Source: Vici Properties's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026
Revenue, net income & free cash flow
Income statement
fiscal years · USD
Fiscal year
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
$187.61M
$897.98M
$894.80M
$1.23B
$1.51B
$2.60B
$3.61B
$3.85B
$4.01B
Cost of revenue
—
$17.37M
$18.90M
$17.63M
$20.76M
$22.60M
$27.09M
$26.89M
$26.73M
Gross profit
—
$880.61M
$875.90M
$1.21B
$1.49B
$2.58B
$3.58B
$3.82B
$3.98B
Operating income
$144.20M
$140.02M
$52.30M
$321.02M
—
—
—
—
—
Interest expense
$63.35M
$212.66M
$248.38M
$308.61M
$392.39M
$539.95M
$818.06M
$826.10M
$843.61M
Pre-tax income
$42.64M
$533.56M
$555.99M
$897.04M
$1.03B
$1.14B
$2.55B
$2.73B
$2.82B
Income tax
-$1.90M
$1.44M
$1.71M
$831.00K
$2.89M
$2.88M
-$6.14M
$9.70M
$2.44M
Net income
$44.54M
$523.62M
$545.96M
$891.67M
$1.01B
$1.12B
$2.51B
$2.68B
$2.78B
EBITDA
$144.95M
$143.71M
$56.13M
$324.75M
—
—
—
—
—
EPS (basic)
—
$1.43
$1.25
$1.76
$1.80
$1.27
$2.48
$2.56
$2.61
EPS (diluted)
—
$1.43
$1.24
$1.75
$1.76
$1.27
$2.47
$2.56
$2.61
Diluted shares
—
367.32M
439.15M
510.91M
577.07M
879.68M
1.02B
1.05B
1.06B
Gross margin
—
98.1%
97.9%
98.6%
98.6%
99.1%
99.3%
99.3%
99.3%
Operating margin
76.9%
15.6%
5.8%
26.2%
—
—
—
—
—
Net margin
23.7%
58.3%
61.0%
72.8%
67.2%
43.0%
69.6%
69.6%
69.3%
Balance sheet
fiscal years · USD
Fiscal year
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash & equivalents
$183.65M
$577.88M
$1.10B
$315.99M
$739.61M
$208.93M
$522.57M
$524.62M
$563.48M
Short-term investments
$0
$520.88M
$59.47M
$19.97M
$0
$217.34M
$0
$0
$44.48M
Total assets
$9.74B
$11.33B
$13.27B
$17.06B
$17.60B
$37.58B
$44.06B
$45.37B
$46.72B
Long-term debt
$4.12B
$4.12B
$4.79B
$6.77B
$4.69B
$13.74B
$16.72B
$16.73B
$16.77B
Total debt
$4.12B
$4.12B
$4.79B
$6.77B
$4.69B
$13.74B
$16.72B
$16.73B
$16.77B
Total liabilities
$4.96B
$4.43B
$5.22B
$7.57B
$5.41B
$15.29B
$18.40B
$18.42B
$18.50B
Shareholders' equity
$4.69B
$6.82B
$7.97B
$9.42B
$12.11B
$21.93B
$25.26B
$26.54B
$27.80B
Cash flow
fiscal years · USD
Fiscal year
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Operating cash flow
—
$504.08M
$682.16M
$883.64M
$896.35M
$1.94B
$2.18B
$2.38B
$2.51B
Capital expenditures
—
$899.00K
$2.72M
—
—
—
—
—
—
Free cash flow
—
$503.18M
$679.43M
$883.64M
$896.35M
$1.94B
$2.18B
$2.38B
$2.51B
Investing cash flow
—
-$1.14B
-$1.36B
-$4.55B
$41.45M
-$9.30B
-$2.90B
-$922.78M
-$904.77M
Financing cash flow
—
$1.04B
$1.18B
$2.88B
-$514.18M
$6.83B
$1.03B
-$1.46B
-$1.57B
Dividends paid
—
$262.68M
$503.96M
$612.21M
$758.79M
$1.22B
$1.58B
$1.75B
$1.85B
Stock-based compensation
—
$2.34M
$5.22M
$7.39M
$9.37M
$12.99M
$15.54M
$17.51M
$16.20M
Depreciation & amortization
$751.00K
$3.69M
$3.83M
$3.73M
$3.09M
$3.18M
$4.30M
$4.12M
$3.64M
Income statement
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Revenue
$931.87M
$951.48M
$957.00M
$964.67M
$976.05M
$984.20M
$1.00B
$1.01B
$1.01B
$1.02B
$1.06B
$1.07B
Cost of revenue
$8.21M
$6.51M
$6.81M
$6.82M
$6.75M
$6.35M
$6.62M
$6.76M
$6.99M
$6.47M
$7.39M
$6.86M
Gross profit
$923.65M
$944.97M
$950.19M
$957.85M
$969.30M
$977.85M
$994.72M
$1.00B
$1.01B
$1.01B
$1.05B
$1.06B
Interest expense
$205.18M
$204.88M
$205.78M
$207.32M
$208.12M
$209.25M
$213.80M
$210.33M
$210.23M
$209.36M
$209.93M
$214.98M
Pre-tax income
$749.95M
$601.37M
$755.99M
$746.94M
$626.65M
$549.81M
$883.93M
$777.50M
$609.73M
$889.93M
$534.85M
$349.43M
Income tax
-$9.77M
$1.56M
$3.23M
$2.46M
$2.45M
-$2.46M
$5.56M
$3.88M
-$4.56M
$3.97M
-$461.00K
$2.58M
Net income
$747.77M
$590.02M
$741.30M
$732.90M
$614.59M
$543.61M
$865.08M
$762.04M
$604.77M
$872.39M
$526.52M
$342.53M
EPS (basic)
$0.73
$0.57
$0.71
$0.70
$0.58
$0.51
$0.82
$0.71
$0.56
$0.82
$0.48
$0.31
EPS (diluted)
$0.72
$0.57
$0.71
$0.70
$0.58
$0.51
$0.82
$0.71
$0.56
$0.82
$0.48
$0.31
Diluted shares
7.34M
1.04B
1.04B
1.05B
2.78M
1.06B
1.06B
1.07B
1.96M
1.07B
1.09B
1.10B
Gross margin
99.1%
99.3%
99.3%
99.3%
99.3%
99.4%
99.3%
99.3%
99.3%
99.4%
99.3%
99.4%
Net margin
80.2%
62.0%
77.5%
76.0%
63.0%
55.2%
86.4%
75.6%
59.7%
85.7%
49.7%
32.1%
Balance sheet
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Cash & equivalents
$522.57M
$485.32M
$347.16M
$355.67M
$524.62M
$334.32M
$232.98M
$507.50M
$563.48M
$480.21M
$288.06M
$270.32M
Short-term investments
$0
$29.58M
$0
$0
$0
$0
$0
$0
$44.48M
$0
$0
$0
Total assets
$44.06B
$44.16B
$44.51B
$44.92B
$45.37B
$45.53B
$46.05B
$46.54B
$46.72B
$47.09B
$48.27B
$48.06B
Long-term debt
$16.72B
$16.71B
$16.73B
$16.74B
$16.73B
$16.85B
$16.92B
$16.76B
$16.77B
$16.79B
$16.93B
$16.92B
Total debt
$16.72B
$16.71B
$16.73B
$16.74B
$16.73B
$16.85B
$16.92B
$16.76B
$16.77B
$16.79B
$16.93B
$16.92B
Total liabilities
$18.40B
$18.34B
$18.38B
$18.40B
$18.42B
$18.50B
$18.61B
$18.44B
$18.50B
$18.47B
$18.67B
$18.62B
Shareholders' equity
$25.26B
$25.41B
$25.72B
$26.11B
$26.54B
$26.61B
$27.02B
$27.67B
$27.80B
$28.19B
$29.17B
$29.01B
Cash flow
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Operating cash flow
$576.49M
$543.74M
$614.61M
$579.05M
$644.10M
$591.86M
$639.90M
$586.29M
$691.94M
$631.86M
$728.18M
$655.21M
Free cash flow
$576.49M
$543.74M
$614.61M
$579.05M
$644.10M
$591.86M
$639.90M
$586.29M
$691.94M
$631.86M
$728.18M
$655.21M
Investing cash flow
-$954.21M
-$109.16M
-$311.87M
-$241.57M
-$260.18M
-$385.58M
-$329.76M
-$50.12M
-$139.31M
-$222.90M
-$802.93M
-$139.15M
Financing cash flow
$389.35M
-$471.78M
-$441.15M
-$329.29M
-$214.89M
-$396.76M
-$411.65M
-$261.80M
-$496.31M
-$492.08M
-$117.18M
-$533.68M
Dividends paid
$422.08M
$434.81M
$432.81M
$432.69M
$452.67M
$459.03M
$456.89M
$456.81M
$480.74M
$481.43M
$480.87M
$495.24M
Stock-based compensation
$4.02M
$3.79M
$4.58M
$4.60M
$4.54M
$2.90M
$4.44M
$4.42M
$4.44M
$4.12M
$4.61M
$4.89M
Depreciation & amortization
$1.59M
$1.13M
$992.00K
$1.01M
$992.00K
$996.00K
$741.00K
$937.00K
$963.00K
$967.00K
$998.00K
$876.00K
Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.