Planet Fitness Inc. (PLNT) Financial Statements (2025 and earlier)

Company Profile

Business Address 4 LIBERTY LANE WEST
HAMPTON, NH 03842
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7997 - Membership Sports and Recreation Clubs (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments350,158395,069350,743417,430353,909460,425
Cash and cash equivalents246,961301,707275,842308,970236,144460,425
Short-term investments103,19793,36274,901108,460117,765 
Restricted cash and investments47,80046,190    
Receivables56,72437,67456,27650,69960,61430,009
Inventory, net of allowances, customer advances and progress billings5,2004,9594,6777,5366,8544,996
Inventory5,2004,9594,6777,5366,8544,996
Prepaid expense15,91018,94513,84218,07311,52817,364
Other undisclosed current assets18,05817,94546,27946,38172,43475,965
Total current assets:493,850520,782471,817540,119505,339588,759
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization111144179219264314
Operating lease, right-of-use asset393,564385,796381,010381,819355,405341,703
Property, plant and equipment    (296,677)(274,160)(251,251)
Long-term investments and receivables49,71845,16550,88610,2522,499 
Long-term investments49,71845,16550,88610,2522,499 
Intangible assets, net (including goodwill)1,066,0561,078,8241,090,0091,102,9641,115,9181,107,180
Goodwill719,063719,074717,502717,502717,502702,690
Intangible assets, net (excluding goodwill)346,993359,750372,507385,462398,416404,490
Deferred income tax assets490,912499,839504,188492,965482,834494,695
Other noncurrent assets4,1023,9933,8713,9113,9263,799
Other undisclosed noncurrent assets475,727458,235467,733709,275656,210620,366
Total noncurrent assets:2,480,1902,471,9962,497,8762,404,7282,342,8962,316,806
TOTAL ASSETS:2,974,0402,992,7782,969,6932,944,8472,848,2352,905,565
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities86,62664,26990,08784,79474,21363,975
Accounts payable29,72820,56023,78828,36429,46116,961
Accrued liabilities56,89843,70966,29956,43044,75247,014
Deferred revenue76,05277,26359,59164,35272,21073,249
Debt20,58920,85920,87520,89020,77620,750
Other liabilities34,62935,33135,10150,01953,75147,458
Other undisclosed current liabilities54,23048,77945,67552,79153,46444,791
Total current liabilities:272,126246,501251,329272,846274,414250,223
Noncurrent Liabilities
Long-term debt and lease obligation2,156,5791,959,0741,962,9371,966,7701,970,7341,974,627
Long-term debt, excluding current maturities2,156,5511,959,0321,962,8741,966,6821,970,4871,974,303
Finance lease, liability28426388247324
Liabilities, other than long-term debt441,287430,018420,113419,008386,015374,778
Deferred revenue34,11433,82032,04732,67032,79033,071
Deferred income tax liabilities1,5991,6661,6441,3971,3991,459
Liability for uncertainty in income taxes201242 328328 
Other liabilities3,9683,8914,8334,8034,5984,224
Operating lease, liability401,405390,399381,589379,810346,900336,024
Other undisclosed noncurrent liabilities423,878456,416454,305451,153433,033464,516
Total noncurrent liabilities:3,021,7442,845,5082,837,3552,836,9312,789,7822,813,921
Total liabilities:3,293,8703,092,0093,088,6843,109,7773,064,1963,064,144
Equity
Equity, attributable to parent, including:(317,664)(96,415)(115,649)(157,078)(201,969)(151,108)
Additional paid in capital594,049581,332575,631570,397564,170555,267
Accumulated other comprehensive income (loss)(1,096)(435)172(684)(333)(367)
Accumulated deficit(910,626)(677,321)(691,461)(726,800)(765,815)(706,017)
Other undisclosed equity, attributable to parent999999
Equity, attributable to noncontrolling interest(2,166)(2,816)(3,342)(7,852)(13,992)(7,471)
Total equity:(319,830)(99,231)(118,991)(164,930)(215,961)(158,579)
TOTAL LIABILITIES AND EQUITY:2,974,0402,992,7782,969,6932,944,8472,848,2352,905,565

Income Statement (P&L) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues300,941248,017285,086277,551286,463222,225
Cost of revenue(51,934)(18,993)(57,465)(53,751)(59,457)(19,354)
Gross profit:249,007229,024227,621223,800227,006202,871
Operating expenses(71,430)(68,573)(70,384)(70,767)(69,413)(63,777)
Other operating income (expense), net66(484)(2,674)56(3,825)(3,936)
Other undisclosed operating loss(90,264)(94,145)(83,207)(80,738)(76,766)(83,002)
Operating income:87,37965,82271,35672,35177,00252,156
Nonoperating expense(17,874)(15,325)(13,522)(17,311)(16,935)(17,555)
Investment income, nonoperating5,6165,4615,4024,2454,1633,931
Other nonoperating income (expense)1,0436472,881148370113
Interest and debt expense(24,533)(21,433)(21,805)(21,704)(21,468)(21,599)
Other undisclosed income from continuing operations before equity method investments, income taxes24,53321,43321,80521,70421,46821,599
Income from continuing operations before equity method investments, income taxes:69,50550,49757,83455,04060,06734,601
Loss from equity method investments(1,216)(1,200)(1,414)(242)(73)(265)
Other undisclosed income from continuing operations before income taxes1,2161,2001,41424273265
Income from continuing operations before income taxes:69,50550,49757,83455,04060,06734,601
Income tax expense(18,977)(14,324)(19,657)(13,474)(15,814)(9,567)
Income from continuing operations:50,52836,17338,17741,56644,25325,034
Other undisclosed net loss(1,216)(1,200)(1,414)(242)(73)(265)
Net income:49,31234,97336,76341,32444,18024,769
Net loss attributable to noncontrolling interest(672)(664)(1,423)(2,190)(3,045)(2,064)
Net income available to common stockholders, diluted:48,64034,30935,34039,13441,13522,705

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income:49,31234,97336,76341,32444,18024,769
Other comprehensive income (loss)(661)(607)856(351)3481
Comprehensive income:48,65134,36637,61940,97344,21424,850
Comprehensive loss, net of tax, attributable to noncontrolling interest(672)(664)(1,423)(2,190)(3,045)(2,064)
Comprehensive income, net of tax, attributable to parent:47,97933,70236,19638,78341,16922,786

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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