LTH

MKT CAP:$6B

Life Time Group Holdings, Inc.

Market Cap

$6B

Consumer Cyclical·Leisure·🇺🇸 United States·NYSE

Consumer Cyc.·Leisure·🇺🇸·NYSE

Stock Price

$27.17+$0.48 (+1.80%)

Apr 23, 2026

Company Details

Life Time Group Holdings, Inc. provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating sports and athletic, professi...

CEO

Bahram Akradi

IPO Date

Oct 7, 2021

Website

www.lifetime.life

Key Metrics TTM

Revenue

$3.0B

+14.3% YoY

Net Income

$374M

EPS (Diluted)

$1.65

Free Cash Flow

-$21M

Revenue / Share

$13.21

Gross Margin

88.7%

Operating Margin

16.1%

Net Margin

12.5%

FCF Margin

-0.7%

P/S

2.0x

P/E

16.2x

Earnings Reports

Q1 2026

May 14, 2026

PENDING

FY 2025

Feb 24, 2026

$3.0B+14.3%EPS $1.66

Q4 2025

Feb 24, 2026

$745M+12.3%EPS $0.54

Q3 2025

Nov 4, 2025

$783M+12.9%EPS $0.45

Q2 2025

Aug 5, 2025

$761M+14.0%EPS $0.32

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$392M	$153M	-$11M
Q2 22	$461M	$182M	$21M
Q3 22	$496M	$201M	$56M
Q4 22	$473M	$219M	$45M
Q1 23	$511M	$237M	$67M
Q2 23	$562M	$259M	$52M
Q3 23	$585M	$266M	$47M
Q4 23	$559M	$271M	$59M
Q1 24	$597M	$275M	$72M
Q2 24	$668M	$312M	$105M
Q3 24	$693M	$322M	$94M
Q4 24	$663M	$319M	$87M
Q1 25	$706M	$335M	$108M
Q2 25	$761M	$358M	$108M
Q3 25	$783M	$368M	$136M
Q4 25	$745M	$1.6B	$130M

Valuation

Quarter	P/S	P/E
Q1 22	1.9x	—
Q2 22	1.7x	—
Q3 22	1.1x	—
Q4 22	1.5x	—
Q1 23	1.6x	48.7x
Q2 23	1.9x	46.8x
Q3 23	1.4x	45.6x
Q4 23	1.3x	38.4x
Q1 24	1.3x	40.9x
Q2 24	1.5x	33.3x
Q3 24	1.9x	34.0x
Q4 24	1.7x	28.4x
Q1 25	2.3x	30.2x
Q2 25	2.3x	28.3x
Q3 25	2.1x	21.4x
Q4 25	2.0x	15.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$9M	-$102M
Q2 22	$71M	-$71M
Q3 22	$45M	-$112M
Q4 22	$76M	-$106M
Q1 23	$74M	-$96M
Q2 23	$142M	-$24M
Q3 23	$115M	-$74M
Q4 23	$132M	-$36M
Q1 24	$90M	-$66M
Q2 24	$170M	$26M
Q3 24	$151M	$64M
Q4 24	$163M	$27M
Q1 25	$184M	$41M
Q2 25	$196M	-$26M
Q3 25	$251M	$29M
Q4 25	$240M	-$65M

Capital Expenditures

Quarter	CapEx
Q1 22	$111M
Q2 22	$142M
Q3 22	$157M
Q4 22	$181M
Q1 23	$171M
Q2 23	$166M
Q3 23	$189M
Q4 23	$168M
Q1 24	$157M
Q2 24	$144M
Q3 24	$87M
Q4 24	$136M
Q1 25	$142M
Q2 25	$222M
Q3 25	$222M
Q4 25	$305M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+57.3%	+21.6%
Q2 22	+42.7%	+15.8%
Q3 22	+28.9%	+9.5%
Q4 22	+31.1%	-38.8%
Q1 23	+30.2%	+10.0%
Q2 23	+21.8%	+15.6%
Q3 23	+17.9%	+22.2%
Q4 23	+18.2%	+17.0%
Q1 24	+16.8%	+18.3%
Q2 24	+18.9%	+10.5%
Q3 24	+18.5%	+11.3%
Q4 24	+18.7%	+15.2%
Q1 25	+18.3%	+14.0%
Q2 25	+14.0%	+16.0%
Q3 25	+12.9%	+7.9%
Q4 25	+12.3%	+6.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$21M	5.5%
Q2 22	$6M	1.3%
Q3 22	$6M	1.2%
Q4 22	$4M	0.9%
Q1 23	$6M	1.1%
Q2 23	$17M	2.9%
Q3 23	$15M	2.5%
Q4 23	$13M	2.3%
Q1 24	$8M	1.3%
Q2 24	$11M	1.7%
Q3 24	$12M	1.7%
Q4 24	$21M	3.1%
Q1 25	$12M	1.7%
Q2 25	$16M	2.2%
Q3 25	$17M	2.2%
Q4 25	$7M	0.9%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 22	$123M	—	—
Q2 22	$112M	—	—
Q3 22	$120M	—	—
Q4 22	$66M	$39M	—
Q1 23	$109M	—	—
Q2 23	$120M	—	—
Q3 23	$121M	—	—
Q4 23	$96M	$33M	—
Q1 24	$121M	—	—
Q2 24	$128M	—	—
Q3 24	$136M	—	—
Q4 24	$107M	$35M	—
Q1 25	$139M	—	—
Q2 25	$145M	—	—
Q3 25	$147M	—	—
Q4 25	—	—	$65M

Revenue Segments

Quarter	In-Center	Membership	Product and Service, Other
Q1 22	$110M	$272M	—
Q2 22	$137M	$309M	—
Q3 22	$144M	$336M	—
Q4 22	$127M	$335M	—
Q1 23	$140M	$357M	—
Q2 23	$155M	$387M	—
Q3 23	$160M	$408M	$17M
Q1 24	$155M	$425M	$16M
Q2 24	$182M	$463M	$23M
Q3 24	$187M	$488M	$18M
Q4 24	$169M	$478M	$17M
Q1 25	$184M	$502M	$20M
Q2 25	$209M	$527M	$26M
Q3 25	$214M	$547M	$22M
Q4 25	$191M	$535M	$19M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$41M	$0	$41M
Q2 22	$61M	$0	$61M
Q3 22	$107M	$0	$107M
Q4 22	$26M	$0	$26M
Q1 23	$35M	$0	$35M
Q2 23	$31M	$0	$31M
Q3 23	$25M	$0	$25M
Q4 23	$30M	$0	$30M
Q1 24	$37M	$0	$37M
Q2 24	$49M	$0	$49M
Q3 24	$121M	$0	$121M
Q4 24	$11M	$0	$11M
Q1 25	$59M	$0	$59M
Q2 25	$176M	$0	$176M
Q3 25	$241M	$0	$241M
Q4 25	$232M	$0	$232M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	192M	+3.5%	+0.5%
Q2 22	194M	+0.6%	-2.2%
Q3 22	198M	+2.4%	+0.1%
Q4 22	196M	-1.0%	+5.6%
Q1 23	203M	+3.3%	+5.4%
Q2 23	205M	+1.0%	+5.7%
Q3 23	204M	-0.3%	+3.0%
Q4 23	203M	-0.4%	+3.6%
Q1 24	203M	-0.3%	-0.0%
Q2 24	206M	+1.6%	+0.6%
Q3 24	215M	+4.2%	+5.1%
Q4 24	220M	+2.6%	+8.3%
Q1 25	224M	+1.5%	+10.3%
Q2 25	226M	+0.8%	+9.4%
Q3 25	226M	+0.2%	+5.3%
Q4 25	227M	+0.3%	+2.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$13.1K	30K
Q2 22	$15.4K	30K
Q3 22	$16.5K	30K
Q4 22	$3M	180
Q1 23	$3M	180
Q2 23	$3M	180
Q3 23	$3M	180
Q4 23	$3M	200
Q1 24	$3M	200
Q2 24	$3M	200
Q3 24	$3M	200
Q4 24	$3M	210
Q1 25	$3M	210
Q2 25	$4M	210
Q3 25	$4M	210
Q4 25	$3M	220

Revenue / Employee