Bally's (BALY) Operating Expenses (2018 - 2026)

Bally's (BALY) reported Operating Expenses of $664.1 million for Q1 2026, up 79.25% year-over-year from $370.5 million in Q1 2025, and down 34.94% quarter-over-quarter from $1.0 billion in Q4 2025.

Bally's (BALY) Operating Expenses (2018 - 2026) Analysis & Trends

Bally's (BALY) has 9 years of Operating Expenses data on file, last reported at $664.1 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $664.1 million, up 79.25% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.0 billion (up 26.0% YoY), and the FY2025 annual result was $2.7 billion, changed 0.19% from the prior year.
  • Operating Expenses fell to $664.1 million in Q1 2026 per BALY's latest filing, from $1.0 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $1.0 billion in Q4 2022 and troughed at $222.0 million in Q1 2023.
  • A 5-year average of $645.9 million and a median of $616.1 million in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 222.96% in 2022, then tumbled 57.78% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $1.0 billion in 2022, then slipped by 10.05% to $927.6 million in 2023, then tumbled by 33.95% to $612.7 million in 2024, then jumped by 66.6% to $1.0 billion in 2025, then sank by 34.94% to $664.1 million in 2026.
  • Business Quant data shows BALY's Operating Expenses at $664.1 million in Q1 2026, $1.0 billion in Q4 2025, and $662.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Wynn Resorts 10.77 Bn 9.94 Bn 1.77 Bn 1.57 Bn
2 Boyd Gaming 6.75 Bn 6.74 Bn 742.51 Mn 833.36 Mn
3 Melco Resorts & Entertainment 6.64 Bn 6.49 Bn - -1.09 Bn
4 Caesars Entertainment 5.96 Bn 5.18 Bn 2.71 Bn 2.37 Bn
5 Vail Resorts 4.85 Bn 4.81 Bn - -
6 Hilton Grand Vacations 4.07 Bn 3.97 Bn 1.10 Bn 1.14 Bn
7 Red Rock Resorts 3.34 Bn 3.31 Bn 491.72 Mn 363.64 Mn
8 Marriott Vacations Worldwide 3.09 Bn 2.82 Bn 1.23 Bn 1.17 Bn
9 PENN Entertainment 2.57 Bn 1.85 Bn 971.20 Mn 1.68 Bn
10 Bally's 813.95 Mn 1.81 Bn 674.12 Mn 664.11 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 664.11 Mn
Dec 31, 2025 1.02 Bn
Sep 30, 2025 662.73 Mn
Jun 30, 2025 659.97 Mn
Mar 31, 2025 370.50 Mn
Dec 31, 2024 612.66 Mn
Sep 30, 2024 787.63 Mn
Jun 30, 2024 616.08 Mn
Mar 31, 2024 692.44 Mn
Dec 31, 2023 927.61 Mn
Sep 30, 2023 595.24 Mn
Jun 30, 2023 600.22 Mn
Mar 31, 2023 221.99 Mn
Dec 31, 2022 1.03 Bn
Sep 30, 2022 524.59 Mn
Jun 30, 2022 467.18 Mn
Mar 31, 2022 525.75 Mn
Dec 31, 2021 592.02 Mn
Sep 30, 2021 287.05 Mn
Jun 30, 2021 187.20 Mn