Planet Fitness Inc
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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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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Consolidated Statements of Operations for the Years Ended December
Consolidated Statements of Operations
| For the Years Ended December 31, | |||
|---|---|---|---|
| (in thousands, except per share amounts) | 2024 | 2023 | 2022 |
| Revenue: | |||
| Franchise | $344,320 | $317,917 | $271,559 |
| National advertising fund revenue | 78,927 | 70,012 | 58,075 |
| Corporate-owned clubs | 502,287 | 449,296 | 379,393 |
| Equipment | 256,120 | 234,101 | 227,745 |
| Total revenue | 1,181,654 | 1,071,326 | 936,772 |
| Operating costs and expenses: | |||
| Cost of revenue | 197,122 | 190,026 | 177,200 |
| Club operations | 290,507 | 253,619 | 219,422 |
| Selling, general and administrative | 129,146 | 124,930 | 114,853 |
| National advertising fund expense | 79,009 | 70,095 | 66,116 |
| Depreciation and amortization | 160,346 | 149,413 | 124,022 |
| Other losses, net | 1,326 | 10,379 | 5,081 |
| Total operating costs and expenses | 857,456 | 798,462 | 706,694 |
| Income from operations | 324,198 | 272,864 | 230,078 |
| Other income (expense), net: | |||
| Interest income | 23,115 | 17,741 | 5,005 |
| Interest expense | (100,037) | (86,576) | (88,628) |
| Other (expense) income, net | (548) | 3,512 | 14,983 |
| Total other expense, net | (77,470) | (65,323) | (68,640) |
| Income before income taxes | 246,728 | 207,541 | 161,438 |
| Provision for income taxes | 68,443 | 58,512 | 50,515 |
| Losses from equity-method investments, net of tax | (4,042) | (1,994) | (467) |
| Net income | 174,243 | 147,035 | 110,456 |
| Less net income attributable to non-controlling interests | 2,201 | 8,722 | 11,054 |
| Net income attributable to Planet Fitness, Inc. | $172,042 | $138,313 | $99,402 |
| Net income per share of Class A common stock: | |||
| Basic | $2.01 | $1.63 | $1.18 |
| Diluted | $2.00 | $1.62 | $1.18 |
| Weighted-average shares of Class A common stock outstanding: | |||
| Basic | 85,621 | 84,896 | 84,137 |
| Diluted | 85,827 | 85,185 | 84,544 |
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