MLCO
Melco Resorts & Entertainment Limited
NasdaqGSUSDEQUITY
Consumer Cyclical
DELAYED
Strong sell
-58/100
Last price
4.24
▲ 0.01 (0.24%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
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Range —
Vol —
vs
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Open
—
Prev close
4.23
Day high
4.36
Day low
4.24
Volume
1.45M
Market cap
$1.61B
P/E (TTM)
7.19
52W range
4.06 – 9.53
Trailing performance
Returnvs SPY
1W
-7.02%
-9.0%
1M
-18.62%
-19.8%
3M
-19.24%
-23.8%
6M
-23.47%
-41.6%
YTD
-43.99%
-58.2%
1Y
-49.70%
-66.1%
3Y
-57.13%
-139.4%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on MLCO open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
7.45M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| May 8, 26 | CHUNG CLARENCE Y M Director |
STOCK | 328.21K | $0 | Direct |
| May 8, 26 | TAKAHASHI AKIKO Chief Executive Officer |
STOCK | 472.85K | $0 | Direct |
| May 8, 26 | DAVIS GEOFFREY STUART Chief Financial Officer |
STOCK | 1.04M | $0 | Direct |
| May 8, 26 | TSUI YIU WA ALEC Director |
STOCK | 97.77K | $0 | Direct |
| May 8, 26 | KUZDOWICZ AMY LYNN Officer |
STOCK | 111.73K | $0 | Direct |
| May 8, 26 | HO LAWRENCE YAU LUNG Chief Executive Officer |
STOCK | 4.69M | $0 | Direct |
| May 8, 26 | WINKLER EVAN ANDREW President |
STOCK | 4.63M | $0 | Direct |
| May 8, 26 | WINTER GRAHAM PAUL Officer |
STOCK | 336.89K | $0 | Direct |
| May 8, 26 | GALANTE FRANCESCA Director |
STOCK | 97.77K | $0 | Direct |
| May 8, 26 | WANG JOHN PETER BEN Director |
STOCK | 97.77K | $0 | Direct |
| May 8, 26 | WU THOMAS JEFFERSON Director |
STOCK | 97.77K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
CHUNG CLARENCE Y M |
Director | 1.38M | Stock Award(Grant) |
DAVIS GEOFFREY STUART |
Chief Financial Officer | 4.33M | Stock Award(Grant) |
GALANTE FRANCESCA |
Director | 505.66K | Stock Award(Grant) |
HO LAWRENCE YAU LUNG |
Chief Executive Officer | 722.60M | Stock Award(Grant) |
KUZDOWICZ AMY LYNN |
Officer | 329.34K | Stock Award(Grant) |
TAKAHASHI AKIKO |
Chief Executive Officer | 2.71M | Stock Award(Grant) |
TSUI YIU WA ALEC |
Director | 682.86K | Stock Award(Grant) |
WINKLER EVAN ANDREW |
President | 7.08M | Stock Award(Grant) |
WINTER GRAHAM PAUL |
Officer | 908.09K | Stock Award(Grant) |
WU THOMAS JEFFERSON |
Director | 896.34K | Stock Award(Grant) |
Fundamentals
Market cap$1.61B
Enterprise value$8.32B
Revenue (TTM)$5.22B
Gross profit$1.99B
EBITDA$1.24B
Net income$234.81M
EPS (TTM)$0.59
Free cash flow—
Total cash$912.89M
Total debt$7.31B
Book value / share$-4.30
Shares outstanding380.24M
Float139.36M
Short % of float3.56%
Dividend yield0.00%
Beta (5Y)0.48
Valuation & profitability ratios
Trailing P/E7.19
Forward P/E5.90
PEG ratio0.32
Price / sales—
Price / book—
EV / revenue1.59
EV / EBITDA6.69
Gross margin38.19%
Operating margin10.21%
Profit margin4.50%
Return on equity—
Return on assets5.76%
Debt / equity—
Current ratio1.01
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $5.16B | $4.64B | $3.78B | $1.35B | +11.3% |
| Operating revenue | $5.16B | $4.64B | $3.78B | $1.35B | +11.3% |
| Cost of revenue | $3.27B | $2.98B | $2.59B | $1.10B | +9.8% |
| Gross profit | $1.90B | $1.66B | $1.18B | $246.54M | +14.0% |
| Research & development | $7.62M | $5.43M | $1.20M | $0 | +40.2% |
| Selling, general & admin | $657.36M | $568.70M | $488.13M | $423.23M | +15.6% |
| Total operating expense | $1.25B | $1.16B | $1.08B | $974.06M | +7.6% |
| Operating income | $650.99M | $505.48M | $108.95M | -$727.52M | +28.8% |
| Net interest income | -$463.12M | -$478.32M | -$473.46M | -$356.66M | +3.2% |
| Pre-tax income | $148.28M | -$6.35M | -$401.91M | -$1.09B | +2,435.6% |
| Tax provision | $2.83M | $21.61M | $13.42M | $5.24M | -86.9% |
| Net income | $185.04M | $43.54M | -$326.92M | -$930.53M | +325.0% |
| Net income to common | $185.04M | $43.54M | -$326.92M | -$930.53M | +325.0% |
| Basic EPS | 0.47 | 0.10 | -0.63 | -1.61 | +355.9% |
| Diluted EPS | 0.46 | 0.10 | -0.63 | -1.61 | +352.9% |
| EBIT | $613.19M | $480.37M | $90.48M | -$715.21M | +27.6% |
| EBITDA | $1.16B | $1.02B | $633.88M | -$193.27M | +13.2% |
| Basic shares | 397.99M | 432.12M | 438.20M | 456.68M | -7.9% |
| Diluted shares | 400.63M | 433.14M | 438.20M | 456.68M | -7.5% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.02B | $1.15B | $1.31B | $1.81B | — | -10.8% |
| Cash & short-term investments | $1.02B | $1.15B | $1.31B | $1.81B | — | -10.8% |
| Accounts receivable | $126.41M | $144.21M | $91.64M | $55.99M | — | -12.3% |
| Inventory | $36.92M | $32.45M | $29.43M | $26.42M | — | +13.8% |
| Total current assets | $1.27B | $1.43B | $1.54B | $2.07B | — | -11.2% |
| Property, plant & equipment | $5.25B | $5.39B | $5.60B | $5.97B | — | -2.6% |
| Goodwill & intangibles | $839.45M | $937.15M | $969.02M | $796.09M | — | -10.4% |
| Total assets | $7.60B | $7.99B | $8.34B | $9.30B | — | -4.9% |
| Total current liabilities | $1.18B | $1.19B | $1.10B | $1.20B | — | -0.6% |
| Current debt | — | $21.60M | — | $322.50M | $128.00K | — |
| Long-term debt | $6.75B | $7.14B | $7.47B | $8.09B | — | -5.4% |
| Total debt | $7.02B | $7.46B | $7.77B | $8.71B | — | -5.8% |
| Total liabilities | $8.50B | $8.93B | $9.18B | $9.62B | — | -4.8% |
| Retained earnings | -$3.83B | -$4.01B | -$4.06B | -$3.73B | — | +4.6% |
| Shareholder equity | -$1.25B | -$1.33B | -$1.29B | -$850.33M | — | +6.0% |
| Working capital | $84.89M | $238.30M | $440.67M | $876.05M | — | -64.4% |
| Net tangible assets | -$2.09B | -$2.26B | -$2.26B | -$1.65B | — | +7.8% |
| Shares issued | 1.35B | 1.35B | 1.40B | 1.48B | — | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $145.46M | -$27.96M | -$415.33M | -$1.10B | +620.2% |
| Depreciation & amortisation | $543.56M | $541.54M | $543.40M | $521.94M | +0.4% |
| Stock-based compensation | $29.27M | $27.37M | $35.47M | $71.81M | +6.9% |
| Change in working capital | $6.34M | $65.13M | $242.54M | -$132.85M | -90.3% |
| Operating cash flow | $818.12M | $626.66M | $622.69M | -$619.43M | +30.6% |
| Capital expenditure | -$341.98M | -$301.18M | -$263.89M | -$622.09M | -13.5% |
| Investing cash flow | -$341.77M | -$300.81M | -$48.51M | -$806.11M | -13.6% |
| Share buybacks | -$166.01M | -$113.03M | -$170.51M | -$192.47M | -46.9% |
| Dividends paid | -$78.00K | -$344.00K | -$314.00K | -$196.00K | +77.3% |
| Financing cash flow | -$603.12M | -$478.35M | -$1.13B | $1.78B | -26.1% |
| Free cash flow | $476.13M | $325.48M | $358.80M | -$1.24B | +46.3% |
| End cash position | $1.15B | $1.27B | $1.44B | $1.99B | -9.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $1.07B | $1.37B | $1.29B | $1.31B | $1.17B | — | -21.4% |
| Operating revenue | $1.07B | $1.37B | $1.29B | $1.31B | $1.17B | — | -21.4% |
| Cost of revenue | $708.67M | $856.37M | $818.90M | $801.08M | $772.67M | — | -17.2% |
| Gross profit | $364.98M | $510.35M | $474.37M | $508.43M | $397.97M | — | -28.5% |
| Research & development | $1.41M | $1.02M | $1.35M | $996.00K | $1.85M | — | +37.6% |
| Selling, general & admin | $227.64M | $179.62M | $176.91M | $167.00M | $228.04M | — | +26.7% |
| Total operating expense | $291.49M | $331.08M | $327.84M | $316.52M | $289.48M | — | -12.0% |
| Operating income | $73.49M | $179.27M | $146.53M | $191.90M | $108.49M | — | -59.0% |
| Net interest income | -$49.76M | -$112.57M | -$113.12M | -$113.20M | -$77.21M | — | +55.8% |
| Pre-tax income | $31.35M | $78.00M | $31.77M | $62.91M | $17.05M | — | -59.8% |
| Tax provision | — | $7.12M | -$14.53M | $845.00K | $2.97M | $4.61M | — |
| Net income | $29.50M | $76.83M | $60.63M | $74.69M | $14.09M | — | -61.6% |
| Net income to common | $29.50M | $76.83M | $60.63M | $74.69M | $14.09M | — | -61.6% |
| Basic EPS | 0.08 | 0.20 | 0.16 | 0.19 | 0.04 | — | -60.8% |
| Diluted EPS | 0.08 | 0.20 | 0.15 | 0.19 | 0.04 | — | -60.2% |
| EBIT | $106.15M | $189.82M | $146.02M | $176.17M | $95.83M | — | -44.1% |
| EBITDA | $170.00M | $330.88M | $286.93M | $314.47M | $157.27M | — | -48.6% |
| Basic shares | 380.24M | 390.09M | 390.68M | 390.53M | 390.41M | — | -2.5% |
| Diluted shares | 380.24M | 393.47M | 395.07M | 394.71M | 390.41M | — | -3.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $454.26M | $942.37M | $1.02B | $1.48B | $1.12B | — | -51.8% |
| Cash & short-term investments | $454.26M | $942.37M | $1.02B | $1.48B | $1.12B | — | -51.8% |
| Accounts receivable | $107.63M | $138.96M | $126.41M | $100.63M | $129.34M | — | -22.5% |
| Inventory | $19.03M | $36.20M | $36.92M | $35.27M | $32.88M | — | -47.4% |
| Total current assets | $1.03B | $1.20B | $1.27B | $1.72B | $1.39B | — | -13.7% |
| Property, plant & equipment | $2.00B | $5.13B | $5.25B | $5.29B | $5.32B | — | -61.0% |
| Goodwill & intangibles | $361.92M | $819.35M | $839.45M | $849.60M | $854.96M | — | -55.8% |
| Total assets | $6.32B | $7.40B | $7.60B | $8.10B | $7.81B | — | -14.6% |
| Total current liabilities | $1.00B | $1.43B | $1.18B | $1.58B | $1.20B | — | -29.8% |
| Current debt | $14.51M | $348.74M | — | $457.75M | $51.30M | $21.61M | -95.8% |
| Long-term debt | $5.07B | $6.32B | $6.75B | $6.89B | $7.11B | — | -19.8% |
| Total debt | $5.10B | $6.94B | $7.02B | $7.63B | $7.46B | — | -26.6% |
| Total liabilities | $6.31B | $8.29B | $8.50B | $9.06B | $8.89B | — | -23.9% |
| Retained earnings | -$1.89B | -$3.75B | -$3.83B | -$3.89B | -$3.96B | — | +49.6% |
| Shareholder equity | $8.77M | -$1.22B | -$1.25B | -$1.31B | -$1.43B | — | +100.7% |
| Working capital | $28.40M | -$233.65M | $84.89M | $132.16M | $190.58M | — | +112.2% |
| Net tangible assets | -$353.14M | -$2.04B | -$2.09B | -$2.16B | -$2.28B | — | +82.7% |
| Shares issued | 1.14B | 1.35B | 1.35B | 1.35B | 1.35B | — | -15.6% |
| Line item | 2026-06-30 | 2025-06-30 | YoY |
|---|---|---|---|
| Operating cash flow | $60.95M | $136.42M | -55.3% |
| Capital expenditure | -$59.05M | -$53.33M | -10.7% |
| Investing cash flow | -$427.04M | -$53.25M | -702.0% |
| Dividends paid | -$44.85M | -$20.04M | -123.8% |
| Financing cash flow | $320.29M | -$21.42M | +1,595.3% |
| Free cash flow | $1.90M | $83.08M | -97.7% |
| End cash position | $578.32M | $697.64M | -17.1% |
Options analytics
Put / call volume
2.65
Put-heavy session
Put / call open interest
0.00
Positioning, not flow
Max pain
1.00
-76.4% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
-12.5%
Calls bid over puts
Call volume
23
Contracts, this expiry
Put volume
61
Contracts, this expiry
Heaviest call OI
8.00
180 contracts
Heaviest put OI
3.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.08 | 0.06 | -25.0% |
| Mar 2026 | 0.09 | 0.21 | +128.9% |
| Dec 2025 | 0.07 | 0.14 | +98.6% |
| Sep 2025 | 0.09 | 0.21 | +135.6% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.11 | 2 | $1.30B | -0.5% |
| Next quarter | 0.09 | 2 | $1.35B | +4.6% |
| Current year | 0.43 | 5 | $5.26B | +1.9% |
| Next year | 0.72 | 4 | $5.49B | +4.4% |
Analyst targets & ownership
Mean target$7.06
High target$9.40
Low target$5.30
Implied upside66.55%
Analyst count13
ConsensusNONE
Strong buy / Buy2 / 7
Hold4
Sell / Strong sell0 / 0
Held by insiders1.96%
Held by institutions29.80%
Institutions holding234
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
4.46
-5.00% from price
SMA 20
4.63
-8.40% from price
SMA 50
5.12
-17.12% from price
SMA 100
5.29
-19.90% from price
SMA 200
5.69
-25.54% from price
EMA 12
4.46
-4.91% from price
EMA 26
4.70
-9.86% from price
EMA 50
4.95
-14.36% from price
RSI (14)
29.0
Oversold
MACD (12,26,9)
-0.24
Hist -0.03
ATR (14)
0.17
3.99% of price
Realised vol 30D
38.1%
Annualised
Bollinger upper
5.15
20, 2σ
Bollinger lower
4.11
20, 2σ
50 / 200 cross
Death
5.12 vs 5.69
Trend bias
Below 200
-25.54%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.67
Less volatile than market
Correlation to SPY
0.22
Largely independent
Realised vol 30D
38.1%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-55.9%
Peak to trough
Max drawdown 5Y
-71.2%
Peak to trough
ATR 14
0.17
3.99% of price
Beta (reported)
0.48
5Y monthly, from filing
Short interest
Shares short
4.93M
Prior 4.43M
Change vs prior
+11.4%
Shorts adding
% of float
3.56%
Normal
% of shares out
1.30%
Against total outstanding
Days to cover
3.0
Liquid
Float
139.36M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 14, 26 | Susquehanna | MAINTAINED | Positive | Positive |
| Aug 12, 26 | Susquehanna | MAINTAINED | Positive | Positive |
| Jul 16, 26 | JP Morgan | MAINTAINED | Neutral | Neutral |
| Jul 10, 26 | CLSA | UPGRADE | Hold | Outperform |
| Jul 10, 26 | Citigroup | MAINTAINED | Buy | Buy |
| Jun 22, 26 | Morgan Stanley | DOWNGRADE | Overweight | Equal-Weight |
| Jun 5, 26 | CLSA | DOWNGRADE | Outperform | Hold |
| Jan 16, 26 | JP Morgan | DOWNGRADE | Overweight | Neutral |
| Nov 10, 25 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Sep 3, 25 | CLSA | UPGRADE | Hold | Outperform |
| Aug 1, 25 | Citigroup | MAINTAINED | Buy | Buy |
| Aug 1, 25 | Susquehanna | MAINTAINED | Positive | Positive |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield1.83%
Payout ratio0.00%
Ex-dividend dateFeb 28, 2020
Next pay dateMar 12, 2020
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
6-K · 2026-09-23
Corporate Changes & Voting Matters
6-K · 2026-08-28
Corporate Changes & Voting Matters
6-K · 2026-08-24
Corporate Changes & Voting Matters
6-K · 2026-08-14
Corporate Changes & Voting Matters
6-K · 2026-08-07
Corporate Changes & Voting Matters
6-K · 2026-06-09
Corporate Changes & Voting Matters
6-K · 2026-05-29
Corporate Changes & Voting Matters
6-K · 2026-05-04
Headlines
Will Morpheus’s Three MICHELIN Keys Elevate Melco Resorts & Entertainment's (MLCO) Premium Mass Narrative?
Simply Wall St. · 13d ago
Melco’s Morpheus becomes Macau’s first hotel to receive Three MICHELIN Keys
GlobeNewswire · 14d ago
The More Life Company Corp. Announces New U.S. Trading Symbol
Business Wire · 48d ago
Melco Resorts And Entertainment (MLCO) Stock Sees Fair Value Cut On Lower Margin Outlook
Simply Wall St. · 50d ago
Melco Resorts & Entertainment (MLCO) On Earnings Pressure And Delayed Dividends The Stock Looks Undervalued
Simply Wall St. · 50d ago
How Melco’s Rising Leverage, Deferred Dividends and Premium Pivot Will Impact Melco Resorts (MLCO) Investors
Simply Wall St. · 50d ago
Melco (MLCO) Stock Still Looks Like A Bargain On Earnings
Simply Wall St. · 50d ago
Melco Resorts and Entertainment Ltd (MLCO) (Q2 2026) Earnings Call Highlights: Navigating ...
GuruFocus.com · 51d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.