Bally's Corporation (BALY) Stock Price & Analysis
Bally's Corporation (BALY) closed at USD 13.86 on Friday, October 23, 2026, up 0.73% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 13.76; the Oct 23, 2026 session ranged USD 13.55–13.89 on volume of 50,995 shares. Market capitalization is $699.51M, with a 52-week range of USD 8.44–19.77 (NYQ). Source: Nexqual, retrieved October 25, 2026 at 03:25 UTC.
Also available as compact Markdown for AI agents: nexqual.com/BALY.md
Key facts (BALY)
- Last four reported quarters (through Jun 30, 2026): revenue $2.87B, net income -$639M (-22.3% margin) (SEC filings).
- Analysts: Hold (mean 3.40 on a 1–5 scale) (5 analysts), mean target USD 9.67 (range 7–12).
- Total return with dividends: 1Y -27.5% vs S&P 500 +13.4%; 5Y -21.3% vs S&P 500 +76.9%.
- Next earnings: 2026-11-09, EPS estimate USD -0.73, revenue estimate $808M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (BALY)
| USD | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $373M | $1.32B | $2.26B | $2.45B | $2.45B | $2.87B |
| Operating income | -$18.4M | $93.4M | -$293M | $104M | -$258M | $56.1M |
| Net income | -$5.5M | -$115M | -$426M | -$188M | -$568M | -$639M |
| EPS (diluted) | -$0.18 | -$2.31 | -$7.32 | -$3.51 | -$11.71 | — |
| Free cash flow | $4.2M | -$14.8M | $58.7M | -$123M | -$85.8M | — |
| Operating margin | -4.9% | 7.1% | -13.0% | 4.2% | -10.5% | 2.0% |
| Net margin | -1.5% | -8.7% | -18.9% | -7.7% | -23.2% | -22.3% |
| Revenue growth | -28.8% | +254.7% | +70.6% | +8.6% | +0.1% | — |
| Cash + short-term investments | $123M | $206M | $213M | $163M | $171M | — |
| Total debt | $1.10B | $3.45B | $3.49B | $3.66B | $3.32B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (BALY)
P/S 0.2x · EV/EBITDA 12.2x · EV/Sales 1.7x · P/B 1.1x · Earnings yield -91.40% · Net debt $4.12B · EV $4.82B
Analysts (BALY)
Consensus Hold (mean 3.40 on a 1–5 scale), 5 analysts; mean target USD 9.67 (low 7, high 12).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-07 | Macquarie | Target raised | Neutral | $11 → $12 |
| 2026-08-21 | Macquarie | Target lowered | Neutral | $13 → $11 |
| 2026-08-19 | Truist Securities | Target lowered | Hold | $15 → $10 |
| 2026-08-19 | Barclays | Target lowered | Underweight | $8 → $7 |
| 2026-07-20 | Truist Securities | Target raised | Hold | $13 → $15 |
Total return (dividends reinvested) (BALY)
| 1Y (from 2025-10-24) | 5Y (from 2024-12-02) | |
|---|---|---|
| Total return | -27.5% | -21.3% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -27.6% | -11.9% |
| Volatility (annualized) | 73.9% | 85.3% |
| Max drawdown | -54.6% (Oct 2025→Aug 2026) | -52.2% (Oct 2025→Aug 2026) |
BALY revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Casinos & Resorts | $401.0M | 50.6% | +2.0% |
| Bally’s Intralot B2C | $243.5M | 30.7% | +22.3% |
| Bally’s Intralot B2B | $79.5M | 10.0% | +1028.1% |
| North America Interactive | $66.1M | 8.3% | +16.9% |
| Corporate & Other | $2.2M | 0.3% | +33.7% |
| Total revenue | $792.2M | 100% | — |
BALY revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Gaming | $608.0M | 76.7% | +9.0% |
| Non-gaming | $184.2M | 23.3% | +84.4% |
| Non-gaming | $89.6M | 11.3% | +2.5% |
| — Food and beverage (part of Non-gaming) | $36.6M | 4.6% | +5.1% |
| — Hotel (part of Non-gaming) | $33.6M | 4.2% | -0.4% |
| — Retail, entertainment and other (part of Non-gaming) | $19.5M | 2.5% | +2.8% |
| Total revenue | $792.2M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
BALY suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | MLB Professional Development Leagues | “We have entered into strategic partnerships with the National Hockey League, MLB Professional Development Leagues, LLC,” |
| Partner | IGT Global Solutions | “Bally's Twin River - In connection with our partnership with IGT, we have committed to invest $100 million in Bally's Twin” |
Quoted from the company's 10-K filed Mar 23, 2026.
BALY company outlook (results filed Aug 14, 2026)
- “As we look to the second half of 2026, our execution is creating revenue tailwinds both domestically and internationally, generating multiple levers to improve profitability, and building a solid foundation for long-term shareholder returns. "Domestically, we are making substantial progress on our development projects.”
- “Bally's has already made substantial investments in the project, including the $500 million license fee and $115 million golf course concession contingent payment, both of which were made in the first quarter of 2026.”
- “The $4.0 billion Bally's Bronx integrated casino project is expected to open by 2030 and will feature 3 million square feet of gaming facilities, a 500-room hotel, a 2,000-person event center, and an 18-hole world-class golf course.”
Quoted word-for-word from the SEC 8-K results press release.
BALY analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.73 | $-0.89 | -18.0% | $807.8M | 1 |
| Next quarter (ends Dec 2026) | $-0.94 | $-1.17 | -19.7% | $808.1M | 1 |
| Current fiscal year (ends Dec 2026) | $-6.94 | $-6.04 | +14.8% | $3.16B | 1 |
| Next fiscal year (ends Dec 2027) | $-3.44 | $-3.40 | +1.2% | $3.42B | 2 |
BALY options: expected move
Options price a move of about ±21.8% (±$3.03) by Nov 20, 2026, which includes earnings on Nov 9, 2026. Over the last 7 reports the stock moved ±9.7% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 27 | 107.3% | ±21.8% |
| Mar 19, 2027 | 146 | 72.9% | ±38.1% |
| Jun 17, 2027 | 236 | 67.9% | ±44.6% |
30-day implied volatility 79.6% vs 69.7% realized over the last 30 trading days. Put/call ratio (volume) —. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 25, 2026 at 03:25 UTC)
| Price | USD 13.86 |
|---|---|
| Change | ▲ 0.73% (up) |
| Previous Close | USD 13.76 |
| Open | USD 13.54 |
| Day Range | USD 13.55 – 13.89 |
| 52-Week Range | USD 8.44 – 19.77 |
| Volume | 50,995 shares |
| Market Cap | $699.51M |
| Exchange | NYQ |
Technical Analysis (BALY)
Nexqual's technical model rates BALY "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 25, 2026 at 03:25 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 68.86 (neutral) |
| vs SMA50 | Above (USD 11.63) |
| MACD | 0.47 (positive) |
Analyst Ratings (BALY)
Wall Street analysts rate BALY "Hold" based on 5 analysts, with a mean price target of USD 9.67 (range USD 7–12), per Nexqual as of October 25, 2026 at 03:25 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 5 |
| Mean Target | USD 9.67 |
| High Target | USD 12 |
| Low Target | USD 7 |
| Buy / Hold / Sell | 0 / 4 / 1 |
Earnings (BALY)
| Next Earnings Date | 2026-11-09 |
|---|---|
| EPS Estimate | USD -0.73 |
| Revenue Estimate | $807.85M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -1.02 vs est -0.88 ▼ miss |
| 2026-03-31 | USD -2 vs est -0.62 ▼ miss |
| 2025-12-31 | USD -0.87 vs est -0.75 ▼ miss |
| 2025-09-30 | USD -3.85 vs est -0.83 ▼ miss |
Source: Nexqual, October 25, 2026 at 03:25 UTC.
Financials & Fundamentals (BALY)
| Total Revenue | $2.96B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +20.50% |
| Gross Margin | +57.68% |
| Operating Margin | -0.83% |
| Profit Margin | -25.83% |
| ROE | -56.64% |
| Debt / Equity | 3.18 |
| Current Ratio | 0.91 |
| Total Cash | $390.26M |
| Total Debt | $6.91B |
| Free Cash Flow (fiscal year ended Dec 2024, SEC 10-K) | -$85.83M (-3.5% of revenue) |
Source: Nexqual, October 25, 2026 at 03:25 UTC.
Financial Health Score (BALY)
Nexqual rates Bally's Corporation's overall financial health "Weak" across five dimensions, as of October 25, 2026 at 03:25 UTC.
| Growth | Solid — Revenue +8% YoY (annual) |
|---|---|
| Profitability | Mixed — Gross margin 58%, operating -1% (last 12 months) |
| Balance Sheet | Critical — $390M cash and investments vs $4.51B debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$86M (FY ended Dec 2024, 10-K), burning cash |
| Efficiency | Critical — ROE -57%, ROA -0.1% |
Ownership (BALY)
| Insider Ownership | +12.50% |
|---|---|
| Institutional Ownership | +75.54% |
| Shares Outstanding | 50.47M |
| Float | 11.67M |
| Short % of Float | +10.05% |
Source: Nexqual, October 25, 2026 at 03:25 UTC.
Leadership (BALY)
Bally's Corporation is led by Robeson Mandela Reeves, CEO & Director, per Nexqual as of October 25, 2026 at 03:25 UTC.
| CEO & Director | Robeson Mandela Reeves |
|---|---|
| Executive Chairman of the Board | Soohyung J. H. Kim |
| President, Interim CFO & Director | George T. Papanier C.P.A. |
| President of Rhode Island Operations & Corporate Secretary | Craig L. Eaton |
Major Backers & Investors (BALY)
Notable institutional backers of Bally's Corporation include Whitefort Capital Management, LP, Sessa Capital IM, L.P., Rathbones Group PLC, according to Nexqual as of October 25, 2026 at 03:25 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Whitefort Capital Management, LP | 4.77% |
| Sessa Capital IM, L.P. | 0.89% |
| Rathbones Group PLC | 0.69% |
| Fidelity | 0.29% |
| JB Capital Partners LP | 0.22% |
| AQR Capital Management, LLC | 0.18% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 1.31% |
| Vanguard Group | 1.08% |
| Geode Capital | 0.42% |
| State Street | 0.26% |
Source: Nexqual, October 25, 2026 at 03:25 UTC.
From Bally's Corporation's Latest SEC 10-K Filing (filed 2026-03-23)
Key Strengths & Strategy (as disclosed to the SEC)
- Our proprietary software and technology stack is designed to allow us to provide consumers with differentiated offerings and exclusive content.
- In 2025, we continued to strengthen our online gaming and sports betting offerings, including the rollout of a redesigned proprietary sportsbook interface in North America.
- We are also committed to supporting responsible gaming research and donated over $1 million to the International Center of Responsible Gaming for expanded research for underage play prevention and the usage of responsible gaming tools since 2022.
- In order to protect our brands, technology and other creative output, we rely on a combination of trademarks, copyright, patents, trade secrets and contract law to establish and protect our proprietary rights.
Partnerships
- A failure to comply with the Regulatory Agreement could subject us to injunctive and monetary relief, and ultimately the revocation or suspension of our licenses to operate in Rhode Island.
Legal & Regulatory Risks (Item 1A, quoted)
- Failure to comply with the terms of the Regulatory Agreement could result in a breach and could harm our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| MLCO | Melco Resorts & Entertainment L | USD 3.73 | ▼ 5.81% |
| PENN | PENN Entertainment, Inc. | USD 14.5 | ▼ 6.21% |
| MCRI | Monarch Casino & Resort, Inc. | USD 112.68 | ▼ 0.72% |
| HGV | Hilton Grand Vacations Inc. | USD 35.89 | ▼ 3.21% |
| VAC | Marriott Vacations Worldwide Co | USD 109.31 | ▼ 3.21% |
| RRR | Red Rock Resorts, Inc. | USD 49.61 | ▼ 1.63% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 25, 2026 at 03:25 UTC. This page is informational and not investment advice.
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