Beachbody Company, Inc.
For the period ended Dec 31, 2025. Filed Mar 10, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 10, 2026
BODI$4.510.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 15. Exhibits, Financial Statement Schedules
The following documents are filed as part of this Annual Report on Form 10-K:
(a)1. Financial Statements
| Report of Independent Registered Public Accounting Firm-Deloitte & Touche (PCAOB ID: 34) | 65 |
|---|---|
| Consolidated Balance Sheets as of December 31, 2025 and 2024 | 67 |
| Consolidated Statements of Operations for the Years ended December 31, 2025 and 2024 | 68 |
| Consolidated Statements of Comprehensive Loss for the Years ended December 31, 2025 and 2024 | 69 |
| Consolidated Statements of Stockholders’ Equity for the Years ended December 31, 2025 and 2024 | 70 |
| Consolidated Statements of Cash Flows for the Years ended December 31, 2025 and 2024 | 71 |
| Notes to Consolidated Financial Statements | 72 |
(a)2. Financial Statement Schedule
The following financial statement schedule for the years ended December 31, 2025 and 2024 are filed as part of this report and should be read in conjunction with the consolidated financial statements (in thousands).
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Deferred tax asset valuation allowance, beginning of year | $150,047 | $142,836 |
| Additions charged to earnings | (4,825) | 7,211 |
| Deferred tax asset valuation allowance, end of year | $145,222 | $150,047 |
(a)3. Exhibits
Exhibits required under Item 601 of Regulation S-K:
| Exhibit · Incorporated by Reference · Filed or Furnished herewith | |||||
|---|---|---|---|---|---|
| Form · Exhibit · Filing Date · File No. | |||||
| 2.1 | Agreement and Plan of Merger, dated as of February 9, 2021, by and among Forest Road Acquisition Corp., BB Merger Sub, Inc., Myx Merger Sub, LLC, The Beachbody Company Group, LLC, And Myx Fitness Holdings, LLC. | 8-K/A | 2.1 | 2/16/2021 | 001-39735 |
| 3.1 | Second Amended and Restated Certificate of Incorporation of The Beachbody Company, Inc. | 10-K | 3.1 | 3/28/2025 | 001-39735 |
| 3.2 | Certificate of Amendment to Second Amended and Restated Certificate of Incorporation of The Beachbody Company, Inc. | 8-K | 3.1 | 11/27/2023 | 001-39735 |
| 3.3 | Second Amended and Restated Bylaws of The Beachbody Company, Inc | 8-K | 3.1 | 12/18/24 | 001-39735 |
| 4.1 | Specimen Class A Common Stock Certificate of The Beachbody Company, Inc. | 8-K | 4.1 | 7/1/2021 | 001-39735 |
| 4.2 | Warrant Agreement, dated November 24, 2020, by and between Forest Road Acquisition Corp. and Continental Stock Transfer & Trust Company, as warrant agent. | 8-K | 4.2 | 7/1/2021 | 001-39735 |
| 4.3 | Description of Securities. | 10-K | 4.3 | 3/1/2022 | 001-39735 |
| 4.4 | Form of Warrant. | 10-Q | 10.3 | 8/8/2022 | 001-39735 |
| 4.5 | Form of Pre-Funded Common Stock Purchase Warrant | 8-K | 4.1 | 12/13/2023 | 001-39735 |
| 4.6 | Form of Common Stock Purchase Warrant | 8-K | 4.2 | 12/13/2023 | 001-39735 |
| 4.7 | Form of Second Amended and Restated Warrant to Purchase Stock | 8-K | 10.2 | 4/8/2024 | 001-39735 |
| 4.8 | Form of Third Amended and Restated Warrant to Purchase Stock | 8-K | 10.2 | 10/21/2024 | 001-39735 |
| 10.1 | Form of Subscription Agreement. | S-4/A | 10.1 | 5/27/2021 | 333-253136 |
| 10.2 | Sponsor Agreement, dated as of February 9, 2021, by and among Forest Road Acquisition Corp., Forest Road Acquisition Sponsor LLC and The Beachbody Company Group, LLC. | S-4/A | 10.2 | 5/27/2021 | 333-253136 |
| 10.3 | Amended and Restated Registration Rights Agreement, by and among The Beachbody Company, Inc., Forest Road Acquisition Sponsor LLC, The Beachbody Company Group, LLC, Kevin Mayer and certain stockholders of The Beachbody Company, Inc. | 8-K | 10.3 | 7/1/2021 | 001-39735 |
| 10.4^ | The Beachbody Company, Inc. 2021 Incentive Award Plan. | 8-K | 10.2 | 7/9/2021 | 001-39735 |
| 10.5^ | The Beachbody Company, Inc. Employee Stock Purchase Plan. | 8-K | 10.3 | 7/9/2021 | 001-39735 |
| 10.6^ | Form of Stock Option Agreement pursuant to The Beachbody Company, Inc. 2021 Incentive Award Plan. | 8-K | 10.4 | 7/9/2021 | 001-39735 |
| 10.7^ | Form of RSU Agreement pursuant to The Beachbody Company, Inc. 2021 Incentive Award Plan. | 8-K | 10.5 | 7/9/2021 | 001-39735 |
| 10.8^ | First Amendment to the Beachbody Company, Inc. 2021 Incentive Award Plan | 8-K | 10.1 | 6/7/2024 | 001-39735 |
| 10.9^ | Non-Employee Director Compensation Program. | 8-K | 10.6 | 7/9/2021 | 001-39735 |
| 10.10^ | The Beachbody Company, Inc. Amended and Restated 2020 Equity Compensation Plan. | 8-K | 10.7 | 7/9/2021 | 001-39735 |
| 10.11^ | The Beachbody Company, Inc. Deferred Compensation Plan for Directors | 10-K | 10.10 | 3/16/2023 | 001-39735 |
| 10.12^ | Separation, General Release and Independent Contractor Services Agreement, dated April 19, 2022, by and among Beachbody, LLC, The Beachbody Company, Inc. and Sue Collyns | 10-Q | 10.2 | 5/9/2022 | 001-39735 |
| 10.13^ | Revised Offer of Employment Letter, dated as of May 10, 2022, as amended, by and between Beachbody, LLC and Kathy Vrabeck. | 10-Q | 10.1 | 8/8/2022 | 001-39735 |
| 10.14^ | Confidential Separation and General Release Agreement, dated as of March 10, 2023 and effective May 1, 2023, by and between Beachbody, LLC and Blake Bilstad. | 10-K | 10.15 | 3/16/2023 | 001-39735 |
| 10.15 | Form of Indemnification Agreement. | 8-K | 10.1 | 5/9/2022 | 001-39735 |
| 10.16 | Warrant Agreement, dated September 18, 2020, by and between The Beachbody Company Group, LLC and Akron Supplement, LLC. | S-4/A | 10.12 | 5/10/2021 | 333-253136 |
| 10.17 | Warrant Agreement, dated September 18, 2020, by and between The Beachbody Company Group, LLC and Schwarzenegger Blind Trust. | S-4/A | 10.13 | 5/10/2021 | 333-253136 |
| 10.18 | Securities Purchase Agreement | 8‑K | 10.2 | 12/13/2023 | 001-39735 |
| 10.19 | Offer Letter, dated as of June 15, 2023, by and between The Beachbody Company, Inc. and Mark Goldston. | 8‑K | 10.1 | 6/15/2023 | 001-39735 |
| 10.20 | The Beachbody Company, Inc. 2023 Employee Inducement Incentive Award Plan. | 8‑K | 10.2 | 6/15/2023 | 001-39735 |
| 10.21 | Option Agreement under 2023 Employee Inducement Incentive Award Plan, dated as of June 15, 2023, by and between The Beachbody Company, Inc. and Mark Goldston. | 8‑K | 10.3 | 6/15/2023 | 001-39735 |
| 10.22 | Forfeiture Agreement, dated as of June 15, 2023, by and between The Beachbody Company, Inc. and Carl Daikeler. | 8‑K | 10.4 | 6/15/2023 | 001-39735 |
| 10.23 | Letter Agreement by and between Beachbody, LLC and Michael Neimand, dated April 10, 2024 | 8-K | 10.1 | 4/16/2024 | 001-39735 |
| 10.24 | Letter Agreement by and between Beachbody, LLC and Brad Ramberg, dated February 24, 2025 | 8-K | 10.1 | 2/28/2025 | 001-39735 |
| 10.25 | Amended and Restated Stock Option Grant Notice and Agreement Inducement, dated as of November 13, 2024, by and between The Beachbody Company, Inc. and Mark Goldston. | 10-K | 10.33 | 3/28/2025 | 001-39735 |
| 10.26 | Credit Agreement dated as of May 13, 2025, among The Beachbody Company, Inc., as the Parent, Beachbody, LLC, as the Administrative Borrower, the other Borrowers party thereto, the Guarantors party thereto, the Lenders party thereto, and Tiger Finance, LLC, as Agent | 10-Q | 10.2 | 5/15/2025 | 001-39735 |
| 10.27 | Amendment No. 1 to Credit Agreement, dated as of January 7, 2026 by and among The Beachbody Company, Inc., Beachbody, LLC, the borrower parties thereto, the guarantor parties thereto, the lenders party thereto and Tiger Finance, LLC as administrative and collateral agent | 8-K | 10.1 | 1/8/2026 | 001-39735 | |
| 19.1 | Insider Trading Policy | 10-K | 19.1 | 3/28/2025 | 001-39735 | |
| 21.1 | Subsidiaries of the Company | 10-K | 21.1 | 3/28/2025 | 001-39735 | |
| 23.1 | Consent of Deloitte & Touche LLP | * | ||||
| 24.1 | Powers of Attorney (incorporated by reference to the signature page hereto) | * | ||||
| 31.1 | Certification of Chief Executive Officer pursuant to Rule 13a-14(a) | * | ||||
| 31.2 | Certification of Chief Financial Officer pursuant to Rule 13a-14(a) | * | ||||
| 32.1 | Certification of Chief Executive Officer and Chief Financial Officer of Periodic Report Pursuant to 18 U.S.C. Section 1350 | ** | ||||
| 97.1 | The Beachbody Company, Inc. Compensation Clawback Policy effective as of October 2, 2023. | 10-K | 97.1 | 3/11/2024 | 001-39735 | |
| 101.INS | Inline XBRL Instance Document–the instance document does not appear in the Interactive Data File as its XBRL tags are embedded within the Inline XBRL document | * | ||||
| 101.SCH | Inline XBRL Taxonomy Extension Schema With Embedded Linkbase Documents | * | ||||
| 104 | Cover page formatted as Inline XBRL and contained in Exhibit 101 | |||||
| * | Filed herewith. | |||||
| ** | Furnished herewith. | |||||
| ^ | Indicates management contract or compensatory plan. | |||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.