GET DAILY SIGNALSCanterbury Park (CPHC) Delivers +3.2% Q2 Revenue Growth as Adjusted EBITDA Rises
Key Takeaways
- Canterbury Park Holding Corporation (Nasdaq: CPHC) reported second-quarter 2026 net revenues of $16.17 million, up 3.2% from $15.67 million in the prior-year period.
- The company posted a net loss of $0.03 per share, an improvement from a $0.06 loss a year earlier, largely reflecting a $419,000 impairment charge tied to previously overpaid horseracing purses.
- Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization, a non-GAAP profitability measure) rose to $2.6 million from $2.0 million in the second quarter of 2025.
- For the first six months of 2026, net revenues increased 3.0% to $29.7 million, while Adjusted EBITDA climbed 31.8% to $5.5 million.
- Casino revenue, the company's largest segment, advanced to $9.63 million from $9.49 million in the same quarter last year.
Why These Results Matter
Canterbury Park Holding owns and operates Canterbury Park Racetrack and Casino in Shakopee, Minnesota, the state’s only thoroughbred and quarter horse racing facility, with live racing typically running from May to September. This positions the second quarter as a key period for assessing demand across casino operations, pari-mutuel wagering, and food-and-beverage services. The quarter also provides insight into real estate development efforts and the ongoing transition toward non-gaming revenue streams. After several periods of uneven profitability, the narrower loss and higher Adjusted EBITDA point to improving underlying momentum, even with one-time charges still affecting reported net income.
Breaking Down the Reported Numbers
For the three months ended June 30, 2026, total net revenues reached $16,167,746, compared with $15,665,734 in the same period of 2025. Casino revenue increased to $9,630,551 from $9,488,723, while pari-mutuel revenue rose slightly to $2,321,217 from $2,263,361. Food-and-beverage revenue grew to $2,471,999 from $2,066,758, offset in part by a decline in other revenue to $1,743,979 from $1,846,892.
The company recorded a net loss of $148,000, or $0.03 per share, versus a net loss of $327,000, or $0.06 per share, a year earlier. Management linked the quarterly loss mainly to a $419,000 impairment charge on prior-period purse overpayments from 2024 and 2025. Adjusted EBITDA improved to $2.6 million from $2.0 million in the prior-year quarter. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
For the six months ended June 30, 2026, net revenues reached $29.7 million, up 3.0% from $28.8 million, with net income of $22,000 versus a net loss of $627,000 in the comparable 2025 period. Diluted earnings per share were $0.00, compared with a loss of $0.12 a year earlier. Six-month Adjusted EBITDA increased 31.8% to $5.5 million from $4.1 million.
Market Reaction and Investor Sentiment
Canterbury Park trades with relatively low average daily volume, which can mute the scale of immediate post-earnings price moves compared with larger names. The modest revenue growth and improved Adjusted EBITDA appeared tempered in investor views by the one-time impairment charge that pushed results into negative territory on a reported basis. Sentiment ahead of the release had focused on whether casino momentum and food-and-beverage gains could sustain the top-line recovery from recent quarters. The narrower year-over-year loss indicates operating trends are stabilizing, though recurring non-operating charges tied to equity investments and receivables keep reported results somewhat volatile.
Looking Ahead: Key Factors to Watch
Investors will likely turn next to third-quarter results, which historically capture the peak of the live racing season and usually produce the highest quarterly revenue. Continued growth in casino revenue and the food-and-beverage segment will help show whether recent operational gains are holding up.
Beyond the core racetrack and casino business, real estate development initiatives remain important to monitor. The company has highlighted its Winners Circle and Boardwalk Kitchen & Bar ventures as current cash-flow contributors, while the Triple Crown Residences at Canterbury Park project is expected to turn cash-flow positive on a combined basis in 2027. Progress here could support longer-term earnings visibility.
Margin trends, marketing-related casino costs, and the timing or size of any further impairment or equity-investment charges also warrant attention. Because quarterly results can be influenced by non-operating items linked to the investment portfolio, many investors may view Adjusted EBITDA as a steadier measure of underlying performance than reported net income.
Incorporating AI Tools in My Analysis
When reviewing names like CPHC, I often rely on Tickeron’s AI Screener to quickly filter opportunities by technical patterns, fundamentals, and industry trends. It serves as a practical extension of my own research process, helping surface comparable ideas without replacing manual review. This tool has become a regular part of how I cross-check sector positioning and volatility metrics before forming a fuller view.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
CPHC in downward trend: 10-day moving average broke below 50-day moving average on November 03, 2026
The 10-day moving average for CPHC crossed bearishly below the 50-day moving average on November 03, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 13 of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 72%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The Momentum Indicator moved below the 0 level on October 27, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on CPHC as a result. In 91 of 141 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 65%.
The Moving Average Convergence Divergence Histogram (MACD) for CPHC turned negative on October 27, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In 34 of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at 67%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CPHC declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 57%.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CPHC's RSI Indicator exited the oversold zone, 10 of 21 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 48%.
CPHC moved above its 50-day moving average on November 04, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +3.66% 3-day Advance, the price is estimated to grow further. Considering data from situations where CPHC advanced for three days, in 119 of 197 cases, the price rose further within the following month. The odds of a continued upward trend are 60%.
CPHC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 70 of 106 cases where CPHC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 66%.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 10 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of 26 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is 51 (best 1 - 100 worst), indicating steady price growth. CPHC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 90 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 96 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.970) is normal, around the industry mean (14.575). CPHC's P/E Ratio (786.500) is considerably higher than the industry average of (53.870). Projected Growth (PEG Ratio) (0.040) is also within normal values, averaging (0.784). Dividend Yield (0.018) settles around the average of (0.022) among similar stocks. P/S Ratio (1.342) is also within normal values, averaging (1.049).
The Tickeron Profit vs. Risk Rating rating for this company is 96 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CPHC’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Advertisement
General Information
an operator of pari-mutuel wagering operations and hosts unbanked card games
Industry HotelsResortsCruiselines
Advertisement