Welltower financials
$232.90−0.03%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.52B | $3.31B | $3.08B | $2.56B | $2.52B | $2.39B | $2.15B | $0.00 | $1.73B | $1.78B | $1.84B | $1.58B |
| Gross profit | $1.37B | $1.25B | $1.15B | $983.8M | $1.00B | $926.2M | $738.9M | $0.00 | $618.0M | $681.0M | $799.2M | $589.0M |
| Gross margin | 39.0% | 37.8% | 37.2% | 38.4% | 39.8% | 38.8% | 34.4% | — | 35.7% | 38.3% | 43.5% | 37.2% |
| Operating income | $481.7M | $492.5M | -$1.17B | $362.0M | $406.9M | $312.1M | $152.0M | -$558.2K | $124.1M | $203.4M | $320.3M | $154.0M |
| Net income | $445.0M | $728.7M | $96.4M | $280.6M | $301.9M | $258.0M | $120.0M | -$376.3K | $254.7M | $127.1M | $83.9M | $127.5M |
| Net margin | 12.6% | 22.0% | 3.1% | 11.0% | 12.0% | 10.8% | 5.6% | — | 14.7% | 7.2% | 4.6% | 8.0% |
| Diluted EPS | $0.61 | $1.02 | $0.14 | $0.41 | $0.45 | $0.40 | $0.19 | $-0.13 | $0.42 | $0.22 | $0.15 | $0.24 |
| EBITDA | $1.26B | $1.13B | -$515.6M | $889.2M | $935.5M | $864.5M | $660.6M | -$558.2K | $528.7M | $625.6M | $335.3M | $511.4M |
| Operating cash flow | $1.00B | $670.0M | $654.3M | $858.4M | $770.0M | $599.0M | $559.2M | $240.4K | $605.4M | $406.8M | $370.5M | $439.1M |
| Free cash flow | -$4.58B | -$823.0M | -$9.64B | -$584.1M | -$511.6M | -$1.77B | -$1.81B | $240.4K | -$360.1M | -$20.2M | -$2.58B | -$574.0M |
| Diluted shares | 738.0M | 726.3M | 710.8M | 685.4M | 668.1M | 653.8M | 634.6M | 2.9M | 604.6M | 577.5M | 553.2M | 525.1M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.97B | $4.70B | $5.03B | $6.81B | $4.41B | $3.50B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $17.73B | $17.93B | $19.20B | $16.85B | $15.97B | $15.72B |
| Total assets | $69.88B | $67.22B | $67.30B | $59.50B | $55.83B | $53.29B |
| Total liabilities | $22.21B | $22.29B | $24.10B | $20.19B | $19.29B | $18.71B |
| Shareholders' equity | $47.44B | $44.73B | $42.94B | $39.03B | $36.26B | $34.30B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology