Planet Fitness, Inc. PLNT

Communication services SIC 7997 - Services-Membership Sports & Recreation Clubs NAICS Arts, Entertainment, and Recreation › Amusement, Gambling, and Recreation Industries › Other Amusement and Recreation Industries derived NYSE

Planet Fitness, Inc. is a Delaware corporation formed on March 16, 2015. Planet Fitness, Inc. Class A common stock trades on the New York Stock Exchange under the symbol "PLNT."

We are one of the largest and fastest-growing franchisors and operators of fitness centers in the world by number of members and locations, with a highly recognized national brand. Our mission is to enhance people's lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment, which we call the Judgement Free Zone. Our bright, clean clubs are typically 20,000 square feet, with a large selection of high-quality Planet Fitness-branded cardio, circuit- and strength-training equipment and friendly staff trainers who offer unlimited free fitness instruction to all our members in small groups. We offer this differentiated fitness experience starting at only $15 per month to new members for our standard Classic Card membership. This attractive value proposition is designed to appeal to a broad population, inclusive of all fitness levels from beginners to athletes. We and our franchisees fiercely protect Planet Fitness's community atmosphere—a place where you do not need to be fit before joining and where progress toward achieving your fitness goals (big or small) is supported and applauded by our staff and fellow members.

Last close 52.52 2026-10-23
Market cap —
52-week range 37.03 - 114.26

Valuation FY2025 figures against the last close

P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS—

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Rest of world
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 1.3B (97.0%) 97% United States Rest of world, FY2025: 39.5M (3.0%) FY2024 United States, FY2024: 1.1B (96.6%) 97% Rest of world, FY2024: 40.1M (3.4%) FY2023 United States, FY2023: 1B (97.3%) 97% Rest of world, FY2023: 28.5M (2.7%)
Region FY2025FY2024FY2023
United States $1.28B $1.14B $1.04B
Rest of world $39.5M $40.1M $28.5M

As the company reported it, from the “Segments - Schedule Of Geographical Revenue & Long- Lived Assets (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Corporate-owned clubs
  • Franchise
  • Equipment
Revenue by segment, 3 categories over 3 years. The same figures are in the table below. FY2025 Corporate-owned clubs, FY2025: 546.1M (41.2%) 41% Corporate-owned clubs Franchise, FY2025: 468M (35.3%) 35% Franchise Equipment, FY2025: 310.1M (23.4%) 23% Equipment FY2024 Corporate-owned clubs, FY2024: 502.3M (42.5%) 43% Franchise, FY2024: 423.2M (35.8%) 36% Equipment, FY2024: 256.1M (21.7%) 22% FY2023 Corporate-owned clubs, FY2023: 449.3M (41.9%) 42% Franchise, FY2023: 387.9M (36.2%) 36% Equipment, FY2023: 234.1M (21.9%) 22%
Segment FY2025FY2024FY2023
Corporate-owned clubs $546.1M $502.3M $449.3M
Franchise $468.0M $423.2M $387.9M
Equipment $310.1M $256.1M $234.1M

As the company reported it, from the “Segments - Schedule of Financial Information for the Company's Reportable Segments (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.32B$1.18B$1.07B$936.8M$587.0M$406.6M$688.8M$572.9M$429.9M$378.2M
Cost of revenue $230.3M$197.1M$190.0M$177.2M$101.0M—$194.4M$162.6M$129.3M$122.3M
Gross profit $1.09B$984.5M$881.3M$759.6M$486.0M—$494.4M$410.3M$300.7M$255.9M
SG&A $137.6M$129.1M$124.9M$114.9M$94.5M$68.6M$78.8M$72.4M$60.4M$50.0M
Total operating expenses $929.5M$857.5M$798.5M$706.7M$443.6M$346.9M$455.7M$388.9M$282.4M$262.6M
Operating income $394.7M$324.2M$272.9M$230.1M$143.4M$59.8M$233.1M$184.0M$147.5M$115.7M
Interest expense $108.2M$100.0M$86.6M$88.6M$81.2M$82.1M$60.9M$50.7M$35.3M$27.1M
Pre-tax income $309.0M$246.7M$207.5M$161.4M$52.0M-$14.5M$173.2M$131.8M$429.2M$89.9M
Income tax $85.9M$68.4M$58.5M$50.5M$5.7M$687.0K$37.8M$28.6M$373.6M$18.7M
Net income $219.1M$172.0M$138.3M$99.4M$42.8M-$15.0M$117.7M$88.0M$33.1M$21.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $345.7M$293.1M$322.1M$472.5M$603.9M$515.8M$478.8M$320.1M$113.1M$40.4M
Short-term investments $106.8M$114.2M$74.9M$0——————
Receivables $70.4M$77.1M$41.9M$46.2M$27.3M$16.4M$42.3M$39.0M$37.3M$26.9M
Inventory $7.6M$6.1M$4.7M$5.3M$1.2M$473.0K$877.0K$5.1M$2.7M$1.8M
Total current assets $658.4M$588.0M$471.8M$555.5M$662.4M$566.8M$540.1M$388.5M$177.0M$91.2M
Property, plant and equipment —————$160.7M$145.5M$114.4M$83.3M$61.2M
Goodwill $712.5M$720.6M$717.5M$702.7M$228.6M$227.8M$227.8M$199.5M$177.0M$177.0M
Other intangibles $286.4M$323.3M$372.5M$417.1M$200.9M$217.1M$233.9M$234.3M$235.7M$253.9M
Total assets $3.10B$3.07B$2.97B$2.85B$2.02B$1.85B$1.72B$1.35B$1.10B$1.00B
Accounts payable $39.7M$32.9M$23.8M$20.6M$27.9M$19.4M$21.3M$30.4M$28.6M$28.5M
Short-term debt $23.9M$22.5M$20.8M$20.8M$17.5M$17.5M$17.5M$12.0M$7.2M$7.2M
Total current liabilities $312.5M$282.5M$251.3M$244.5M$176.6M$111.9M$145.5M$131.4M$111.3M$83.3M
Long-term debt $2.46B$2.15B$1.96B$1.98B$1.74B$1.75B$1.69B$1.16B$696.6M$702.0M
Retained earnings -$1.11B-$822.2M-$691.5M-$703.7M-$708.8M-$751.6M-$736.6M-$394.4M-$140.2M-$164.1M
Total equity -$482.8M-$215.4M-$119.0M-$211.6M-$642.8M-$705.7M-$707.8M-$382.8M-$136.9M-$214.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $418.4M$343.9M$330.3M$240.2M$189.3M$31.1M$204.3M$184.4M$131.0M$108.8M
Depreciation and amortisation $119.0M$111.1M$97.9M$83.3M$46.1M$36.9M$28.0M$19.5M$13.9M$12.1M
Stock-based compensation $12.3M$8.9M$7.9M$8.1M$8.8M$4.8M$4.8M$5.5M$2.5M$1.7M
Capital expenditure $163.7M$155.1M$136.0M$100.1M$54.1M$52.6M$57.9M$40.9M$37.7M$15.4M
Investing cash flow -$160.2M-$208.7M-$340.0M-$506.6M-$90.9M-$52.3M-$110.7M-$86.4M-$37.0M-$14.7M
Financing cash flow -$198.1M-$105.0M-$141.4M$135.7M-$10.2M$57.9M$64.3M$109.9M-$21.7M-$85.2M
Dividends paid —————————$169.3M
Buybacks $500.4M$300.2M$125.0M$94.3M$0$0$458.2M$342.4M—$1.6M

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 0001637207-26-000011.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2016: 378.2M Gross profit, FY2016: 255.9M Net income, FY2016: 21.5M Revenue, FY2017: 429.9M Gross profit, FY2017: 300.7M Net income, FY2017: 33.1M Revenue, FY2018: 572.9M Gross profit, FY2018: 410.3M Net income, FY2018: 88M Revenue, FY2019: 688.8M Gross profit, FY2019: 494.4M Net income, FY2019: 117.7M Revenue, FY2020: 406.6M Net income, FY2020: -15M Revenue, FY2021: 587M Gross profit, FY2021: 486M Net income, FY2021: 42.8M Revenue, FY2022: 936.8M Gross profit, FY2022: 759.6M Net income, FY2022: 99.4M Revenue, FY2023: 1.1B Gross profit, FY2023: 881.3M Net income, FY2023: 138.3M Revenue, FY2024: 1.2B Gross profit, FY2024: 984.5M Net income, FY2024: 172M Revenue, FY2025: 1.3B Gross profit, FY2025: 1.1B Net income, FY2025: 219.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $378.2M $429.9M $572.9M $688.8M $406.6M $587.0M $936.8M $1.07B $1.18B $1.32B
Gross profit $255.9M $300.7M $410.3M $494.4M — $486.0M $759.6M $881.3M $984.5M $1.09B
Net income $21.5M $33.1M $88.0M $117.7M -$15.0M $42.8M $99.4M $138.3M $172.0M $219.1M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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