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