Planet Fitness, Inc.
For the period ended Sep 30, 2025. Filed Nov 7, 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.
Sep 30, 2025 · Filed Nov 7, 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) | September 30, 2025 | December 31, 2024 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $329,020 | $293,150 |
| Restricted cash | 56,388 | 56,524 |
| Short-term marketable securities | 114,363 | 114,163 |
| Accounts receivable, net of allowances for uncollectible amounts of $33 and $30 as of September 30, 2025 and December 31, 2024, respectively | 70,425 | 77,145 |
| Inventory | 6,982 | 6,146 |
| Prepaid expenses | 23,176 | 21,499 |
| Other receivables | 15,650 | 16,776 |
| Income tax receivable and prepayments | 9,646 | 2,616 |
| Total current assets | 625,650 | 588,019 |
| Long-term marketable securities | 78,177 | 65,668 |
| Investments, net of allowance for expected credit losses of $23,923 and $18,834 as of September 30, 2025 and December 31, 2024, respectively | 70,431 | 75,650 |
| Property and equipment, net of accumulated depreciation of $430,141 and $370,118, as of September 30, 2025 and December 31, 2024, respectively | 448,324 | 423,991 |
| Right-of-use assets, net | 403,314 | 395,174 |
| Intangible assets, net | 295,587 | 323,318 |
| Goodwill | 710,571 | 720,633 |
| Deferred income taxes | 415,673 | 470,197 |
| Other assets, net | 10,482 | 7,058 |
| Total assets | $3,058,209 | $3,069,708 |
| Liabilities and stockholders’ deficit | ||
| Current liabilities: | ||
| Current maturities of long-term debt | $22,500 | $22,500 |
| Accounts payable | 48,013 | 32,887 |
| Accrued expenses | 61,159 | 67,895 |
| Equipment deposits | 11,177 | 1,851 |
| Restricted liabilities - national advertising fund | 2,613 | — |
| Deferred revenue, current | 65,219 | 62,111 |
| Payable pursuant to tax benefit arrangements, current | 49,672 | 55,556 |
| Other current liabilities | 40,091 | 39,695 |
| Total current liabilities | 300,444 | 282,495 |
| Long-term debt, net of current maturities | 2,135,129 | 2,148,029 |
| Lease liabilities, net of current portion | 417,624 | 405,324 |
| Deferred revenue, net of current portion | 30,167 | 31,990 |
| Deferred tax liabilities | 620 | 1,386 |
| Payable pursuant to tax benefit arrangements, net of current portion | 363,429 | 411,360 |
| Other liabilities | 5,153 | 4,497 |
| Total noncurrent liabilities | 2,952,122 | 3,002,586 |
| Commitments and contingencies (Note 13) | ||
| Stockholders’ equity (deficit): | ||
| Class A common stock, $0.0001 par value, 300,000 shares authorized, 82,982 and 84,323 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | 9 | 9 |
| Class B common stock, $0.0001 par value, 100,000 shares authorized, 316 and 342 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | — | — |
| Accumulated other comprehensive income (loss) | 1,121 | (2,348) |
| Additional paid in capital | 618,939 | 609,115 |
| Accumulated deficit | (814,832) | (822,156) |
| Total stockholders’ deficit attributable to Planet Fitness, Inc. | (194,763) | (215,380) |
| Non-controlling interests | 406 | 7 |
| Total stockholders’ deficit | (194,357) | (215,373) |
| Total liabilities and stockholders’ equity | $3,058,209 | $3,069,708 |
See accompanying notes to condensed consolidated financial statements
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