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WYNN

Wynn Resorts, Limited

WYNN

Wynn Resorts, Limited • NASDAQ
$128.68 ▼ -0.60% (-0.78)
Market Cap $13.38 B
52w High $134.23
52w Low $65.25
Dividend Yield 1.00%
P/E 28.6
Volume 861.16K
Outstanding Shares 103.97M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.834B ▲ $445.811M ▼ $88.341M ▲ 4.818% ▲ $0.86 ▲ $499.972M ▲
Q2-2025 $1.738B ▲ $461.606M ▲ $66.218M ▼ 3.81% ▼ $0.64 ▼ $395.007M ▼
Q1-2025 $1.7B ▼ $450.025M ▲ $72.747M ▼ 4.278% ▼ $0.69 ▼ $405.456M ▼
Q4-2024 $1.839B ▲ $436.383M ▼ $276.972M ▲ 15.063% ▲ $2.56 ▲ $595.738M ▲
Q3-2024 $1.693B $582.87M $-32.053M -1.893% $-0.29 $335.907M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.961B ▼ $12.802B ▲ $13.944B ▲ $-370.042M ▲
Q2-2025 $1.985B ▼ $12.689B ▼ $13.897B ▲ $-441.54M ▼
Q1-2025 $2.07B ▼ $12.724B ▼ $13.826B ▼ $-360.678M ▼
Q4-2024 $2.426B ▲ $12.978B ▼ $13.947B ▼ $-224.161M ▲
Q3-2024 $2.407B $14.111B $15.177B $-281.402M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $128.427M ▲ $0 ▼ $0 ▲ $0 ▲ $0 ▲ $0 ▼
Q2-2025 $76.961M ▼ $405.062M ▲ $-234.525M ▼ $-249.035M ▲ $-85.448M ▲ $239.646M ▲
Q1-2025 $81.405M ▼ $133.774M ▼ $-221.511M ▼ $-266.951M ▲ $-356.317M ▲ $-26.457M ▼
Q4-2024 $322.36M ▲ $479.028M ▲ $-210.07M ▼ $-1.456B ▼ $-1.187B ▼ $351.789M ▲
Q3-2024 $-5.415M $279.321M $398.138M $558.054M $1.239B $177.967M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Casino
Casino
 $2.12Bn ▲$1.04Bn ▼$1.05Bn ▲$1.17Bn ▲
Entertainment Retail And Other
Entertainment Retail And Other
 $280.00M ▲$140.00M ▼$130.00M ▼$130.00M ▲
Food and Beverage
Food and Beverage
 $540.00M ▲$250.00M ▼$260.00M ▲$260.00M ▲
Occupancy
Occupancy
 $630.00M ▲$270.00M ▼$290.00M ▲$270.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Wynn’s income statement shows a clear recovery story. Sales have climbed steadily over the past few years, and profit margins have expanded as operations normalized after the pandemic. The company has moved from sizable losses to solid operating profits and positive net income, although earnings still bounce around from year to year. Overall, the core business looks much healthier, but results remain sensitive to travel, tourism, and gaming demand in its key markets.

Balance Sheet

Balance Sheet The balance sheet is still the weak spot. The company carries a heavy debt load, while shareholder equity is negative, reflecting past losses and financial structuring. Cash on hand is meaningful but has trended down from earlier highs, which makes ongoing access to financing and stable cash generation important. In simple terms, Wynn has strong assets and properties, but it is financially leveraged and needs its resorts to keep performing well to comfortably manage its obligations.

Cash Flow

Cash Flow Cash flow has improved markedly. Operating cash flow has turned solidly positive, showing that the resorts are now generating real cash rather than consuming it. After covering capital spending, there is positive free cash flow, a sharp contrast to the cash burn seen during the pandemic period. This gives Wynn more flexibility, but large future projects and the existing debt stack mean cash discipline will remain important.

Competitive Edge

Competitive Edge Wynn positions itself at the very top of the luxury resort and casino market. Its brand, service levels, property design, and collection of awards create a strong moat and attract high‑spending guests willing to pay a premium. Partnerships like the planned private members’ club in Las Vegas and the move into the UAE further reinforce its image of exclusivity. The flip side is concentration in a few highly competitive and tightly regulated markets, which exposes Wynn to shifts in tourism flows, regulation, and regional economic conditions.

Innovation and R&D

Innovation and R&D While Wynn does not follow a classic “R&D lab” model, it invests heavily in technology and experience design. Smart rooms with voice control, a feature‑rich mobile app, AI‑driven service tools, and advanced gaming tables are all aimed at making the guest journey smoother and more personalized. The upcoming Wynn Al Marjan Island is intended as a showcase for smart gaming, modern payments, and data‑driven personalization, effectively acting as a next‑generation testbed for the brand. Sustainability initiatives, including renewable energy and emissions reductions, also signal a longer‑term, innovation‑led mindset rather than a purely short‑term focus.

Summary

Wynn has transitioned from crisis mode to recovery, with revenues, profitability, and cash flows all moving in the right direction. Its luxury brand, iconic properties, and technology‑enhanced guest experience support a strong competitive position at the high end of the market. However, this strength is balanced by a leveraged balance sheet, negative equity, and exposure to cyclical and regulatory swings in a small set of key geographies. The large pipeline project in the UAE offers meaningful growth potential but also adds execution and capital‑allocation risk. Overall, Wynn looks like a high‑quality, high‑end operator with improved financial momentum but a capital structure and industry profile that require ongoing attention to risk.

NEWS

November 28, 2025 · 4:01 PM UTC

Wynn Resorts Announces Wynn Al Marjan Island Analyst & Investor UAE Market Tour

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November 9, 2025 · 11:00 PM UTC

Development Partners of Wynn Al Marjan Island Announce Plan for Janu Al Marjan Island

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November 6, 2025 · 4:01 PM UTC

Wynn Resorts, Limited Reports Third Quarter 2025 Results

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October 17, 2025 · 3:00 PM UTC

BROAD ARROW'S WYNN LAS VEGAS AUCTION FEATURES SOUGHT-AFTER CARS FOR EVERY COLLECTOR'S TASTE

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October 1, 2025 · 4:01 PM UTC

Wynn Resorts Announces Third Quarter Earnings Release Date

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