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How Janus Living (JAN) makes money

Janus Living (JAN) made $268M of revenue in the third quarter 2026 (Q3 2026), +78% from a year earlier. Room and rents brought in $217M (81%); Ancillary and other services brought in $29.8M (11%); Non-refundable entrance fee amortization brought in $21.4M (8%).

Drawing the Sankey…

Janus Living revenue by segment, Q3 2026Janus Living revenue by segment, Q3 2026Room and rents$217MAncillary and other services$29.8MNon-refundable entrance fee amort…$21.4M
Janus Living: revenue by line, Q1 2026 to Q3 2026Janus Living: revenue by line, Q1 2026 to Q3 2026Room and rentsAncillary and other s…Non-refundable entran…Room and rents: $217M latest$217MAncillary and other services: $29.8M latest$29.8MNon-refundable entrance fee amortization: $21.4M latest$21.4MQ1 2026Q2 2026Q3 2026
Non-refundable entrance fee amortization went from 4% of revenue in Q1 2026 to 8% in Q3 2026, the largest shift in the mix.
Janus Living revenue by quarterJanus Living revenue by quarter$200MQ1 2026$216MQ2 2026$268MQ3 2026
Janus Living: where each dollar of revenue goesJanus Living: where each dollar of revenue goesIncome tax0¢Operating cash flow42¢Free cash flow28¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Room and rents$217M80.9%+28%+85%
Ancillary and other services$29.8M11.1%+7%+23%
Non-refundable entrance fee amortization$21.4M8.0%+10%+143%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$268M100.0%
Income tax$891K0.3%
Operating cash flow$112M41.7%
Free cash flow$75.0M27.9%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$268M+78%
Q2 2026$216M+45%
Q1 2026$200M+34%

From Janus Living's 10-Q filed Nov 3, 2026 (on EDGAR).

Questions

How does Janus Living make money?

Janus Living (JAN) made $268M of revenue in the third quarter 2026 (Q3 2026), +78% from a year earlier. Room and rents brought in $217M (81%); Ancillary and other services brought in $29.8M (11%); Non-refundable entrance fee amortization brought in $21.4M (8%).

What is Janus Living's biggest business?

Room and rents: $217M in the third quarter 2026, 81% of revenue, +85% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.