Life Time Group Holdings, the premium fitness and wellness operator behind more than 185 athletic country clubs in the U.S. and Canada, reported preliminary estimates for its fourth quarter and the full fiscal year of 2025, with increases in profitability and membership economics. The company also unveiled select guidance for fiscal 2026 ahead of its full audited results, set for release on Feb. 24, 2026.
According to the unaudited figures, fourth-quarter revenue is expected to come in between $743 million and $745 million, up about 12.2% from the prior period, while full-year revenue is projected around $2.99 billion, roughly 14.2% higher than 2024.
These gains accompany even more growth in profitability: net income for the quarter is preliminarily estimated at $120 million–$123 million, more than triple the prior year level, and full-year net income is expected to land between $371 million and $374 million, representing an approximate 138.5% increase. Diluted earnings per share are also poised for sharp increases for both the quarter and the year.
Adjusted performance measures that strip out certain items tell a similar story of healthy underlying operations, with adjusted net income and adjusted EBITDA both rising significantly year-over-year for the quarter and full year.
Despite an uptick in total memberships — ending the year with 822,380 center members, up about 1.3% from the prior period — Life Time reported a notable increase in average revenue per center membership, indicating that members are spending more on services beyond basic dues.
For fiscal 2026, Life Time offered select guidance pointing to continued expansion:
- Total revenue of $3.3 billion–$3.33 billion, an approximate 10.7% increase at the midpoint vs. 2025 estimates.
- Adjusted EBITDA of $910 million–$925 million, up more than 11% from the projected 2025 level.
- Adjusted net income forecast of $369 million–$378 million, also higher than 2025.
The company’s guidance also anticipates a slightly lower net income compared with 2025’s preliminary estimate, reflecting continued investment in growth, including plans to open 12–14 new large-format clubs in 2026 — with most openings expected in the back half of the year and totaling roughly 1.2 million square feet of new space.
Life Time has framed these preliminary results as a continuation of its strategy to balance organic membership growth with deeper engagement and higher per-member revenue, positioning itself as more than a traditional gym operator. Full audited results, with detailed commentary and analysis, will be released in late February.
