Planet Fitness Inc

For the period ended Dec 31, 2024. Filed Feb 25, 2025.

About 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.

FY2024 · Filed Feb 25, 2025

PLNT$61.34+0.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets as of December

Consolidated Balance Sheets

	As of December 31,
(in thousands, except per share amounts)	2024	2023
Assets
Current assets:
Cash and cash equivalents	$293,150	$275,842
Restricted cash	56,524	46,279
Short-term marketable securities	114,163	74,901
Accounts receivable, net of allowances for uncollectible amounts of $30 and $0 as of December 31, 2024 and 2023, respectively	77,145	41,890
Inventory	6,146	4,677
Prepaid expenses	21,499	13,842
Other receivables	16,776	11,072
Income tax receivable	2,616	3,314
Total current assets	588,019	471,817
Long-term marketable securities	65,668	50,886
Investments, net of allowance for expected credit losses of $18,834 and $17,689 as of December 31, 2024 and 2023, respectively	75,650	77,507
Property and equipment, net of accumulated depreciation of $370,118 and $322,958, as of December 31, 2024 and 2023, respectively	423,991	390,405
Right-of-use assets, net	395,174	381,010
Intangible assets, net	323,318	372,507
Goodwill	720,633	717,502
Deferred income taxes	470,197	504,188
Other assets, net	7,058	3,871
Total assets	$3,069,708	$2,969,693
Liabilities and stockholders’ deficit
Current liabilities:
Current maturities of long-term debt	$22,500	$20,750
Accounts payable	32,887	23,788
Accrued expenses	67,895	66,299
Equipment deposits	1,851	4,506
Deferred revenue, current	62,111	59,591
Payable pursuant to tax benefit arrangements, current	55,556	41,294
Other current liabilities	39,695	35,101
Total current liabilities	282,495	251,329
Long-term debt, net of current maturities	2,148,029	1,962,874
Lease liabilities, net of current portion	405,324	381,589
Deferred revenue, net of current portion	31,990	32,047
Deferred tax liabilities	1,386	1,644
Payable pursuant to tax benefit arrangements, net of current portion	411,360	454,368
Other liabilities	4,497	4,833
Total noncurrent liabilities	3,002,586	2,837,355
Commitments and contingencies (Note 17)
Stockholders’ equity (deficit):
Class A common stock, $.0001 par value, 300,000 shares authorized, 84,323 and 86,760 shares issued and outstanding as of December 31, 2024 and 2023, respectively	9	9
Class B common stock, $.0001 par value, 100,000 shares authorized, 342 and 1,397 shares issued and outstanding as of December 31, 2024 and 2023, respectively	—	—
Accumulated other comprehensive (loss) income	(2,348)	172
Additional paid in capital	609,115	575,631
Accumulated deficit	(822,156)	(691,461)
Total stockholders’ deficit attributable to Planet Fitness, Inc.	(215,380)	(115,649)
Non-controlling interests	7	(3,342)
Total stockholders’ deficit	(215,373)	(118,991)
Total liabilities and stockholders’ deficit	$3,069,708	$2,969,693

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.