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Boyd Gaming BYD Net gains (losses) on investments

Net gains (losses) on investments at other companies

MGM Resorts International logo
MGM Resorts InternationalMGM
-$7.43M-332%
PENN Entertainment, Inc. logo
PENN Entertainment, Inc.PENN
$8.6M-35.3%
Caesars Entertainment, Inc. logo
Caesars Entertainment, Inc.CZR
$6M
BAL
Bally'sBALY
-$104.27M-1,981%
Churchill Downs logo
Churchill DownsCHDN
$41M+10.5%
CPH
Canterbury Park Holding CorporationCPHC
-$1.22M+22.7%

Other financials

Income statement

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Revenue$1.0B0.0%
Operating income$200.7M-17.2%
Net income$131.2M-13.4%
EPS (diluted)$1.75-4.9%

Balance sheet

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Cash & equivalents$372.7M+19.7%
Total debt$2.9B-30.7%
Total equity$2.5B+88.0%
Total assets$6.6B+2.2%

Cash flow

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Operating cash flow$134.3M-47.6%
CapEx$155.2M-8.7%
Free cash flow-$20.8M-124%

Valuation

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Market cap$5.92B-9.4%
Enterprise value$8.47B-6.4%
P/E3.3×-8.3×
P/S1.4×-0.2×

Profitability

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Operating margin16.4%-6.6pp
Net margin44.3%+30.3pp
FCF margin6.9%-5.3pp

Returns & leverage

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Return on equity94.6%+59.0pp
Debt / equity1.2×-2.0×
Current ratio0.6×-0.2×

Where this comes from

Reported directly by Boyd Gaming in its filing.

Tagged under the XBRL concept us-gaap:GainLossOnInvestments.

The source filing: Boyd Gaming’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:07 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001437749-26-014192
(In thousands)Three Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Non-cash operating lease expense25,86723,333
Share-based compensation expense7,6987,605
Deferred income taxes(334)2,411
Non-cash interest income(855)(418)
Non-cash impairment of assets32,272
Loss on early extinguishments and modifications of debt391
Other operating activities9,687(2,417)
Changes in operating assets and liabilities, excluding the impact of acquisitions:

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FAQ

What is Boyd Gaming's net gains (losses) on investments?
Boyd Gaming (BYD) reported net gains (losses) on investments of $855K in Q1 2026.
How has Boyd Gaming's net gains (losses) on investments changed year-over-year?
Boyd Gaming's net gains (losses) on investments increased by 104.5% year-over-year, from $418K to $855K.
What does net gains (losses) on investments mean?
Realized and unrealized gains/losses on investments removed from operating cash flow since they're investing-related.

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