PENN - NASDAQ
PENN Entertainment, Inc.
$19.65
-2.9%PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in North America. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates 44 properties in 20 states; online sports betting in 13 jurisdictions; and iCasino in five under a portfolio of brands, including Hollywood Casino, L'Auberge, Barstool Sportsbook, and theScore Bet. The company was formerly known as Penn National Gaming, Inc. and changed its name to PENN Entertainment, Inc. in August 2022. PENN Entertainment, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.
At a Glance
Live SnapshotPENN Entertainment, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.
Operating Margin
Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.
Net Profit Margin
Net losses indicate the company is burning cash. Sustainability depends on path to profitability.
Profitability Insight
Non-operating losses: Core business is profitable but other expenses (interest, taxes, one-time items) are driving net losses. Review capital structure and non-operating items.
PENN Entertainment, Inc. Income Statement
PENN • NASDAQ
| PENN Entertainment, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
7B | 6.6B | 6.4B | 6.4B | 5.9B | 3.6B | 5.3B | 3.6B | 3.1B | 3B | 2.8B | 2.6B | 2.9B | 2.9B | 2.7B | 2.5B | 2.4B | 2.4B | 2.4B | 2.4B | |
GROSS PROFIT | ||||||||||||||||||||
(5.1B) | (4.4B) | (4B) | (3.6B) | (3.1B) | (1.9B) | (3B) | (2B) | (1.8B) | (1.8B) | (1.6B) | (1.5B) | (1.7B) | (1.7B) | (1.6B) | (1.5B) | (1.4B) | (1.4B) | (1.4B) | (1.3B) | |
1.9B | 2.2B | 2.4B | 2.8B | 2.8B | 1.7B | 2.3B | 1.5B | 1.3B | 1.3B | 1.2B | 1.1B | 1.3B | 1.2B | 1.1B | 994.2M | 941.4M | 995.6M | 1B | 1B | |
OPERATING INCOME | ||||||||||||||||||||
(1.6B) | (2.1B) | (3.1B) | (1.8B) | (1.7B) | (2.1B) | (1.8B) | (905.9M) | (781.8M) | (734.2M) | (708.9M) | (1B) | (894.3M) | (777.6M) | (621.9M) | (616.3M) | (603.6M) | (1.1B) | (536.3M) | (466.9M) | |
(1.6B) | (1.6B) | (1.6B) | (1.1B) | (1.4B) | (1.1B) | (1.2B) | (619M) | (514.8M) | (463M) | (449.4M) | (867.8M) | (596M) | (532.2M) | (410.5M) | (403.9M) | (409.2M) | (427.1M) | (388.4M) | (436.6M) | |
272.1M | 72.5M | -690.2M | 974M | 1.1B | -410.2M | 571.9M | 634.1M | 475.1M | 543M | 467.8M | -240.4M | -772M | 442.6M | 499.6M | 153.2M | -194.6M | -86.4M | 497.8M | 577.8M | |
PRE-TAX INCOME | ||||||||||||||||||||
(405.8M) | (470.5M) | (464.7M) | (758.2M) | (561.7M) | (543.2M) | (534.2M) | (539.4M) | (466.8M) | (459.2M) | (443.1M) | (425.1M) | (159.9M) | (81.4M) | (99.6M) | (130.2M) | (135M) | (169.8M) | (0.0) | (0.0) | |
-396.1M | -446.9M | -424.4M | -739.9M | -561.7M | -543.2M | -534.2M | -538.4M | -463.2M | -435.1M | -431.6M | -421.4M | -158.5M | -81.2M | -99.1M | -128.6M | -128.5M | -161.5M | 0.0 | 0.0 | |
-400K | (522.7M) | (1.5B) | (685.7M) | (344.5M) | (990.1M) | (587.3M) | -7.1M | -2.3M | -1.7M | (5.9M) | (2.9M) | (3.8M) | -1.4M | (211.5M) | (197.3M) | (194.4M) | (173.5M) | (147.9M) | (30.2M) | |
-1.1B | -413.8M | 190.6M | -798.7M | -520.5M | -424M | -485.8M | -544.2M | -482.7M | -422.4M | -447.8M | -565.4M | -431.8M | -71.6M | -110.3M | -148.7M | -665.7M | -442.5M | -205.6M | -207.9M | |
-820.7M | -341.3M | -499.6M | 175.3M | 539.1M | -834.2M | 86.1M | 89.9M | 4.3M | 120.6M | 56.6M | -271.8M | -915.9M | 364.5M | 389.2M | 4.5M | -327.9M | -47.6M | 292.2M | 369.9M | |
NET INCOME | ||||||||||||||||||||
(24.6M) | -28M | -8.2M | -46.4M | (118.6M) | -165.1M | (43M) | -3.6M | -498.5M | (11.3M) | (55.9M) | -38.6M | -121.5M | (152.6M) | (146.9M) | (66.2M) | -60.5M | (105.7M) | (132.2M) | (156.9M) | |
-843.1M | -311.5M | -490M | 222.1M | 420.8M | -669.5M | 43.9M | 93.5M | 502.9M | 109.3M | 686K | -233.2M | -794.3M | 212M | 242.4M | -59.5M | -264.9M | -153.3M | 160.1M | 327.1M |
SEC Filings
PENN - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 28, 2026 | May 28, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 29, 2026 | March 31, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 27, 2026 | June 16, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 23, 2026 | April 23, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 16, 2026 | April 16, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 16, 2026 | March 16, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 26, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 26, 2026 | February 26, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 23, 2026 | February 22, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 09, 2026 | January 05, 2026 | 2026 |
Related Guides
Continue your PENN research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.