Vail Resorts Q1 net loss widens to $186.8 million; full-year guidance reaffirmed
Vail Resorts reported a first-quarter fiscal 2026 net loss attributable to the company of $186.8 million, wider than the $173.3 million loss a year earlier, even as resort net revenue rose 4% to $270.9 million. Resort Reported EBITDA was flat at a loss of $139.7 million, and the company reaffirmed its full-year fiscal 2026 guidance while citing a slow start to the western North American ski season. Shareholders keep the $2.22 quarterly dividend, and the company repurchased about $25 million of shares in November.
Key points
- Net loss attributable to Vail Resorts was $186.8 million, compared with $173.3 million a year earlier.
- Resort net revenue rose $10.7 million, or 4%, to $270.9 million, mainly on improved Australian visitation.
- Fiscal 2026 guidance reaffirmed: net income attributable of $201 million to $276 million and Resort Reported EBITDA of $842 million to $898 million.
- Quarterly dividend of $2.22 per share payable January 12, 2026; about 0.2 million shares repurchased in November for $25 million.
The filing
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 December 10, 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.