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WYNN RESORTS LTD FY 2025 10-K, explained in plain English

WYNN · 10-K for the period ending December 31, 2025, filed March 2, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$7.1B
Gross margin— not reported
Operating income$1.1B
Net income$327.3M
Diluted EPS$3.14
Cash & equivalents$1.5B
Total assets$13.1B
Long-term debt$10.5B

Key takeaway

Revenue was nearly flat year-over-year at $7.14 billion, with casino revenue growth at Wynn Palace and Las Vegas offsetting weaker room revenue across all properties.

🔒 4 more takeaways in the full analysis

Beneath the surface

Despite $10.55 billion in long-term debt, the company holds only $1.46 billion cash plus $601.8 million in short-term investments (and $67.6 million long-term investments), leaving a substantial net debt position of roughly $8.4-8.5 billion.

🔒 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 WYNN.

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