Red Rock Resorts, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission on November 4, 2026, reporting a net loss attributable to the company of $9.9 million for the third quarter.

Key Highlights

  • Q3 net loss: Net loss attributable to Red Rock Resorts, Inc. was $9,918 thousand for the three months ended September 30, 2026, compared to net income of $42,254 thousand in the same period of 2025.
  • Q3 net revenues: Net revenues were $488,701 thousand for the three months ended September 30, 2026, up from $475,572 thousand in Q3 2025.
  • Nine-month net income: For the nine months ended September 30, 2026, net income attributable to Red Rock Resorts, Inc. was $72,089 thousand, compared to $143,407 thousand for the same period of 2025.
  • Loss per share: Basic and diluted loss per share of Class A common stock were both $(0.17) for Q3 2026, versus basic earnings of $0.72 and diluted earnings of $0.68 in Q3 2025.
  • Total assets: Total assets were $4,426,277 thousand at September 30, 2026, up from $4,167,073 thousand at December 31, 2025.
  • Long-term debt: Long-term debt, less current portion, rose to $3,704,726 thousand at September 30, 2026 from $3,378,501 thousand at December 31, 2025.
  • Shares outstanding: Class A common stock shares outstanding were 59,636,493 and Class B common stock shares outstanding were 45,885,804 as of October 30, 2026.

Red Rock Resorts Q3 2026 Financial Results: Revenue Gains, Higher Costs, and a Quarterly Loss

According to the filing, Red Rock Resorts reported net revenues of $488,701 thousand for the three months ended September 30, 2026, an increase from $475,572 thousand in Q3 2025. Casino revenues were the largest contributor at $323,854 thousand for the quarter, compared to $319,490 thousand a year earlier. Food and beverage revenues rose to $88,248 thousand from $85,523 thousand, and room revenues increased to $42,816 thousand from $41,568 thousand. Native American management and development fees were $6,191 thousand, up from $3,894 thousand in Q3 2025.

The company disclosed that total operating costs and expenses for Q3 2026 were $462,033 thousand, sharply higher than $344,088 thousand in Q3 2025. Casino costs rose to $115,550 thousand from $83,263 thousand, while selling, general and administrative expenses increased to $146,228 thousand from $112,853 thousand. Depreciation and amortization was $62,673 thousand versus $48,976 thousand in the prior-year quarter. As a result, operating income fell to $26,668 thousand from $131,484 thousand. Net interest expense was $50,894 thousand for Q3 2026, and after a $4,505 thousand gain on the change in fair value of derivative instruments, the company reported a loss before income tax of $18,984 thousand. A tax benefit of $1,246 thousand partially offset this, leaving a net loss of $17,738 thousand, of which $9,918 thousand was attributable to Red Rock Resorts, Inc. stockholders.

For the nine months ended September 30, 2026, the filing reported net revenues of $1,506,282 thousand and operating income of $306,340 thousand, compared to $1,499,706 thousand and $453,865 thousand, respectively, for the same period of 2025. Total stockholders' equity stood at $283,103 thousand at September 30, 2026, down from $332,284 thousand at December 31, 2025. Cash and cash equivalents were $128,345 thousand, compared to $142,471 thousand at year-end 2025. The company is listed on the NASDAQ Stock Market under the trading symbol NASDAQ:RRR.

What Was Disclosed

Red Rock Resorts filed its unaudited quarterly report for the period ended September 30, 2026, disclosing a third-quarter net loss attributable to the company of $9,918 thousand, driven by higher operating costs, alongside nine-month net revenues of $1,506,282 thousand and increased long-term debt of $3,704,726 thousand.