VICI PROPERTIES INC. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that VICI PROPERTIES INC. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $4.01B | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $3.85B | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | $3.61B | Feb 25, 2026 |
| FY2024 | Dec 31, 2022 | $2.60B | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | $1.51B | Feb 22, 2024 |
| FY2022 | Dec 31, 2020 | $1.23B | Feb 23, 2023 |
| FY2019 | Dec 31, 2019 | $237.54M | Feb 20, 2020 |
| FY2019 | Sep 30, 2019 | $222.51M | Feb 20, 2020 |
| FY2019 | Jun 30, 2019 | $220.75M | Feb 20, 2020 |
| FY2019 | Mar 31, 2019 | $214.00M | Feb 20, 2020 |
Revenue (Net Sales)
Net sales revenue — gross revenue less returns, allowances, and discounts. Used by many manufacturers and retailers as the primary top-line figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2017 | Dec 31, 2017 | $187.61M | Mar 28, 2018 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.78B | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $2.68B | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | $2.51B | Feb 25, 2026 |
| FY2024 | Dec 31, 2022 | $1.12B | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | $1.01B | Feb 22, 2024 |
| FY2022 | Dec 31, 2020 | $891.67M | Feb 23, 2023 |
| FY2019 | Dec 31, 2019 | $98.63M | Feb 20, 2020 |
| FY2019 | Sep 30, 2019 | $144.44M | Feb 20, 2020 |
| FY2019 | Jun 30, 2019 | $152.05M | Feb 20, 2020 |
| FY2019 | Mar 31, 2019 | $150.85M | Feb 20, 2020 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2020 | Dec 31, 2020 | $321.02M | Feb 18, 2021 |
| FY2019 | Dec 31, 2019 | $226.76M | Feb 20, 2020 |
| FY2019 | Sep 30, 2019 | $208.38M | Feb 20, 2020 |
| FY2019 | Jun 30, 2019 | $205.50M | Feb 20, 2020 |
| FY2019 | Mar 31, 2019 | $201.87M | Feb 20, 2020 |
| FY2019 | Dec 31, 2018 | $195.68M | Feb 20, 2020 |
| FY2019 | Sep 30, 2018 | $184.10M | Feb 20, 2020 |
| FY2019 | Jun 30, 2018 | $189.45M | Feb 20, 2020 |
| FY2019 | Mar 31, 2018 | $188.72M | Feb 20, 2020 |
| FY2019 | Dec 31, 2017 | $144.20M | Feb 20, 2020 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.51B | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $2.38B | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | $2.18B | Feb 25, 2026 |
| FY2024 | Dec 31, 2022 | $1.94B | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | $896.35M | Feb 22, 2024 |
| FY2022 | Dec 31, 2020 | $883.64M | Feb 23, 2023 |
| FY2021 | Dec 31, 2019 | $682.16M | Feb 23, 2022 |
| FY2020 | Dec 31, 2018 | $504.08M | Feb 18, 2021 |
| FY2019 | Dec 31, 2017 | $129.44M | Feb 20, 2020 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2019 | Dec 31, 2019 | $2.72M | Feb 20, 2020 |
| FY2019 | Dec 31, 2018 | $899.0K | Feb 20, 2020 |
| FY2019 | Dec 31, 2017 | $51.0K | Feb 20, 2020 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $46.72B | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $45.37B | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | $44.06B | Feb 20, 2025 |
| FY2023 | Dec 31, 2022 | $37.58B | Feb 22, 2024 |
| FY2022 | Dec 31, 2021 | $17.60B | Feb 23, 2023 |
| FY2021 | Dec 31, 2020 | $17.06B | Feb 23, 2022 |
| FY2020 | Dec 31, 2019 | $13.27B | Feb 18, 2021 |
| FY2019 | Dec 31, 2018 | $11.33B | Feb 20, 2020 |
| FY2018 | Dec 31, 2017 | $9.74B | Feb 14, 2019 |
| FY2017 | Dec 31, 2016 | $4.86B | Mar 28, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $18.50B | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $18.42B | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | $18.40B | Feb 20, 2025 |
| FY2023 | Dec 31, 2022 | $15.29B | Feb 22, 2024 |
| FY2022 | Dec 31, 2021 | $5.41B | Feb 23, 2023 |
| FY2021 | Dec 31, 2020 | $7.57B | Feb 23, 2022 |
| FY2020 | Dec 31, 2019 | $5.22B | Feb 18, 2021 |
| FY2019 | Dec 31, 2018 | $4.43B | Feb 20, 2020 |
| FY2018 | Dec 31, 2017 | $4.96B | Feb 14, 2019 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $27.80B | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $26.54B | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | $25.26B | Feb 20, 2025 |
| FY2023 | Dec 31, 2022 | $21.93B | Feb 22, 2024 |
| FY2022 | Dec 31, 2021 | $12.11B | Feb 23, 2023 |
| FY2021 | Dec 31, 2020 | $9.42B | Feb 23, 2022 |
| FY2020 | Dec 31, 2019 | $7.97B | Feb 18, 2021 |
| FY2019 | Dec 31, 2018 | $6.82B | Feb 20, 2020 |
| FY2018 | Dec 31, 2017 | $4.69B | Feb 14, 2019 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.77B | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $1.87B | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | $965.76M | Feb 20, 2025 |
| FY2023 | Dec 31, 2022 | $93.15M | Feb 22, 2024 |
| FY2022 | Dec 31, 2021 | $346.03M | Feb 23, 2023 |
| FY2021 | Dec 31, 2020 | $139.45M | Feb 23, 2022 |
| FY2020 | Dec 31, 2019 | $208.07M | Feb 18, 2021 |
| FY2019 | Dec 31, 2018 | $187.10M | Feb 20, 2020 |
| FY2018 | Dec 31, 2017 | $42.66M | Feb 14, 2019 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $563.48M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $524.62M | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | $522.57M | Feb 20, 2025 |
| FY2023 | Dec 31, 2022 | $208.93M | Feb 22, 2024 |
| FY2022 | Dec 31, 2021 | $739.61M | Feb 23, 2023 |
| FY2021 | Dec 31, 2020 | $315.99M | Feb 23, 2022 |
| FY2020 | Dec 31, 2019 | $1.10B | Feb 18, 2021 |
| FY2019 | Dec 31, 2018 | $577.88M | Feb 20, 2020 |
| FY2018 | Dec 31, 2017 | $183.65M | Feb 14, 2019 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $16.77B | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $16.73B | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | $16.72B | Feb 20, 2025 |
| FY2023 | Dec 31, 2022 | $13.74B | Feb 22, 2024 |
| FY2022 | Dec 31, 2021 | $4.69B | Feb 23, 2023 |
| FY2021 | Dec 31, 2020 | $6.77B | Feb 23, 2022 |
| FY2020 | Dec 31, 2019 | $4.79B | Feb 18, 2021 |
| FY2019 | Dec 31, 2018 | $4.12B | Feb 20, 2020 |
| FY2019 | Dec 31, 2017 | $4.12B | Feb 20, 2020 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 2 | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | 2 | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | 2 | Feb 25, 2026 |
| FY2024 | Dec 31, 2022 | 1 | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | 1 | Feb 22, 2024 |
| FY2022 | Dec 31, 2020 | 1 | Feb 23, 2023 |
| FY2021 | Dec 31, 2019 | 1 | Feb 23, 2022 |
| FY2020 | Dec 31, 2018 | 1 | Feb 18, 2021 |
| FY2019 | Dec 31, 2017 | 0 | Feb 20, 2020 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 2 | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | 2 | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | 2 | Feb 25, 2026 |
| FY2024 | Dec 31, 2022 | 1 | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | 1 | Feb 22, 2024 |
| FY2022 | Dec 31, 2020 | 1 | Feb 23, 2023 |
| FY2021 | Dec 31, 2019 | 1 | Feb 23, 2022 |
| FY2020 | Dec 31, 2018 | 1 | Feb 18, 2021 |
| FY2019 | Dec 31, 2017 | 0 | Feb 20, 2020 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 1.07B | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | 1.06B | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | 1.04B | Feb 20, 2025 |
| FY2023 | Dec 31, 2022 | 963.10M | Feb 22, 2024 |
| FY2023 | Dec 31, 2021 | 628.94M | Feb 22, 2024 |
| FY2023 | Dec 31, 2020 | 536.67M | Feb 22, 2024 |
| FY2022 | Dec 31, 2019 | 461.00M | Feb 23, 2023 |
| FY2020 | Dec 31, 2018 | 404.73M | Feb 18, 2021 |
| FY2019 | Dec 31, 2017 | 300.28M | Feb 20, 2020 |