NASDAQ : GDEN
Golden Entertainment, Inc. — Financial statements
Consumer Discretionary · Resorts & Casinos · United States
Last price 28.55 USD (At close: Apr 29, 2026) · Market cap 753.69M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Golden Entertainment, Inc. (GDEN) reported revenue of 634.91M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 584.19M | 584.19M | 610.76M | 981.36M | 1.06B | 1.04B |
| Other Revenue | 50.72M | 50.72M | 56.06M | 71.79M | 63.13M | 52.62M |
| Revenue | 634.91M | 634.91M | 666.82M | 1.05B | 1.12B | 1.10B |
| Cost of Revenue | 293.68M | 293.68M | 305.89M | 600.01M | 637.15M | 600.34M |
| Gross Profit | 341.24M | 341.24M | 360.93M | 453.13M | 484.57M | 496.20M |
| Selling, General & Admin | 218.46M | 218.46M | 225.31M | 255.56M | 235.40M | 221.97M |
| Operating Expenses | 309.46M | 309.46M | 315.86M | 345.26M | 335.69M | 328.90M |
| Operating Income | 31.77M | 31.77M | 45.07M | 107.88M | 148.88M | 167.30M |
| Interest Expense | -30.66M | -30.66M | -34.88M | -65.52M | -63.49M | -62.85M |
| EBT Excluding Unusual Items | 1.11M | 1.11M | 10.19M | 42.36M | 85.39M | 104.45M |
| Impairment of Goodwill | -1.77M | |||||
| Gain (Loss) on Sale of Assets | -10.24M | -10.24M | 69.45M | 303.41M | -934.00K | -1.26M |
| Asset Writedown | -626.00K | -12.07M | ||||
| Other Unusual Items | -4.45M | -1.73M | -1.59M | 59.02M | ||
| Pretax Income | -9.13M | -9.13M | 72.79M | 331.96M | 82.87M | 162.21M |
| Income Tax Expense | -3.09M | -3.09M | 22.06M | 76.21M | 521.00K | 436.00K |
| Net Income | -6.04M | -6.04M | 50.73M | 255.76M | 82.35M | 161.78M |
| Net Income to Common | -6.04M | -6.04M | 50.73M | 255.76M | 82.35M | 161.78M |
| Shares Outstanding (Basic) | 26.28M | 26.28M | 28.18M | 28.65M | 28.66M | 28.71M |
| Shares Outstanding (Diluted) | 26.28M | 26.28M | 29.70M | 30.78M | 31.51M | 32.12M |
| EPS (Basic) | -0.23 | -0.23 | 1.80 | 8.93 | 2.87 | 5.64 |
| EPS (Diluted) | -0.23 | -0.23 | 1.71 | 8.31 | 2.61 | 5.04 |
| Free Cash Flow | 35.58M | 35.58M | 42.44M | 33.33M | 98.78M | 266.52M |
| Free Cash Flow Per Share | 1.35 | 1.35 | 1.43 | 1.08 | 3.13 | 8.30 |
| Dividend Per Share | 1.00 | 1.00 | 1.00 | |||
| Gross Margin | 53.74% | 53.74% | 54.13% | 43.03% | 43.20% | 45.25% |
| Operating Margin | 5.00% | 5.00% | 6.76% | 10.24% | 13.27% | 15.26% |
| Profit Margin | -0.95% | -0.95% | 7.61% | 24.29% | 7.34% | 14.75% |
| Free Cash Flow Margin | 5.60% | 5.60% | 6.37% | 3.16% | 8.81% | 24.30% |
| EBITDA | 122.05M | 122.05M | 135.11M | 196.81M | 249.00M | 273.99M |
| EBITDA Margin | 19.22% | 19.22% | 20.26% | 18.69% | 22.20% | 24.99% |
| D&A For EBITDA | 90.28M | 90.28M | 90.03M | 88.93M | 100.12M | 106.69M |
| EBIT | 31.77M | 31.77M | 45.07M | 107.88M | 148.88M | 167.30M |
| EBIT Margin | 5.00% | 5.00% | 6.76% | 10.24% | 13.27% | 15.26% |
| Effective Tax Rate | 30.31% | 22.96% | 0.63% | 0.27% | ||
| Revenue as Reported | 634.91M | 634.91M | 666.82M | 1.05B | 1.12B | 1.10B |
| Advertising Expenses | 11.10M | 11.10M | 12.80M | 13.10M | 12.20M | 9.90M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 55.33M | 55.33M | 57.73M | 157.55M | 136.89M | 220.54M |
| Cash & Short-Term Investments | 55.33M | 55.33M | 57.73M | 157.55M | 136.89M | 220.54M |
| Accounts Receivable | 13.94M | 13.94M | 13.18M | 16.95M | 20.50M | 18.72M |
| Receivables | 13.94M | 13.94M | 13.18M | 16.95M | 20.50M | 18.72M |
| Inventory | 8.49M | 8.49M | 8.01M | 8.10M | 8.12M | 6.64M |
| Prepaid Expenses | 26.50M | 26.50M | 24.88M | 22.57M | 25.90M | 15.11M |
| Other Current Assets | 204.27M | 53.17M | 2.93M | |||
| Total Current Assets | 104.26M | 104.26M | 103.79M | 409.44M | 244.57M | 263.94M |
| Property, Plant & Equipment | 770.40M | 770.40M | 829.36M | 865.54M | 988.62M | 1.08B |
| Goodwill | 86.54M | 86.54M | 86.54M | 84.33M | 158.40M | 158.40M |
| Other Intangible Assets | 50.70M | 50.70M | 53.39M | 53.94M | 89.55M | 98.06M |
| Long-Term Deferred Tax Assets | 29.51M | 11.82M | ||||
| Other Long-Term Assets | 6.18M | 6.18M | 6.83M | 9.53M | 15.70M | 11.70M |
| Total Assets | 1.02B | 1.02B | 1.08B | 1.45B | 1.51B | 1.62B |
| Accounts Payable | 15.87M | 15.87M | 21.69M | 18.70M | 25.17M | 19.10M |
| Accrued Expenses | 27.70M | 27.70M | 23.97M | 35.71M | 41.58M | 52.06M |
| Current Portion of Long-Term Debt | 4.97M | 4.97M | 4.00M | 4.44M | 90.00K | 511.00K |
| Current Portion of Leases | 16.96M | 16.96M | 16.44M | 13.90M | 42.66M | 40.70M |
| Current Income Taxes Payable | 12.34M | 42.05M | ||||
| Current Unearned Revenue | 15.03M | 15.03M | 13.75M | 10.73M | 10.95M | 12.31M |
| Other Current Liabilities | 8.95M | 8.95M | 8.79M | 48.84M | 12.25M | 2.28M |
| Total Current Liabilities | 89.48M | 89.48M | 100.99M | 174.38M | 132.70M | 126.97M |
| Long-Term Debt | 425.65M | 425.65M | 402.94M | 656.99M | 898.77M | 1.01B |
| Long-Term Leases | 70.38M | 70.38M | 80.66M | 82.86M | 123.67M | 157.56M |
| Long-Term Deferred Tax Liabilities | 11.67M | 11.67M | 20.91M | 53.00K | 1.86M | |
| Other Long-Term Liabilities | 10.00K | 10.00K | 171.00K | 328.00K | 552.00K | 1.63M |
| Total Liabilities | 597.19M | 597.19M | 605.68M | 914.55M | 1.16B | 1.30B |
| Common Stock | 262.00K | 262.00K | 265.00K | 287.00K | 282.00K | 288.00K |
| Additional Paid-In Capital | 483.03M | 483.03M | 481.81M | 475.97M | 480.06M | 477.83M |
| Retained Earnings | -62.40M | -62.40M | -7.85M | 61.48M | -127.42M | -158.58M |
| Shareholders' Equity | 420.90M | 420.90M | 474.23M | 537.73M | 352.92M | 319.54M |
| Total Liabilities & Equity | 1.02B | 1.02B | 1.08B | 1.45B | 1.51B | 1.62B |
| Total Debt | 517.95M | 517.95M | 504.04M | 758.19M | 1.07B | 1.21B |
| Net Cash (Debt) | -462.63M | -462.63M | -446.32M | -600.64M | -928.31M | -986.24M |
| Net Cash Per Share | -17.60 | -17.60 | -15.03 | -19.51 | -29.46 | -30.70 |
| Filing Date Shares Outstanding | 26.20M | 26.20M | 26.51M | 28.67M | 28.18M | 28.84M |
| Total Common Shares Outstanding | 26.18M | 26.18M | 26.51M | 28.67M | 28.18M | 28.83M |
| Working Capital | 14.79M | 14.79M | 2.81M | 235.07M | 111.87M | 136.97M |
| Book Value Per Share | 16.07 | 16.07 | 17.89 | 18.76 | 12.52 | 11.08 |
| Tangible Book Value | 283.65M | 283.65M | 334.30M | 399.47M | 104.97M | 63.09M |
| Tangible Book Value Per Share | 10.83 | 10.83 | 12.61 | 13.93 | 3.73 | 2.19 |
| Land | 125.14M | 125.14M | 125.24M | 125.24M | 125.24M | 125.24M |
| Buildings | 953.02M | 953.02M | 983.66M | 955.86M | 923.16M | 937.76M |
| Machinery | 153.10M | 153.10M | 217.00M | 190.05M | 244.74M | 246.32M |
| Construction In Progress | 21.33M | 21.33M | 6.17M | 10.56M | 23.22M | 16.35M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -6.04M | -6.04M | 50.73M | 255.76M | 82.35M | 161.78M |
| Depreciation & Amortization | 90.28M | 90.28M | 90.03M | 88.93M | 100.12M | 106.69M |
| Other Amortization | 1.56M | 1.56M | 2.21M | 4.07M | 4.09M | 4.34M |
| Loss (Gain) From Sale of Assets | 10.24M | 10.24M | -69.45M | -303.41M | 934.00K | 1.26M |
| Asset Writedown & Restructuring Costs | 2.40M | 12.07M | ||||
| Stock-Based Compensation | 8.91M | 8.91M | 10.04M | 12.81M | 12.88M | 13.84M |
| Provision & Write-off of Bad Debts | 416.00K | 416.00K | 159.00K | 643.00K | 753.00K | 631.00K |
| Other Operating Activities | -9.65M | -9.65M | 54.49M | -16.02M | -11.88M | 2.08M |
| Change in Accounts Receivable | -1.18M | -1.18M | 4.17M | -128.00K | -4.88M | -5.64M |
| Change in Accounts Payable | -9.27M | -9.27M | -45.52M | 53.50M | -4.49M | 14.39M |
| Change in Other Net Operating Assets | -2.20M | -2.20M | -6.92M | 10.97M | -29.68M | -3.60M |
| Operating Cash Flow | 83.06M | 83.06M | 92.34M | 119.20M | 150.20M | 295.77M |
| Capital Expenditures | -47.48M | -47.48M | -49.90M | -85.88M | -51.42M | -29.26M |
| Sale of Property, Plant & Equipment | 115.00K | 115.00K | 16.00K | 401.00K | 152.00K | 374.00K |
| Cash Acquisitions | -7.25M | -10.00M | ||||
| Divestitures | 204.36M | 362.40M | ||||
| Investing Cash Flow | -47.37M | -47.37M | 147.23M | 266.92M | -51.27M | -28.89M |
| Long-Term Debt Issued | 45.00M | 45.00M | 20.00M | 400.00M | ||
| Total Debt Issued | 45.00M | 45.00M | 20.00M | 400.00M | ||
| Long-Term Debt Repaid | -26.81M | -26.81M | -282.40M | -638.63M | -115.58M | -131.92M |
| Total Debt Repaid | -26.81M | -26.81M | -282.40M | -638.63M | -115.58M | -131.92M |
| Net Debt Issued (Repaid) | 18.19M | 18.19M | -262.40M | -238.63M | -115.58M | -131.92M |
| Issuance of Common Stock | 5.00K | 5.00K | 3.16M | 8.00K | 35.00K | 107.00K |
| Repurchase of Common Stock | -29.94M | -29.94M | -98.89M | -26.04M | -61.88M | -17.45M |
| Common Dividends Paid | -26.35M | -26.35M | -21.31M | |||
| Other Financing Activities | -6.00K | -8.18M | -12.00K | -651.00K | ||
| Financing Cash Flow | -38.09M | -38.09M | -379.44M | -330.56M | -177.44M | -149.91M |
| Net Cash Flow | -2.40M | -2.40M | -139.88M | 55.57M | -78.51M | 116.98M |
| Free Cash Flow | 35.58M | 35.58M | 42.44M | 33.33M | 98.78M | 266.52M |
| Free Cash Flow Margin | 5.60% | 5.60% | 6.37% | 3.16% | 8.81% | 24.30% |
| Free Cash Flow Per Share | 1.35 | 1.35 | 1.43 | 1.08 | 3.13 | 8.30 |
| Levered Free Cash Flow | 38.44M | 38.44M | 189.48M | -31.04M | 59.50M | 169.14M |
| Unlevered Free Cash Flow | 56.04M | 56.04M | 209.08M | 5.84M | 95.09M | 204.08M |
| Cash Interest Paid | 28.82M | 28.82M | 42.50M | 66.90M | 58.90M | 57.62M |
| Cash Income Tax Paid | 21.68M | 21.68M | 9.22M | 38.68M | 19.71M | |
| Change in Working Capital | -12.66M | -12.66M | -48.27M | 64.34M | -39.06M | 5.15M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 753.69M | 711.77M | 866.75M | 1.14B | 1.07B | 1.47B |
| Enterprise Value | 1.22B | 1.16B | 1.29B | 1.69B | 2.00B | 2.49B |
| Last Close Price | 28.55 | 26.94 | 30.17 | 36.94 | 32.92 | 44.48 |
| PE Ratio | 17.09 | 4.47 | 12.95 | 9.08 | ||
| Forward PE | 49.60 | 38.04 | 35.38 | 29.81 | 14.51 | 15.65 |
| PS Ratio | 1.19 | 1.12 | 1.30 | 1.08 | 0.95 | 1.34 |
| PB Ratio | 1.78 | 1.69 | 1.83 | 2.12 | 3.02 | 4.59 |
| P/TBV Ratio | 2.66 | 2.51 | 2.59 | 2.86 | 10.16 | 23.27 |
| P/FCF Ratio | 21.18 | 20.00 | 20.42 | 34.29 | 10.79 | 5.51 |
| P/OCF Ratio | 9.07 | 8.57 | 9.39 | 9.59 | 7.10 | 4.96 |
| PEG Ratio | 0.98 | 15.35 | 15.35 | 15.35 | 15.35 | |
| EV/Sales Ratio | 1.92 | 1.83 | 1.93 | 1.61 | 1.78 | 2.27 |
| EV/EBITDA Ratio | 9.97 | 9.52 | 9.52 | 8.61 | 8.02 | 9.08 |
| EV/EBIT Ratio | 38.28 | 36.59 | 28.52 | 15.70 | 13.41 | 14.87 |
| EV/FCF Ratio | 34.18 | 32.67 | 30.29 | 50.83 | 20.21 | 9.33 |
| Debt / Equity Ratio | 1.23 | 1.23 | 1.06 | 1.41 | 3.02 | 3.78 |
| Debt / EBITDA Ratio | 3.20 | 3.20 | 2.87 | 2.83 | 3.25 | 3.41 |
| Debt / FCF Ratio | 14.56 | 14.56 | 11.88 | 22.75 | 10.78 | 4.53 |
| Net Debt / Equity Ratio | 1.10 | 1.10 | 0.94 | 1.12 | 2.63 | 3.09 |
| Net Debt / EBITDA Ratio | 3.79 | 3.79 | 3.30 | 3.05 | 3.73 | 3.60 |
| Net Debt / FCF Ratio | 13.00 | 13.00 | 10.52 | 18.02 | 9.40 | 3.70 |
| Asset Turnover | 0.60 | 0.60 | 0.53 | 0.71 | 0.72 | 0.69 |
| Inventory Turnover | 35.60 | 35.60 | 37.99 | 74.01 | 86.37 | 97.81 |
| Quick Ratio | 0.77 | 0.77 | 0.70 | 1.00 | 1.19 | 1.88 |
| Current Ratio | 1.17 | 1.17 | 1.03 | 2.35 | 1.84 | 2.08 |
| Return on Equity (ROE) | -1.35% | -1.35% | 10.03% | 57.43% | 24.49% | 67.29% |
| Return on Assets (ROA) | 1.89% | 1.89% | 2.23% | 4.55% | 5.96% | 6.56% |
| Return on Invested Capital (ROIC) | 3.59% | 3.52% | 3.05% | 6.87% | 11.44% | 12.37% |
| Return on Capital Employed (ROCE) | 3.40% | 3.40% | 4.60% | 8.40% | 10.80% | 11.20% |
| Earnings Yield | -0.80% | -0.85% | 5.85% | 22.38% | 7.72% | 11.02% |
| FCF Yield | 4.72% | 5.00% | 4.90% | 2.92% | 9.26% | 18.15% |
| Dividend Yield | 3.50% | 3.71% | 3.31% | |||
| Payout Ratio | 42.00% | |||||
| Buyback Yield / Dilution | 11.50% | 11.50% | 3.52% | 2.33% | 1.90% | -14.40% |
| Total Shareholder Return | 15.00% | 15.21% | 6.83% | 2.33% | 1.90% | -14.40% |