According to Variety, the Ben Affleck crime drama is set to lose the Warner Bros studio $75m (£60m).
The film cost an estimated $65m (£52m) to make but has only made $16.5m (£13m) of it back.
Factor in the costs of marketing and distribution and the period gangster thriller looks like it's firing blanks.
It's a galling comedown for Affleck, whose last film as director was the Oscar-winning Argo.