Full House Resorts (FLL) AI Stock Analysis

• Market Cap: $87.03M
• Dividend Yield: N/A
• Average Volume (3M): 179.47K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.40
• Revenue Growth: 7.45%
• EPS Growth: 5.03%
• Country: US
• Employees: 1,685
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): -0.21
• Shares Outstanding: 36,111,500
• 10 Day Avg. Volume: 179,957
• 30 Day Avg. Volume: 179,474
• PEG Ratio: -0.06
• Price to Book (P/B): 3.52
• Price to Sales (P/S): 0.49
• P/FCF Ratio: -3.68
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: $2.50 ▲(2.04% Upside)

Full House Resorts' overall score is primarily impacted by its financial performance, which shows strong revenue growth but significant profitability and cash flow challenges. Technical analysis indicates a bearish trend, and valuation metrics are weak due to negative earnings. The earnings call provides some positive insights, but they are not enough to offset the broader financial concerns.

Positive Factors

Revenue Growth

The substantial revenue growth rate indicates strong market demand and effective business strategies, supporting long-term expansion and competitiveness.

Project Development

Approval for the permanent American Place project reflects strategic expansion and potential for increased revenue streams, enhancing future growth prospects.

Adjusted EBITDA Growth

The increase in adjusted EBITDA demonstrates improved operational efficiency and profitability, contributing to stronger financial health and sustainability.

Negative Factors

Profitability Challenges

Ongoing profitability challenges indicate potential issues with cost management or pricing strategy, which could hinder long-term financial stability.

Free Cash Flow Issues

Negative free cash flow suggests difficulties in generating sufficient cash from operations, potentially impacting investment capacity and financial flexibility.

Temporary Casino Complications

Potential delays in the temporary casino project could lead to increased costs and impact revenue generation, affecting overall project timelines and profitability.

Full House Resorts Business Overview & Revenue Model

Company Description

Full House Resorts, Inc. is a gaming and hospitality company that operates several casino properties across the United States. The company focuses on providing a unique gaming experience, alongside a range of amenities that include hotel accommodations, restaurants, and entertainment options. Full House Resorts strives to create engaging environments for its guests, catering to both casual and avid gamers while also supporting local economies through job creation and tourism.

How the Company Makes Money

Full House Resorts generates revenue primarily through its casino operations, which include gaming revenue from slot machines, table games, and sports betting. In addition to gaming, the company earns revenue from its hotels and restaurants, which cater to both gaming patrons and non-gaming visitors. The company also benefits from partnerships with various gaming technology providers and local businesses, enhancing its service offerings and driving additional foot traffic to its properties. Special events, promotions, and loyalty programs further contribute to customer retention and increased spending, thereby bolstering overall earnings.

Full House Resorts Financial Statement Overview

Summary

Full House Resorts shows strong revenue growth but faces profitability and cash flow challenges. The company has improved its debt-to-equity ratio, but negative returns on equity and free cash flow remain concerns.

Income Statement

Full House Resorts has shown a significant revenue growth rate of 76% in the TTM, indicating strong top-line expansion. However, the company is struggling with profitability, as evidenced by a negative net profit margin of -13.75% and a declining EBIT margin. The gross profit margin has also decreased compared to previous years, suggesting rising costs or pricing pressures.

Balance Sheet

The company's debt-to-equity ratio has improved significantly in the TTM, dropping to 0.10 from a high of 13.03 in the previous year, indicating better leverage management. However, the return on equity remains negative, reflecting ongoing profitability challenges. The equity ratio is stable, suggesting a balanced asset structure.

Cash Flow

Operating cash flow remains positive, but the free cash flow is negative, indicating cash outflows exceeding inflows. The free cash flow growth rate is negative, showing deterioration compared to previous periods. The operating cash flow to net income ratio is low, highlighting challenges in converting earnings into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	299.92M	292.06M	241.06M	163.28M	180.16M	125.59M
Gross Profit	155.78M	149.90M	131.42M	89.92M	105.43M	66.41M
EBITDA	43.07M	42.63M	31.26M	20.66M	45.45M	18.83M
Net Income	-40.13M	-40.67M	-24.90M	-14.80M	11.71M	147.00K
Balance Sheet
Total Assets	639.47M	673.33M	688.46M	595.33M	473.84M	212.62M
Cash, Cash Equivalents and Short-Term Investments	30.93M	40.22M	36.16M	56.59M	88.72M	37.70M
Total Debt	59.13M	527.67M	514.84M	424.06M	321.36M	129.24M
Total Liabilities	66.87M	632.84M	610.61M	495.54M	361.13M	155.94M
Stockholders Equity	572.60M	40.50M	77.85M	99.79M	112.72M	56.68M
Cash Flow
Free Cash Flow	-6.47M	-38.74M	-126.24M	-166.56M	-7.49M	6.35M
Operating Cash Flow	12.77M	13.85M	22.34M	4.38M	29.50M	8.99M
Investing Cash Flow	-16.84M	-45.67M	-198.76M	-172.11M	-37.22M	-2.62M
Financing Cash Flow	1.40M	-1.50M	59.03M	93.62M	235.31M	1.48M

Full House Resorts Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FLL, the sentiment is Neutral. The current price of 2.45 is below the 20-day moving average (MA) of 2.49, below the 50-day MA of 2.76, and below the 200-day MA of 3.59, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 51.81 is Neutral, neither overbought nor oversold. The STOCH value of 76.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FLL.

Full House Resorts Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INSE	65 Neutral	$209.49M	3.91	―	―	4.03%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
CPHC	56 Neutral	$78.83M	506.54	-1.64%	1.84%	-4.85%	-129.08%
GDEN	54 Neutral	$783.39M	160.31	1.15%	3.42%	-12.25%	-84.89%
FLL	45 Neutral	$87.03M	―	-121.54%	―	7.45%	5.03%
CNTY	38 Underperform	$55.84M	-0.54	―	―	-1.57%	-80.41%
ROLR	36 Underperform	$21.55M	-3.35	-78.26%	―	3.80%	59.04%

Full House Resorts Corporate Events

Full House Resorts Reports Strong Growth Amid Challenges

The recent earnings call for Full House Resorts painted a generally positive picture, with strong growth in key areas such as American Place and Chamonix. The company reported significant improvements in adjusted EBITDA, although challenges persist in some properties and logistical aspects of future projects. Overall, the positive developments slightly outweigh the challenges, indicating a cautiously optimistic outlook.

Full House Resorts Reports Strong Q3 2025 Results

Full House Resorts, Inc. is a company that owns, leases, develops, and operates gaming facilities across the United States, including properties like American Place in Illinois and Chamonix Casino Hotel in Colorado. In the third quarter of 2025, Full House Resorts reported strong financial results, with a notable increase in revenues and operating income. The company’s consolidated revenues rose to $78.0 million, driven by the growth of its American Place Casino and Chamonix Casino Hotel. The net loss improved from the previous year, and Adjusted EBITDA saw a significant rise, reflecting the strong performance of these properties. Key highlights include a 14% revenue increase at American Place Casino and a substantial contribution from Chamonix/Bronco Billy’s. The Midwest & South segment, which includes American Place, showed robust growth, while the West segment benefited from improvements at Chamonix/Bronco Billy’s despite some disruptions. Looking ahead, Full House Resorts remains optimistic about its growth prospects, particularly with the development of its permanent American Place facility and the continued expansion of its operations in Colorado.