Summit Healthcare REIT earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 12, 2026
Q2 2026 Revenue up 0% year over year to $3.3M · 5¢ of every $1 of revenue lost · operating margin 1.4%
Summit Healthcare REIT made $3.3M in Q2 2026 (+0.3% Y/Y). Operating margin 1.4%, net loss $163K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 12, 2026.
Revenue$3.3M
Year over year+0.3%
Operating margin1.4%
Net earnings−$163K
Operating cash flow−$87K
Drawing the Sankey…
Open the interactive Sankey →click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $3.3M in Q2 2026, roughly flat year over year and up 7% from the previous quarter.
Operating profit was $47K, a 1.4% margin (down 7.0 points year over year). Operating profit fell $227K even though revenue rose $10K versus Q2 2025, so costs grew faster than sales. Total costs grew 8% against flat revenue. The fastest-growing cost line was General & admin (+33%). The quarter ended with a net loss of $163K, narrower than the previous quarter's $1.2M loss. Net interest and other expense of $210K was the main reason.
Operating cash flow was −$87K. Non-cash charges added back $365K of depreciation and amortization and $4K of share-based compensation. Working capital and other items used $293K.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q2 2026
10-Q
Aug 12, 2026
$3.3M
+0.3%
1.4%
−$163K
−$87K
Q1 2026
10-Q
May 13, 2026
$3.0M
-7%
-29.9%
−$1.2M
−$37K
Q4 2025
10-K
Mar 27, 2026
$3.1M
-4%
-10.9%
$1.4M
$205K
Q3 2025
10-Q
Nov 13, 2025
$3.2M
-11%
0.0%
−$272K
$667K
Q2 2025
10-Q
Aug 13, 2025
$3.2M
-14%
8.4%
$284K
$462K
Q1 2025
10-Q
May 14, 2025
$3.3M
-43%
-4.4%
−$406K
−$173K
Q4 2024
10-K
Mar 26, 2025
$3.3M
-30%
91.5%
$543K
−$736K
Charts
Latest (Q2 2026): Y/Y +0%, Q/Q +7%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q2 2026): Net income −$163K, Operating cash flow −$87K.+0.2% since FY2020: more shares outstanding (issuance, stock pay).Cash $23.7M, short-term investments —, long-term debt $41.4M at 2025-12-31.Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
Summit Healthcare REIT, Inc. (“Summit”), a Maryland corporation, formed in 2004, invests in and owns real estate. We continue to qualify as a real estate investment trust (“REIT”) for federal tax purposes. We are structured as an umbrella partnership REIT, referred to as an “UPREIT,” under which substantially all of our business is conducted through Summit Healthcare Operating Partnership, L.P. (“Operating Partnership”). We are self-managed and have employees to directly manage our operations. At December 31, 2025, we own a 99.88% general partner interest in the Operating Partnership while Cornerstone Realty Advisors, LLC (“CRA”), a former affiliate, owns a 0.12% limited partnership interest.
In its own words, from its 10-K, filed Mar 27, 2026.
Summit Healthcare REIT against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +0.3% against the peers' median +11%. Operating margin: 1.4% against the peers' median 15.9%.