9 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 45.6% per year over the past 5 years.
Operating margin has contracted, at -11.4% in the latest year.
Financial health
Total debt ($4.5B) exceeds cash ($798M); net debt is $3.7B.
Total debt has grown slower than revenue (32.6% vs 45.6% per year).
Operating income covered interest expense -0.7× in the latest year.
Total debt is 292× EBITDA.
The company is unprofitable; at its current free-cash-flow burn it has roughly 4.5 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$2.4B
-$650M
0.0%
-11.4%
-$179M
$4.5B
$798M
2024
$2.5B
-$568M
0.0%
-10.5%
-$86M
$3.3B
$171M
2023
$2.4B
-$188M
0.0%
4.2%
-$123M
$3.7B
$163M
2022
$2.3B
-$426M
0.0%
-13.0%
$59M
$3.5B
$213M
2021
$1.3B
-$115M
0.0%
7.1%
-$15M
$3.4B
$206M
2020
$373M
-$5M
0.0%
-4.9%
$4M
$1.1B
$123M
2019
$524M
$55M
0.0%
21.9%
$66M
$684M
$183M
2018
$438M
$71M
0.0%
27.6%
-$20M
$394M
$78M
2017
$421M
$62M
0.0%
29.4%
$60M
—
$86M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$756M
-$162M
0.0%
12.1%
-$184M
$4.4B
$559M
Dec '25
$746M
-$404M
0.0%
-36.8%
-$19M
$4.5B
$798M
Sep '25
$664M
-$103M
0.0%
0.1%
-$139M
$3.7B
$161M
Jun '25
$658M
-$228M
0.0%
-0.4%
-$32M
$3.6B
$175M
Mar '25
$369M
$35M
0.0%
-0.5%
$12M
$3.5B
$210M
Dec '24
$580M
-$86M
0.0%
-5.6%
-$6M
$3.3B
$171M
Sep '24
$630M
-$248M
0.0%
-25.0%
-$56M
$3.7B
$191M
Jun '24
$622M
-$60M
0.0%
0.9%
$12M
$3.7B
$155M
Mar '24
$618M
-$174M
0.0%
-12.0%
-$36M
$3.7B
$169M
Dec '23
$612M
-$278M
0.0%
-51.7%
$25M
$3.7B
$163M
Sep '23
$632M
-$62M
0.0%
5.9%
-$92M
$3.4B
$179M
Jun '23
$606M
-$26M
0.0%
1.0%
$4M
$3.3B
$184M
Mar '23
$599M
$178M
0.0%
62.9%
-$60M
$3.3B
$344M
Dec '22
$577M
-$488M
0.0%
-78.8%
$762000
$3.5B
$213M
Sep '22
$578M
$593000
0.0%
9.3%
$9M
$3.4B
$164M
Jun '22
$552M
$60M
0.0%
15.4%
$82M
$3.4B
$176M
Mar '22
$548M
$2M
0.0%
4.1%
-$34M
$3.5B
$161M
Dec '21
$548M
-$115M
0.0%
-8.1%
-$20M
$3.4B
$206M
Sep '21
$315M
-$58M
0.0%
8.8%
$7M
$2.6B
$164M
Jun '21
$268M
$69M
0.0%
30.1%
-$12M
$1.3B
$196M
Valuation over time
How the market has priced BALY against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 0.4× (Mar '23) to 0.3× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is BALY growing its revenue and profit?
Over the past 5 years, Bally's Corp's revenue has grown 45.6% per year. These are computed facts, not advice.
How much debt does BALY have?
As of FY2025, Bally's Corp reported $4.5B of total debt against $798M of cash; operating income covered interest expense -0.7×.
What is BALY's profit margin?
In FY2025, gross margin was —, operating margin -11.4%, and net margin -26.7%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.