Life Time Group Holdings, Inc.

Life Time Group Holdings, Inc. operates premium athletic country clubs and wellness destinations under the Life Time brand. It combines fitness, spa, dining, childcare, events, digital services, and adjacent asset-light offerings such as co-working and wellness-oriented residences to create a broader “Healthy Way of Life” ecosystem for members.

26,0 %

47,6 %

12,5 %

+14,3 %

0.63

0.52

— Life Time Group Holdings, Inc.
%
Center memberships and club access80% Recurring memberships that provide access to Life Time's athletic country clubs and amenities.
Ancillary club services12% Spa, café, childcare, personal training, and other in-center services sold to members.
Other revenue8% Media, athletic events, race services, and revenue from Work and Living locations.

Life Time sells primarily to affluent individuals and families who want a premium, all-in-one fitness and wellness...

  • Individual club membersprimary

    Buy memberships for access to premium clubs, classes, pools, courts, and wellness amenities.

  • Familiesprimary

    Use childcare, Kids Academy, and broad amenity sets that make frequent visits practical.

  • High-income urban and suburban consumersprimary

    Pay for a luxury, resort-like fitness and leisure experience close to home or work.

  • Life Time Work memberssecondary

    Buy premium co-working space with club access and a wellness-oriented work setting.

  • Life Time Living residents and developerssecondary

    Use wellness-oriented residential offerings and adjacent development partnerships.

  • Event participants and media audiencessecondary

    Consume endurance event services, race registration/timing, and branded media content.

Life Time's core business is concentrated in the United States, with more than 185 centers across 31 states, and it...

  • •Primary revenue base is the United States across 31 states
  • •One province in Canada adds a smaller cross-border presence
  • •Centers are placed in affluent suburban and urban trade areas
  • •Work and Living locations are clustered near club destinations
  • •Geography matters because local density supports membership retention
  • •Real estate and local competition shape club economics

Life Time is extending its premium club model into a broader wellness ecosystem that keeps members engaged across more...

01
Expand the club footprint in attractive marketsmedium-term

New centers drive membership growth and extend the brand into affluent trade areas.

02
Raise revenue per center membershipshort-term

Premium pricing and richer amenity usage improve unit economics and member lifetime value.

03
Build the adjacent wellness ecosystemmedium-term

Work and Living create additional touchpoints and can support club traffic and brand loyalty.

04
Modernize clubs and technologyshort-term

Upgrades help maintain the premium experience and support operating efficiency.

The business depends on keeping members engaged and willing to pay premium prices, so any slowdown in discretionary...

high

Member attraction and retention

The model depends on recurring memberships and frequent usage; weaker engagement reduces revenue per center.

Scope
Membership dues and ancillary spend
Materiality
high
high

Brand reputation deterioration

The premium positioning relies on perceived quality, amenities, and service consistency.

Scope
Pricing power and membership growth
Materiality
high
high

Macro and discretionary spending weakness

Fitness and wellness memberships are discretionary and sensitive to consumer confidence and recession risk.

Scope
New sales and renewals
Materiality
high
medium

Supplier and supply chain disruption

Equipment and certain services are sourced from third parties and may be hard to replace quickly.

Scope
Center operations and expansion
Materiality
medium
medium

Competition across multiple formats

The company competes with gyms, boutique studios, country clubs, and digital wellness offerings.

Scope
Market share and pricing
Materiality
high
Goodwill and indefinite-lived intangible impairment
Could create non-cash impairment charges if expectations weaken
Lease accounting
Affects operating expense, liabilities, and cash flow presentation
Sale-leaseback transactions
Can create gains or losses and change financing/cash flow optics
Capital expenditure capitalization
Influences EBITDA timing, depreciation, and future cash needs

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: 28/04/2026