Filing Flows › Brookdale Senior Living (BKD) › Q3 2025
Brookdale Senior Living (BKD) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Brookdale Senior Living (BKD) reported revenue of $813M for the third quarter 2025 (Q3 2025), +4% from a year earlier and 0% from the quarter before. Operating margin was -6.6%, net loss $115M (14.1% of revenue).
Brookdale Senior Living, Q3 2025: revenue $813M (+4% year over year), operating margin -6.6%, net loss $115M, operating cash flow $76.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $813M | 0% | +4% |
| Operating profit | −$53.8M | -461% | — |
| Net earnings | −$115M | — | — |
| Operating cash flow | $76.5M | -8% | +15% |
| Free cash flow | $21.8M | — | — |
What changed
Revenue was $813.2M in Q3 2025, up 4% year over year and roughly flat from the previous quarter. Resident fees was the largest line at 95% of revenue. Resident fees added $31.4M year over year (up 4%), 108% of the total change. Reimbursed costs incurred on behalf of managed communities declined 6%.
Gross margin was 25.9%, up 0.7 points from a year earlier. Operating costs exceeded revenue by $53.8M, an operating margin of -6.6%. Operating expenses grew 41% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+50%). The quarter ended with a net loss of $114.7M, wider than the previous quarter's $43.0M loss. Net interest and other expense of $60.7M was the main reason.
Operating cash flow was $76.5M (up 15% year over year). Non-cash charges added back $98.5M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $90.1M. After non-development capital expenditures, net ($38.2M) and changes in assets and liabilities for lessor capital expenditure reimbursements under operating leases ($8.7M) and changes in prepaid insurance premiums financed with notes payable ($7.5M) and payment of financing lease obligations ($304K), adjusted free cash flow as the company reports it was $21.8M.
Questions
What was Brookdale Senior Living's revenue in the third quarter 2025?
Brookdale Senior Living (BKD) reported revenue of $813M for the third quarter 2025 (Q3 2025), +4% from a year earlier and 0% from the quarter before.
Was Brookdale Senior Living profitable in the third quarter 2025?
Operating loss was $53.8M (-6.6% of revenue) and net loss $115M.