Planet Fitness, Inc. PLNT
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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