Planet Fitness
Runs a franchise-heavy gym system for first-time and casual users.
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Profile
Provides fitness access through a predominantly franchised club system while also operating corporate-owned clubs. Its Judgement Free Zone® is designed for first-time and casual gym users.
Operates a mass-market fitness-club system built around the Judgement Free Zone®, a welcoming, non-intimidating member experience. The model shifted from a conventional gym toward first-time and casual users, emphasizing cardio, circuit training, and light free weights.
Most clubs are independently operated by franchisees, while the company also owns clubs directly. The corporate-owned base remains alongside the larger franchisee-operated network and shapes the system's operating mix. Founded in 1992 in Dover, New Hampshire, the current public parent was formed for the 2015 IPO. Franchisee execution remains central to the system's scale.
Company facts
Categories
Key statistics
Year to date −51.4% · Average volume (30d) 2.1M
Analysts
Unavailable right now.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.85 | $0.88 | +3.8% | $356.2M | $365.2M | +2.5% | −9.51% |
| May 7, 2026Q1 FY26 | $0.63 | $0.74 | +17.5% | $298.6M | $337.2M | +12.9% | +4.25% |
| Feb 24, 2026Q4 FY25 | $0.79 | $0.83 | +5.1% | $367.9M | $376.3M | +2.3% | −3.10% |
| Nov 6, 2025Q3 FY25 | $0.74 | $0.80 | +8.3% | $323.4M | $330.3M | +2.1% | +3.01% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $276.7M | $340.9M | $330.3M | $376.3M | $337.2M | $365.2M | |
| Gross profit | $150.6M | $181.2M | $131.9M | $145.0M | $131.2M | $300.7M | |
| Operating income | $79.2M | $102.4M | $101.3M | $107.7M | $99.2M | $123.8M | |
| Net income | $41.9M | $58.0M | $58.8M | $60.4M | $51.6M | $67.1M | |
| Diluted EPS | $0.50 | $0.69 | $0.70 | $0.73 | $0.65 | $0.87 | |
| Gross margin | 54.4% | 53.2% | 39.9% | 38.5% | 38.9% | 82.3% | |
| Operating margin | 28.6% | 30.0% | 30.7% | 28.6% | 29.4% | 33.9% |
Fiscal years (4-quarter sums)FY21 $587.0M · FY22 $936.8M · FY23 $1.07B · FY24 $1.18B · FY25 $1.32B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $400.8M · Total debt $2.96B · Total assets $3.00B · Shareholders' equity −$614.7M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 79.44M · Float 73.93M · 93.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 8.35M | 10.51% | 13F | Aug 7, 2026 |
| T. Rowe Price Investment Management, Inc. | 8.33M | 10.49% | 13F | Aug 14, 2026 |
| SRS Investment Management, LLC | 4.92M | 6.19% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 3.67M | 4.61% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 3.58M | 4.51% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 10, 2026 | Stephen JR Spinelli | director | +10,000 | $49.28 |
| May 12, 2026 | Colleen Keating | director, officer: Chief Executive Officer | +5,000 | $49.54 |
| May 8, 2026 | Frances G. Rathke | director | +5,000 | $46.21 |
Peers
- Life Time Group
Full-service athletic clubs competing for gym memberships.
- Xponential Fitness
Franchised boutique studios competing for fitness spend.
- Peloton
Connected-fitness subscriptions competing for home workout time.
- Beachbody
Digital home-fitness programs competing for workout time.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Planet Fitness | $52.25 | −2.06% | $4.24B | 18.1 | 15.5 | 3.0 | +7.1% |
| Life Time Group | $43.51 | +0.02% | $9.72B | 23.9 | 25.2 | 3.1 | +13.7% |
| Xponential Fitness | $5.43 | −0.09% | $202.6M | — | 11.1 | 0.7 | −13.4% |
| Peloton | $5.45 | +0.18% | $2.27B | 41.9 | 15.9 | 0.9 | +0.1% |
| Beachbody | $5.84 | −0.17% | $42.3M | 3.5 | — | 0.2 | −22.4% |
| Median | 23.9 | 15.9 | 0.8 | −6.7% |