Life Time Group Holdings Inc. (LTH) financial statements: income statement, balance sheet and cash flow
Life Time Group Holdings Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Life Time Group Holdings Inc. reported revenue of $3.0B (+14.3% year on year) and net income of $373.7M (+139.2% year on year).
Income statement
Life Time Group Holdings Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total revenue
$3.0B
$2.6B
$2.2B
$1.8B
Center operations
$1.6B
$1.4B
$1.2B
$1.1B
Rent
$339.2M
$304.9M
$275.1M
$245.2M
General, administrative and marketing
$244.6M
$221.0M
$201.1M
$214.0M
Depreciation and amortization
$296.3M
$274.7M
$244.4M
$228.9M
Other operating expense
$65.2M
$70.4M
$86.4M
($44.4M)
Total operating expenses
$2.5B
$2.3B
$2.0B
$1.7B
Income from operations
$481.3M
$357.5M
$225.2M
$110.6M
Interest expense, net of interest income
($82.3M)
($148.1M)
($130.8M)
($113.5M)
Equity in earnings (loss) of affiliates
$232.0K
($620.0K)
$377.0K
$300.0K
Other income
$94.2M
—
—
—
Total other income (expense)
$12.2M
($148.7M)
($130.4M)
($113.2M)
Income before income taxes
$493.5M
$208.8M
$94.8M
($2.6M)
Provision for income taxes
$119.8M
$52.5M
$18.7M
($825.0K)
Net income
$373.7M
$156.2M
$76.1M
($1.8M)
Basic (in usd per share)
$1.71
$0.77
$0.39
-$0.01
Diluted (in usd per share)
$1.66
$0.74
$0.37
-$0.01
Basic (in shares)
218.0M
201.6M
195.7M
193.6M
Diluted (in shares)
225.5M
211.2M
204.0M
193.6M
Life Time Group Holdings Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total revenue
$866.0M
$788.7M
$782.6M
$761.5M
Center operations
$453.7M
$406.7M
$414.3M
$403.9M
Rent
$94.3M
$89.9M
$87.5M
$83.2M
General, administrative and marketing
$66.0M
$59.6M
$59.8M
$61.7M
Depreciation and amortization
$83.4M
$80.7M
$75.1M
$73.0M
Other operating expense
$18.8M
$16.9M
$10.2M
$31.2M
Total operating expenses
$716.3M
$653.9M
$647.0M
$653.0M
Income from operations
$149.7M
$134.8M
$135.6M
$108.4M
Interest expense, net of interest income
($17.4M)
($15.7M)
($18.4M)
($21.8M)
Equity in (loss) earnings of affiliates
($2.7M)
$126.0K
$149.0K
$37.0K
Other income
$4.9M
—
$22.0M
$12.9M
Total other expense
($15.2M)
($15.6M)
$3.7M
($8.9M)
Income before income taxes
$134.5M
$119.3M
$139.3M
$99.6M
Provision for income taxes
$33.2M
$31.2M
$36.9M
$27.5M
Net income
$101.4M
$88.1M
$102.4M
$72.1M
Basic (in usd per share)
$0.46
$0.40
$0.47
$0.33
Diluted (in usd per share)
$0.45
$0.39
$0.45
$0.32
Basic (in shares)
222.6M
221.9M
220.1M
219.3M
Diluted (in shares)
227.3M
227.5M
226.0M
225.5M
Balance sheet
Life Time Group Holdings Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$204.8M
$10.9M
$30.0M
$25.5M
Restricted cash and cash equivalents
$27.4M
$17.0M
—
—
Accounts receivable, net
$24.1M
$25.1M
$23.9M
$13.4M
Center operating supplies and inventories
$67.6M
$60.3M
$52.8M
$45.7M
Prepaid expenses and other current assets
$61.9M
$52.8M
$57.8M
$45.7M
Income tax receivable
$0
$4.9M
$10.1M
$748.0K
Total current assets
$385.8M
$171.0M
$174.5M
$131.0M
Property and equipment, net
$3.6B
$3.2B
$3.2B
$2.9B
Goodwill
$1.2B
$1.2B
$1.2B
$1.2B
Operating lease right-of-use assets
$2.5B
$2.3B
$2.2B
$2.1B
Intangible assets, net
$180.8M
$171.6M
$172.1M
$173.4M
Other assets
$93.0M
$67.6M
$75.9M
$69.7M
Total assets
$8.0B
$7.2B
$7.0B
$6.6B
Accounts payable
$90.2M
$87.8M
$81.3M
$74.0M
Construction accounts payable
$143.5M
$101.6M
$108.7M
$125.0M
Deferred revenue
$60.3M
$58.3M
$49.3M
$36.9M
Accrued expenses and other current liabilities
$214.4M
$179.4M
$185.3M
$154.4M
Current maturities of debt
$21.8M
$22.6M
$73.8M
$15.2M
Current maturities of operating lease liabilities
$79.2M
$70.5M
$58.8M
$51.9M
Total current liabilities
$609.5M
$520.1M
$557.2M
$457.4M
Long-term debt, net of current portion
$1.5B
$1.5B
$1.9B
$1.8B
Operating lease liabilities, net of current portion
$2.6B
$2.4B
$2.3B
$2.2B
Deferred income taxes, net
$172.2M
$85.3M
$56.1M
$41.4M
Other liabilities
$58.6M
$42.6M
$36.9M
$34.2M
Total liabilities
$4.9B
$4.5B
$4.8B
$4.5B
Common stock, $0.01 par value per share, 500,000 shares authorized, 221,077 and 207,495 shares issued and outstanding, respectively
$2211000.00
$2075000.00
$1967000.00
$1943000.00
Additional paid-in capital
$3.2B
$3.0B
$2.8B
$2.8B
Accumulated deficit
($46.9M)
($420.6M)
($576.8M)
($652.9M)
Accumulated other comprehensive loss
($12.1M)
($12.8M)
($6.9M)
($9.2M)
Total stockholders’ equity
$3.1B
$2.6B
$2.3B
$2.1B
Total liabilities and stockholders’ equity
$8.0B
$7.2B
$7.0B
$6.6B
Life Time Group Holdings Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$223.6M
$120.0M
$218.9M
$175.5M
Restricted cash and cash equivalents
$34.6M
$30.2M
$22.5M
$20.7M
Accounts receivable, net
$26.3M
$25.5M
$24.4M
$25.9M
Center operating supplies and inventories
$66.7M
$67.0M
$70.7M
$66.2M
Prepaid expenses and other current assets
$84.8M
$80.3M
$53.6M
$64.9M
Total current assets
$436.1M
$323.0M
$410.3M
$368.0M
Property and equipment, net
$3.8B
$3.8B
$3.5B
$3.3B
Goodwill
$1.2B
$1.2B
$1.2B
$1.2B
Operating lease right-of-use assets
$2.6B
$2.5B
$2.4B
$2.4B
Intangible assets, net
$180.7M
$180.5M
$181.1M
$171.2M
Other assets
$97.6M
$94.5M
$94.4M
$86.2M
Total assets
$8.4B
$8.1B
$7.8B
$7.6B
Accounts payable
$97.1M
$92.2M
$91.8M
$90.4M
Construction accounts payable
$170.5M
$124.8M
$134.5M
$121.5M
Deferred revenue
$58.0M
$63.3M
$55.8M
$60.9M
Accrued expenses and other current liabilities
$222.9M
$226.1M
$229.2M
$197.7M
Current maturities of debt
$31.8M
$20.7M
$23.0M
$22.9M
Current maturities of operating lease liabilities
$83.2M
$81.6M
$79.3M
$75.4M
Total current liabilities
$663.6M
$608.7M
$613.4M
$568.7M
Long-term debt, net of current portion
$1.5B
$1.5B
$1.5B
$1.5B
Operating lease liabilities, net of current portion
$2.7B
$2.6B
$2.5B
$2.5B
Deferred income taxes, net
$186.7M
$182.1M
$146.1M
$105.4M
Other liabilities
$57.5M
$55.1M
$59.2M
$69.3M
Total liabilities
$5.1B
$4.9B
$4.8B
$4.7B
Common stock, $0.01 par value per share; 500,000 shares authorized; 223,217 and 221,077 shares issued and outstanding, respectively
$2232000.00
$2225000.00
$2203000.00
$2199000.00
Additional paid-in capital
$3.2B
$3.2B
$3.2B
$3.1B
Retained earnings (accumulated deficit)
$142.6M
$41.2M
($169.9M)
($272.3M)
Accumulated other comprehensive loss
($6.2M)
($8.7M)
($11.9M)
($9.3M)
Total stockholders’ equity
$3.3B
$3.2B
$3.0B
$2.9B
Total liabilities and stockholders’ equity
$8.4B
$8.1B
$7.8B
$7.6B
Cash flow statement
Life Time Group Holdings Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$373.7M
$156.2M
$76.1M
($1.8M)
Depreciation and amortization
$296.3M
$274.7M
$244.4M
$228.9M
Deferred income taxes
$87.5M
$29.5M
$14.6M
($13.6M)
Share-based compensation
$51.8M
$51.0M
$50.1M
$37.3M
Non-cash rent expense
$32.5M
$33.7M
$37.5M
$38.5M
Impairment charges associated with long-lived assets
$9.4M
$11.0M
$14.5M
$2.1M
(Gain) loss on disposal of property and equipment, net
($12.2M)
($6.8M)
$14.1M
($100.0M)
Loss on debt extinguishment
$0
$13.8M
$0
$0
Amortization of debt discounts and issuance costs
$3.7M
$7.0M
$7.8M
$7.9M
Changes in operating assets and liabilities
$29.5M
$2.4M
$6.5M
$3.4M
Other
($1.6M)
$2.5M
($2.6M)
($1.7M)
Net cash provided by operating activities
$870.5M
$575.1M
$463.0M
$201.0M
Capital expenditures
($891.5M)
($524.5M)
($693.9M)
($591.2M)
Acquisitions, net of cash acquired
$0
$0
($5.7M)
$0
Proceeds from sale-leaseback transactions
$227.4M
$207.4M
$121.8M
$351.9M
Proceeds from the sale of land
$0
$15.6M
—
—
Other
($21.7M)
$8.8M
$3.6M
($4.2M)
Net cash used in investing activities
($685.7M)
($292.7M)
($574.2M)
($243.5M)
Proceeds from borrowings
$0
$1.5B
$44.3M
$20.1M
Repayments of debt
($20.1M)
($411.8M)
($15.0M)
($25.6M)
Proceeds from revolving credit facility
$220.0M
$1.2B
$1.4B
$805.0M
Repayments of revolving credit facility
($230.0M)
($1.3B)
($1.3B)
($785.0M)
Purchase of U.S. government obligations for the satisfaction and discharge of debt
$0
($1.4B)
—
—
Repayments of finance lease liabilities
($2.0M)
($926.0K)
($1.0M)
($1.4M)
Proceeds from financing obligations
$10.3M
$4.3M
$1.5M
$21.4M
Payments of debt discounts and issuance costs
($628.0K)
($22.3M)
($3.0M)
($43.0K)
Proceeds from the issuance of common stock, net of issuance costs
$0
$124.0M
$0
$0
Proceeds from stock option exercises
$42.5M
$25.9M
$15.8M
$3.8M
Proceeds from issuances of common stock in connection with the employee stock purchase plan
$4.3M
$2.8M
$3.5M
—
Other
($5.0M)
($1.9M)
($381.0K)
($1.3M)
Net cash provided by (used in) financing activities
$19.4M
($284.4M)
$115.6M
$36.8M
Effect of exchange rate on cash and cash equivalents and restricted cash and cash equivalents
$113.0K
($76.0K)
$61.0K
($353.0K)
Increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents
$204.3M
($2.1M)
$4.5M
($6.1M)
Cash and cash equivalents and restricted cash and cash equivalents – beginning of period
$27.9M
$30.0M
$25.5M
$31.6M
Cash and cash equivalents and restricted cash and cash equivalents – end of period
$232.2M
$27.9M
—
—
Life Time Group Holdings Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$189.5M
$88.1M
$250.7M
$148.2M
Depreciation and amortization
$164.0M
$80.7M
$219.0M
$143.9M
Deferred income taxes
$11.5M
$8.4M
$60.9M
$19.5M
Share-based compensation
$26.0M
$10.5M
$45.2M
$28.3M
Non-cash rent expense
$10.6M
$2.4M
$28.9M
$13.1M
Impairment charges associated with long-lived assets
$282.0K
$18.0K
$1.3M
$1.2M
(Gain) loss on disposal of property and equipment, net
($1.2M)
$827.0K
$5.0M
$12.6M
Amortization of debt discounts and issuance costs
$1.9M
$930.0K
$2.7M
$1.8M
Changes in operating assets and liabilities
$18.0M
$5.5M
$18.6M
$12.1M
Other
($12.2M)
$1.4M
($1.5M)
($1.2M)
Net cash provided by operating activities
$408.4M
$198.8M
$630.7M
$379.6M
Capital expenditures
($523.3M)
($260.0M)
($587.0M)
($364.5M)
Proceeds from sale-leaseback transactions
$200.2M
—
$172.7M
$138.8M
Other
$1.9M
($96.0K)
($21.8M)
($4.9M)
Net cash used in investing activities
($321.1M)
($260.1M)
($436.1M)
($230.7M)
Repayments of debt
($11.4M)
($5.7M)
($14.3M)
($11.2M)
Proceeds from revolving credit facility
$0
$0
$220.0M
$220.0M
Repayments of revolving credit facility
$0
$0
($230.0M)
($230.0M)
Repayments of finance lease liabilities
($848.0K)
($417.0K)
($1.6M)
($1.2M)
Proceeds from financing obligations
$0
—
$10.3M
$10.3M
Proceeds from stock option exercises
$42.1M
$7.3M
$37.6M
$33.9M
Common stock share repurchases
($73.4M)
($10.7M)
—
—
Proceeds from issuances of common stock in connection with the employee stock purchase plan
$0
—
$1.9M
$1.9M
Employee tax withholding associated with net share-settled share-based awards
($17.3M)
($11.0M)
—
—
Other
($6.0K)
($4.0K)
($4.3M)
($4.4M)
Net cash (used in) provided by financing activities
($60.8M)
($20.5M)
$18.9M
$19.3M
Effect of exchange rates on cash and cash equivalents and restricted cash and cash equivalents
($329.0K)
($169.0K)
$51.0K
$177.0K
Increase in cash and cash equivalents and restricted cash and cash equivalents
$26.1M
($82.0M)
$213.6M
$168.4M
Cash and cash equivalents and restricted cash and cash equivalents – beginning of period
$232.2M
$232.2M
$27.9M
$27.9M
Cash and cash equivalents and restricted cash and cash equivalents – end of period