Planet Fitness

Planet Fitness helps people get healthy in a welcoming space. The clubs offer simple gym equipment for a low monthly fee. It makes exercise easy for beginners and regular gym-goers.

What Your Membership Includes

• Corporate-owned Clubs: Operation of 292 fitness centers in the United States, Canada, and Spain; accounts for 41.7% of revenue.
• Franchise Segment: Licensing the brand and providing marketing services to 2,617 independent gym owners; accounts for 39.9% of revenue.
• Equipment Sales: Selling gym machinery and cardio tools to club owners in North America; accounts for 18.4% of revenue.

Expanding the Judgement Free Zone

• Purchased two fitness clubs in Spain through a local operating entity in December 2025.
• Issued a $10 million promissory note to a franchisee in November 2024 to support club operations.
• Provided $20 million in loans to a franchisee and its affiliates in January 2026.
• Finished a $350 million share repurchase agreement with Citibank in early 2026.

Why the Company Stands Out

The company manages a network of 2,909 clubs across eight countries and all 50 U.S. states. Its business model relies on low-cost memberships to attract a high volume of users who are new to fitness.

A Look at the Numbers

• Total revenue reached $337.2 million in Q1 2026, up 21.9% from Q1 2025.
• Net income rose to $51.6 million in Q1 2026, a 23.1% increase year-over-year.
• Operating income hit $99.2 million in Q1 2026, up 25.2% from $79.2 million in the previous year.
• Free cash flow grew to $122 million in Q1 2026, up 11.5% from Q1 2025.

Evolution of the Business

Planet Fitness has transformed from a single gym into a global franchisor serving approximately 21.5 million members. Its focus on accessibility and equipment sales continues to drive its growth in the leisure sector.