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MGM Resorts International MGM Unpaid wagers and other — Contract and contract-related liabilities

Other product segments

Casino front money
$334.16M+2.8%
Advance deposits and ticket sales
$287.24M+5.8%

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FLUTPlayer deposit liability
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LVSLas Vegas Operating Properties — Other accrued liabilities
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DKNGLiabilities to users
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Other financials

Income statement

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Revenue$4.5B+4.2%
Operating income$301.2M-21.8%
Net income$125.1M-15.8%
EPS (diluted)$0.48-5.9%

Balance sheet

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Cash & equivalents$2.3B+1.0%
Total debt$31.7B-0.6%
Total equity$2.4B-14.7%
Total assets$41.4B-1.2%

Cash flow

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Operating cash flow$567.8M+3.8%
CapEx$154.7M-32.2%
Free cash flow$413.1M+29.5%

Valuation

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Market cap$11.98B+11.9%
Enterprise value$41.38B+2.1%
P/E65.7×+49.9×
P/S0.7×+0.1×

Profitability

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Operating margin5.2%-3.1pp
Net margin1%-2.9pp
FCF margin8.8%+2.0pp

Returns & leverage

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Return on equity6.9%-14.6pp
Debt / equity13×+1.9×
Current ratio1.3×0.0×

Where this comes from

Reported directly by MGM Resorts International in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The official record: MGM Resorts International’s 10-K, filed February 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MGM Resorts International's unpaid wagers and other — contract and contract-related liabilities?
MGM Resorts International (MGM) reported unpaid wagers and other — contract and contract-related liabilities of $238.72M in Q4 2025.
How has MGM Resorts International's unpaid wagers and other — contract and contract-related liabilities changed year-over-year?
MGM Resorts International's unpaid wagers and other — contract and contract-related liabilities increased by 4.3% year-over-year, from $228.81M to $238.72M.
What does unpaid wagers and other — contract and contract-related liabilities mean?
The total amount of money the company owes to customers for unsettled bets, chips, and other gaming-related balances.
How do you interpret unpaid wagers and other — contract and contract-related liabilities?
An increase typically indicates higher levels of active gaming volume and customer engagement, while a decrease may suggest lower betting activity or a reduction in outstanding gaming liabilities.
How does unpaid wagers and other — contract and contract-related liabilities compare across companies?
Similar to 'customer deposits' or 'outstanding gaming liabilities' reported by other major casino operators and integrated resort companies.