FINHUB Insights

VTR · Q4 FY25 · Oct 1 – Dec 31, 2025

Ventas Q4 FY25: where the revenue came from and where it went

Ventas Q4 FY25: revenue $1.6B (+22% year over year). Net profit $0.07B. Largest cohort (OM&R) rental income $0.9B. The whole income statement as a sankey diagram from the SEC filing.

Period
Oct 1 – Dec 31, 2025
Reported
Feb 6, 2026 10-K
Sankey diagram of Ventas's income statement for Q4 FY25: revenue of $1.57 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$1.57B +22% year over year
Operating profit$0.08B 5% margin
Net profit$0.07B 5% margin

The numbers

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
ItemValueShare of revenueYear over year
Revenue 1.57 100% +22%
(OM&R) rental income 0.90 57%
NNN rental income 0.60 38%
From loans & investments 0.02 1%
Interest & other income 0.02 1%
Third-party capital 0.02 1%
Other 0.01 0%
Outpatient medical <0.01 0%
Property operating−0.9460%+2pp
Interest−0.1510%−2pp
G&A−0.043%−1pp
Other−0.3623%+0pp
Operating profit0.085% margin+5pp
Tax−<0.01
Net profit0.075%+0pp
Filing on EDGAR More quarters of VTR

Source of the numbers: tables in the filing (10-K). The diagram is generated automatically and checked against EDGAR before release. The fourth quarter has no column of its own in an annual report, so it is the full year minus the first nine months. How we calculate it → About and methodology.