# Monarch Casino & Resort Inc (MCRI)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/monarch-casino-and-resort-inc/ JSON: https://steadybase.io/company/monarch-casino-and-resort-inc.json Checked Nov 10, 2026. Latest filing read: Oct 30, 2026.

## Company

- Legal name: MONARCH CASINO & RESORT INC
- Ticker: MCRI (Nasdaq)
- SEC CIK: 0000907242
- Industry: Hotels & Motels (SIC 7011)
- Headquarters: Reno, NV
- Fiscal year ends: December 31
- SEC filer category: Large accelerated filer
- Website: monarchcasino.com
- LinkedIn: https://www.linkedin.com/company/monarch-casino-&-resort-inc.
- Next earnings date: Jan 17, 2027 (estimated from past 8-K timing)

## Key facts

- Revenue: $545.1M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 24, 2026). Source: https://www.sec.gov/Archives/edgar/data/907242/000110465926018717/0001104659-26-018717-index.html
- Net income: $101.4M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 24, 2026). Source: https://www.sec.gov/Archives/edgar/data/907242/000110465926018717/0001104659-26-018717-index.html
- SG&A: $109.4M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 24, 2026). Source: https://www.sec.gov/Archives/edgar/data/907242/000110465926018717/0001104659-26-018717-index.html
- Employees: 2,740 as of Dec 31, 2025, as reported in an SEC filing. Source: https://www.sec.gov/Archives/edgar/data/907242/000110465926018717/mcri-20251231x10k.htm
- Shares outstanding: 17,635,985 as of Oct 28, 2026 (10-Q filed Oct 30, 2026). Source: https://www.sec.gov/Archives/edgar/data/907242/000110465926120630/0001104659-26-120630-index.html
- Auditor: Deloitte & Touche LLP, Las Vegas, Nevada, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/907242/000110465926018717/mcri-20251231x10k.htm

## Business

Monarch Casino & Resort, Inc. was incorporated in Nevada in 1993 and, along with its consolidated subsidiaries, is referred to collectively in this Annual Report on Form 10-K as “Monarch,” “the Company,” “we,” “our,” and “us.” Monarch owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada (the “Atlantis”) and the Monarch Casino Resort Spa Black Hawk (the “Monarch Black Hawk”), a hotel and casino in Black Hawk, Colorado.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/907242/000110465926018717/mcri-20251231x10k.htm

## Annual results

| Fiscal year ended | Revenue | Net income | SG&A |
|---|---|---|---|
| Dec 31, 2025 | $545.1M | $101.4M | $109.4M |
| Dec 31, 2024 | $522.2M | $72.8M | $108.3M |
| Dec 31, 2023 | $501.5M | $82.4M | $105.8M |
| Dec 31, 2022 | $477.9M | $87.5M | $97.6M |
| Dec 31, 2021 | $395.4M | $68.5M | $84.4M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/monarch-casino-and-resort-inc.json

## Officers and directors

- John Farahi, CEO. Source: Form 4 filed Sep 21, 2026, https://www.sec.gov/Archives/edgar/data/907242/000090724226000021/0000907242-26-000021-index.htm
- Bob Farahi, President. Source: Form 4 filed Apr 24, 2026, https://www.sec.gov/Archives/edgar/data/907242/000090724226000009/0000907242-26-000009-index.htm
- Edwin S. Koenig, Principal Financial and Accounting Officer. Source: 10-Q filed Oct 30, 2026, https://www.sec.gov/Archives/edgar/data/907242/000110465926120630/mcri-ex31d2.htm
- Chief Information Officer, Chief Information Officer. Source: 10-K filed Feb 24, 2026, https://www.sec.gov/Archives/edgar/data/907242/000110465926018717/mcri-20251231x10k.htm
- Executive Vice President of Finance, Executive Vice President of Finance. Source: 10-K filed Feb 24, 2026, https://www.sec.gov/Archives/edgar/data/907242/000110465926018717/mcri-20251231x10k.htm
- Ben Farahi, sole managing member of Maxum LLC. Source: 10-K filed Feb 24, 2026, https://www.sec.gov/Archives/edgar/data/907242/000110465926018717/mcri-20251231x10k.htm
- Corporate Director of Internal Audit, Corporate Director of Internal Audit. Source: 10-K filed Feb 24, 2026, https://www.sec.gov/Archives/edgar/data/907242/000110465926018717/mcri-20251231x10k.htm
- Craig F. Sullivan, Board member (per proxy). Source: DEF 14A filed Apr 13, 2026, https://www.sec.gov/Archives/edgar/data/907242/000110465926042561/mcri-20260527xdef14a.htm
- Hope S. Taitz, Board member (per proxy). Source: DEF 14A filed Apr 13, 2026, https://www.sec.gov/Archives/edgar/data/907242/000110465926042561/mcri-20260527xdef14a.htm
- Paul Andrews, Board member (per proxy). Source: DEF 14A filed Apr 13, 2026, https://www.sec.gov/Archives/edgar/data/907242/000110465926042561/mcri-20260527xdef14a.htm

## Recent 8-K events

- Oct 28, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/907242/000117184326006863/f8k_102726.htm
- Jul 21, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/907242/000117184326004783/f8k_072026.htm
- May 29, 2026: Item 5.07, Submission of matters to a vote of security holders. Source: https://www.sec.gov/Archives/edgar/data/907242/000110465926068313/mcri-20260527x8k.htm
- Apr 22, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/907242/000117184326002629/f8k_042126.htm
- Feb 4, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/907242/000117184326000627/f8k_020426.htm
- Dec 19, 2025: Item 5.02, Departure or appointment of directors or officers; compensation. Source: https://www.sec.gov/Archives/edgar/data/907242/000110465925123193/mcri-20251219x8k.htm
- Oct 22, 2025: Item 2.02, Results of operations and financial condition (earnings release); Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/907242/000117184325006575/f8k_102125.htm
- Jul 16, 2025: Item 2.02, Results of operations and financial condition (earnings release); Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/907242/000117184325004489/f8k_071625.htm
- Jun 10, 2025: Item 5.07, Submission of matters to a vote of security holders. Source: https://www.sec.gov/Archives/edgar/data/907242/000155837025008509/mcri-20250606x8k.htm
- Apr 22, 2025: Item 2.02, Results of operations and financial condition (earnings release); Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/907242/000117184325002389/f8k_042225.htm

## Insider trades (Form 4)

- Sep 17, 2026: John Farahi (CEO) sold 5,000 shares, about $620,000. Source: https://www.sec.gov/Archives/edgar/data/907242/000090724226000021/0000907242-26-000021-index.htm
- May 28, 2026: John Farahi (CEO) sold 5,000 shares, about $604,200. Source: https://www.sec.gov/Archives/edgar/data/907242/000090724226000012/0000907242-26-000012-index.htm
- Mar 16, 2026: John Farahi (CEO) sold 3,000 shares, about $295,430. Source: https://www.sec.gov/Archives/edgar/data/907242/000090724226000008/0000907242-26-000008-index.htm
- Dec 17, 2025: John Farahi (CEO) sold 6,000 shares, about $619,480. Source: https://www.sec.gov/Archives/edgar/data/907242/000090724226000003/0000907242-26-000003-index.htm
- Jul 22, 2025: Craig F. Sullivan (Director) sold 12,200 shares, about $1.3M. Source: https://www.sec.gov/Archives/edgar/data/907242/000090724225000011/0000907242-25-000011-index.htm
- Jul 22, 2025: John Farahi (CEO) sold 2,000 shares, about $211,560. Source: https://www.sec.gov/Archives/edgar/data/907242/000090724225000010/0000907242-25-000010-index.htm

## Latest filings

- 8-K filed Oct 28, 2026: https://www.sec.gov/Archives/edgar/data/907242/000117184326006863/f8k_102726.htm
- 10-K filed Feb 24, 2026: https://www.sec.gov/Archives/edgar/data/907242/000110465926018717/mcri-20251231x10k.htm
- 10-Q filed Oct 30, 2026: https://www.sec.gov/Archives/edgar/data/907242/000110465926120630/mcri-20260930x10q.htm
- DEF 14A filed Apr 13, 2026: https://www.sec.gov/Archives/edgar/data/907242/000110465926042561/mcri-20260527xdef14a.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/