Logo

BKD

Brookdale Senior Living Inc.

BKD

Brookdale Senior Living Inc. • NYSE
$11.13 ▲ 0.09% (+0.01)
Market Cap $2.64 B
52w High $11.38
52w Low $4.45
Dividend Yield 0%
P/E -8.43
Volume 1.21M
Outstanding Shares 237.53M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $777.838M ▼ $266.659M ▲ $-114.726M ▼ -14.749% ▼ $-0.48 ▼ $99.878M ▼
Q2-2025 $812.944M ▲ $201.013M ▲ $-43.024M ▲ -5.292% ▲ $-0.18 ▲ $112.653M ▼
Q1-2025 $780.074M ▲ $195.57M ▼ $-64.979M ▲ -8.33% ▲ $-0.28 ▲ $124.013M ▲
Q4-2024 $746.982M ▲ $196.226M ▲ $-83.922M ▼ -11.235% ▼ $-0.37 ▼ $104.724M ▲
Q3-2024 $746.405M $189.863M $-50.72M -6.795% $-0.22 $101.323M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $253.448M ▲ $6.013B ▼ $6.018B ▼ $-6.731M ▼
Q2-2025 $251.888M ▲ $6.141B ▼ $6.035B ▼ $105.379M ▼
Q1-2025 $239.731M ▼ $6.206B ▼ $6.058B ▼ $146.719M ▼
Q4-2024 $328.804M ▲ $6.336B ▲ $6.122B ▲ $212.475M ▼
Q3-2024 $284.412M $5.939B $5.645B $292.877M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-114.726M ▼ $76.525M ▼ $-34.195M ▲ $-34.565M ▼ $7.765M ▼ $76.525M ▲
Q2-2025 $-43.024M ▲ $83.564M ▲ $-50.399M ▲ $-25.759M ▼ $11.244M ▲ $29.089M ▲
Q1-2025 $-64.993M ▲ $23.402M ▼ $-326.755M ▼ $239.669M ▲ $-63.684M ▼ $-18.415M ▼
Q4-2024 $-83.922M ▼ $45.198M ▼ $-144.55M ▼ $147.147M ▲ $47.795M ▲ $-5.114M ▼
Q3-2024 $0 $66.455M $-58.113M $-38.801M $-30.459M $11.49M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Health Care Resident Service
Health Care Resident Service
 $740.00M ▲$780.00M ▲$780.00M ▲$780.00M ▲
Management Service
Management Service
 $0 ▲$0 ▲$0 ▲$0 ▲
Reimbursement Costs Managed Communities
Reimbursement Costs Managed Communities
 $30.00M ▲$30.00M ▲$30.00M ▲$40.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Brookdale’s income statement tells a story of gradual repair. Sales dipped during the pandemic and have been climbing back, now roughly in line with pre‑disruption levels. Profitability is improving: basic operating performance has moved from clear losses to small, positive operating income, and underlying cash earnings (as signaled by EBITDA) have strengthened each year. That said, the company is still reporting bottom‑line net losses, just smaller than in prior years. In plain terms, the core business is healing and more efficient than a few years ago, but it has not yet fully crossed the line into consistent, meaningful profitability for shareholders.

Balance Sheet

Balance Sheet The balance sheet shows a heavily leveraged business with a thin equity cushion. Total assets have edged down from earlier years, while debt remains high and equity has eroded over time, leaving a relatively small buffer to absorb shocks. Cash on hand has stayed fairly steady but not especially large relative to the size of the business. This structure underscores financial risk: Brookdale has meaningful obligations and limited balance‑sheet flexibility, so continued improvement in operations and careful capital management are particularly important.

Cash Flow

Cash Flow Cash flow has moved from a weak spot toward something more stable, but it remains tight. Operating cash flow was negative a few years ago and has shifted into modestly positive territory, showing that the business is again generating cash from its day‑to‑day operations. However, once ongoing spending on properties and maintenance is factored in, free cash flow has only just approached breakeven. The trend is positive, but there is not yet a comfortable cash cushion, and the room for error remains limited.

Competitive Edge

Competitive Edge Brookdale holds an important position as the largest senior living operator in the country, with a broad national footprint and a well‑known brand. Its ability to offer a full continuum of care—from independent living through assisted living and memory care—creates stickiness for residents and families who prefer to “age in place.” Scale gives it purchasing power, operational knowledge, and brand visibility that many regional players cannot easily match. At the same time, the company operates in a challenging industry with labor pressures, regulatory complexity, and sensitivity to occupancy and pricing, which can all strain margins even for a market leader.

Innovation and R&D

Innovation and R&D Brookdale appears to lean heavily on service and technology innovation rather than traditional lab‑style R&D. Programs like Brookdale HealthPlus aim to coordinate care more proactively, reduce hospital visits, and align with value‑based healthcare, while EngagementPlus and other digital tools are designed to enhance resident connection and reduce isolation. Partnerships around cognitive engagement and dementia care add specialized capabilities. On the business side, the company is reshaping its portfolio, pushing more localized leadership, and using more dynamic pricing to lift occupancy and profitability. These efforts suggest a focused attempt to blend technology, data, and operating changes to differentiate its communities and improve both outcomes and economics.

Summary

Brookdale Senior Living is in the midst of a slow but noticeable turnaround. Revenue has recovered from pandemic lows and operating results are improving, though the company still posts net losses and only thin free cash flow. Its balance sheet carries considerable debt and relatively little equity, heightening financial risk and making ongoing operational progress critical. Competitively, Brookdale’s national scale, broad range of care offerings, and recognized brand position it well in a growing senior population market, but industry cost and occupancy challenges remain significant. The company’s push into tech‑enabled care coordination, resident engagement programs, portfolio optimization, and more agile regional management shows a clear strategic direction. Future performance will likely hinge on whether these initiatives can consistently translate into higher occupancy, stronger margins, and a more resilient financial foundation.

NEWS

November 18, 2025 · 4:15 PM UTC

BROOKDALE ANNOUNCES CHIEF OPERATING OFFICER

Read more

November 11, 2025 · 7:56 AM UTC

Brookdale Senior Living Honors Veterans with Donation to Folds of Honor

Read more

November 6, 2025 · 4:15 PM UTC

Brookdale Announces Third Quarter 2025 Results and Increases Adjusted EBITDA Annual Guidance

Read more

October 22, 2025 · 4:15 PM UTC

Brookdale Announces Third Quarter 2025 Earnings Release and Conference Call Dates

Read more

October 8, 2025 · 4:15 PM UTC

Brookdale Reports September 2025 Occupancy

Read more