BALY
Bally's Corp
Next earnings Jul 17, 2026 (after close) · consensus $-1.08 EPS, $803M rev
Last earnings +1.4% on 2026-05-18
$14.98
▲ +3.60%$14.98▲ +44.32%
over 1Y
L $9.23EODHDH $19.46
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+3.6%
1W+3.7%
1M+9.5%
3M+42.3%
YTD-10.0%
1Y+44.3%
Avoid
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 10 analysts
Sell
Serial money-loser stacking debt and acquisitions onto a fragile balance sheet — 8.7x leverage and a -$568M loss make this uninvestable.
Net income -$568M · FY2024
Bally's is a textbook 'avoid': five consecutive years of net losses (FY2020 -$5.5M → FY2024 -$568M), flat revenue ($2.45B in both FY2023 and FY2024), and an operating margin that swung to -10.5%. The fundamental story is deterioration masked by acquisitions — total assets ballooned +91.6% to $11.2B in FY2025 while equity is just $995M, producing a precarious 8.73x liabilities-to-equity ratio. Retained earnings sit at -$650M, confirming this business has never compounded shareholder value.
Financials · annual, by fiscal year
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| Revenue | $373M | $1.32B | $2.26B | $2.45B | $2.45B |
| Gross profit | — | — | — | — | — |
| Operating income | -$18.4M | $93.4M | -$293M | $104M | -$258M |
| Net income | -$5.49M | -$115M | -$426M | -$188M | -$568M |
| Diluted EPS | -$0.18 | -$2.31 | -$7.32 | -$3.51 | -$11.71 |
| Net margin | -1.5% | -8.7% | -18.9% | -7.7% | -23.2% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$5.05B
EV / EBITDA41.7
EV / Sales2.1
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-78.1%
FCF yield-11.8%
Quality & risk
ROIC (est.)-3.7%
Free cash flow-$85.8M
Total debt$4.50B
Net cash-$4.33B
Altman Z-Score0.08 distress
Piotroski F-Score4/8
Capital returns
Buyback yield0.0%
Dividend yield (est.)0.0%
Shareholder yield0.0%
Shares Δ YoY+0.1%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 8-K Material agreement2026-06-11
Entered new material agreement; expands strategic deal flow amid heavy M&A activity
- 8-K Shareholder vote2026-05-20
Annual meeting vote results disclosed; routine governance event
- 8-K Earnings results2026-05-18
Q1 filed on time after NT delay; assets ballooned to $11.2B post-Intralot/Queen merger
- 10-Q Quarterly report2026-05-18
Q1 filed on time after NT delay; assets ballooned to $11.2B post-Intralot/Queen merger
- NT 10-Q Late filing notice2026-05-11
Late Q1 filing notice — second delay in two quarters signals reporting strain
- 10-K/A Restated periodic report2026-04-20
Amended 10-K — restatement or proxy info insert raises disclosure-quality concerns
- DEF 14A Proxy statement2026-04-09
Proxy filed for annual meeting; routine governance disclosures
- 10-K Annual report2026-03-23
FY25 net loss $568M, LT debt +35% to $4.46B; Intralot/Queen/Star expansion in flight
- NT 10-K Late filing notice2026-03-17
Late 10-K notice — annual report delayed, weakens disclosure reliability
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-06-052026-06-11open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗S-8Filing2026-05-28open ↗8-KPeriod ending 2026-05-192026-05-20open ↗4Period ending 2026-05-192026-05-20open ↗4Period ending 2026-05-192026-05-20open ↗4Period ending 2026-05-192026-05-20open ↗4Period ending 2026-05-152026-05-19open ↗10-QPeriod ending 2026-03-312026-05-18open ↗8-KPeriod ending 2026-05-182026-05-18open ↗
Frequently asked
- Is Bally's Corp (BALY) a buy?
- BALY currently carries a Avoid rating with 4/5 conviction, derived from its latest SEC filings. Serial money-loser stacking debt and acquisitions onto a fragile balance sheet — 8.7x leverage and a -$568M loss make this uninvestable.
- What is Bally's Corp's quality score?
- BALY scores 46.45098039215686/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001747079, latest 10-Q filed 2026-05-18) · EODHD · analysis by claude-code · as of 6/25/2026, 3:17:05 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.