Logo

LTH

Life Time Group Holdings, Inc.

LTH

Life Time Group Holdings, Inc. • NYSE
$27.91 ▲ 0.02% (+0.01)
Market Cap $6.15 B
52w High $34.99
52w Low $21.49
Dividend Yield 0%
P/E 21.8
Volume 861.04K
Outstanding Shares 220.51M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $782.649M ▲ $232.676M ▼ $102.427M ▲ 13.087% ▲ $0.47 ▲ $232.882M ▲
Q2-2025 $761.469M ▲ $249.095M ▲ $72.102M ▼ 9.469% ▼ $0.33 ▼ $181.437M ▲
Q1-2025 $706.041M ▲ $227.384M ▼ $76.142M ▲ 10.784% ▲ $0.36 ▲ $178.589M ▲
Q4-2024 $663.283M ▼ $232.431M ▲ $37.163M ▼ 5.603% ▼ $0.18 ▼ $156.371M ▼
Q3-2024 $693.234M $228.405M $41.355M 5.966% $0.2 $163.03M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $241.438M ▲ $7.827B ▲ $4.842B ▲ $2.985B ▲
Q2-2025 $175.509M ▲ $7.6B ▲ $4.731B ▲ $2.869B ▲
Q1-2025 $59.001M ▲ $7.313B ▲ $4.579B ▲ $2.734B ▲
Q4-2024 $10.879M ▼ $7.153B ▼ $4.542B ▼ $2.61B ▲
Q3-2024 $120.947M $7.18B $4.618B $2.562B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $102.427M ▲ $251.112M ▲ $-205.432M ▼ $-365K ▼ $45.189M ▼ $28.618M ▲
Q2-2025 $72.102M ▼ $195.698M ▲ $-89.008M ▲ $11.911M ▲ $118.778M ▲ $-26.306M ▼
Q1-2025 $76.142M ▲ $183.856M ▲ $-141.643M ▼ $7.38M ▲ $49.593M ▲ $41.374M ▲
Q4-2024 $37.163M ▼ $163.141M ▲ $-130.641M ▼ $-141.637M ▼ $-109.175M ▼ $26.819M ▼
Q3-2024 $41.355M $151.146M $-7.822M $-55.646M $87.695M $64.04M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
InCenter
InCenter
 $170.00M ▲$180.00M ▲$210.00M ▲$210.00M ▲
Membership
Membership
 $480.00M ▲$500.00M ▲$530.00M ▲$550.00M ▲
Product and Service Other
Product and Service Other
 $20.00M ▲$20.00M ▲$30.00M ▲$20.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Life Time’s income statement shows a clear turnaround story. Revenue has grown strongly every year since 2020, and the company has moved from sizable losses to modest but real profitability. Profitability at the operating level has improved steadily as club usage recovered and scale kicked in. Margins are moving in the right direction, but they are still more in “early innings” than fully mature, meaning the business is profitable but not yet comfortably so. Overall, the trend is positive: bigger business, better cost absorption, and a shift from break-even to earning money for shareholders.

Balance Sheet

Balance Sheet The balance sheet is asset-heavy and debt-heavy. Life Time owns or controls a large base of club-related assets, which supports its premium, resort-style model, but this has been financed with substantial borrowing. Debt levels remain high relative to the size of the business, while cash on hand is very thin, which raises sensitivity to interest costs and refinancing conditions. On the positive side, equity has been building over time, reflecting retained value and the move back to profitability. In short, the company has a solid asset platform but carries meaningful financial leverage that needs ongoing careful management.

Cash Flow

Cash Flow Cash flow from the core business has improved a lot: operations now generate healthy positive cash, whereas a few years ago the company was burning cash. However, Life Time also spends heavily on building and upgrading clubs, so capital spending remains large. Free cash flow only recently tipped into slightly positive territory and has been negative in prior years, mainly because of expansion. This means the business model can fund itself operationally, but growth and new projects still consume significant cash and keep the overall cash picture tight.

Competitive Edge

Competitive Edge Life Time occupies a differentiated, premium niche in fitness and wellness. Its “athletic country club” format, with large resort-style facilities and broad amenities, is hard for low-cost gyms or small studios to copy. The brand targets more affluent, family-oriented members who are less price-sensitive and more focused on experience, community, and convenience, which supports retention and premium pricing. Its scale, strong brand reputation, and strategic real estate footprint create meaningful barriers to entry. The main trade-off is that this model is capital intensive and slower to roll out than smaller, budget concepts, but the customers it attracts tend to be more loyal and engaged.

Innovation and R&D

Innovation and R&D Innovation is a clear strength for Life Time. The company blends physical clubs with a robust digital platform, including an AI-powered concierge, personalized programs, and rich on-demand content. Beyond fitness, it is expanding into co-working, residential communities, medical wellness, longevity services, and branded nutrition products. These initiatives deepen member engagement, open up new spending categories, and strengthen the ecosystem around the core membership. The key question is execution: these are promising, high-value concepts, but they add complexity and require careful rollout, integration, and proof of profitability over time.

Summary

Life Time has evolved from a struggling, pandemic-hit gym operator into a growing, increasingly profitable lifestyle and wellness platform. Revenues and margins are on a clear upward path, and the business now generates solid operating cash flow. At the same time, the model is capital intensive, with high debt and limited cash cushions, so balance sheet risk remains an important consideration. Competitively, the company enjoys a strong brand, affluent member base, and a differentiated “athletic country club” proposition that is difficult to replicate. Its push into digital tools, longevity, co-working, residential, and nutrition positions it to capture a larger share of the wellness wallet. The overall picture is of a company with a strong strategic position and improving financial performance, balanced by leverage and execution risks tied to its ambitious growth and innovation agenda.

NEWS

November 21, 2025 · 9:05 AM UTC

Life Time Experts Share What to Look for in a Creatine Supplement -- Beware of Hype and Focus on Purity and Proof

Read more

November 6, 2025 · 10:53 AM UTC

Life Time Expands CTR Reformer Workout Nationwide Amid Soaring Demand

Read more

November 4, 2025 · 6:45 AM UTC

Life Time Reports Third Quarter 2025 Financial Results

Read more

October 30, 2025 · 1:59 PM UTC

It's Coming Nov. 2-Beat the Upcoming Daylight Savings Slump with These Six Expert Tips from Life Time's Chief Science Officer Jim LaValle

Read more

October 28, 2025 · 1:50 PM UTC

327 Luxury Life Time Living Wellness Residences to be Part of PV Development in Phoenix, Arizona

Read more