Life Time Group Holdings, Inc. (LTH) FY2025 10-K Annual Report
Life Time Group Holdings, Inc. (LTH) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 24, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Life Time Group Holdings, Inc. FY2025 10-K Analysis
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
Life Time Group Holdings, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$3.0B
▲ +14.3% YoY
Net Income
$374M
▲ +139.2% YoY
Operating Margin
16.1%
▲ +243bp YoY
Net Margin
12.5%
▲ +651bp YoY
ROE
12.0%
▲ +597bp YoY
Total Assets
$8.0B
▲ +12.0% YoY
EPS (Diluted)
$1.66
▲ +124.3% YoY
Operating Cash Flow
$871M
▲ +51.4% YoY
Source: XBRL data from Life Time Group Holdings, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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