Short answer
Life Time Group Holdings, Inc. (LTH) filed its fiscal 2025 10-K annual report with the SEC on Feb 24, 2026. It reported revenue of $3.0B (+14.3% year over year) and net income of $374M.
- Top risk flagged: Regulatory risk: Expiration of several qualified membership programs in 2026 without renewal affecting revenue optimization
FY2025 key financial metrics · XBRL
- Revenue
- $3.0B
- +14.3% YoY
- Net income
- $374M
- +139.2% YoY
- Operating margin
- 16.1%
- +2.4 pp YoY
- EPS (diluted)
- $1.66
- +124.3% YoY
- ROE
- 12.0%
- +6.0 pp YoY
- Operating cash flow
- $871M
- +51.4% YoY
Source: XBRL data from the Life Time Group Holdings, Inc. (LTH) FY2025 10-K on SEC EDGAR. USD.
Life Time Group Holdings, Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Premium lifestyle and leisure brand operating health, fitness, and wellness centers with an omni-channel ecosystem
- New emphasis: Integration of generative artificial intelligence via L•AI•C, an AI-driven personal companion offering personalized health content
- Strategic shift: Increased focus on technology adoption and AI to enhance member experiences and digital services amid rapid tech changes
- Quantitative metric: Total consolidated indebtedness approximately $1,525 million as of December 31, 2025
- Noteworthy fact: Rising risks from cybersecurity threats and evolving AI regulations impacting data security and operational integrity
Management Discussion & Analysis
- Revenue $2,909M in 2025, up 14.2% YoY from $2,547M in 2024 and 35.1% from $2,154M in 2023
- Net income margin 12.5% in 2025 vs 6.0% in 2024 and 3.4% in 2023; Adjusted EBITDA margin 27.5% vs 25.8% and 24.2%
- Best performing segment: Center revenue $2,909M, 100% of revenue; worst: Other revenue not separately quantified
- Operating cash flow $871M in 2025 up from $575M in 2024; free cash flow $206M down from $274M in 2024; capex net of reimbursements implied but not quantified; 10 new centers opened in 2025
- Guidance: Target 12-14 new centers annually starting 2026; expanding asset-light model; risk from macroeconomic uncertainty, inflation, tariffs, but business resilient historically
Risk Factors
- Regulatory risk: Expiration of several qualified membership programs in 2026 without renewal affecting revenue optimization
- Macroeconomic threat: Inflation and higher interest rates increased borrowing costs and slowed new center construction in 2024-2025
- Operational vulnerability: Exposure to severe weather, climate change, and natural disasters risking center closures and increased operating costs
- Competitive risk: Challenges in attracting and retaining members amid shifting consumer spending, preferences, and premium pricing strategy
- Financial risk: Focus on lowering leverage and generating positive free cash flow impacted by inflation and cost increases across operations
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