Planet Fitness, Inc.
For the period ended Mar 31, 2025. Filed May 9, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 9, 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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Condensed Consolidated Balance Sheets (Unaudited) as of
Condensed Consolidated Balance Sheets (Unaudited)
| (in thousands, except per share amounts) | March 31, 2025 | December 31, 2024 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $343,910 | $293,150 |
| Restricted cash | 56,581 | 56,524 |
| Short-term marketable securities | 109,718 | 114,163 |
| Accounts receivable, net of allowances for uncollectible amounts of $30 as of March 31, 2025 and December 31, 2024 | 38,643 | 77,145 |
| Inventory | 1,974 | 6,146 |
| Restricted assets - national advertising fund | 16,670 | — |
| Prepaid expenses | 16,547 | 21,499 |
| Other receivables | 18,816 | 16,776 |
| Income tax receivable | 734 | 2,616 |
| Total current assets | 603,593 | 588,019 |
| Long-term marketable securities | 76,091 | 65,668 |
| Investments, net of allowance for expected credit losses of $19,126 and $18,834 as of March 31, 2025 and December 31, 2024, respectively | 75,257 | 75,650 |
| Property and equipment, net of accumulated depreciation of $397,755 and $370,118, as of March 31, 2025 and December 31, 2024, respectively | 419,313 | 423,991 |
| Right-of-use assets, net | 416,237 | 395,174 |
| Intangible assets, net | 314,139 | 323,318 |
| Goodwill | 720,834 | 720,633 |
| Deferred income taxes | 459,035 | 470,197 |
| Other assets, net | 7,423 | 7,058 |
| Total assets | $3,091,922 | $3,069,708 |
| Liabilities and stockholders’ deficit | ||
| Current liabilities: | ||
| Current maturities of long-term debt | $22,500 | $22,500 |
| Accounts payable | 25,757 | 32,887 |
| Accrued expenses | 61,538 | 67,895 |
| Equipment deposits | 2,489 | 1,851 |
| Deferred revenue, current | 80,755 | 62,111 |
| Payable pursuant to tax benefit arrangements, current | 55,556 | 55,556 |
| Other current liabilities | 38,858 | 39,695 |
| Total current liabilities | 287,453 | 282,495 |
| Long-term debt, net of current maturities | 2,143,718 | 2,148,029 |
| Lease liabilities, net of current portion | 433,151 | 405,324 |
| Deferred revenue, net of current portion | 31,163 | 31,990 |
| Deferred tax liabilities | 1,323 | 1,386 |
| Payable pursuant to tax benefit arrangements, net of current portion | 411,276 | 411,360 |
| Other liabilities | 3,702 | 4,497 |
| Total noncurrent liabilities | 3,024,333 | 3,002,586 |
| Commitments and contingencies (Note 12) | ||
| Stockholders’ equity (deficit): | ||
| Class A common stock, $0.0001 par value, 300,000 shares authorized, 83,836 and 84,323 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 9 | 9 |
| Class B common stock, $0.0001 par value, 100,000 shares authorized, 342 shares issued and outstanding as of March 31, 2025 and December 31, 2024 | — | — |
| Accumulated other comprehensive (loss) income | (1,352) | (2,348) |
| Additional paid in capital | 612,196 | 609,115 |
| Accumulated deficit | (830,743) | (822,156) |
| Total stockholders’ deficit attributable to Planet Fitness, Inc. | (219,890) | (215,380) |
| Non-controlling interests | 26 | 7 |
| Total stockholders’ deficit | (219,864) | (215,373) |
| Total liabilities and stockholders’ deficit | $3,091,922 | $3,069,708 |
See accompanying notes to condensed consolidated financial statements
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.