CPHC on Nasdaq

Canterbury Park

Logo: pulled from http://www.canterburypark.com/geninfo/logos/Canterbury%20logo%202004_LO.jpg, Non-free logo, via Wikipedia4

Horse racing facility in Minnesota, US

Canterbury Park (formerly Canterbury Downs) is a horse racing track in Shakopee, Minnesota, United States. Canterbury Park Holding Corporation ("Canterbury Park") hosts parimutuel wagering on live thoroughbred and quarter horse racing at its facilities in Shakopee and parimutuel wagering on races held at out-of-state racetracks that are simulcast to the racetrack. In addition, the Canterbury Park Card Casino operates 24 hours a day, seven days a week, and is also regulated by the Minnesota Racing Commission.3 Its shares trade on Nasdaq under the symbol CPHC.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

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  • TickerCPHC on Nasdaq1
  • IndustryServices-Racing, Including Track Operation1
  • HeadquartersShakopee, Minnesota1
  • Websitewww.canterburypark.com
  • Incorporated inMN5
  • Business address1100 Canterbury Road S., Shakopee, Mn 553795
  • Filer categoryNon-accelerated filer, Smaller reporting company5

Canterbury Park (formerly Canterbury Downs) is a horse racing track in Shakopee, Minnesota, United States. Canterbury Park Holding Corporation ("Canterbury Park") hosts parimutuel wagering on live thoroughbred and quarter horse racing at its facilities in Shakopee and parimutuel wagering on races held at out-of-state racetracks that are simulcast to the racetrack. In addition, the Canterbury Park Card Casino operates 24 hours a day, seven days a week, and is also regulated by the Minnesota Racing Commission. Casino games include blackjack, baccarat, Ultimate Texas Hold 'Em, and poker. Canterbury Park also derives revenue from related services and activities, such as concessions, parking, admissions, and programs, and from other entertainment events held at the racetrack. Furthermore, Canterbury Park is pursuing a strategy to enhance shareholder value by developing approximately 140 acres of underutilized land surrounding the racetrack in a project known as Canterbury Commons. The company is pursuing several mixed-use development opportunities for the underutilized land, directly and through joint ventures.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

4.1%Operating margin8
-0.9%Net margin8
-3.2%Revenue growth, 20258
-0.6%Return on equity8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Casino brought in 62% of the revenue Canterbury Park broke down this way in fiscal 2025.

  1. Casino$37.1M862%down 4% from 2024
  2. Food and Beverage$8.2M814%up 3% from 2024
  3. Pari-mutuel$7.7M813%down 7% from 2024
  4. Product and Service, Other$6.5M811%down 1% from 2024
Products and services by year
Products and services20242025
Casino$38.8M$37.1M
Food and Beverage$8.0M$8.2M
Pari-mutuel$8.2M$7.7M
Product and Service, Other$6.6M$6.5M

Business segments

Card Casino brought in 62% of the revenue Canterbury Park broke down this way in fiscal 2025.

  1. Card Casino$37.1M862%down 4% from 2024
  2. Horse Racing$13.5M823%down 3% from 2024
  3. Food and Beverage$8.9M815%up 1% from 2024
Business segments by year
Business segments20242025
Card Casino$38.8M$37.1M
Horse Racing$14.0M$13.5M
Food and Beverage$8.8M$8.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs100¢$59.3M
  • Income tax0¢$285.0K

Out of $59.6M in revenue.8 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid16¢$1.4M
  • Kept or used elsewhere84¢$7.5M

Out of $8.9M of cash from operations.8

Financial statements

Revenue9101112138$59.6M in 2025+1% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $59.2M$59.2M20192020: $33.1M$33.1M2020−44%2021: $60.4M$60.4M2021+82%2022: $66.8M$66.8M2022+11%2023: $61.4M$61.4M2023−8%2024: $61.6M$61.6M2024+0%2025: $59.6M$59.6M2025−3%
Operating income14101112138$2.5M in 2025−32% since 2019
0$5.0M$10.0M$15.0M$20.0M2019: $3.6M$3.6M20192020: $625.8K$625.8K2020−83%2021: $17.8M$17.8M2021+2741%2022: $10.9M$10.9M2022−39%2023: $11.5M$11.5M2023+6%2024: $6.4M$6.4M2024−44%2025: $2.5M$2.5M2025−62%
Net income14101112138-$529.4K in 2025
-$5.0M0$5.0M$10.0M$15.0M2019: $2.7M$2.7M20192020: $1.1M$1.1M2020−61%2021: $11.8M$11.8M2021+1011%2022: $7.5M$7.5M2022−36%2023: $10.6M$10.6M2023+41%2024: $2.1M$2.1M2024−80%2025: -$529.4K-$529.4K2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.8

Period ending2025-12-312024-12-31
Net Revenues$59.6M$61.6M
Purse expense$7.1M$7.9M
Minnesota Breeders Fund$981.6K$1.0M
Salaries and benefits$26.5M$26.1M
Depreciation and amortization$4.0M$3.6M
Advertising and marketing$1.7M$1.3M
Professional and contracted services$5.9M$5.7M
Loss on disposal of assets$56.2K$49.2K
Other operating expenses$5.3M$5.5M
Total Operating Expenses$57.1M$56.9M
Gain on transfer of land (Note 11)$0$1.7M
INCOME FROM OPERATIONS$2.5M$6.4M
Loss from equity investment-$5.2M-$5.5M
Interest income, net$2.0M$2.1M
Net Other Loss-$3.3M-$3.4M
(LOSS) INCOME BEFORE INCOME TAXES-$814.4K$3.0M
INCOME TAX BENEFIT (EXPENSE) (Note 4)$285.0K-$923.9K
NET (LOSS) INCOME-$529.4K$2.1M
Basic earnings (loss) per share (in dollars per share)-$0.10$0.42
Diluted earnings (loss) per share (in dollars per share)-$0.10$0.42
Weighted average basic shares outstanding (in shares)5.1M shares5.0M shares
Weighted average diluted shares (in shares)5.1M shares5.0M shares

Compare Canterbury Park with another company

Corporate structure

Canterbury Park sits at the top of its group. 4 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Canterbury Park

  • Canterbury Park Shakopee, Minnesota
    • Canterbury Development LLC Subsidiary · Minnesota, United States
    • Canterbury Park Concessions, Inc. Subsidiary · Minnesota, United States
    • Canterbury Park Entertainment LLC Subsidiary · Minnesota, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Canterbury Park reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Finance-lease assets$117.2K8 Dec 31, 2025$150.1K8 Dec 31, 2024−21.9%
Operating-lease assets (leased space)$08 Dec 31, 2025$27.7K8 Dec 31, 2024−100.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$12.1M8 Dec 31, 2025$10.1M8 Dec 31, 2024+19.7%
Marketable securities, current$5.0M8 Dec 31, 2025$5.0M8 Dec 31, 20240%
Stakes in other companies (equity method)$5.2M8 Dec 31, 2025$7.0M8 Dec 31, 2024−26.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$269.4K8 Dec 31, 2025$250.7K8 Dec 31, 2024+7.5%

Properties, in its own words

General

The Company’s facilities, which are owned and operated under the name “Canterbury Park,” are a modern complex of buildings and grounds that include racing surfaces, a grandstand, event center, barn and backside facilities, and parking in Shakopee, Minnesota. The Racetrack’s grandstand has a patron capacity of approximately 10,000 within enclosed areas and a maximum patron capacity of over 30,000 including outside areas around the grandstand.

The rest of Item 2

Underutilized Land

In 2024, the Company transferred approximately 3.5 acres of land to the Trackside Investments joint venture. As of December 31, 2025, the Company has approximately 35 acres of land remaining that are owned or controlled by the Company that are not currently used for its business operations, and could be developed or sold, in whole or in part. See discussion above titled “Development Operations” and footnote 11 to the consolidated financial statements for more information.

Item 2 of the 10-K filed Mar 10, 2026.17

The story

Canterbury Downs was founded by Walter Brooks Fields Jr. and other investors. According to David Miller of the Daily Racing Form, "Fields, along with his nephew Brooks Hauser, formed Minnesota Racetrack Inc. after a constitutional amendment allowing parimutuel wagering on horse racing was approved by Minnesota voters in 1982. Naming Santa Anita as its primary partner, Minnesota Racetrack Inc. was awarded the state's first racetrack license by the Minnesota Racing Commission, and the facility in Shakopee held its first race on June 26, 1985. In 1986 Canterbury Downs tried to do some harness racing for the 1986 racing season and did the 1986 Breeders Crown. In the 1980s, Canterbury Downs had its own newspaper, the Post Times, edited by Dan Stoneking.

The introduction of the state's lottery and the widespread growth of casino gaming at Native American-hosted facilities in the area saw Canterbury Downs business repeatedly fall below revenue projections, and the track was sold in 1990 to Ladbroke Racing PLC."

In 1990, Ladbroke Racing Corporation bought Canterbury and renamed it New Canterbury Downs. In December 1992, it closed its doors after a disastrous live racing season that saw an enormous drop in attendance. In late 1993, Canterbury was bought by Irwin L. Jacobs, who quickly sold it to Curtis and Randy Sampson. Shortly after the sale, the Sampsons worked to revitalize Canterbury, so that it reopened its doors to simulcasting, and it quickly paid off its debt. In late 1994, Canterbury carried out a promise to return live horse racing to Minnesota. In January 1995, Canterbury Downs officially changed its name to Canterbury Park.

In 1999 the legislature authorized a card room with poker tables at Canterbury Park. This had the effect of allowing poker tables at the state's Indian tribe casinos as well.

Due to the 2011 Minnesota state government shutdown, Canterbury was forced to close. Ramsey County District Judge Kathleen Gearin rejected a court case by Canterbury's owners to reopen it. Canterbury Park reopened on July 20, 2011, when the government shutdown ended.

In June 2012, Canterbury Park and the Shakopee Mdewakanton Sioux Community, owners and operators of Mystic Lake Casino, announced a 10-year cooperative marketing and purse enhancement agreement that added $75 million to horsemen purses. The deal was not renewed after it expired on December 31, 2022.

Canterbury Park also hosts corgi dog races, wiener dog races, and the annual Running of the Bulldogs.

Staff members include KFAN radio personality and Minnesota Vikings announcer Paul Allen and Minnesota Wild television commentator Kevin Gorg.

Read the full text

In 2019, Canterbury Park was the site of the Twin Cities Summer Jam.

Near the end of the 2023 race meet, Canterbury Park director of racing Chris Merz announced that the track would eliminate the runup for races–the distance between the placement of the starting gate and the location where timing of the race begins–in an effort to be more transparent and present a better product to gamblers with the advent of sports betting in the country. About two weeks later, Merz announced that he had resigned from Canterbury Park and a track spokesman said that the decision to eliminate the run-up would be reconsidered.

In April 2024 the Minnesota Racing Commission had approved Historic Horse Racing but was later overturned by the State of Minnesota.

In May 2026, a man was fatally shot at the Canterbury Park Expo Center during an Eid al-Adha prayer service being held there. A suspect was later charged with second-degree murder and unlawful gun possession.

From Wikipedia’s article on Canterbury Park, shared under CC BY-SA 4.0.6

Leadership

Who has led Canterbury Park, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (25)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Canterbury Development LLC Minnesota7
  • Canterbury Park Concessions, Inc. Minnesota7
  • Canterbury Park Entertainment LLC Minnesota7

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • New Canterbury Park Holding CorpApr 22, 2016 to Jul 1, 20165

Timeline

  1. Jun 8, 20268-K Shareholder vote46
  2. Jun 4, 20268-K Regulation FD disclosure47
  3. Mar 26, 20268-K Executive or director change48
  4. Oct 17, 20258-K Shareholder vote49
  5. Jun 10, 20258-K Shareholder vote50
  6. Jun 5, 20258-K Regulation FD disclosure51
  7. Mar 17, 20258-K Executive or director change52
  8. Jun 18, 20248-K Shareholder vote53
  9. Jun 10, 20248-K Shareholder vote54
  10. Jun 6, 20248-K Regulation FD disclosure55
  11. May 28, 20248-K Other events56
  12. Apr 3, 20248-K Other events57
  13. Jan 24, 2006New chief executive Randall D. Sampson becomes CEO19

Calendar

Coming up

  1. Nov 6, 2026Reports results for the quarter ending Sep/202658

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

160 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 30 major events, 69 insider forms, 22 large holders, 19 other. The latest 20:

  1. Oct 1, 2026SCHEDULE 13D EDGAR
  2. Aug 12, 202610-Q EDGAR
  3. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  4. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  5. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  6. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  7. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  8. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  9. Jun 8, 20268-K EDGAR
  10. Jun 4, 20268-K EDGAR
  11. May 12, 202610-Q EDGAR
  12. Apr 24, 2026DEFA14A EDGAR
  13. Apr 24, 2026DEF 14A EDGAR
  14. Mar 26, 20268-K EDGAR
  15. Mar 16, 20264 PRIMARY DOCUMENT EDGAR
  16. Mar 13, 20264 PRIMARY DOCUMENT EDGAR
  17. Mar 13, 20264 PRIMARY DOCUMENT EDGAR
  18. Mar 10, 202610-K EDGAR
  19. Feb 13, 2026SCHEDULE 13G/A EDGAR
  20. Feb 13, 20265 PRIMARY DOCUMENT EDGAR

The 160 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

10 open-market trades by officers, directors and large owners since October 2021: 10 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 31, 2025Dehmer Randy JChief Financial OfficerBuy99$13.09$1.3KForm 4
Jun 30, 2025Dehmer Randy JChief Financial OfficerBuy81$16.03$1.3KForm 4
Dec 31, 2024Dehmer Randy JChief Financial OfficerBuy75$17.43$1.3KForm 4
Jun 30, 2024Dehmer Randy JChief Financial OfficerBuy75$17.37$1.3KForm 4
Dec 31, 2023Dehmer Randy JChief Financial OfficerBuy74$17.37$1.3KForm 4
Jun 30, 2023Dehmer Randy JChief Financial OfficerBuy67$19.42$1.3KForm 4
Dec 31, 2022Dehmer Randy JChief Financial OfficerBuy64$21.99$1.4KForm 4
Jun 30, 2022Dehmer Randy JChief Financial OfficerBuy81$14.69$1.2KForm 4
Jun 2, 2022Chronister MarkDirectorBuy1,378Form 4
Dec 31, 2021Dehmer Randy JChief Financial OfficerBuy117$12.45$1.5KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Randall D. SampsonPresident and Chief Executive Officer$334.8K$576.9K65
2025Randy J. DehmerSenior Vice President of Finance and Chief Financial Officer$270.6K$422.1K65
2024Randall D. SampsonPresident and Chief Executive Officer$324.3K$567.0K65
2024Randy J. DehmerSenior Vice President of Finance and Chief Financial Officer$258.7K$412.1K65

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 28. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Black Diamond Capital Management I, LLLP859,169$13.5M9.0%No change
Gate City Capital Management, LLC468,430$7.4M1.9%+22,877
Gamco Investors, Inc. Et Al373,893$5.9M0.1%−1,500
Gabelli Funds LLC195,000$3.1M0.0%No change
Dimensional Fund Advisors LP43,225$681.2K0.0%No change
Guardian Wealth Advisors, LLC / Nc38,319$606.6K0.0%−3,325
Aptus Capital Advisors, LLC38,319$603.9K0.0%−3,325
Vanguard Capital Management LLC32,415$510.9K0.0%−101
Geode Capital Management, LLC26,165$412.9K0.0%−258
Vanguard Fiduciary Trust Co15,574$245.4K0.0%+101
Mink Brook Asset Management LLC14,589$229.9K0.1%No change
Northern Trust Corp11,015$173.6K0.0%−5,745
BlackRock, Inc.10,546$166.2K0.0%+3,806
Krilogy Financial LLC10,000$157.6K0.0%No change
Central Pacific Bank - Trust Division4,600$72.5K0.0%No change
Osaic Holdings, Inc.1,000$15.8K0.0%New
Integrated Wealth Concepts LLC775$12.2K0.0%New
Vanguard Global Advisers, LLC710$11.2K0.0%No change
Versant Capital Management, Inc135$2.1K0.0%No change
Royal Bank Of Canada100$2.0K0.0%No change
UBS Group AG100$1.6K0.0%−139
Financial Perspectives, Inc100$1.6K0.0%No change
Jones Financial Companies Lllp50$8420.0%New
Tower Research Capital LLC (TRC)13$2050.0%−217
Price T Rowe Associates Inc /md/12,565$1990.0%+1,318

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Canterbury Park is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCanterbury Park Holding Corp2
  • CIK0001672909
  • Employer ID (EIN)47-534976517
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company17
  • Incorporated inMinnesota17
  • Fiscal year endsDecember 312
  • Industry code (SIC)7948 Services-Racing, Including Track Operation2
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance2
  • Business address1100 Canterbury Road S., Shakopee, MN 553792
  • Phone(952) 445-72232
  • Shares outstanding5,183,394 as of Aug 11, 202616
  • Public float$73.2M as of Jun 30, 202517
  • AuditorWipfli LLP, Minneapolis, Minnesota PCAOB ID 344; no auditor attestation of internal control over financial reporting17
  • On EDGAR sinceApr 22, 20162
  • Filings361 in all: 4 (119), 8-K (71), 10-Q (31), SC 13G/A (26), 5 (18), 10-K (10), DEF 14A (10), 4/A (9)2
    All 31 form types

    3 (8), DEFA14A (8), SC 13D/A (8), CORRESP (5), SCHEDULE 13G/A (5), EFFECT (4), UPLOAD (4), 8-K/A (3), S-3 (3), SC 13G (3), S-8 (2), S-8 POS (2), SEC STAFF LETTER (2), 424B3 (1), 5/A (1), 8-K12B (1), 8-K12G3 (1), 8-K12G3/A (1), CT ORDER (1), S-4 (1), S-4/A (1), SCHEDULE 13D (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 10, 2026
    Quarterly report (10-Q) Aug 12, 2026
    Proxy statement (DEF 14A) Apr 24, 2026
    Latest 8-K (8-K) Jun 8, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $.01 par valueCPHCNasdaq

From the cover page of the 10-K filed Mar 10, 2026 (Section 12(b) of the Exchange Act).17

Risk factors and legal proceedings

The risks Canterbury Park names in Item 1A of its 10-K filed Mar 10, 2026: 23 risks under these headings, as written.17

  • We may not be successful at implementing our growth strategy.
  • Our business is sensitive to reductions in discretionary consumer spending as a result of downturns in the economy and other factors outside of our control.
  • We have experienced a decrease in revenue and profitability from live racing.
  • We may not be able to attract a sufficient number of horses and trainers to achieve above average field sizes.
  • We face significant competition, both directly from other racing and gaming operations and indirectly from other forms of entertainment and leisure time activities, which could have a material adverse effect on our operations.
  • Nationally, the popularity of horse racing has declined.
  • A lack of confidence in the integrity of our core businesses could affect our ability to retain our customers and engage with new customers.
  • Horse racing is an inherently dangerous sport, and our racetrack is subject to personal injury litigation.
  • Our business depends on using totalizator services.
  • Inclement weather and other conditions may affect our ability to conduct live racing.
  • Risks Related to Government Regulation of our Horse Racing and Gaming Generally
  • We are subject to changes in the laws that govern our business, including the possibility of an increase in gaming taxes, which would increase our costs, and changes in other laws may adversely affect our ability to compete.
The other 12 risks
  • We are subject to extensive regulation from gaming authorities that could adversely affect us.
  • Risks Related to our Real Estate Development Efforts
  • We rely on the efforts of our partner Doran for the development and profitable operation of our Triple Crown Residences at Canterbury Park joint venture.
  • We rely on the efforts of our partner Greystone Construction for a development project.
  • We may not be successful in executing our real estate development strategy.
  • We are obligated to make improvements in the TIF district and will be reimbursed only to the extent of future tax revenue.
  • We face competition from other real estate developers.
  • General Risk Factors
  • We may be adversely affected by the effects of inflation.
  • Our success may be affected if we are not able to attract, develop, and retain qualified personnel.
  • The payment and amount of future dividends is subject to Board of Director discretion and to various risks and uncertainties.
  • Our information technology and other systems are subject to cybersecurity risk including misappropriation of customer information or other information security incidents.
  • We process, store, and use personal information and other data, which subjects us to governmental regulation and other legal obligations related to privacy, and our actual or perceived failure to comply with such obligations could harm our business.
  • Provisions of Minnesota law, our articles of incorporation, our bylaws and other agreements may deter a change of control of our company and may have a possible negative effect on our stock price.

Legal proceedings

There are no material legal proceedings pending against the Company. From time to time, the Company is party to ordinary and routine litigation or claims incidental to our business. We do not expect the outcome of any such litigation or claims pending at this time to have a material adverse effect on our consolidated financial position or results of operations.

The opening of Item 3, Legal Proceedings.17

Sources

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