New Royal Holdco I (GDEN) Operating Leases (2019 - 2025)

New Royal Holdco I's (GDEN) quarterly Operating Leases came in at $85.0 million in Q4 2025, down 9.05% year-on-year from $93.5 million in Q4 2024, and up 21.64% quarter-over-quarter from $69.9 million in Q3 2025.

New Royal Holdco I (GDEN) Operating Leases (2019 - 2025) Analysis & Trends

New Royal Holdco I's Operating Leases history runs 7 years deep, the most recent figure standing at $85.0 million for Q4 2025.

  • On a quarterly basis, Operating Leases fell 9.05% year-over-year to $85.0 million in Q4 2025; TTM through Dec 2025 was $85.0 million, a 9.05% decrease from a year earlier, with the FY2025 full-year figure at $85.0 million, down 9.05% from the prior year.
  • Operating Leases grew to $85.0 million in Q4 2025 per GDEN's latest filing, from $69.9 million in the prior quarter.
  • Across five years, Operating Leases topped out at $195.2 million in Q4 2021 and bottomed at $69.9 million in Q3 2025.
  • The 5-year median for Operating Leases is $84.7 million (2024), against an average of $110.1 million.
  • Across the five-year window, Operating Leases grew 21.84% in 2021 and plunged 43.56% in 2023, its largest moves.
  • Year by year, Operating Leases stood at $195.2 million in 2021, then tumbled by 37.53% to $122.0 million in 2022, then slumped by 33.33% to $81.3 million in 2023, then rose by 14.92% to $93.5 million in 2024, then dropped by 9.05% to $85.0 million in 2025.
  • Per Business Quant, the three latest GDEN Operating Leases figures stand at $85.0 million (Q4 2025), $69.9 million (Q3 2025), and $71.1 million (Q2 2025).

Peer Comparison

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

Historic Data

Download Data
DateValue
Dec 31, 2025 85.00 Mn
Sep 30, 2025 69.88 Mn
Jun 30, 2025 71.07 Mn
Mar 31, 2025 74.69 Mn
Dec 31, 2024 93.46 Mn
Sep 30, 2024 80.95 Mn
Jun 30, 2024 84.37 Mn
Mar 31, 2024 80.93 Mn
Dec 31, 2023 81.33 Mn
Sep 30, 2023 77.73 Mn
Jun 30, 2023 80.52 Mn
Mar 31, 2023 83.61 Mn
Dec 31, 2022 121.98 Mn
Sep 30, 2022 129.26 Mn
Jun 30, 2022 140.89 Mn
Mar 31, 2022 148.13 Mn
Dec 31, 2021 195.25 Mn
Sep 30, 2021 161.25 Mn
Jun 30, 2021 168.54 Mn
Mar 31, 2021 173.84 Mn