LTHNYSEServices-Membership Sports & Recreation ClubsUS GAAP · USD

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.

Liikevaihto2 995milj. USD
+14,3 %v/v
Liikevoitto (EBIT)481milj. USD
+34,6 %v/v
EBIT-marginaali16,1%
+2,4 %-yks.v/v
Nettotulos374milj. USD
+139,2 %v/v
Vapaa kassavirta−21,0milj. USD
−141,4 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−1 00001 0002 0003 000milj. USD2020: 948 milj. USD2020: EBIT −359 milj. USD20202021: 1 318 milj. USD2021: EBIT −495 milj. USD20212022: 1 823 milj. USD2022: EBIT 111 milj. USD20222023: 2 217 milj. USD2023: EBIT 225 milj. USD20232024: 2 621 milj. USD2024: EBIT 357 milj. USD20242025: 2 995 milj. USD2025: EBIT 481 milj. USD20252 995481
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
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.

Tuotteet

Raportoitu · osuus liikevaihdosta
70,5%26,6%FY2025100 %
  • Membership70,5 %
  • In Center26,6 %
  • Other2,9 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Life Time sells primarily to affluent individuals and families who want a premium, all-in-one fitness and wellness experience. Members buy access not just for exercise, but for convenience, social community, childcare, recovery, dining, and lifestyle amenities that support frequent use and retention. The company also serves co-working users, residents in wellness-oriented housing, and participants in endurance events and related services.

Individual club members

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

Families

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

High-income urban and suburban consumers

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

Life Time Work members

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

Life Time Living residents and developers

Use wellness-oriented residential offerings and adjacent development partnerships.

Event participants and media audiences

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

Strategia

Life Time is extending its premium club model into a broader wellness ecosystem that keeps members engaged across more parts of the day. Management is also investing in new centers, remodels, technology, and asset-light Work and Living concepts to widen the brand footprint without relying only on traditional club growth.

Expand the club footprint in attractive marketsKeskipitkä aikaväli

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

Raise revenue per center membershipLyhyt aikaväli

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

Build the adjacent wellness ecosystemKeskipitkä aikaväli

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

Modernize clubs and technologyLyhyt aikaväli

Upgrades help maintain the premium experience and support operating efficiency.

Maantiede

Life Time's core business is concentrated in the United States, with more than 185 centers across 31 states, and it also operates in one province in Canada. Its clubs are typically located in affluent suburban and urban trade areas, which supports premium pricing but also ties performance to local demographics and real estate economics. The company is expanding nearby Work and Living locations to deepen its footprint around existing clubs and improve member engagement.

Riskit

The business depends on keeping members engaged and willing to pay premium prices, so any slowdown in discretionary spending or weakening of the brand can hurt retention and pricing power. Growth also requires continued access to suitable real estate, reliable third-party suppliers, and disciplined capital spending, while the company faces competition from gyms, boutique studios, country clubs, digital fitness, and other wellness alternatives.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Macro and discretionary spending weakness1Member attraction and retention2Brand reputation deterioration3Supplier and supply chain disruption4Competition across multiple formats5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Macro and discretionary spending weaknessVaikutus: KorkeaTodennäköisyys: Korkea

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

    Kohdistuu: New sales and renewals

  2. Member attraction and retentionVaikutus: KorkeaTodennäköisyys: Kohtalainen

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

    Kohdistuu: Membership dues and ancillary spend

  3. Brand reputation deteriorationVaikutus: KorkeaTodennäköisyys: Kohtalainen

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

    Kohdistuu: Pricing power and membership growth

  4. Supplier and supply chain disruptionVaikutus: KeskitasoTodennäköisyys: Kohtalainen

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

    Kohdistuu: Center operations and expansion

  5. Competition across multiple formatsVaikutus: KeskitasoTodennäköisyys: Kohtalainen

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

    Kohdistuu: Market share and pricing

Kirjanpito

Harkinnanvaraiset erät
Goodwill and indefinite-lived intangible impairment

Valuation uses assumptions about revenue growth, margins, membership trends, and discount rates.

Vaikutus: Could create non-cash impairment charges if expectations weaken

Lease accounting

The company operates many centers under leases, so straight-line rent and lease liabilities are important.

Vaikutus: Affects operating expense, liabilities, and cash flow presentation

Sale-leaseback transactions

The company uses sale-leasebacks to fund growth and manage capital needs.

Vaikutus: Can create gains or losses and change financing/cash flow optics

Capital expenditure capitalization

Growth, maintenance, and modernization spending must be classified and depreciated over time.

Vaikutus: Influences EBITDA timing, depreciation, and future cash needs

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026