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

New Royal Holdco I's (GDEN) quarterly Operating Expenses came in at $158.0 million in Q4 2025, up 3.59% year-on-year from $152.5 million in Q4 2024, and up 2.62% quarter-over-quarter from $153.9 million in Q3 2025.

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.

  • On a quarterly basis, Operating Expenses rose 3.59% year-over-year to $158.0 million in Q4 2025; TTM through Dec 2025 was $613.4 million, a 10.58% increase from a year earlier, with the FY2025 full-year figure at $613.4 million, up 10.58% from the prior year.
  • Operating Expenses advanced to $158.0 million in Q4 2025 per GDEN's latest filing, from $153.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $250.9 million in Q2 2023 and bottomed at -$66.0 million in Q3 2023.
  • The 5-year median for Operating Expenses is $218.5 million (2021), against an average of $186.3 million.
  • Across the five-year window, Operating Expenses slumped 127.05% in 2023 and jumped 334.16% in 2024, its largest moves.
  • Year by year, Operating Expenses 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 slumped by 31.8% to $152.5 million in 2024, then rose by 3.59% to $158.0 million in 2025.
  • Per Business Quant, the three latest GDEN Operating Expenses figures stand at $158.0 million (Q4 2025), $153.9 million (Q3 2025), and $151.7 million (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Las Vegas Sands 30.75 Bn 27.42 Bn 3.49 Bn 2.68 Bn
2 MGM Resorts International 11.68 Bn 9.38 Bn 4.32 Bn 4.16 Bn
3 Wynn Resorts 9.99 Bn 9.89 Bn 1.75 Bn 1.57 Bn
4 Boyd Gaming 6.73 Bn 6.36 Bn 984.15 Mn 833.36 Mn
5 Melco Resorts & Entertainment 6.48 Bn 5.85 Bn - -1.19 Bn
6 Caesars Entertainment 6.11 Bn 5.15 Bn 2.78 Bn 2.37 Bn
7 Vail Resorts 5.23 Bn 5.21 Bn - -
8 Hilton Grand Vacations 4.01 Bn 3.75 Bn 1.23 Bn 1.14 Bn
9 Red Rock Resorts 3.72 Bn 3.12 Bn 433.13 Mn 363.64 Mn
10 New Royal Holdco I 747.58 Mn 692.25 Mn 122.20 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