Planet Fitness, Inc. Announces Fourth Quarter and Year-End 2025 Results

Core Insights - Planet Fitness reported a strong financial performance for the fourth quarter and fiscal year 2025, with significant increases in revenue, net income, and membership growth [1][2][3] Financial Performance - Total revenue for Q4 2025 increased by 10.5% to $376.3 million from $340.5 million in Q4 2024 [1][2] - Fiscal year 2025 total revenue rose by 12.1% to $1.3 billion compared to $1.2 billion in the previous year [2][4] - Adjusted EBITDA for Q4 2025 was $146.3 million, up from $130.8 million in Q4 2024, marking an increase of $15.4 million [1][6] - Adjusted net income for Q4 2025 increased to $69.0 million, or $0.83 per diluted share, compared to $59.7 million, or $0.70 per diluted share, in the prior year [1][6] Membership and Club Growth - The company achieved net membership growth of 1.1 million in 2025, ending the year with approximately 20.8 million members [1][2] - A total of 181 new Planet Fitness clubs were opened in 2025, bringing the system-wide total to 2,896 clubs as of December 31, 2025 [1][2] Segment Performance - Equipment segment revenue for Q4 2025 increased by 15.3% to $121.2 million, driven by higher sales to existing and new franchisee-owned clubs [2][4] - Corporate-owned clubs segment revenue rose by 7.4% to $135.6 million, attributed to a same club sales increase of 6.0% [2][4] - Franchise segment revenue increased by 9.6% to $119.4 million, with higher royalty revenue contributing significantly [2][4] 2026 Outlook - The company expects to open approximately 180 to 190 new clubs in 2026 and anticipates adjusted net income per share to increase by 9% to 10% [2][3] - Revenue is projected to grow by approximately 9%, with system-wide same club sales growth expected in the range of 4% to 5% [2][3]