Filing Flows › Brookdale Senior Living (BKD) › Q1 2025
Brookdale Senior Living (BKD) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Brookdale Senior Living (BKD) reported revenue of $814M for the first quarter 2025 (Q1 2025), +4% from a year earlier and +4% from the quarter before. Operating margin was 3.6%, net loss $65.0M (8.0% of revenue).
Brookdale Senior Living, Q1 2025: revenue $814M (+4% year over year), operating margin 3.6%, net loss $65.0M, operating cash flow $23.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $814M | +4% | +4% |
| Operating profit | $29.6M | — | — |
| Net earnings | −$65.0M | — | — |
| Operating cash flow | $23.4M | -48% | — |
| Free cash flow | $3.8M | — | — |
What changed
Revenue was $813.9M in Q1 2025, up 4% year over year and up 4% from the previous quarter. Resident fees was the largest line at 96% of revenue. Resident fees added $33.2M year over year (up 4%), 107% of the total change. Reimbursed costs incurred on behalf of managed communities declined 6%.
Gross margin was 27.4%, up 1.3 points from a year earlier. Operating profit was $29.6M, a 3.6% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 33% reached operating profit, above the 2% margin then. Operating expenses grew 5% against revenue growth of 4%. The quarter ended with a net loss of $65.0M, narrower than the previous quarter's $83.9M loss. Net interest and other expense of $95.2M was the main reason.
Operating cash flow was $23.4M. Non-cash charges added back $94.6M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items used $10.2M. After non-development capital expenditures, net ($17.3M) and changes in assets and liabilities for lessor capital expenditure reimbursements under operating leases ($2.0M) and payment of financing lease obligations ($289K), adjusted free cash flow as the company reports it was $3.8M.
Questions
What was Brookdale Senior Living's revenue in the first quarter 2025?
Brookdale Senior Living (BKD) reported revenue of $814M for the first quarter 2025 (Q1 2025), +4% from a year earlier and +4% from the quarter before.
Was Brookdale Senior Living profitable in the first quarter 2025?
Operating profit was $29.6M (3.6% of revenue) and net loss $65.0M.