Bally’s $BALY Read from its own SEC filings · nothing written, nothing inferred

🫧 Edgar looked up Bally’s Corporation ($BALY). Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-10-02. 17 event filings (8-K) in the past twelve months.

🔖 Exposure: revenue $2.5B (FY2024), total debt $3.3B. Experience: revenue up 0.1% on the year, up 60.1% a year over 4 years; operating margin -10.5%, down from 4.2%. Soundness: equity 0.5% of assets, return on equity -1837.3%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $2.0B and $3.5B 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 $1.7B to $4.2B. A statistical range, not company guidance. Against peers (19 filers, $50M+ revenue, hotels & motels): operating margin -10.5% against a 15.8% median; growth 0.1% against 3.8%.

Next year, 80%$2.0B–$3.5B
Growth, on the year0.1%
Operating margin−10.5%
Equity of assets0.5%
Credibility50%
Track record0 of 4
Bally’s Corporation against its own record and its peers
Operating marginPeer median 15.8%-10.5%Revenue, on the yearPeer median 3.8%0.1%Equity of assetsPeer median 10.0%0.5%Return on equityPeer median 14.7%-1837.3%Gold tick: the median of 16–22 peers with $50M+ revenue in hotels & motels
Handed back now, or kept to compound · of each dollar of profit
Handed back per share$0.1

Gold paid out, navy kept. Kept share × return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.

Speed and cash · fiscal 2025

Cash Compass🍂 Fading · slow and jumpy, lagging its peers
Inside viewTurns -0.4% of revenue into operating cash; revenue growing 2.6% a year over three years; no common dividend.
Outside viewAmong $1B-10B companies: 6th percentile for cash, 40th for growth. cash growth

Both views must agree for a label · a description, not advice.

Cash flow (op · inv · fin · free)$114M · $98M · −$288M · −$86M
Investment book (cash · short · long)$171M · — · — · current ratio 0.66
Revenue swing · equity of assets25.7% · 8.9%

Bally’s is growing slower than its size class, with revenue that swings more. Its own audited SEC figures.

The figures, as filed

Fiscal year end2024-12-31
Revenue$2.5B
Revenue, on the year0.1%
Revenue, a year over the record60.1%
Operating margin−10.5%
Operating margin, prior year4.2%
Net margin−23.2%
Research and developmentnot filed separately
Total debt$3.3B
Equity of assets0.5%
Return on equity−1837.3%
Payout of profit—
Dividend per share$0.1
Earnings per share$-11.71
Book value per share$0.64
Revenue per share$50.56
Shares outstanding48,468,887
Audited years read5

Peers: the median of 19 filers with $50M+ revenue in hotels & motels.

Health HarborBally’s sails as: Rotting at the dock

Health watch · 12 monthsLate annual report noticeLate quarterly report notice ×3Director or officer change ×3

Tied up at the dock.

🌊 Visit the Bay →
  • filed late annual report notice, late quarterly report notice in the last 12 months
  • slow and jumpy: growing slower than its size class, with revenue that swings more
  • operating cash flow was negative
  • revenue is hard to predict: its 80% range is ±26%

Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.

Recent filings

Its latest audited year is FY2025, which reports no revenue; the revenue figures and the range here are from FY2024, its last year with revenue on record. 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. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company

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