FULL HOUSE RESORTS INC(FLL)Stock Analysis
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Rank #2,217 of 2,879 stocks
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Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
FLL Stock Analysis & AI Quality Score
AI stock analysis and institutional research for FULL HOUSE RESORTS INC (FLL), a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores FLL at 33.9/100 on a 32-signal composite quality model, placing it at rank #2,217 of 2,879 stocks — the bottom half of the AI-ranked universe. Areas of concern include profitability (18.5) and institutional flow (20.7), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), FULL HOUSE RESORTS INC reports quarterly revenue of $74.4M, net income of $-8.2M, an operating margin of 3.2%. Top institutional holders of FLL by reported 13-F value include R.P. Boggs & Co., PRIVATE MANAGEMENT GROUP, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. FLL trades on the Nasdaq exchange and files with the SEC under CIK 891482. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FLL daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for FULL HOUSE RESORTS INC directly from SEC EDGAR. FULL HOUSE RESORTS INC's 13F Pro composite quality score has ranged between 17 and 48 since 2021, currently 33.9 — an improving long-term trajectory across 28 quarterly and live scoring snapshots.
Revenue
Q1 2026
$74.4M
Net Income
Q1 2026
$-8.2M
Free Cash Flow
Q1 2026
$-6.5M
Operating Margin
Q1 2026
3.2%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+67.8% YoYNet Income
-443.4% YoYOperating Income
-91.7% YoYEPS (Diluted)
-439.4% YoYTotal Assets
+37.1% YoYTotal Debt
+57.0% YoYOp. Cash Flow
-66.2% YoY| Metric | FY 2025 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $302.4M +67.8% | $180.2M +43.5% | $125.6M -24.1% | $165.4M +0.9% | $163.9M +1.6% | $161.3M |
| Net Income | $-40.2M -443.4% | $11.7M +7863.3% | $147.0K +102.5% | $-5.8M -33.2% | $-4.4M +13.1% | $-5.0M |
| Operating Income | $3.1M -91.7% | $37.6M +258.5% | $10.5M +68.5% | $6.2M -16.3% | $7.4M +5.2% | $7.1M |
| EPS (Diluted) | $-1.12 -439.4% | $0.33 +3200.0% | $0.01 +104.5% | $-0.22 +4.3% | $-0.23 -4.5% | $-0.22 |
| Total Assets | $649.8M +37.1% | $473.8M +122.9% | $212.6M +0.6% | $211.3M +15.9% | $182.3M +5.1% | $173.5M |
| Total Debt | $473.6M +57.0% | $301.6M +180.1% | $107.7M +2.4% | $105.1M +9.3% | $96.2M +0.7% | $95.6M |
| Operating Cash Flow | $10.0M -66.2% | $29.5M +228.2% | $9.0M -14.1% | $10.5M +6.6% | $9.8M +37.5% | $7.1M |
AI Insight: FLL Financial Trends
Equity has collapsed from $59M to negative $5M in six quarters as persistent net losses erode the balance sheet against ~$474M in near-static debt.
• Equity deteriorated from $59M in Q2 2024 to -$5M in Q1 2026, turning technically insolvent over eight quarters.
• Net losses have persisted every quarter, ranging from -$8M to -$12M, with no sign of improvement through Q1 2026.
• Revenue has been range-bound between $73M and $78M across all eight quarters, showing no meaningful growth trajectory.
• Operating income has oscillated near breakeven, from -$1M to +$3M, never generating enough to cover interest and other below-line costs.
⚠ Equity turned negative in Q1 2026 at -$5M; covenant triggers or lender scrutiny on $474M debt load are an immediate risk.
⚠ Operating cash flow has been erratic, swinging from -$9M to +$15M quarter to quarter, signaling volatile working capital management.
⚠ Total debt crept from $467M to $474M over the period; any acceleration in borrowing against negative equity would be a critical warning sign.
AI Insight: FLL Ratio Trends
Full House Resorts remains deeply unprofitable with net margins stuck below -10% and D/E surging to 33.3x by Q3 2025, signaling severe balance-sheet stress.
• Operating margin has been volatile and largely negative, ranging from -1.9% in Q4 2024 to 4.4% in Q3 2025, with no sustained improvement.
• Net profit margin has remained deeply negative throughout, worsening from -11.7% in Q2 2024 to -16.4% in Q4 2025.
• Debt-to-equity ratio exploded from 7.85 in Q2 2024 to 33.30 in Q3 2025, indicating rapidly escalating financial leverage.
• ROIC briefly recovered to 2.8% in Q3 2025 but turned negative again at -0.8% in Q4 2025, showing no durable capital efficiency gains.
⚠ D/E ratio missing from Q4 2025 and Q1 2026 — any further increase from 33.30x would signal critical refinancing or solvency risk.
⚠ ROE turned unavailable from Q3 2025 onward, possibly reflecting near-zero or negative equity — a key deterioration to monitor.
⚠ Q1 2026 operating margin recovered to 3.2%, matching Q2 2024 levels — watch whether this seasonal uptick translates to sustained profitability.
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Available Research
13F Pro tracks comprehensive data for FULL HOUSE RESORTS INC including:
Top Institutional Holders of FLL
R.P. Boggs & Co.
$4.0M1,669,280 shPRIVATE MANAGEMENT GROUP INC
$4.0M1,769,993 shVANGUARD CAPITAL MANAGEMENT LLC
$3.2M1,400,080 shRangeley Capital, LLC
$2.1M915,578 shCastleKnight Management LP
$1.8M783,965 shOrvieto Partners, L.P.
$1.6M714,897 shBlackRock, Inc.
$1.4M619,327 shGABELLI FUNDS LLC
$1.4M610,500 shGAMCO INVESTORS, INC. ET AL
$1.3M557,500 shWHITE PINE CAPITAL LLC
$1.1M500,273 sh
| Fund | Value | Shares |
|---|---|---|
| R.P. Boggs & Co. | $4.0M | 1,669,280 |
| PRIVATE MANAGEMENT GROUP INC | $4.0M | 1,769,993 |
| VANGUARD CAPITAL MANAGEMENT LLC | $3.2M | 1,400,080 |
| Rangeley Capital, LLC | $2.1M | 915,578 |
| CastleKnight Management LP | $1.8M | 783,965 |
| Orvieto Partners, L.P. | $1.6M | 714,897 |
| BlackRock, Inc. | $1.4M | 619,327 |
| GABELLI FUNDS LLC | $1.4M | 610,500 |
| GAMCO INVESTORS, INC. ET AL | $1.3M | 557,500 |
| WHITE PINE CAPITAL LLC | $1.1M | 500,273 |
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Popular Research
Is FLL a good stock to buy?
13F Pro's AI-powered analysis of FULL HOUSE RESORTS INC (FLL) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Consumer Discretionary sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for FLL are available on the FLL stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own FLL?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling FLL. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of FULL HOUSE RESORTS INC's investment landscape.