Life Time Group (LTH) financial statements
Life Time Group reported revenue of $3.0B in fiscal 2025, up 7.9% a year over 6 years.
Net income was $374M and the operating margin 16.1%, against 8.9% in 2019.
Free cash flow was -$21M.
The diluted share count rose 62% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Life Time Group's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.9B | $948M | $1.3B | $1.8B | $2.2B | $2.6B | $3.0B |
| Cost of revenue | — | — | — | — | $1.2B | $1.4B | $1.6B |
| Gross profit | — | — | — | — | $1.0B | $1.2B | $1.4B |
| Selling, general and admin | $228M | $150M | $481M | $214M | $201M | $221M | $245M |
| Operating income | $168M | -$359M | -$495M | $111M | $225M | $357M | $481M |
| Pre-tax income | $40M | -$488M | -$720M | -$3M | $95M | $209M | $494M |
| Income tax | $10M | -$128M | -$140M | -$825,000 | $19M | $53M | $120M |
| Net income | $30M | -$360M | -$579M | -$2M | $76M | $156M | $374M |
| EPS (diluted) | $0.22 | -$2.48 | -$3.73 | -$0.01 | $0.37 | $0.74 | $1.66 |
| Diluted shares | 139M | 145M | 155M | 194M | 204M | 211M | 225M |
| Gross margin | — | — | — | — | 46.6% | 46.9% | 47.6% |
| Operating margin | 8.9% | -37.9% | -37.6% | 6.1% | 10.2% | 13.6% | 16.1% |
| Net margin | 1.6% | -38.0% | -44.0% | -0.1% | 3.4% | 6.0% | 12.5% |
Balance sheet
Fiscal years, from Life Time Group's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $48M | $33M | $32M | $26M | $11M | $11M | $205M |
| Receivables | — | $5M | $6M | $13M | $24M | $25M | $24M |
| Inventory | — | $36M | $41M | $46M | $53M | $60M | $68M |
| Total current assets | — | $166M | $132M | $131M | $175M | $171M | $386M |
| Property, plant and equipment | — | $2.7B | $2.8B | $2.9B | $3.2B | $3.2B | $3.6B |
| Goodwill | — | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B |
| Total assets | — | $6.0B | $6.3B | $6.6B | $7.0B | $7.2B | $8.0B |
| Total current liabilities | — | $443M | $406M | $457M | $557M | $520M | $610M |
| Long-term debt | — | $2.1B | $1.8B | $1.8B | $1.9B | $1.5B | $1.5B |
| Total liabilities | — | $4.5B | $4.2B | $4.5B | $4.8B | $4.5B | $4.9B |
| Shareholders' equity | $1.8B | $1.5B | $2.1B | $2.1B | $2.3B | $2.6B | $3.1B |
| Net debt | -$48M | $2.2B | $1.8B | $1.8B | $1.9B | $1.5B | $1.3B |
Cash flow
Fiscal years, from Life Time Group's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $359M | -$96M | -$20M | $201M | $463M | $575M | $871M |
| Capital spending | $624M | $266M | $329M | $591M | $698M | $525M | $891M |
| Free cash flow | -$265M | -$362M | -$349M | -$390M | -$235M | $51M | -$21M |
| Stock-based compensation | $24M | $0 | $334M | $37M | $50M | $51M | $52M |
| Free cash flow margin | -14.0% | -38.1% | -26.5% | -21.4% | -10.6% | 1.9% | -0.7% |
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Open LTH in InvestinglyQuestions
What was Life Time Group's revenue in 2025?
$3.0B in fiscal 2025, from its 10-K filing.
How much free cash flow does Life Time Group generate?
-$21M in fiscal 2025 (operating cash flow minus capital spending).
From Life Time Group's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.