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AI brief of an SEC Form 8-K · Six Flags (FUN)

Six Flags Q4 2025 net loss narrows to $92 million as revenue falls 5%

Negative Impact 4 of 5 earnings Written later

Six Flags reported fourth-quarter 2025 net revenues of $650 million, down 5% from a year earlier, with attendance down 13% to 9.3 million guests. The net loss attributable to the company narrowed to $92 million, or $0.91 per diluted share, from $264 million, while Adjusted EBITDA fell to $165 million from $209 million. For the full year, the company reported a net loss attributable to shareholders of $1.60 billion, including a $1.5 billion non-cash impairment charge, and CEO John Reilly said 2025 results fell short of expectations.

Key points

  • Q4 2025 net revenues were $650 million, down $37 million (5%) from $687 million in Q4 2024; attendance fell 13% to 9.3 million.
  • Q4 2025 net loss attributable to the company was $92 million, or $0.91 per diluted share, versus a $264 million loss ($2.76 per diluted share) in Q4 2024.
  • Q4 2025 Adjusted EBITDA was $165 million, a $43 million decline from $209 million in Q4 2024.
  • Full-year 2025 net loss attributable to the company was $1.60 billion, including a $1.5 billion non-cash goodwill and intangibles impairment; net debt was $5.11 billion at Dec. 31, 2025.

The filing

CompanySix Flags (FUN)
Form8-K, current report
Filed with the SECFeb 19, 2026, 7:28 AM ET
Accession number0001999001-26-000022

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 19, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.