BYD — what changed in the latest 10-Q
A section-by-section comparison of BYD's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-07-30 vs the prior 10-Q · 2026-04-30
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +35 | −25 | ~22 | 71 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~2 | 0 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-07-30
Total revenues for the six months ended June 30, 2026 increased by $6.2 million, or 0.3%, compared to the prior year comparable period, primarily due to (i) an increase in gaming revenues of $23.6 million, or 1.8%, driven by an increase in slot win of 2.4% and slot handle of 1.6%; (ii) an increase o…
Operating income decreased by $41.7 million, or 17.2%, for the three months ended June 30, 2026, compared to the prior year comparable period, primarily due to (i) an increase in depreciation and amortization expense of $21.1 million, driven by: the completion of our meeting and convention space at …
Operating income decreased by $77.6 million, or 17.5%, for the six months ended June 30, 2026, compared to the prior year comparable period, primarily due to (i) an increase in depreciation and amortization expense of $47.9 million, which was driven by: the completion of our meeting and convention s…
Net income decreased $20.4 million for the three months ended June 30, 2026 , compared to the prior year comparable period, primarily due to the $41.7 million decrease in operating income, as discussed above, partially offset by a $19.1 million decrease in interest expense, which was driven by a $1.…
Net income decreased by $27.0 million, or 10.3%, for the six months ended June 30, 2026, compared to the prior year comparable period, primarily due to the $77.6 million decrease in operating income, as discussed above. Net income was favorably impacted by a $39.1 million decrease in interest expens…
Text removed vs the prior filing · source: 10-Q · 2026-04-30
Operating income decreased by $35.9 million, or 18.0%, for the three months ended March 31, 2026, compared to the prior year comparable period, primarily due to an increase in depreciation and amortization expense of $26.8 million, which was driven by the completion of our meeting and convention spa…
Net income decreased $6.6 million for the three months ended March 31, 2026 , compared to the prior year comparable period, primarily due to the $35.9 million decrease in operating income, as discussed above, offset by a $20.0 million decrease in interest expense, which was driven by a $1.2 billion …
We derive the majority of our revenues from our gaming operations, which produced approximately 65% and 64% of revenues for the three months ended March 31, 2026 and 2025, respectively. Online reimbursements revenues, which include reimbursements received from our third-party operators for gaming ta…
Gaming revenues are comprised primarily of the net win from our slot machine operations and to a lesser extent from table games win. The increase in gaming revenues of $11.8 million, or 1.8%, during the three months ended March 31, 2026, compared to the prior year comparable period, was primarily du…
Food & beverage revenues increased $1.6 million, or 2.2%, during the three months ended March 31, 2026, compared to the prior year comparable period, primarily due to an increase in food covers of 10.7%, offset by an 8.4% decrease in average guest check.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice