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The Beachbody Company
The Beachbody Company (BODY) investor relations material
The Beachbody Company Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary10 Mar, 2026
Executive summary
Completed a major business model transformation in 2025, shifting from multi-level marketing (MLM) to a five-pronged omni-channel and affiliate approach, including direct-to-consumer, Amazon, retail, affiliate, and win-back programs, and ceasing connected fitness inventory sales.
Achieved positive operating income and net income for both Q4 and the full year 2025, marking the first time since 2021 for both metrics and the second consecutive quarter of net income.
Positive free cash flow for the full year and strong cash position with over $39 million on the balance sheet.
Launched new digital fitness and nutrition products, including 10 Minute BODi and P90X Generation Next, with strong early customer engagement.
Entering retail distribution for the first time, with Shakeology and P90X supplements launching in Sprouts and other retailers in 2026.
Financial highlights
Q4 2025 revenue was $55.5 million, down 7.3% sequentially and 35.7% year-over-year; full year revenue was $251.7 million, down 39.9%.
Q4 operating income was $8.2 million, a $41.1 million improvement from a $32.9 million loss in Q4 2024.
Q4 net income was $5.2 million, compared to a $34.6 million net loss in Q4 2024; full year net loss narrowed to $2.9 million from $71.6 million.
Adjusted EBITDA for Q4 was $12.9 million, up 48% year-over-year; full-year adjusted EBITDA was $30.8 million, up 8.8%.
Gross margin improved to 74.5% in Q4 and 73.0% for the year.
Outlook and guidance
Q1 2026 revenue guidance: $49–$54 million; net income guidance: -$2 million to $1 million; adjusted EBITDA: $4–$7 million.
First clean year-over-year comparison for the new business model expected in Q3 2026.
Anticipates a shift toward a higher mix of Nutrition & Other revenue by end of 2026, with gross margin targets of 69–73%.
What drives profit growth amid revenue contraction?
Specifics on 2026 innovation pipeline and market strategy.
How does the Pivot enable future growth strategy?
Retail expansion: What's the next major win?
Nutrition-first CAC: How does it shift spend?
GLP-1 strategy: Tailored products/marketing?
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Next The Beachbody Company earnings date
Q1 202613 May, 2026
The Beachbody Company
Next The Beachbody Company earnings date
Q1 202613 May, 2026
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The Beachbody Company Inc provides at-home fitness and nutrition subscription services. Its offerings include streaming workout programs, fitness equipment, and nutritional supplements. The company is headquartered in El Segundo, California, and its shares are listed on the NYSE.
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