Ardent Health, Inc.

For the period ended Dec 31, 2025. Filed Mar 16, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 16, 2026

ARDT$17.93-0.2%Stored close · as of Nov 10, 2026

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Contents

Consolidated Income Statements for the Years Ended

CONSOLIDATED INCOME STATEMENTS

(Dollars in thousands, except per share amounts)

	Years Ended December 31,
	2025	2024	2023
Total revenue	$6,324,339	$5,966,072	$5,409,483
Expenses:
Salaries and benefits	2,657,700	2,534,756	2,384,062
Professional fees	1,192,645	1,097,119	980,270
Supplies	1,082,908	1,033,122	993,405
Rents and leases	109,586	103,577	97,444
Rents and leases, related party	152,905	149,229	145,880
Other operating expenses	647,308	496,219	451,737
Government stimulus income	—	—	(8,463)
Interest expense	55,202	65,578	74,305
Depreciation and amortization	155,703	146,288	140,842
Loss on extinguishment and modification of debt	7,344	3,388	—
Other non-operating gains	(23,320)	(26,264)	(1,613)
Total operating expenses	6,037,981	5,603,012	5,257,869
Income before income taxes	286,358	363,060	151,614
Income tax expense	56,223	63,352	22,637
Net income	230,135	299,708	128,977
Net income attributable to noncontrolling interests	94,324	89,365	75,073
Net income attributable to Ardent Health, Inc.	$135,811	$210,343	$53,904
Net income per share:
Basic	$0.96	$1.59	$0.43
Diluted	$0.96	$1.58	$0.43
Weighted-average common shares outstanding:
Basic	140,760,736	132,439,695	126,115,301
Diluted	141,450,309	132,744,577	126,115,301

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.