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AI brief of an SEC Form 8-K · Vail Resorts (MTN)

Vail Resorts FY2025 net income rises to $280.0M; FY2026 forecast $201M-$276M

Mixed Impact 3 of 5 earnings Written later

Vail Resorts reported fiscal 2025 net income of $280.0 million, up from $231.1 million, on total net revenue of $2,964.3 million, and gave fiscal 2026 guidance of $201 million to $276 million in net income. Season pass units through September 19, 2025 fell about 3%, and management said the results were below expectations, which bears on the company's ability to grow revenue.

Key points

  • Fiscal 2025 Resort Reported EBITDA was $844.1 million, up from $825.1 million in fiscal 2024.
  • Fiscal fourth-quarter Resort Reported EBITDA decreased 8% versus the prior year, driven mainly by $8 million of CEO transition costs.
  • Fiscal 2026 guidance projects Resort Reported EBITDA of $842 million to $898 million.
  • Quarterly dividend of $2.22 per share is payable October 27, 2025, and fiscal 2025 buybacks totaled $270 million.

The filing

CompanyVail Resorts (MTN)
Form8-K, current report
Filed with the SECSep 29, 2025, 4:07 PM ET
Accession number0000812011-25-000103

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:05 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 September 29, 2025.

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.