10-K · February 25, 2026
Planet Fitness positions itself as a low-cost, high-scale franchisor focused on the “Judgement Free Zone” experience and rapid unit growth driven by franchise partners. In 2025 the company recorded revenues of $1.3…
Earnings analysis · 10-Q
PLNT earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Planet Fitness reported Q1 2026 revenue of $337.2 million, a 21.9% increase compared to the same period last year, with EPS coming in at $0.74, beating expectations by $0.11. Despite significant revenue growth,…
Read full summary
Planet Fitness reported Q1 2026 revenue of $337.2 million, a 21.9% increase compared to the same period last year, with EPS coming in at $0.74, beating expectations by $0.11. Despite significant revenue growth, management has revised down 2026 guidance due to softer membership sign-ups and delays in price increases.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.74
What stood out
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Revenue Increases 21.9% Year-Over-Year
Total revenue reached $337.2 million, up from $276.7 million in Q1 2025.
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Earnings Per Share Beat Estimates
The reported EPS was $0.74, exceeding the consensus estimate of $0.63 by $0.11.
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Franchise Segment Revenue Growth
Franchise segment revenue increased 16.7% to $134.5 million, up from $115.2 million.
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Strong Equipment Segment Performance
Equipment segment revenue surged 123.4% to $62.1 million compared to $27.8 million last year.
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Operating Cash Flow at $147.5 Million
Operating cash flow increased from $133.9 million year-over-year.
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Cash and Cash Equivalents at $375.3 Million
Cash as of March 31, 2026, totaled $375.3 million, reflecting strong liquidity.
What to watch
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Lowered Growth Expectations
Management has reduced 2026 revenue growth guidance from approximately 9% to about 7%.
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Membership Sign-up Issues Persist
Management cited weak sign-up performances, constraining potential revenue growth.
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Increased Interest Expense
Interest expense rose by 25.8% to $33 million due to a higher principal balance.
Management's outlook
Management revised 2026 revenue growth expectations down to about 7%.
Earlier filings 4
10-Q · November 7, 2025
Planet Fitness reported Q3 revenue of $330.345M, up 13.0% year-over-year, with income from operations of $107.068M and diluted EPS of $0.70 (vs. $0.50 prior year). Corporate and franchise segments all grew, equipment…
10-Q · May 9, 2025
Planet Fitness reported first-quarter revenue of $276,662,000 and diluted EPS of $0.50 for the three months ended March 31, 2025. Gross margin remained elevated at ~91.9% and operating income rose to $79,202,000;…
10-Q · November 7, 2024
Planet Fitness reported quarterly revenue of $292.246M and diluted EPS of $0.50 for the three months ended September 30, 2024. Revenue and operating income both increased year-over-year (revenue +$14.695M, operating…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.