Forensic Analysis · Healthcare / Pharmaceuticals / Biotech · as of Sep 25, 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.
D · Weak — demands caution
Forensic grade
Distress
Financial health
-0.3
Distress distance
Clean
Earnings quality
3
Forensic signals
-5.5
P / E (ttm)
$1.8B
Market cap
0.21%
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, going concern, valuation). 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 a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads -0.3, placing it in the Distress zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-3.6%
FY2025
Return on invested capital.Return on invested capital is -3.6% in the latest fiscal year and slipping across FY2023–FY2025 from 8.2%. After-tax operating profit was $46M in FY2023 and ($26M) in FY2025, with operating income at 22.7% of revenue in FY2023 and 22.6% in FY2024. The capital base behind it grew +32% across FY2023–FY2025, from $559M to $736M, while the return fell 11.8 points, so the dollars added over that window earned less than the 8.2% the older base was already earning. FY2025's operating profit carried a $16M restructuring charge that alone took about 1.7 points off that year's return, so about 1.7 of the 11.8-point fall across FY2023–FY2025 is that charge landing in the latest year rather than the capital earning less. FY2024's operating profit carried a $6M restructuring charge that alone took about 0.6 points off that year's return; FY2024 sits between the two ends of FY2023–FY2025, so the charge shapes the path between them without moving the change across it.
n/m (stock split)
FY2023–FY2025
Share count (stock split).Diluted share count changed +167% over the last 2 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 +63.3%/yr figure isn't a real buyback/dilution read here.
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. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 28.2% a year, above the level at which the count is a material claim on a stake, and only one year's change is on file — enough to state what a holder gave up, not enough to say whether the rate is climbing or coming down. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.
Key fundamentals
Latest Revenue$381.1M
Revenue Growth YoY+25.2%
Revenue CAGR (2yr)+22.2%
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?