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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Total revenues $ 93,525 $ 70,207 $ 185,448 $ 137,645
Expenses:        
Operating expense 61,420 45,981 121,834 92,298
General and administrative expense 9,729 8,713 18,201 15,525
Transaction, transition and restructuring costs 461 465 1,071 864
Depreciation and amortization expense 13,646 10,067 27,332 20,002
Managed community reimbursement expense 10,546 6,379 22,153 12,486
Total expenses 95,802 71,605 190,591 141,175
Other income (expense):        
Interest income 986 387 1,228 526
Interest expense (9,271) (8,964) (18,717) (17,555)
Gain on extinguishment of debt, net 0 0 0 38,148
Loss from equity method investment (383) (35) (713) (35)
Other income (expense), net 9,063 253 8,513 (226)
Income (loss) before provision for income taxes (1,882) (9,757) (14,832) 17,328
Provision for income taxes (91) (59) (166) (125)
Net income (loss) (1,973) (9,816) (14,998) 17,203
Less: Net loss attributable to noncontrolling interests 410 0 906 0
Net income (loss) attributable to Sonida shareholders (1,563) (9,816) (14,092) 17,203
Dividends on Series A convertible preferred stock (1,409) 0 (2,818) 0
Undeclared dividends on Series A convertible preferred stock 0 (1,372) 0 (2,707)
Undistributed net income allocated to participating securities 0 0 0 (1,425)
Net income (loss) attributable to common shareholders $ (2,972) $ (11,188) $ (16,910) $ 13,071
Weighted average common shares outstanding — basic (in shares) 18,093 13,014 18,070 11,438
Weighted average common shares outstanding — diluted (in shares) 18,093 13,014 18,070 12,143
Basic net income (loss) per share - common shareholders (in USD per share) $ (0.16) $ (0.86) $ (0.94) $ 1.14
Diluted net income (loss) per share - common shareholders (in USD per share) $ (0.16) $ (0.86) $ (0.94) $ 1.08
Resident revenue        
Revenues:        
Total revenues $ 81,845 $ 63,108 $ 161,100 $ 123,845
Management fees        
Revenues:        
Total revenues 1,134 720 2,195 1,314
Managed community reimbursement revenue        
Revenues:        
Total revenues $ 10,546 $ 6,379 $ 22,153 $ 12,486