New Royal Holdco I (GDEN) Operating Expenses (2010 - 2025)

New Royal Holdco I (GDEN) recorded quarterly Operating Expenses of $158.0 million in Q4 2025, up 2.62% quarter-over-quarter from $153.9 million in Q3 2025, and up 3.59% on a YoY basis from $152.5 million in Q4 2024.

New Royal Holdco I (GDEN) Operating Expenses (2010 - 2025) Analysis & Trends

New Royal Holdco I's Operating Expenses history runs 16 years deep, the most recent figure standing at $158.0 million for Q4 2025.

  • In Q4 2025, Operating Expenses rose 3.59% year-over-year to $158.0 million; the TTM figure through Dec 2025 stood at $613.4 million (up 10.58% YoY), while the FY2025 annual figure was $613.4 million, up 10.58% from the prior year.
  • Operating Expenses was $158.0 million for Q4 2025 at New Royal Holdco I, up from $153.9 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $250.9 million in Q2 2023 to a low of -$66.0 million in Q3 2023.
  • Historically, Operating Expenses has averaged $186.3 million across 5 years, with a median of $218.5 million in 2021.
  • The sharpest annual moves came in 2023 and 2024: Operating Expenses slumped 127.05% in 2023, then surged 334.16% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $247.5 million in 2021, then retreated by 1.28% to $244.3 million in 2022, then fell by 8.48% to $223.6 million in 2023, then plunged by 31.8% to $152.5 million in 2024, then rose by 3.59% to $158.0 million in 2025.
  • The last three Operating Expenses figures came in at $158.0 million (Q4 2025), $153.9 million (Q3 2025), and $151.7 million (Q2 2025), per Business Quant data.

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 New Royal Holdco I 750.38 Mn 695.08 Mn 120.16 Mn 157.97 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 157.97 Mn
Sep 30, 2025 153.94 Mn
Jun 30, 2025 151.70 Mn
Mar 31, 2025 149.77 Mn
Dec 31, 2024 152.49 Mn
Sep 30, 2024 154.51 Mn
Jun 30, 2024 153.80 Mn
Mar 31, 2024 93.91 Mn
Dec 31, 2023 223.58 Mn
Sep 30, 2023 -65.98 Mn
Jun 30, 2023 250.94 Mn
Mar 31, 2023 245.40 Mn
Dec 31, 2022 244.29 Mn
Sep 30, 2022 243.94 Mn
Jun 30, 2022 244.78 Mn
Mar 31, 2022 240.76 Mn
Dec 31, 2021 247.47 Mn
Sep 30, 2021 237.20 Mn
Jun 30, 2021 232.51 Mn
Mar 31, 2021 213.33 Mn