---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-051634"
form_type: "8-K"
ticker: "ARDT"
cik: "0001756655"
company_name: "Ardent Health, Inc."
filed_at: "2025-11-12T23:59:59+00:00"
generated_at: "2026-05-16T21:21:20.078103+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Ardent Health Q3 net loss $23M; cuts 2025 adj. EBITDA guidance to $530-555M

## Summary
- Revenue $1.58B (+8.8% YoY); net loss attributable of $23M vs net income $26M in Q3 2024.
- Adjusted EBITDA $143M (+46.3% YoY); excludes $43M revenue cut from accounting estimate change.
- Professional liability reserves increased by $54M from adverse New Mexico claims (single provider, 2019-2022).
- 2025 adj. EBITDA guidance revised down to $530-555M (prior $575-615M) on higher professional fees & payor denials.
- Workforce optimization, contract renegotiations launched to mitigate pressures; liquidity $904M, net leverage 1.0x.

## SEC filing metadata
- accession: 0001628280-25-051634
- form_type: 8-K
- ticker: ARDT
- cik: 0001756655
- company_name: Ardent Health, Inc.
- filed_at: 2025-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1756655/000162828025051634/0001628280-25-051634-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1756655/000162828025051634/ardt-20251112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-051634
- JSON: https://secwatch.observer/filing/0001628280-25-051634.json
- Plain text: https://secwatch.observer/filing/0001628280-25-051634.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.