Red Rock Resorts Inc-A 2026年季度报告

(Mark one)☑QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF1934For the quarterly period ended March31, 2026 OR☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF1934 For the transition period fromtoCommission file number001-37754RED ROCK RESORTS, INC.(Exact name of registrant as specified in its charter) Delaware47-5081182(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.) 1505 South Pavilion Center Drive, Las Vegas, Nevada(Address of principal executive offices)89135(Zip Code)(702)495-3000(Registrant’s telephone number, including area code)N/A(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that theregistrant was required to submit such files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☑ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. Outstanding at April 29, 202658,465,63445,885,804 Class A Common Stock, $0.01 par valueClass B Common Stock, $0.00001 par value RED ROCK RESORTS, INC.INDEX PartI.Financial InformationItem1.Financial StatementsCondensed Consolidated Balance Sheets — March 31, 2026 (unaudited) and December31, 2025Condensed Consolidated Statements of Income — Three months ended March 31, 2026 and 2025(unaudited)Condensed Consolidated Statements of Stockholders’ Equity — Three months ended March 31, 2026 and2025 (unaudited)Condensed Consolidated Statements of Cash Flows — Three months ended March 31, 2026 and 2025(unaudited)Notes to Condensed Consolidated Financial Statements (unaudited)Item2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem3.Quantitative and Qualitative Disclosures About Market RiskItem4.Controls and Procedures PartII.Other InformationItem1.Legal ProceedingsItem1A.Risk FactorsItem2.Unregistered Sales of Equity Securities and Use of ProceedsItem3.Defaults Upon Senior SecuritiesItem4.Mine Safety DisclosuresItem5.Other InformationItem6.ExhibitsSignature RED ROCK RESORTS, INC.CONDENSED CONSOLIDATED STATEMENTS OF INCOME(amounts in thousands, except per share data)(unaudited) RED ROCK RESORTS, INC.CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(amounts in thousands)(unaudited) RED ROCK RESORTS, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(amounts in thousands)(unaudited) RED ROCK RESORTS, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)(amounts in thousands)(unaudited) RED ROCK RESORTS, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED) 1.Organization, Basis of Presentation and Significant Accounting Policies Organization Red Rock Resorts, Inc. (“Red Rock,” or the “Company”) was formed as a Delaware corporation in 2015 to own an indirectequity interest in and manage Station Casinos LLC (“Station LLC”), a Nevada limited liability company. Station LLC is a gaming,development and management company established in 1976 that owns and operates seven major gaming facilities and 14 smallergaming properties (three of which are 50% owned) in the Las Vegas regional market. The Company owns all of the outstanding voting interests in Station LLC and has an indirect equity interest in Station LLCthrough its ownership of limited liability interests in Station Holdco LLC (“Station Holdco,” and such interests, “LLC Units”), whichowns all of the economic interests in Station LLC. At March31, 2026, the Company held 59% of the economic interests and 100% ofthe voting power in Station Holdco, subject to certain limited exception