# VICI Properties Inc. (VICI) · Edgar & Edgarette company card

> VICI Properties (VICI) grew revenue 4.1% in FY2025 to $4.0 billion, equity 59.5% of assets, and dividend per share up 7 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1705696 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/VICI) · [JSON](https://www.pops4.com/boards/company/VICI.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $4.0B |
| Revenue growth, 1 year | 4.1% |
| Revenue growth per year | 27.6% |
| Operating margin | — |
| Net margin | 70.4% |
| Operating cash flow | $2.5B |
| Capital spending | — |
| Free cash flow | — |
| Cash | $563M |
| Long-term debt | $16.8B |
| Total assets | $46.7B |
| Total equity | $27.8B |
| Equity ÷ assets | 59.5% |
| Return on equity | 10.1% |
| Dividend per share | $1.765 |
| Dividend years rising | 7 |

## Readings, computed from those figures

- Piotroski F: 6 of 9 (solid)
- Health Harbor boat: Sound ship · one warning sign · revenue is hard to predict: its 80% range is ±26%
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $4.0B (FY2025), total debt $16.8B. Experience: revenue up 4.1% on the year, up 27.6% a year over 4 years. Soundness: equity 59.5% of assets, return on equity 10.1%, payout 65.8% of profit, dividend per share up 7 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $3.3B and $5.6B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $2.7B to $6.9B. A statistical range, not company guidance. Against peers (79 filers, $50M+ revenue, real estate investment trusts): growth 4.1% against 3.7%.

Range logged 2026-09-25, receipt 7a188f9c58f8ec25, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 1, latest 2026-09-08 ([filing](https://www.sec.gov/Archives/edgar/data/1705696/000170569626000092/0001705696-26-000092-index.htm))

## Recent filings

- 10-Q · filed 2026-10-28 · [filing](https://www.sec.gov/Archives/edgar/data/1705696/000170569626000120/0001705696-26-000120-index.htm)
- 8-K · filed 2026-10-28 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1705696/000170569626000119/0001705696-26-000119-index.htm)
- 8-K · filed 2026-09-08 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1705696/000170569626000092/0001705696-26-000092-index.htm)
- 8-K · filed 2026-08-14 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1705696/000110465926097167/0001104659-26-097167-index.htm)
- 8-K · filed 2026-08-06 · 1.01 Entry into a Material Definitive Agreement; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1705696/000110465926092034/0001104659-26-092034-index.htm)
- 10-Q · filed 2026-07-29 · [filing](https://www.sec.gov/Archives/edgar/data/1705696/000170569626000090/0001705696-26-000090-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001705696.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1705696

## Cite

POPS4, Edgar & Edgarette: VICI Properties Inc. (VICI) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/VICI. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.