Filing Flows › Planet Fitness (PLNT) › Q4 2025
Planet Fitness (PLNT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Planet Fitness (PLNT) reported revenue of $376M for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and +14% from the quarter before. Operating margin was 28.2%, net earnings $60.4M (16.0% of revenue).
Planet Fitness, Q4 2025: revenue $376M (+10% year over year), operating margin 28.2%, net earnings $60.4M, operating cash flow $109M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $376M | +14% | +11% |
| Operating profit | $106M | -1% | +18% |
| Net earnings | $60.4M | +3% | +28% |
| Operating cash flow | $109M | -17% | +122% |
| Free cash flow | $59.0M | -23% | +738% |
What changed
Revenue was $376.3M in Q4 2025, up 11% year over year and up 14% from the previous quarter. Corporate-owned clubs was the largest line at 36% of revenue.
Operating profit was $106.0M, a 28.2% margin (up 1.8 points year over year). Of the extra revenue versus a year earlier, 45% reached operating profit, above the 26% margin then. Total costs grew 8% against revenue growth of 11%. The fastest-growing cost line was Cost of revenue (+12%). Net earnings were $60.4M, up 28% year over year. The effective tax rate was 21.6%.
Operating cash flow was $109.1M (up 122% year over year), 180% of net earnings. Non-cash charges added back $40.0M of depreciation and amortization and $3.2M of share-based compensation. Capital expenditures of $50.1M left free cash flow of $59.0M.
Questions
What was Planet Fitness' revenue in the fourth quarter 2025?
Planet Fitness (PLNT) reported revenue of $376M for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and +14% from the quarter before.
Was Planet Fitness profitable in the fourth quarter 2025?
Operating profit was $106M (28.2% of revenue) and net earnings $60.4M.
Source: Planet Fitness 10-K on SEC EDGAR.