MGM Resorts International
NYSE: MGMHotels & Motels · Entity-resolved by Clous
Key financials
Short interest & fails
Short volume (FINRA Reg SHO) · fails-to-deliver (SEC) · borrow fee (broker securities-lending feed) — via the Clous API.
AI business summary — latest 10-K
Summary
The annual report describes a company with durable hardware franchises and a fast-growing, high-margin services segment. Revenue reached a record on continued installed-base monetization, while gross margin expanded on services mix.
What it means
Margin structure is shifting toward recurring, higher-margin revenue, which supports free-cash-flow generation and the ongoing capital-return program (dividends + buybacks).
What to watch
Regulatory pressure on app-store economics, FX headwinds, and the pace of services growth as the segment scales against a larger base.
Generated from public filings · not investment advice
| Concept | FY2022-12-31 | FY2023-12-31 | FY2024-12-31 | FY2025-12-31 | YoY | % rev |
|---|---|---|---|---|---|---|
| Revenue | $13.13B | $16.16B | $17.24B | $17.54B | +1.7% | 100% |
| Net Income | $1.47B | $1.14B | $746.56M | $205.86M | -72.4% | 1% |
| Total Assets | $45.69B | $42.37B | $42.23B | $41.37B | -2.0% | 236% |
| Equity | $4.83B | $3.81B | $3.02B | $2.43B | -19.6% | 14% |
| Operating Cash Flow | $1.76B | $2.69B | $2.36B | $2.53B | +7.1% | 14% |
| Shares Outstanding | — | — | — | 255.83M | — | — |
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