Life Time Group Holdings, Inc.
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsLife Time Group Holdings is a premium health, fitness and wellness club operator with 195 athletic country clubs across 32 U.S. states and one Canadian province and more than 910,000 memberships as of June 30, 2026.
What they do
Life Time operates resort-like athletic country clubs offering expansive fitness floors, group fitness studios, recovery spaces, indoor and outdoor pools and bistros, tennis and pickleball courts, basketball courts, LifeSpa, LifeCafe and Kids Academy childcare. The company serves more than 1.6 million individual members through month-to-month memberships with no long-term contracts, delivered by over 44,000 team members including more than 11,100 certified fitness professionals. Its portfolio totals nearly 19 million indoor square feet and over seven million outdoor square feet.
Revenue drivers
- Membership dues and enrollment fees — The largest source of revenue, representing over 70% of total Center revenue, from base, signature, qualified and on-hold memberships.
- In-center revenue — Spending at LifeSpa, LifeCafe, personal training including Dynamic Personal Training, and other in-center offerings, which grew on higher member utilization in Q2 2026.
- New and ramping centers — Membership growth in recently opened clubs contributed to revenue growth alongside average dues increases from improved membership mix.
Recent performance
Q2 2026 total revenue was $866.0 million, up 13.7% from $761.5 million in the prior-year quarter. Net income rose 40.6% to $101.4 million and diluted EPS was $0.45, up 40.6%. Adjusted EBITDA increased 16.8% to $246.5 million. Comparable center revenue grew 9.1%, center memberships rose 1.2% year-over-year to 860,041, and average center revenue per center membership increased 11.8% to $993.
Strategy
Life Time is focused on delivering premium member experiences that drive higher engagement and utilization of in-center offerings. It is optimizing membership mix by limiting qualified memberships administered through medical insurance providers, which carry significantly lower average dues, and converting those members to other memberships. The company is on track to open 14 new clubs in 2026 and continues to pursue center takeovers and sale-leaseback transactions. It invests in team members, programs, products and centers to elevate member experiences.
Risks
- Member attraction and retention — All members can cancel at any time with advance notice, so the company must continually engage existing members and attract new ones.
- Qualified membership program expirations — Several qualified membership programs expire in 2026 if not renewed, and limiting these lower-dues programs could affect membership counts and revenue.
- Investment impact on near-term results — Elevating member experiences requires investment in team members, programs, products, services and centers that may pressure short-term results of operations and cash flows.
- Consumer discretionary spending and competition — Changing consumer confidence, discretionary spending and behaviors, plus direct and indirect competition in trade areas, could adversely affect the business.
Outlook
Management raised its 2026 outlook after Q2 2026 results. CEO Bahram Akradi said the company is on track to open 14 new clubs in 2026 and continues to see significant demand for its premium athletic country club model. The company expects continued strong comparable center revenue performance and growth in revenue per membership.