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CNTY

Century Casinos, Inc.

CNTY

Century Casinos, Inc. • NASDAQ
$1.52 ▲ 5.56% (+0.08)
Market Cap $45.63 M
52w High $4.29
52w Low $1.30
Dividend Yield 0%
P/E -0.43
Volume 25.29K
Outstanding Shares 30.02M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $153.724M ▲ $37.05M ▲ $-10.548M ▲ -6.862% ▲ $-0.35 ▲ $54.325M ▲
Q2-2025 $150.818M ▲ $35.704M ▼ $-12.309M ▲ -8.161% ▲ $-0.4 ▲ $32.692M ▲
Q1-2025 $130.443M ▼ $48.482M ▼ $-20.613M ▲ -15.802% ▲ $-0.67 ▲ $21.802M ▲
Q4-2024 $137.772M ▼ $93.008M ▲ $-64.894M ▼ -47.102% ▼ $-2.11 ▼ $-19.452M ▼
Q3-2024 $155.701M $48.596M $-8.119M -5.214% $-0.26 $34.313M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $77.7M ▼ $1.159B ▼ $1.147B ▼ $-78.611M ▼
Q2-2025 $85.541M ▲ $1.208B ▼ $1.158B ▲ $-41.493M ▼
Q1-2025 $84.705M ▼ $1.213B ▼ $1.15B ▲ $-28.917M ▼
Q4-2024 $98.769M ▼ $1.226B ▼ $1.144B ▼ $-9.3M ▼
Q3-2024 $118.77M $1.303B $1.154B $56.805M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-9.395M ▲ $144K ▼ $-4.826M ▲ $-2.835M ▲ $-7.708M ▼ $-4.732M ▼
Q2-2025 $-9.573M ▲ $11.282M ▲ $-5.626M ▲ $-5.628M ▼ $821K ▲ $5.473M ▲
Q1-2025 $-18.879M ▲ $-4.624M ▼ $-7.356M ▲ $-2.239M ▼ $-14.027M ▲ $-11.99M ▲
Q4-2024 $-63.653M ▼ $-2.255M ▼ $-14.63M ▼ $-1.765M ▲ $-20.088M ▼ $-16.944M ▼
Q3-2024 $-6.725M $7.432M $-10.206M $-2.23M $-4.343M $-2.775M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Food And Beverage
Food And Beverage
 $30.00M ▲$10.00M ▼$10.00M ▲$20.00M ▲
Gaming
Gaming
 $210.00M ▲$100.00M ▼$110.00M ▲$110.00M ▲
Hotel
Hotel
 $20.00M ▲$10.00M ▼$10.00M ▲$10.00M ▲
Other
Other
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been steadily climbing over the last several years, and the core casino operations appear reasonably healthy at the gross profit level. However, the company has struggled to turn that revenue into consistent bottom-line profits. Operating performance has swung from profit to roughly break-even, and net results have recently slipped into notable losses despite the higher sales base. This suggests that interest costs, depreciation, one‑off charges, or integration costs from acquisitions may be weighing on reported earnings. Overall, the business is generating activity and margin at the operating level, but profitability for shareholders has been volatile and recently negative.

Balance Sheet

Balance Sheet The balance sheet shows a business that has expanded its asset base but has relied heavily on borrowing to do so. Debt levels are high relative to the company’s equity, which has thinned out over time and most recently turned slightly negative. Cash on hand is modest compared with the amount of debt, which limits flexibility if conditions weaken. In plain terms, the company looks fairly leveraged and financially tight, with little cushion, so the success of its properties and integration of recent investments matters a great deal for future stability.

Cash Flow

Cash Flow Cash generation from the underlying business has been positive in most recent years but not particularly strong, and it softened to around break-even most recently. At the same time, the company continues to spend meaningfully on property upgrades and new projects, which has pushed free cash flow into negative territory in several years. That means Century has depended on external funding—mainly debt or sale‑leaseback structures—to support its growth and modernization. The cash-flow profile fits a company in investment mode, but it also heightens sensitivity to execution and financing conditions.

Competitive Edge

Competitive Edge Century operates primarily in regional and mid‑sized markets rather than battling the biggest names in Las Vegas and other major destinations. Its edge comes from focusing on overlooked or less crowded local markets, upgrading acquired properties, and building strong regional brands with loyal repeat customers. Partnerships with a large gaming REIT for real estate and with a leading sports‑betting operator help it access capital and technology it could not easily build on its own. However, the company still operates in a highly competitive industry where larger rivals have deeper pockets, and fixed lease and interest obligations limit room for error if local demand dips.

Innovation and R&D

Innovation and R&D Innovation at Century is more about steady modernization than headline‑grabbing breakthroughs. The company is refreshing its gaming floors with newer machines and electronic table games, rolling out a mobile app and loyalty program, and leaning on a sports‑betting partner for online and mobile wagering capabilities. These steps are designed to make properties more appealing, keep customers engaged, and use data to personalize offers. While formal research and development spending is not a major feature of the story, Century is gradually adopting proven technologies and analytics tools to keep pace with evolving customer expectations rather than trying to lead the industry in cutting‑edge innovation.

Summary

Century Casinos is a regional gaming operator that has grown its revenue base and property footprint but at the cost of a more stretched balance sheet and uneven profitability. The core casino operations can generate healthy gross margins, yet recent years show net losses as financing costs, non‑cash charges, or integration expenses weigh on results. The company’s strategy centers on acquiring and upgrading mid‑sized properties in less crowded markets, supported by strategic partnerships for real estate and sports betting, and by a stronger focus on modern amenities and loyalty programs. The main opportunity lies in fully realizing the earnings power of the expanded portfolio, while the main risks are high leverage, thin equity, modest cash buffers, and the need for continued investment in a cyclical, competitive industry.

NEWS

November 10, 2025 · 4:15 PM UTC

Century Casinos, Inc. Announces Third Quarter 2025 Results

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November 5, 2025 · 9:24 AM UTC

Century Casinos Announces Rescheduled Dates of Third Quarter 2025 Earnings Release and Conference Call

Read more