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Churchill Downs CHDN Racing event-related services — Net revenue

Other product segments

Gaming
$257M-2.3%
Pari-mutuel, historical racing
$257M+4.5%
Pari-mutuel, live and simulcast racing
$102M0.0%

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Other financials

Income statement

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Revenue$663.0M+3.1%
Operating income$143.0M+5.9%
Net income$83.0M+7.8%
EPS (diluted)$1.16+13.7%

Balance sheet

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Cash & equivalents$291.0M+7.4%
Total debt$1.8B+2.6%
Total equity$1.1B+2.2%
Total assets$7.5B+1.9%

Cash flow

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Operating cash flow$295.0M+19.4%
CapEx$19.0M+46.2%
Free cash flow$276.0M+17.9%

Valuation

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Market cap$6.15B-23.3%

Profitability

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Operating margin23.5%-2.3pp
Net margin13.2%-2.0pp
FCF margin25.2%+0.8pp

Returns & leverage

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Return on equity35.9%-8.7pp
Debt / equity1.7×0.0×
Current ratio0.5×0.0×

Where this comes from

Reported directly by Churchill Downs in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Churchill Downs’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Churchill Downs's racing event-related services — net revenue?
Churchill Downs (CHDN) reported racing event-related services — net revenue of $2M in Q1 2026.
How has Churchill Downs's racing event-related services — net revenue changed year-over-year?
Churchill Downs's racing event-related services — net revenue decreased by 0.0% year-over-year, from $2M to $2M.
What is the long-term trend for Churchill Downs's racing event-related services — net revenue?
Over 4 years (2021 to 2025), Churchill Downs's racing event-related services — net revenue has grown at a 24.6% compound annual growth rate (CAGR), from $76.7M to $184.9M.
What does racing event-related services — net revenue mean?
This metric represents the total net revenue generated from services directly associated with hosting and managing live racing events. It captures income streams derived from event operations, such as facility usage, hospitality services, and specialized event-related support, excluding direct wagering handle. This figure serves as a key indicator of the operational scale and commercial success of the company's live racing event infrastructure.