The Beachbody Company Stock Price, News & Analysis
Company Description
The Beachbody Company, Inc., which operates under the brand name BODi and trades on the Nasdaq Capital Market under the symbol BODI, is a fitness and nutrition company in the communication services sector, classified within internet content and information. According to company disclosures, BODi, formerly known as Beachbody, has focused on structured, step-by-step home fitness and nutrition programs for decades and has helped tens of millions of people pursue health and wellness goals through its digital platform, nutritional offerings and community-based approach.
The company describes itself as a pioneer in home fitness, with structured programs that guide users through multi-week training plans. BODi highlights iconic programs such as P90X, INSANITY, and 21 Day Fix, as well as its premium superfood nutrition supplement Shakeology. These programs and products are presented by the company as core elements of its health and wellness ecosystem, designed to support healthy weight management, strength, energy, and overall mental and physical well-being.
In its public materials, BODi states that it operates a health and wellness platform that offers digital subscriptions, nutritional products, and connected fitness products. Polygon data notes that the company manages its business in one operating segment and that a majority of revenue is generated through digital activities, with most revenue coming from the United States. Within this model, digital subscriptions give customers access to a large library of structured fitness content, while nutrition products, including Shakeology and related offerings, are designed to complement the workout programs.
BODi emphasizes that its community includes millions of people who support each other in pursuing healthy weight loss, improved strength and energy, and resilient mental and physical well-being. The company positions this community element as a key part of its platform, helping users stay motivated and accountable to their goals. Its communications also highlight benefits such as improved metabolic function, better sleep, and evidence-based habits that support healthspan and longevity.
Business focus and product ecosystem
Company descriptions and recent announcements show that BODi continues to expand and refine its digital content. It has launched offerings such as “10 Minute BODi”, described as a Microdose Fitness subscription built around short, 10-minute workouts designed to make fitness more accessible for busy or deconditioned individuals. This curated collection includes hundreds of short workouts and multiple four-week Microdose Fitness programs, each structured around daily 10-minute sessions.
BODi also continues to develop new flagship programs within its library. For example, the company announced DIG IN, a 30-day program created with Super Trainer Shaun T that combines low-impact cardio and functional strength training in 30-minute sessions. DIG IN is positioned as an evolution of earlier Shaun T programs such as INSANITY and DIG DEEPER, with a focus on total-body transformation through structured, repeatable workouts. In addition, BODi has announced “P90X Generation Next”, a new installment in the P90X franchise led by Super Trainer Waz Ashayer, which the company describes as a next chapter for extreme home fitness built around updated functional program design.
Beyond its own platform, BODi has entered collaborations to extend the reach of its content. One example is its partnership with the Reebok Fitness App, under which more than 30 sample BODi workouts from programs like 21 Day Fix, 25 Minute Speed Train, Dig Deeper, INSANITY, LIIFT4, and P90X are made available inside the Reebok Fitness App. In that collaboration, the company also highlights Shakeology to Reebok Fitness App members as a way to help fill nutrition gaps and support feeling their best.
Revenue mix and operating structure
According to Polygon data, The Beachbody Company, Inc. operates and manages its business in one operating segment. The same source indicates that the company’s product offerings include digital subscriptions, nutritional products, and connected fitness products, and that the majority of its revenue is generated in the United States, with a majority of revenue coming from digital activities. In its third quarter 2025 earnings release, the company further breaks out revenue into Digital, Nutrition and Other, and Connected Fitness, illustrating the importance of digital subscriptions and nutrition-related products to its business model.
The company has also reported changes in its connected fitness activities. In its third quarter 2025 financial results, BODi notes that connected fitness revenue was zero for the period as it had ceased the sale of bike inventory earlier in 2025. This disclosure indicates a shift away from connected fitness hardware sales and a stronger emphasis on digital and nutrition categories.
Stock listing and exchange transfer
The Beachbody Company, Inc. has disclosed in an 8-K filing that its Class A common stock, par value $0.0001 per share, traded on the New York Stock Exchange under the symbol BODI. On August 20, 2025, the company announced that it intended to voluntarily withdraw the listing of its Class A common stock from the NYSE and transfer the listing to the Nasdaq Capital Market. The filing states that the Nasdaq approved the listing and that the company expected NYSE trading to cease at the close of trading on September 2, 2025, with trading on Nasdaq expected to begin on September 3, 2025, continuing under the symbol “BODI.”
Subsequently, a Form 25 filing dated September 2, 2025, confirms the notification of removal from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934. In that filing, The Beachbody Company, Inc. indicates that it relied on Rule 12d2-2(c) for voluntary withdrawal of its Class A common stock from listing and registration on the New York Stock Exchange, consistent with the previously announced transfer to Nasdaq.
Financial profile and transformation narrative
In its third quarter 2025 earnings press release, BODi describes a strategic transformation focused on building a more efficient operating model and strengthening its financial position. The company reports that it generated net income and operating income for the first time since becoming a public company, and that it has delivered multiple consecutive quarters of positive adjusted EBITDA. Management commentary in that release emphasizes efforts to lower the break-even point of the business and to position the company to leverage an innovation pipeline aimed at returning to top-line growth.
The same earnings release outlines key metrics such as digital revenue, nutrition and other revenue, subscription counts, and engagement indicators like total streams and DAU/MAU ratios. The company also references a pivot in its business model that was announced previously and executed in late 2024, noting that prior-year periods do not reflect the impact of that pivot and therefore are not directly comparable. While specific forward-looking guidance is presented in that release, those projections are time-bound and therefore not central to an evergreen company overview.
Credit agreement amendment and liquidity flexibility
On January 8, 2026, BODi announced an amendment to its credit agreement with Tiger Finance, LLC, acting as administrative agent and collateral agent. The company states that this modification enhances its financial flexibility through amended covenant terms. According to the press release, the amendment streamlines the financial covenant structure and adjusts certain covenants, including those related to the number of digital subscriptions and total billings. The company notes that most of the amended covenants will not be required to be tested if its cash balance is above a specified threshold, and that the amendment preserves potential interest rate reductions, with the first opportunity for rates to decrease beginning with the period ended December 31, 2026.
In that same announcement, BODi highlights its cash position relative to its debt level as of September 30, 2025, presenting this as evidence of what it describes as a financial transformation. Company leadership characterizes the covenant changes as less restrictive and as providing additional flexibility to pursue growth strategies, including what it calls a comprehensive retail initiative and an innovation pipeline, while maintaining financial discipline.
Events and investor outreach
BODi participates in investor conferences and outreach activities as part of its communication with the capital markets. The company has announced participation in events such as Noble Capital Markets’ annual emerging growth equity conference and Sidoti’s virtual investor conference, as well as the ICR Conference. In these announcements, BODi typically notes that members of its senior leadership team will present or participate in fireside chats and one-on-one meetings, and that webcasts or replays of these presentations are made available through the investor section of its website or through conference-host platforms.
Mission and target audience
Across multiple press releases, BODi consistently describes its mission as helping people achieve their goals and lead healthy, fulfilling lives. The company emphasizes that it focuses particularly on busy, time-strapped people who want to integrate healthy habits into everyday life through proven solutions. Its messaging underscores the idea that structured, step-by-step programs, combined with supportive community features and nutrition offerings, can make it easier for individuals to adopt sustainable fitness and wellness routines.
By positioning itself as a digital fitness and nutrition platform with a long history of home-based programs, BODi aligns its brand with users who prefer or require at-home solutions and who seek guided, programmatic approaches rather than unstructured workouts. The company’s emphasis on microdose fitness, short-duration sessions, and low-impact options also reflects an effort to reach people who may feel intimidated by traditional fitness environments or who need more accessible entry points into regular exercise.