Forensic Analysis · Healthcare / Pharmaceuticals / Biotech · as of Aug 11, 2026
Sonida Senior Living, Inc. (SNDA)
A forensic read on Sonida Senior Living, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
F · Poor — capital at risk
Forensic grade
Distress
Financial health
-0.1
Distress distance
Clean
Earnings quality
4
Forensic signals
-6.9
P / E (ttm)
$1.9B
Market cap
0.28%
Dividend yield
25.2%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Sonida Senior Living, Inc. earns an F (Poor — capital at risk) forensic quality grade, and its balance-sheet distress test reads -0.1, placing it in the Distress zone. 4 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-7.7%
FY2025
Return on invested capital.Return on invested capital is -7.7% in the latest fiscal year and slipping from -3% — well below its ~10% cost of capital, so reinvested dollars may be destroying value, not building it.
1.3% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 1.3% of revenue in FY2025 — about $0.28 per diluted share. The cost of it is not in the cash flow — no cash left the business — it is in the count: holders gave up about 23.4% of the company a year, and that rate is not falling. That is the figure to weigh, not the share of free cash flow.
FCF ($10M)
FY2016
Shareholder returns.Returned $2M to shareholders (buybacks + dividends) in FY2016, but free cash flow was ($10M) after capex — there was no free cash flow to fund the payout from at all, though operating cash flow alone was $52M — 5% of that. The entire return is coming from debt or cash reserves, not cash the business itself generated — a harder case than returns merely running ahead of free cash flow, since here there was none to run ahead of.
n/m (stock split)
FY2022–FY2025
Share count (stock split).Diluted share count changed +184% over the last 3 years to FY2025, but that includes a large one-time change around FY2024 consistent with a stock split or reverse split, not gradual buybacks or issuance — a split changes the count with NO effect on any holder's proportional ownership, so the raw +41.7%/yr figure isn't a real buyback/dilution read here.
Key fundamentals
Latest Revenue$381.1M
Revenue Growth YoY+25.2%
Revenue CAGR (3yr)+16.9%
Net Margin-18.6%
Free Cash Flow-$8.9M
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Sonida Senior Living, Inc.'s actual 10-K/10-Q/8-K filings?