---
title: "Canterbury 2025 10-K: $59.6M Revenue, $(0.10) EPS on lower casino and pari‑mutuel results"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278586853.md"
description: "Canterbury reported fiscal 2025 net revenues of $59.6 million, down 3.2% from 2024, with a net loss of $0.529 million or $(0.10) per share. The decline was driven by lower casino and pari-mutuel results, with casino revenue falling 4.4% and pari-mutuel revenue down 6.6%. Operating income decreased to $2.462 million from $6.433 million in the previous year. Despite these challenges, the company completed key infrastructure projects and increased marketing efforts to enhance visitation."
datetime: "2026-03-10T16:05:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278586853.md)
  - [en](https://longbridge.com/en/news/278586853.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278586853.md)
---

# Canterbury 2025 10-K: $59.6M Revenue, $(0.10) EPS on lower casino and pari‑mutuel results

Canterbury reported fiscal 2025 net revenues of $59.6 million and a net loss of $0.529 million, equivalent to $(0.10) per share diluted, as declines in casino and pari‑mutuel take pressured results. Operating income fell to $2.462 million from $6.433 million a year earlier, reflecting lower hold percentages and increased competition in table games. Management completed key infrastructure projects while increasing marketing and event activity to support visitation.

**Financial Highlights**

-   **Total Net Revenues**: $59.568 million, decreased 3.2% versus 2024 (driven by casino and pari‑mutuel declines)
-   **Gross Profit**: $3.177 million (joint ventures combined gross profit noted; consolidated report shows operating income reconciliation)
-   **Income from Operations**: $2.462 million, down from $6.433 million in 2024
-   **Net (Loss) Income**: $(0.529) million, versus $2.113 million in 2024
-   **Basic and Diluted Net Income (Loss) per Share**: $(0.10) basic and $(0.10) diluted, versus $0.42 in 2024

**Business Highlights**

-   **Revenue Trend**: Net revenues declined 3.2% in 2025 to $59.6 million, attributable to lower casino and pari‑mutuel take.
-   **Channel Shift**: Casino revenue fell 4.4% as increased table‑game competition and lower hold percentages reduced gaming receipts.
-   **Live Racing Momentum**: Pari‑mutuel revenue declined 6.6% due to smaller fields and fewer live race days; the company supported field size through purse guarantees.
-   **Operational Investments**: Completed phase three barn relocation and redevelopment; advanced TIF‑funded infrastructure improvements and related receivable collections.
-   **Brand & Events**: Food and beverage revenue rose 3.5%; marketing spend increased to boost special‑event attendance and casino visitation.

Original SEC Filing: Canterbury Park Holding Corp \[ CPHC \] - 10-K - Mar. 10, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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