PLNT Q1 2023 Earnings — Planet Fitness, Inc. Revenue & Financial Results | Market Cap Arena

PLNTPlanet Fitness, Inc.

$6B

Q1 2023 Earnings

Consumer Cyclical Leisure

Income Statement

Revenue

$222M+19.0% YoY

Gross Profit

$120M53.9% margin

Operating Income

$52M23.5% margin

Net Income

$23M10.2% margin

EPS (Diluted)

$0.27

QoQ Revenue Growth

-21.0%

Cash Flow

Operating Cash Flow

$98M

Free Cash Flow

$75M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.9B

Total Liabilities

$3.1B

Stockholders' Equity

-$151M

Cash & Equivalents

$460M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$222M	$187M	+19.0%
Gross Profit	$120M	$102M	+17.3%
Operating Income	$52M	$49M	+7.2%
Net Income	$23M	$16M	+37.9%

Revenue Segments

Corporate-Owned Stores

$106M48%

Franchise

$76M34%

Equipment Revenue

$24M11%

Advertising

$17M8%