Monarch Casino & Resort Inc.
- MCRI · Nasdaq
- Hotels & Motels
- Reno, NV
- 2,740 employees
- CIK 0000907242
Updated from SEC filings through
Top things to know
Executives
- John Farahi CEO 4, 2026-09-21
- Bob Farahi President 4, 2026-04-24
- Chief Information Officer Chief Information Officer 10-K, 2026-02-24
- Executive Vice President of Finance Executive Vice President of Finance 10-K, 2026-02-24
- Edwin S. Koenig Principal Financial and Accounting Officer 10-Q, 2026-10-30
- Ben Farahi sole managing member of Maxum LLC 10-K, 2026-02-24
Monarch Casino & Resort Inc is a U.S. public company in hotels & motels (SIC 7011), headquartered in Reno, NV. It trades as MCRI on Nasdaq. Revenue was $545M in the fiscal year ending December 31, 2025, +4.4% from the year before. It reported about 2,740 employees. John Farahi is CEO.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $545M 10-K, 2026-02-24 | $522M 10-K, 2026-02-24 | $501M 10-K, 2026-02-24 | $478M 10-K, 2025-03-03 | $395M 10-K, 2022-02-28 |
| Operating income | Not on file | Not on file | Not on file | Not on file | Not on file |
| SG&A | $109M 10-K, 2026-02-24 | $108M 10-K, 2026-02-24 | $106M 10-K, 2026-02-24 | $97.6M 10-K, 2025-03-03 | $84.4M 10-K, 2024-02-28 |
| Net income | $101M 10-K, 2026-02-24 | $72.8M 10-K, 2026-02-24 | $82.4M 10-K, 2026-02-24 | $87.5M 10-K, 2025-03-03 | $68.5M 10-K, 2024-02-28 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| John Farahi | CEO | 4, 2026-09-21 |
| Bob Farahi | President | 4, 2026-04-24 |
| Chief Information Officer | Chief Information Officer | 10-K, 2026-02-24 |
| Executive Vice President of Finance | Executive Vice President of Finance | 10-K, 2026-02-24 |
| Edwin S. Koenig | Principal Financial and Accounting Officer | 10-Q, 2026-10-30 |
| Ben Farahi | sole managing member of Maxum LLC | 10-K, 2026-02-24 |
| Craig F. Sullivan | Board member (per proxy) bio: Director | DEF 14A, 2026-04-13 |
| Hope S. Taitz | Board member (per proxy) bio: Director | DEF 14A, 2026-04-13 |
| Paul Andrews | Board member (per proxy) bio: Director | DEF 14A, 2026-04-13 |
| Corporate Director of Internal Audit | Corporate Director of Internal Audit | 10-K, 2026-02-24 |
What Monarch Casino & Resort Inc does
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.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 17.6 million (as of October 28, 2026) | 10-Q, October 30, 2026 |
|---|---|---|
| Public float | $1.2M (as of June 30, 2025) | 10-K, February 24, 2026 |
| Reportable segments | 1 (period ending September 30, 2026) | 10-Q, October 30, 2026 |
| Latest proxy statement | Meeting May 27, 2026 (filed April 13, 2026) | DEF 14A, April 13, 2026 |
| Auditor | Deloitte & Touche LLP (Las Vegas, Nevada) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| September 17, 2026 | John Farahi CEO | Sale | 5,000 | $620K | Form 4, September 21, 2026 |
| May 28, 2026 | John Farahi CEO | Sale | 5,000 | $604K | Form 4, May 29, 2026 |
| March 16, 2026 | John Farahi CEO | Sale | 3,000 | $295K | Form 4, March 25, 2026 |
| December 17, 2025 | John Farahi CEO | Sale | 6,000 | $619K | Form 4, January 9, 2026 |
| July 22, 2025 | Craig F. Sullivan Director | Sale | 12,200 | $1.3M | Form 4, July 23, 2025 |
| July 22, 2025 | John Farahi CEO | Sale | 2,000 | $212K | Form 4, July 23, 2025 |
Recent 8-K events
- 8-K filed 2026-10-28
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 8.01 Other events
- 8-K filed 2026-07-21
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 8.01 Other events
- 8-K filed 2026-05-29
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-04-22
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 8.01 Other events
- 8-K filed 2026-02-04
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 8.01 Other events
- 8-K filed 2025-12-19
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2025-10-22
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 8.01 Other events
- 8-K filed 2025-07-16
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 8.01 Other events
- 8-K filed 2025-06-10
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2025-04-22
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 8.01 Other events
Frequently asked questions about Monarch Casino & Resort Inc
- What does Monarch Casino & Resort Inc do?
- In its own words, from Item 1 of its 10-K: "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."
- What is Monarch Casino & Resort Inc's revenue?
- $545M for the fiscal year ending December 31, 2025, from its 10-K filed February 24, 2026.
- Is Monarch Casino & Resort Inc profitable?
- Monarch Casino & Resort Inc reported net income of $101M for the fiscal year ending December 31, 2025.
- How many employees does Monarch Casino & Resort Inc have?
- About 2,740 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Monarch Casino & Resort Inc?
- John Farahi, CEO, as named in a 4 filed September 21, 2026.
- Where is Monarch Casino & Resort Inc headquartered?
- Reno, NV.
- What is Monarch Casino & Resort Inc's stock ticker?
- MCRI on Nasdaq.
- What industry is Monarch Casino & Resort Inc in?
- Hotels & Motels, SIC code 7011.
- What is Monarch Casino & Resort Inc's website?
- monarchcasino.com.
- When does Monarch Casino & Resort Inc report earnings next?
- January 17, 2027. Source: estimate_8k_pattern.
- Is Monarch Casino & Resort Inc a public company?
- Yes. Monarch Casino & Resort Inc files with the SEC under CIK 0000907242 and trades as MCRI.
- Who audits Monarch Casino & Resort Inc?
- Deloitte & Touche LLP, Las Vegas, Nevada, as named in its latest annual report (10-K).
- How many shares of Monarch Casino & Resort Inc are outstanding?
- 17.6 million shares as of October 28, 2026, from its 10-Q filed October 30, 2026.
- What is Monarch Casino & Resort Inc's public float?
- $1.2M as of June 30, 2025, as reported on the cover of its 10-K filed February 24, 2026.
- How many business segments does Monarch Casino & Resort Inc report?
- 1 reportable segment for the period ending September 30, 2026, from its 10-Q filed October 30, 2026.
- When is Monarch Casino & Resort Inc's annual shareholder meeting?
- May 27, 2026, per its proxy statement (DEF 14A) filed April 13, 2026.
- Have Monarch Casino & Resort Inc insiders traded stock recently?
- Since July 22, 2025, officers and directors reported 6 open-market sales worth about $3.6M and 0 purchases on Forms 4 and 5. The most recent: John Farahi (CEO) sold 5,000 shares on September 17, 2026.