WELLTOWER INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $10.8B | $8.0B | $6.6B | $5.9B | $4.7B |
| Cost of revenue | $6.5B | $4.8B | $3.9B | $3.6B | $2.8B |
| Selling, general & administrative | $1.7B | $235.5M | $179.1M | $150.4M | $126.7M |
| Pretax income | — | $524.4M | $350.0M | $173.1M | $170.8M |
| Income tax expense | -$7.1M | $2.7M | $6.4M | $7.2M | $8.7M |
| Net income | $961.8M | $972.9M | $358.1M | $160.6M | $374.5M |
| Balance Sheet | |||||
| Cash and equivalents | $5.0B | $3.5B | $2.0B | $631.7M | $269.3M |
| Total assets | $67.3B | $51.0B | $44.0B | $37.9B | $34.9B |
| Total liabilities | $24.1B | $18.5B | $17.6B | $16.5B | $15.9B |
| Total debt | $19.4B | $15.8B | $15.9B | $0 | $325.0M |
| Stockholders' equity | $42.1B | $32.0B | $25.4B | $20.3B | $17.6B |
| Cash Flow Statement | |||||
| Cash from operations | $2.9B | $2.3B | $1.6B | $1.3B | $1.3B |
| Depreciation and amortization | $2.1B | $1.6B | $1.4B | $1.3B | $1.0B |
| Stock-based compensation | $1.6B | $75.8M | $37.2M | $26.1M | $17.8M |
| Dividends paid | $1.9B | $1.5B | $1.3B | $1.1B | $1.0B |
| Share repurchases | — | — | — | $0 | $0 |
| Impairments | $121.3M | $92.8M | $36.1M | $17.5M | $51.1M |
Shares outstanding 705.9M · Free float 100.0%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.