Ventas, Inc. (VTR) Financial Statements
Ventas financial statements at a glance
Ventas reported revenue of $5.83 billion for fiscal year 2025 (ended December 31, 2025), up 18.5% from fiscal year 2024. Net income was $251.38 million, a net margin of 4.3%.
At the end of fiscal year 2025 it had total assets of $27.59 billion, total liabilities of $14.69 billion and shareholders' equity of $12.90 billion, with total debt of $13.01 billion.
Its operations brought in $1.65 billion of cash.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Ventas, Inc.
Income Statement
Annual • USD
Ventas key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $5.8B | $4.9B | $4.5B | $4.1B | $3.8B |
| Gross profit | $2.4B | $2.1B | $1.9B | $1.8B | $1.7B |
| Operating income | $841.4M | $651.8M | $386.1M | $451.4M | $421.4M |
| Net income | $251.4M | $81.2M | -$41.0M | -$47.4M | $49.0M |
| Diluted EPS | – | – | – | – | $0.13 |
| Total assets | $27.6B | $26.2B | $24.7B | $24.2B | $24.7B |
| Total liabilities | $14.7B | $15.1B | $14.9B | $13.7B | $13.8B |
| Shareholders' equity | $12.9B | $11.1B | $9.8B | $10.4B | $10.9B |
| Cash | – | – | – | – | $149.7M |
| Total debt | $13.0B | $13.5B | $13.5B | $12.3B | $12.2B |
| Operating cash flow | $1.6B | $1.3B | $1.1B | $1.1B | $1.0B |
| Capital spending | – | – | – | – | $433.0M |
| Free cash flow | – | – | – | – | $593.1M |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Ventas's revenue in fiscal year 2025?
$5.83 billion, up 18.5% from $4.92 billion in fiscal year 2024.
How much profit does Ventas make?
Ventas reported net income of $251.38 million for fiscal year 2025 (4.3% of revenue); operating income was $841.39 million.
How much cash and debt does Ventas have?
At the end of fiscal year 2025: total debt of $13.01 billion.
