Filing Flows › Planet Fitness (PLNT) › Q1 2025
Planet Fitness (PLNT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Planet Fitness (PLNT) reported revenue of $277M for the first quarter 2025 (Q1 2025), +12% from a year earlier and -19% from the quarter before. Operating margin was 28.6%, net earnings $41.9M (15.1% of revenue).
Planet Fitness, Q1 2025: revenue $277M (+12% year over year), operating margin 28.6%, net earnings $41.9M, operating cash flow $134M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $277M | -19% | +12% |
| Operating profit | $79.2M | -12% | +20% |
| Net earnings | $41.9M | -11% | +22% |
| Operating cash flow | $134M | +173% | +49% |
| Free cash flow | $111M | 16× | +75% |
What changed
Revenue was $276.7M in Q1 2025, up 12% year over year and down 19% from the previous quarter. Corporate-owned clubs was the largest line at 48% of revenue. Corporate-owned clubs added $11.3M year over year (up 9%), 39% of the total change.
Operating profit was $79.2M, a 28.6% margin (up 2.1 points year over year). Of the extra revenue versus a year earlier, 47% reached operating profit, above the 27% margin then. Total costs grew 8% against revenue growth of 12%. The fastest-growing cost line was Cost of revenue (+18%). Net earnings were $41.9M, up 22% year over year. The effective tax rate was 27.8%.
Operating cash flow was $133.9M (up 49% year over year), 318% of net earnings. Non-cash charges added back $38.3M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $50.9M. Capital expenditures of $23.1M left free cash flow of $110.9M.
Questions
What was Planet Fitness' revenue in the first quarter 2025?
Planet Fitness (PLNT) reported revenue of $277M for the first quarter 2025 (Q1 2025), +12% from a year earlier and -19% from the quarter before.
Was Planet Fitness profitable in the first quarter 2025?
Operating profit was $79.2M (28.6% of revenue) and net earnings $41.9M.
Source: Planet Fitness 10-Q on SEC EDGAR.