Planet Fitness Inc - Class A
Q4 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: −6.15%.
Did PLNT Beat Earnings? Q4 2025 Results
Planet Fitness delivered a clean beat to close out fiscal 2025, reporting Q4 earnings per share of $0.83 against a consensus estimate of $0.78, a 6.25% positive surprise, while revenue of $376.26 million topped the $368.01 million estimate by 2.24% and grew 10.5% year over year. The primary engine behind the quarter was broad-based segment strength, with the Equipment segment leading the way on higher sales to both new and existing franchisee-owned clubs, complementing a 5.7% system-wide same club sales gain that reflected continued member demand following last year's Classic Card price increase. The company closed 2025 with approximately 20.8 million members and 2,896 global locations, adding 181 new clubs during the year. Despite the strong print, shares pulled back notably on concerns that management's 2026 guidance, calling for roughly 9% revenue growth and 4% to 5% same club sales gains, represents a deceleration from recent trends. Planet Fitness also guided for 180 to 190 new club openings and adjusted EPS growth of 9% to 10% for the coming year.
- System-wide same club sales increase of 5.7% in Q4 and 6.7% for full year
- Net membership growth of 1.1 million in 2025, reaching approximately 20.8 million members
- 104 new club openings in Q4 bringing total to 2,896 clubs
- Higher royalty revenue driven by same club sales growth and new club additions
- Higher equipment sales to both existing and new franchisee-owned clubs
- 50% price increase for new Classic Card members sustained strong demand
“We're pleased with our strong performance in 2025 that was the result of our unwavering focus on our four strategic imperatives. We ended the year with approximately 20.8 million members, and a global footprint of nearly 2,900 clubs, reinforcing the quality of our member experience and our core conviction that anyone can get a great workout at Planet Fitness for an incredible value. Adding approximately 1.1 million net new members in 2025—the first full-year of our 50 percent price increase for new Classic Card members—highlights the incredible demand for our brand.”
Planet Fitness CEO, on the earnings call
Forward Guidance & Outlook
For fiscal year 2026, Planet Fitness expects: system-wide same club sales growth in the 4% to 5% range; revenue to increase approximately 9%; Adjusted EBITDA to increase approximately 10%; Adjusted net income to increase 4% to 5%; Adjusted net income per diluted share to increase 9% to 10% based on adjusted diluted weighted-average shares of approximately 80.0 million (inclusive of expected share repurchases); new equipment placements of approximately 150 to 160 in franchisee-owned locations; system-wide new club openings of approximately 180 to 190 locations; net interest expense of approximately $114.0 million; capital expenditures to increase approximately 10% to 15%; and depreciation and amortization to increase approximately 10% compared to 2025.
PLNT YoY Financials
PLNT Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.