Filing Flows › Brookdale Senior Living (BKD) › Q2 2025
Brookdale Senior Living (BKD) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Brookdale Senior Living (BKD) reported revenue of $813M for the second quarter 2025 (Q2 2025), +5% from a year earlier and -0.1% from the quarter before. Operating margin was 1.8%, net loss $43.0M (5.3% of revenue).
Brookdale Senior Living, Q2 2025: revenue $813M (+5% year over year), operating margin 1.8%, net loss $43.0M, operating cash flow $83.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $813M | -0.1% | +5% |
| Operating profit | $14.9M | -50% | — |
| Net earnings | −$43.0M | — | — |
| Operating cash flow | $83.6M | +257% | +50% |
| Free cash flow | $19.9M | — | — |
What changed
Revenue was $812.9M in Q2 2025, up 5% year over year and roughly flat from the previous quarter. Resident fees was the largest line at 95% of revenue. Resident fees added $35.9M year over year (up 5%), 101% of the total change. Reimbursed costs incurred on behalf of managed communities declined 1%.
Gross margin was 26.6%, up 0.2 points from a year earlier. Operating profit was $14.9M, a 1.8% margin (down 0.6 points year over year). Operating profit fell $4.3M even though revenue rose $35.4M versus a year earlier, so costs grew faster than sales. Operating expenses grew 8% against revenue growth of 5%. The fastest-growing cost line was General & admin (+18%). The quarter ended with a net loss of $43.0M, narrower than the previous quarter's $65.0M loss. Net interest and other expense of $58.2M was the main reason.
Operating cash flow was $83.6M (up 50% year over year). Non-cash charges added back $96.6M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items added $26.9M. After non-development capital expenditures, net ($46.7M) and changes in assets and liabilities for lessor capital expenditure reimbursements under operating leases ($9.3M) and changes in prepaid insurance premiums financed with notes payable ($7.3M) and payment of financing lease obligations ($297K), adjusted free cash flow as the company reports it was $19.9M.
Questions
What was Brookdale Senior Living's revenue in the second quarter 2025?
Brookdale Senior Living (BKD) reported revenue of $813M for the second quarter 2025 (Q2 2025), +5% from a year earlier and -0.1% from the quarter before.
Was Brookdale Senior Living profitable in the second quarter 2025?
Operating profit was $14.9M (1.8% of revenue) and net loss $43.0M.