10-Q · May 11, 2026
Sonida Senior Living reported a robust revenue growth in Q1 2026 of $122.6 million, surpassing estimates of $115.8 million, but reported a diluted EPS of -$2.39, missing the expected -$1.56. The significant revenue…
Earnings analysis · 10-Q
SNDA earnings analysis
Filed August 10, 2026 · Our reading of the company's report
The latest report
Sonida reported Q2 revenue of $207.648 million, substantially above both $123 million in Q1 2026 and $94 million in Q2 2025, supported by 16.9% same-store NOI growth and 30.0% Adjusted EBITDA growth. However, diluted…
Read full summary
Sonida reported Q2 revenue of $207.648 million, substantially above both $123 million in Q1 2026 and $94 million in Q2 2025, supported by 16.9% same-store NOI growth and 30.0% Adjusted EBITDA growth. However, diluted EPS of $(0.52) missed the $(0.40) estimate and remained materially negative. The filing provides no numeric guidance, identifies ongoing CHP integration of internal-control systems, and reports no material changes to the prior Form 10-K risk factors.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.52
What stood out
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Revenue Accelerated Sharply
Q2 revenue was $207.648 million, up from $123 million in Q1 2026 and $94 million in Q2 2025, increases of approximately 68.8% sequentially and 120.9% year over year.
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Same-Store NOI Improved
Same-store NOI increased 16.9%, indicating continued improvement in the operating performance of comparable communities.
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Adjusted EBITDA Grew 30.0%
Adjusted EBITDA increased 30.0% year over year, outpacing the reported 16.9% same-store NOI growth.
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Disclosure Controls Effective
The company reported effective disclosure controls as of June 30, 2026, with management concluding that controls and procedures were effective.
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No Share Repurchases
No shares were repurchased during April, May, or June 2026, leaving $6,570,222 available under the repurchase program at each month-end.
What to watch
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EPS Remains Deeply Negative
Diluted EPS was $(0.52), versus $(0.16) in Q2 2025 and $(2.39) in Q1 2026; the sequential improvement remained below the estimated $(0.40), a $0.12 per-share miss.
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CHP Integration Control Risk
The filing states that the company is integrating CHP operations, processes, and systems and anticipates changes to the combined internal-control environment that may affect internal controls over financial reporting.
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Liquidity Allocation Risk
Although no shares were repurchased in the quarter, the company retained $6,570,222 of unused authorization, which could represent a future use of liquidity while the company continues to report negative EPS of $(0.52).
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Risk Factors Unchanged
The company reported no material changes to the risk factors in its December 31, 2025 Form 10-K, limiting evidence of risk mitigation despite the $(0.52) quarterly diluted EPS loss.
Management's outlook
The filing and accompanying earnings disclosure provide no numeric forward revenue or EPS guidance; no quantitative outlook was provided.
Earlier filings 4
10-K · March 12, 2026
Sonida completed the strategic acquisition of CNL Healthcare Properties (CHP) on March 11, 2026, which (post-closing) more than doubles owned units to approximately 14,700 and expands national scale. For the 2025 year…
10-Q · May 12, 2025
Sonida reported total revenues of $91,923,000 in Q1 2025 (up from $67,438,000 in Q1 2024), driven by higher resident revenue and reimbursement activity, but delivered a net loss attributable to Sonida shareholders of…
10-Q · November 13, 2024
Sonida reported Q3 2024 revenue of $74.75 million (up from $64.675 million in Q3 2023) and a diluted net loss per common share of $(0.98). Liquidity materially improved during the period: cash, cash equivalents and…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.