secwatch.observer — SEC 8-K summary
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Issuer:     BOYD GAMING CORP (BYD)
CIK:        0000906553
Form:       8-K
Filed at:   2026-02-05T23:59:59+00:00
Accession:  0001437749-26-003201
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Boyd Gaming Q4 revenue rises to $1.1B; adjusted EPS $2.21 vs $1.96 YoY
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- Q4 2025 revenue $1.1B (up from $1.0B YoY); net income $140.4M ($1.79 EPS) vs $170.5M ($1.92 EPS).
- Q4 Adjusted EBITDAR $336.6M vs $379.3M; Adjusted Earnings $173.5M ($2.21 per share) vs $174.7M ($1.96).
- Full-year 2025 revenue $4.1B (record); includes $1.4B after-tax gain from FanDuel stake sale and $128.4M impairment.
- Full-year Adjusted Earnings $604.6M ($7.40 EPS) vs $611.3M ($6.55 EPS); Adjusted EBITDAR flat at $1.4B.
- Returned over $800M to shareholders via buybacks/dividends; progressing on $750M Virginia resort.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906553/000143774926003201/0001437749-26-003201-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906553/000143774926003201/bgc20260106_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-003201

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer