Filing Flows › Planet Fitness (PLNT) › Q2 2025
Planet Fitness (PLNT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Planet Fitness (PLNT) reported revenue of $341M for the second quarter 2025 (Q2 2025), +13% from a year earlier and +23% from the quarter before. Operating margin was 30.0%, net earnings $58.0M (17.0% of revenue).
Planet Fitness, Q2 2025: revenue $341M (+13% year over year), operating margin 30.0%, net earnings $58.0M, operating cash flow $44.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $341M | +23% | +13% |
| Operating profit | $102M | +29% | +17% |
| Net earnings | $58.0M | +39% | +19% |
| Operating cash flow | $44.0M | -67% | -44% |
| Free cash flow | $8.2M | -93% | -80% |
What changed
Revenue was $340.9M in Q2 2025, up 13% year over year and up 23% from the previous quarter. Corporate-owned clubs was the largest line at 41% of revenue. Equipment added $14.5M year over year (up 21%), 36% of the total change.
Operating profit was $102.4M, a 30.0% margin (up 1.0 points year over year). Of the extra revenue versus a year earlier, 38% reached operating profit, above the 29% margin then. Total costs grew 12% against revenue growth of 13%. The fastest-growing cost line was Cost of revenue (+14%). Net earnings were $58.0M, up 19% year over year. The effective tax rate was 30.0%.
Operating cash flow was $44.0M (down 44% year over year), 75% of net earnings. Non-cash charges added back $38.4M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items used $56.3M. Capital expenditures of $35.7M left free cash flow of $8.2M.
Questions
What was Planet Fitness' revenue in the second quarter 2025?
Planet Fitness (PLNT) reported revenue of $341M for the second quarter 2025 (Q2 2025), +13% from a year earlier and +23% from the quarter before.
Was Planet Fitness profitable in the second quarter 2025?
Operating profit was $102M (30.0% of revenue) and net earnings $58.0M.
Source: Planet Fitness 10-Q on SEC EDGAR.