Summary of Significant Accounting Policies (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Accounting Policies [Abstract] |
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| Schedule of Cash and Cash Equivalents and Restricted Cash |
The following table sets forth our cash and cash equivalents and restricted cash (in thousands): | | | | | | | | | | | | | Years Ended December 31, | | 2025 | | 2024 | | Cash and cash equivalents | $ | 11,008 | | | $ | 16,992 | | | Restricted cash: | | | | | Property tax and insurance reserves | 6,606 | | | 6,156 | | | Lender reserves | 3,780 | | | 6,013 | | | Capital expenditures reserves | 5,354 | | | 6,210 | | | | | | | Deposits pursuant to outstanding letters of credit | 3,524 | | | 3,524 | | | Other reserves | — | | | 192 | | | Total restricted cash | 19,264 | | | 22,095 | | | Total cash, cash equivalents, and restricted cash | $ | 30,272 | | | $ | 39,087 | |
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| Disaggregation of Revenue |
Revenue for the years ended December 31, 2025 and 2024 is comprised of the following components (in thousands): | | | | | | | | | | | | | Years Ended December 31, | | 2025 | | 2024 | | Housing and support services | $ | 328,197 | | | $ | 264,694 | | | Community fees | 2,391 | | | 1,945 | | | Ancillary services | 1,369 | | | 1,210 | | | Resident revenue | 331,957 | | | 267,849 | | | Management fees | 4,431 | | | 3,381 | | | Managed community reimbursement revenue | 44,753 | | | 33,096 | | | Total revenues | $ | 381,141 | | | $ | 304,326 | |
Community fees, ancillary services, management fees, and community reimbursement revenue represent revenue from contracts with customers in accordance with GAAP.
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| Schedule of Computation of Basic and Diluted Net Loss Per Share |
The following table sets forth the computation of basic and diluted net loss per common share (in thousands, except for per share amounts): | | | | | | | | | | | | | | Years Ended December 31, | | 2025 | | 2024 | | | Basic net loss per common share calculation: | | | | | Net loss attributable to Sonida shareholders | $ | (70,779) | | | $ | (2,059) | | | | Less: Dividends on Series A Convertible Preferred Stock | (5,637) | | | (2,818) | | | | Less: Undeclared dividends on Series A Preferred Stock | — | | | (2,707) | | | | | | | | | | | | | | Net loss attributable to common stockholders | $ | (76,416) | | | $ | (7,584) | | | | Weighted average shares outstanding — basic | 18,087 | | | 14,109 | | | | Basic net loss per share | $ | (4.22) | | | $ | (0.54) | | | | | | | | | Diluted net loss per common share calculation: | | | | | | Net loss attributable to common stockholders | $ | (76,416) | | | $ | (7,584) | | | | Weighted average shares outstanding — diluted | 18,087 | | | 14,109 | | | | Diluted net loss per share | $ | (4.22) | | | $ | (0.54) | | |
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| Schedule of Weighted-Average Shares Not Included in Computation of Net Income (Loss) per Share |
The following weighted-average shares of securities were not included in the computation of diluted net loss per common share as their effect would have been antidilutive: | | | | | | | | | | | | | | | Years Ended December 31, | | (shares in thousands) | 2025 | | 2024 | | | Series A Preferred Stock (if converted) | 1,281 | | | 1,256 | | | | | Warrants | 1,031 | | | 1,031 | | | | | Restricted stock awards | 765 | | | 941 | | | | | Restricted stock units | 145 | | | 4 | | | | | Stock options | 10 | | | 10 | | | | | Total | 3,232 | | | 3,242 | | | |
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