MGM Resorts MGM
MGM Resorts International is referred to as the “Company,” “MGM Resorts,” or the “Registrant,” and together with its subsidiaries may also be referred to as “we,” “us” or “our.” 10-K, Item 1
- Headquarters
- Las Vegas, NV
- CEO
- William Hornbuckle
- Next results
- around Feb 3, 2027
MGM among Consumer discretionary peers
Six ratios from the latest 10-K. Each corner is the share of 46 peers the company is above, not a score.
What changed
2 new risk paragraphs. 10-K filed Feb 11, 2026 against Feb 18, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
11 checks on the latest 10-K. Checks, not verdicts.
0facts worth reading about all 11 checks found nothing to note
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Receivables +4.8% vs revenue +1.7% (+3.1 pts)
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Cash from operations $2.5B vs net income $205.9M (FY ending Dec 31, 2025)
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Inventory -11.4% vs revenue +1.7% (-13.1 pts)
8 more checks with nothing to note
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Same auditor in both 10-Ks: Deloitte & Touche LLP
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No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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No longer listed: Goodwill - Empire City Reporting Unit
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
2 paragraphs in Risk Factors that were not in the 10-K filed Feb 18, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
Further, our systems are not fully redundant and our disaster recovery planning cannot account for all possible scenarios that we may encounter.
New risk paragraphs, against peers
Latest 10-K of each, Consumer discretionary companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $13.1B | $16.2B | $17.2B | $17.5B |
| Net income | $1.5B | $1.1B | $746.6M | $205.9M |
| Operating cash flow | $1.8B | $2.7B | $2.4B | $2.5B |
| Free cash flow | $991.4M | $1.8B | $1.2B | $1.5B |
Revenue, FY2016 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$17.5B ▲ 1.7% in FY2025$205.9M ▼ 72.4% in FY2025$1.5B ▲ 20.5% in FY2025
Recent filings
4 filings in the last 30 days · SEC EDGAR
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BuyNov 3, 2026Meister Keith A. (Director) bought $51.7M open-market purchase on Oct 30, 2026
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8-KOct 28, 2026Material agreement signed, Regulation FD disclosure 8-K items 1.01, 7.01
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8-KOct 28, 2026Quarterly results 8-K item 2.02
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10-QOct 28, 2026Quarterly report (10-Q) period ended Sep 30, 2026
About the company
MGM Resorts, Las Vegas, NV · from the 10-K filed Feb 11, 2026
MGM Resorts International is referred to as the “Company,” “MGM Resorts,” or the “Registrant,” and together with its subsidiaries may also be referred to as “we,” “us” or “our.” MGM Resorts International is a Delaware corporation incorporated in 1986 that acts largely as a holding company and, through subsidiaries, is a global gaming and entertainment company with domestic and international locations featuring best-in-class hotels and casinos, state-of-the-art meeting and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings, as well as sports betting and online gaming operations.
- Headquarters
- Las Vegas, NV
- Country
- United States
- Reports in
- USD
- Listed on
- NYSE
- Fiscal year ends
- December 31
- Last results
- Oct 28, 2026
- Incorporated in
- DE
Email alerts
Sources
The 10-K filed Feb 11, 2026 (open at SEC), compared with the 10-K filed Feb 18, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
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