Canterbury Park Holding Corp
CPHC · Services-Racing, Including Track Operation · 5.2M shares · +2%/yr ↑ shares · EDGAR filings ↗
Grade
C55Canterbury Park is a small single-site racetrack/casino that slipped to a slight net loss in 2025 on softer casino and racing revenue.
Strengths
- Solid liquidity (current ratio 2.6, quick 69th pct) and embedded value in ~35 acres of Canterbury Commons development land/JVs
- Diversified gaming, racing, F&B, and real-estate segments with a clear casino-growth strategic plan
Risks
- Net loss in 2025 (ROE -0.6%, ROA -0.5%) with revenue down 3.2% and Adjusted EBITDA down 12.9%
- Loss of CMA purse/marketing payments has pressured live racing; small, geographically concentrated operator
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on equity
-0.6%
Return on assets
-0.5%
Revenue growth (QoQ)
380.5%
Net-income growth
-125.1%
Current ratio
2.6×
EBITDA
$6M
Tangible book value
$84M
Cash & investments
$17M
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-08 | Shareholder vote | filing ↗ |
| 2026-06-04 | Reg FDExhibits | filing ↗ |
| 2026-03-26 | Exec/director changeExhibits | filing ↗ |
| 2025-10-17 | Shareholder vote | filing ↗ |
| 2025-06-10 | Shareholder vote | filing ↗ |
| 2025-06-05 | Reg FDExhibits | filing ↗ |
| 2025-03-17 | Exec/director changeExhibits | filing ↗ |
| 2024-06-18 | Shareholder vote | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-08 | 2026-06-04 | 0001437749-26-019807 ↗ |
| 8-K | 2026-06-04 | 2026-06-04 | 0001437749-26-019485 ↗ |
| 10-Q | 2026-05-12 | 2026-03-31 | 0001437749-26-016307 ↗ |
| 8-K | 2026-03-26 | 2026-03-20 | 0001437749-26-009878 ↗ |
| 10-K | 2026-03-10 | 2025-12-31 | 0001437749-26-007464 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001437749-25-033815 ↗ |
| 8-K/A | 2025-10-17 | 2025-06-05 | 0001437749-25-031232 ↗ |
| 10-Q | 2025-08-08 | 2025-06-30 | 0001437749-25-025624 ↗ |
| 8-K | 2025-06-10 | 2025-06-05 | 0001437749-25-019941 ↗ |
| 8-K | 2025-06-05 | 2025-06-05 | 0001437749-25-019481 ↗ |
| 10-Q | 2025-05-09 | 2025-03-31 | 0001437749-25-015695 ↗ |
| 8-K | 2025-03-17 | 2025-03-11 | 0001437749-25-007886 ↗ |