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Life Time Group Holdings cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$26.6M in Q3 2026 · −$206M over twelve months

Operating cash flow$262M
Capital spending−$289M
Free cash flow−$26.6M
Cash / net income2.5×
Cash conversion cycle-4 days

Analysis

In Q3 2026, Life Time Group Holdings generated $262M of operating cash flow and spent $289M on capital projects, leaving free cash flow of −$26.6M. That is $55.3M less than in Q3 2025 ($28.6M).

Over the twelve months to Sep 30, 2026, operating cash flow was $910M; the largest uses were capital spending ($1.1B), other financing ($110M), net borrowing (+) / repaid (−) ($1.7M); besides operations, cash came from asset & business sales ($317M), shares issued ($67.9M); the cash balance rose by $72.8M.

Operating cash flow was $262M against net income of $106M — 2.5× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$85.0M, deferred taxes +$33.9M, stock-based pay +$15.8M.

Its cash conversion cycle was -4 days (receivables 3 + inventory 13 − payables 19): suppliers fund its working capital.

Free cash flow

Life Time Group Holdings: free cash flow by quarterLife Time Group Holdings: free cash flow by quarter$26.8MQ4 2024$41.4MQ1 2025−$26.3MQ2 2025$28.6MQ3 2025−$64.6MQ4 2025−$61.2MQ1 2026−$53.7MQ2 2026−$26.6MQ3 2026
Operating cash flow less capital spending.
Life Time Group Holdings: operating cash flow against capital spendingLife Time Group Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$163M$136MQ4 2024$184M$142MQ1 2025$196M$222MQ2 2025$251M$222MQ3 2025$240M$305MQ4 2025$199M$260MQ1 2026$210M$263MQ2 2026$262M$289MQ3 2026
Latest (Q3 2026): Operating cash flow $262M, Capital spending $289M.

Capital allocation, year by year

Life Time Group Holdings: where the cash came from (up) and went (down), by fiscal yearLife Time Group Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsFY2021: Operating cash flow −$20.0MFY2021: Net borrowing −$95.5MFY2021: Shares issued $702MFY2021: Capital spending −$329M$702MFY2021FY2022: Operating cash flow $201MFY2022: Net borrowing $18.6MFY2022: Shares issued $3.8MFY2022: Capital spending −$591M$223MFY2022FY2023: Operating cash flow $463MFY2023: Net borrowing $69.0MFY2023: Shares issued $15.8MFY2023: Asset sales $122MFY2023: Capital spending −$698MFY2023: Acquisitions −$600K$670MFY2023FY2024: Operating cash flow $575MFY2024: Net borrowing −$80.9MFY2024: Shares issued $150MFY2024: Asset sales $207MFY2024: Capital spending −$525M$932MFY2024FY2025: Operating cash flow $871MFY2025: Net borrowing −$12.0MFY2025: Shares issued $42.5MFY2025: Asset sales $227MFY2025: Capital spending −$891M$1.1BFY2025
Over these 5 years operating cash flow totalled $2.1B; the largest uses were capital spending ($3.0B) and net borrowing ($188M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$286M
Debt$1.5B
Net debt$1.2B
Due within a year$21.8M

Life Time Group Holdings's operations bring cash in ($910M over twelve months), and it spends more than that on capital projects: a gap of $206M funded from its $286M of cash and investments and from borrowing ($1.5B of debt, $21.8M due within a year). That is a choice to invest, not a cash runway running down.

Life Time Group Holdings: debt maturities by year (FY2025)Life Time Group Holdings: debt maturities by year (FY2025)$21.8MYear 1$27.8MYear 2$10.1MYear 3$10.1MYear 4$10.2MYear 5$1.4BAfter year 5
Principal due in each year as disclosed in the annual report, against $286M of cash and investments now.

Where the cash came from and went

Life Time Group Holdings: sources (+) and uses (−) of cash, Q3 2026Life Time Group Holdings: sources (+) and uses (−) of cash, Q3 2026Capital spending−$289MOperating cash flow$262MAsset & business sales$62.3MCash drawn (+) / kept (−)−$56.0MShares issued$20.9MOther financing−$4.1MOther investing$3.9MNet borrowing (+) / repaid (−)−$435KExchange rates$79KTaxes on employees’ shares−$40K
Life Time Group Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026Life Time Group Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026Capital spending−$1.1BOperating cash flow$910MAsset & business sales$317MOther financing−$110MCash drawn (+) / kept (−)−$72.8MShares issued$67.9MOther investing$6.0MNet borrowing (+) / repaid (−)−$1.7MExchange rates−$188K

From profit to cash

Life Time Group Holdings: net income to operating cash flow, Q3 2026Life Time Group Holdings: net income to operating cash flow, Q3 2026Net income$106MDepreciation & amortization$85.0MStock-based pay$15.8MDeferred taxes$33.9MGains on disposals−$2.9MReceivables$466KInventory$4.2MPayables$8.8MAccrued liabilities−$990KDeferred revenue$2.6MPrepaid and other assets$5.0MOther liabilities$134KOperating cash flow$262M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202631319-4
Q2 202631319-3
Q1 202631520-2
Q4 202531722-2
Q3 202531520-2
Q2 202531420-2
Q1 202531521-3
Q4 202441621-2

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$262M−$289M—−$435K$20.9M−$56.0M−$26.6M
Q2 2026$210M−$263M−$62.7M−$431K$34.8M−$108M−$53.7M
Q1 2026$199M−$260M−$10.7M−$417K$7.3M$82.0M−$61.2M
Q4 2025$240M−$305M—−$402K$4.9M$9.3M−$64.6M
Q3 2025$251M−$222M—−$383K$3.8M−$45.2M$28.6M
Q2 2025$196M−$222M—−$379K$6.0M−$119M−$26.3M
Q1 2025$184M−$142M—−$10.8M$27.9M−$49.6M$41.4M
Q4 2024$163M−$136M—−$200M$6.0M$109M$26.8M

Life Time Group Holdings: income statement and cash flow

Life Time Group Holdings, Q3 2026: revenue $894M (+14% year over year), operating margin 17.7%. The chart follows the revenue to costs, profit and cash.

Life Time Group Holdings: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.