)
Smartfit (SMFT3) investor relations material
Smartfit Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 17% year-over-year growth in club network, reaching 1,867 units across 16 countries, with 276 clubs added in the last 12 months and entry into a new country.
Member base exceeded 5.2 million, up 8% year-over-year, with annualized average net revenue per owned club rising 4% due to higher membership and ticket prices.
Net revenue grew 28% year-over-year to R$1.8 billion, driven by network expansion, a 12% increase in average member base, and a 10% rise in average ticket.
Record EBITDA of R$586 million, up 33% year-over-year, with margin expansion to 32.1%.
Recurring net income grew 43% year-over-year to R$177 million, with a net margin of 9.7%.
Financial highlights
Net revenue: R$1,824 million (+28% YoY, +2% QoQ).
Cash gross margin before pre-operating costs reached 50.8% in 3Q25, up 0.3p.p. from 3Q24.
EBITDA: R$586 million (+33% YoY), EBITDA margin at 32.1% (+1.0p.p. YoY).
Recurring net income: R$177 million (+43% YoY), recurring net margin at 9.7%.
Operating cash flow reached R$605 million, converting 103% of EBITDA to cash.
Outlook and guidance
Confident in 2025 guidance of 340-360 new club openings, with 80% expected to be owned clubs, supported by strong execution and favorable market conditions.
252 units under construction, supporting accelerated expansion.
Next Smartfit earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)