Sonida Senior Living, Inc. (formerly Capital Senior Living Corporation) is a prominent player in the U.S. senior housing sector, dedicated to providing quality living options for older adults. As of December 31, 2021, the company managed and operated 75 senior living communities across 18 states, accommodating approximately 9,500 residents. However, ...Sonida Senior Living, Inc. (formerly Capital Senior Living Corporation) is a prominent player in the U.S. senior housing sector, dedicated to providing quality living options for older adults. As of December 31, 2021, the company managed and operated 75 senior living communities across 18 states, accommodating approximately 9,500 residents. However, recent expansions and strategic mergers have grown its portfolio to over 160 communities with more than 16,500 units across 35 states. The company's services include independent living with comprehensive amenities such as daily meals, transportation, social programs, and housekeeping, as well as assisted living with personal care support for daily activities, medication management, and specialized memory care for residents with dementia. Additionally, Sonida facilitates access to home care services through external partners. Headquartered in Dallas, Texas, the company was founded in 1990 and rebranded to its current name in November 2021 after a significant investment from Conversant Capital. Under the leadership of CEO Brandon Ribar, Sonida focuses on maintaining a strong financial position, though recent financial metrics indicate challenges, with a negative net profit margin and enterprise value to EBITDA ratio high, reflecting the capital-intensive nature of the senior living industry. The company emphasizes providing quality services at affordable prices, aiming to enhance residents' quality of life. With a workforce of approximately 3,423 full-time employees, Sonida continues to pursue growth through strategic acquisitions and operational excellence, positioning itself as a key player in the senior living market.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$381.1M
+25.2%
+69.3%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-70.8M
-3337.5%
+40.7%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
-8.0%
-108.9%
+394.3%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-15.3%
-213.3%
+88.7%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-18.6%
-2644.7%
+65.0%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-8.9M
+66.9%
+91.3%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-2.3%
+73.6%
+94.9%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
1346.2%
+154.3%
-0.4%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
0.74x
-12.6%
+100.4%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Hello, everyone. Thank you for joining us and welcome to the Sonida Senior Living Second Quarter 26 Earnings Call. After today's prepared remarks, we will host a question and answer session. To withdraw your question, press 1 again. I will now hand the conference over to Megan Caldwell, VP of Investor Relations. Megan? Please go ahead.
Megan Caldwell: Thank you, operator. All statements made today, 08/10/2026, which are not historical facts, are forward looking statements within the meaning of federal securities laws. The company expressly disclaims any obligation to update these statements in the future except as required by law. Actual results or performance may differ materially from forward looking statements. Certain factors that could cause actual results to differ are detailed in the earnings release that the company issued earlier today. As well as in the reports that the company files with the SEC including the risk factors contained in the annual report on Form 10 k And quarterly reports on Form 10 Q. Please see today's press release for the full Safe Harbor and forward looking statements which may be found in the Form 8-K filing from this morning or at the company's Investor Relations page found at investors.sonidaseniorliving.com. As previously disclosed, the company completed its acquisition of CNL Health Properties Inc, or CHP, on 03/11/2026. Unless otherwise specifically noted or the context otherwise requires, the financial and operating results we are discussing today and that are included in our earnings release and presentation, represent the combined company on a pro forma basis for any period presented in which we did not own CHP for the full period, including CHP as if the acquisition had closed on the first day of the period. We believe this pro forma information provides a meaningful method of comparing the performance of the combined business over historical periods. This pro forma information giving effect to the CHP acquisition has not been prepared in compliance with article 11 of regulation SX and does not reflect the actual results we may have achieved had the CHP acquisition occurred on the first day of the applicable period. And may not be predictive of future results. Please note that our GAAP financials reflect CHP's results from the closing date only, and our second quarter 26 financials reflect CHP for the full period without any adjustment. See the disclaimer slide in our presentation for additional information about the preparation of and the limitations associated with this pro forma financial information. Please also note that during this call, the company will present non GAAP financial measures. For reconciliations of these non GAAP measures to the most comparable GAAP measure, please see today's earnings release and presentation. If you would like to follow along during today's call, you can find Sonida second quarter 26 earnings presentation in the Investor Relations section of the company's …