Planet Fitness Inc. (PLNT) financial statements: income statement, balance sheet and cash flow
Planet Fitness 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), Planet Fitness Inc. reported revenue of $1.3B (+12.1% year on year) and net income of $220.3M (+26.4% year on year).
Income statement
Planet Fitness 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
$1.3B
$1.2B
$1.1B
$936.8M
Cost of revenue
$230.3M
$197.1M
$190.0M
$177.2M
Club operations
$318.5M
$290.5M
—
—
Selling, general and administrative
$137.6M
$129.1M
$124.9M
$114.9M
National advertising fund expense
$87.6M
$79.0M
$70.1M
$66.1M
Depreciation and amortization
$155.8M
$160.3M
$149.4M
$124.0M
Other (gain) loss, net
($385.0K)
$1.3M
$10.4M
$5.1M
Total operating costs and expenses
$929.5M
$857.5M
$798.5M
$706.7M
Income from operations
$394.7M
$324.2M
$272.9M
$230.1M
Interest income
$23.0M
$23.1M
$17.7M
$5.0M
Interest expense
($108.2M)
($100.0M)
($86.6M)
($88.6M)
Other (expense) income, net
($454.0K)
($548.0K)
$3.5M
$15.0M
Total other expense, net
($85.7M)
($77.5M)
($65.3M)
($68.6M)
Income before income taxes
$309.0M
$246.7M
$207.5M
$161.4M
Provision for income taxes
$85.9M
$68.4M
$58.5M
$50.5M
Losses from equity-method investments, net of tax
($2.8M)
($4.0M)
($2.0M)
($467.0K)
Net income
$220.3M
$174.2M
$147.0M
$110.5M
Less net income attributable to non-controlling interests
$1.2M
$2.2M
$8.7M
$11.1M
Net income attributable to Planet Fitness, Inc.
$219.1M
$172.0M
$138.3M
$99.4M
Basic (in usd per share)
$2.62
$2.01
$1.63
$1.18
Diluted (in usd per share)
$2.62
$2.00
$1.62
$1.18
Basic (in shares)
83.5M
85.6M
84.9M
84.1M
Diluted (in shares)
83.7M
85.8M
85.2M
84.5M
Planet Fitness Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total revenue
$365.2M
$337.2M
$330.3M
$340.9M
Cost of revenue
$64.5M
$45.3M
$58.2M
$59.4M
Club operations
$81.7M
$88.2M
$79.8M
$77.4M
Selling, general and administrative
$34.4M
$34.1M
$30.5M
$35.5M
National advertising fund expense
$32.9M
$32.2M
$21.4M
$22.8M
Depreciation and amortization
$40.1M
$40.3M
$39.1M
$38.4M
Other (gains) losses, net
($12.3M)
($1.6M)
($5.7M)
$4.9M
Total operating costs and expenses
$241.4M
$238.6M
$223.3M
$238.5M
Income from operations
$123.8M
$98.7M
$107.1M
$102.4M
Interest income
$5.3M
$5.7M
$5.9M
$5.7M
Interest expense
($33.4M)
($33.0M)
($26.3M)
($26.2M)
Other income, net
$446.0K
$615.0K
$1.1M
$1.9M
Total other (expense), net
($27.7M)
($26.7M)
($19.3M)
($18.5M)
Income before income taxes
$96.1M
$72.0M
$87.7M
$83.9M
Provision for income taxes
$28.5M
$19.3M
$28.0M
$24.9M
Loss from equity-method investments, net of tax
($212.0K)
($874.0K)
($572.0K)
($628.0K)
Net income
$67.4M
$51.8M
$59.2M
$58.3M
Less: net income attributable to non-controlling interests
$322.0K
$242.0K
$354.0K
$276.0K
Net income attributable to Planet Fitness, Inc.
$67.1M
$51.6M
$58.8M
$58.0M
Basic (in usd per share)
$0.87
$0.65
$0.70
$0.69
Diluted (in usd per share)
$0.87
$0.65
$0.70
$0.69
Basic (in shares)
77.0M
79.6M
83.5M
83.9M
Diluted (in shares)
77.1M
79.8M
83.7M
84.1M
Balance sheet
Planet Fitness 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
$345.7M
$293.1M
$275.8M
$409.8M
Restricted cash
$66.3M
$56.5M
$46.3M
$62.7M
Short-term marketable securities
$106.8M
$114.2M
$74.9M
—
Accounts receivable, net of allowances for uncollectible amounts of $428 and $30 as of December 31, 2025 and 2024, respectively
$70.4M
$77.1M
$41.9M
$46.2M
Inventory
$7.6M
$6.1M
$4.7M
$5.3M
Prepaid expenses
$24.6M
$21.5M
$13.8M
$11.1M
Other receivables
$34.1M
$16.8M
$11.1M
$15.0M
Income tax receivable
$3.0M
$2.6M
$3.3M
$5.5M
Total current assets
$658.4M
$588.0M
$471.8M
$555.5M
Long-term marketable securities
$88.3M
$65.7M
$50.9M
—
Investments, net of allowance for expected credit losses of $24,424 and $18,834 as of December 31, 2025 and 2024, respectively
$69.7M
$75.7M
$77.5M
—
Property and equipment, net of accumulated depreciation of $453,852 and $370,118, as of December 31, 2025 and 2024, respectively
$466.7M
$424.0M
$390.4M
$348.8M
Right-of-use assets, net
$409.3M
$395.2M
$381.0M
$346.9M
Intangible assets, net
$286.4M
$323.3M
$372.5M
$417.1M
Goodwill
$712.5M
$720.6M
$717.5M
$702.7M
Deferred income taxes
$406.7M
$470.2M
$504.2M
$454.6M
Other assets, net
$5.4M
$7.1M
$3.9M
$3.9M
Total assets
$3.1B
$3.1B
$3.0B
$2.9B
Current maturities of long-term debt
$23.9M
$22.5M
$20.8M
$20.8M
Accounts payable
$39.7M
$32.9M
$23.8M
$20.6M
Accrued expenses
$75.4M
$67.9M
$66.3M
$67.0M
Equipment deposits
$10.2M
$1.9M
$4.5M
$8.4M
Deferred revenue, current
$58.6M
$62.1M
$59.6M
$53.8M
Payable pursuant to tax benefit arrangements, current
$55.5M
$55.6M
$41.3M
$31.9M
Other current liabilities
$49.3M
$39.7M
$35.1M
$42.1M
Total current liabilities
$312.5M
$282.5M
$251.3M
$244.5M
Long-term debt, net of current maturities
$2.5B
$2.1B
$2.0B
$2.0B
Lease liabilities, net of current portion
$419.1M
$405.3M
$381.6M
$341.8M
Deferred revenue, net of current portion
$29.7M
$32.0M
$32.0M
$33.2M
Deferred tax liabilities
$1.2M
$1.4M
$1.6M
$1.5M
Payable pursuant to tax benefit arrangements, net of current portion
$360.3M
$411.4M
$454.4M
$462.5M
Other liabilities
$5.7M
$4.5M
$4.8M
$4.5M
Total noncurrent liabilities
$3.3B
$3.0B
$2.8B
$2.8B
Common stock, value
$8.0K
$9.0K
$9.0K
$9.0K
Additional paid in capital
$623.3M
$609.1M
$575.6M
$505.1M
Accumulated other comprehensive income (loss)
$1.3M
($2.3M)
$172.0K
($448.0K)
Accumulated deficit
($1.1B)
($822.2M)
($691.5M)
($703.7M)
Total stockholders’ deficit attributable to Planet Fitness, Inc.
($482.8M)
($215.4M)
($115.6M)
($199.0M)
Non-controlling interests
($601.0K)
$7.0K
($3.3M)
($12.5M)
Total stockholders’ deficit
($483.4M)
($215.4M)
($119.0M)
($211.6M)
Total liabilities and stockholders’ deficit
$3.1B
$3.1B
$3.0B
$2.9B
Planet Fitness Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$298.3M
$375.3M
$329.0M
$335.7M
Restricted cash
$72.9M
$81.2M
$56.4M
$56.5M
Short-term marketable securities
$102.5M
$98.5M
$114.4M
$107.0M
Accounts receivable, net of allowances for uncollectible amounts of $35 and $428 as of June 30, 2026 and December 31, 2025, respectively
$65.6M
$41.1M
$70.4M
$72.8M
Inventory
$9.2M
$4.8M
$7.0M
$4.3M
Restricted assets - national advertising fund
$9.6M
$15.4M
—
$9.1M
Prepaid expenses
$24.7M
$26.3M
$23.2M
$19.2M
Other receivables
$43.5M
$42.6M
$15.7M
$25.0M
Income tax receivable and prepayments
$1.8M
—
$9.6M
$7.8M
Total current assets
$628.1M
$687.1M
$625.6M
$637.4M
Long-term marketable securities
$70.7M
$97.0M
$78.2M
$83.3M
Investments, net of allowance for expected credit losses of $25,447 and $24,424 as of June 30, 2026 and December 31, 2025, respectively
$56.5M
$68.9M
$70.4M
$70.9M
Property and equipment, net of accumulated depreciation of $509,156 and $453,852, as of June 30, 2026 and December 31, 2025, respectively
$466.5M
$452.2M
$448.3M
$430.4M
Right-of-use assets, net
$404.7M
$398.7M
$403.3M
$417.6M
Intangible assets, net
$270.4M
$278.4M
$295.6M
$305.0M
Goodwill
$712.3M
$712.3M
$710.6M
$721.1M
Deferred income taxes
$376.7M
$394.8M
$415.7M
$443.1M
Other assets, net
$19.2M
$15.3M
$10.5M
$10.4M
Total assets
$3.0B
$3.1B
$3.1B
$3.1B
Current maturities of long-term debt
$25.8M
$25.8M
$22.5M
$22.5M
Borrowings under Variable Funding Notes
$75.0M
—
—
—
Accounts payable
$52.2M
$33.1M
$48.0M
$49.1M
Accrued expenses
$63.4M
$68.8M
$61.2M
$57.8M
Equipment deposits
$7.3M
$7.4M
$11.2M
$7.9M
Deferred revenue, current
$80.9M
$86.4M
$65.2M
$77.3M
Payable pursuant to tax benefit arrangements, current
$38.4M
$55.5M
$49.7M
$55.0M
Other current liabilities
$53.6M
$54.8M
$40.1M
$40.6M
Total current liabilities
$396.5M
$331.7M
$300.4M
$310.2M
Long-term debt, net of current maturities
$2.4B
$2.5B
$2.1B
$2.1B
Lease liabilities, net of current portion
$415.6M
$407.0M
$417.6M
$432.9M
Deferred revenue, net of current portion
$30.2M
$29.1M
$30.2M
$30.8M
Deferred tax liabilities
$968.0K
$1.1M
$620.0K
$1.3M
Payable pursuant to tax benefit arrangements, net of current portion
$322.9M
$360.3M
$363.4M
$358.6M
Other liabilities
$5.2M
$4.9M
$5.2M
$4.3M
Total noncurrent liabilities
$3.2B
$3.3B
$3.0B
$3.0B
Common stock, value
$8.0K
$8.0K
$9.0K
$9.0K
Additional paid in capital
$630.3M
$625.6M
$618.9M
$615.0M
Accumulated other comprehensive (loss) income
($836.0K)
($605.0K)
$1.1M
$1.0M
Accumulated deficit
($1.2B)
($1.1B)
($814.8M)
($774.8M)
Total stockholders’ deficit attributable to Planet Fitness, Inc.
($612.7M)
($482.2M)
($194.8M)
($158.7M)
Non-controlling interests
($2.0M)
($572.0K)
$406.0K
$413.0K
Total stockholders’ deficit
($614.7M)
($482.8M)
($194.4M)
($158.3M)
Total liabilities and stockholders’ deficit
$3.0B
$3.1B
$3.1B
$3.1B
Cash flow statement
Planet Fitness 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
$220.3M
$174.2M
$147.0M
$110.5M
Depreciation and amortization
$155.8M
$160.3M
$149.4M
$124.0M
Equity-based compensation
$12.3M
$8.9M
$7.9M
$8.1M
Deferred tax expense
$63.9M
$55.7M
$51.2M
$48.6M
Amortization of deferred financing costs
$5.4M
$5.4M
$5.5M
$5.5M
Loss on extinguishment of debt
$1.7M
$2.3M
—
—
Accretion of marketable securities discount
($1.3M)
($3.3M)
($3.3M)
—
Losses from equity-method investments, net of tax
$2.8M
$4.0M
$2.0M
$467.0K
Dividends accrued on held-to-maturity investment
($2.3M)
($2.2M)
($2.1M)
($1.9M)
Credit loss on held-to-maturity investment
$5.6M
$1.1M
$2.7M
($2.5M)
Loss (gain) on re-measurement of tax benefit arrangement liability
$2.4M
$1.3M
($2.0M)
($13.8M)
Gain on sale of corporate-owned clubs
($6.4M)
—
$0
($1.3M)
Gain on insurance proceeds
($1.5M)
—
—
—
Other
$154.0K
$1.3M
($394.0K)
$262.0K
Accounts receivable
$7.2M
($36.5M)
$4.8M
($19.2M)
Inventory
($1.4M)
($1.5M)
$599.0K
($4.1M)
Other assets and other current assets
($15.9M)
($11.8M)
$929.0K
($5.2M)
Accounts payable and accrued expenses
$6.9M
$17.3M
($975.0K)
($14.7M)
Other liabilities and other current liabilities
$18.0K
($519.0K)
($8.1M)
$8.6M
Income taxes
$498.0K
$407.0K
$2.2M
($1.7M)
Payments pursuant to tax benefit arrangements
($54.3M)
($44.9M)
($34.8M)
($19.3M)
Equipment deposits
$8.3M
($2.7M)
($3.9M)
$2.5M
Deferred revenue
($3.3M)
$2.8M
$3.9M
$9.4M
Leases
$11.6M
$12.8M
$7.5M
$3.2M
Net cash provided by operating activities
$418.4M
$343.9M
$330.3M
$240.2M
Additions to property and equipment
($163.7M)
($155.1M)
($136.0M)
($100.1M)
Insurance proceeds for property and equipment
$2.1M
—
—
—
Payment of consideration for acquired clubs
($3.1M)
—
—
—
Proceeds from sale of corporate-owned clubs
$21.6M
$0
$0
$20.8M
Purchases of marketable securities
($156.1M)
($155.4M)
($203.3M)
—
Maturities of marketable securities
$141.6M
$103.7M
$80.5M
—
Issuance of note receivable, related party
($2.6M)
($2.1M)
—
—
Other investments
$112.0K
($1.1M)
($38.0M)
—
Net cash used in investing activities
($160.2M)
($208.7M)
($340.0M)
($506.6M)
Proceeds from issuance of long-term debt
$750.0M
$800.0M
$0
$900.0M
Repayment of long-term debt
($431.6M)
($608.7M)
($20.7M)
($724.8M)
Payment of deferred financing and other debt-related costs
($13.8M)
($12.1M)
$0
($16.2M)
Repurchase and retirement of Class A common stock
($500.4M)
($300.2M)
($125.0M)
($94.3M)
Proceeds from issuance of Class A common stock
$1.9M
$21.9M
$9.2M
$925.0K
Principal payments on capital lease obligations
($149.0K)
($98.0K)
($193.0K)
($268.0K)
Payment of share repurchase excise tax
($2.5M)
($1.0M)
—
—
Distributions to members of Pla-Fit Holdings
($1.5M)
($4.8M)
($4.6M)
($4.6M)
Net cash used in financing activities
($198.1M)
($105.0M)
($141.4M)
$135.7M
Effects of exchange rate changes on cash and cash equivalents
$2.1M
($2.6M)
$776.0K
($808.0K)
Net increase (decrease) in cash, cash equivalents and restricted cash
$62.3M
$27.6M
($150.4M)
($131.4M)
Planet Fitness 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
$119.2M
$51.8M
$159.6M
$100.4M
Depreciation and amortization
$80.4M
$40.3M
$115.8M
$76.7M
Equity-based compensation expense
$6.3M
$3.0M
$9.1M
$6.1M
Deferred tax expense
$29.9M
$11.8M
$54.4M
$27.6M
Amortization of deferred financing costs
$2.9M
$1.5M
$4.0M
$2.6M
Accretion of marketable securities discount
($200.0K)
($131.0K)
($1.1M)
($837.0K)
Losses from equity-method investments, net of tax
$1.1M
$874.0K
$2.0M
$1.4M
Dividends accrued on held-to-maturity investment
($1.2M)
($603.0K)
($1.7M)
($1.1M)
Credit loss on held-to-maturity investment
$1.0M
$502.0K
$5.1M
$4.6M
Gain on re-measurement of tax benefit arrangement liability
$0
$0
($1.8M)
($1.3M)
Gain on sale of equity-method investment
($12.5M)
—
—
—
Gain on insurance proceeds
$0
$0
($1.5M)
($1.5M)
Other
($1.7M)
($697.0K)
($150.0K)
$210.0K
Accounts receivable
$5.3M
$29.4M
$7.5M
$4.7M
Inventory
($1.6M)
$2.8M
($836.0K)
$1.8M
Other assets and other current assets
$2.4M
$1.6M
$1.6M
($5.4M)
Restricted assets - national advertising fund
($9.6M)
($15.4M)
$2.6M
($9.0M)
Accounts payable and accrued expenses
($894.0K)
($12.3M)
($3.7M)
$1.3M
Other liabilities and other current liabilities
$68.0K
($724.0K)
$327.0K
($427.0K)
Income taxes
$1.5M
$6.7M
($5.1M)
($4.8M)
Payments pursuant to tax benefit arrangements
($54.4M)
($10.0K)
($52.8M)
($52.7M)
Equipment deposits
($2.9M)
($2.8M)
$9.3M
$6.0M
Deferred revenue
$22.9M
$27.3M
$3.9M
$13.8M
Leases
$5.4M
$2.6M
$9.3M
$7.6M
Net cash provided by operating activities
$193.4M
$147.5M
$309.4M
$177.9M
Additions to property and equipment
($67.4M)
($25.5M)
($113.6M)
($58.8M)
Insurance proceeds for property and equipment
$0
$0
$2.1M
$2.1M
Payment of deferred consideration for acquired clubs
$0
$0
($1.5M)
($1.5M)
Proceeds from sale of equity-method investment
$24.3M
—
—
—
Purchases of marketable securities
($41.3M)
($36.4M)
($118.4M)
($82.0M)
Maturities of marketable securities
$62.5M
$35.3M
$106.3M
$72.0M
Issuance of note receivable, related party
($20.6M)
($20.6M)
($2.6M)
($2.6M)
Other investing activity
($37.0K)
$0
$112.0K
($32.0K)
Net cash used in investing activities
($42.6M)
($47.2M)
($106.0M)
($71.0M)
Proceeds from issuance of Variable Funding Notes
$75.0M
—
—
—
Repayment of long-term debt
($11.0M)
($4.6M)
($16.9M)
($11.3M)
Payment of deferred financing and other debt-related costs
($141.0K)
($141.0K)
$0
$0
Proceeds from issuance of Class A common stock
$856.0K
$613.0K
$1.5M
$1.2M
Repurchase and retirement of Class A common stock
($251.3M)
($51.1M)
($150.0M)
($52.1M)
Principal payments on capital lease obligations
($100.0K)
($45.0K)
($93.0K)
($51.0K)
Payment of share repurchase excise tax
($4.2M)
—
($2.5M)
($2.5M)
Distributions paid to members of Pla-Fit Holdings
($659.0K)
($365.0K)
($1.5M)
($1.3M)
Net cash used in financing activities
($191.4M)
($55.6M)
($169.6M)
($66.1M)
Effects of exchange rate changes on cash and cash equivalents
($157.0K)
($172.0K)
$2.0M
$1.7M
Net (decrease) increase in cash, cash equivalents and restricted cash