Beachbody Company (BODI) Company Report

BODi achieved a significant financial turnaround in 2025, reporting positive operating income and adjusted net income for the full year 2025, one year ahead of its original goal. This marks the first time since 2021 the company had both positive operating income and adjusted net income for the full year.
For Q4 2025, the company reported operating income of $8.2 million and net income of $5.2 million, marking its second consecutive quarter of positive results for both metrics. Adjusted EBITDA for Q4 2025 was $12.9 million, extending its streak to nine consecutive quarters of positive adjusted EBITDA.
As of December 31, 2025, BODi maintained a strong financial position with a cash balance of $39 million against outstanding debt of $25 million, providing a $14 million cash cushion well above the required $4.6 million for covenant testing.
The company is launching a significant innovation pipeline in 2026, including new digital fitness programs like 10 Minute BODi and P90X Generation Next, and entering retail for the first time with nutritional supplements such as a new 7-serve Shakeology and P90X line, with Shakeology debuting in Sprouts Farmers Market in May 2026.
For Q1 2026, BODi expects revenues in the range of $49 million to $54 million, net income between -$2 million and $1 million, and adjusted EBITDA between $4 million and $7 million. The company notes that year-over-year revenue comparisons are not relevant until Q3 2026 due to the business model shift.

2 days ago

Transcript

BODi Reports Full-Year 2025 Positive Operating and Net Income, Announces 2026 Product Launches and Retail Expansion

BODI

Earnings

Product Launch

New Projects/Investments

BODi achieved a significant financial turnaround in 2025, reporting positive operating income and adjusted net income for the full year, a year ahead of its original goal, marking the first time since 2021.
In Q4 2025, the company recorded $8.2 million in operating income and $5.2 million in net income, alongside its ninth consecutive quarter of positive Adjusted EBITDA at $12.9 million. As of December 31, 2025, BODi held a cash balance of $39 million against $25 million in outstanding debt, providing a $14 million cash cushion.
The company completed its transition from a multi-level marketing model to an omni-channel approach, which allows for dramatically lower pricing on nutritional products and a reduced EBITDA breakeven level of $180 million.
For 2026, BODi plans significant product launches, including P90X Generation Next and new P90X nutritional supplements, with Shakeology debuting in Sprouts Farmers Market in May 2026 as part of its first-ever retail entry.

2 days ago

Transcript

BODi Reports Strong Q4 2025 Financial Results and Outlines 2026 Product Launches

BODI

Earnings

Product Launch

Guidance Update

BODi reported strong financial results for Q4 2025, including $8.2 million in operating income and $5.2 million in net income, marking its second consecutive quarter of positive operating and net income. The company also achieved positive adjusted net income for the full year 2025 and its ninth consecutive quarter of positive Adjusted EBITDA at $12.9 million.
The financial turnaround was completed one year ahead of schedule, with the EBITDA breakeven level significantly reduced to $180 million. As of December 31, 2025, BODi had a cash balance of $39 million against $25 million in outstanding debt, providing a $14 million cash cushion.
Having fully transitioned from its multi-level marketing model, BODi is launching new products and entering the retail market in 2026, including the 10 Minute BODi program, P90X Generation Next, and the retail debut of Shakeology in Sprouts Farmers Market in May 2026. This new model allows for significantly lower pricing on nutritional products, such as the P90X line at $15-$35 and a new Shakeology form factor at $34.99.
For Q1 2026, BODi provided guidance of revenues between $49 million and $54 million, net income between -$2 million and $1 million, and Adjusted EBITDA between $4 million and $7 million. Year-over-year revenue comparisons are not considered relevant until Q3 2026 due to the business model shift.

2 days ago

Transcript

BODi Reports Q4 and FY 2025 Financial Results and Q1 2026 Outlook

BODI

Earnings

Guidance Update

For the fourth quarter ended December 31, 2025, BODi reported net income of $5,219 thousand and Adjusted EBITDA of $12,878 thousand. For the full year 2025, the company posted a net loss of $(2,860) thousand and Adjusted EBITDA of $30,767 thousand.
BODi provided an outlook for the first quarter of 2026, expecting revenue between $49 million and $54 million, net income (loss) between $(2) million and $1 million, and Adjusted EBITDA between $4 million and $7 million.
The company will host a conference call on March 10, 2026, to discuss its financial results and guidance.

2 days ago

8-K

BODi Reports Q4 and FY 2025 Financial Results

BODI

Earnings

Guidance Update

Demand Weakening

The Beachbody Company (BODi) reported net income of $5.2 million for the fourth quarter of 2025, marking its second consecutive quarter of net income, and achieved $12.9 million in Adjusted EBITDA, its ninth consecutive quarter of positive Adjusted EBITDA.
For the full year 2025, the company achieved its first full year operating income since going public, totaling $5.5 million, and generated positive free cash flow of $17.4 million.
Total revenue for Q4 2025 was $55.5 million, and for the full year 2025, it was $251.7 million, both representing a decrease compared to the prior year periods.
BODi provided an outlook for the first quarter of 2026, projecting revenue between $49 million and $54 million and Adjusted EBITDA between $4 million and $7 million.

2 days ago

Press Release

BODi's Credit Facility Amended by Tiger Finance

BODI

Debt Issuance

New Projects/Investments

Tiger Finance has amended its existing credit facility with The Beachbody Company, Inc. (BODi).
The amendment provides BODi with enhanced financial flexibility to execute growth strategies and capitalize on new revenue opportunities in 2026.
This revision by Tiger Finance acknowledges BODi's strengthened liquidity position and improved financial performance, as BODi transitions from financial restructuring.

Feb 5, 2026, 9:15 PM

Press Release

The Body Company Reports Successful Turnaround and Strategic Shift

BODI

Product Launch

New Projects/Investments

Guidance Update

The Body Company (BODI) has completed a significant financial turnaround, reducing its cash break-even level by $720 million from $900 million to $180 million.
The company achieved eight consecutive quarters of positive adjusted EBITDA, totaling approximately $50 million, and became net income positive in Q3 2025 with over $3 million.
BODI has transitioned from a Multi-Level Marketing (MLM) model (discontinued in Q4 2024) to a multi-channel strategy, including a new retail line launch in Q1 and Q2 2026 for key brands like P90X, Insanity, and Shakeology.
The company's financial health has improved, with $34 million in cash exceeding $25 million in debt as of September 30th (Q3 2025), and a 44% reduction in interest expense due to debt restructuring.

Jan 12, 2026, 4:30 PM

Transcript

BODi (formerly The Beachbody Company) Announces Turnaround Completion and New Strategic Initiatives

BODI

Revenue Acceleration/Inflection

Product Launch

New Projects/Investments

BODi (formerly The Beachbody Company) has completed a significant turnaround, achieving net income positive in Q3 2025 for the first time since going public and reporting eight consecutive quarters of positive adjusted EBITDA totaling approximately $50 million.
The company drastically reduced its cash break-even level by $720 million to $180 million and improved free cash flow to positive $13.1 million in the first three quarters of 2025, while restructuring its $25 million debt and holding a $34 million cash position as of September 30th.
BODi has transitioned from a multi-level marketing model (phased out in Q4 2024) to a multi-channel strategy, including a significant push into retail for its core brands like P90X, Insanity, and Shakeology, which will be sold in grocery, drug, mass merchant, c-stores, and club stores starting in Q1 and Q2 2026.
New product launches for 2026 include the 10-Minute BODi program and P90X Generation Next, alongside new nutritional supplements and smaller-serve Shakeology products for the retail market.

Jan 12, 2026, 4:30 PM

Transcript

Beachbody Company (BODI) Reports Successful Turnaround and Outlines 2026 Growth Strategy

BODI

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

The Beachbody Company (BODI) has successfully completed its turnaround, reducing its cash break-even level from $900 million to $180 million and achieving eight consecutive quarters of positive adjusted EBITDA, totaling approximately $50 million.
The company became net income positive in Q3 2025 for the first time since going public, reporting $3 million in net income for the quarter and $13.1 million in positive free cash flow year-to-date Q3 2025.
BODI has transitioned from a multi-level marketing model (discontinued in Q4 2024) to a multi-channel strategy, including a significant retail launch in Q1 and Q2 2026 for its key brands like P90X, Insanity, and Shakeology.
As of September 30th, the company holds a $34 million cash position, exceeding its $25 million debt level, and has reduced its overall interest expense by 44%.

Jan 12, 2026, 4:30 PM

Transcript

BODi Amends Credit Agreement to Enhance Financial Flexibility

BODI

Debt Issuance

New Projects/Investments

The Beachbody Company, Inc. (BODi) amended its credit agreement with Tiger Finance, LLC, on January 7, 2026, to enhance its financial flexibility.
Key changes include the elimination of the maximum capital expenditure covenant, an increase in the minimum liquidity level from $12,000,000 to $15,000,000, and a reduction in the minimum digital subscriptions covenant from 850,000 to 700,000.
The amendment also provides for potential interest rate reductions, with the first opportunity for rates to decrease starting December 31, 2026, from the one-month SOFR Rate plus 9.00% to 7.75%.
As of September 30, 2025, BODi's cash position was $34 million, exceeding its $25 million debt level by $9 million.