NYSE$LTH

Life Time Group Holdings Inc · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Life Time reported Q4 2025 revenue of $745.1M (+12%) and net income of $123.0M.

Q4 revenue $745.1M (+12.3%); net income $123.0M (+231%); diluted EPS $0.54; adjusted EPS $0.34. Adjusted EBITDA $202.6M (+14.5%). $500M buyback authorized; club expansion accelerating.

  • Q4 revenue $745.1M (+12%).
  • Net income $123M.
  • Adjusted EBITDA $203M.
  • $500M repurchase plan.

Headline financials

Total Revenue

$745M

Previous: $663M+12.3%
EPS (adj)

$0.34

Previous: $0.27+25.9%
Comparable Center Revenue

9.9%

Previous: 13.5%-26.7%
Net New Center Openings

4

Previous: 2+100.0%
Total Centers

189

Previous: 179+5.6%
Total Center Square Footage

18.3M

Previous: 17.6M+4.0%
Center Memberships

822.4K

Previous: 812.1K+1.3%
Avg Revenue Per Membership

$882.00

Previous: $796.00+10.8%
Digital On-Hold Memberships

50.6K

Previous: 54.0K-6.4%
Total Memberships

872.9K

Previous: 866.1K+0.8%
Net Income Margin

16.5%

Previous: 5.6%+194.6%
Adjusted Net Income

$77.4M

Previous: $60.3M+28.5%
Adjusted Net Income Margin

10.4%

Previous: 9.1%+14.3%
Adjusted EBITDA

$203M

Previous: $177M+14.5%
Adjusted EBITDA Margin

27.2%

Previous: 26.7%+1.9%
Net Debt Leverage Ratio

1.6

Previous: 2.28-29.8%
Net Income

$123M

Previous: $37.2M+230.6%
Operating Income

$130M

Previous: $87M+48.9%

Revenue & EPS history

Life Time · Revenue · Quarterly

$745M

Q4 2025+12.3%vs Q4 2024
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Life Time · $568M total across 2 segments · Q3 2023

  • Membership Dues & Fees
    $408M+21.5%
  • In-Center Revenue
    $160M+11.2%

Forward guidance

2026 square footage growth nearly matching prior two years combined; dues and in-center spend rising.

Tailwinds

  • Member engagement and pricing power.
  • FY revenue $3.0B (+14%).
  • Path to positive FCF in 2026 cited.

Headwinds

  • High capex for new clubs.
  • Labor and utilities inflation.
  • Competition in premium fitness.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

-0.2%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+3.6%

Avg return

30 days after

39%

9 / 23 earnings

Positive

+23.6%

Q3 2022

Best reaction

-18.5%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+11.9%+21.6%+23.9%
Q4 2025-0.3%-5.0%-6.4%
Q3 2025+5.4%+2.6%+6.8%
Q1 2025-6.7%-9.4%-12.0%
Q4 2024-1.0%+0.0%-3.5%
Q3 2024-7.1%-10.2%-3.0%
Q2 2024+7.6%+15.4%+13.2%
Q1 2024+3.4%+8.2%+22.8%
Q4 2023+10.6%+9.2%+25.0%
Q3 2023-17.7%-17.0%+7.0%
Q2 2023-16.2%-16.3%-22.9%
Q1 2023+10.3%+18.2%+10.2%
Q4 2022-7.6%-11.3%-13.9%
Q3 2022+23.6%+25.7%+36.4%
Q2 2021-2.8%-1.5%-13.5%
Q2 2022-2.8%-1.5%-13.5%
Q1 2021+13.4%+23.6%+16.1%
Q1 2022+13.4%+23.6%+16.1%
Q4 2021-18.5%-17.4%+1.3%
Q4 2019-18.5%-17.4%+1.3%
Q3 2020-0.7%+2.2%-15.2%
Q4 2020-0.7%+2.2%-15.2%
Q3 2021-4.0%-2.7%+22.6%
Q2 2020
Q1 2020

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