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Beachbody (BODI) Financials

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$11.05 +0.15 (+1.39%)
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Annual Income Statements for Beachbody

Annual Income Statements for Beachbody

This table shows Beachbody's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 32 -21 -228 -194 -153 -72
Consolidated Net Income / (Loss)		 32 -21 -228 -194 -153 -72
Net Income / (Loss) Continuing Operations		 32 -21 -228 -194 -153 -72
Total Pre-Tax Income 		19 -6.16 -244 -197 -153 -71
Total Operating Income		 19 -6.30 -297 -203 -141 -66
Total Gross Profit		 545 614 545 370 323 287
Total Revenue		 756 864 874 692 527 419
Operating Revenue		 756 864 874 692 527 419
Total Cost of Revenue		 210 250 329 323 204 131
Operating Cost of Revenue		 210 250 329 323 204 131
Total Operating Expenses		 527 620 842 573 464 354
Selling, General & Admin Expense		 57 65 80 78 58 49
Marketing Expense		 384 464 548 360 282 200
Research & Development Expense		 84 93 120 104 74 76
Impairment Charge		 0.00 0.00 95 20 43 20
Restructuring Charge		 1.17 -1.68 -0.32 10 6.50 7.85
Total Other Income / (Expense), net		 0.02 0.14 53 5.91 -12 -5.20
Interest Expense		 0.79 0.53 0.54 3.37 12 9.26
Other Income / (Expense), net		 0.81 0.67 54 9.28 0.43 4.07
Income Tax Expense		 -13 15 -16 -3.05 0.04 0.24
Basic Earnings per Share		 $0.14 ($0.09) ($0.83) ($31.58) ($24.47) ($10.51)
Weighted Average Basic Shares Outstanding		 236.26M 239.54M 275.36M 6.15M 6.24M 6.82M
Diluted Earnings per Share		 $0.12 ($0.09) ($0.83) ($31.58) ($24.47) ($10.51)
Weighted Average Diluted Shares Outstanding		 276.09M 239.54M 275.36M 6.15M 6.24M 6.82M
Weighted Average Basic & Diluted Shares Outstanding		 - - 310.25M 312.16M 6.83M 6.99M

Quarterly Income Statements for Beachbody

This table shows Beachbody's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -33 -65 -14 -11 -12 -35 -5.75 -5.90 3.52 2.32
Consolidated Net Income / (Loss)		 -33 -65 -14 -11 -12 -35 -5.75 -5.90 3.57 2.29
Net Income / (Loss) Continuing Operations		 -33 -65 -14 -11 -12 -35 -5.70 -5.90 3.52 2.32
Total Pre-Tax Income 		-33 -65 -14 -11 -12 -35 -5.70 -5.80 3.52 2.32
Total Operating Income		 -29 -60 -11 -9.48 -13 -33 -3.67 -3.96 4.99 3.11
Total Gross Profit		 75 74 81 76 69 61 52 46 45 39
Total Revenue		 128 119 120 110 102 86 72 64 60 54
Operating Revenue		 128 119 120 110 102 86 72 64 60 54
Total Cost of Revenue		 53 45 39 34 33 25 21 18 15 15
Operating Cost of Revenue		 53 45 39 34 33 25 21 18 15 15
Total Operating Expenses		 104 134 92 86 82 94 55 50 40 36
Selling, General & Admin Expense		 15 14 13 12 12 12 12 12 10 7.72
Marketing Expense		 69 60 59 56 46 39 31 26 19 19
Research & Development Expense		 19 18 18 17 19 22 13 11 10 9.41
Total Other Income / (Expense), net		 -3.60 -4.73 -3.33 -1.32 1.12 -1.67 -2.03 -1.84 -1.47 -0.80
Interest Expense		 5.24 2.10 3.08 2.37 1.65 2.16 1.57 3.43 1.06 1.01
Other Income / (Expense), net		 1.64 -2.63 -0.25 1.06 2.77 0.49 -0.46 1.60 -0.41 0.22
Income Tax Expense		 0.06 -0.03 0.06 0.07 0.12 -0.01 0.00 0.10 0.00 0.00
Basic Earnings per Share		 ($5.29) ($10.42) ($2.10) ($1.59) ($1.75) ($5.07) ($0.84) ($0.85) $0.51 $0.32
Weighted Average Basic Shares Outstanding		 6.18M 6.24M 6.76M 6.81M 6.84M 6.82M 6.88M 6.95M 7.00M 7.11M
Diluted Earnings per Share		 ($5.29) ($10.42) ($2.10) ($1.59) ($1.75) ($5.07) ($0.84) ($0.85) $0.51 $0.30
Weighted Average Diluted Shares Outstanding		 6.18M 6.24M 6.76M 6.81M 6.84M 6.82M 6.88M 6.95M 7.05M 7.57M
Weighted Average Basic & Diluted Shares Outstanding		 312.73M 6.83M 6.87M 6.92M 6.92M 6.99M 7.01M 7.07M 7.09M 7.24M

Annual Cash Flow Statements for Beachbody

This table details how cash moves in and out of Beachbody's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -20 15 50 -27 -47 -13
Net Cash From Operating Activities		 42 61 -215 -47 -23 2.56
Net Cash From Continuing Operating Activities		 41 61 -202 -47 -23 2.56
Net Income / (Loss) Continuing Operations		 32 -21 -228 -194 -153 -72
Consolidated Net Income / (Loss)		 32 -21 -228 -194 -153 -72
Depreciation Expense		 45 44 60 75 40 31
Amortization Expense		 8.50 7.49 15 25 26 18
Non-Cash Adjustments To Reconcile Net Income		 -4.53 -7.50 51 51 75 36
Changes in Operating Assets and Liabilities, net		 -40 39 -99 -3.94 -10 -12
Net Cash From Investing Activities		 -30 -47 -125 -26 -11 1.06
Net Cash From Continuing Investing Activities		 -30 -47 -125 -26 -11 1.06
Purchase of Property, Plant & Equipment		 -24 -38 -78 -26 -6.58 -4.54
Purchase of Investments		 0.00 0.00 -5.00 0.00 -4.25 0.00
Sale of Property, Plant & Equipment		 - - - - 0.00 5.60
Net Cash From Financing Activities		 -32 0.17 391 48 -14 -16
Net Cash From Continuing Financing Activities		 -32 0.17 391 48 -14 -16
Repayment of Debt		 -25 -32 -42 -5.11 -17 -16
Issuance of Debt		 0.00 32 42 50 0.00 0.00
Issuance of Common Equity		 - - - 0.00 5.46 0.27
Other Financing Activities, net		 0.00 0.41 391 2.67 -2.18 -0.26
Effect of Exchange Rate Changes		 0.41 0.35 0.02 -0.86 0.40 -0.97
Cash Interest Paid		 0.63 0.21 0.47 2.08 5.39 3.56
Cash Income Taxes Paid		 1.05 0.33 0.39 0.39 0.01 0.23

Quarterly Cash Flow Statements for Beachbody

This table details how cash moves in and out of Beachbody's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Net Change in Cash & Equivalents		 -20 -4.78 5.52 -6.16 -0.25 -12 -2.06 6.92 8.91 -2.33
Net Cash From Operating Activities		 -0.22 -7.95 9.13 -0.93 1.08 -6.73 2.34 4.24 10 -1.04
Net Cash From Continuing Operating Activities		 -0.22 -7.95 9.13 -0.93 1.08 -6.73 2.34 4.24 10 -1.04
Net Income / (Loss) Continuing Operations		 -33 -65 -14 -11 -12 -35 -5.75 -5.90 3.57 2.29
Consolidated Net Income / (Loss)		 -33 -65 -14 -11 -12 -35 -5.75 -5.90 3.57 2.29
Depreciation Expense		 9.76 8.18 5.38 5.41 7.97 13 2.89 2.02 1.88 2.23
Amortization Expense		 5.78 7.88 5.13 4.68 4.47 3.88 3.46 2.68 2.09 1.55
Non-Cash Adjustments To Reconcile Net Income		 9.66 53 3.78 3.56 3.22 26 2.29 2.76 2.10 1.10
Changes in Operating Assets and Liabilities, net		 7.26 -12 9.06 -3.71 -2.57 -14 -0.54 2.67 0.56 -8.20
Net Cash From Investing Activities		 -4.72 -1.08 3.90 -1.25 -1.03 -0.57 -0.69 -1.82 -1.19 -0.68
Net Cash From Continuing Investing Activities		 -4.72 -1.08 3.90 -1.25 -1.03 -0.57 -0.69 -1.82 -1.19 -0.68
Purchase of Property, Plant & Equipment		 -0.47 -1.08 -1.70 -1.25 -1.03 -0.57 -0.69 -1.82 -1.19 -0.68
Net Cash From Financing Activities		 -15 4.01 -7.22 -4.29 -0.31 -4.06 -3.73 4.51 -0.27 -0.61
Net Cash From Continuing Financing Activities		 -15 4.01 -7.22 -4.29 -0.31 -4.06 -3.73 4.51 -0.27 -0.61
Repayment of Debt		 -15 -1.06 -7.01 -4.43 -0.31 -4.12 -3.63 -21 -0.24 -0.25
Other Financing Activities, net		 -0.01 -0.01 -0.21 -0.02 0.01 -0.05 -0.10 -0.06 -0.04 -0.36
Cash Interest Paid		 1.22 1.21 1.11 0.83 0.82 0.80 0.65 0.26 0.86 0.83
Cash Income Taxes Paid		 0.04 0.02 0.03 0.16 0.04 0.01 - -0.20 0.02 0.02

Annual Balance Sheets for Beachbody

This table presents Beachbody's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 356 638 443 277 175 147
Total Current Assets		 169 299 186 119 79 64
Cash & Equivalents		 57 104 80 33 20 39
Restricted Cash		 0.00 3.00 0.00 4.25 4.25 4.25
Inventories, net		 65 133 54 25 16 9.41
Prepaid Expenses		 8.65 16 13 11 9.03 6.82
Other Current Assets		 38 44 39 46 29 4.34
Plant, Property, & Equipment, net		 80 113 74 45 13 8.52
Total Noncurrent Assets		 107 225 183 113 83 75
Goodwill		 40 172 133 85 65 65
Other Noncurrent Operating Assets		 67 54 49 27 18 9.51
Total Liabilities & Shareholders' Equity		 356 638 443 277 175 147
Total Liabilities		 257 252 232 194 146 116
Total Current Liabilities		 220 236 185 165 128 87
Short-Term Debt		 - - 1.25 8.07 9.50 1.06
Accounts Payable		 29 48 18 11 9.53 5.30
Accrued Expenses		 80 75 64 42 25 18
Current Deferred Revenue		 98 107 96 97 77 57
Other Current Liabilities		 13 6.23 5.43 7.16 6.35 4.96
Total Noncurrent Liabilities		 37 16 47 29 19 29
Long-Term Debt		 - - 40 21 9.67 23
Capital Lease Obligations		 - - 3.32 1.43 1.97 0.74
Other Noncurrent Operating Liabilities		 33 13 3.98 5.95 7.11 5.82
Total Equity & Noncontrolling Interests		 99 385 212 83 28 31
Total Preferred & Common Equity		 99 385 212 83 28 31
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 99 385 212 83 28 31
Common Stock		 96 610 631 655 672 678
Retained Earnings		 3.34 -225 -419 -572 -644 -646
Accumulated Other Comprehensive Income / (Loss)		 -0.20 -0.02 0.04 -0.02 -0.05 -0.05

Quarterly Balance Sheets for Beachbody

This table presents Beachbody's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 347 263 245 225 153 146 146 143
Total Current Assets		 131 116 103 95 62 57 60 62
Cash & Equivalents		 38 39 32 32 18 26 34 37
Restricted Cash		 4.25 4.25 4.25 4.25 4.25 4.25 4.25 4.25
Inventories, net		 32 21 24 18 13 11 11 10
Prepaid Expenses		 8.75 10 7.54 5.88 7.17 4.69 4.32 6.95
Other Current Assets		 48 42 36 35 19 11 6.71 3.65
Plant, Property, & Equipment, net		 50 37 32 25 11 11 9.79 7.07
Total Noncurrent Assets		 166 110 110 105 80 78 76 74
Goodwill		 125 85 85 85 65 65 65 65
Other Noncurrent Operating Assets		 37 25 24 20 15 13 11 9.32
Total Liabilities & Shareholders' Equity		 347 263 245 225 153 146 146 143
Total Liabilities		 206 190 178 167 129 126 122 109
Total Current Liabilities		 173 163 147 149 119 96 93 81
Short-Term Debt		 1.25 5.88 2.19 12 16 0.00 0.53 1.59
Accounts Payable		 16 8.43 13 7.11 8.17 4.97 4.28 6.31
Accrued Expenses		 46 41 36 38 20 21 23 14
Current Deferred Revenue		 102 102 92 89 70 67 62 55
Other Current Liabilities		 7.40 5.78 3.46 3.09 4.85 3.92 2.66 3.54
Total Noncurrent Liabilities		 33 28 32 18 9.66 30 29 28
Long-Term Debt		 28 19 19 10 0.00 23 23 22
Capital Lease Obligations		 1.70 2.25 2.05 1.85 1.68 1.37 0.97 0.60
Other Noncurrent Operating Liabilities		 3.99 6.67 10 6.61 7.99 4.93 4.75 5.38
Total Equity & Noncontrolling Interests		 141 73 67 58 24 20 25 34
Total Preferred & Common Equity		 141 73 67 58 24 20 25 34
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 141 73 67 58 24 20 25 34
Common Stock		 648 659 664 667 673 675 676 679
Retained Earnings		 -507 -586 -597 -609 -649 -655 -652 -644
Accumulated Other Comprehensive Income / (Loss)		 -0.20 0.02 0.01 0.03 -0.06 -0.06 -0.07 -0.06

Annual Metrics And Ratios for Beachbody

This table displays calculated financial ratios and metrics derived from Beachbody's official financial filings.

Metric 2019 2020 2021 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
DEI Shares Outstanding		 0.00 0.00 309,468,483.00 312,162,129.00 312,730,124.00 6,923,599.00
DEI Adjusted Shares Outstanding		 0.00 0.00 309,468,483.00 312,162,129.00 312,730,124.00 6,923,599.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 -0.74 -0.62 -0.49 -10.35
Growth Metrics		 - - - - - -
Revenue Growth		 0.00% 14.26% 1.17% -20.77% -23.85% -20.55%
EBITDA Growth		 0.00% -36.71% -466.44% 44.35% 19.87% 83.35%
EBIT Growth		 0.00% -128.62% -4,218.40% 20.34% 27.50% 55.79%
NOPAT Growth		 0.00% -113.68% -4,617.84% 31.67% 30.60% 53.04%
Net Income Growth		 0.00% -166.36% -965.61% 14.97% 21.40% 53.07%
EPS Growth		 0.00% -175.00% -822.22% -3,704.82% 22.51% 57.05%
Operating Cash Flow Growth		 0.00% 46.20% -450.40% 78.08% 52.22% 111.37%
Free Cash Flow Firm Growth		 0.00% 0.00% -847.91% 91.07% 102.47% 397.79%
Invested Capital Growth		 0.00% 0.00% 555.96% -36.85% -56.71% -67.31%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% -8.96% -5.24% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 52.20% -48.93% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 35.01% -15.39% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 36.28% -9.50% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 34.22% -15.17% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -3,189.58% -5,590.70% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -43.34% 58.23% 9.17% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 104.78% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% -11.68% -41.17% 0.00%
Profitability Metrics		 - - - - - -
Gross Margin		 72.17% 71.08% 62.38% 53.39% 61.29% 68.61%
EBITDA Margin		 9.64% 5.34% -19.34% -13.58% -14.29% -3.00%
Operating Margin		 2.50% -0.73% -34.03% -29.35% -26.75% -15.81%
EBIT Margin		 2.61% -0.65% -27.86% -28.01% -26.67% -14.84%
Profit (Net Income) Margin		 4.27% -2.48% -26.14% -28.05% -28.96% -17.11%
Tax Burden Percent		 170.83% 347.75% 93.63% 98.45% 100.02% 100.33%
Interest Burden Percent		 95.99% 109.35% 100.22% 101.74% 108.57% 114.90%
Effective Tax Rate		 -70.83% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% -20.79% -129.77% -62.64% -78.38% -91.81%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 39.11% -105.04% 10.15% 175.72% 415.59%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -22.39% 35.52% -2.43% -25.35% -37.36%
Return on Equity (ROE)		 0.00% -43.18% -94.25% -65.06% -103.73% -129.17%
Cash Return on Invested Capital (CROIC)		 0.00% -220.79% -276.85% -17.46% 0.78% 9.64%
Operating Return on Assets (OROA)		 0.00% -1.58% -48.98% -35.87% -39.03% -27.53%
Return on Assets (ROA)		 0.00% -6.02% -45.96% -35.93% -42.39% -31.74%
Return on Common Equity (ROCE)		 0.00% -43.18% -94.25% -65.06% -103.73% -129.17%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -21.59% -59.26% -91.80% -184.44% -254.32%
Net Operating Profit after Tax (NOPAT)		 32 -4.41 -208 -142 -99 -46
NOPAT Margin		 4.27% -0.51% -23.82% -20.54% -18.72% -11.07%
Net Nonoperating Expense Percent (NNEP)		 0.00% -59.90% -24.72% -72.78% -254.10% -507.40%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - -86.77% -93.99%
Cost of Revenue to Revenue		 27.83% 28.92% 37.62% 46.61% 38.71% 31.39%
SG&A Expenses to Revenue		 7.53% 7.51% 9.12% 11.33% 10.99% 11.75%
R&D to Revenue		 11.13% 10.77% 13.73% 15.08% 14.12% 18.24%
Operating Expenses to Revenue		 69.67% 71.81% 96.41% 82.74% 88.04% 84.42%
Earnings before Interest and Taxes (EBIT)		 20 -5.64 -243 -194 -141 -62
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 73 46 -169 -94 -75 -13
Valuation Ratios		 - - - - - -
Price to Book Value (P/BV)		 0.00 2.63 1.90 1.23 3.15 9.27
Price to Tangible Book Value (P/TBV)		 0.00 4.41 3.43 3.34 0.00 0.00
Price to Revenue (P/Rev)		 0.35 0.30 0.84 0.38 0.50 0.62
Price to Earnings (P/E)		 8.08 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 12.37% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 4.81 2.25 1.28 3.34 10.36
Enterprise Value to Revenue (EV/Rev)		 0.00 0.24 0.72 0.33 0.48 0.62
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 4.43 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 3.32 0.00 0.00 0.00 100.59
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 260.21 52.97
Leverage & Solvency		 - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.21 0.37 0.75
Long-Term Debt to Equity		 0.00 0.00 0.00 0.20 0.28 0.41
Financial Leverage		 0.00 -0.57 -0.34 -0.24 -0.14 -0.09
Leverage Ratio		 0.00 3.59 2.05 1.81 2.45 4.07
Compound Leverage Factor		 0.00 3.92 2.06 1.84 2.66 4.68
Debt to Total Capital		 0.00% 0.00% 0.00% 17.32% 27.24% 42.87%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.49% 7.09% 19.27%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 16.83% 20.15% 23.61%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 100.00% 100.00% 82.68% 72.76% 57.13%
Debt to EBITDA		 0.00 0.00 0.00 -0.47 -0.41 -1.69
Net Debt to EBITDA		 0.00 0.00 0.00 0.38 0.09 0.26
Long-Term Debt to EBITDA		 0.00 0.00 0.00 -0.46 -0.30 -0.93
Debt to NOPAT		 0.00 0.00 0.00 -0.31 -0.31 -0.46
Net Debt to NOPAT		 0.00 0.00 0.00 0.25 0.07 0.07
Long-Term Debt to NOPAT		 0.00 0.00 0.00 -0.30 -0.23 -0.25
Altman Z-Score		 0.00 2.82 1.48 -0.53 -2.06 -3.20
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - -
Current Ratio		 0.00 0.77 1.27 1.01 0.72 0.62
Quick Ratio		 0.00 0.26 0.44 0.43 0.20 0.16
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -47 -444 -40 0.98 4.87
Operating Cash Flow to CapEx		 176.47% 161.94% -276.28% -178.06% -342.72% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 -88.89 -828.40 -11.77 0.08 0.53
Operating Cash Flow to Interest Expense		 53.19 116.57 -401.58 -14.01 -1.87 0.28
Operating Cash Flow Less CapEx to Interest Expense		 23.05 44.59 -546.94 -21.87 -2.42 0.39
Efficiency Ratios		 - - - - - -
Asset Turnover		 0.00 2.42 1.76 1.28 1.46 1.86
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 3.82 3.32 3.45 5.16 6.37
Fixed Asset Turnover		 0.00 10.77 9.04 7.39 8.84 14.49
Accounts Payable Turnover		 0.00 8.62 8.50 9.73 14.27 13.02
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 95.53 109.99 105.66 70.70 57.31
Days Payable Outstanding (DPO)		 0.00 42.36 42.96 37.51 25.58 28.03
Cash Conversion Cycle (CCC)		 0.00 53.17 67.04 68.15 45.12 29.27
Capital & Investment Metrics		 - - - - - -
Invested Capital		 0.00 42 278 176 76 25
Invested Capital Turnover		 0.00 40.71 5.45 3.05 4.19 8.30
Increase / (Decrease) in Invested Capital		 0.00 42 236 -103 -100 -51
Enterprise Value (EV)		 0.00 204 626 225 254 258
Market Capitalization		 261 261 733 261 261 261
Book Value per Share		 $0.00 $0.41 $1.25 $0.68 $0.26 $4.07
Tangible Book Value per Share		 $0.00 $0.25 $0.69 $0.25 ($0.01) ($5.34)
Total Capital		 0.00 99 385 256 114 49
Total Debt		 0.00 0.00 0.00 44 31 21
Total Long-Term Debt		 0.00 0.00 0.00 43 23 12
Net Debt		 0.00 -57 -107 -36 -6.68 -3.30
Capital Expenditures (CapEx)		 24 38 78 26 6.58 -1.06
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -108 -44 -77 -76 -64
Debt-free Net Working Capital (DFNWC)		 0.00 -51 63 3.06 -38 -39
Net Working Capital (NWC)		 0.00 -51 63 1.81 -46 -49
Net Nonoperating Expense (NNE)		 -0.04 17 20 52 54 25
Net Nonoperating Obligations (NNO)		 0.00 -57 -107 -36 -6.68 -3.30
Total Depreciation and Amortization (D&A)		 53 52 74 100 65 50
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -12.47% -5.03% -11.13% -14.33% -15.26%
Debt-free Net Working Capital to Revenue		 0.00% -5.89% 7.23% 0.44% -7.18% -9.42%
Net Working Capital to Revenue		 0.00% -5.89% 7.23% 0.26% -8.71% -11.69%
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($41.50) ($0.63) ($24.47) ($10.51)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 5.51M 307.49M 6.24M 6.82M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($41.50) ($0.63) ($24.47) ($10.51)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 5.51M 307.49M 6.24M 6.82M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 6.20M 312.16M 6.83M 6.99M
Normalized Net Operating Profit after Tax (NOPAT)		 14 -5.59 -142 -121 -64 -27
Normalized NOPAT Margin		 1.86% -0.65% -16.24% -17.52% -12.14% -6.41%
Pre Tax Income Margin		 2.50% -0.71% -27.92% -28.50% -28.95% -17.05%
Debt Service Ratios		 - - - - - -
EBIT to Interest Expense		 24.93 -10.69 -454.08 -57.56 -11.67 -6.71
NOPAT to Interest Expense		 40.83 -8.37 -388.29 -42.22 -8.20 -5.00
EBIT Less CapEx to Interest Expense		 -5.21 -82.67 -599.43 -65.43 -12.22 -6.60
NOPAT Less CapEx to Interest Expense		 10.69 -80.35 -533.64 -50.09 -8.74 -4.89
Payout Ratios		 - - - - - -
Dividend Payout Ratio		 21.83% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 21.83% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Beachbody

This table displays calculated financial ratios and metrics derived from Beachbody's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
DEI Shares Outstanding		 312,685,124.00 312,730,124.00 6,830,898.00 6,871,746.00 6,916,171.00 6,923,599.00 6,987,182.00 7,005,215.00 7,067,015.00 7,088,037.00
DEI Adjusted Shares Outstanding		 312,685,124.00 312,730,124.00 6,830,898.00 6,871,746.00 6,916,171.00 6,923,599.00 6,987,182.00 7,005,215.00 7,067,015.00 7,088,037.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.10 -0.21 -2.08 -1.58 -1.74 -4.99 -0.82 -0.84 0.50 0.33
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -22.73% -19.68% -17.15% -18.35% -20.32% -27.42% -39.72% -41.97% -41.40% -24.98%
EBITDA Growth		 -15.97% -111.53% 94.36% 125.55% 118.57% 66.26% 489.24% 40.44% 289.03% 222.02%
EBIT Growth		 17.73% -42.35% 58.71% 63.97% 62.57% 48.57% 62.62% 71.94% 144.68% 180.52%
NOPAT Growth		 19.85% -25.40% 60.55% 60.78% 55.14% 45.52% 66.05% 58.19% 154.75% 221.08%
Net Income Growth		 3.52% -44.75% 51.30% 57.80% 63.26% 46.87% 59.57% 45.70% 129.73% 139.77%
EPS Growth		 -4,709.09% -42.54% 55.51% 61.22% 66.92% 51.34% 60.00% 46.54% 129.14% 135.71%
Operating Cash Flow Growth		 94.14% 22.25% 216.08% 85.76% 600.93% 15.40% -74.36% 558.16% 841.50% -144.36%
Free Cash Flow Firm Growth		 -51.34% -16.65% 52.01% 73.40% 51.57% -50.90% -67.12% -61.19% -47.28% -84.70%
Invested Capital Growth		 -35.01% -56.71% -66.34% -64.87% -64.91% -67.31% -64.95% -72.03% -75.94% -10.59%
Revenue Q/Q Growth		 -4.96% -7.20% 0.87% -8.22% -7.25% -15.48% -16.22% -11.64% -6.34% 0.00%
EBITDA Q/Q Growth		 -81.53% -297.05% 98.79% 393.47% 31.97% -54.65% 113.93% 5.89% 265.55% 0.00%
EBIT Q/Q Growth		 -16.97% -130.25% 82.43% 23.88% -21.54% -216.37% 87.23% 42.85% 293.49% 0.00%
NOPAT Q/Q Growth		 -19.96% -108.15% 82.07% 12.39% -37.21% -152.83% 88.83% -7.89% 279.69% 0.00%
Net Income Q/Q Growth		 -26.87% -99.10% 78.14% 23.57% -10.47% -187.91% 83.37% -2.64% 160.49% 0.00%
EPS Q/Q Growth		 -29.02% -96.98% 79.85% 24.29% -10.06% -189.71% 83.43% -1.19% 160.00% 0.00%
Operating Cash Flow Q/Q Growth		 96.68% -3,582.41% 214.84% -110.13% 216.97% -721.90% 134.80% 80.96% 140.37% 0.00%
Free Cash Flow Firm Q/Q Growth		 -7.45% 16.28% 80.35% -10.66% -19.10% -62.33% 20.77% 5.46% 9.89% 0.00%
Invested Capital Q/Q Growth		 -15.38% -41.17% -25.91% -4.76% -15.47% -45.19% -20.56% -24.00% -27.28% 0.00%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 58.50% 62.16% 67.71% 69.32% 67.33% 70.48% 71.24% 72.31% 74.56% 71.84%
EBITDA Margin		 -9.22% -39.44% -0.47% 1.51% 2.15% -18.34% 3.05% 3.65% 14.27% 13.09%
Operating Margin		 -22.62% -50.73% -9.02% -8.61% -12.73% -38.08% -5.08% -6.20% 8.33% 5.74%
EBIT Margin		 -21.33% -52.94% -9.22% -7.65% -10.02% -37.51% -5.72% -3.70% 7.64% 6.14%
Profit (Net Income) Margin		 -25.47% -54.65% -11.84% -9.86% -11.75% -40.01% -7.94% -9.23% 5.96% 4.21%
Tax Burden Percent		 100.19% 99.90% 100.44% 100.62% 100.97% 99.99% 100.79% 101.74% 101.39% 98.62%
Interest Burden Percent		 119.16% 103.33% 127.86% 128.14% 116.07% 106.67% 137.82% 245.20% 76.92% 69.57%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -53.64% -148.65% -28.32% -27.86% -46.05% -221.16% -34.65% -41.04% 83.57% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 -15.66% -41.35% 6.22% 2.98% -22.65% 10.17% -3.88% -6.72% 94.16% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 2.59% 5.97% -0.91% -0.35% 2.81% -0.91% 0.83% 1.41% -30.34% 0.00%
Return on Equity (ROE)		 -51.05% -142.68% -29.23% -28.21% -43.25% -222.07% -33.82% -39.63% 53.23% 0.00%
Cash Return on Invested Capital (CROIC)		 -12.46% 0.78% 21.49% 21.66% 21.01% 9.64% -12.43% 3.48% 34.04% 11.19%
Operating Return on Assets (OROA)		 -28.06% -77.48% -13.65% -11.48% -15.80% -69.61% -10.21% -6.15% 11.61% 0.00%
Return on Assets (ROA)		 -33.50% -79.99% -17.52% -14.80% -18.51% -74.24% -14.19% -15.34% 9.06% 0.00%
Return on Common Equity (ROCE)		 -51.05% -142.68% -29.23% -28.21% -43.25% -222.07% -33.82% -39.63% 53.23% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 -93.95% 0.00% -189.26% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -20 -42 -7.58 -6.64 -9.11 -23 -2.57 -2.77 4.99 3.11
NOPAT Margin		 -15.83% -35.51% -6.31% -6.02% -8.91% -26.66% -3.55% -4.34% 8.33% 5.74%
Net Nonoperating Expense Percent (NNEP)		 -37.99% -107.29% -34.54% -30.83% -23.41% -231.33% -30.77% -34.32% -10.59% -7.90%
Return On Investment Capital (ROIC_SIMPLE)		 - -37.15% -7.61% -7.35% -11.11% -46.69% -6.10% -6.19% 10.15% 5.32%
Cost of Revenue to Revenue		 41.50% 37.84% 32.29% 30.68% 32.67% 29.52% 28.76% 27.69% 25.44% 28.16%
SG&A Expenses to Revenue		 11.51% 11.40% 11.23% 11.24% 11.51% 13.38% 16.11% 18.10% 16.93% 14.22%
R&D to Revenue		 14.72% 14.94% 14.76% 15.58% 18.97% 25.60% 17.41% 16.60% 17.38% 17.33%
Operating Expenses to Revenue		 81.12% 112.88% 76.72% 77.92% 80.07% 108.56% 76.31% 78.51% 66.23% 66.11%
Earnings before Interest and Taxes (EBIT)		 -27 -63 -11 -8.43 -10 -32 -4.14 -2.37 4.58 3.33
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -12 -47 -0.57 1.66 2.20 -16 2.21 2.34 8.54 7.11
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.85 31.33 0.90 0.87 0.68 1.51 2.18 1.43 1.69 2.24
Price to Tangible Book Value (P/TBV)		 22.63 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.47 4.92 0.13 0.12 0.09 0.10 0.14 0.09 0.15 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.93 33.99 0.87 0.84 0.59 1.58 2.43 1.58 2.57 3.41
Enterprise Value to Revenue (EV/Rev)		 0.45 4.91 0.10 0.09 0.06 0.09 0.13 0.07 0.10 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 1,150.23 19.87 15.33 0.00 25.42 2.80 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 2,645.65 2.05 2.01 1.45 8.07 0.00 19.86 2.93 28.81
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.22 0.37 0.37 0.35 0.40 0.75 0.75 1.22 0.99 0.70
Long-Term Debt to Equity		 0.21 0.28 0.29 0.32 0.20 0.41 0.07 1.22 0.97 0.66
Financial Leverage		 -0.17 -0.14 -0.15 -0.12 -0.12 -0.09 -0.21 -0.21 -0.32 -0.36
Leverage Ratio		 2.15 2.45 2.59 2.72 2.87 4.07 4.29 4.50 4.48 5.06
Compound Leverage Factor		 2.56 2.53 3.31 3.48 3.33 4.34 5.92 11.03 3.44 3.52
Debt to Total Capital		 17.87% 27.24% 26.93% 26.04% 28.76% 42.87% 42.96% 55.03% 49.73% 41.29%
Short-Term Debt to Total Capital		 0.73% 7.09% 5.90% 2.42% 14.28% 19.27% 38.98% 0.00% 1.08% 2.72%
Long-Term Debt to Total Capital		 17.14% 20.15% 21.03% 23.62% 14.48% 23.61% 3.98% 55.03% 48.65% 38.56%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 82.13% 72.76% 73.07% 73.96% 71.24% 57.13% 57.04% 44.97% 50.27% 58.71%
Debt to EBITDA		 -0.61 -0.41 -0.41 -0.41 -0.54 -1.69 -1.85 -2.71 -8.88 0.00
Net Debt to EBITDA		 0.23 0.09 0.25 0.23 0.30 0.26 0.44 0.57 5.00 0.00
Long-Term Debt to EBITDA		 -0.58 -0.30 -0.32 -0.37 -0.27 -0.93 -0.17 -2.71 -8.68 0.00
Debt to NOPAT		 -0.34 -0.31 -0.31 -0.31 -0.36 -0.46 -0.44 -0.66 -0.98 0.00
Net Debt to NOPAT		 0.13 0.07 0.19 0.17 0.20 0.07 0.10 0.14 0.55 0.00
Long-Term Debt to NOPAT		 -0.33 -0.23 -0.24 -0.28 -0.18 -0.25 -0.04 -0.66 -0.96 0.00
Altman Z-Score		 -0.09 6.08 -1.35 -1.59 -2.07 -3.54 -3.82 -4.30 -4.26 -5.96
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 0.76 0.72 0.72 0.71 0.64 0.62 0.52 0.60 0.65 0.76
Quick Ratio		 0.22 0.20 0.24 0.22 0.22 0.16 0.15 0.27 0.36 0.45
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 49 57 104 92 75 28 34 36 39 5.21
Operating Cash Flow to CapEx		 -46.06% -738.53% 0.00% -74.24% 105.15% -1,184.68% 337.46% 233.24% 858.21% -151.90%
Free Cash Flow to Firm to Interest Expense		 9.42 27.32 33.57 39.01 45.46 13.05 21.75 10.45 37.36 5.14
Operating Cash Flow to Interest Expense		 -0.04 -3.79 2.96 -0.39 0.66 -3.12 1.50 1.23 9.65 -1.02
Operating Cash Flow Less CapEx to Interest Expense		 -0.13 -4.30 4.23 -0.92 0.03 -3.38 1.05 0.71 8.52 -1.70
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 1.32 1.46 1.48 1.50 1.58 1.86 1.79 1.66 1.52 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 4.46 5.16 5.48 5.09 6.07 6.37 6.62 5.54 5.44 0.00
Fixed Asset Turnover		 8.41 8.84 9.66 10.59 12.00 14.49 15.72 15.25 16.29 0.00
Accounts Payable Turnover		 14.84 14.27 15.03 13.10 13.00 13.02 13.67 10.98 13.92 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 81.80 70.70 66.65 71.73 60.14 57.31 55.13 65.93 67.14 0.00
Days Payable Outstanding (DPO)		 24.59 25.58 24.29 27.85 28.07 28.03 26.70 33.24 26.23 0.00
Cash Conversion Cycle (CCC)		 57.21 45.12 42.36 43.88 32.07 29.27 28.43 32.69 40.91 0.00
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 129 76 56 54 45 25 20 15 11 18
Invested Capital Turnover		 3.39 4.19 4.49 4.62 5.17 8.30 9.75 9.46 10.04 0.00
Increase / (Decrease) in Invested Capital		 -70 -100 -111 -99 -84 -51 -37 -39 -34 -2.09
Enterprise Value (EV)		 249 2,586 49 45 27 39 48 24 28 60
Market Capitalization		 261 2,593 66 58 40 43 52 29 42 77
Book Value per Share		 $0.45 $0.26 $10.65 $9.72 $8.44 $4.07 $3.44 $2.88 $3.49 $4.83
Tangible Book Value per Share		 $0.04 ($0.01) ($1.82) ($2.68) ($3.87) ($5.34) ($5.89) ($6.42) ($5.73) ($4.33)
Total Capital		 172 114 100 90 82 49 42 45 49 59
Total Debt		 31 31 27 24 24 21 18 25 24 24
Total Long-Term Debt		 29 23 21 21 12 12 1.68 25 24 23
Net Debt		 -12 -6.68 -16 -13 -13 -3.30 -4.28 -5.14 -14 -17
Capital Expenditures (CapEx)		 0.47 1.08 -3.90 1.25 1.03 0.57 0.69 1.82 1.19 0.68
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -83 -76 -84 -78 -78 -64 -63 -69 -70 -59
Debt-free Net Working Capital (DFNWC)		 -41 -38 -40 -41 -42 -39 -41 -39 -32 -18
Net Working Capital (NWC)		 -42 -46 -46 -43 -53 -49 -57 -39 -33 -19
Net Nonoperating Expense (NNE)		 12 23 6.64 4.23 2.90 12 3.18 3.13 1.42 0.83
Net Nonoperating Obligations (NNO)		 -12 -6.68 -16 -13 -13 -3.30 -4.28 -5.14 -14 -17
Total Depreciation and Amortization (D&A)		 16 16 11 10 12 17 6.35 4.70 3.97 3.78
Debt-free, Cash-free Net Working Capital to Revenue		 -14.97% -14.33% -16.63% -16.24% -17.33% -15.26% -17.01% -21.13% -24.90% 0.00%
Debt-free Net Working Capital to Revenue		 -7.34% -7.18% -8.04% -8.58% -9.23% -9.42% -10.98% -11.96% -11.39% 0.00%
Net Working Capital to Revenue		 -7.57% -8.71% -9.21% -9.04% -11.82% -11.69% -15.41% -11.96% -11.57% 0.00%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.11) ($10.42) ($2.10) ($1.59) ($1.75) ($5.07) ($0.84) ($0.85) $0.51 $0.32
Adjusted Weighted Average Basic Shares Outstanding		 308.93M 6.24M 6.76M 6.81M 6.84M 6.82M 6.88M 6.95M 7.00M 7.11M
Adjusted Diluted Earnings per Share		 ($0.11) ($10.42) ($2.10) ($1.59) ($1.75) ($5.07) ($0.84) ($0.85) $0.51 $0.30
Adjusted Weighted Average Diluted Shares Outstanding		 308.93M 6.24M 6.76M 6.81M 6.84M 6.82M 6.88M 6.95M 7.05M 7.57M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($10.42) $0.00 $0.00 $0.00 ($5.07) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 312.73M 6.83M 6.87M 6.92M 6.92M 6.99M 7.01M 7.07M 7.09M 7.24M
Normalized Net Operating Profit after Tax (NOPAT)		 -19 -12 -6.43 -6.64 -5.55 -8.24 -2.57 -1.03 3.48 2.18
Normalized NOPAT Margin		 -15.14% -10.19% -5.35% -6.02% -5.43% -9.54% -3.55% -1.61% 5.81% 4.02%
Pre Tax Income Margin		 -25.42% -54.70% -11.79% -9.80% -11.63% -40.02% -7.88% -9.07% 5.88% 4.27%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 -5.22 -29.99 -3.59 -3.55 -6.22 -15.00 -2.64 -0.69 4.33 3.29
NOPAT to Interest Expense		 -3.87 -20.11 -2.46 -2.80 -5.53 -10.66 -1.64 -0.81 4.72 3.07
EBIT Less CapEx to Interest Expense		 -5.31 -30.50 -2.32 -4.08 -6.85 -15.26 -3.09 -1.22 3.21 2.61
NOPAT Less CapEx to Interest Expense		 -3.96 -20.63 -1.19 -3.32 -6.16 -10.92 -2.09 -1.34 3.60 2.40
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Beachbody (NASDAQ: BODI) has shown some operating improvement in the latest quarter, but the company remains financially fragile. Q1 2026 brought a return to profitability on the income statement and positive operating cash flow was still not achieved, while the balance sheet continues to carry heavy liabilities relative to equity. Compared with the same period a year ago, Beachbody is operating from a much smaller revenue base, but its cost structure has also come down sharply.

  • Q1 2026 returned to net profit: Beachbody posted net income of $2.3 million in Q1 2026, versus a loss of $5.9 million in Q2 2025 and a loss of $5.7 million in Q1 2025.
  • Operating income turned positive: Q1 2026 operating income was $3.1 million, a notable improvement from an operating loss of $4.0 million in Q2 2025.
  • Gross margin remained strong: Gross profit of $39.0 million on $54.3 million of revenue implies a gross margin of about 72%, which is healthy for a consumer subscription/fitness business.
  • Debt balance came down modestly: Short-term debt fell to $1.6 million from $531,000 in Q3 2025, while long-term debt declined to $22.0 million from $22.9 million.
  • Cash increased from the prior quarter: Cash and equivalents rose to $36.6 million at the end of Q1 2026 from $33.9 million in Q3 2025.
  • Revenue remains well below last year’s levels: Q1 2026 revenue of $54.3 million was down from $72.4 million in Q1 2025 and $59.9 million in Q3 2025.
  • Revenue decline is partly offset by lower expenses: Operating expenses dropped to $35.9 million in Q1 2026 from $55.2 million in Q1 2025, helping profitability despite the smaller top line.
  • Share count remains relatively stable: Weighted average diluted shares were 7.6 million in Q1 2026, only slightly above prior quarters, so dilution was not a major issue this quarter.
  • Goodwill is a large portion of assets: Goodwill of $65.2 million makes up a meaningful part of the $143.1 million total asset base, so the balance sheet still includes significant intangible value.
  • Operating cash flow was negative: Beachbody used $1.0 million of cash in operations in Q1 2026, showing that accounting profit has not yet translated into sustainable cash generation.
  • Working capital remains pressured: Current liabilities were $80.8 million versus current assets of $61.6 million, leaving the company with a weak short-term liquidity profile.
  • Negative equity cushion remains a concern: Total equity was only $34.4 million against $108.8 million of liabilities, indicating a highly leveraged capital structure.
  • Deferred revenue is large and liability-heavy: Current deferred revenue was $55.2 million, which supports future revenue recognition but also contributes to near-term liability pressure.
  • Interest burden is still meaningful: Beachbody recorded $1.0 million of interest expense in Q1 2026, which continues to weigh on earnings.

Bottom line: Beachbody’s latest quarter shows real progress in reducing losses and getting back to operating profitability, but the business is still not out of the woods. Investors should watch for two things: whether revenue stabilizes, and whether the company can turn positive earnings into consistent operating cash flow. Until then, the balance sheet and liquidity profile remain the biggest risks.

07/27/26 03:26 PM ETAI Generated. May Contain Errors.

Beachbody Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Beachbody's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

Beachbody's net income appears to be on an upward trend, with a most recent value of -$71.64 million in 2024, falling from $32.30 million in 2019. The previous period was -$152.64 million in 2023. See Beachbody's forecast for analyst expectations on what's next for the company.

Beachbody's total operating income in 2024 was -$66.21 million, based on the following breakdown:
  • Total Gross Profit: $287.34 million
  • Total Operating Expenses: $353.55 million

Over the last 5 years, Beachbody's total revenue changed from $755.78 million in 2019 to $418.80 million in 2024, a change of -44.6%.

Beachbody's total liabilities were at $115.72 million at the end of 2025, a 21.0% decrease from 2024, and a 55.0% decrease since 2020.

In the past 5 years, Beachbody's cash and equivalents has ranged from $20.19 million in 2024 to $104.05 million in 2021, and is currently $39.02 million as of their latest financial filing in 2025.

Over the last 5 years, Beachbody's book value per share changed from 0.00 in 2019 to 4.07 in 2024, a change of 406.9%.


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Financial statements for NASDAQ:BODI last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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