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Net Income (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2025

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 income (loss) per share (in thousands, except for per share amounts):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2025						2024						2025						2024
Basic net income (loss) per common share calculation:
Net income (loss) attributable to Sonida shareholders			$	(26,911)					$	(13,758)					$	(41,003)					$	3,445
Less: Dividends on Series A Preferred Stock			(1,410)						(1,409)						(4,228)						(1,409)
Less: Undeclared dividends on Series A Preferred Stock			—						—						—						(2,707)
Net loss attributable to common shareholders			$	(28,321)					$	(15,167)					$	(45,231)					$	(671)
Weighted average shares outstanding — basic			18,103						15,456						18,081						12,787
Basic net loss per share			$	(1.56)					$	(0.98)					$	(2.50)					$	(0.05)
Diluted net income (loss) per common share calculation:
Net loss attributable to common shareholders			$	(28,321)					$	(15,167)					$	(45,231)					$	(671)
Weighted average shares outstanding — diluted			18,103						15,456						18,081						12,787
Diluted net loss per share			$	(1.56)					$	(0.98)					$	(2.50)					$	(0.05)

			Three Months Ended September 30,												Nine Months Ended September 30,
(shares in thousands)			2025						2024						2025						2024
Weighted average shares outstanding - diluted reconciliation:
Weighted average shares outstanding — basic			18,103						15,456						18,081						12,787
Weighted average shares outstanding — diluted			18,103						15,456						18,081						12,787

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 September 30,												Nine Months Ended September 30,
(shares in thousands)						2025						2024						2025						2024
Warrants						1,031						1,031						1,031						1,031
Series A Preferred Stock (if converted)						1,281						1,281						1,281						1,259
Restricted stock awards						712						1,000						793						898
Restricted stock units						233						5						118						4
Stock options						10						10						10						10
Total						3,267						3,327						3,233						3,202

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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