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    Planet Fitness Inc (PLNT)

    Financials

    Updated May 8, 2025, 7:24 PM UTC
    Income Statement - MetricQ1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Revenue - Franchise (USD, thousands)80,604.00317,91784,23487,676.0082,873.00--93,240
    Revenue - National advertising fund revenue (USD, thousands)17,634.0070,01219,78620,114.0019,542.00--21,940
    Revenue - Corporate-owned clubs/stores (USD, thousands)116,411.00449,296122,378125,466.00128,132.00--133,669
    Revenue - Equipment (USD, thousands)70,437.00234,10121,61967,685.0061,699.00--27,813
    Total Revenue (USD, thousands)285,086.001,071,326248,017300,941.00292,246.00--276,662
    Cost of Revenue (USD, thousands)57,465.00190,02618,99351,934.0045,701.00--22,485
    Club/Store Operations (USD, thousands)65,608.00253,61974,35370,152.0071,614.00--81,680
    Selling, General and Administrative Expenses (USD, thousands)31,225.00124,93029,19331,613.0032,647.00--34,307
    National advertising fund expense (USD, thousands)17,599.0070,09519,79220,112.0019,720.00--21,944
    Depreciation and Amortization (USD, thousands)39,159.00149,41339,38039,817.0041,033.00--38,281
    Other losses (gains), net (USD, thousands)2,674.0010,379484(66.00)280.00--(1,237)
    Total Operating Costs and Expenses (USD, thousands)213,730.00798,462182,195213,562.00210,995.00--197,460
    Income from Operations (USD, thousands)71,356.00272,86465,82287,379.0081,251.00--79,202
    Other Income (Expense), Net - Interest Income (USD, thousands)5,402.0017,7415,4615,616.005,610.00--5,812
    Other Income (Expense), Net - Interest Expense (USD, thousands)(21,805.00)(86,576)(21,433)(24,533.00)(26,603.00)--(26,197)
    Other Income (Expense), Net - Other (expense) income, net (USD, thousands)2,881.003,5126471,043.00(558.00)--283
    Total Other Expense, Net (USD, thousands)(13,522.00)(65,323)(15,325)(17,874.00)(21,551.00)--(20,102)
    Income Before Income Taxes (USD, thousands)57,834.00207,54150,49769,505.0059,700.00--59,100
    Provision for Income Taxes (USD, thousands)19,657.0058,51214,32418,977.0016,523.00--16,216
    Losses from equity-method investments, net of tax (USD, thousands)(1,414.00)(1,994)(1,200)(1,216.00)(782.00)--(805)
    Net Income (USD, thousands)36,763.00147,03534,97349,312.0042,395.00--42,079
    Less: net income attributable to non-controlling interests (USD, thousands)1,423.008,722664672.00386.00--212
    Net Income Attributable to Planet Fitness, Inc. (USD, thousands)35,340.00138,31334,30948,640.0042,009.00--41,867
    Net income per share of Class A common stock - Basic (USD)0.411.630.390.560.50--0.50
    Net income per share of Class A common stock - Diluted (USD)0.411.620.390.560.50--0.50
    Weighted-average shares of Class A common stock outstanding - Basic (thousands)338.0084,89686,909(50.00)(769.00)--84,170
    Weighted-average shares of Class A common stock outstanding - Diluted (thousands)315.0085,18587,222(139.00)(794.00)--84,402
    Balance Sheet - MetricQ1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Cash and cash equivalents (USD, thousands)275,842275,842301,707246,961298,783--343,910
    Restricted cash (USD, thousands)46,27946,27946,19047,80067,766--56,581
    Short-term marketable securities (USD, thousands)74,90174,90193,362103,197108,629--109,718
    Accounts receivable, net (USD, thousands)41,89041,89023,83741,33448,958--38,643
    Inventory (USD, thousands)4,6774,6774,9595,2004,858--1,974
    Restricted assets - national advertising fund (USD, thousands)--17,94512,268363--16,670
    Prepaid expenses (USD, thousands)13,84213,84218,94515,91014,432--16,547
    Other receivables (USD, thousands)11,07211,07212,51315,3907,882--18,816
    Income tax receivable and prepayments (USD, thousands)3,3143,3141,3245,7904,773--734
    Total current assets (USD, thousands)471,817471,817520,782493,850556,444--603,593
    Long-term marketable securities (USD, thousands)50,88650,88645,16549,71855,535--76,091
    Investments, net (USD, thousands)77,50777,50776,36075,59975,078--75,257
    Property and equipment, net (USD, thousands)390,405390,405382,019400,239421,633--419,313
    Right-of-use assets, net (USD, thousands)381,010381,010385,796393,564400,246--416,237
    Intangible assets, net (USD, thousands)372,507372,507359,750346,993334,236--314,139
    Goodwill (USD, thousands)717,502717,502719,074719,063719,127--720,834
    Deferred income taxes (USD, thousands)504,188504,188499,839490,912481,456--459,035
    Other assets, net (USD, thousands)3,8713,8713,9934,1024,426--7,423
    Total assets (USD, thousands)2,969,6932,969,6932,992,7782,974,0403,048,181--3,091,922
    Current maturities of long-term debt (USD, thousands)20,75020,75020,75020,50022,500--22,500
    Accounts payable (USD, thousands)23,78823,78820,56029,72831,844--25,757
    Accrued expenses (USD, thousands)66,29966,29943,70956,89866,530--61,538
    Equipment deposits (USD, thousands)4,5064,5067,5945,13810,345--2,489
    Deferred revenue, current (USD, thousands)59,59159,59177,26376,05267,517--80,755
    Payable pursuant to tax benefit arrangements, current (USD, thousands)41,29441,29441,29449,18148,553--55,556
    Other current liabilities (USD, thousands)35,10135,10135,33134,62939,001--38,858
    Total current liabilities (USD, thousands)251,329251,329246,501272,126286,290--287,453
    Long-term debt, net of current maturities (USD, thousands)1,962,8741,962,8741,959,0322,156,5512,152,276--2,143,718
    Lease liabilities, net of current portion (USD, thousands)381,589381,589390,399401,405408,588--433,151
    Deferred revenue, net of current portion (USD, thousands)32,04732,04733,82034,11433,578--31,163
    Deferred tax liabilities (USD, thousands)1,6441,6441,6661,5991,566--1,323
    Payable pursuant to tax benefit arrangements, net of current portion (USD, thousands)454,368454,368456,700424,107428,858--411,276
    Other liabilities (USD, thousands)4,8334,8333,8913,9684,139--3,702
    Total noncurrent liabilities (USD, thousands)2,837,3552,837,3552,845,5083,021,7443,029,005--3,024,333
    Class A common stock (USD, thousands)99999--9
    Class B common stock (USD, thousands)-------N/A [N/A]
    Accumulated other comprehensive (loss) income (USD, thousands)172172(435)(1,096)220--(1,352)
    Additional paid in capital (USD, thousands)575,631575,631581,332594,049602,948--612,196
    Accumulated deficit (USD, thousands)(691,461)(691,461)(677,321)(910,626)(869,309)--(830,743)
    Total stockholders’ deficit attributable to Planet Fitness, Inc. (USD, thousands)(115,649)(115,649)(96,415)(317,664)(266,132)--(219,890)
    Non-controlling interests (USD, thousands)(3,342)(3,342)(2,816)(2,166)(982)--26
    Total stockholders’ deficit (USD, thousands)(118,991)(118,991)(99,231)(319,830)(267,114)--(219,864)
    Total liabilities and stockholders’ deficit (USD, thousands)2,969,6932,969,6932,992,7782,974,0403,048,181--3,091,922
    Cash Flow - MetricQ1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net Income (USD, thousands)36,763.00147,03534,97349,312.0042,395.00--42,079
    Depreciation and Amortization (USD, thousands)39,159.00149,41339,38039,817.0041,033.00--38,281
    Amortization of Deferred Financing Costs (USD, thousands)1,378.005,4921,3461,288.001,350.00--1,314
    Accretion of Marketable Securities Discount (USD, thousands)(1,049.00)(3,273)(871)(1,008.00)(779.00)--(488)
    Losses from Equity-Method Investments, Net of Tax (USD, thousands)1,414.001,9941,2001,216.00782.00--805
    Dividends Accrued on Held-to-Maturity Investment (USD, thousands)(576.00)(2,066)(528)(537.00)(553.00)--(561)
    Credit Loss (Gain) on Held-to-Maturity Investment (USD, thousands)2,738.002,73247582.00292.00--292
    Deferred Tax Expense (USD, thousands)16,305.0051,18911,36715,394.0013,316.00--10,961
    Gain on Re-measurement of Tax Benefit Arrangement Liability (USD, thousands)-(1,964)(362)(987.00)575.00--(84)
    Loss on Disposal of Property and Equipment (USD, thousands)--86736.00(503.00)--56
    Equity-Based Compensation Expense (USD, thousands)1,580.007,9069751,872.003,118.00--2,631
    Other, Adjustments to Net Income (USD, thousands)(527.00)(394)(41)438.00(259.00)--(316)
    Accounts Receivable, Changes in Operating Assets and Liabilities (USD, thousands)(5,325.00)4,76118,084(17,704.00)(7,823.00)--38,490
    Inventory, Changes in Operating Assets and Liabilities (USD, thousands)2,869.00599(287)(257.00)343.00--4,172
    Other Assets and Other Current Assets, Changes in Operating Assets and Liabilities (USD, thousands)2,651.00929(6,444)131.008,048.00--868
    Restricted Assets - National Advertising Fund, Changes in Operating Assets and Liabilities (USD, thousands)--(17,945)5,677.0011,900.00--(16,670)
    Accounts Payable and Accrued Expenses, Changes in Operating Assets and Liabilities (USD, thousands)6,513.00(975)(18,530)15,228.0012,120.00--(13,934)
    Other Liabilities and Other Current Liabilities, Changes in Operating Assets and Liabilities (USD, thousands)(14,961.00)(8,106)(548)(151.00)(42.00)--(918)
    Income Taxes, Changes in Operating Assets and Liabilities (USD, thousands)2,287.002,1831,943(4,575.00)1,079.00--4,967
    Equipment Deposits, Changes in Operating Assets and Liabilities (USD, thousands)(9,432.00)(3,937)3,088(2,456.00)5,203.00--637
    Deferred Revenue, Changes in Operating Assets and Liabilities (USD, thousands)(5,486.00)3,94219,519(866.00)(9,101.00)--17,805
    Leases, Changes in Operating Assets and Liabilities (USD, thousands)2,819.007,4812,0712,767.004,300.00--5,001
    Net Cash Provided by Operating Activities (USD, thousands)63,334.00330,25489,73278,216.00126,794.00--133,927
    Additions to Property and Equipment (USD, thousands)(51,350.00)(135,986)(26,311)(38,034.00)(48,623.00)--(23,055)
    Purchases of Marketable Securities (USD, thousands)(48,278.00)(203,285)(34,922)(39,008.00)(42,903.00)--(42,334)
    Maturities of Marketable Securities (USD, thousands)42,500.0080,49022,58925,250.0033,083.00--36,749
    Other Investments (USD, thousands)(18,045.00)(38,045)-----(33)
    Net Cash Used in Investing Activities (USD, thousands)(92,076.00)(339,991)(38,644)(51,792.00)(57,875.00)--(28,099)
    Proceeds from Issuance of Class A Common Stock (USD, thousands)585.009,1604509,358.007,413.00--655
    Principal Payments on Capital Lease Obligations (USD, thousands)(41.00)(193)(36)(36.00)(28.00)--(31)
    Repayment of Long-Term Debt (USD, thousands)(5,186.00)(20,749)(5,188)(594,249.00)(3,626.00)--(5,625)
    Repurchase and Retirement of Class A Common Stock (USD, thousands)0.00(125,030)(20,005)(280,200.00)0.00--(50,009)
    Distributions Paid to Members of Pla-Fit Holdings (USD, thousands)(389.00)(4,605)(218)(1,514.00)(1,613.00)--(349)
    Net Cash Used in Financing Activities (USD, thousands)(5,031.00)(141,417)(24,997)(78,696.00)2,146.00--(55,359)
    Effects of Exchange Rate Changes on Cash and Cash Equivalents (USD, thousands)543.00776(315)(864.00)723.00--348
    Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (USD, thousands)(33,230.00)(150,378)25,776(53,136.00)71,788.00--50,817
    Cash Paid for Interest (USD, thousands)20,220.0081,18420,16520,649.0012,904.00--25,065
    Net Cash Paid for Income Taxes (USD, thousands)864.005,2581,0138,155.002,080.00--289
    Non-Cash Additions to Property and Equipment Included in Accounts Payable and Accrued Expenses (USD, thousands)(1,951.00)18,63911,4007,245.00(199.00)--10,645
    Cash, Cash Equivalents and Restricted Cash, Beginning of Period (USD, thousands)472,499472,499322,121322,121322,121--349,674
    Cash, Cash Equivalents and Restricted Cash, End of Period (USD, thousands)322,121322,121347,897294,761366,549--400,491