Planet Fitness, Inc.
For the period ended Jun 30, 2026. Filed Aug 6, 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.
Jun 30, 2026 · Filed Aug 6, 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) | June 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $298,265 | $345,652 |
| Restricted cash | 72,945 | 66,304 |
| Short-term marketable securities | 102,493 | 106,761 |
| Accounts receivable, net of allowances for uncollectible amounts of $35 and $428 as of June 30, 2026 and December 31, 2025, respectively | 65,618 | 70,431 |
| Inventory | 9,221 | 7,581 |
| Restricted assets - national advertising fund | 9,556 | — |
| Prepaid expenses | 24,686 | 24,605 |
| Other receivables | 43,513 | 34,094 |
| Income tax receivable and prepayments | 1,790 | 2,958 |
| Total current assets | 628,087 | 658,386 |
| Long-term marketable securities | 70,671 | 88,263 |
| Investments, net of allowance for expected credit losses of $25,447 and $24,424 as of June 30, 2026 and December 31, 2025, respectively | 56,500 | 69,700 |
| Property and equipment, net of accumulated depreciation of $509,156 and $453,852, as of June 30, 2026 and December 31, 2025, respectively | 466,465 | 466,747 |
| Right-of-use assets, net | 404,678 | 409,320 |
| Intangible assets, net | 270,370 | 286,409 |
| Goodwill | 712,331 | 712,450 |
| Deferred income taxes | 376,658 | 406,724 |
| Other assets, net | 19,185 | 5,396 |
| Total assets | $3,004,945 | $3,103,395 |
| Liabilities and stockholders’ deficit | ||
| Current liabilities: | ||
| Current maturities of long-term debt | $25,750 | $23,875 |
| Borrowings under Variable Funding Notes | 75,000 | — |
| Accounts payable | 52,186 | 39,683 |
| Accrued expenses | 63,385 | 75,371 |
| Equipment deposits | 7,305 | 10,165 |
| Deferred revenue, current | 80,852 | 58,593 |
| Payable pursuant to tax benefit arrangements, current | 38,441 | 55,518 |
| Other current liabilities | 53,595 | 49,285 |
| Total current liabilities | 396,514 | 312,490 |
| Long-term debt, net of current maturities | 2,448,282 | 2,458,379 |
| Lease liabilities, net of current portion | 415,568 | 419,120 |
| Deferred revenue, net of current portion | 30,217 | 29,657 |
| Deferred tax liabilities | 968 | 1,177 |
| Payable pursuant to tax benefit arrangements, net of current portion | 322,925 | 360,273 |
| Other liabilities | 5,209 | 5,677 |
| Total noncurrent liabilities | 3,223,169 | 3,274,283 |
| Commitments and contingencies (Note 12) | ||
| Stockholders’ equity (deficit): | ||
| Class A common stock, $0.0001 par value, 300,000 shares authorized, 75,197 and 80,446 shares issued and outstanding as of June 30, 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 June 30, 2026 and December 31, 2025 | — | — |
| Additional paid in capital | 630,297 | 623,333 |
| Accumulated other comprehensive (loss) income | (836) | 1,311 |
| Accumulated deficit | (1,242,206) | (1,107,429) |
| Total stockholders’ deficit attributable to Planet Fitness, Inc. | (612,737) | (482,777) |
| Non-controlling interests | (2,001) | (601) |
| Total stockholders’ deficit | (614,738) | (483,378) |
| Total liabilities and stockholders’ deficit | $3,004,945 | $3,103,395 |
See accompanying notes to condensed consolidated financial statements
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