Q1 26 EPS
$0.42
BEAT +9.89%
Est. $0.38
Q1 26 Revenue
$788.7M
BEAT +0.19%
Est. $787.2M
vs S&P Since Q1 26
+52.2%
BEATING MARKET
LTH +55.4% vs S&P +3.2%
Market Reaction
Did LTH Beat Earnings? Q1 2026 Results
Life Time Group Holdings delivered a solid beat on both lines in Q1 2026, reporting earnings per share of $0.42 against a consensus estimate of $0.38, a 9.89% positive surprise, while revenue climbed 11.7% year-over-year to $788.70 million, edging pa… Read more Life Time Group Holdings delivered a solid beat on both lines in Q1 2026, reporting earnings per share of $0.42 against a consensus estimate of $0.38, a 9.89% positive surprise, while revenue climbed 11.7% year-over-year to $788.70 million, edging past the $787.24 million estimate. The standout driver was the company's deliberate shift away from lower-paying insurance-administered memberships toward higher-value members, pushing average center revenue per membership to $930 from $844 a year ago and lifting adjusted EBITDA 18.3% to $226.66 million with margins expanding to 28.7%. Net income rose 15.8% to $88.10 million, though the comparison was complicated by prior-year tax benefits tied to a CEO stock option exercise. Interest expense fell sharply to $15.70 million as the company continued reducing debt, bringing its net leverage ratio to 1.6x. Management raised full-year revenue guidance to $3.32 billion to $3.35 billion and lifted adjusted EBITDA expectations to $925 million to $940 million, underpinned by plans to open 12 to 14 new large-format clubs in 2026, with the bulk arriving in the second half.
Key Takeaways
- • Higher average membership dues driven by improved membership mix
- • Membership growth in new and ramping centers
- • Higher member utilization of in-center offerings, particularly Dynamic Personal Training
- • Significant reduction in qualified memberships administered through medical insurance providers
- • Average center revenue per center membership increased to $930 from $844 year-over-year
- • Comparable center revenue growth of 8.6%
- • Net interest expense declined to $15.7 million from $25.1 million year-over-year
- • Net debt leverage ratio improved to 1.6x from 2.0x
LTH Forward Guidance & Outlook
Life Time raised its full-year 2026 guidance: total revenue of $3,320–$3,350 million (up from $3,300–$3,330 million), net income of $340–$345 million (up from $330–$336 million), adjusted net income of $378–$386 million (up from $369–$378 million), and adjusted EBITDA of $925–$940 million (up from $910–$925 million). The company reiterated plans to open 12 to 14 new clubs in 2026, with total square footage of approximately 1.2 million square feet, nearly double the 2024 and 2025 classes. Most openings are expected in the back half of the year, including six to seven in Q4. Comparable center revenue growth is now expected at 6.9%–7.5%, up from 6.3%–7.3%. Sale-leaseback transactions were increased to approximately $400 million from $300 million. The company expects to maintain its net debt to Adjusted EBITDA leverage ratio at or below 2.0x. Weighted-average diluted shares are expected at approximately 228–230 million, not including any incremental impact from the $500 million share buyback program.
LTH YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
LTH Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our first quarter results reflect strong execution and continued momentum across our business. Our growth strategy remains on track. We are on schedule to open this year's planned 12 to 14 new clubs, which are predominantly large-format, ground-up athletic country clubs. Membership engagement continues to rise, our membership mix is improving, and in-center performance remains robust. Supported by a solid balance sheet, low leverage, and strong cash generation, we are well positioned for continued growth.”
— Bahram Akradi, Q1 2026 Earnings Press Release
LTH Earnings Trends
LTH vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
LTH EPS Trend
Earnings per share: estimate vs actual
LTH Revenue Trend
Quarterly revenue: estimate vs actual
LTH Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.38 | $0.42 | +9.89% | $788.7M | +0.19% |
| Q4 25 BEAT FY | $0.33 | $0.34 | +1.80% | $745.1M | +0.15% |
| FY Full Year | $1.51 | $1.44 | -4.64% | $3.00B | +0.12% |
| Q3 25 BEAT | $0.36 | $0.41 | +14.69% | $782.6M | +1.41% |
| Q2 25 BEAT | $0.36 | $0.37 | +3.35% | $761.5M | +1.18% |
| Q1 25 BEAT | $0.28 | $0.39 | +39.29% | $706.0M | +3.37% |