v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Total revenues $ 207,648 $ 93,525 $ 330,280 $ 185,448
Expenses:        
Operating expense 135,030 61,420 217,706 121,834
General and administrative expense 14,351 9,729 24,814 18,201
Transaction, transition and restructuring costs 4,775 461 30,869 1,071
Depreciation and amortization expense 43,183 13,646 63,143 27,332
Managed community reimbursement expense 10,934 10,546 22,299 22,153
Third-party property management fees 4,836 0 5,884 0
Total expenses 213,109 95,802 364,715 190,591
Other income (expense):        
Interest income 321 986 540 1,228
Interest expense (22,508) (9,271) (35,341) (18,717)
Gain on extinguishment of debt, net 3,871 0 3,871 0
Loss from equity method investment (604) (383) (812) (713)
Other income (expense), net (15) 9,063 539 8,513
Loss before provision for income taxes (24,396) (1,882) (65,638) (14,832)
Provision for income taxes (325) (91) (533) (166)
Net loss (24,721) (1,973) (66,171) (14,998)
Less: Net loss attributable to noncontrolling interests 257 410 479 906
Net loss attributable to Sonida shareholders (24,464) (1,563) (65,692) (14,092)
Dividends on Series A convertible preferred stock 0 (1,409) (1,093) (2,818)
Deemed dividend on induced conversion of Series A convertible preferred stock 0 0 (19,069) 0
Net loss attributable to common shareholders $ (24,464) $ (2,972) $ (85,854) $ (16,910)
Weighted average common shares outstanding — basic (in shares) 46,806 18,093 35,987 18,070
Weighted average common shares outstanding — diluted (in shares) 46,806 18,093 35,987 18,070
Basic net loss per share - common shareholders (in USD per share) $ (0.52) $ (0.16) $ (2.39) $ (0.94)
Diluted net loss per share - common shareholders (in USD per share) $ (0.52) $ (0.16) $ (2.39) $ (0.94)
Resident revenue        
Revenues:        
Total revenues $ 188,023 $ 81,845 $ 296,450 $ 161,100
Rental income        
Revenues:        
Total revenues 7,506 0 9,201 0
Management fee income        
Revenues:        
Total revenues 1,185 1,134 2,330 2,195
Managed community reimbursement revenue        
Revenues:        
Total revenues $ 10,934 $ 10,546 $ 22,299 $ 22,153