Growth Metrics

PENN Entertainment (PENN) Cost of Revenue (2017 - 2025)

PENN Entertainment's Cost of Revenue history spans 15 years, with the latest figure at $870.5 million for Q4 2025.

  • For Q4 2025, Cost of Revenue rose 222.05% year-over-year to $870.5 million; the TTM value through Dec 2025 reached $3.4 billion, up 119.91%, while the annual FY2025 figure was $3.4 billion, 249.71% up from the prior year.
  • Cost of Revenue for Q4 2025 was $870.5 million at PENN Entertainment, down from $2.0 billion in the prior quarter.
  • Across five years, Cost of Revenue topped out at $2.3 billion in Q4 2022 and bottomed at -$1.2 billion in Q4 2021.
  • The 5-year median for Cost of Revenue is $404.9 million (2021), against an average of $498.3 million.
  • The largest annual shift saw Cost of Revenue skyrocketed 1787.23% in 2021 before it plummeted 216.38% in 2023.
  • A 5-year view of Cost of Revenue shows it stood at -$1.2 billion in 2021, then surged by 293.21% to $2.3 billion in 2022, then tumbled by 89.69% to $237.9 million in 2023, then increased by 13.62% to $270.3 million in 2024, then surged by 222.05% to $870.5 million in 2025.
  • Per Business Quant, the three most recent readings for PENN's Cost of Revenue are $870.5 million (Q4 2025), $2.0 billion (Q3 2025), and $282.0 million (Q2 2025).