National Healthcare Properties, Inc. (NHP) Income Statement
NHP 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNHP revenue and net income
Where NHP's revenue goes
2025Each bar shows an amount and its share of revenue. NHP kept −16.8% of revenue as net income.
NHP profit margins
NHP growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −3.3% | +0.6% | — | — |
| Gross profit | −6.8% | +0.3% | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NHP quarterly EPS vs estimates
National Healthcare Properties beat the analyst EPS estimate in 1 of the last 1 quarters. Next report: November 4, 2026 (estimate $0.16).
NHP income statement
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $342.3M | $353.8M | $345.9M | $335.8M |
| Cost of revenue | $218.9M | $221.5M | $217.8M | $213.4M |
| Gross profit | $123.4M | $132.3M | $128.1M | $122.4M |
| Sales, general & admin | $24.2M | $22.4M | $18.9M | $17.3M |
| Total operating expenses | $120.1M | $255.9M | $132.9M | $153.9M |
| Operating income | $3.3M | −$123.5M | −$4.7M | −$31.5M |
| Interest income | $272,000 | $1.1M | $734,000 | $27,000 |
| Interest expense | $61.3M | $69.4M | $66.1M | $51.7M |
| Income before taxes | −$57.5M | −$190.0M | −$72.1M | −$79.4M |
| Income taxes | $161,000 | $262,000 | $303,000 | $201,000 |
| Net income | −$57.6M | −$189.7M | −$72.3M | −$79.5M |
| EBITDA | $82.0M | −$36.5M | $76.9M | $54.4M |
| EPS (diluted) | −$2.03 | −$6.71 | — | — |
| Gross margin | 36.0% | 37.4% | 37.0% | 36.4% |
| Operating margin | 1.0% | −34.9% | −1.4% | −9.4% |
| Net margin | −16.8% | −53.6% | −20.9% | −23.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | |
|---|---|---|---|---|---|---|---|
| Revenue | $87.5M | $86.3M | $84.5M | $86.0M | $85.3M | $86.4M | $87.7M |
| Cost of revenue | $89.7M | $52.9M | $53.0M | $53.8M | $53.8M | $57.5M | $54.6M |
| Gross profit | −$2.2M | $33.4M | $31.5M | $32.2M | $31.5M | $28.9M | $33.1M |
| Sales, general & admin | $6.6M | $5.5M | $8.5M | $5.7M | $5.4M | $5.2M | $5.8M |
| Total operating expenses | −$11.2M | $23.2M | $38.0M | $29.8M | $37.0M | $15.9M | $34.2M |
| Operating income | $8.9M | $10.2M | −$6.6M | $2.4M | −$5.5M | $13.0M | −$1.1M |
| Interest income | $2.3M | $171,000 | $240,000 | $294,000 | $231,000 | — | — |
| Interest expense | $12.7M | $14.7M | $15.9M | $15.1M | $15.8M | $14.5M | $17.3M |
| Income before taxes | −$5.3M | −$4.2M | −$22.7M | −$12.5M | −$20.8M | −$1.5M | −$16.9M |
| Income taxes | $47,000 | $77,000 | $101,000 | $66,000 | — | −$6,000 | $127,000 |
| Net income | −$5.4M | −$4.3M | −$22.7M | −$12.6M | −$20.8M | −$1.6M | −$17.0M |
| EBITDA | $25.2M | $28.2M | $11.1M | $20.6M | $13.5M | $39.1M | $21.1M |
| EPS (diluted) | $0.18 | −$0.11 | — | — | — | — | — |
| Gross margin | −2.5% | 38.7% | 37.2% | 37.4% | 36.9% | 33.4% | 37.8% |
| Operating margin | 10.2% | 11.8% | −7.8% | 2.8% | −6.5% | 15.1% | −1.2% |
| Net margin | −6.1% | −5.0% | −26.9% | −14.6% | −24.4% | −1.8% | −19.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NHP's financial statements (latest annual report filed February 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NHP financial results
In fiscal year 2025 (ended December 31, 2025), National Healthcare Properties reported revenue of $342.3 million, down 3.3% from the year before. It had a net loss of $57.6 million, a net profit margin of −16.8%. Diluted earnings per share came to −$2.03.
See the NHP stock overview for the latest quote and news, or the NHP chart for price history and technical indicators.
NHP income statement FAQ
What is National Healthcare Properties's annual revenue?
National Healthcare Properties reported total revenue of $342.3 million for fiscal year 2025, which ended on December 31, 2025. That was down 3.3% from $353.8 million the previous year.
Is National Healthcare Properties profitable?
No. National Healthcare Properties reported a net loss of $57.6 million in fiscal 2025, a net profit margin of −16.8%; its operating margin was 1.0%.
What is National Healthcare Properties's gross margin?
National Healthcare Properties's gross margin was 36.0% in fiscal 2025: for every $100 of revenue, National Healthcare Properties kept $36 after the direct cost of its products and services.
What are National Healthcare Properties's earnings per share?
National Healthcare Properties earned $-2.03 per diluted share in fiscal 2025, compared with $-6.71 a year earlier.
When will National Healthcare Properties report its next earnings?
National Healthcare Properties is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does National Healthcare Properties's fiscal year end?
National Healthcare Properties's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 20, 2026.