SONIDA SENIOR LIVING, INC.
For the period ended Dec 31, 2025. Filed Mar 12, 2026.
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FY2025 · Filed Mar 12, 2026
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Consolidated Balance Sheets — December 31, 202 and
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets: | ||
| Current assets: | ||
| Cash and cash equivalents | $11,008 | $16,992 |
| Restricted cash | 19,264 | 22,095 |
| Accounts receivable, net of allowance for credit losses of $2.6 million and $7.9 million, respectively | 18,611 | 18,965 |
| Prepaid expenses and other assets | 6,373 | 4,634 |
| Assets held for sale | 9,453 | — |
| Derivative assets | 8 | 1,403 |
| Deferred issuance costs | 13,163 | — |
| Total current assets | 77,880 | 64,089 |
| Property and equipment, net | 736,188 | 739,884 |
| Investment in unconsolidated entity | 8,789 | 10,943 |
| Intangible assets, net | 19,743 | 24,526 |
| Other assets, net | 2,245 | 2,479 |
| Total assets (a) | $844,845 | $841,921 |
| Liabilities: | ||
| Current liabilities: | ||
| Accounts payable | $4,705 | $9,031 |
| Accrued expenses | 71,663 | 45,024 |
| Current portion of debt, net of deferred loan costs | 7,291 | 15,486 |
| Deferred income | 7,275 | 5,361 |
| Federal and state income taxes payable | 292 | 243 |
| Liabilities held for sale | 13,529 | — |
| Other current liabilities | 379 | 470 |
| Total current liabilities | 105,134 | 75,615 |
| Long-term debt, net of deferred loan costs | 682,450 | 635,904 |
| Other long-term liabilities | 1,006 | 793 |
| Total liabilities (a) | 788,590 | 712,312 |
| Commitments and contingencies (Note 13) | ||
| Redeemable preferred stock: | ||
| Series A convertible preferred stock, $0.01 par value; 41 shares authorized, 41 shares issued and outstanding as of December 31, 2025 and 2024 | 51,249 | 51,249 |
| Equity: | ||
| Sonida’s shareholders’ equity (deficit): | ||
| Preferred stock, $0.01 par value: | ||
| Authorized shares — 15,000 as of December 31, 2025 and 2024; none issued or outstanding, except Series A convertible preferred stock as noted above | — | — |
| Common stock, $0.01 par value: | ||
| Authorized shares — 30,000 as of December 31, 2025 and 2024; 18,770 and 18,992 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 188 | 190 |
| Additional paid-in capital | 490,804 | 491,819 |
| Retained deficit | (491,003) | (420,224) |
| Total Sonida shareholders’ equity (deficit) | (11) | 71,785 |
| Noncontrolling interest: | 5,017 | 6,575 |
| Total equity | 5,006 | 78,360 |
| Total liabilities, redeemable preferred stock and equity | $844,845 | $841,921 |
(a)The consolidated balance sheets include the following amounts related to our consolidated Variable Interest Entity (VIE): $1.8 million and $5.0 million of Cash and cash equivalents; $2.0 million and $1.5 million of Restricted cash; $0.4 million and $0.3 million of Accounts receivable, net; $28.8 million and $27.8 million of Property and equipment, net; $2.8 million and $4.7 million of Intangible assets, net; $1.0 million and $5.4 million of Accounts payable; $0.7 million and $0.9 million of Accrued expenses; $0.3 million and $0.2 million of Deferred income; $21.5 million and $21.3 million of Debt, net of deferred loan costs; and $0.1 million and $0.2 million of Other long-term liabilities, in each case, as of December 31, 2025 and 2024, respectively.
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