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