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What changed in VICI Properties Inc.'s latest annual report

In the year ended 31 Dec 2025, VICI Properties Inc.'s revenue rose 4.1% to USD 4.01bn, from USD 3.85bn; net income rose 3.6% to USD 2.78bn, from USD 2.68bn; cash and cash equivalents rose 7.4% to USD 563.48m, from USD 524.62m.

Year ended 31 Dec 2025. Source: 10-K filed 25 Feb 2026, read it on SEC EDGAR.

USD 3.85bn to USD 4.01bn

Revenue, up 4.1% year on year

The figures, year on year

Annual figures as reported to the SEC, in US dollars. Changes are calculated from the two values.
ItemYear beforeLatest yearChange
Revenue3.85bn4.01bnUp 4.1%
Net income2.68bn2.78bnUp 3.6%
Total assets45.37bn46.72bnUp 3%
Total liabilities18.42bn18.50bnUp 0.5%
Long-term debt16.73bn16.77bnUp 0.2%
Cash and cash equivalents524.62m563.48mUp 7.4%
Shareholders' equity26.54bn27.80bnUp 4.7%

Questions people ask

Did VICI Properties Inc.'s revenue grow last year?

Revenue grew 4.1%, from USD 3.85bn to USD 4.01bn in the year ended 31 Dec 2025.

Is VICI Properties Inc. profitable?

Yes. Net income was USD 2.78bn in the year ended 31 Dec 2025. The year before: USD 2.68bn.

How much cash and debt does VICI Properties Inc. have?

At its latest year end (31 Dec 2025), VICI Properties Inc. reported cash and cash equivalents of USD 563.48m and long-term debt of USD 16.77bn.

Where do these numbers come from?

From VICI Properties Inc.'s own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.

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VICI Properties Inc. (VICI) 10-K: what changed year on year | LYNORIQ Insights