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Bally's (BALY) Financials

Bally's logo
$15.04 +0.22 (+1.50%)
Closing price 06/12/2026 03:59 PM Eastern
Extended Trading
$14.94 -0.11 (-0.72%)
As of 06/12/2026 07:50 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Bally's

Annual Income Statements for Bally's

This table shows Bally's' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 60 72 55 -5.49 -115 -426 -188 -568
Consolidated Net Income / (Loss)		 62 71 55 -5.49 -115 -426 -188 -568
Net Income / (Loss) Continuing Operations		 62 71 55 -5.49 -115 -426 -188 -568
Total Pre-Tax Income 		101 98 75 -75 -119 -454 -186 -553
Total Operating Income		 124 121 115 -18 93 -293 104 -258
Total Gross Profit		 296 302 338 234 787 1,246 1,344 1,327
Total Revenue		 421 438 524 373 1,322 2,256 2,449 2,450
Operating Revenue		 421 438 524 373 1,322 2,256 2,449 2,450
Total Cost of Revenue		 125 135 185 139 535 1,009 1,105 1,123
Operating Cost of Revenue		 125 135 185 139 535 1,009 1,105 1,123
Total Operating Expenses		 172 182 224 253 694 1,539 1,240 1,586
Selling, General & Admin Expense		 150 143 180 206 598 826 1,114 1,043
Depreciation Expense		 22 22 32 38 145 301 350 380
Other Operating Expenses / (Income)		 0.00 6.51 0.00 - -53 -51 -374 -86
Impairment Charge		 - 0.00 0.00 8.66 4.68 464 150 249
Total Other Income / (Expense), net		 -23 -23 -39 -56 -212 -161 -290 -294
Interest & Investment Income		 0.19 0.17 1.90 - - -208 -278 -290
Other Income / (Expense), net		 0.00 0.00 0.18 6.21 -95 47 -12 -4.55
Income Tax Expense		 39 26 20 -69 -4.38 -29 1.76 15
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - - - - - 0.00
Basic Earnings per Share		 $1.64 $1.95 $1.46 ($0.18) ($2.31) ($7.32) ($3.51) ($11.71)
Weighted Average Basic Shares Outstanding		 36.48M 36.94M 37.71M 31.32M 49.64M 58.11M 53.35M 48.47M
Diluted Earnings per Share		 $1.56 $1.87 $1.46 ($0.18) ($2.31) ($7.32) ($3.51) ($11.71)
Weighted Average Diluted Shares Outstanding		 38.44M 38.55M 37.82M 31.32M 49.64M 58.11M 53.35M 48.47M
Weighted Average Basic & Diluted Shares Outstanding		 - - 31.57M 30.91M 51.69M 46.68M 40.09M 48.51M

Quarterly Income Statements for Bally's

This table shows Bally's' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q2 2025 Q3 2025 Q1 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 6/30/2025 9/30/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 178 -26 -62 -278 -174 -60 -248 -86 -228 -103 -162
Consolidated Net Income / (Loss)		 178 -26 -62 -278 -174 -60 -248 -86 -228 -106 -161
Net Income / (Loss) Continuing Operations		 178 -26 -62 -278 -174 -60 -248 -86 -228 -106 -161
Total Pre-Tax Income 		316 -54 -18 -430 -143 -62 -281 -67 -43 -148 -164
Total Operating Income		 377 5.98 37 -316 -74 5.57 -158 -32 -2.44 0.99 92
Total Gross Profit		 329 335 345 335 334 337 344 313 367 372 399
Total Revenue		 599 606 632 612 618 622 630 580 658 664 756
Operating Revenue		 599 606 632 612 618 622 630 580 658 664 756
Total Cost of Revenue		 270 271 287 277 284 285 286 268 290 292 356
Operating Cost of Revenue		 270 271 287 277 284 285 286 268 290 292 356
Total Operating Expenses		 -48 329 308 651 408 331 501 345 370 371 308
Selling, General & Admin Expense		 252 250 231 382 248 252 274 269 298 292 316
Depreciation Expense		 75 79 77 119 160 79 78 63 72 78 97
Other Operating Expenses / (Income)		 -374 -0.14 0.00 - 0.00 0.00 150 -236 0.00 0.00 -106
Total Other Income / (Expense), net		 -61 -60 -55 -114 -69 -67 -124 -34 -41 -148 -256
Interest & Investment Income		 - - - - -73 -74 -74 - -98 -106 -110
Other Income / (Expense), net		 2.61 6.81 16 -37 4.55 6.93 -50 34 57 -43 -146
Income Tax Expense		 138 -29 44 -151 31 -1.50 -34 19 185 -41 -3.25
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - - - - 0.00 - - -3.29 1.06
Basic Earnings per Share		 $3.28 ($0.48) ($1.15) ($5.16) ($3.61) ($1.24) ($5.10) ($1.76) ($3.76) ($1.70) ($2.69)
Weighted Average Basic Shares Outstanding		 54.42M 53.94M 53.58M 53.35M 48.12M 48.50M 48.60M 48.47M 60.69M 60.64M 60.25M
Diluted Earnings per Share		 $3.24 ($0.48) ($1.15) ($5.12) ($3.61) ($1.24) ($5.10) ($1.76) ($3.76) ($1.70) ($2.69)
Weighted Average Diluted Shares Outstanding		 55.09M 53.94M 53.58M 53.35M 48.12M 48.50M 48.60M 48.47M 60.69M 60.64M 60.25M
Weighted Average Basic & Diluted Shares Outstanding		 - 45.63M 45.62M 40.09M 40.48M 40.63M 40.67M 48.51M 49.12M 49.16M 48.95M

Annual Cash Flow Statements for Bally's

This table details how cash moves in and out of Bally's' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 31 -12 104 -59 148 -9.66 50 -84
Net Cash From Operating Activities		 108 109 94 20 83 271 189 114
Net Cash From Continuing Operating Activities		 108 109 94 20 83 271 189 114
Net Income / (Loss) Continuing Operations		 62 71 55 -5.49 -115 -426 -188 -568
Consolidated Net Income / (Loss)		 62 71 55 -5.49 -115 -426 -188 -568
Depreciation Expense		 17 22 32 38 145 301 350 380
Amortization Expense		 8.87 3.27 2.68 4.64 7.56 11 11 12
Non-Cash Adjustments To Reconcile Net Income		 18 5.25 6.74 -22 133 437 13 255
Changes in Operating Assets and Liabilities, net		 2.25 6.95 -2.85 4.81 -88 -52 1.37 35
Net Cash From Investing Activities		 -47 -118 -39 -445 -2,297 -303 -208 98
Net Cash From Continuing Investing Activities		 -47 -118 -39 -445 -2,297 -303 -208 98
Purchase of Property, Plant & Equipment		 - -130 -28 -15 -133 -450 -357 -245
Acquisitions		 0.00 -0.21 -9.61 -425 -2,304 -201 -239 -3.30
Purchase of Investments		 - - 0.00 0.00 -23 -3.18 0.00 0.00
Sale of Property, Plant & Equipment		 0.01 7.12 - - - - - 0.00
Divestitures		 - - - - - 0.00 0.00 -4.18
Other Investing Activities, net		 -47 5.36 -1.08 -4.50 163 352 388 350
Net Cash From Financing Activities		 -29 -3.43 49 366 2,405 43 66 -288
Net Cash From Continuing Financing Activities		 -29 -3.43 49 366 2,405 43 66 -288
Repayment of Debt		 -37 -41 -429 -266 -2,014 -570 -283 -802
Issuance of Debt		 10 41 708 669 3,788 597 448 440
Issuance of Common Equity		 - - 0.00 0.00 718 - - 0.00
Other Financing Activities, net		 0.28 4.28 - 0.00 0.00 170 0.00 74
Effect of Exchange Rate Changes		 - - 0.00 0.00 -42 -21 5.15 -8.00
Cash Interest Paid		 20 23 35 57 66 201 250 314

Quarterly Cash Flow Statements for Bally's

This table details how cash moves in and out of Bally's' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2026
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2026
Net Change in Cash & Equivalents		 -11 45 132 -24 -75 17 0.07 13 -44 -49 -253
Net Cash From Operating Activities		 61 46 -16 80 54 70 -7.85 48 36 38 -145
Net Cash From Continuing Operating Activities		 61 46 -16 80 53 72 -7.85 48 36 38 -145
Net Income / (Loss) Continuing Operations		 0.59 -488 178 -26 -62 -278 -174 -60 -248 -86 -161
Consolidated Net Income / (Loss)		 0.59 -488 178 -26 -62 -278 -174 -60 -248 -86 -161
Depreciation Expense		 74 73 75 79 77 119 160 79 78 63 97
Amortization Expense		 3.00 2.77 2.77 2.80 2.92 2.83 2.88 2.90 2.95 2.98 41
Non-Cash Adjustments To Reconcile Net Income		 13 451 -356 31 11 328 14 32 200 25 46
Changes in Operating Assets and Liabilities, net		 -29 6.62 85 -6.79 23 -100 -10 -6.40 3.26 33 -169
Net Cash From Investing Activities		 -14 -233 320 -96 -226 -206 -43 -44 -103 289 120
Net Cash From Continuing Investing Activities		 -14 -233 320 -96 -226 -206 -43 -44 -103 289 120
Purchase of Property, Plant & Equipment		 -66 -235 -51 -83 -168 -55 -42 -46 -104 -54 -49
Acquisitions		 -148 -1.92 -40 -8.25 -55 -136 -1.00 - -0.45 -1.85 -516
Sale and/or Maturity of Investments		 - - - - - - - - 1.22 0.78 0.00
Other Investing Activities, net		 200 3.52 411 -4.34 -2.77 -15 -0.76 0.08 -0.34 348 685
Net Cash From Financing Activities		 -49 233 -174 -0.95 95 145 51 8.48 16 -364 -242
Net Cash From Continuing Financing Activities		 -49 233 -174 -0.95 95 145 51 8.48 16 -364 -242
Repayment of Debt		 -155 -208 -154 -25 -68 -36 -126 -105 -85 -482 -2,064
Repurchase of Common Equity		 -119 -21 -20 -11 - -69 0.00 - - - 0.00
Issuance of Debt		 225 262 0.00 35 163 250 135 95 80 130 1,918
Issuance of Common Equity		 - - - - - - 0.00 - - - 0.00
Other Financing Activities, net		 - 200 0.00 - - - 42 19 21 -11 -96
Cash Interest Paid		 70 37 83 52 63 53 100 58 98 58 109
Cash Income Taxes Paid		 17 1.30 6.11 3.61 6.12 -1.40 -10 -3.22 23 -7.11 13

Annual Balance Sheets for Bally's

This table presents Bally's' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 782 1,022 1,930 6,553 6,300 6,861 5,860 11,230
Total Current Assets		 122 245 289 567 523 572 448 1,347
Cash & Equivalents		 78 183 123 206 213 163 171 798
Restricted Cash		 3.85 2.92 3.11 69 53 152 60 108
Accounts Receivable		 23 23 15 48 72 70 55 194
Inventories, net		 6.42 7.90 9.30 11 14 15 19 56
Prepaid Expenses		 12 28 54 104 101 108 115 160
Current Deferred & Refundable Income Taxes		 - 0.00 84 128 54 62 26 31
Plant, Property, & Equipment, net		 416 510 749 839 1,202 1,175 631 1,064
Total Noncurrent Assets		 244 266 892 5,147 4,575 5,114 4,782 8,820
Goodwill		 132 133 187 2,123 1,746 1,936 1,800 3,433
Intangible Assets		 110 110 663 2,478 1,962 1,871 1,307 3,001
Noncurrent Deferred & Refundable Income Taxes		 - - 0.00 12 26 36 2.31 12
Other Noncurrent Operating Assets		 1.60 23 41 535 842 1,271 1,672 2,373
Total Liabilities & Shareholders' Equity		 782 1,022 1,930 6,553 6,300 6,861 5,860 11,230
Total Liabilities		 484 810 1,603 4,937 5,494 6,225 5,829 8,686
Total Current Liabilities		 76 90 143 570 756 875 678 1,687
Short-Term Debt		 3.60 3.00 5.75 19 19 19 19 37
Accounts Payable		 14 15 16 88 70 69 86 197
Accrued Expenses		 58 71 120 401 574 652 481 1,328
Current Deferred & Payable Income Tax Liabilities		 - - 0.00 37 56 78 25 20
Other Current Liabilities		 0.00 1.01 1.52 25 33 55 66 105
Total Noncurrent Liabilities		 408 721 1,460 4,367 4,738 5,350 5,151 6,998
Long-Term Debt		 391 681 1,094 3,427 3,469 3,643 3,299 4,463
Noncurrent Deferred & Payable Income Tax Liabilities		 18 14 37 214 138 126 118 554
Other Noncurrent Operating Liabilities		 0.00 18 320 726 1,131 1,582 1,734 1,982
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 299 211 327 1,616 806 636 31 2,545
Total Preferred & Common Equity		 299 211 327 1,612 806 635 31 995
Preferred Stock		 - - - 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 299 211 327 1,612 806 635 31 995
Common Stock		 126 186 295 1,850 1,637 1,401 1,415 1,575
Retained Earnings		 203 250 35 -182 -535 -556 -1,124 -650
Accumulated Other Comprehensive Income / (Loss)		 0.00 -1.89 -3.14 -27 -296 -210 -260 69
Noncontrolling Interest		 - - 0.00 3.76 0.43 0.43 0.00 1,550

Quarterly Balance Sheets for Bally's

This table presents Bally's' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 6,293 6,781 6,929 6,636 6,590 6,406 7,492 7,794 7,555 10,930
Total Current Assets		 449 528 551 536 556 489 570 490 637 1,140
Cash & Equivalents		 164 184 179 169 155 191 210 175 161 559
Restricted Cash		 56 139 119 142 170 90 55 66 79 94
Accounts Receivable		 64 66 73 67 66 61 85 90 214 205
Inventories, net		 16 15 15 16 18 18 21 24 23 61
Prepaid Expenses		 101 103 142 110 118 107 162 132 148 163
Current Deferred & Refundable Income Taxes		 48 15 16 32 29 22 37 3.04 12 57
Plant, Property, & Equipment, net		 971 1,156 1,192 1,101 1,125 795 1,137 1,216 981 669
Total Noncurrent Assets		 4,874 5,098 5,187 4,999 4,910 5,121 5,785 6,088 5,937 9,121
Goodwill		 1,857 1,820 1,866 1,915 1,910 1,994 1,622 1,720 1,700 3,373
Intangible Assets		 2,176 1,938 2,010 1,813 1,760 1,760 1,948 1,941 1,875 2,925
Noncurrent Deferred & Refundable Income Taxes		 16 24 29 13 2.85 6.87 2.35 2.61 2.61 13
Other Noncurrent Operating Assets		 826 1,316 1,282 1,258 1,236 1,361 2,213 2,424 2,359 2,811
Total Liabilities & Shareholders' Equity		 6,293 6,781 6,929 6,636 6,590 6,406 7,492 7,794 7,555 10,930
Total Liabilities		 5,200 5,742 6,032 6,186 6,197 6,172 6,683 7,152 7,033 8,587
Total Current Liabilities		 691 679 843 876 923 877 764 994 933 1,025
Short-Term Debt		 19 29 19 19 19 19 19 19 19 17
Accounts Payable		 43 78 212 59 94 73 107 126 145 147
Accrued Expenses		 553 468 482 703 718 712 543 669 666 719
Current Deferred & Payable Income Tax Liabilities		 35 54 79 41 35 13 13 85 9.21 18
Other Current Liabilities		 41 48 49 53 56 60 81 94 93 123
Total Noncurrent Liabilities		 4,509 5,063 5,190 5,310 5,273 5,295 5,919 6,158 6,100 7,563
Long-Term Debt		 3,409 3,318 3,425 3,661 3,654 3,651 3,431 3,562 3,723 4,390
Noncurrent Deferred & Payable Income Tax Liabilities		 165 201 217 151 147 92 338 443 447 559
Other Noncurrent Operating Liabilities		 931 1,544 1,547 1,499 1,472 1,552 2,150 2,153 1,931 2,614
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,093 1,039 897 450 394 234 809 642 522 2,343
Total Preferred & Common Equity		 1,092 1,039 897 449 393 233 796 630 522 791
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,092 1,039 897 449 393 233 796 630 522 791
Common Stock		 1,661 1,595 1,601 1,403 1,408 1,412 750 751 752 1,549
Retained Earnings		 -58 -352 -413 -730 -790 -1,038 35 -194 -297 -812
Accumulated Other Comprehensive Income / (Loss)		 -510 -205 -291 -224 -224 -140 12 73 66 54
Noncontrolling Interest		 0.57 0.43 0.43 0.43 0.43 0.43 12 12 0.35 1,551

Annual Metrics And Ratios for Bally's

This table displays calculated financial ratios and metrics derived from Bally's' official financial filings.

Metric 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - -
Revenue Growth		 0.00% 3.91% 19.66% -28.80% 254.74% 70.57% 8.57% 0.06%
EBITDA Growth		 0.00% -1.99% 2.49% -79.78% 398.94% -56.92% 596.27% -71.69%
EBIT Growth		 0.00% -2.48% -4.84% -110.60% 90.55% -21,318.78% 137.28% -386.28%
NOPAT Growth		 0.00% 15.70% -4.62% -115.31% 607.90% -413.77% 135.50% -348.37%
Net Income Growth		 0.00% 14.77% -22.83% -109.95% -1,990.34% -271.02% 55.94% -202.80%
EPS Growth		 0.00% 19.87% -21.93% -112.33% -1,183.33% -216.88% 52.05% -233.62%
Operating Cash Flow Growth		 0.00% 1.31% -13.86% -79.28% 324.34% 227.44% -30.39% -39.56%
Free Cash Flow Firm Growth		 0.00% 0.00% 97.31% -4,193.05% -467.24% 116.55% -81.29% 545.16%
Invested Capital Growth		 0.00% 0.00% 16.05% 83.21% 268.27% -16.11% -0.83% -21.70%
Revenue Q/Q Growth		 0.00% 0.00% 3.76% -3.20% 48.11% -0.94% 1.45% -1.26%
EBITDA Q/Q Growth		 0.00% 0.00% -2.77% -55.69% -16.82% -91.32% 48.19% 175.33%
EBIT Q/Q Growth		 0.00% 0.00% -4.57% -143.06% -101.17% -156.67% 1,068.49% 57.43%
NOPAT Q/Q Growth		 0.00% 0.00% -6.66% -165.03% -22.25% -187.04% 400.96% 52.34%
Net Income Q/Q Growth		 0.00% 0.00% -13.73% 55.59% -651.03% -445.58% 52.73% 25.33%
EPS Q/Q Growth		 0.00% 0.00% -14.12% 58.14% -491.53% -469.70% 47.85% 22.30%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -5.81% -15.61% -6.63% 14.22% 15.00% -22.15%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% -157.68% -325.70% 125.79% -55.37% 1,779.65%
Invested Capital Q/Q Growth		 0.00% 0.00% -2.65% 32.28% 155.92% -6.64% -1.42% -13.96%
Profitability Metrics		 - - - - - - - -
Gross Margin		 70.21% 69.09% 64.63% 62.80% 59.54% 55.26% 54.87% 54.17%
EBITDA Margin		 35.44% 33.43% 28.63% 8.13% 11.43% 2.89% 18.52% 5.24%
Operating Margin		 29.38% 27.57% 21.89% -4.93% 7.06% -12.99% 4.25% -10.54%
EBIT Margin		 29.38% 27.57% 21.93% -3.27% -0.09% -10.92% 3.75% -10.73%
Profit (Net Income) Margin		 14.78% 16.33% 10.53% -1.47% -8.67% -18.87% -7.66% -23.17%
Tax Burden Percent		 61.56% 73.05% 73.33% 7.33% 96.32% 93.64% 100.95% 102.76%
Interest Burden Percent		 81.72% 81.06% 65.48% 614.46% 10,354.26% 184.51% -202.28% 210.18%
Effective Tax Rate		 38.44% 26.95% 26.67% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 28.83% 12.73% -1.28% 2.15% -4.66% 1.82% -5.09%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 18.15% 5.59% -0.28% -6.54% -11.57% -6.12% -17.12%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 19.01% 8.89% -0.76% -13.96% -30.48% -27.82% -165.21%
Return on Equity (ROE)		 0.00% 47.84% 21.62% -2.04% -11.81% -35.14% -26.00% -170.30%
Cash Return on Invested Capital (CROIC)		 0.00% -171.17% -2.13% -60.04% -112.43% 12.86% 2.65% 19.25%
Operating Return on Assets (OROA)		 0.00% 15.42% 12.73% -0.82% -0.03% -3.83% 1.40% -4.13%
Return on Assets (ROA)		 0.00% 9.13% 6.11% -0.37% -2.70% -6.62% -2.85% -8.93%
Return on Common Equity (ROCE)		 0.00% 47.84% 21.62% -2.04% -11.79% -35.08% -25.99% -170.19%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 23.92% 26.08% -1.68% -7.12% -52.81% -29.51% -1,837.27%
Net Operating Profit after Tax (NOPAT)		 76 88 84 -13 65 -205 73 -181
NOPAT Margin		 18.09% 20.14% 16.05% -3.45% 4.94% -9.09% 2.97% -7.38%
Net Nonoperating Expense Percent (NNEP)		 0.00% 10.68% 7.13% -1.00% 8.69% 6.91% 7.94% 12.03%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - -4.78% 1.69% -5.40%
Cost of Revenue to Revenue		 29.79% 30.91% 35.37% 37.20% 40.46% 44.74% 45.13% 45.83%
SG&A Expenses to Revenue		 35.52% 32.75% 34.46% 55.26% 45.22% 36.61% 45.49% 42.58%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 40.83% 41.52% 42.74% 67.73% 52.48% 68.25% 50.63% 64.71%
Earnings before Interest and Taxes (EBIT)		 124 121 115 -12 -1.15 -246 92 -263
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 149 146 150 30 151 65 454 128
Valuation Ratios		 - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 4.14 4.69 1.28 0.00 0.00 24.31
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 1.67 4.11 1.56 0.00 0.00 0.31
Price to Earnings (P/E)		 0.00 0.00 15.86 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.78% 0.60% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 6.30% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 1.93 1.93 1.10 0.00 0.00 1.23
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 2.62 6.72 3.97 0.00 0.00 1.57
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 9.16 82.64 34.69 0.00 0.00 29.90
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 11.96 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 16.33 0.00 80.23 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 14.59 128.40 63.37 0.00 0.00 33.67
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.62
Leverage & Solvency		 - - - - - - - -
Debt to Equity		 0.00 1.32 3.23 3.37 2.13 4.33 5.76 107.40
Long-Term Debt to Equity		 0.00 1.31 3.22 3.35 2.12 4.30 5.73 106.77
Financial Leverage		 0.00 1.05 1.59 2.73 2.13 2.63 4.55 9.65
Leverage Ratio		 0.00 2.62 3.54 5.49 4.37 5.31 9.13 19.08
Compound Leverage Factor		 0.00 2.12 2.32 33.71 452.20 9.79 -18.46 40.10
Debt to Total Capital		 0.00% 56.89% 76.38% 77.10% 68.08% 81.23% 85.21% 99.08%
Short-Term Debt to Total Capital		 0.00% 0.52% 0.34% 0.40% 0.38% 0.45% 0.45% 0.58%
Long-Term Debt to Total Capital		 0.00% 56.37% 76.04% 76.70% 67.70% 80.77% 84.76% 98.50%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.07% 0.01% 0.01% 0.00%
Common Equity to Total Capital		 0.00% 43.11% 23.62% 22.90% 31.85% 18.76% 14.78% 0.92%
Debt to EBITDA		 0.00 2.70 4.56 36.30 22.79 53.56 8.08 25.85
Net Debt to EBITDA		 0.00 2.14 3.32 32.12 20.98 49.48 7.38 24.05
Long-Term Debt to EBITDA		 0.00 2.67 4.54 36.11 22.66 53.26 8.03 25.70
Debt to NOPAT		 0.00 4.47 8.13 -85.46 52.72 -17.01 50.31 -18.35
Net Debt to NOPAT		 0.00 3.55 5.93 -75.62 48.52 -15.72 45.98 -17.07
Long-Term Debt to NOPAT		 0.00 4.43 8.10 -85.01 52.42 -16.91 50.04 -18.25
Altman Z-Score		 0.00 0.00 2.06 0.86 0.41 0.00 0.00 0.03
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.19% 0.17% 0.06% 0.06%
Liquidity Ratios		 - - - - - - - -
Current Ratio		 0.00 1.62 2.73 2.02 0.99 0.69 0.65 0.66
Quick Ratio		 0.00 1.33 2.29 0.97 0.45 0.38 0.27 0.33
Cash Flow Metrics		 - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -523 -14 -603 -3,422 566 106 683
Operating Cash Flow to CapEx		 0.00% 89.00% 333.25% 127.61% 62.42% 60.21% 52.88% 46.41%
Free Cash Flow to Firm to Interest Expense		 0.00 -22.73 -0.34 -9.63 -29.02 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 4.73 4.74 2.27 0.31 0.70 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 4.73 -0.59 1.59 0.07 -0.42 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - -
Asset Turnover		 0.00 0.56 0.58 0.25 0.31 0.35 0.37 0.39
Accounts Receivable Turnover		 0.00 19.05 22.69 19.63 42.00 37.64 34.49 38.95
Inventory Turnover		 0.00 21.07 25.87 16.13 51.49 78.60 76.70 66.17
Fixed Asset Turnover		 0.00 1.05 1.13 0.59 1.67 2.21 2.06 2.71
Accounts Payable Turnover		 0.00 9.51 12.71 9.01 10.35 12.81 15.88 14.50
Days Sales Outstanding (DSO)		 0.00 19.16 16.09 18.60 8.69 9.70 10.58 9.37
Days Inventory Outstanding (DIO)		 0.00 17.32 14.11 22.63 7.09 4.64 4.76 5.52
Days Payable Outstanding (DPO)		 0.00 38.36 28.72 40.52 35.27 28.50 22.99 25.17
Cash Conversion Cycle (CCC)		 0.00 -1.88 1.48 0.71 -19.49 -14.16 -7.65 -10.29
Capital & Investment Metrics		 - - - - - - - -
Invested Capital		 0.00 611 710 1,300 4,787 4,016 3,983 3,118
Invested Capital Turnover		 0.00 1.43 0.79 0.37 0.43 0.51 0.61 0.69
Increase / (Decrease) in Invested Capital		 0.00 611 98 590 3,487 -771 -33 -864
Enterprise Value (EV)		 0.00 0.00 1,373 2,504 5,244 0.00 0.00 3,839
Market Capitalization		 0.00 0.00 875 1,531 2,069 0.00 0.00 751
Book Value per Share		 $0.00 $8.09 $6.18 $10.72 $29.65 $17.05 $13.93 $0.76
Tangible Book Value per Share		 $0.00 $1.53 ($0.94) ($17.19) ($54.97) ($61.41) ($69.52) ($75.65)
Total Capital		 0.00 693 895 1,426 5,062 4,295 4,298 3,350
Total Debt		 0.00 394 684 1,100 3,446 3,489 3,663 3,319
Total Long-Term Debt		 0.00 391 681 1,094 3,427 3,469 3,643 3,299
Net Debt		 0.00 313 498 973 3,171 3,223 3,347 3,088
Capital Expenditures (CapEx)		 -0.01 123 28 15 133 450 357 246
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -31 -27 25 -258 -479 -598 -442
Debt-free Net Working Capital (DFNWC)		 0.00 50 158 152 17 -214 -283 -210
Net Working Capital (NWC)		 0.00 47 155 146 -2.95 -233 -302 -230
Net Nonoperating Expense (NNE)		 14 17 29 -7.38 180 220 260 387
Net Nonoperating Obligations (NNO)		 0.00 313 498 973 3,171 3,210 3,347 3,088
Total Depreciation and Amortization (D&A)		 25 26 35 42 152 311 362 391
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -7.08% -5.21% 6.69% -19.53% -21.23% -24.43% -18.03%
Debt-free Net Working Capital to Revenue		 0.00% 11.53% 30.22% 40.64% 1.25% -9.47% -11.55% -8.59%
Net Working Capital to Revenue		 0.00% 10.71% 29.65% 39.10% -0.22% -10.33% -12.35% -9.38%
Earnings Adjustments		 - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $1.46 ($0.18) $0.00 ($7.32) ($3.51) ($11.71)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 37.71M 31.32M 0.00 58.11M 53.35M 48.47M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $1.46 ($0.18) $0.00 ($7.32) ($3.51) ($11.71)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 37.82M 31.32M 0.00 58.11M 53.35M 48.47M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 31.57M 30.91M 0.00 46.68M 40.09M 48.51M
Normalized Net Operating Profit after Tax (NOPAT)		 76 95 92 -6.81 69 120 178 -6.61
Normalized NOPAT Margin		 18.11% 21.73% 17.59% -1.83% 5.19% 5.31% 7.26% -0.27%
Pre Tax Income Margin		 24.01% 22.35% 14.36% -20.07% -9.00% -20.15% -7.58% -22.55%
Debt Service Ratios		 - - - - - - - -
EBIT to Interest Expense		 5.42 5.24 2.76 -0.19 -0.01 0.00 0.00 0.00
NOPAT to Interest Expense		 3.34 3.83 2.02 -0.21 0.55 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 5.42 -0.09 2.08 -0.44 -1.13 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 3.34 -1.50 1.34 -0.45 -0.57 0.00 0.00 0.00
Payout Ratios		 - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 13.68% -58.39% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 3.65% 11.14% 418.31% -665.14% -75.87% -36.04% -52.84% 0.00%

Quarterly Metrics And Ratios for Bally's

This table displays calculated financial ratios and metrics derived from Bally's' official financial filings.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q2 2025 Q3 2025 Q1 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 6/30/2025 9/30/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - 49,013,195.00 49,122,902.00 97,070,918.00
DEI Adjusted Shares Outstanding		 - - - - - - - - 49,013,195.00 49,122,902.00 97,070,918.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - -4.66 -2.10 -1.67
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 9.20% 9.72% 9.38% 6.07% 3.30% 2.55% -0.40% -5.12% 5.77% 5.36% 0.00%
EBITDA Growth		 270.38% -49.65% 0.77% 38.96% -79.59% -0.62% -195.19% 129.31% 2.60% 123.60% 0.00%
EBIT Growth		 803.22% -88.45% -4.59% 22.30% -118.30% -2.27% -493.28% 100.43% 336.11% 79.93% 0.00%
NOPAT Growth		 1,248.38% -94.64% 41.71% 30.49% -124.36% -6.84% -523.39% 89.78% -143.73% 100.63% 0.00%
Net Income Growth		 9,340.76% -143.11% -10,521.92% 42.90% -197.52% -134.67% -301.05% 69.18% -279.49% 57.15% 0.00%
EPS Growth		 10,700.00% -148.98% -11,600.00% 38.61% -211.42% -158.33% -343.48% 65.63% -203.23% 66.67% 0.00%
Operating Cash Flow Growth		 -177.42% -44.23% -10.63% 53.88% 51.25% -40.68% -32.83% -46.17% 0.00% 0.00% 0.00%
Free Cash Flow Firm Growth		 266.59% 118.48% 111.92% -141.49% -193.10% -34.13% 6.18% 547.64% -175.41% -230.69% 0.00%
Invested Capital Growth		 0.00% -10.64% -6.08% -0.83% 0.00% -7.81% -10.29% -21.70% 6.42% 11.03% 0.00%
Revenue Q/Q Growth		 13.77% 1.25% 4.33% -3.29% 1.11% 0.51% 1.34% -7.87% 0.00% 0.94% 0.00%
EBITDA Q/Q Growth		 163.79% -79.25% 40.51% -273.52% 140.34% 1.04% -234.58% 153.43% 0.00% -70.91% 0.00%
EBIT Q/Q Growth		 147.91% -96.63% 312.44% -769.16% 80.34% 118.02% -1,759.67% 100.74% 0.00% -176.37% 0.00%
NOPAT Q/Q Growth		 137.55% -98.03% 522.47% -948.48% 76.59% 107.54% -2,928.91% 79.52% 0.00% 140.58% 0.00%
Net Income Q/Q Growth		 126.86% -114.38% -140.93% -350.44% 37.53% 65.39% -311.75% 65.39% 0.00% 53.51% 0.00%
EPS Q/Q Growth		 128.05% -114.81% -139.58% -345.22% 29.49% 65.65% -311.29% 65.49% 0.00% 54.79% 0.00%
Operating Cash Flow Q/Q Growth		 -135.29% 597.53% -32.25% 29.36% -111.18% 705.46% -23.29% 3.68% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 1,925.88% -88.28% -40.99% -165.38% -1,958.77% 108.29% -4.87% 175.62% 0.00% -64.87% 0.00%
Invested Capital Q/Q Growth		 -100.00% 0.00% -0.48% -1.42% -4.10% -2.01% -3.16% -13.96% 0.00% 1.04% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 54.90% 55.26% 54.60% 54.75% 54.04% 54.17% 54.56% 53.86% 55.89% 56.02% 52.83%
EBITDA Margin		 76.27% 15.63% 21.06% -37.78% 15.07% 15.15% -20.12% 11.67% 19.20% 5.53% 11.15%
Operating Margin		 62.92% 0.99% 5.89% -51.65% -11.96% 0.90% -25.03% -5.56% -0.37% 0.15% 12.12%
EBIT Margin		 63.36% 2.11% 8.34% -57.72% -11.22% 2.01% -32.94% 0.26% 8.29% -6.27% -7.17%
Profit (Net Income) Margin		 29.79% -4.23% -9.77% -45.51% -28.12% -9.68% -39.34% -14.78% -34.74% -16.00% -21.29%
Tax Burden Percent		 56.42% 47.24% 345.92% 64.79% 122.02% 97.57% 88.05% 128.45% 531.31% 71.99% 98.02%
Interest Burden Percent		 83.32% -424.45% -33.86% 121.69% 205.37% -493.46% 135.65% -4,353.91% -78.85% 354.22% 302.77%
Effective Tax Rate		 43.58% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.37% 2.39% -22.14% -10.82% 0.40% -11.35% -2.69% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -0.60% -0.38% -23.89% -18.07% -1.61% -15.55% -4.65% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -1.50% -1.22% -108.60% -135.37% -7.17% -89.86% -44.89% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 0.00% -1.13% 1.17% -130.74% -146.19% -6.77% -101.20% -47.58% 0.00% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)		 0.00% 5.17% 5.69% 2.65% -212.71% 1.90% 0.95% 19.25% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.75% 3.05% -21.48% -4.17% 0.75% -12.26% 0.10% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 0.00% -1.50% -3.57% -16.94% -10.46% -3.60% -14.64% -5.69% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 0.00% -1.13% 1.17% -130.67% -146.05% -6.77% -101.13% -47.55% 0.00% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -49.17% -44.24% 0.00% -120.11% -146.09% -325.75% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 213 4.19 26 -221 -52 3.90 -110 -23 -1.71 0.69 64
NOPAT Margin		 35.50% 0.69% 4.12% -36.16% -8.37% 0.63% -17.52% -3.89% -0.26% 0.10% 8.49%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.97% 2.77% 1.75% 7.25% 2.01% 4.21% 1.96% 6.78% 3.10% 5.99%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -5.15% - - - -0.67% -0.04% 0.02% 0.95%
Cost of Revenue to Revenue		 45.10% 44.74% 45.40% 45.25% 45.96% 45.83% 45.44% 46.14% 44.11% 43.98% 47.17%
SG&A Expenses to Revenue		 42.02% 41.23% 36.46% 62.42% 40.17% 40.60% 43.43% 46.36% 45.35% 44.06% 41.82%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 -8.02% 54.27% 48.71% 106.40% 66.00% 53.28% 79.59% 59.42% 56.26% 55.87% 40.71%
Earnings before Interest and Taxes (EBIT)		 379 13 53 -353 -69 13 -208 1.53 55 -42 -54
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 457 95 133 -231 93 94 -127 68 126 37 84
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.69 0.67 0.00 1.24 1.23 3.00 24.31 0.75 1.05 0.59
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.40 0.31 0.25 0.00 0.23 0.20 0.28 0.31 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.92 0.93 0.00 1.03 1.02 1.13 1.23 0.96 1.01 0.95
Enterprise Value to Revenue (EV/Rev)		 0.00 1.62 1.55 0.00 1.59 1.54 1.65 1.57 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 12.24 0.00 43.61 42.83 0.00 29.90 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 21.95 22.84 0.00 19.96 23.34 27.94 33.67 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 16.82 15.78 0.00 0.00 51.70 112.53 5.62 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 3.22 3.84 5.76 8.18 9.33 15.70 107.40 5.57 7.17 1.88
Long-Term Debt to Equity		 0.00 3.19 3.82 5.73 8.14 9.28 15.62 106.77 5.54 7.13 1.87
Financial Leverage		 0.00 2.50 3.19 4.55 7.49 4.45 5.78 9.65 6.46 9.12 1.60
Leverage Ratio		 0.00 5.30 6.65 9.13 14.75 9.33 11.79 19.08 13.88 18.47 5.85
Compound Leverage Factor		 0.00 -22.49 -2.25 11.11 30.30 -46.05 16.00 -830.70 -10.95 65.44 17.70
Debt to Total Capital		 0.00% 76.31% 79.34% 85.21% 89.11% 90.32% 94.01% 99.08% 84.79% 87.76% 65.29%
Short-Term Debt to Total Capital		 0.00% 0.67% 0.45% 0.45% 0.47% 0.48% 0.50% 0.58% 0.46% 0.46% 0.25%
Long-Term Debt to Total Capital		 0.00% 75.64% 78.89% 84.76% 88.64% 89.84% 93.51% 98.50% 84.33% 87.30% 65.04%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.00% 0.29% 0.01% 22.98%
Common Equity to Total Capital		 0.00% 23.68% 20.65% 14.78% 10.88% 9.67% 5.98% 0.92% 14.92% 12.23% 11.72%
Debt to EBITDA		 0.00 -103.63 11.26 8.08 40.85 41.04 -21.54 25.85 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 -93.64 10.28 7.38 37.40 37.41 -19.89 24.05 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 -102.72 11.19 8.03 40.63 40.82 -21.43 25.70 0.00 0.00 0.00
Debt to NOPAT		 0.00 -12.84 -142.40 50.31 -15.17 -15.12 -9.68 -18.35 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 -11.60 -130.09 45.98 -13.88 -13.78 -8.94 -17.07 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 -12.73 -141.60 50.04 -15.09 -15.04 -9.62 -18.25 0.00 0.00 0.00
Altman Z-Score		 0.00 0.32 0.30 0.00 0.18 0.20 0.05 0.18 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.17% 0.05% 0.06% 0.10% 0.06% 0.08% 0.06% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.00 0.78 0.65 0.65 0.61 0.60 0.56 0.66 0.49 0.68 1.11
Quick Ratio		 0.00 0.37 0.30 0.27 0.27 0.24 0.29 0.33 0.27 0.40 0.75
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 4,158 487 288 -188 -3,871 321 305 842 -242 -399 0.00
Operating Cash Flow to CapEx		 -31.70% 96.50% 32.28% 128.79% -18.86% 102.63% 35.10% 70.39% 0.00% 0.00% -297.52%
Free Cash Flow to Firm to Interest Expense		 65.72 7.26 4.07 0.00 -52.93 4.33 4.13 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 -0.25 1.19 0.77 0.00 -0.11 0.64 0.49 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -1.06 -0.04 -1.61 0.00 -0.68 0.02 -0.91 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.35 0.37 0.37 0.37 0.37 0.37 0.39 0.00 0.00 0.00
Accounts Receivable Turnover		 0.00 37.46 35.10 34.49 36.89 37.81 36.95 38.95 0.00 0.00 0.00
Inventory Turnover		 0.00 68.96 70.37 76.70 71.21 67.74 68.19 66.17 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 2.34 2.23 2.06 2.24 2.18 2.50 2.71 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 13.78 8.45 15.88 18.85 13.16 7.96 14.50 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 9.74 10.40 10.58 9.90 9.65 9.88 9.37 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 5.29 5.19 4.76 5.13 5.39 5.35 5.52 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 26.49 43.20 22.99 19.37 27.73 45.85 25.17 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 -11.45 -27.62 -7.65 -4.35 -12.69 -30.62 -10.29 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 0.00 4,059 4,040 3,983 3,819 3,742 3,624 3,118 3,983 4,024 6,096
Invested Capital Turnover		 0.00 0.54 0.58 0.61 1.29 0.64 0.65 0.69 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 -3,945 -483 -262 -33 3,819 -317 -416 -864 240 400 0.00
Enterprise Value (EV)		 0.00 3,743 3,746 0.00 3,929 3,834 4,092 3,839 3,822 4,048 5,773
Market Capitalization		 911 718 598 0.00 559 485 701 751 470 545 468
Book Value per Share		 $0.00 $22.51 $19.65 $13.93 $11.21 $9.71 $5.74 $0.76 $12.86 $10.62 $16.30
Tangible Book Value per Share		 $0.00 ($58.93) ($65.30) ($69.52) ($81.77) ($80.96) ($86.65) ($75.65) ($61.84) ($62.16) ($113.44)
Total Capital		 0.00 4,386 4,342 4,298 4,130 4,067 3,905 3,350 4,224 4,264 6,750
Total Debt		 0.00 3,347 3,445 3,663 3,680 3,673 3,671 3,319 3,581 3,742 4,407
Total Long-Term Debt		 0.00 3,318 3,425 3,643 3,661 3,654 3,651 3,299 3,562 3,723 4,390
Net Debt		 0.00 3,024 3,147 3,347 3,369 3,349 3,390 3,088 3,340 3,502 3,754
Capital Expenditures (CapEx)		 51 83 168 55 42 46 104 54 0.00 0.00 49
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -444 -571 -598 -631 -673 -649 -442 -725 -516 -521
Debt-free Net Working Capital (DFNWC)		 0.00 -121 -273 -283 -320 -348 -369 -210 -484 -276 133
Net Working Capital (NWC)		 0.00 -151 -292 -302 -340 -368 -388 -230 -504 -296 115
Net Nonoperating Expense (NNE)		 34 30 88 57 122 64 137 63 227 107 225
Net Nonoperating Obligations (NNO)		 0.00 3,020 3,143 3,347 3,369 3,349 3,390 3,088 3,340 3,502 3,754
Total Depreciation and Amortization (D&A)		 77 82 80 122 163 82 81 66 72 78 138
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -19.23% -23.63% -24.43% -25.56% -27.07% -26.15% -18.03% 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% -5.25% -11.30% -11.55% -12.97% -14.02% -14.85% -8.59% 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 0.00% -6.53% -12.10% -12.35% -13.76% -14.80% -15.63% -9.38% 0.00% 0.00% 0.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.48) ($1.15) ($5.16) ($3.61) ($1.24) ($5.10) ($1.76) ($3.76) ($1.70) ($2.69)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 53.94M 53.58M 53.35M 48.12M 48.50M 48.60M 48.47M 60.69M 60.64M 60.25M
Adjusted Diluted Earnings per Share		 $0.00 ($0.48) ($1.15) ($5.12) ($3.61) ($1.24) ($5.10) ($1.76) ($3.76) ($1.70) ($2.69)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 53.94M 53.58M 53.35M 48.12M 48.50M 48.60M 48.47M 60.69M 60.64M 60.25M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 45.63M 45.62M 40.09M 40.48M 40.63M 40.67M 48.51M 49.12M 49.16M 48.95M
Normalized Net Operating Profit after Tax (NOPAT)		 213 4.19 26 -221 -52 3.90 -110 -23 -1.71 0.69 64
Normalized NOPAT Margin		 35.50% 0.69% 4.12% -36.16% -8.37% 0.63% -17.52% -3.89% -0.26% 0.10% 8.49%
Pre Tax Income Margin		 52.79% -8.96% -2.82% -70.24% -23.05% -9.92% -44.68% -11.51% -6.54% -22.22% -21.72%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 6.00 0.19 0.75 0.00 -0.95 0.17 -2.81 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 3.36 0.06 0.37 0.00 -0.71 0.05 -1.49 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 5.19 -1.05 -1.64 0.00 -1.52 -0.46 -4.21 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 2.56 -1.18 -2.01 0.00 -1.28 -0.57 -2.90 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -37.56% -33.39% -12.93% -52.84% -14.70% -11.95% -9.03% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Bally’s Corp. showed a sharp deterioration in profitability and cash generation in Q1 2026, even as revenue continued to grow. Revenue rose to $755.7 million from $663.7 million in Q3 2025 and $580.4 million in Q4 2024, but the company still posted a net loss of $160.9 million. That is a meaningful improvement from the $228.4 million loss in Q2 2025, but it remains well below break-even.

One of the biggest concerns is operating cash flow. Bally’s burned $145.0 million in operating cash in Q1 2026, compared with positive operating cash flow in Q4 2024 and the prior year periods. At the same time, the company spent heavily on acquisitions and capital investment, which helped drive a $253.3 million decline in cash and equivalents during the quarter.

The balance sheet improved in one important way: cash increased sharply. Cash and equivalents ended Q1 2026 at $559.3 million, up from $160.7 million in Q3 2025 and $174.6 million in Q2 2025. However, that improvement came alongside a large increase in debt and other financing activity, so investors should not view the higher cash balance as a sign of fundamental strengthening on its own.

Debt remains the core issue. Bally’s reported $4.39 billion of long-term debt and $17.2 million of short-term debt in Q1 2026, versus $3.72 billion of long-term debt in Q3 2025 and $3.56 billion in Q2 2025. Interest expense and financing costs continue to weigh heavily on earnings and cash flow.

Compared with 2024 and 2023, the trend is mixed but still challenging. Revenue has grown from roughly $618 million in Q1 2024 to $756 million in Q1 2026, but profitability has remained inconsistent and generally negative. Bally’s was able to post positive net income in Q1 2023 and Q3 2022, but the last several reported quarters show recurring losses and high interest burden.

  • Revenue growth continued to $755.7 million in Q1 2026, up from $663.7 million in Q3 2025 and $580.4 million in Q4 2024.
  • Cash and equivalents rose materially to $559.3 million, giving the company more near-term liquidity.
  • Gross profit stayed healthy at $399.3 million in Q1 2026, showing the core business still produces meaningful margin before overhead and financing costs.
  • Net loss improved sequentially versus Q2 2025, narrowing from a $228.4 million loss to $160.9 million.
  • Depreciation and amortization remain large, which supports reported EBITDA-like earnings but also reflects a capital-intensive business model.
  • Noncontrolling interest is substantial at $1.55 billion in Q1 2026, making the equity structure more complex for common shareholders.
  • Goodwill and intangibles are significant, which increases the risk of future impairment charges if operating performance weakens.
  • Operating cash flow was deeply negative at $(145.0 million) in Q1 2026.
  • Debt load remains very high at more than $4.4 billion of long-term debt, limiting financial flexibility.
  • Investing and acquisition spending was heavy, including $516.2 million of acquisitions in Q1 2026, which adds execution risk.

Bottom line: Bally’s is growing revenue, but the company is still struggling to convert that growth into durable earnings and positive free cash flow. The big increase in cash is helpful, but the combination of recurring losses, negative operating cash flow, and a large debt burden keeps the risk profile elevated for retail investors.

06/13/26 12:10 PM ETAI Generated. May Contain Errors.

Bally's Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Bally's' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

Bally's' net income appears to be on an upward trend, with a most recent value of -$567.75 million in 2024, falling from $62.25 million in 2017. The previous period was -$187.50 million in 2023. Check out Bally's' forecast to explore projected trends and price targets.

Bally's' total operating income in 2024 was -$258.33 million, based on the following breakdown:
  • Total Gross Profit: $1.33 billion
  • Total Operating Expenses: $1.59 billion

Over the last 7 years, Bally's' total revenue changed from $421.05 million in 2017 to $2.45 billion in 2024, a change of 482.0%.

Bally's' total liabilities were at $8.69 billion at the end of 2025, a 49.0% increase from 2024, and a 1,695.7% increase since 2018.

In the past 7 years, Bally's' cash and equivalents has ranged from $77.58 million in 2018 to $798.42 million in 2025, and is currently $798.42 million as of their latest financial filing in 2025.

Over the last 7 years, Bally's' book value per share changed from 0.00 in 2017 to 0.76 in 2024, a change of 76.0%.


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Financial statements for NYSE:BALY last updated on 6/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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