BKD on NYSE

Brookdale Senior Living

American healthcare company

Brookdale Senior Living Solutions owns and operates retirement homes across the United States. The company was established in 1978 and is based in Brentwood, Tennessee.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

1978Founded1

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  • TickerBKD on NYSE1
  • Industryretirement home1
  • HeadquartersBrentwood1
  • Websitewww.brookdale.com/en.html
  • Incorporated inDE4
  • Business address105 Westwood Place, Suite 400, Brentwood, Tn 370274
  • Filer categoryLarge accelerated filer4
Brookdale Senior Living image from its website
Image: brookdale.com6

Brookdale Senior Living Solutions owns and operates retirement homes across the United States. The company was established in 1978 and is based in Brentwood, Tennessee. It is the largest operator of senior housing in the United States, with over 51,000 residents as of December 31, 2025.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

26.2%Gross margin7
0.4%Operating margin7
-8.2%Net margin7
2.2%Revenue growth, 20257
$16.5MFree cash flow7

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs100¢$3.2B
  • Income tax0¢$2.0M

Out of $3.2B in revenue.7 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending92¢$201.5M
  • Kept or used elsewhere8¢$16.5M

Out of $218.0M of cash from operations.7

Financial statements

Revenue8910117$3.2B in 2025−21% since 2019
0$2.0B$4.0B$6.0B2019: $4.1B$4.1B20192020: $3.5B$3.5B2020−13%2021: $2.8B$2.8B2021−22%2022: $2.8B$2.8B2022+2%2023: $3.0B$3.0B2023+7%2024: $3.1B$3.1B2024+4%2025: $3.2B$3.2B2025+2%
Gross profit8910117$837.5M in 2025−4% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $876.5M$876.5M20192020: $797.1M$797.1M2020−9%2021: $501.0M$501.0M2021−37%2022: $594.4M$594.4M2022+19%2023: $746.7M$746.7M2023+26%2024: $799.3M$799.3M2024+7%2025: $837.5M$837.5M2025+5%
Operating income8910117$13.5M in 2025
-$300.0M-$200.0M-$100.0M0$100.0M2019: -$44.5M-$44.5M20192020: -$97.7M-$97.7M2020+120%2021: -$216.9M-$216.9M2021+122%2022: -$42.7M-$42.7M2022−80%2023: $18.4M$18.4M20232024: $46.5M$46.5M2024+153%2025: $13.5M$13.5M2025−71%
Net income8910117-$262.7M in 2025−2% since 2019
-$300.0M-$200.0M-$100.0M0$100.0M2019: -$267.9M-$267.9M20192020: $82.0M$82.0M20202021: -$99.3M-$99.3M20212022: -$238.4M-$238.4M2022+140%2023: -$189.0M-$189.0M2023−21%2024: -$201.9M-$201.9M2024+7%2025: -$262.7M-$262.7M2025+30%
Fiscal year2019202020212022202320242025
Revenue$4.1B8$3.5B9$2.8B10$2.8B11$3.0B7$3.1B7$3.2B7
Gross profit$876.5M8$797.1M9$501.0M10$594.4M11$746.7M7$799.3M7$837.5M7
Operating income-$44.5M8-$97.7M9-$216.9M10-$42.7M11$18.4M7$46.5M7$13.5M7
Interest$248.3M8$208.8M9$195.1M10$204.7M10$238.3M10
Income tax-$2.3M8$5.4M9-$8.2M10-$1.6M11$8.8M7$4.6M7-$2.0M7
Net income-$267.9M8$82.0M9-$99.3M10-$238.4M11-$189.0M7-$201.9M7-$262.7M7
Earnings per share-$1.448$0.459-$0.5410-$1.2511-$0.847-$0.897-$1.127
Earnings per share (diluted)-$1.448$0.449-$0.5410-$1.2511-$0.847-$0.897-$1.127

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The story

When Brookdale was established, it developed large upscale urban retirement communities in cities such as Chicago, New York, and Miami. The early communities replicated five-star hotels like the Hyatt, Marriott, and Hilton hotels of the modern era.

From the late 1990s to mid-2000s, Brookdale developed more communities that resembled earlier models, but also reflected changing retirement trends. The new communities included Continuous Care Retirement Communities (CCRC), which house skilled nursing facilities, assisted living, independent living, and memory care facilities.

By 2005, Brookdale had grown to approximately 90 standalone properties. During this time Fortress Investments acquired the recently bankrupt Alterra Corporation's 300 properties. Brookdale merged with the American Retirement Corporation (ARC Therapy) in July 2006. ARC operated approximately 130 properties. Fortress saw this as an opportunity to put Brookdale at the forefront of senior living, not just by sheer size but with the marrying of two of the longest-running and most successful companies in the industry. After the ARC merger, Brookdale was operating approximately 550 communities in 36 states.

In July 2014, Brookdale merged with Emeritus Senior Living and became the only national full-spectrum senior living company, with over 1,100 communities in 46 states and covering 80% of the U.S. population.

From Wikipedia’s article on Brookdale Senior Living, shared under CC BY-SA 4.0.5

Subsidiaries and ownership

Owners

From Wikidata.1

Timeline

  1. 1978Founded Founded1

Recent filings

  1. Oct 8, 20268-K
  2. Oct 7, 20264
  3. Aug 10, 20268-K
  4. Aug 10, 202610-Q
  5. Jul 31, 2026SCHEDULE 13G
  6. Jul 30, 20264
  7. Jul 9, 20268-K
  8. Jun 25, 20263
  9. Jun 24, 20268-K
  10. May 22, 20264
  11. May 7, 202610-Q
  12. May 6, 20268-K
  13. May 1, 2026SCHEDULE 13G/A
  14. Apr 30, 2026DEF 14A
  15. Apr 30, 2026DEFA14A

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2