LTH earnings analysis
What we found in LTH's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Life Time Group Holdings, Inc. reported Q1 2026 results, achieving revenue of $788.7 million and EPS of $0.39, both surpassing expectations. The company improved its full-year revenue outlook due to strong membership growth and higher average dues, coupled with robust performance in in-center services.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Record Revenue for Q1 2026
- Revenue reached $788.7 million, up from $706.0 million in Q1 2025, representing a 11.6% increase year-over-year.
- Improved Gross Margin
- Gross margin for the quarter improved to 48.5% compared to 47.5% in Q1 2025.
- Increased EPS
- Diluted EPS increased to $0.39 from $0.34 in the prior year, reflecting a strong profit growth.
- Strong Membership Growth
- Total memberships grew to 888,050, up from 879,751 a year ago.
- Centres Revenue Growth
- Center revenue rose to $767.6 million, a significant increase of $81.9 million from Q1 2025.
- Significant Cash Availability
- Total cash and cash equivalents reached $120 million, along with $616.9 million available under the credit facility.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Negative Free Cash Flow
- Free cash flow was negative at $(61.2) million, a decrease from $41.4 million positive in Q1 2025.
- Increased Operational Expenses
- Total operating expenses increased to $653.9 million, up from $598.4 million in the comparable quarter.
- Rising Interest Expenses
- Interest expense decreased to $15.7 million, down from $25.1 million a year earlier but still represents a cost concern moving forward.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.39
- Gross margin
- 48.5%
- Operating margin
- 17.1%
What they said about what is next.
Full-year revenue guidance increased to $3.320-$3.350 billion, up from a prior range.
The filing reads better than the one before it.
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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