Planet Fitness, Inc.
For the period ended Mar 31, 2026. Filed May 7, 2026.
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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, 2026 · Filed May 7, 2026
PLNT$61.34+0.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Balance Sheets (Unaudited) as of
Condensed Consolidated Balance Sheets (Unaudited)
| (in thousands, except per share amounts) | March 31, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $375,273 | $345,652 |
| Restricted cash | 81,223 | 66,304 |
| Short-term marketable securities | 98,533 | 106,761 |
| Accounts receivable, net of allowances for uncollectible amounts of $428 as of March 31, 2026 and December 31, 2025 | 41,076 | 70,431 |
| Inventory | 4,809 | 7,581 |
| Restricted assets - national advertising fund | 15,376 | — |
| Prepaid expenses | 26,275 | 24,605 |
| Other receivables | 42,590 | 34,094 |
| Income tax receivable | 1,917 | 2,958 |
| Total current assets | 687,072 | 658,386 |
| Long-term marketable securities | 96,963 | 88,263 |
| Investments, net of allowance for expected credit losses | 68,927 | 69,700 |
| Property and equipment, net of accumulated depreciation of $482,134 and $453,852, as of March 31, 2026 and December 31, 2025, respectively | 452,201 | 466,747 |
| Right-of-use assets, net | 398,676 | 409,320 |
| Intangible assets, net | 278,389 | 286,409 |
| Goodwill | 712,340 | 712,450 |
| Deferred income taxes | 394,765 | 406,724 |
| Other assets, net | 15,308 | 5,396 |
| Total assets | $3,104,641 | $3,103,395 |
| Liabilities and stockholders’ deficit | ||
| Current liabilities: | ||
| Current maturities of long-term debt | $25,750 | $23,875 |
| Accounts payable | 33,094 | 39,683 |
| Accrued expenses | 68,789 | 75,371 |
| Equipment deposits | 7,414 | 10,165 |
| Deferred revenue, current | 86,373 | 58,593 |
| Payable pursuant to tax benefit arrangements, current | 55,508 | 55,518 |
| Other current liabilities | 54,810 | 49,285 |
| Total current liabilities | 331,738 | 312,490 |
| Long-term debt, net of current maturities | 2,453,337 | 2,458,379 |
| Lease liabilities, net of current portion | 406,984 | 419,120 |
| Deferred revenue, net of current portion | 29,133 | 29,657 |
| Deferred tax liabilities | 1,076 | 1,177 |
| Payable pursuant to tax benefit arrangements, net of current portion | 360,273 | 360,273 |
| Other liabilities | 4,892 | 5,677 |
| Total noncurrent liabilities | 3,255,695 | 3,274,283 |
| Commitments and contingencies (Note 12) | ||
| Stockholders’ equity (deficit): | ||
| Class A common stock, $0.0001 par value, 300,000 shares authorized, 79,124 and 80,446 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively | 8 | 8 |
| Class B common stock, $0.0001 par value, 100,000 shares authorized, 316 shares issued and outstanding as of March 31, 2026 and December 31, 2025 | — | — |
| Additional paid in capital | 625,604 | 623,333 |
| Accumulated other comprehensive (loss) income | (605) | 1,311 |
| Accumulated deficit | (1,107,227) | (1,107,429) |
| Total stockholders’ deficit attributable to Planet Fitness, Inc. | (482,220) | (482,777) |
| Non-controlling interests | (572) | (601) |
| Total stockholders’ deficit | (482,792) | (483,378) |
| Total liabilities and stockholders’ deficit | $3,104,641 | $3,103,395 |
See accompanying notes to condensed consolidated financial statements
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