📊 FLL Key Takeaways
Is Full House Resorts Inc. (FLL) a Good Investment?
Full House Resorts is in severe financial distress with negative profitability, critically weak balance sheet metrics, and deteriorating liquidity. The company faces an unsustainable capital structure with 186.62x debt-to-equity ratio and negative free cash flow, indicating inability to service debt or invest in operations.
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.
Why Buy Full House Resorts Inc. Stock? FLL Key Strengths
- Modest revenue growth of 3.5% YoY demonstrates operational continuation
- Positive operating cash flow of $10.0M provides minimal near-term liquidity buffer
- Cash position of $40.7M offers short-term runway for operations
- 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
- Net loss of $40.2M with -13.3% net margin indicates core business unprofitability and operational distress
- Catastrophic leverage with $473.6M long-term debt against $2.5M equity and interest coverage of 0.1x signals imminent default risk
- Current ratio of 0.72x and quick ratio of 0.69x demonstrate severe liquidity crisis with insufficient current assets to cover short-term obligations
- Negative free cash flow of -$2.7M shows capital expenditures exceed operating cash generation, unsustainable long-term
- Extreme negative ROE of -1583.8% and ROA of -6.2% reflect complete shareholder value destruction
- 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
- Quarterly net income trend and path to profitability
- Debt refinancing ability and covenant compliance status
- Free cash flow trajectory and liquidity runway in months
- Operating margin expansion or contraction
- Capital structure restructuring announcements or debt restructuring
- 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. shows some fundamental concerns 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 |
|---|---|---|---|
| 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 |
| Q2 2023 | $44.4M | $110.0K | $-0.12 |
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 |
|---|---|---|---|
| Apr 10, 2026 | DEF 14A | fll-20260514xdef14a.htm | View → |
| Mar 27, 2026 | 4 | xslF345X06/form4-03272026_110344.xml | View → |
| Mar 18, 2026 | 4 | xslF345X06/form4-03182026_100302.xml | View → |
| Mar 16, 2026 | 4 | xslF345X05/form4-03162026_090317.xml | View → |
| Mar 16, 2026 | 10-K | fll-20251231x10k.htm | View → |
❓ Frequently Asked Questions about FLL
What is the AI rating for FLL?
Full House Resorts Inc. (FLL) has a Combined AI Rating of STRONG SELL from Claude (STRONG SELL) and ChatGPT (STRONG SELL) with 94% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are FLL's key strengths?
Claude: Modest revenue growth of 3.5% YoY demonstrates operational continuation. Positive operating cash flow of $10.0M provides minimal near-term liquidity buffer. 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: Net loss of $40.2M with -13.3% net margin indicates core business unprofitability and operational distress. Catastrophic leverage with $473.6M long-term debt against $2.5M equity and interest coverage of 0.1x signals imminent default 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 $302.4M.
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 $-1.12.
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 rating reflects both perspectives for balanced insights.
Is FLL a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Full House Resorts Inc. has a STRONG SELL rating with 94% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is FLL stock overvalued or undervalued?
Valuation metrics for FLL: ROE of -1,583.8% (sector avg: 8%), net margin of -13.3% (sector avg: 20%). Compare these metrics with sector averages to assess valuation.
Should I buy FLL stock in 2026?
Our dual AI analysis gives Full House Resorts Inc. a combined STRONG SELL rating 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 $10.0M, with capital expenditures of $12.7M. FCF margin is -0.9%.
How does FLL compare to other Real Estate stocks?
Vs Real Estate sector averages: Net margin -13.3% (avg: 20%), ROE -1,583.8% (avg: 8%), current ratio 0.72 (avg: 1.5).
Is Full House Resorts Inc. carrying too much debt?
FLL has a debt-to-equity ratio of 186.62x, which is above the Real Estate sector average of 1.5x. Combined with a current ratio below 1, this warrants careful monitoring of the balance sheet.