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LAS VEGAS SANDS CORP. FY 2025 10-K, explained in plain English

LVS · 10-K for the period ending December 31, 2025, filed February 6, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$3.6B
Gross margin— not reported
Operating income$707.0M
Net income$395.0M
Diluted EPS$0.58
Cash & equivalents$3.8B
Total assets$21.9B
Long-term debt$14.7B

Key takeaway

Revenue of $3.649 billion and operating income of $707 million reflect ongoing gaming and resort operations primarily in Macao and Singapore.

🔒 4 more takeaways in the full analysis

Beneath the surface

Despite headline cash of $3.841 billion, total debt of $15.77 billion (DebtInstrumentCarryingAmount) implies a large net debt position of roughly $11.9 billion, far exceeding the $14.656 billion long-term debt figure alone once short-term debt is included.

🔒 4 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for LVS.

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