BODI
BODI
The Beachbody Company, Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $55.54M ▼ | $33.17M ▼ | $5.22M ▲ | 9.4% ▲ | $0.74 ▲ | $15.88M ▲ |
| Q3-2025 | $59.89M ▼ | $39.67M ▼ | $3.57M ▲ | 5.96% ▲ | $0.51 ▲ | $8.38M ▲ |
| Q2-2025 | $63.94M ▼ | $47.71M ▼ | $-5.9M ▼ | -9.23% ▼ | $-0.85 ▼ | $-182K ▼ |
| Q1-2025 | $72.36M ▼ | $55.22M ▼ | $-5.75M ▲ | -7.94% ▲ | $-0.84 ▲ | $1.48M ▲ |
| Q4-2024 | $86.37M | $93.77M | $-34.56M | -40.01% | $-5.04 | $-17.03M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $39.02M ▲ | $147.03M ▲ | $115.72M ▼ | $31.32M ▲ |
| Q3-2025 | $33.95M ▲ | $146.41M ▲ | $121.72M ▼ | $24.69M ▲ |
| Q2-2025 | $25.46M ▲ | $145.89M ▼ | $125.74M ▼ | $20.16M ▼ |
| Q1-2025 | $18.03M ▼ | $152.54M ▼ | $128.5M ▼ | $24.04M ▼ |
| Q4-2024 | $20.19M | $174.56M | $146.39M | $28.17M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $5.22M ▲ | $4.98M ▼ | $-701K ▲ | $519K ▲ | $5.07M ▼ | $4.28M ▼ |
| Q3-2025 | $3.57M ▲ | $10.19M ▲ | $-1.19M ▲ | $-274K ▼ | $8.39M ▲ | $9M ▲ |
| Q2-2025 | $-5.9M ▼ | $4.24M ▲ | $-1.82M ▼ | $4.51M ▲ | $7.43M ▲ | $2.42M ▲ |
| Q1-2025 | $-5.75M ▲ | $2.34M ▲ | $-694K ▼ | $-3.73M ▲ | $-2.06M ▲ | $1.65M ▲ |
| Q4-2024 | $-34.56M | $-6.73M | $-568K | $-4.06M | $-12.13M | $-7.3M |
Revenue by Products
| Product | Q4-2024 | Q1-2025 | Q2-2025 | Q4-2025 |
|---|---|---|---|---|
Connected Fitness | $10.00M ▲ | $0 ▼ | $0 ▲ | $0 ▲ |
Digital | $110.00M ▲ | $40.00M ▼ | $40.00M ▲ | $70.00M ▲ |
Nutrition And Other | $90.00M ▲ | $30.00M ▼ | $20.00M ▼ | $40.00M ▲ |
Revenue by Geography
| Region | Q4-2024 | Q1-2025 | Q2-2025 | Q4-2025 |
|---|---|---|---|---|
NonUS | $20.00M ▲ | $10.00M ▼ | $0 ▼ | $10.00M ▲ |
UNITED STATES | $190.00M ▲ | $70.00M ▼ | $60.00M ▼ | $110.00M ▲ |
Q3 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at The Beachbody Company, Inc.'s financial evolution and strategic trajectory over the past five years.
Key strengths include strong gross margins, solid operating and free cash flow generation in the most recent period, and a balance sheet with low debt and net cash. The company also benefits from decades of brand equity, a deep content library, and a loyal community base built around well‑known programs and nutrition products. Its willingness to invest in technology and to rethink its business model shows strategic flexibility rather than complacency in the face of industry change.
Major risks center on profitability, liquidity, and execution. Despite healthy gross margins and positive cash flow, BODI continues to post net losses and carries a large accumulated deficit, signaling that past attempts to scale have not generated durable earnings. Liquidity ratios are tighter than ideal, leaving less room for operational missteps, even though absolute debt is low. The competitive environment is intense, with low switching costs for customers and numerous alternatives. Finally, the transition away from an MLM model and into an affiliate‑driven, holistic digital platform involves significant execution risk, both operationally and culturally.
The outlook is finely balanced. BODI has enough brand strength, content depth, and cash generation ability to potentially complete its pivot to a leaner, more modern digital wellness business. The strategic plan—centered on the BODi platform, Health Esteem positioning, retail expansion of nutrition products, and a new affiliate model—provides a clear path toward a lower break‑even point and eventual profitability. However, success is not guaranteed; it will depend on stabilizing revenue, improving operating efficiency, and maintaining cash discipline in a fiercely competitive and rapidly evolving fitness landscape. Monitoring the company’s ability to grow or at least stabilize its top line while lifting operating margins will be crucial for assessing how the story develops from here.
About The Beachbody Company, Inc.
https://thebeachbodycompany.comThe Beachbody Company, Inc. operates as a subscription health and wellness company that provides fitness, nutrition, and stress-reducing programs in the United States and internationally.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $55.54M ▼ | $33.17M ▼ | $5.22M ▲ | 9.4% ▲ | $0.74 ▲ | $15.88M ▲ |
| Q3-2025 | $59.89M ▼ | $39.67M ▼ | $3.57M ▲ | 5.96% ▲ | $0.51 ▲ | $8.38M ▲ |
| Q2-2025 | $63.94M ▼ | $47.71M ▼ | $-5.9M ▼ | -9.23% ▼ | $-0.85 ▼ | $-182K ▼ |
| Q1-2025 | $72.36M ▼ | $55.22M ▼ | $-5.75M ▲ | -7.94% ▲ | $-0.84 ▲ | $1.48M ▲ |
| Q4-2024 | $86.37M | $93.77M | $-34.56M | -40.01% | $-5.04 | $-17.03M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $39.02M ▲ | $147.03M ▲ | $115.72M ▼ | $31.32M ▲ |
| Q3-2025 | $33.95M ▲ | $146.41M ▲ | $121.72M ▼ | $24.69M ▲ |
| Q2-2025 | $25.46M ▲ | $145.89M ▼ | $125.74M ▼ | $20.16M ▼ |
| Q1-2025 | $18.03M ▼ | $152.54M ▼ | $128.5M ▼ | $24.04M ▼ |
| Q4-2024 | $20.19M | $174.56M | $146.39M | $28.17M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $5.22M ▲ | $4.98M ▼ | $-701K ▲ | $519K ▲ | $5.07M ▼ | $4.28M ▼ |
| Q3-2025 | $3.57M ▲ | $10.19M ▲ | $-1.19M ▲ | $-274K ▼ | $8.39M ▲ | $9M ▲ |
| Q2-2025 | $-5.9M ▼ | $4.24M ▲ | $-1.82M ▼ | $4.51M ▲ | $7.43M ▲ | $2.42M ▲ |
| Q1-2025 | $-5.75M ▲ | $2.34M ▲ | $-694K ▼ | $-3.73M ▲ | $-2.06M ▲ | $1.65M ▲ |
| Q4-2024 | $-34.56M | $-6.73M | $-568K | $-4.06M | $-12.13M | $-7.3M |
Revenue by Products
| Product | Q4-2024 | Q1-2025 | Q2-2025 | Q4-2025 |
|---|---|---|---|---|
Connected Fitness | $10.00M ▲ | $0 ▼ | $0 ▲ | $0 ▲ |
Digital | $110.00M ▲ | $40.00M ▼ | $40.00M ▲ | $70.00M ▲ |
Nutrition And Other | $90.00M ▲ | $30.00M ▼ | $20.00M ▼ | $40.00M ▲ |
Revenue by Geography
| Region | Q4-2024 | Q1-2025 | Q2-2025 | Q4-2025 |
|---|---|---|---|---|
NonUS | $20.00M ▲ | $10.00M ▼ | $0 ▼ | $10.00M ▲ |
UNITED STATES | $190.00M ▲ | $70.00M ▼ | $60.00M ▼ | $110.00M ▲ |
Q3 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at The Beachbody Company, Inc.'s financial evolution and strategic trajectory over the past five years.
Key strengths include strong gross margins, solid operating and free cash flow generation in the most recent period, and a balance sheet with low debt and net cash. The company also benefits from decades of brand equity, a deep content library, and a loyal community base built around well‑known programs and nutrition products. Its willingness to invest in technology and to rethink its business model shows strategic flexibility rather than complacency in the face of industry change.
Major risks center on profitability, liquidity, and execution. Despite healthy gross margins and positive cash flow, BODI continues to post net losses and carries a large accumulated deficit, signaling that past attempts to scale have not generated durable earnings. Liquidity ratios are tighter than ideal, leaving less room for operational missteps, even though absolute debt is low. The competitive environment is intense, with low switching costs for customers and numerous alternatives. Finally, the transition away from an MLM model and into an affiliate‑driven, holistic digital platform involves significant execution risk, both operationally and culturally.
The outlook is finely balanced. BODI has enough brand strength, content depth, and cash generation ability to potentially complete its pivot to a leaner, more modern digital wellness business. The strategic plan—centered on the BODi platform, Health Esteem positioning, retail expansion of nutrition products, and a new affiliate model—provides a clear path toward a lower break‑even point and eventual profitability. However, success is not guaranteed; it will depend on stabilizing revenue, improving operating efficiency, and maintaining cash discipline in a fiercely competitive and rapidly evolving fitness landscape. Monitoring the company’s ability to grow or at least stabilize its top line while lifting operating margins will be crucial for assessing how the story develops from here.

CEO
Carl D. Daikeler
Compensation Summary
(Year )
Upcoming Earnings
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2023-11-22 | Reverse | 1:50 |
ETFs Holding This Stock
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Ratings Snapshot
Rating : D+
Most Recent Analyst Grades
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Price Target
Institutional Ownership
RAINE CAPITAL LLC
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Value:$7.38M
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