Filing Flows › Planet Fitness (PLNT) › Q1 2026
Planet Fitness (PLNT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Planet Fitness (PLNT) reported revenue of $337M for the first quarter 2026 (Q1 2026), +22% from a year earlier and -10% from the quarter before. Operating margin was 29.3%, net earnings $51.8M (15.4% of revenue).
Planet Fitness, Q1 2026: revenue $337M (+22% year over year), operating margin 29.3%, net earnings $51.8M, operating cash flow $148M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $337M | -10% | +22% |
| Operating profit | $98.7M | -7% | +25% |
| Net earnings | $51.8M | -15% | +23% |
| Operating cash flow | $148M | +35% | +10% |
| Free cash flow | $122M | +107% | +10% |
What changed
Revenue was $337.2M in Q1 2026, up 22% year over year and down 10% from the previous quarter. Corporate-owned clubs was the largest line at 42% of revenue. Equipment added $34.3M year over year (up 123%), 57% of the total change.
Operating profit was $98.7M, a 29.3% margin (up 0.6 points year over year). Of the extra revenue versus Q1 2025, 32% reached operating profit, above the 29% margin then. Total costs grew 21% against revenue growth of 22%. The fastest-growing cost line was Cost of revenue (+102%). Net earnings were $51.6M, up 23% year over year. The effective tax rate was 27.2%.
Operating cash flow was $147.5M (up 10% year over year), 285% of net earnings. Non-cash charges added back $40.3M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items added $52.5M. Capital expenditures of $25.5M left free cash flow of $122.0M.
Questions
What was Planet Fitness' revenue in the first quarter 2026?
Planet Fitness (PLNT) reported revenue of $337M for the first quarter 2026 (Q1 2026), +22% from a year earlier and -10% from the quarter before.
Was Planet Fitness profitable in the first quarter 2026?
Operating profit was $98.7M (29.3% of revenue) and net earnings $51.8M.
Source: Planet Fitness 10-Q on SEC EDGAR.