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The Beachbody Company (BODY) investor relations material
The Beachbody Company Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved third consecutive quarter of net and operating income, with Q1 2026 net income of $2.3M versus a $5.7M loss in Q1 2025, reflecting a transformed business model.
Total Q1 2026 revenue was $54.3M, above guidance but down 2.3% sequentially and 25% year-over-year due to transition from MLM to omni-channel.
Gross margin improved to 71.8%, within target range and up from 71.2% year-over-year; tenth consecutive quarter of positive adjusted EBITDA at $8M, up from $3.7M prior year.
Strategic pivot to nutrition-first, omni-channel model, leveraging iconic brands and retail expansion.
Revenues, net income, and adjusted EBITDA exceeded the high end of guidance.
Financial highlights
Digital revenue for Q1 2026 was $33.6M, down 2.1% sequentially and 21.8% year-over-year; nutrition and other revenue was $20.7M, down 2.5% sequentially and 27.7% year-over-year.
Digital subscriptions declined 6.9% quarter-over-quarter to 810,000; nutrition subscriptions fell 25% sequentially to 60,000.
Digital gross margin rose to 87.4%, up 10 bps sequentially and 190 bps year-over-year; nutrition gross margin was 46.7%, down 700 bps sequentially.
Operating expenses were $35.9M, up 8.2% sequentially but down 35% year-over-year, driven by lower selling/marketing and G&A costs.
Free cash flow was negative $1.7M, compared to $1.6M in Q1 2025; cash balance at quarter-end was $36.6M, with $25M in debt.
Outlook and guidance
Q2 2026 revenue expected between $46M-$51M; net income between -$3M and $2M; adjusted EBITDA $3M-$6M.
Anticipate shift to higher nutrition revenue mix by end of 2026; digital gross margin target 86%-88%, nutrition gross margin 43%-47%, total gross margin 69%-72%.
Q3 2026 will be first quarter with clean year-over-year comparisons post-MLM exit.
Management expects adequate cash flows to support ongoing operations for at least one year.
Continued focus on cost control and digital subscription retention is anticipated.
- Board recommends approval of director slate, auditor, and executive compensation at annual meeting.BODY
Proxy filing23 Apr 2026 - Virtual annual meeting to vote on board, auditor, and executive pay, with board support for all.BODY
Proxy filing23 Apr 2026 - Turnaround success with new multi-channel strategy, strong financials, and innovative product launches.BODY
Investor presentation24 Mar 2026 - Achieved profitability, positive cash flow, and launched new products despite revenue decline.BODY
Q4 202510 Mar 2026 - Turnaround strategy leverages hybrid sales, cost cuts, and innovation to drive profitable growth.BODY
Virtual Consumer Company Showcase3 Feb 2026 - Q2 beat guidance with improved margins, positive cash flow, and a shift toward nutrition growth.BODY
Q2 20242 Feb 2026 - Turnaround delivers profitability, margin gains, and sets stage for growth in fitness and nutrition.BODY
Canaccord Genuity 44th Annual Growth Conference & Private Company Showcase 20242 Feb 2026 - Turnaround success with profitability restored and major product launches set for 2026.BODY
28th Annual ICR Conference 202630 Jan 2026 - Gross margin rose to 67% as affiliate model transition and restructuring progressed.BODY
Q3 202414 Jan 2026
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