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Life Time Group (LTH) investor relations material
Life Time Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary4 Nov, 2025
Executive summary
Q3 2025 revenue rose 12.9% to $783 million, with net income up 147% to $102.4 million, driven by higher dues, new center growth, and increased in-center utilization, especially in Dynamic Personal Training.
Adjusted net income reached $93 million (up 65.2%), and adjusted EBITDA was $220 million (22% increase), with margins improving to 28.1%.
Memberships ended the quarter at 841,000 (891,000 including on-hold), with visits per membership up 5.9% and total visits up 7% year-over-year.
Asset-light expansion continues, with 185 centers open, 17 under construction, and plans for 12–14 new large-format clubs annually starting in 2026.
Strategic initiatives include digital and AI-driven offerings, expanded nutritional products, and new wellness programs.
Financial highlights
Q3 2025 revenue was $782.6 million, up from $693.2 million in Q3 2024; nine-month revenue reached $2.25 billion, up from $1.96 billion.
Net income for Q3 2025 was $102.4 million, up from $41.4 million in Q3 2024; nine-month net income was $250.7 million, up from $119.1 million.
Adjusted EBITDA margin improved by 210 basis points to 28.1%.
Net cash from operating activities for the nine months was $630.7 million, up 53.1% year-over-year; free cash flow for the nine months was $216.4 million.
Sale-leaseback transactions generated $33.9 million in Q3 and $172.7 million year-to-date in net proceeds.
Outlook and guidance
Full-year 2025 revenue guidance raised to $2,978–$2,988 million, net income to $304–$306 million, and adjusted EBITDA to $820–$824 million.
Comparable center revenue growth guidance raised to 10.8%–11.0%.
Plan to open 12–14 new large-format clubs annually in 2026 and beyond, with 13 already under construction.
2026 outlook and guidance to be provided in January.
Net debt leverage ratio targeted to remain below 2.0x.
Growth capital allocation strategy for 2026?
Long-term strategy for in-center revenue mix?
How to sustain leverage below 2.0x with growth?
How does membership optimization affect unit growth?
Capital allocation: growth vs. shareholder returns?
New ventures' contribution to 2026 growth?
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Next Life Time Group earnings date
Q4 202527 Feb, 2026
Next Life Time Group earnings date
Q4 202527 Feb, 2026
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Frequently asked questions
Life Time Group Holdings Inc. is a wellness and lifestyle company that operates a network of fitness and health centers across the United States and Canada. The company provides premium services, including fitness classes, personal training, sports facilities, spa services, and childcare. The company is headquartered in Chanhassen, Minnesota, and its shares are listed on the NYSE.
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