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Bally's BALY Casinos & Resorts — Adjusted EBITDAR

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Other financials

Income statement

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Revenue$755.7M+105%
Operating income$91.6M+5,161%
Net income-$161.9M-569%
EPS (diluted)-$2.69-572%

Balance sheet

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Cash & equivalents$653.4M+183%
Total debt$6.8B+23.0%
Total equity$791.3M-0.6%
Total assets$10.9B+45.9%

Cash flow

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Operating cash flow-$145.0M-445%
CapEx$38.9M+27.6%
Free cash flow-$183.9M-1,693%

Valuation

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Market cap$637.31M+30.7%
Enterprise value$6.81B+14.5%
P/S0.1×-0.1×

Profitability

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Operating margin-4.2%-1.4pp
Net margin-25.3%+31.2pp
FCF margin-12%

Returns & leverage

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Return on equity-144%-434pp
Debt / equity8.6×+1.7×
Current ratio1.1×+0.4×

Where this comes from

Reported directly by Bally's in its filing.

Tagged under the XBRL concept baly:AdjustedEBITDAR.

The source filing: Bally's’s 10-Q, filed May 18, 2026.

Filed
May 18, 2026, 4:57 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001747079-26-000046
(in thousands)Successor / Three Months Ended March 31, 2026Successor / Period from February 8, 2025 to March 31, 2025Period from January 1, 2025 to February 7, 2025
Corporate & Other1,6441,536273
Total$755,722$368,694$220,498
Adjusted EBITDAR(1)
Casinos & Resorts$96,196$71,540$23,554
Bally’s Intralot B2B15,1164,8833,720
Bally’s Intralot B2C87,09243,31225,220
North America Interactive(7,137)(2,345)(5,661)
Corporate & Other(12,336)(9,703)(6,774)

ITEM 1. Financial Statements

FAQ

What is Bally's's casinos & resorts — adjusted EBITDAR?
Bally's (BALY) reported casinos & resorts — adjusted EBITDAR of $96.2M in Q1 2026.
How has Bally's's casinos & resorts — adjusted EBITDAR changed year-over-year?
Bally's's casinos & resorts — adjusted EBITDAR increased by 34.5% year-over-year, from $71.54M to $96.2M.
What is the long-term trend for Bally's's casinos & resorts — adjusted EBITDAR?
Over 3 years (2021 to 2024), Bally's's casinos & resorts — adjusted EBITDAR has grown at a 2.4% compound annual growth rate (CAGR), from $345.28M to $370.52M.
What does casinos & resorts — adjusted EBITDAR mean?
Measures the operational profitability of the Casinos & Resorts segment by adding back rent, interest, taxes, depreciation, amortization, and restructuring costs to earnings. This metric is a standard industry benchmark for evaluating the core cash-generating capability of gaming and hospitality properties, independent of capital structure or lease arrangements.

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