📊 FLL Key Takeaways
Is Full House Resorts Inc. (FLL) a Good Investment?
Full House Resorts is in severe financial distress with negative stockholders' equity (-$5.3M), inability to service debt from operations (0.2x interest coverage), and critical liquidity constraints (0.60x current ratio). Negative operating cash flow and -11.0% net margins indicate fundamental operational deterioration that will likely exhaust the cash buffer.
Full House Resorts shows weak underlying fundamentals, with only modest revenue growth offset by extremely thin operating profitability, a large net loss, and negative free cash flow. The balance sheet is highly stressed, with near-zero equity, heavy long-term debt, sub-1.0 liquidity ratios, and interest coverage far below sustainable levels. Unless operating earnings and cash generation improve materially, the current capital structure leaves little room for error.
Full House Resorts Inc. Key Strengths (FLL)
- Positive operating income of $2.4M generates some cash before financing costs
- Modest revenue growth of 3.5% YoY demonstrates continued demand for services
- Cash position of $31.4M provides temporary liquidity buffer
- Revenue is still growing modestly year over year, indicating some top-line demand resilience
- Operating cash flow remains positive, which provides limited near-term funding support
- The company maintains a meaningful cash balance relative to its current free cash flow burn
FLL Stock Risks: Full House Resorts Inc. Investment Risks
- Negative stockholders' equity indicates technical insolvency and ongoing balance sheet deterioration
- Interest coverage ratio of only 0.2x means debt cannot be serviced from operations, creating refinancing risk
- Severe liquidity crisis with current ratio of 0.60x and negative operating cash flow of -$3.8M
- Extremely high leverage and minimal equity create severe balance sheet fragility
- Interest coverage of 0.1x suggests earnings are insufficient to support debt costs
- Negative net income and negative free cash flow indicate weak growth quality and limited self-funding capacity
Key Metrics to Watch
- Operating cash flow trend and path to positive FCF generation
- Interest coverage ratio improvement and debt refinancing capability
- Current ratio and cash position depletion rate under negative cash burn
- Interest coverage and operating margin improvement
- Free cash flow generation and liquidity ratio trends
Full House Resorts Inc. (FLL) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
FLL Profit Margin, ROE & Profitability Analysis
FLL vs Real Estate Sector: How Full House Resorts Inc. Compares
How Full House Resorts Inc. compares to Real Estate sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Full House Resorts Inc. Stock Overvalued? FLL Valuation Analysis 2026
Based on fundamental analysis, Full House Resorts Inc. has mixed fundamental signals relative to the Real Estate sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Full House Resorts Inc. Balance Sheet: FLL Debt, Cash & Liquidity
FLL Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Full House Resorts Inc.'s revenue has grown significantly by 68% over the 5-year period, indicating strong business expansion. The most recent EPS of $-1.16 indicates the company is currently unprofitable.
FLL Revenue Growth, EPS Growth & YoY Performance
FLL Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $74.4M | -$8.2M | $-0.23 |
| Q3 2025 | $75.7M | -$7.7M | $-0.21 |
| Q2 2025 | $73.5M | -$8.6M | $-0.25 |
| Q1 2025 | $69.9M | -$9.8M | $-0.27 |
| Q3 2024 | $71.5M | $4.6M | $0.13 |
| Q2 2024 | $59.4M | -$5.6M | $-0.16 |
| Q1 2024 | $50.1M | -$11.3M | $-0.33 |
| Q3 2023 | $41.4M | $110.0K | $-0.10 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Full House Resorts Inc. Dividends, Buybacks & Capital Allocation
FLL SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Full House Resorts Inc. (CIK: 0000891482)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| May 20, 2026 | 4 | xslF345X06/form4-05202026_100518.xml | View → |
| May 20, 2026 | 4 | xslF345X06/form4-05202026_100525.xml | View → |
| May 20, 2026 | 8-K | fll-20260514x8k.htm | View → |
| May 18, 2026 | 4 | xslF345X06/form4-05182026_100559.xml | View → |
| May 18, 2026 | 4 | xslF345X06/form4-05182026_100519.xml | View → |
❓ Frequently Asked Questions about FLL
What is the AI rating for FLL?
Full House Resorts Inc. (FLL) has a Combined AI Grade of D from Claude (D) and ChatGPT (D) with 96% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are FLL's key strengths?
Claude: Positive operating income of $2.4M generates some cash before financing costs. Modest revenue growth of 3.5% YoY demonstrates continued demand for services. ChatGPT: Revenue is still growing modestly year over year, indicating some top-line demand resilience. Operating cash flow remains positive, which provides limited near-term funding support.
What are the risks of investing in FLL?
Claude: Negative stockholders' equity indicates technical insolvency and ongoing balance sheet deterioration. Interest coverage ratio of only 0.2x means debt cannot be serviced from operations, creating refinancing risk. ChatGPT: Extremely high leverage and minimal equity create severe balance sheet fragility. Interest coverage of 0.1x suggests earnings are insufficient to support debt costs.
What is FLL's revenue and growth?
Full House Resorts Inc. reported revenue of $74.4M.
Does FLL pay dividends?
Full House Resorts Inc. does not currently pay dividends.
Where can I find FLL SEC filings?
Official SEC filings for Full House Resorts Inc. (CIK: 0000891482) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is FLL's EPS?
Full House Resorts Inc. has a diluted EPS of $-0.23.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is FLL's fundamental grade?
Based on our AI fundamental analysis in June 2026, Full House Resorts Inc. has a D grade with 96% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is FLL stock overvalued or undervalued?
Valuation metrics for FLL: ROE of N/A (sector avg: 8%), net margin of -11.0% (sector avg: 20%). Compare these metrics with sector averages to assess valuation.
What is FLL's AI grade for 2026?
Our dual AI analysis gives Full House Resorts Inc. a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is FLL's free cash flow?
Full House Resorts Inc.'s operating cash flow is $-3.8M, with capital expenditures of $2.7M. FCF margin is -8.8%.
How does FLL compare to other Real Estate stocks?
Vs Real Estate sector averages: Net margin -11.0% (avg: 20%), ROE N/A (avg: 8%), current ratio 0.60 (avg: 1.5).