Filing Flows › Sabra Health Care REIT (SBRA) › Q3 2025
Sabra Health Care REIT (SBRA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Sabra Health Care REIT (SBRA) reported revenue of $190M for the third quarter 2025 (Q3 2025), +7% from a year earlier and +0.5% from the quarter before. Operating margin was 12.1%, net earnings $22.5M (11.8% of revenue).
Sabra Health Care REIT, Q3 2025: revenue $190M (+7% year over year), operating margin 12.1%, net earnings $22.5M, operating cash flow $100M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $190M | +0.5% | +7% |
| Operating profit | $23.0M | -65% | -22% |
| Net earnings | $22.5M | -66% | -24% |
| Operating cash flow | $100M | +23% | +2% |
What changed
Revenue was $190.0M in Q3 2025, up 7% year over year and roughly flat from the previous quarter.
Operating profit was $23.0M, a 12.1% margin (down 4.5 points year over year). Operating profit fell $6.6M even though revenue rose $12.0M versus a year earlier, so costs grew faster than sales. Total costs grew 13% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+14%). Net earnings were $22.5M, down 24% year over year. The effective tax rate was 1.9%.
Operating cash flow was $100.0M (up 2% year over year), 444% of net earnings. Non-cash charges added back $48.5M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items added $26.1M.
Questions
What was Sabra Health Care REIT's revenue in the third quarter 2025?
Sabra Health Care REIT (SBRA) reported revenue of $190M for the third quarter 2025 (Q3 2025), +7% from a year earlier and +0.5% from the quarter before.
Was Sabra Health Care REIT profitable in the third quarter 2025?
Operating profit was $23.0M (12.1% of revenue) and net earnings $22.5M.