The company operates through four segments; Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns, and Distributed Gaming. It also operates casino, casino resorts, and taverns; and slot machines in third party non-casino locations. The company was incorporated in 1998 and is headquartered in Las Vegas, Nevada.

Contact Information

6595 South Jones Boulevard, Las Vegas, NV, 89118, United States

702-893-7777

www.goldenent.com

Market Cap

$743.39M

P/E (TTM)

-122.0

16.8

Dividend Yield

3.6%

52W High

$32.74

52W Low

$19.57

52W Range

65%

Rank56Top 81.7%

2.5

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 2.5 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$155.63M+0.00%

4-Quarter Trend

EPS

-$0.32+0.00%

4-Quarter Trend

FCF

-$4.37M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Sale Transaction Agreed Definitive agreement signed November 2025; shareholders receive VICI stock plus $2.75 cash dividend per share upon expected mid-2026 closing.

Net Income Reverses Reported net loss of $(6.0M) in 2025, reversing $50.7M net income in 2024. Total revenues fell 5% to $634.9M.

Adjusted EBITDA Declines Total Adjusted EBITDA decreased 9.9% to $140.0M for 2025. Casino Resorts segment saw 11% Adj. EBITDA decline.

Workforce Reduced 8% Total workforce decreased 8% year-over-year to 4,900 employees by December 31, 2025, attributed to cost-saving measures.

Risk Factors

Sale Transaction Uncertainty Sale remains subject to regulatory and shareholder approvals; failure jeopardizes anticipated benefits and incurs transaction costs.

Economic Sensitivity High Gaming demand highly sensitive to economic downturns, impacting discretionary consumer spending and travel patterns significantly.

Geographic Concentration Risk Operations concentrated solely in Nevada expose results to greater risks from local economic shifts and regulatory changes.

Leverage Increases Vulnerability Total net long-term debt stands at $426.6M, increasing vulnerability to adverse economic conditions and limiting financing flexibility.

Outlook

Focus on Sale Integration Management focused on successfully integrating acquired businesses and managing expansion scope following the anticipated Sale Transaction closing.

Liquidity Position Maintained Liquidity supported by $55.3M cash and $195.0M borrowing availability under Revolving Credit Facility as of year-end 2025.

HCM System Upgrade Initiated Began 12-month project to upgrade Human Capital Management software to integrated Workday solution during the 2025 fiscal year.

Water Conservation Investment Plan to increase investment in smart technologies for water reuse and conservation programs to manage scarce water resources.

Peer Comparison

Revenue (TTM)

CPS

$2.74B

+0.4%

BALY

$2.66B

+8.4%

HZO

$2.35B

-1.1%

Gross Margin (Latest Quarter)

OXM

52.5%

-2.9pp

LEGH

49.9%

-9.9pp

SFIX

43.6%

-1.8pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
MYE	$838.31M	24.0	12.2%	44.5%
GDEN	$743.39M	-122.0	-1.4%	57.7%
OXM	$631.67M	-22.6	-5.0%	43.0%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

-1.1%

Flat Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:May 6, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data