FY2025 · ended Dec 31, 2025 · Revenue $2.93B, +7.0% YoY · Filed Feb 25, 2026
Churchill Downs Inc (CHDN) files with the SEC under industry code 7948, Services-Racing, Including Track Operation. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $2.9 billion and net income of $383.0 million. As of Sep 30, 2026 it held $167.0 million in cash and investments and $4.7 billion in total debt.
Revenue (TTM)
$3.00B
+4.2% vs year-ago TTM
Net income (TTM)
$455.00M
+12.7% vs year-ago TTM
Operating cash flow
$769.80M
-0.2% vs prior year
Free cash flow
$168.20M
-7.5% vs prior year
EPS (TTM)
$6.48
+18.8% vs year-ago TTM
Dividend per share
$0.44
+7.1% vs prior year
Shares outstanding
69.70M
-5.2% vs prior year
Net cash
$-4.55B
as of Sep 30, 2026
Operating margin
25.5%
FY 2026
Company profile
- Industry
- Services-Racing, Including Track Operation (SIC 7948)
- Listed as
- CHDN (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- KY
- Headquarters
- Louisville, KY
- SEC filer status
- Large accelerated filer
- SEC CIK
- 20212
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.7B | $2.5B | $1.8B | $1.6B |
| Operating income | $683.8M | $709.0M | $564.0M | $321.8M | $284.4M |
| Net income | $383.0M | $426.8M | $417.3M | $439.4M | $249.1M |
| Diluted EPS | — | — | $5.49 | $5.71 | $3.18 |
| Operating cash flow | $769.8M | $771.7M | $605.3M | $510.8M | $459.5M |
| Total assets | $7.5B | $7.3B | $7.0B | $6.2B | $3.0B |
| Total liabilities | $6.4B | $6.2B | $6.1B | $5.7B | $2.7B |
| Stockholders' equity | $1.0B | $1.1B | $893.6M | — | — |
| Cash and investments | $200.6M | $175.5M | $144.5M | $129.8M | $291.3M |
| Total debt | $5.2B | $5.0B | $4.9B | $4.7B | $2.0B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Regulation FD disclosure
|
Oct 28, 2026 | Oct 27, 2026 |
| 8-K |
Current report
Officer or director change, Regulation FD disclosure
|
Oct 28, 2026 | Oct 27, 2026 |
| 10-Q | Quarterly report | Oct 28, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Oct 28, 2026 | Oct 28, 2026 |
| 8-K |
Current report
Material agreement, New debt, Regulation FD disclosure
|
Sep 28, 2026 | Sep 25, 2026 |
| 10-Q | Quarterly report | Jul 29, 2026 | Jun 30, 2026 |
All 1007 Churchill Downs Inc SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.