BYD
Market read
The latest filing is mixed. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
Invalidation: The isolated read changes if BYD's group or a disclosed connection begins moving with it.
Research brief
The latest filing is mixed. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“During the first half of 2025, we increased borrowings under the Prior Credit Facility as we increased our share repurchase activity during the six months ended June 30, 2025, resulting in net borrowings under the Prior Credit Facility of $387.8 million drive…”10-Q · Jul 30, 2026 ↗
“During the six months ended June 30, 2025, as a result of our first quarter impairment review, the Company recorded a long-lived asset impairment charge of $32.3 million for property and equipment related to our Las Vegas Locals segment.”10-Q · Jul 30, 2026 ↗
“In 2008, we experienced a profound reduction in consumer demand as a result of the economic recession in the U.S.”10-K · Feb 20, 2026 ↗
“The $5.4 mill ion of other operating items, net in 2024, was primarily driven by non-recurring litigation reserves.”10-K · Feb 20, 2026 ↗
Valuation discipline
Price/sales 1.5× · EV/sales 1.9×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 12:20 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for BYD. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
10-Q filed 2026-04-30 against the comparable filing from 2025-05-02.
“Net Income Net income decreased $6.6 million for the three months ended March 31, 2026 , compared to the prior year comparable period, primarily due to the $35.9 million decrease in operating income, as discussed above, offset by a $20.0 million decrease in interest expense, which was driven by a $1.2 billion decrease in the weighted average outstanding debt balance combined with a 60-basis point decline in the weighted average interest rate.”
“Interest expense, net of capitalized interest and interest income, for the three months ended March 31, 2026 , decreased $21.0 million, or 44.2% , from the prior year comparable period and is primarily driven by a decrease in the weighted average debt balance of $1.2 billion and an approximate 60-basis point decrease in the weighted average interest rate.”
“Operating Income Operating income decreased by $35.9 million, or 18.0% , for the three months ended March 31, 2026 , compared to the prior year comparable period, primarily due to an increase in d epreciation and amortization expense of $26.8 million, which was driven by the completion of our meeting and convention space in the third quarter of 2025, opening of the transitional casino in Norfolk, Virginia in November 2025, investments in technology throughout 2025 and hotel room renovations at multiple properties during 2025 and into the first quarter of 2026.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
“On July 31, 2025, the Group completed the transaction with Boyd Gaming Corporation to acquire the redeemable non-controlling interest of 5% held by Boyd Interactive Holdings L.L.C.”
Filing peers
Companies whose filings use similar operating language.
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What is moving around it
BYD is currently a Leader in the organic co-movement group Casinos & Gaming. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for BYD; it is not active in the latest market snapshot.
Context history
No durable theme membership has been observed for this name yet.