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| Date | Value |
|---|---|
| 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 |