VICI PROPERTIES INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $4.0B | $3.8B | $3.6B | $2.6B | $1.5B |
| Cost of revenue | $26.7M | $26.9M | $27.1M | $22.6M | $20.8M |
| Interest expense | $843.6M | $826.1M | $818.1M | $540.0M | $392.4M |
| Pretax income | $2.8B | $2.7B | $2.5B | $1.1B | $1.0B |
| Income tax expense | $2.4M | $9.7M | -$6.1M | $2.9M | $2.9M |
| Net income | $2.8B | $2.7B | $2.5B | $1.1B | $1.0B |
| Balance Sheet | |||||
| Cash and equivalents | $563.5M | $524.6M | $522.6M | $208.9M | $739.6M |
| Total assets | $46.7B | $45.4B | $44.1B | $37.6B | $17.6B |
| Total liabilities | $18.5B | $18.4B | $18.4B | $15.3B | $5.4B |
| Total debt | $17.1B | $17.1B | $17.1B | $13.9B | $4.8B |
| Stockholders' equity | $27.8B | $26.5B | $25.3B | $21.9B | $12.1B |
| Cash Flow Statement | |||||
| Cash from operations | $2.5B | $2.4B | $2.2B | $1.9B | $896.4M |
| Depreciation and amortization | $3.6M | $4.1M | $4.3M | $3.2M | $3.1M |
| Stock-based compensation | $16.2M | $17.5M | $15.5M | $13.0M | $9.4M |
| Capital expenditure | $1.3M | $7.5M | $4.0M | $1.9M | $2.5M |
| Free cash flow | $2.5B | $2.4B | $2.2B | $1.9B | $893.8M |
| Dividends paid | $1.9B | $1.8B | $1.6B | $1.2B | $758.8M |
Shares outstanding 1.1B · Free float 98.8%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.