Q3 2026 Revenue up 31% year over year to $250M · 11¢ of every $1 of revenue kept as net profit · operating margin 11.5%
Sabra Health Care REIT made $250M in Q3 2026 (+31% Y/Y). Operating margin 11.5%, net earnings $28.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 2, 2026.
Revenue$250M
Year over year+31%
Operating margin11.5%
Net earnings$28.6M
Operating cash flow$129M
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 $249.6M in Q3 2026, up 31% year over year and up 6% from the previous quarter.
Operating profit was $28.6M, a 11.5% margin (down 0.6 points year over year). Of the extra revenue versus Q3 2025, 10% reached operating profit, below the 12% margin then. Total costs grew 32% against revenue growth of 31%. The fastest-growing cost line was Other operating costs (+33%). Net earnings were $28.6M, up 27% year over year. The effective tax rate was 0.2%.
Operating cash flow was $129.0M (up 29% year over year), 452% of net earnings. Non-cash charges added back $64.8M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items added $31.7M.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q3 2026
10-Q
Nov 2, 2026
$250M
+31%
11.5%
$28.6M
$129M
Q2 2026
10-Q
Aug 3, 2026
$236M
+25%
-10.4%
−$25.2M
$85.8M
Q1 2026
10-Q
Apr 29, 2026
$222M
+21%
18.6%
$40.8M
$98.4M
Q4 2025
10-K
Feb 12, 2026
$212M
+16%
13.0%
$27.1M
$87.4M
Q3 2025
10-Q
Nov 5, 2025
$190M
+7%
12.1%
$22.5M
$100M
Q2 2025
10-Q
Aug 4, 2025
$189M
+7%
34.9%
$65.5M
$81.0M
Q1 2025
10-Q
May 5, 2025
$184M
+10%
22.2%
$40.3M
$80.3M
Charts
Latest (Q3 2026): Y/Y +31%, Q/Q +6%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q3 2026): Net income $28.6M, Operating cash flow $129M.+18.0% since FY2020: more shares outstanding (issuance, stock pay).Cash $71.5M, short-term investments —, long-term debt $2.5B at 2025-12-31.Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
We operate as a self-administered, self-managed REIT that, through our subsidiaries, owns and invests in real estate serving the healthcare industry. Our primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector. We primarily generate revenues by leasing properties to tenants and owning properties operated by third-party property managers throughout the United States (“U.S.”) and Canada.
In its own words, from its 10-K, filed Feb 12, 2026.
Sabra Health Care REIT against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +31% against the peers' median +14%. Operating margin: 11.5% against the peers' median 15.9%.