Life Time Group Holdings, Inc. LTH
Life Time Group Holdings, Inc. (collectively with its direct and indirect subsidiaries, "Life Time," "we," "our," "us," or the "Company") is a holding company incorporated in the state of Delaware. Life Time Group Holdings, Inc. completed its initial public offering ("IPO") in October 2021 and its common stock trades on the New York Stock Exchange ("NYSE") under the symbol "LTH."
Life Time, the "Healthy Way of Life Company," is a premier lifestyle and leisure brand offering premium health, fitness and wellness experiences to a community of nearly 1.6 million individual members, who together comprise nearly 873,000 memberships, as of December 31, 2025. We are a leading innovator in the industry having successfully created a leisure model that incorporates the country club wellness lifestyle within a fitness and active living community. We have earned the trust of our members for over 30 years to make their lives healthier and happier by offering them the best places, programs and performers. We believe that consumers equate our brand with the uncompromising quality, luxury and "Healthy Way of Life" experiences that Life Time offers. We have built our reputation and robust brand equity through our continuous focus on delivering high-quality experiences through our omni-channel physical and digital ecosystem that includes more than 185 centers—distinctive, resort-like athletic country club destinations—across 31 states in the United States and one province in Canada. Our continuous commitment to members has resulted in strong brand loyalty and fueled our strong, long-term financial performance.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.00B | $2.62B | $2.22B | $1.82B | $1.32B | $948.4M | $1.90B | — |
| Cost of revenue | $1.57B | $1.39B | $1.18B | — | — | — | — | — |
| Gross profit | $1.43B | $1.23B | $1.03B | — | — | — | — | — |
| SG&A | $244.6M | $221.0M | $201.1M | $214.0M | $480.5M | $149.9M | $227.7M | — |
| Total operating expenses | $2.51B | $2.26B | $1.99B | $1.71B | $1.81B | $1.31B | $1.73B | — |
| Operating income | $481.3M | $357.5M | $225.2M | $110.6M | -$495.2M | -$359.1M | $168.3M | — |
| Interest expense | — | — | $130.8M | $113.5M | $224.5M | $128.4M | $129.0M | — |
| Pre-tax income | $493.5M | $208.8M | $94.8M | -$2.6M | -$719.7M | -$487.7M | $40.1M | — |
| Income tax | $119.8M | $52.5M | $18.7M | $825.0K | $140.3M | $127.5M | $10.1M | — |
| Net income | $373.7M | $156.2M | $76.1M | -$1.8M | -$579.4M | -$360.2M | $30.0M | — |
| EPS, basic | 1.71 | 0.77 | 0.39 | -0.01 | -3.73 | -2.48 | 0.22 | — |
| EPS, diluted | 1.66 | 0.74 | 0.37 | -0.01 | -3.73 | -2.48 | 0.22 | — |
| Shares, diluted (wtd. avg.) | $225.5M | $211.2M | $204.0M | $193.6M | $155.5M | $145.1M | $139.4M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $204.8M | $10.9M | $30.0M | $25.5M | $31.6M | $33.2M | $48.0M | $33.5M |
| Receivables | $24.1M | $25.1M | $23.9M | $13.4M | $6.5M | $4.8M | — | — |
| Inventory | $67.6M | $60.3M | $52.8M | $45.7M | $41.0M | $36.3M | — | — |
| Total current assets | $385.8M | $171.0M | $174.5M | $131.0M | $131.5M | $165.7M | — | — |
| Property, plant and equipment | $3.63B | $3.19B | $3.17B | $2.90B | $2.79B | $2.69B | — | — |
| Goodwill | $1.24B | $1.24B | $1.24B | $1.23B | $1.23B | $1.23B | — | — |
| Other intangibles | $180.8M | $171.6M | $172.1M | $173.4M | $174.2M | $164.4M | — | — |
| Total assets | $8.01B | $7.15B | $7.03B | $6.63B | $6.26B | $6.02B | — | — |
| Accounts payable | $90.2M | $87.8M | $81.3M | $74.0M | $71.3M | $54.1M | — | — |
| Short-term debt | $21.8M | $22.6M | $73.8M | $15.2M | $23.5M | $139.3M | — | — |
| Total current liabilities | $609.5M | $520.1M | $557.2M | $457.4M | $406.3M | $443.1M | — | — |
| Long-term debt | $1.49B | $1.51B | $1.86B | $1.81B | $1.78B | $2.13B | — | — |
| Total liabilities | $4.88B | $4.54B | $4.78B | $4.50B | $4.17B | $4.54B | — | — |
| Retained earnings | -$46.9M | -$420.6M | -$576.8M | -$652.9M | -$651.1M | -$71.7M | — | — |
| Total equity | $3.13B | $2.61B | $2.25B | $2.12B | $2.09B | $1.48B | $1.75B | $1.60B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $870.5M | $575.1M | $463.0M | $201.0M | -$20.0M | -$96.0M | $358.7M | — |
| Depreciation and amortisation | $296.3M | $274.7M | $244.4M | $228.9M | $235.1M | $247.7M | $220.5M | — |
| Stock-based compensation | $51.8M | $51.0M | $50.1M | $37.3M | $334.3M | $0 | $24.2M | — |
| Capital expenditure | $891.5M | $524.5M | $698.0M | $591.2M | $328.9M | $265.6M | $624.0M | — |
| Investing cash flow | -$685.7M | -$292.7M | -$574.2M | -$243.5M | -$269.9M | -$6.1M | -$477.8M | — |
| Financing cash flow | $19.4M | -$284.4M | $115.6M | $36.8M | $288.4M | $87.4M | $133.3M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001869198-26-000010.
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