Full House Resorts (FLL)
Market Price (2/1/2026): $2.34 | Market Cap: $84.5 MilSector: Consumer Discretionary | Industry: Casinos & Gaming
Full House Resorts (FLL)
Market Price (2/1/2026): $2.34Market Cap: $84.5 MilSector: Consumer DiscretionaryIndustry: Casinos & Gaming
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -28% | Weak multi-year price returns2Y Excs Rtn is -94%, 3Y Excs Rtn is -148% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 598% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Regional Casino Gaming, and Localized Hospitality Services. | Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.2% | |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -52% | ||
| Key risksFLL key risks include [1] a high debt load creating significant bankruptcy risk and [2] the operational underperformance and slower-than-expected ramp-up of new growth projects. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -28% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Regional Casino Gaming, and Localized Hospitality Services. |
| Weak multi-year price returns2Y Excs Rtn is -94%, 3Y Excs Rtn is -148% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 598% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.2% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -52% |
| Key risksFLL key risks include [1] a high debt load creating significant bankruptcy risk and [2] the operational underperformance and slower-than-expected ramp-up of new growth projects. |
Qualitative Assessment
AI Analysis | Feedback
Full House Resorts (FLL) stock has lost about 5% since 10/31/2025 because of the following key factors:
1. Q3 2025 Earnings Per Share Miss: Full House Resorts reported Q3 2025 earnings on November 6, 2025, with an Earnings Per Share (EPS) of -$0.21, which slightly missed the consensus estimate of -$0.20. While the company's revenue of $77.95 million exceeded analysts' expectations, the slight miss on EPS may have contributed to investor caution.
2. Analyst Downgrades and Price Target Reductions: In November 2025, CBRE downgraded Full House Resorts' stock from "Buy" to "Hold" and reduced its price target to $3, indicating diminished analyst conviction. Additionally, a November 18, 2025, report highlighted a 16.00% decrease in Full House Resorts' price target to $4.28. Such downgrades and target cuts by analysts can negatively impact investor sentiment and stock valuation.
Show more
1. Q3 2025 Earnings Per Share Miss: Full House Resorts reported Q3 2025 earnings on November 6, 2025, with an Earnings Per Share (EPS) of -$0.21, which slightly missed the consensus estimate of -$0.20. While the company's revenue of $77.95 million exceeded analysts' expectations, the slight miss on EPS may have contributed to investor caution.
2. Analyst Downgrades and Price Target Reductions: In November 2025, CBRE downgraded Full House Resorts' stock from "Buy" to "Hold" and reduced its price target to $3, indicating diminished analyst conviction. Additionally, a November 18, 2025, report highlighted a 16.00% decrease in Full House Resorts' price target to $4.28. Such downgrades and target cuts by analysts can negatively impact investor sentiment and stock valuation.
Show more
Stock Movement Drivers
Fundamental Drivers
The -5.3% change in FLL stock from 10/31/2025 to 1/31/2026 was primarily driven by a -5.9% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 1312026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.45 | 2.32 | -5.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 298 | 300 | 0.8% |
| P/S Multiple | 0.3 | 0.3 | -5.9% |
| Shares Outstanding (Mil) | 36 | 36 | -0.2% |
| Cumulative Contribution | -5.3% |
Market Drivers
10/31/2025 to 1/31/2026| Return | Correlation | |
|---|---|---|
| FLL | -5.3% | |
| Market (SPY) | 1.5% | 9.9% |
| Sector (XLY) | 1.0% | 20.1% |
Fundamental Drivers
The -49.3% change in FLL stock from 7/31/2025 to 1/31/2026 was primarily driven by a -49.4% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 1312026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.58 | 2.32 | -49.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 297 | 300 | 0.9% |
| P/S Multiple | 0.6 | 0.3 | -49.4% |
| Shares Outstanding (Mil) | 36 | 36 | -0.8% |
| Cumulative Contribution | -49.3% |
Market Drivers
7/31/2025 to 1/31/2026| Return | Correlation | |
|---|---|---|
| FLL | -49.3% | |
| Market (SPY) | 9.8% | 19.0% |
| Sector (XLY) | 9.6% | 23.8% |
Fundamental Drivers
The -56.8% change in FLL stock from 1/31/2025 to 1/31/2026 was primarily driven by a -58.4% change in the company's P/S Multiple.| (LTM values as of) | 1312025 | 1312026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.37 | 2.32 | -56.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 279 | 300 | 7.4% |
| P/S Multiple | 0.7 | 0.3 | -58.4% |
| Shares Outstanding (Mil) | 35 | 36 | -3.2% |
| Cumulative Contribution | -56.8% |
Market Drivers
1/31/2025 to 1/31/2026| Return | Correlation | |
|---|---|---|
| FLL | -56.8% | |
| Market (SPY) | 16.0% | 40.1% |
| Sector (XLY) | 5.1% | 41.7% |
Fundamental Drivers
The -73.7% change in FLL stock from 1/31/2023 to 1/31/2026 was primarily driven by a -84.3% change in the company's P/S Multiple.| (LTM values as of) | 1312023 | 1312026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.82 | 2.32 | -73.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 170 | 300 | 75.9% |
| P/S Multiple | 1.8 | 0.3 | -84.3% |
| Shares Outstanding (Mil) | 34 | 36 | -4.8% |
| Cumulative Contribution | -73.7% |
Market Drivers
1/31/2023 to 1/31/2026| Return | Correlation | |
|---|---|---|
| FLL | -73.7% | |
| Market (SPY) | 76.6% | 37.3% |
| Sector (XLY) | 66.9% | 36.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FLL Return | 208% | -38% | -29% | -24% | -36% | -8% | -39% |
| Peers Return | 7% | -2% | 15% | 17% | 8% | -12% | 34% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 2% | 86% |
Monthly Win Rates [3] | |||||||
| FLL Win Rate | 67% | 42% | 42% | 42% | 33% | 0% | |
| Peers Win Rate | 45% | 38% | 52% | 57% | 63% | 0% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| FLL Max Drawdown | -6% | -57% | -52% | -27% | -44% | -8% | |
| Peers Max Drawdown | -20% | -29% | -6% | -15% | -25% | -13% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CHDN, BYD, MCRI, LVS, FLUT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/30/2026 (YTD)
How Low Can It Go
| Event | FLL | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -70.9% | -25.4% |
| % Gain to Breakeven | 244.0% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -85.4% | -33.9% |
| % Gain to Breakeven | 583.8% | 51.3% |
| Time to Breakeven | 236 days | 148 days |
| 2018 Correction | ||
| % Loss | -60.0% | -19.8% |
| % Gain to Breakeven | 150.3% | 24.7% |
| Time to Breakeven | 569 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -78.8% | -56.8% |
| % Gain to Breakeven | 372.2% | 131.3% |
| Time to Breakeven | 687 days | 1,480 days |
Compare to CHDN, BYD, MCRI, LVS, FLUT
In The Past
Full House Resorts's stock fell -70.9% during the 2022 Inflation Shock from a high on 12/27/2021. A -70.9% loss requires a 244.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Full House Resorts (FLL)
Full House Resorts, Inc. owns, develops, invests in, operates, manages, and leases casinos, and related hospitality and entertainment facilities in the United States. The company owns and operates the Silver Slipper Casino and Hotel in Hancock County, Mississippi, which has 757 slot machines and 24 table games, a surface parking lot, and a 129 hotel rooms; an on-site sportsbook, a fine-dining restaurant, a buffet, and a quick-service restaurant, as well as an oyster bar, a casino bar, and a beachfront bar; and 37-space beachfront RV park. It also owns and operates the Bronco Billy's Casino and Hotel in Cripple Creek, Colorado that has gaming space and 14 hotel rooms, as well as a steakhouse and a casual dining outlet. In addition, the company owns and operates the Rising Star Casino Resort in Rising Sun, Indiana, which has 642 slot machines and 16 table games; a land-based pavilion with approximately 31,500 square feet of meeting and convention space; a contiguous 190-guest-room hotel and an adjacent leased 104-guest-room hotel; a 56-space RV park; surface parking; an 18-hole golf course on approximately 230 acres; and four dining outlets. Further, it owns and operates the Stockman's Casino that is located in Fallon, Nevada, which has 186 slot machines, a bar, a fine-dining restaurant, and a coffee shop; and the Grand Lodge Casino that has 269 slot machines and 9 table games, which is integrated into the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada. Full House Resorts, Inc. was incorporated in 1987 and is headquartered in Las Vegas, Nevada.
AI Analysis | Feedback
Here are 1-3 brief analogies to describe Full House Resorts (FLL):
- It's like a **regional, smaller-scale version of Caesars Entertainment or MGM Resorts.**
- Think of it as a **collection of independent, locally-focused casinos** under one umbrella, rather than a chain of mega-resorts like those operated by Wynn or Las Vegas Sands.
AI Analysis | Feedback
```html- Casino Gaming: Provides a variety of gambling opportunities, including slot machines and table games, as an entertainment and recreation service.
- Lodging: Offers hotel rooms and suites for overnight stays as a hospitality service.
- Food and Beverage: Operates restaurants, bars, and lounges on its properties as a hospitality and dining service.
- Entertainment: Hosts live shows, concerts, and other leisure activities as an entertainment service.
- Meetings & Events: Provides venues and services for conferences, banquets, and special occasions as an event hosting and hospitality service.
AI Analysis | Feedback
Full House Resorts (FLL)
Full House Resorts (FLL) sells primarily to individuals rather than other companies. Its major customer categories include:
- Gaming Enthusiasts and Leisure Travelers: Individuals visiting Full House Resorts' properties for casino gaming, hotel stays, dining, and entertainment as part of a vacation or leisure trip. This category includes both tourists and regional visitors seeking a comprehensive resort experience.
- Local Patrons: Residents living near the company's various properties who frequent the casinos and amenities for regular entertainment, dining, and gaming activities, often on a day-trip basis without overnight stays.
- Conference and Event Attendees: Individuals participating in corporate meetings, conventions, special events, or group gatherings hosted at Full House Resorts' venues, utilizing their event spaces, accommodation, and hospitality services.
AI Analysis | Feedback
- International Game Technology PLC (Symbol: IGT)
- Light & Wonder, Inc. (Symbol: LNW)
- Everi Holdings Inc. (Symbol: EVRI)
- Aristocrat Leisure Limited (Symbol: ALL)
AI Analysis | Feedback
Here is the management team for Full House Resorts (symbol: FLL):AI Analysis | Feedback
The key risks to Full House Resorts' business are as follows:- High Leverage and Financial Instability: Full House Resorts carries a significant level of debt, reflected in a high leverage ratio (e.g., 9.9x) and an Altman Z-score in the "Distress Zone" (e.g., 0.31), which indicates a possibility of bankruptcy within two years. This financial burden can limit the company's flexibility to invest in growth opportunities, manage revenue downturns, and increases vulnerability to interest rate fluctuations.
- Operational Challenges and Project Underperformance: The company faces risks related to the slower-than-expected ramp-up and underperformance of new properties, such as the Chamonix Casino Hotel. This has led to downward revisions in EBITDA estimates, significantly impacting near-term financial performance and overall stability. There is no assurance that growth projects will be successful or meet consumer demand expectations.
- Intense Industry Competition and Regulatory Risks: The gaming and hospitality industry is highly competitive, with Full House Resorts competing against numerous other casinos, hotels, and entertainment venues. Increased competition could lead to reduced revenues and profitability. Additionally, the gaming industry is heavily regulated, and changes in regulations could significantly impact operations and financial results.
AI Analysis | Feedback
The continued and expanding legalization and adoption of online gaming (iGaming and sports betting) poses a clear emerging threat. While Full House Resorts has made inroads into online sports betting through partnerships in certain markets, the proliferation of online casino games and sports wagering provides a direct alternative to visiting their physical casino properties. This trend could increasingly cannibalize revenue and customer traffic from their land-based operations, shifting consumer preferences towards more convenient digital platforms rather than physical visits, a dynamic acknowledged by the company itself in its public filings as a potential adverse effect on its business.
AI Analysis | Feedback
Full House Resorts (FLL) operates primarily in the casino gaming and hospitality sector across several U.S. states. The addressable markets for their main products and services, specifically casino gaming, are as follows:
- United States: The U.S. casino gaming market size is estimated to grow by USD 9.5 billion, accelerating at a CAGR of 3.22% between 2023 and 2028. Commercial gaming revenue in the U.S. reached a record $66.5 billion in 2023. The global casino market size was valued at USD 308.52 billion in 2024 and is projected to grow to USD 542.41 billion by 2033, with North America dominating the market.
- Illinois: Illinois' 17 land-based casinos generated over $167.5 million in gross gaming revenue in July 2025. In 2024, Illinois was home to 16 licensed casinos and generated over $1.76 billion in combined gaming tax revenues from casinos, video gaming, and sports wagering. The greater Chicagoland market, which includes northwest Indiana casinos, had estimated current casino revenues of $1.8 billion, with a saturation potential between $3.8 billion and $5.7 billion.
- Mississippi: Mississippi's 26 commercial casinos generated $215.5 million in revenue in August 2025. The Coastal region of Mississippi, where Full House Resorts has a property, consistently leads in revenue, with $142.3 million in August 2025.
- Indiana: Total statewide commercial casino gaming revenue in Indiana was $2.94 billion in 2024. For the 12-month period ending July 2025, commercial casinos in Indiana generated $3 billion in adjusted gross receipts. In August 2025, casino revenue in Indiana increased to $204.2 million.
- Nevada: Total statewide commercial casino gaming revenue in Nevada reached a record $15.61 billion in 2024. Clark County casinos, including the Las Vegas Strip, accounted for a significant portion of this, with the Las Vegas Strip reporting $8.62 billion in total gaming revenue in 2024. In January 2025, Nevada's casinos generated $1.44 billion in gaming win.
- Colorado: Colorado's land-based gaming market generated record adjusted gross proceeds of $1.11 billion during the 2025 fiscal year. In August 2025, Colorado's three gaming regions (Black Hawk, Central City, and Cripple Creek) generated $103.8 million in revenue. Cripple Creek, where Full House Resorts operates, recorded $18.1 million in August 2025.
AI Analysis | Feedback
Here are the 3-5 expected drivers of future revenue growth for Full House Resorts (FLL) over the next 2-3 years:1. Continued Ramp-Up and Development of American Place: Full House Resorts anticipates significant revenue growth from its American Place property in Illinois. The temporary American Place Casino has been performing strongly, achieving record revenue and profitability, with revenues increasing by 14% to $32 million in the third quarter of 2025. The company has also noted a consistent pace of new customer sign-ups, growing its database to over 115,000 people. Looking ahead, the much larger permanent American Place facility is projected to significantly increase revenue, with management expressing high conviction that the permanent facility could generate $100 million in EBITDA annually, double the potential run rate of the temporary casino. The project for the permanent facility has received unanimous site approval from the Waukegan City Council, and its budget has been refined.
2. Operational Improvements and Maturation of Chamonix Casino Hotel: The Chamonix Casino Hotel in Cripple Creek, Colorado, is another key driver as it continues through its ramp-up phase. The property demonstrated notable improvement, with revenues increasing by more than 7% and adjusted property EBITDA rising to a positive $2.1 million in the third quarter of 2025, up from a negative $0.7 million in the prior year. Particularly strong growth was seen in table game revenues, which increased by 53% year-over-year and 296% compared to the third quarter of 2023, driven by a focus on higher-tier players. Slot revenues also saw increases of 6% and 161% over the same periods.
3. Enhanced Performance and Operational Improvements at Silver Slipper Casino and Hotel: Full House Resorts expects growth from operational improvements at its Silver Slipper Casino and Hotel in Mississippi. The company's first-quarter 2025 results for the Midwest & South segment, which includes Silver Slipper, reflected operational improvements at this property. Management has also indicated a focus on increasing Silver Slipper's performance, with aspirations to grow its EBITDA.
4. Focus on Efficiency and Customer Base Expansion Across Properties: Beyond specific property developments, Full House Resorts is concentrating on company-wide cost reductions, efficiency improvements, and expanding its customer base and market reach. These strategic measures, including implemented cost-cutting initiatives, are aimed at enhancing overall profitability and can indirectly contribute to revenue growth by improving competitiveness and reinvestment capabilities across its portfolio.
AI Analysis | Feedback
Share Issuance
- Full House Resorts experienced a notable increase in its outstanding shares, with a 26.25% rise in 2021, from 27.11 million to 34.23 million shares.
- The number of shares outstanding continued to increase in subsequent years, reaching 34.4 million in 2022, 34.58 million in 2023, 35.6 million in 2024, and 36.055 million by October 2025.
Capital Expenditures
- The company invested approximately $250 million in the construction of the Chamonix Casino Hotel in Cripple Creek, Colorado, which became fully operational in late December 2023.
- Capital expenditures in 2021 amounted to $37.2 million, primarily allocated to the construction of Chamonix, real estate acquisitions in Cripple Creek, and repairs at Silver Slipper due to hurricane damage.
- Full House Resorts is developing the permanent American Place facility in Waukegan, Illinois, with a reduced budget of $302 million (excluding capitalized interest), and expects to commence construction as early as the second half of 2025, targeting financing by Q1 2026. The temporary American Place facility opened in February 2023.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Full House Resorts Earnings Notes | 12/16/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 88.03 |
| Mkt Cap | 6.9 |
| Rev LTM | 3,478 |
| Op Inc LTM | 650 |
| FCF LTM | 339 |
| FCF 3Y Avg | 124 |
| CFO LTM | 884 |
| CFO 3Y Avg | 722 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.7% |
| Rev Chg 3Y Avg | 20.2% |
| Rev Chg Q | 6.6% |
| QoQ Delta Rev Chg LTM | 1.5% |
| Op Mgn LTM | 21.0% |
| Op Mgn 3Y Avg | 21.3% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 23.0% |
| CFO/Rev 3Y Avg | 25.4% |
| FCF/Rev LTM | 9.5% |
| FCF/Rev 3Y Avg | 13.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 6.9 |
| P/S | 2.1 |
| P/EBIT | 10.4 |
| P/E | 10.4 |
| P/CFO | 9.4 |
| Total Yield | 6.0% |
| Dividend Yield | 0.1% |
| FCF Yield 3Y Avg | 3.5% |
| D/E | 0.4 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -12.3% |
| 3M Rtn | -2.9% |
| 6M Rtn | -8.2% |
| 12M Rtn | -5.7% |
| 3Y Rtn | 1.5% |
| 1M Excs Rtn | -13.1% |
| 3M Excs Rtn | -6.0% |
| 6M Excs Rtn | -18.6% |
| 12M Excs Rtn | -21.4% |
| 3Y Excs Rtn | -69.3% |
Price Behavior
Price Behavior
| Market Price | $2.32 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 08/17/1993 | |
| Distance from 52W High | -57.4% | |
| 50 Days | 200 Days | |
| DMA Price | $2.63 | $3.23 |
| DMA Trend | down | indeterminate |
| Distance from DMA | -11.8% | -28.1% |
| 3M | 1YR | |
| Volatility | 51.8% | 59.6% |
| Downside Capture | 64.44 | 174.93 |
| Upside Capture | 26.97 | 62.04 |
| Correlation (SPY) | 9.4% | 39.8% |
FLL Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.47 | 0.28 | 0.45 | 0.88 | 1.23 | 1.36 |
| Up Beta | 3.01 | 0.62 | 1.83 | 1.52 | 1.10 | 1.24 |
| Down Beta | 1.88 | -0.12 | -0.35 | 0.19 | 1.53 | 1.47 |
| Up Capture | -63% | -47% | 25% | -10% | 44% | 85% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 6 | 16 | 28 | 48 | 103 | 337 |
| Down Capture | 224% | 142% | 66% | 187% | 132% | 111% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 12 | 23 | 30 | 72 | 138 | 381 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FLL | |
|---|---|---|---|---|
| FLL | -57.3% | 59.4% | -1.21 | - |
| Sector ETF (XLY) | 5.7% | 24.2% | 0.17 | 42.5% |
| Equity (SPY) | 16.1% | 19.2% | 0.65 | 40.6% |
| Gold (GLD) | 76.5% | 23.4% | 2.38 | 3.3% |
| Commodities (DBC) | 11.1% | 15.9% | 0.48 | 24.0% |
| Real Estate (VNQ) | 5.3% | 16.5% | 0.14 | 35.9% |
| Bitcoin (BTCUSD) | -18.9% | 39.9% | -0.43 | 20.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FLL | |
|---|---|---|---|---|
| FLL | -18.1% | 60.7% | -0.08 | - |
| Sector ETF (XLY) | 8.1% | 23.8% | 0.30 | 41.6% |
| Equity (SPY) | 14.0% | 17.1% | 0.65 | 40.7% |
| Gold (GLD) | 20.8% | 16.5% | 1.03 | 4.9% |
| Commodities (DBC) | 12.2% | 18.8% | 0.53 | 12.3% |
| Real Estate (VNQ) | 4.8% | 18.8% | 0.16 | 37.1% |
| Bitcoin (BTCUSD) | 21.1% | 57.5% | 0.56 | 22.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FLL | |
|---|---|---|---|---|
| FLL | 4.9% | 63.0% | 0.35 | - |
| Sector ETF (XLY) | 13.9% | 21.9% | 0.58 | 40.3% |
| Equity (SPY) | 15.6% | 17.9% | 0.75 | 39.2% |
| Gold (GLD) | 15.6% | 15.3% | 0.85 | 3.4% |
| Commodities (DBC) | 8.5% | 17.6% | 0.40 | 18.7% |
| Real Estate (VNQ) | 5.9% | 20.8% | 0.25 | 37.4% |
| Bitcoin (BTCUSD) | 71.5% | 66.4% | 1.11 | 16.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/6/2025 | 9.6% | 8.4% | 12.6% |
| 8/7/2025 | -18.0% | -18.2% | -24.3% |
| 3/6/2025 | 2.9% | 0.2% | -19.8% |
| 11/6/2024 | -8.1% | -9.6% | -15.5% |
| 8/6/2024 | -3.3% | -0.8% | -2.3% |
| 3/5/2024 | 5.1% | 0.8% | 8.2% |
| 11/8/2023 | 18.7% | 27.9% | 28.9% |
| 8/8/2023 | -17.2% | -15.9% | -25.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 10 | 12 |
| # Negative | 10 | 10 | 8 |
| Median Positive | 9.2% | 7.6% | 10.6% |
| Median Negative | -9.9% | -9.5% | -22.0% |
| Max Positive | 19.1% | 37.6% | 63.1% |
| Max Negative | -38.3% | -69.7% | -32.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/11/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/15/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/16/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 03/15/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Green, Eric J | Direct | Buy | 8142025 | 3.54 | 10,000 | 35,368 | 827,466 | Form | |
| 2 | Lee, Daniel R | Chief Executive Officer | Direct | Buy | 6172025 | 4.75 | 92,100 | 437,475 | 5,114,410 | Form |
| 3 | Lee, Daniel R | Chief Executive Officer | subtrust | Buy | 6172025 | 4.75 | 184,200 | 874,950 | 1,506,439 | Form |
| 4 | Green, Eric J | Direct | Buy | 5132025 | 3.40 | 25,000 | 85,028 | 692,202 | Form | |
| 5 | Fanger, Lewis A | Sr. VP, CFO and Treasurer | Direct | Sell | 1282025 | 4.62 | 104,992 | 485,546 | 1,177,691 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.