v3.25.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Total revenues $ 91,923 $ 67,438
Expenses:    
Operating expense 60,414 46,317
General and administrative expense 8,472 6,812
Transaction, transition and restructuring costs 610 399
Depreciation and amortization expense 13,686 9,935
Managed community reimbursement expense 11,607 6,107
Total expenses 94,789 69,570
Other income (expense):    
Interest income 242 139
Interest expense (9,446) (8,591)
Gain on extinguishment of debt, net 0 38,148
Loss from equity method investment (330) 0
Other expense, net (550) (479)
Income (loss) before provision for income taxes (12,950) 27,085
Provision for income taxes (75) (66)
Net income (loss) (13,025) 27,019
Less: Net loss attributable to noncontrolling interests 496 0
Net income (loss) attributable to Sonida shareholders (12,529) 27,019
Dividends on Series A convertible preferred stock (1,409) 0
Undeclared dividends on Series A convertible preferred stock 0 (1,335)
Less: Undistributed earnings allocated to participating securities 0 (2,849)
Net income (loss) attributable to common shareholders $ (13,938) $ 22,835
Weighted average common shares outstanding — basic (in shares) 18,047 9,861
Weighted average common shares outstanding — diluted (in shares) 18,047 10,562
Basic net loss per common share (in USD per share) $ (0.77) $ 2.32
Diluted net loss per common share (in USD per share) $ (0.77) $ 2.16
Resident revenue    
Revenues:    
Total revenues $ 79,255 $ 60,737
Management fees    
Revenues:    
Total revenues 1,061 594
Managed community reimbursement revenue    
Revenues:    
Total revenues $ 11,607 $ 6,107