STUDIO CITY INTERNATIONAL HOLDINGS Ltd financial statements
Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data STUDIO CITY INTERNATIONAL HOLDINGS Ltd files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2016
FY2018
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
425
540
571
627
49.2
107
11.5
446
639
695
Selling, general and administrative
135
130
133
129
89
87.6
79.8
115
171
183
Operating income
-54.8
80.5
138
178
-280
-192
-277
-29
38.1
70
Interest expense
159
160
161
132
105
91
92.4
130
134
126
Interest income
1.15
2.17
3.58
5.86
1.28
3.06
6.43
10.7
4.06
0.91
Other non-operating income
1.16
0.57
-0.2
0.43
-0.08
0
0.25
-0.07
0
0
Income tax
0.47
-0.24
0.54
0.4
-1.01
-0.46
0.38
-0.08
7.35
7.61
Net income
-243
-76.4
-21.6
33.6
-322
-253
-326
-134
-96.7
-58.8
EBITDA
117
257
306
350
-120
-63.9
-150
140
243
282
EPS, basic
-1.34
-0.42
-0.11
0.14
-1.09
EPS, diluted
-1.34
-0.42
-0.11
0.14
-1.10
Shares, basic (weighted)
181
181
192
242
295
Shares, diluted (weighted)
181
181
192
242
367
Balance sheet
FY2016
FY2018
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
371
348
346
299
575
499
510
228
128
109
Receivables
2.35
1.71
1.4
0.16
0.25
0.26
2.28
1.98
1.89
Inventory
10.1
9.9
9.76
9.3
5.83
5.12
5.76
7.31
8.73
Other current assets
17.9
27.7
14.2
12.5
4.05
2.92
3.57
3.27
4.32
Total current assets
461
459
414
608
564
554
316
166
131
Property, plant and equipment
2,280
2,176
2,107
2,181
2,556
2,868
2,776
2,652
2,485
Lease right-of-use assets
0
14.2
17.4
14.6
13.1
11.6
11.6
11.6
Intangible assets
0
4.01
2.78
1.37
0.01
0
Other non-current assets
35.9
26.1
19.5
12.5
12
36.1
55.1
Total assets
2,928
2,802
2,712
3,044
3,319
3,594
3,237
2,985
2,796
Accounts payable
2.72
6.42
3.34
0.21
0.21
0.5
2.45
3.29
6.4
Short-term debt
0
348
0
0
21.6
0
Total current liabilities
178
439
100
162
255
247
157
181
180
Long-term debt
1,999
1,262
1,435
1,585
2,087
2,434
2,335
2,142
2,025
Lease liabilities
0
13.7
17.1
14.8
13.5
12.3
12.2
12.1
Other non-current liabilities
9.51
4.02
3.15
11.8
17.8
21.6
3.21
4.12
6.29
Total liabilities
2,188
1,706
1,554
1,776
2,375
2,717
2,508
2,339
2,223
Total debt
1,999
1,610
1,435
1,585
2,087
2,434
2,335
2,163
2,025
Paid-in capital
1,513
1,656
1,656
2,134
2,134
2,477
2,477
2,477
2,477
Retained earnings
-773
-798
-765
-1,086
-1,339
-1,665
-1,799
-1,895
-1,954
Other comprehensive income
0.49
-14.1
0.27
11.9
-6.14
-11.7
-12.7
8.7
0.62
Shareholders' equity
740
843
891
1,060
789
801
666
591
524
Total equity
740
843
891
1,060
789
801
666
591
524
Total liabilities and equity
2,928
2,549
2,445
2,836
3,164
3,518
3,174
2,930
2,747
Cash flow statement
FY2016
FY2018
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-243
-76.4
-20.7
43.6
-405
-302
-361
-146
-106
-64.3
Depreciation and amortization
172
176
168
172
160
128
127
169
205
212
Stock-based compensation
0.79
0.44
0.36
Deferred income tax
-0.24
0.46
0.4
-1.01
Change in receivables
2.84
0.44
0.24
0.32
1.24
-0.09
-0.02
-2.03
0.32
0.09
Cash from operations
14.6
68.3
140
229
-167
-137
-179
-18.9
190
210
Cash from investing
-107
-55.3
-148
-90.9
-210
-407
-453
-162
-108
-85.1
Debt issued
0
0
383
1,000
758
350
0
0
170
Debt repaid
-95.6
0
-400
-558
-850
-253
0
-100
-175
-313
Dividends paid
0
0
0
0
0
0
0
0
0
0
Cash from financing
-123
-1.29
5.15
-190
624
472
643
-101
-183
-143
Exchange rate effect
0
0
-2.52
2.06
1.53
-3.37
-0.71
-0.15
1.42
-0.29
Net change in cash
-215
11.7
-5.36
-50.3
248
-75.9
10.2
-281
-100
-18.2
Income taxes paid
0
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $0.88 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
10.1%
Operating income / revenue.
EBITDA margin
40.6%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
-8.5%
Net income / revenue.
Operating cash flow margin
30.3%
Cash from operations / revenue.
Return on equity (ROE)
-10.5%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-2.0%
Net income / average total assets.
Return on invested capital (ROIC)
2.2%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue
26.4%
Selling, general and administrative expense / revenue.
D&A / revenue
30.5%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
8.7%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
291.8%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
69.8%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y
83.6%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
16.0%
EBITDA vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
10.8%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-11.3%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-13.2%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y
-13.1%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
-6.3%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-8.0%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
-1.7%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.73x
Current assets / current liabilities.
Quick ratio
0.62x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.61x
(Cash + short-term investments) / current liabilities.
Debt / equity
3.86x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
72.4%
Total debt / total assets.
Liabilities / assets
79.5%
Total liabilities / total assets.
Net debt
$1.92B
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
6.79x
Net debt / EBITDA (twelve months), when EBITDA is positive.
Market cap + total debt - cash - short-term investments.
P/S
0.27x
Market cap / revenue.
P/B
0.35x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.35x
Market cap / tangible book value, when positive.
P/OCF
0.88x
Market cap / cash from operations, when positive.
EV/Sales
3.02x
Enterprise value / revenue.
EV/EBIT
30.0x
Enterprise value / operating income, when both are positive.
EV/EBITDA
7.45x
Enterprise value / EBITDA, when both are positive.
Earnings yield
-31.7%
Net income / market cap (the inverse of P/E).
Dividend yield
0.0%
Dividends paid over the period / market cap.
Shareholder yield
0.0%
(Dividends paid + share buybacks) / market cap.
What was STUDIO CITY INTERNATIONAL HOLDINGS Ltd's revenue in fiscal 2025?
STUDIO CITY INTERNATIONAL HOLDINGS Ltd reported revenue of $694.6M for fiscal 2025, 8.7% higher than the year before.
Was STUDIO CITY INTERNATIONAL HOLDINGS Ltd profitable in fiscal 2025?
No. It reported a net loss of $58.8M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.