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Wynn Resorts WYNN Pre-opening costs

Pre-opening costs at other companies

Las Vegas Sands logo
Las Vegas SandsLVS
$4M0.0%

Other financials

Income statement

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Revenue$1.9B+9.2%
Operating income$282.6M+5.2%
Net income$120.5M+65.6%
EPS (diluted)$1.04+50.7%

Balance sheet

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Cash & equivalents$1.1B-16.0%
Total debt$12.2B-0.2%
Total equity-$211.8M+41.3%
Total assets$12.9B+1.4%

Cash flow

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Operating cash flow$153.5M+14.7%
CapEx$179.1M+12.0%
Free cash flow-$25.6M+2.1%

Valuation

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Market cap$10.95B+19.2%
Enterprise value$22.02B+9.5%
P/E29.2×+7.8×
P/S1.5×+0.2×

Profitability

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Operating margin15.5%+0.6pp
Net margin5.1%-1.0pp
FCF margin9.5%-1.5pp

Returns & leverage

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Return on equity-398.7%
Debt / equity117.2×
Current ratio1.2×+0.2×

Where this comes from

Reported directly by Wynn Resorts in its filing.

Tagged under the XBRL concept us-gaap:PreOpeningCosts.

The official record: Wynn Resorts’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Wynn Resorts's pre-opening costs?
Wynn Resorts (WYNN) reported pre-opening costs of $11.75M in Q1 2026.
How has Wynn Resorts's pre-opening costs changed year-over-year?
Wynn Resorts's pre-opening costs increased by 122.1% year-over-year, from $5.29M to $11.75M.
What is the long-term trend for Wynn Resorts's pre-opening costs?
Over 4 years (2021 to 2025), Wynn Resorts's pre-opening costs has grown at a 54.1% compound annual growth rate (CAGR), from $6.82M to $38.49M.
What does pre-opening costs mean?
Expenses spent on preparing a new location or facility for business before it officially opens to the public.
How do you interpret pre-opening costs?
High levels indicate active growth and expansion phases, which may temporarily depress current earnings but signal future revenue potential.
How does pre-opening costs compare across companies?
Highly dependent on the development pipeline and capital expenditure cycle of the company.