Canterbury Park stock: Q2 loss narrows as EBITDA rises

Canterbury Park Holding Corporation reported a narrower second-quarter loss after revenue and adjusted EBITDA increased, according to a Zacks analysis published on August 19, 2026. The results covered the three months ended June 30, 2026.

Revenue growth meets cost pressure

Net revenue increased 3.2 percent year over year to 16.17 million US dollars from 15.67 million US dollars. The net loss narrowed to 148,000 US dollars, or 0.03 US dollars per share, from 330,000 US dollars, or 0.06 US dollars per share.

Adjusted EBITDA rose 29.3 percent to 2.63 million US dollars from 2.04 million US dollars, lifting the adjusted EBITDA margin to 16.3 percent from 13 percent. Operating income moved in the opposite direction, falling to 0.29 million US dollars from 0.43 million US dollars as operating expenses increased 4.3 percent to 15.88 million US dollars.

Casino and property development

Casino revenue increased 1.5 percent to 9.63 million US dollars. Table-games revenue rose to 7.27 million US dollars, offsetting lower poker revenue, while food-and-beverage revenue increased 19.6 percent to 2.47 million US dollars.

Management highlighted more than 11 US dollars per share of cash, tax-increment-financing receivables and real-estate joint ventures. The company expects the two Triple Crown Residences ventures to be cash-flow positive on a combined basis in 2027 and expects 1.2 million US dollars of tax-increment-financing reimbursements in 2026.

Canterbury Park business profile

Canterbury Park operates a horse-racing, casino and entertainment venue in Shakopee, Minnesota. Its offerings include live and simulcast racing, poker, touchscreen games, table games, concerts and other events. The company also pursues property-development activities connected with the broader Canterbury Park destination.

The S&P 500 provides the broader US equity-market context; see current market coverage.