Filing Flows › Janus Living (JAN) › Q3 2026 › vs Q3 2025
Janus Living (JAN) Q3 2026 vs Q3 2025 (year over year)
Janus Living's revenue rose $118M (+78%) from $150M in Q3 2025 to $268M in Q3 2026. The biggest changes: Room and rents +$99.6M (+85%); Non-refundable entrance fee amortization +$12.6M (+143%); Ancillary and other services +$5.6M (+23%).
Janus Living, Q3 2026: revenue $268M (+78% year over year), operating margin -4.8%, net loss $5.6M, operating cash flow $112M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 27.9% | -10.1% | +38.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Room and rents | $217M | $117M | $99.6M | +85% |
| Ancillary and other services | $29.8M | $24.2M | $5.6M | +23% |
| Non-refundable entrance fee amortization | $21.4M | $8.8M | $12.6M | +143% |
| Revenue | $268M | $150M | $118M | +78% |
| Other income, net | $8.3M | $894K | $7.4M | +826% |
| Net loss | $5.6M | −$1.4M | $7.0M | — |
| Costs & expenses | $282M | $151M | $131M | +86% |
| Operating costs | $281M | $148M | $133M | +90% |
| Income tax | $891K | $1.6M | −$685K | -43% |
| Operating cash sources | $117M | $22.3M | $95.1M | +426% |
| Depreciation & amortization | $78.7M | $30.9M | $47.8M | +155% |
| Share-based compensation | $360K | $0 | $360K | — |
| Working capital & other | $38.4M | −$8.6M | $47.0M | — |
| Net loss absorbed | $5.6M | −$1.4M | $7.0M | — |
| Operating cash flow | $112M | $23.7M | $88.1M | +371% |
| Free cash flow (OCF − capex) | $75.0M | −$15.2M | $90.1M | — |
| Capital expenditures | $36.9M | $38.9M | −$2.0M | -5% |
Questions
How much did Janus Living's revenue grow year over year in Q3 2026?
Janus Living's revenue rose $118M (+78%) from $150M in Q3 2025 to $268M in Q3 2026.
What drove Janus Living's revenue change in Q3 2026?
Room and rents +$99.6M (+85%); Non-refundable entrance fee amortization +$12.6M (+143%); Ancillary and other services +$5.6M (+23%).