Filing Flows › Sabra Health Care REIT (SBRA) › Q4 2025
Sabra Health Care REIT (SBRA) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 12, 2026
Sabra Health Care REIT (SBRA) reported revenue of $212M for the fourth quarter 2025 (Q4 2025), +16% from a year earlier and +12% from the quarter before. Operating margin was 13.0%, net earnings $27.1M (12.8% of revenue).
Sabra Health Care REIT, Q4 2025: revenue $212M (+16% year over year), operating margin 13.0%, net earnings $27.1M, operating cash flow $87.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $212M | +12% | +16% |
| Operating profit | $27.6M | +20% | -41% |
| Net earnings | $27.1M | +21% | -42% |
| Operating cash flow | $87.4M | -13% | +9% |
What changed
Revenue was $211.9M in Q4 2025, up 16% year over year and up 12% from the previous quarter.
Operating profit was $27.6M, a 13.0% margin (down 12.8 points year over year). Operating profit fell $19.5M even though revenue rose $29.6M versus a year earlier, so costs grew faster than sales. Total costs grew 36% against revenue growth of 16%. The fastest-growing cost line was Other operating costs (+38%). Net earnings were $27.2M, down 42% year over year. The effective tax rate was 1.8%.
Operating cash flow was $87.4M (up 9% year over year), 322% of net earnings. Non-cash charges added back $51.4M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items added $5.8M.
Questions
What was Sabra Health Care REIT's revenue in the fourth quarter 2025?
Sabra Health Care REIT (SBRA) reported revenue of $212M for the fourth quarter 2025 (Q4 2025), +16% from a year earlier and +12% from the quarter before.
Was Sabra Health Care REIT profitable in the fourth quarter 2025?
Operating profit was $27.6M (13.0% of revenue) and net earnings $27.1M.