Life Time Reports Preliminary Estimated Fourth Quarter and Full-Year 2025 Financial Results and Introduces Select Fiscal 2026 Guidance

Rhea-AI Summary

Life Time (NYSE: LTH) reported preliminary estimated results for Q4 and full-year 2025 and introduced select fiscal 2026 guidance. FY2025 highlights include total revenue of $2,993–$2,995M (+14.2% YoY), net income of $371–$374M (+138.5% YoY), Adjusted EBITDA of $823–$825M (+21.7% YoY) and Adjusted net income of $322–$325M (+61.3% YoY). FY2026 guidance calls for revenue of $3,300–$3,330M (+10.7% vs FY2025 midpoint), Adjusted EBITDA $910–$925M (+11.3%) and Adjusted net income $369–$378M (+15.5%).

The company expects to open 12–14 large-format clubs in 2026 and target net debt/Adjusted EBITDA ≤2.0x.

Positive

• Total revenue +14.2% YoY to $2,993–$2,995M (FY2025)
• Net income +138.5% YoY to $371–$374M (FY2025)
• Adjusted EBITDA +21.7% YoY to $823–$825M (FY2025)
• FY2026 revenue guidance $3,300–$3,330M (+10.7% vs FY2025 midpoint)

Negative

• FY2026 net income guidance $330–$336M, down ~10.6% vs FY2025 midpoint
• Rent expense guidance $378–$388M (+13.1% vs FY2025 midpoint)
• Planned club openings 12–14 large-format clubs (~1.2M sq ft) increasing near-term construction capital needs
• Interest expense guidance ~$56–$60M, reflecting capitalized interest from increased construction

Key Figures

Q4 2025 total revenue: $743–$745M FY 2025 total revenue: $2,993–$2,995M FY 2025 net income: $371–$374M +5 more

8 metrics

Q4 2025 total revenue $743–$745M Preliminary; up 12.2% vs Q4 2024

FY 2025 total revenue $2,993–$2,995M Preliminary; up 14.2% vs 2024

FY 2025 net income $371–$374M Preliminary; up 138.5% vs 2024

FY 2025 Adjusted EBITDA $823–$825M Preliminary; up 21.7% vs 2024

FY 2025 diluted EPS $1.63–$1.66 Preliminary; up 122.3% vs 2024

FY 2025 adjusted diluted EPS $1.41–$1.44 Preliminary; up 50.0% vs 2024

FY 2026 revenue guidance $3,300–$3,330M Guidance; 10.7% growth vs FY 2025 midpoint

FY 2026 net income guidance $330–$336M Guidance; (10.6%) vs FY 2025 midpoint

Market Reality Check

Price: $28.84 Vol: Volume 2,234,576 is 25% a...

normal vol

$28.84 Last Close

Volume Volume 2,234,576 is 25% above the 20-day average of 1,793,594, indicating elevated interest ahead of full results. normal

Technical Trading slightly below the 200-day MA at $27.98 and about 20.23% below the 52-week high of $34.99.

Peers on Argus

LTH gained 4.53% with above-average volume while peers were mixed (e.g., MAT +1....

LTH gained 4.53% with above-average volume while peers were mixed (e.g., MAT +1.66%, GOLF +1.99%, PLNT -0.47%, PTON -0.71%). No peers appeared in the momentum scanner, suggesting a stock-specific move.

Historical Context

5 past events · Latest: Jan 16 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 16	Events calendar	Positive	-1.6%	Announced 2026 athletic events calendar across 10 states and key races.
Dec 31	New club opening	Positive	-1.0%	Opened Life Time South Lamar, fifth Austin club and 34th in Texas.
Dec 30	Wellness survey	Positive	-0.5%	Released 2026 wellness survey showing higher focus on health and strength.
Dec 19	New club opening	Positive	+0.1%	Opened adults-only West Boca club, expanding Florida footprint and offerings.
Dec 15	New club opening	Positive	+0.1%	Opened Otay Ranch club in Chula Vista with large-format amenities and jobs.

Pattern Detected

Recent operational news (new clubs, events, surveys) has often been followed by modest negative or flat next-day moves despite generally positive content.

Recent Company History

Over the last few months, Life Time has focused on expansion and engagement, opening new clubs in California, Florida, and Texas, and highlighting demand via its 2026 events calendar and wellness survey. Those updates, while operationally positive, saw mostly small negative or flat price reactions. Today’s preliminary Q4/FY 2025 results and initial 2026 guidance add a financial overlay to that growth story, tying membership and club expansion directly to revenue, earnings and EBITDA trends.

Market Pulse Summary

This announcement outlines substantial estimated growth for Q4 and full-year 2025 in revenue, net in...

Analysis

This announcement outlines substantial estimated growth for Q4 and full-year 2025 in revenue, net income, and Adjusted EBITDA, along with initial 2026 guidance showing continued top-line expansion. It also highlights significant non-GAAP adjustments, one-time legal and tax benefits, and plans for 12–14 new clubs. Investors may focus on how final audited results compare with these preliminary ranges and how guidance balances growth, leverage targets, and non-recurring items.

Key Terms

adjusted EBITDA, non-GAAP financial measures, sale-leaseback, CARES Act, +4 more

8 terms

adjusted EBITDA financial

"Adjusted EBITDA estimated to increase 13.6% to $200 – $202 million..."

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

non-GAAP financial measures financial

"This press release includes certain financial measures that are not presented in accordance with GAAP, including Adjusted net income..."

Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.

sale-leaseback financial

"We adjust for the impact of gains and losses on the sale-leaseback of our properties..."

A sale-leaseback is a deal where an owner sells an asset—commonly real estate or equipment—to another party and immediately rents it back so they can keep using it. For investors, it matters because the seller converts a fixed asset into cash without disrupting operations, which can boost liquidity or pay down debt but also creates ongoing lease payments and long-term obligations that affect cash flow and the balance sheet.

CARES Act regulatory

"payroll tax credits for employee retention under the CARES Act..."

A cares act is a government emergency law that provides large-scale financial aid, loans and tax changes to support individuals, businesses and key industries during a major economic shock. Think of it as a temporary safety net and cash infusion designed to keep payrolls, lenders and essential services functioning; for investors it can change company revenues, borrowing costs and market confidence, altering valuations and risk outlooks.

employee retention credits financial

"Represents refundable payroll tax credits for employee retention under the CARES Act."

Employee retention credits are government tax breaks that give employers a partial refund or reduction of payroll taxes when they keep workers on the payroll during downturns or disruptions. Think of it like a rebate on a company’s wage bill for maintaining staff; it improves short-term cash flow and can lower reported labor costs, so investors watch these credits because they can boost earnings, preserve liquidity, and affect tax expense and balance-sheet items.

net debt leverage ratio financial

"Manage our net debt to Adjusted EBITDA leverage ratio to maintain at or below 2.00 times."

Net debt leverage ratio measures how many years of a company’s core earnings would be needed to pay off its debt after accounting for cash on hand, calculated by dividing net debt (total debt minus cash) by annual operating earnings. Investors use it like a household debt-to-income check: a lower number means the company is in a stronger position to handle obligations and take risks, while a higher number signals greater financial strain and vulnerability to shocks.

Form 10-K regulatory

"reported in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024..."

A Form 10-K is a comprehensive report that publicly traded companies are required to file annually with regulators. It provides a detailed overview of a company's financial health, operations, and risks, similar to a detailed health report. Investors use this information to assess the company's performance and make informed decisions about buying or selling its stock.

Form 10-Q regulatory

"Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2025..."

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

AI-generated analysis. Not financial advice.

• Total revenue estimated to increase 12.2% to $743 – $745 million for the fourth quarter and 14.2% to $2,993 – $2,995 million for the year*
• Net income estimated to increase 226.6% to $120 – $123 million for the fourth quarter and 138.5% to $371 – $374 million for the year*
• Diluted EPS estimated to increase 211.8% to $0.52 – $0.54 for the fourth quarter and 122.3% to $1.63 – $1.66 for the year*
• Adjusted net income estimated to increase 25.2% to $74 – $77 million for the fourth quarter and 61.3% to $322 – $325 million for the year*
• Adjusted EBITDA estimated to increase 13.6% to $200 – $202 million for the fourth quarter and 21.7% to $823 – $825 million for the year*
• Adjusted diluted EPS estimated to increase 22.2% to $0.32 – $0.34 for the fourth quarter and 50.0% to $1.41 – $1.44 for the year*
• Company introduces select financial guidance for FY 2026

* Percentages are at the midpoint of our estimated results

CHANHASSEN, Minn., Jan. 22, 2026 /PRNewswire/ -- Life Time Group Holdings, Inc. ("Life Time," "we," "our," "us," or the "Company") (NYSE: LTH) today announced its preliminary estimated unaudited financial results for the fourth quarter and full-year fiscal 2025. The Company also introduced select guidance for full-year fiscal 2026. The Company plans to release its full fourth quarter and fiscal year 2025 results on February 24, 2026.

Select Preliminary Financial Information

	Three Months Ended				Percent Change (Using midpoint as illustrative)		Year Ended				Percent Change (Using midpoint as illustrative)
($ in millions, except memberships and per membership data)	December 31,						December 31,
	2025 (Preliminary)		2024 (Actual)				2025 (Preliminary)		2024 (Actual)
Total revenue	$743 – $745		$663.3		12.2 %		$2,993 – $2,995		$2,621.0		14.2 %
Rent	$86 – $87		$79.1		9.4 %		$338 – $339		$304.9		11.0 %
Net income (1)	$120 – $123		$37.2		226.6 %		$371 – $374		$156.2		138.5 %
Adjusted net income	$74 – $77		$60.3		25.2 %		$322 – $325		$200.5		61.3 %
Adjusted EBITDA	$200 – $202		$177.0		13.6 %		$823 – $825		$676.8		21.7 %
Comparable center revenue (2)	9.7% – 9.9%		13.5 %				11.0% – 11.1%		12.2 %
Center memberships, end of period	822,380		812,062		1.3 %		822,380		812,062		1.3 %
Average center revenue per center membership	$880 – $882		$796		10.7 %		$3,529 – $3,531		$3,160		11.7 %

(1)	Net income is preliminarily estimated to include approximately $46 million and $49 million of tax-effected income for the three months and year ended December 31, 2025, respectively, related to (i) payroll tax credits for employee retention under the CARES Act, (ii) payment to us in partial satisfaction of legal claims, net of fees, and (iii) income tax benefits due to a significant exercise of stock options by our Chief Executive Officer that were set to expire in 2025, as well as other adjustments to determine Adjusted net income. Refer to the Adjusted net income reconciliation table under "Use of Non-GAAP Financial Measures" below for additional information.
(2)	The Company includes a center, for comparable center revenue purposes, beginning on the first day of the 13th full calendar month of the center's operation, in order to assess the center's growth rate after one year of operation.

Select Fiscal 2026 Annual Guidance
The Company introduced the following select financial guidance for full-year fiscal 2026:

					Percent
	Year Ending		Year Ended		Change
	December 31, 2026		December 31, 2025		(Using
($ in millions)	(Guidance)		(Preliminary)		midpoints)
Total revenue	$3,300 – $3,330		$2,993 – $2,995		10.7 %
Rent	$378 – $388		$338 – $339		13.1 %
Net income (1)	$330 – $336		$371 – $374		(10.6 %)
Adjusted net income	$369 – $378		$322 – $325		15.5 %
Adjusted EBITDA	$910 – $925		$823 – $825		11.3 %

(1)

Net income is preliminarily estimated to include approximately $49 million of tax-effected income for the year ended December 31, 2025 related to (i) payroll tax credits for employee retention under the CARES Act, (ii) payment to us in partial satisfaction of legal claims, net of fees, and (iii) income tax benefits due to a significant exercise of stock options by our Chief Executive Officer that were set to expire in 2025, as well as other adjustments to determine Adjusted net income. Refer to the Adjusted net income reconciliation table under "Use of Non-GAAP Financial Measures" below for additional information.

The Company also expects the following operational and financial results for full-year fiscal 2026:

• Open 12 to 14 new clubs, most of which will be large-format, ground-up construction clubs. We expect the total square footage of our 2026 class of clubs to be approximately 1.2 million square feet, nearly double the square footage of each of our 2024 and 2025 class of clubs. We expect the majority of our 2026 class of clubs to open in the back half of the year, including six to seven in the fourth quarter of 2026.
• Comparable center revenue growth of 6.3% to 7.3%, which includes our ramping and mature clubs.
• Rent to include non-cash rent expense of $24 million to $27 million.
• Cash income tax expense of $57 million to $59 million.
• Interest expense, net of interest income, of approximately $56 million to $60 million, reflecting full year benefits of reduced interest expense on our term loan facility as a result of our execution of an interest rate swap and repricing during 2025 and greater capitalized interest expense due to increased construction activity related to clubs expected to open in 2026 and 2027.
• Manage our net debt to Adjusted EBITDA leverage ratio to maintain at or below 2.00 times.

About Life Time
Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its more than 185 athletic country clubs across the U.S. and Canada, the complimentary and comprehensive Life Time app featuring its L•AI•C™ AI-powered health companion, and more than 25 iconic athletic events. Serving people ages 90 days to 90+ years, the Life Time ecosystem uniquely delivers healthy living, healthy aging, and healthy entertainment experiences, a range of unique healthy way of life programs, highly trusted LTH nutritional supplements and more. Recognized as a Great Place to Work®, the Company is committed to upholding an exceptional culture for its 44,000 team members.

Unaudited Preliminary Estimated Results for the Three Months and Year-Ended December 31, 2025
The Company's unaudited preliminary estimated financial results are based on information available to us as of the date of this press release. The amounts set forth herein are subject to revision based upon the completion of our year-end financial closing process and audit, a final review by our management, audit committee and independent registered public accounting firm ("Deloitte") and the preparation of full financial statements and related notes. The unaudited preliminary estimated financial information included in this press release has been prepared by, and is the responsibility of, our management. Deloitte has not audited, reviewed, compiled or applied agreed-upon procedures with respect to the preliminary financial information. Accordingly, Deloitte does not express an opinion or any other form of assurance with respect thereto.

The processes we have used to produce the unaudited preliminary estimated financial information required a greater degree of estimation and assumptions than required during a typical year-end closing process. During our completion of our closing process and audit, we may identify additional items that require adjustments to the unaudited preliminary estimated financial information presented in this press release. The unaudited preliminary estimated financial information should not be considered a substitute for the audited consolidated financial statements and related notes for the year ended December 31, 2025, once they become available. 

The preliminary estimated financial results presented in this press release do not purport to indicate our final results of operations for the three months ended December 31, 2025, or the year ended December 31, 2025, nor are they necessarily indicative of any future period and should be read together with our audited consolidated financial statements and related notes, our unaudited condensed consolidated financial statements and related notes and our other financial information reported in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2025, June 30, 2025, and September 30, 2025.

Use of Non-GAAP Financial Measures
This press release includes certain financial measures that are not presented in accordance with GAAP, including Adjusted net income, Adjusted net income per common share, Adjusted EBITDA, and net debt and ratios and calculations with respect thereto. These non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles and should be considered in addition to, and not as a substitute for or superior to, net income, net income per common share, or total debt (defined as long-term debt, net of current portion, plus current maturities of debt) as a measure of financial performance or liquidity or any other performance measure derived in accordance with GAAP, and should not be construed as an inference that the Company's future results will be unaffected by unusual or non-recurring items. In addition, these non-GAAP financial measures should be read in conjunction with the Company's financial statements prepared in accordance with GAAP. The reconciliations of the Company's non-GAAP financial measures to the corresponding GAAP measures should be carefully evaluated.

Adjusted net income is defined as net income excluding the impact of share-based compensation expense as well as (gain) loss on sale-leaseback transactions, capital transaction costs, legal settlements, asset impairment, severance and other items that are not indicative of our ongoing operations, less the tax effect of these adjustments. Adjusted EBITDA is defined as net income before interest expense, net, provision for income taxes and depreciation and amortization, excluding the impact of share-based compensation expense as well as (gain) loss on sale-leaseback transactions, capital transaction costs, legal settlements, asset impairment, severance and other items that are not indicative of the Company's ongoing operations. Net debt is as of the last day of the respective quarter or year. Our net debt leverage ratio is calculated as our net debt divided by our trailing twelve months of Adjusted EBITDA.

The Company presents these non-GAAP financial measures because management believes that these measures assist investors and analysts in comparing the Company's operating performance across reporting periods on a consistent basis by excluding items that management does not believe are indicative of the Company's ongoing operating performance. Investors are encouraged to evaluate these adjustments and the reasons the Company considers them appropriate for supplemental analysis. In evaluating the non-GAAP financial measures, investors should be aware that, in the future, the Company may incur expenses that are the same as or similar to some of the adjustments in the Company's presentation of its non-GAAP financial measures. There can be no assurance that the Company will not modify the presentation of non-GAAP financial measures in future periods, and any such modification may be material. In addition, the Company's non-GAAP financial measures may not be comparable to similarly titled measures used by other companies in the Company's industry or across different industries.

The non-GAAP financial measures have limitations as analytical tools, and investors should not consider these measures in isolation or as substitutes for analysis of the Company's results as reported under GAAP.

The following table provides a reconciliation of net income and income per common share, the most directly comparable GAAP measures, to Adjusted net income and Adjusted net income per common share:

	Three Months Ended				Year Ended
	December 31,				December 31,
	2025		2024		2025		2024
($ in millions, except per share data)	(Preliminary)		(Actual)		(Preliminary)		(Actual)
Net income	$120 – $123		$37.2		$371 – $374		$156.2
Share-based compensation expense (a)	7 – 6		20.6		52 – 51		51.0
(Gain) loss on sale-leaseback transactions (b)	(18) – (18)		—		(13) – (13)		(2.6)
Capital transaction costs (c)	—		—		2 – 2		—
Legal settlements (d)	(39) – (39)		—		(39) – (39)		1.9
Employee retention credits (e)	(20) – (20)		—		(55) – (55)		—
Asset impairments (f)	6 – 6		—		6 – 6		—
Other (g)	—		10.3		—		8.9
Taxes (h)	18 – 19		(7.8)		(2) – (1)		(14.9)
Adjusted net income	$74 – $77		$60.3		$322 – $325		$200.5
Income per common share:
Basic	$0.54 – $0.56		$0.18		$1.68 – $1.71		$0.77
Diluted	$0.52 – $0.54		$0.17		$1.63 – $1.66		$0.74
Adjusted income per common share:
Basic	$0.33 – $0.35		$0.29		$1.46 – $1.49		$0.99
Diluted	$0.32 – $0.34		$0.27		$1.41 – $1.44		$0.95
Weighted-average common shares outstanding:
Basic	220 – 222		207.1		218 – 220		201.6
Diluted	226 – 228		220.3		225 – 227		211.2

(a)	Share-based compensation expense preliminarily estimated to be recognized during the three months and year ended December 31, 2025 was associated with stock options, restricted stock units, performance stock units, our employee stock purchase plan ("ESPP"), and liability-classified awards related to our 2025 short-term incentive plan. Share-based compensation expense recognized during the three months and year ended December 31, 2024 was associated with stock options, restricted stock units, performance stock units, our ESPP, and liability-classified awards related to our 2024 short-term incentive plan.
(b)	We adjust for the impact of gains and losses on the sale-leaseback of our properties as they do not reflect costs associated with our ongoing operations.
(c)	Represents one-time costs related to capital transactions, including debt and equity offerings that are non-recurring in nature.
(d)	We adjust for the impact of unusual legal settlements or judgments as these costs and proceeds are non-recurring in nature and do not reflect costs or proceeds associated with our normal ongoing operations. The vast majority of the preliminarily estimated adjustment for the three months and year ended December 31, 2025 is payment of nearly $40 million by Zurich American Insurance Company in partial satisfaction of legal claims against Zurich for its failure to provide certain business interruption insurance coverage related to the government-ordered suspensions of our club operations in 2020 during the COVID-19 pandemic, representing payment of up to $1.0 million plus interest for 26 occurrences of 29 total occurrences found by the Minnesota Court of Appeals in an order dated August 11, 2025. This payment is offset by preliminarily estimated legal-related expenses in pursuit of our claim against Zurich of $0.9 million for the three months ended December 31, 2025, and $1.0 million and $0.6 million for the years ended December 31, 2025 and 2024, respectively. This adjustment also includes $1.3 million of other costs related to unusual legal settlements or judgments for the year ended December 31, 2024.
(e)	Represents refundable payroll tax credits for employee retention under the CARES Act.
(f)	Represents preliminarily estimated non-cash asset impairments of our long-lived assets related to non-club businesses.
(g)	Includes (i) a $10.3 million and $13.8 million write-off of the unamortized debt discounts and issuance costs associated with the extinguishment of our former term loan facility and construction loan and the loss on the satisfaction and discharge of our 5.750% Senior Secured Notes and 8.000% Senior Unsecured Notes for the three months and year ended December 31, 2024, respectively, (ii) gain on sales of land of $(5.0) million for the year ended December 31, 2024, and (iii) other immaterial transactions that are unusual or non-recurring in nature preliminarily estimated to be $(0.1) million for the three months ended December 31, 2025.
(h)	Represents the estimated tax effect of the total adjustments made to arrive at Adjusted net income using the effective income tax rates for the respective periods. Taxes for the year ended December 31, 2025 is preliminarily estimated to include $12.6 million in income tax benefits due to a significant exercise of stock options by our Chief Executive Officer that were set to expire in 2025.

The following table provides a reconciliation of net income, the most directly comparable GAAP measure, to Adjusted EBITDA:

	Three Months Ended				Year Ended
	December 31,				December 31,
	2025		2024		2025		2024
($ in millions)	(Preliminary)		(Actual)		(Preliminary)		(Actual)
Net income	$120 – $123		$37.2		$371 – $374		$156.2
Interest expense, net of interest income	18 – 17		37.0		83 – 82		148.1
Provision for income taxes	49 – 51		12.6		120 – 122		52.5
Depreciation and amortization	77 – 76		69.6		296 – 295		274.7
Share-based compensation expense (a)	7 – 6		20.6		52 – 51		51.0
(Gain) loss on sale-leaseback transactions (b)	(18) – (18)		—		(13) – (13)		(2.6)
Capital transaction costs (c)	—		—		2 – 2		—
Legal settlements (d)	(39) – (39)		—		(39) – (39)		1.9
Employee retention credits (e)	(20) – (20)		—		(55) – (55)		—
Asset impairments (f)	6 – 6		—		6 – 6		—
Other (g)	—		—		—		(5.0)
Adjusted EBITDA	$200 – $202		$177.0		$823 – $825		$676.8

(a) – (f)    See the corresponding footnotes to the table immediately above.

(g)     Includes gain on sales of land of $(5.0) million for the year ended December 31, 2024.

The following table provides a reconciliation of net income, the most directly comparable GAAP measure, to Adjusted net income:

	Year Ending
($ in millions)	December 31, 2026
Net income	$330 – $336
Share-based compensation expense	54 – 58
Taxes	(15) – (16)
Adjusted net income	$369 – $378

The following table provides a reconciliation of net income, the most directly comparable GAAP measure, to Adjusted EBITDA:

	Year Ending
($ in millions)	December 31, 2026
Net income	$330 – $336
Interest expense, net of interest income	60 – 56
Provision for income taxes	129 – 130
Depreciation and amortization	337 – 345
Share-based compensation expense	54 – 58
Adjusted EBITDA	$910 – $925

Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of federal securities regulations. Forward-looking statements in this press release include, but are not limited to, the Company's plans, strategies and prospects, both business and financial, including its current expectations for the fourth quarter and year ended 2025 financial results and its financial outlook for fiscal year 2026, growth, capital expenditures, leverage, interest expense, consumer demand, industry and economic trends, taxes, rent expense and expected number, size and timing of new center openings. These statements are based on the beliefs and assumptions of the Company's management. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning the Company's possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. In addition, any statements or    information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking.

Factors that could cause actual results to differ materially from those forward-looking statements included in this press release include, but are not limited to, risks relating to our business operations and competitive and economic environment, risks relating to our brand, risks relating to the growth of our business, risks relating to our technological operations, risks relating to our capital structure and lease obligations, risks relating to our human capital, risks relating to legal compliance and risk management and risks relating to ownership of our common stock and the other important factors discussed under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the Securities and Exchange Commission (the "SEC") on February 27, 2025 (File No. 001-40887), as such factors may be updated from time to time in the Company's other filings with the SEC, which are accessible on the SEC's website at www.sec.gov. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement that the Company makes in this press release speaks only as of the date of such statement. Except as required by law, the Company does not have any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.

 

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SOURCE Life Time Group Holdings, Inc.

FAQ

What were Life Time (LTH) preliminary total revenue and growth for fiscal 2025?

Life Time reported preliminary FY2025 total revenue of $2,993–$2,995M, an increase of ~14.2% YoY.

How much did Life Time (LTH) report in Adjusted EBITDA for FY2025?

Life Time's preliminary FY2025 Adjusted EBITDA was $823–$825M, a 21.7% increase YoY.

What guidance did Life Time (LTH) give for revenue and Adjusted EBITDA in FY2026?

The company guided FY2026 revenue $3,300–$3,330M (+10.7%) and Adjusted EBITDA $910–$925M (+11.3%).

Why might Life Time (LTH) net income guidance fall in FY2026 despite revenue growth?

The company guided FY2026 net income $330–$336M, down ~10.6% vs FY2025 midpoint, citing higher rent, construction-related costs and capitalized interest.

How many new clubs will Life Time (LTH) open in 2026 and what is the expected size?

Life Time expects to open 12–14 new clubs in 2026, totaling about 1.2 million square feet, with most openings in H2 and 6–7 in Q4.

What leverage target did Life Time (LTH) set for net debt to Adjusted EBITDA?

The company intends to manage net debt to Adjusted EBITDA to remain at or below 2.00x.