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Pre-opening costs at other companies

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Wynn ResortsWYNN
$9.23M-18.2%

Segments

By segment

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Entertainment$387K+345%

Other financials

Income statement

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Revenue$664.6M+13.2%
Gross profit$290.3M+11.4%
Operating income$137.8M+18.7%
Net income$70.5M+11.9%
EPS (diluted)$1.03+3.0%

Balance sheet

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Cash & equivalents$424.0M+2.5%
Total debt$4.1B+17.7%
Total equity$732.8M+37.9%
Total assets$6.2B+18.2%

Cash flow

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Operating cash flow$169.2M+72.3%
CapEx$113.7M+0.8%
Free cash flow$55.6M+483%

Valuation

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Market cap$8.05B+35.4%
Enterprise value$11.76B+21.9%
P/E32.1×+9.4×
P/S+0.6×

Profitability

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Gross margin43.9%-0.1pp
Operating margin19.2%-2.1pp
Net margin9.5%-2.7pp
FCF margin11.4%+2.0pp

Returns & leverage

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Return on equity39.7%-15.2pp
Debt / equity5.6×-1.0×

Where this comes from

Reported directly by Ryman Hospitality Properties in its filing.

Tagged under the XBRL concept us-gaap:PreOpeningCosts.

The source filing: Ryman Hospitality Properties’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 12:39 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-053780
Line itemThree Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Total hotel operating expenses374,294326,815
Entertainment65,10969,770
Corporate11,28510,770
Preopening costs38787
Depreciation and amortization75,70163,717
Total operating expenses526,776471,159
Operating income137,796116,121
Interest expense(64,119)(54,283)

ITEM 1. – FINANCIAL STATEMENTS.

FAQ

What is Ryman Hospitality Properties's pre-opening costs?
Ryman Hospitality Properties (RHP) reported pre-opening costs of $387K in Q1 2026.
How has Ryman Hospitality Properties's pre-opening costs changed year-over-year?
Ryman Hospitality Properties's pre-opening costs increased by 344.8% year-over-year, from $87K to $387K.
What is the long-term trend for Ryman Hospitality Properties's pre-opening costs?
Over 4 years (2021 to 2025), Ryman Hospitality Properties's pre-opening costs has grown at a 40.6% compound annual growth rate (CAGR), from $737K to $2.88M.
What does pre-opening costs mean?
Pre-opening costs are expenses incurred in the period leading up to the launch of a new property or significant expansion. These include marketing, staff training, and initial operational setup costs that are expensed as incurred rather than capitalized.

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