v3.26.1
Net Income (Loss) Per Share (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share
The following table sets forth the computation of basic and diluted net loss per share (in thousands, except for per share amounts):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Basic net loss per common share calculation:
Net loss attributable to Sonida shareholders$(24,464)$(1,563)$(65,692)$(14,092)
Less: Dividends on Series A Preferred Stock— (1,409)(1,093)(2,818)
Less: Deemed dividend on induced conversion of Series A convertible preferred stock— — (19,069)— 
Net loss attributable to common shareholders$(24,464)$(2,972)$(85,854)$(16,910)
Weighted average shares outstanding — basic
46,806 18,093 35,987 18,070 
Basic net loss per share$(0.52)$(0.16)$(2.39)$(0.94)
Diluted net loss per common share calculation:
Net loss attributable to common shareholders$(24,464)$(2,972)$(85,854)$(16,910)
Weighted average shares outstanding — diluted46,806 18,093 35,987 18,070 
Diluted net loss per share$(0.52)$(0.16)$(2.39)$(0.94)

Three Months Ended June 30,Six Months Ended June 30,
(shares in thousands)2026202520262025
Weighted average shares outstanding - diluted reconciliation:
Weighted average shares outstanding — basic
46,806 18,093 35,987 18,070 
Weighted average shares outstanding — diluted46,806 18,093 35,987 18,070 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following weighted-average shares of securities were not included in the computation of diluted net income (loss) per common share as their effect would have been antidilutive:
Three Months Ended June 30,Six Months Ended June 30,
(shares in thousands)2026202520262025
Warrants1,0311,0311,0311,031
Series A Preferred Stock (if converted)—1,2816111,281
Restricted stock awards557784607834
Restricted stock units1,5551131,02460
Stock options10101010
Total3,1533,2193,2833,216