Full House Resorts Inc logo

Full House Resorts Inc(FLL)

upturn advisory logo
EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$0.62
11/06/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for FLL

11/06/2026: FLL (1-star) is currently NOT-A-BUY. Pass it for now.

Full House Resorts is a regional gaming operator focused on developing and managing properties in niche markets across the United States. The company's primary growth story centers on the maturation of new developments, particularly its American Place property in Illinois, which aims to drive revenue growth. While these developments provide significant upside potential, they also necessitate a high-leverage capital structure that increases financial risk. Investors must weigh the potential for operational scaling against the realities of high interest expenses and intense competition from larger, better-capitalized gaming firms. The stock is likely suited for investors with a higher risk tolerance who are looking for exposure to targeted regional gaming expansion.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company is in an expansion phase, but growth is dependent on successful execution of capital-intensive projects.
Momentum investorMixed fitThe stock often reacts to construction milestones or regional gaming news, requiring a positive trend signal.
Value investorWeak fitValuation is complex due to high debt levels and the current growth-stage investment cycle.
Dividend investorWeak fitThe company does not pay a dividend, prioritizing capital expenditure over income distribution.
Low-risk investorWeak fitHigh volatility and debt-heavy capital structure make this unsuitable for low-risk portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock's smaller market capitalization and exposure to cyclical gaming demand lead to significant price swings.
Valuation riskMedium / highValuation is highly dependent on the future cash flow generation of new properties.
Competition risk (Regional Gaming)HighAggressive competition from larger players with superior scale and loyalty programs poses a constant threat.
Business qualityMediumThe business relies on successful execution of specific, often isolated, regional property projects.
Dividend incomeLow / noneThere is no dividend income for investors.
Execution riskHighDelays or cost overruns in property development directly impair the company's ability to service debt.

Analysis of Past Performance

Type Stock
Historic Profit -67.25%
Avg. Invested days 18
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/06/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
FLL receives a 3-star rating based on the available scored pillars. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

★★★★★
FLL has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, moderate earnings growth (+1.2%) is partially offset by weak cash generation (FCF margin -0.9%), moderate revenue growth (+3.5%), weak profitability (net margin -13.3%).

Financial Health Rating

★★★★★
FLL's financial health is supported by moderate efficiency, including operating-expense and cost-of-revenue discipline (opex 36.3% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is FLL's strongest growth driver at +93.1% FY2025 versus FY2024 (strong, 5 stars). By comparison, while revenue growth (+3.5%, moderate) and earnings growth (+1.2%, moderate) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 40.1% and approximately 88.6% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 8.20% supports management-shareholder alignment.

Top 5 Institutional Investors

Private Management Group Inc 4.76%
Vanguard Capital Management, LLC 3.85%
R.P. Boggs & Co 3.77%
White Pine Capital LLC 2.32%
CastleKnight Management LP 2.14%

Unit Economics (Per $1K Revenue)

★★★★★
FLL generates approximately $375 of gross profit, $13 of operating income, and $-9 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Negative free cash flow explains the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: -1.34% (Tax Credit)

Quantitative Style Profile

★★★★★
FLL has a liquid profile. Weak momentum is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

Value-OrientedHigh VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 26.55M USD
Price to earnings Ratio -
1Y Target Price 3
Price to earnings Ratio -
1Y Target Price 3
Volume (30-day avg) 369.6K shares
Beta 1.53
52 Weeks Range 0.59 - 3.37
Updated Date 11/05/2026
52 Weeks Range 0.59 - 3.37
Updated Date 11/05/2026
Dividends yield (FY) -
Basic EPS (TTM) -1.02

How Company Makes Money

Business areaWhat it includesRetail investor read
Gaming OperationsSlot machine and table game revenue at owned casinos.The core source of daily cash inflow for the business.
Hospitality & AmenitiesHotel room rentals, food, beverage, and entertainment services.Complements gaming revenue by keeping guests on-site longer.
Geography (Regional)Properties in CO, MS, NV, and IL.The company's success is tied to the regional economic health of these specific locations.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Valuation

Trailing PE -
Forward PE 123.46
Enterprise Value 522.29M
Price to Sales(TTM) 0.09
Enterprise Value 522.29M
Price to Sales(TTM) 0.09
Enterprise Value to Revenue 1.71
Enterprise Value to EBITDA 11.18
Shares Outstanding 36.64M
Shares Floating 32.47M
Shares Outstanding 36.64M
Shares Floating 32.47M
Percent Insiders 8.2
Percent Institutions 40.05

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.