SONIDA SENIOR LIVING, INC.

Listed Company

SNDACIK 0001043000NYSEAcceleratedSmaller ReportingServices-Nursing & Personal Care FacilitiesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$381.14M

Net Income

$-70.78M

Total Assets

$844.85M

Equity

$-11.0K

Shares Out

47.39M

Op. Cash Flow

$24.36M

Business

SONIDA SENIOR LIVING, INC. is an owner, operator and investor in senior housing communities that provides residential care and services for older adults. It offers independent living, assisted living, memory care, respite and therapy programs, plus third‑party home care and specialized memory care programming. The company operates through owned communities, managed communities and joint venture investments, supported by a centralized corporate support center that provides finance, clinical, training, marketing and regional oversight. Sonida primarily serves U.S. markets through regionally concentrated portfolios and local on-site sales, marketing and referral channels.

Summary from filing dated 2025-03-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Management fees	381	304	255	238	—
Operating expense	253	202	177	172	157
General and administrative expense	40	34	32	30	32
Transaction, transition and restructuring costs	16	6	—	—	—
Depreciation and amortization expense	57	44	40	38	38
Long-lived asset impairment	13	0	—	—	—
Managed community reimbursement expense	45	33	21	27	41
Total expenses	423	319	276	269	275
Interest income	2	2	608,000	235,000	6,000
Interest expense	−39	−37	−36	—	—
Gain on extinguishment of debt	0	49	36	−641,000	200
Loss from equity method investment	−1	−895,000	0	—	—
Other income (expense), net	8	−540,000	−532,000	10	8
Loss before provision for income taxes	−72	−3	−21	−54	126
Provision for income taxes	−330,000	−239,000	−253,000	−86,000	−583,000
Net loss	−72	−3	−21	—	—
Less: Net loss attributable to noncontrolling interests	2	1	0	—	—
Net loss attributable to Sonida shareholders	−71	−2	−21	−54	126
Dividends on Series A convertible preferred stock	−6	−3	0	−2	−718,000
Undeclared dividends on Series A convertible preferred stock	0	−3	−5	−2	0
Net loss attributable to common stockholders	−76	−8	−26	−59	111
Basic net loss per share (in USD per share)	−4.22	−0.54	−3.85	−9.27	38.24
Diluted net loss per share (in USD per share)	−4.22	−0.54	−3.85	−9.27	37.92
Weighted average common shares outstanding basic (in shares)	18	14	7	6	3
Weighted average common shares outstanding diluted (in shares)	18	14	7	6	3

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	11	17	4	17	79
Restricted cash	19	22	14	14	14
Accounts receivable, net of allowance for credit losses of $2.6 million and $7.9 million, respectively	19	19	8	6	4
Prepaid expenses and other assets	6	5	4	4	9
Assets held for sale	9	0	—	—	—
Derivative assets	8,000	1	2	3	0
Deferred issuance costs	13	0	—	—	—
Total current assets	78	64	32	44	106
Property and equipment, net	736	740	588	616	621
Investment in unconsolidated entity	9	11	0	—	—
Intangible assets, net	20	25	622,000	—	—
Other assets, net	2	2	314,000	2	1
Total assets	845	842	621	661	729
Accounts payable	5	9	11	7	9
Accrued expenses	72	45	42	37	37
Current portion of debt, net of deferred loan costs	7	15	42	46	70
Deferred income	7	5	4	3	3
Federal and state income taxes payable	292,000	243,000	215,000	0	599,000
Liabilities held for sale	14	0	—	—	—
Other current liabilities	379,000	470,000	519,000	653,000	758,000
Total current liabilities	105	76	101	94	120
Long-term debt, net of deferred loan costs	682	636	587	625	—
Other long-term liabilities	1	793,000	49,000	—	288,000
Total liabilities	789	712	688	719	734
Commitments and contingencies (Note 13)	—	—	—	—	—
Series A convertible preferred stock, $0.01 par value; 41 shares authorized, 41 shares issued and outstanding as of December 31, 2025 and 2024	51	51	49	44	41
Preferred stock, value	0	0	0	0	0
Common stock, value	188,000	190,000	82,000	67,000	66,000
Additional paid-in capital	491	492	303	295	296
Retained deficit	−491	−420	−418	−397	−343
Total Sonida shareholders equity (deficit)	−11,000	72	−115	−102	−47
Noncontrolling interest:	5	7	0	—	—
Total equity	5	78	−115	−102	—
Total liabilities, redeemable preferred stock and equity	845	842	621	661	729

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	57	44	40	38	38
Amortization of deferred loan costs	2	2	2	1	2
Loss on derivative instruments, net	1	4	3	−19,000	0
Gain on sale of assets, net	0	−192,000	118,000	43,000	436,000
Gain on extinguishment of debt	0	−49	−36	641,000	—
Provision for credit losses	3	3	1	1	1
Non-cash stock-based compensation expense	5	4	3	4	3
Other non-cash items	364,000	−35,000	−53,000	−498,000	−4
Accounts receivable	−3	−14	−3	−2	585,000
Prepaid expenses and other assets	4	−156,000	3	8	−2
Other assets, net	470,000	0	276,000	−141,000	45,000
Accounts payable and accrued expenses	11	5	13	−2	−3
Federal and state income taxes payable	49,000	28,000	217,000	−601,000	426,000
Deferred income	2	1	622,000	257,000	−822,000
Customer deposits	−271,000	−19,000	−19,000	−1,000	−342,000
Net cash provided by (used in) operating activities	24	−2	11	−3	−29
Investments in unconsolidated entity	0	−22	0	—	—
Return of investment in unconsolidated entity	800,000	11	0	—	—
Acquisition of new communities	−38	−173	0	−12	0
Capital expenditures	−33	−25	−18	−25	10
Proceeds from sale of assets	0	631,000	1	0	0
Net cash used in investing activities	−71	−209	−17	−37	−10
Proceeds from issuance of common stock, net of issuance costs	0	191	10	0	114
Proceeds from notes payable	18	56	0	88	23
Repayments of notes payable	−8	−72	−14	−102	−65
Proceeds from revolving credit facility	50	69	0	—	—
Repayment of revolving credit facility	−15	−9	0	—	—
Capital contributions from noncontrolling investors in joint ventures	287,000	8	0	—	—
Distributions to noncontrolling investors in joint ventures	−132,000	0	—	—	—
Dividends paid on Series A convertible preferred stock	−6	−3	0	−3	0
Deferred loan costs paid	−1	−4	−825,000	−2	—
Purchase of derivative assets	−129,000	−3	−2	−3	0
Other financing costs	−429,000	−449,000	−124,000	—	—
Net cash provided by financing activities	38	232	−7	−23	99
Increase (decrease) in cash and cash equivalents	−9	21	−13	−62	60
Interest	37	33	28	30	31
Income taxes paid, net - Texas	277,000	220,000	46,000	725,000	329,000
Notes payable acquired through acquisitions	0	22	0	—	—
Insurance financed through insurance notes payable	6	2	—	—	—
Non-cash additions of property and equipment	700,000	2	2	2	100,000
Non-cash right-of-use assets	643,000	0	—	—	—

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