What is Life Time Group's operating income?

Life Time Group's total operating income in 2025 was $481.29 million, based on the following breakdown: Total Gross Profit: $1.43 billion Total Operating Expenses: $945.35 million

Life Time Group (LTH) Financials

$41.56 -0.46 (-1.09%)

As of 02:40 PM Eastern

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Annual Income Statements for Life Time Group

This table shows Life Time Group'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	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	30	-360	-579	-1.79	76	156	374
Consolidated Net Income / (Loss)	30	-360	-579	-1.79	76	156	374
Net Income / (Loss) Continuing Operations	30	-360	-579	-1.79	76	156	374
Total Pre-Tax Income	40	-488	-720	-2.62	95	209	494
Total Operating Income	168	-359	-495	111	225	357	481
Total Gross Profit	859	288	474	754	1,032	1,229	1,427
Total Revenue	1,900	948	1,318	1,823	2,217	2,621	2,995
Operating Revenue	1,900	948	1,318	1,823	2,217	2,621	2,995
Total Cost of Revenue	1,041	660	844	1,068	1,184	1,392	1,569
Operating Cost of Revenue	1,041	660	844	1,068	1,184	1,392	1,569
Total Operating Expenses	691	647	969	644	807	871	945
Selling, General & Admin Expense	305	150	481	214	201	221	245
Depreciation Expense	220	248	235	229	244	275	296
Other Operating Expenses / (Income)	166	250	253	201	361	375	404
Total Other Income / (Expense), net	-128	-129	-225	-113	-130	-149	12
Interest & Investment Income	0.81	-0.19	-0.01	-113	-130	-149	-82
Other Income / (Expense), net	-	-	-	-	0.00	0.00	94
Income Tax Expense	10	-128	-140	-0.83	19	53	120
Basic Earnings per Share	$0.22	($2.48)	($3.73)	($0.01)	$0.39	$0.77	$1.71
Weighted Average Basic Shares Outstanding	139.41M	145.14M	155.47M	193.57M	195.67M	201.64M	218.03M
Diluted Earnings per Share	$0.22	($2.48)	($3.73)	($0.01)	$0.37	$0.74	$1.66
Weighted Average Diluted Shares Outstanding	139.41M	145.14M	155.47M	193.57M	204.01M	211.16M	225.50M
Weighted Average Basic & Diluted Shares Outstanding	-	-	193.06M	194.79M	196.71M	209.59M	221.81M

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	24	25	53	41	37	76	72	102	123	88	101
Consolidated Net Income / (Loss)	24	25	53	41	37	76	72	102	123	88	101
Net Income / (Loss) Continuing Operations	24	25	53	41	37	76	72	102	123	88	101
Total Pre-Tax Income	24	35	67	58	50	83	100	139	172	119	135
Total Operating Income	59	72	105	94	87	108	108	136	130	135	150
Total Gross Profit	271	275	312	322	319	335	358	368	366	382	412
Total Revenue	559	597	668	693	663	706	761	783	745	789	866
Operating Revenue	559	597	668	693	663	706	761	783	745	789	866
Total Cost of Revenue	288	322	356	371	344	371	404	414	379	407	454
Operating Cost of Revenue	288	322	356	371	344	371	404	414	379	407	454
Total Operating Expenses	212	203	207	228	232	227	249	233	236	247	263
Selling, General & Admin Expense	54	49	53	58	61	58	62	60	65	60	66
Depreciation Expense	64	66	70	69	70	71	73	75	77	81	83
Other Operating Expenses / (Income)	93	88	85	101	102	99	114	98	94	107	113
Total Other Income / (Expense), net	-34	-37	-38	-36	-37	-25	-8.87	3.70	43	-16	-15
Interest & Investment Income	-131	-37	-38	-36	-148	-25	-22	-18	-17	-16	-20
Other Income / (Expense), net	-	-	0.00	0.00	-	-	13	22	-	-	4.94
Income Tax Expense	0.53	9.91	14	16	13	6.41	27	37	49	31	33
Basic Earnings per Share	$0.12	$0.13	$0.27	$0.20	$0.17	$0.36	$0.33	$0.47	$0.55	$0.40	$0.46
Weighted Average Basic Shares Outstanding	195.67M	197.50M	198.90M	202.95M	201.64M	211.96M	219.29M	220.06M	218.03M	221.85M	222.63M
Diluted Earnings per Share	$0.11	$0.12	$0.26	$0.19	$0.17	$0.34	$0.32	$0.45	$0.55	$0.39	$0.45
Weighted Average Diluted Shares Outstanding	204.01M	202.76M	206.04M	214.63M	211.16M	223.62M	225.51M	226.01M	225.50M	227.45M	227.34M
Weighted Average Basic & Diluted Shares Outstanding	196.71M	198.84M	199.39M	206.97M	209.59M	219.42M	220.00M	220.51M	221.81M	222.60M	223.46M

This table details how cash moves in and out of Life Time Group'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	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	14	-15	-1.56	-6.13	4.46	-2.09	204
Net Cash From Operating Activities	359	-96	-20	201	463	575	871
Net Cash From Continuing Operating Activities	359	-96	-20	201	463	575	871
Net Income / (Loss) Continuing Operations	30	-360	-579	-1.79	76	156	374
Consolidated Net Income / (Loss)	30	-360	-579	-1.79	76	156	374
Depreciation Expense	220	248	235	229	244	275	296
Amortization Expense	12	12	9.59	7.87	7.82	7.00	3.66
Non-Cash Adjustments To Reconcile Net Income	53	68	431	-22	116	103	81
Changes in Operating Assets and Liabilities, net	43	-63	-117	-12	18	34	115
Net Cash From Investing Activities	-478	-6.12	-270	-244	-574	-293	-686
Net Cash From Continuing Investing Activities	-478	-6.12	-270	-244	-574	-293	-686
Purchase of Property, Plant & Equipment	-624	-266	-329	-591	-698	-525	-891
Acquisitions	-51	-0.10	-9.53	0.00	-1.62	0.00	0.00
Sale of Property, Plant & Equipment	0.00	23	-	352	126	223	227
Other Investing Activities, net	197	237	69	-4.21	-0.55	8.79	-22
Net Cash From Financing Activities	133	87	288	37	116	-284	19
Net Cash From Continuing Financing Activities	133	87	288	37	116	-284	19
Repayment of Debt	-360	-693	-2,480	-813	-1,325	-1,742	-258
Issuance of Debt	411	690	2,067	825	1,420	2,725	220
Issuance of Common Equity	105	90	702	0.00	3.48	127	4.29
Other Financing Activities, net	-23	0.00	0.00	25	17	-1,394	53
Effect of Exchange Rate Changes	0.21	-0.06	-0.01	-0.35	0.06	-0.08	0.11

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	4.53	6.76	13	88	-109	50	119	45	-9.27	-82	108
Net Cash From Operating Activities	132	90	170	151	163	184	196	251	240	199	210
Net Cash From Continuing Operating Activities	132	90	170	151	163	184	196	251	240	199	210
Net Income / (Loss) Continuing Operations	24	25	53	41	37	76	72	102	123	88	101
Consolidated Net Income / (Loss)	24	25	53	41	37	76	72	102	123	88	101
Depreciation Expense	64	66	70	69	70	71	73	75	77	81	83
Amortization Expense	1.96	7.96	2.00	1.89	1.11	4.31	0.91	0.92	0.93	0.93	0.93
Non-Cash Adjustments To Reconcile Net Income	32	14	8.87	33	47	14	39	25	1.13	14	22
Changes in Operating Assets and Liabilities, net	10	-22	37	5.62	7.95	18	11	48	37	15	1.98
Net Cash From Investing Activities	-171	-159	4.31	-7.82	-131	-142	-89	-205	-250	-260	-61
Net Cash From Continuing Investing Activities	-171	-159	4.31	-7.82	-131	-142	-89	-205	-250	-260	-61
Purchase of Property, Plant & Equipment	-168	-157	-144	-87	-136	-142	-222	-222	-305	-260	-263
Other Investing Activities, net	-0.97	-1.79	-0.39	4.99	5.97	0.84	-5.78	-17	0.11	-0.10	2.04
Net Cash From Financing Activities	43	75	-162	-56	-142	7.38	12	-0.37	0.46	-20	-40
Net Cash From Continuing Financing Activities	43	75	-162	-56	-142	7.38	12	-0.37	0.46	-20	-40
Repayment of Debt	-350	-370	-394	-573	-405	-141	-101	-4.12	-6.82	-6.11	-6.17
Repurchase of Common Equity	-	-	-	-	-	0.00	-	-	-	-11	-63
Other Financing Activities, net	0.87	0.29	5.31	18	-1,418	23	16	3.75	4.87	-3.69	29
Effect of Exchange Rate Changes	0.03	-0.04	-0.02	0.02	-0.04	0.00	0.18	-0.13	0.06	-0.17	-0.16

This table presents Life Time Group'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	6,018	6,257	6,625	7,032	7,153	8,008
Total Current Assets	166	132	131	175	171	386
Cash & Equivalents	33	32	26	11	11	205
Restricted Cash	-	-	-	19	17	27
Accounts Receivable	4.81	6.46	13	24	25	24
Inventories, net	36	41	46	53	60	68
Prepaid Expenses	87	49	46	58	53	62
Plant, Property, & Equipment, net	2,693	2,791	2,901	3,172	3,194	3,633
Total Noncurrent Assets	3,159	3,334	3,593	3,686	3,788	3,989
Goodwill	1,233	1,233	1,233	1,235	1,235	1,235
Intangible Assets	164	174	173	172	172	181
Other Noncurrent Operating Assets	1,762	1,926	2,187	2,279	2,381	2,573
Total Liabilities & Shareholders' Equity	6,018	6,257	6,625	7,032	7,153	8,008
Total Liabilities	4,536	4,165	4,501	4,778	4,542	4,882
Total Current Liabilities	443	406	457	557	520	610
Short-Term Debt	139	24	15	74	23	22
Accounts Payable	54	71	74	81	88	90
Accrued Expenses	118	148	154	185	179	214
Current Deferred Revenue	42	34	37	49	58	60
Other Current Liabilities	90	130	177	167	172	223
Total Noncurrent Liabilities	4,093	3,759	4,044	4,221	4,022	4,272
Long-Term Debt	2,133	1,776	1,806	1,859	1,513	1,486
Noncurrent Deferred & Payable Income Tax Liabilities	195	55	41	56	85	172
Other Noncurrent Operating Liabilities	1,765	1,928	2,197	2,306	2,424	2,614
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,481	2,091	2,124	2,254	2,610	3,126
Total Preferred & Common Equity	1,481	2,091	2,124	2,254	2,610	3,126
Total Common Equity	1,481	2,091	2,124	2,254	2,610	3,126
Common Stock	1,571	2,745	2,786	2,838	3,044	3,185
Retained Earnings	-72	-651	-653	-577	-421	-47
Accumulated Other Comprehensive Income / (Loss)	-3.23	-3.02	-9.22	-6.93	-13	-12

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

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	6,735	6,828	6,897	7,094	7,124	7,180	7,313	7,600	7,827	8,106	8,358
Total Current Assets	157	153	153	191	196	269	224	368	410	323	436
Cash & Equivalents	35	31	25	19	35	121	59	176	219	120	224
Restricted Cash	-	-	-	18	15	16	18	21	23	30	35
Accounts Receivable	17	18	19	23	25	26	25	26	24	25	26
Inventories, net	46	48	49	53	55	59	62	66	71	67	67
Prepaid Expenses	59	50	48	71	59	41	58	65	54	80	85
Plant, Property, & Equipment, net	2,962	3,030	3,075	3,234	3,147	3,095	3,257	3,323	3,457	3,800	3,812
Total Noncurrent Assets	3,616	3,644	3,669	3,668	3,781	3,815	3,832	3,909	3,960	3,983	4,110
Goodwill	1,235	1,235	1,235	1,235	1,235	1,235	1,235	1,235	1,235	1,235	1,235
Intangible Assets	173	173	172	172	172	172	172	171	181	181	181
Other Noncurrent Operating Assets	2,208	2,236	2,261	2,260	2,374	2,408	2,425	2,503	2,544	2,567	2,694
Total Liabilities & Shareholders' Equity	6,735	6,828	6,897	7,094	7,124	7,180	7,313	7,600	7,827	8,106	8,358
Total Liabilities	4,573	4,627	4,680	4,791	4,757	4,618	4,579	4,731	4,842	4,887	5,056
Total Current Liabilities	476	535	523	450	442	457	523	569	613	609	664
Short-Term Debt	66	65	64	23	13	12	23	23	23	21	32
Accounts Payable	65	84	76	69	78	71	84	90	92	92	97
Accrued Expenses	145	170	179	162	184	196	184	198	229	226	223
Current Deferred Revenue	42	41	39	53	52	49	63	61	56	63	58
Other Current Liabilities	159	175	164	142	115	129	168	197	214	206	254
Total Noncurrent Liabilities	4,097	4,092	4,157	4,341	4,315	4,161	4,056	4,162	4,228	4,278	4,392
Long-Term Debt	1,825	1,792	1,816	1,987	1,830	1,640	1,498	1,493	1,490	1,482	1,466
Noncurrent Deferred & Payable Income Tax Liabilities	48	47	57	62	68	78	86	105	146	182	187
Other Noncurrent Operating Liabilities	2,224	2,252	2,284	2,292	2,416	2,444	2,471	2,564	2,592	2,614	2,740
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,162	2,201	2,217	2,303	2,367	2,562	2,734	2,869	2,985	3,219	3,302
Total Preferred & Common Equity	2,162	2,201	2,217	2,303	2,367	2,562	2,734	2,869	2,985	3,219	3,302
Total Common Equity	2,162	2,201	2,217	2,303	2,367	2,562	2,734	2,869	2,985	3,219	3,302
Common Stock	2,797	2,816	2,827	2,863	2,876	3,028	3,092	3,151	3,167	3,187	3,166
Retained Earnings	-625	-608	-600	-552	-499	-458	-344	-272	-170	41	143
Accumulated Other Comprehensive Income / (Loss)	-9.15	-7.26	-9.53	-8.59	-9.24	-7.98	-13	-9.34	-12	-8.71	-6.24

This table displays calculated financial ratios and metrics derived from Life Time Group's official financial filings.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	-50.10%	38.98%	38.28%	21.62%	18.24%	14.28%
EBITDA Growth	0.00%	-124.82%	-151.93%	238.69%	37.44%	33.88%	36.98%
EBIT Growth	0.00%	-313.42%	-37.88%	122.34%	103.59%	58.73%	61.00%
NOPAT Growth	0.00%	-299.51%	-37.88%	122.34%	133.38%	48.04%	36.22%
Net Income Growth	0.00%	-1,298.68%	-60.85%	99.69%	4,342.22%	105.41%	139.16%
EPS Growth	0.00%	-1,227.27%	-50.40%	99.73%	3,800.00%	100.00%	124.32%
Operating Cash Flow Growth	0.00%	-126.76%	79.13%	1,103.39%	130.39%	24.21%	51.36%
Free Cash Flow Firm Growth	0.00%	0.00%	87.79%	103.46%	-437.88%	640.96%	-73.62%
Invested Capital Growth	0.00%	0.00%	3.71%	1.57%	6.06%	-0.93%	6.89%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	6.56%	4.05%	4.15%	2.81%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	1,089.00%	4.55%	5.40%	19.74%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	140.57%	6.47%	8.60%	31.18%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	140.57%	12.35%	4.32%	7.12%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	99.44%	15.06%	9.44%	29.82%
EPS Q/Q Growth	0.00%	0.00%	0.00%	99.45%	8.82%	8.82%	29.69%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	63.67%	66.62%	13.87%	5.71%	9.66%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	53.66%	22.06%	-49.60%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	3.47%	2.10%	1.01%	3.41%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	45.21%	30.40%	35.96%	41.39%	46.57%	46.87%	47.63%
EBITDA Margin	21.08%	-10.48%	-19.00%	19.06%	21.54%	24.39%	29.23%
Operating Margin	8.86%	-37.87%	-37.57%	6.07%	10.16%	13.64%	16.07%
EBIT Margin	8.86%	-37.87%	-37.57%	6.07%	10.16%	13.64%	19.21%
Profit (Net Income) Margin	1.58%	-37.98%	-43.96%	-0.10%	3.43%	5.96%	12.48%
Tax Burden Percent	74.88%	73.85%	80.50%	68.49%	80.24%	74.84%	75.72%
Interest Burden Percent	23.85%	135.80%	145.34%	-2.37%	42.09%	58.40%	85.75%
Effective Tax Rate	25.12%	0.00%	0.00%	0.00%	19.76%	25.16%	24.28%
Return on Invested Capital (ROIC)	0.00%	-13.51%	-9.15%	1.99%	4.48%	6.47%	8.55%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-23.23%	-20.76%	-2.46%	-1.18%	-0.06%	9.22%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-35.11%	-23.29%	-2.08%	-1.00%	-0.04%	4.47%
Return on Equity (ROE)	0.00%	-48.63%	-32.43%	-0.09%	3.47%	6.42%	13.03%
Cash Return on Invested Capital (CROIC)	0.00%	-213.51%	-12.79%	0.43%	-1.40%	7.40%	1.90%
Operating Return on Assets (OROA)	0.00%	-5.97%	-8.07%	1.72%	3.30%	5.04%	7.59%
Return on Assets (ROA)	0.00%	-5.99%	-9.44%	-0.03%	1.11%	2.20%	4.93%
Return on Common Equity (ROCE)	0.00%	-48.63%	-32.43%	-0.09%	3.47%	6.42%	13.03%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-24.31%	-27.70%	-0.08%	3.37%	5.99%	0.00%
Net Operating Profit after Tax (NOPAT)	126	-251	-347	77	181	268	364
NOPAT Margin	6.63%	-26.51%	-26.30%	4.25%	8.15%	10.21%	12.17%
Net Nonoperating Expense Percent (NNEP)	0.00%	9.72%	11.62%	4.45%	5.66%	6.53%	-0.66%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	1.96%	4.32%	6.45%	7.86%
Cost of Revenue to Revenue	54.79%	69.60%	64.04%	58.61%	53.43%	53.13%	52.37%
SG&A Expenses to Revenue	16.02%	15.81%	36.46%	11.74%	9.07%	8.43%	8.17%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	36.36%	68.27%	73.53%	35.32%	36.41%	33.24%	31.56%
Earnings before Interest and Taxes (EBIT)	168	-359	-495	111	225	357	576
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	401	-99	-250	347	477	639	876
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.47	1.59	1.09	1.31	1.75	1.87
Price to Tangible Book Value (P/TBV)	0.00	8.38	4.86	3.24	3.50	3.80	3.43
Price to Revenue (P/Rev)	0.37	0.74	2.52	1.27	1.34	1.75	1.96
Price to Earnings (P/E)	23.38	0.00	0.00	0.00	38.94	29.30	15.69
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.28%	0.00%	0.00%	0.00%	2.57%	3.41%	6.38%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.79	1.32	1.05	1.17	1.48	1.62
Enterprise Value to Revenue (EV/Rev)	0.00	3.10	3.86	2.26	2.19	2.32	2.38
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	11.85	10.19	9.52	8.15
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	37.23	21.60	17.02	12.40
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	53.18	26.92	22.75	19.58
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	20.49	10.51	10.58	8.20
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	245.69	0.00	19.87	88.32
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	1.53	0.86	0.86	0.86	0.59	0.48
Long-Term Debt to Equity	0.00	1.44	0.85	0.85	0.82	0.58	0.48
Financial Leverage	0.00	1.51	1.12	0.85	0.84	0.70	0.49
Leverage Ratio	0.00	4.06	3.44	3.06	3.12	2.92	2.64
Compound Leverage Factor	0.00	5.52	4.99	-0.07	1.31	1.70	2.27
Debt to Total Capital	0.00%	60.54%	46.25%	46.16%	46.16%	37.04%	32.54%
Short-Term Debt to Total Capital	0.00%	3.71%	0.60%	0.39%	1.76%	0.54%	0.47%
Long-Term Debt to Total Capital	0.00%	56.83%	45.64%	45.77%	44.40%	36.50%	32.07%
Preferred Equity to Total Capital	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%
Common Equity to Total Capital	0.00%	39.46%	53.75%	53.84%	53.84%	62.96%	67.46%
Debt to EBITDA	0.00	-22.86	-7.18	5.24	4.05	2.40	1.72
Net Debt to EBITDA	0.00	-22.52	-7.06	5.17	3.99	2.36	1.46
Long-Term Debt to EBITDA	0.00	-21.46	-7.09	5.20	3.89	2.37	1.70
Debt to NOPAT	0.00	-9.04	-5.19	23.52	10.70	5.74	4.14
Net Debt to NOPAT	0.00	-8.91	-5.10	23.19	10.53	5.64	3.50
Long-Term Debt to NOPAT	0.00	-8.49	-5.12	23.32	10.29	5.66	4.08
Altman Z-Score	0.00	-0.02	0.23	0.44	0.61	1.00	1.29
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	0.37	0.32	0.29	0.31	0.33	0.63
Quick Ratio	0.00	0.09	0.09	0.09	0.06	0.07	0.38
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-3,972	-485	17	-57	306	81
Operating Cash Flow to CapEx	57.49%	-39.56%	-6.09%	83.97%	80.95%	190.73%	131.09%
Free Cash Flow to Firm to Interest Expense	0.00	-30.94	-2.16	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	2.78	-0.75	-0.09	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-2.06	-2.64	-1.55	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	0.16	0.21	0.28	0.32	0.37	0.40
Accounts Receivable Turnover	0.00	197.37	233.93	183.68	118.90	107.00	121.81
Inventory Turnover	0.00	18.20	21.84	24.65	24.06	24.63	24.53
Fixed Asset Turnover	0.00	0.35	0.48	0.64	0.73	0.82	0.88
Accounts Payable Turnover	0.00	12.20	13.46	14.71	15.26	16.47	17.62
Days Sales Outstanding (DSO)	0.00	1.85	1.56	1.99	3.07	3.41	3.00
Days Inventory Outstanding (DIO)	0.00	20.06	16.71	14.81	15.17	14.82	14.88
Days Payable Outstanding (DPO)	0.00	29.92	27.12	24.82	23.92	22.16	20.72
Cash Conversion Cycle (CCC)	0.00	-8.01	-8.85	-8.03	-5.68	-3.93	-2.84
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	3,721	3,859	3,920	4,157	4,118	4,402
Invested Capital Turnover	0.00	0.51	0.35	0.47	0.55	0.63	0.70
Increase / (Decrease) in Invested Capital	0.00	3,721	138	61	237	-39	284
Enterprise Value (EV)	0.00	2,941	5,090	4,118	4,865	6,086	7,137
Market Capitalization	702	702	3,323	2,322	2,962	4,578	5,861
Book Value per Share	$0.00	$10.21	$10.83	$10.94	$11.48	$12.61	$14.18
Tangible Book Value per Share	$0.00	$0.58	$3.54	$3.70	$4.31	$5.81	$7.75
Total Capital	0.00	3,754	3,891	3,945	4,187	4,146	4,634
Total Debt	0.00	2,273	1,799	1,821	1,933	1,536	1,508
Total Long-Term Debt	0.00	2,133	1,776	1,806	1,859	1,513	1,486
Net Debt	0.00	2,239	1,768	1,795	1,903	1,508	1,276
Capital Expenditures (CapEx)	624	243	329	239	572	302	664
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-171	-283	-337	-339	-354	-434
Debt-free Net Working Capital (DFNWC)	0.00	-138	-251	-311	-309	-327	-202
Net Working Capital (NWC)	0.00	-277	-275	-326	-383	-349	-224
Net Nonoperating Expense (NNE)	96	109	233	79	105	111	-9.25
Net Nonoperating Obligations (NNO)	0.00	2,239	1,768	1,795	1,903	1,508	1,276
Total Depreciation and Amortization (D&A)	232	260	245	237	252	282	300
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-18.07%	-21.46%	-18.47%	-15.28%	-13.52%	-14.49%
Debt-free Net Working Capital to Revenue	0.00%	-14.57%	-19.06%	-17.07%	-13.93%	-12.46%	-6.74%
Net Working Capital to Revenue	0.00%	-29.25%	-20.84%	-17.91%	-17.26%	-13.32%	-7.47%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($3.73)	($0.01)	$0.39	$0.77	$1.71
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	155.47M	193.57M	195.67M	201.64M	218.03M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($3.73)	($0.01)	$0.37	$0.74	$1.66
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	155.47M	193.57M	204.01M	211.16M	225.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	193.06M	194.79M	196.71M	209.59M	221.81M
Normalized Net Operating Profit after Tax (NOPAT)	126	-251	-347	77	181	268	364
Normalized NOPAT Margin	6.63%	-26.51%	-26.30%	4.25%	8.15%	10.21%	12.17%
Pre Tax Income Margin	2.11%	-51.43%	-54.60%	-0.14%	4.28%	7.97%	16.48%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	1.30	-2.80	-2.21	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.98	-1.96	-1.54	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-3.53	-4.69	-3.67	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-3.86	-3.85	-3.01	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	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%

This table displays calculated financial ratios and metrics derived from Life Time Group's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	221,805,082.00	222,602,738.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	221,805,082.00	222,602,738.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	0.40	0.46
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.23%	16.81%	18.88%	18.47%	18.69%	18.32%	14.03%	12.90%	12.33%	11.71%	13.73%
EBITDA Growth	19.96%	9.73%	56.71%	46.94%	26.20%	23.01%	14.49%	41.58%	31.77%	18.35%	24.56%
EBIT Growth	30.40%	6.93%	99.89%	100.42%	48.25%	49.42%	15.81%	68.25%	48.93%	25.23%	27.46%
NOPAT Growth	52.01%	1.21%	91.16%	149.75%	13.21%	92.67%	-5.42%	48.13%	42.53%	0.29%	43.63%
Net Income Growth	72.55%	-9.26%	210.54%	422.49%	56.91%	205.58%	36.54%	147.68%	230.97%	15.70%	40.58%
EPS Growth	37.50%	-14.29%	225.00%	375.00%	54.55%	183.33%	23.08%	136.84%	223.53%	14.71%	40.63%
Operating Cash Flow Growth	74.57%	21.60%	20.06%	31.83%	23.54%	103.36%	14.83%	66.14%	47.03%	8.12%	7.08%
Free Cash Flow Firm Growth	-685.19%	-102.78%	62.75%	124.14%	157.67%	195.30%	199.40%	-229.65%	-284.04%	-248.67%	-572.83%
Invested Capital Growth	6.06%	6.46%	3.33%	0.13%	-0.93%	-2.31%	0.67%	4.41%	6.89%	9.43%	8.42%
Revenue Q/Q Growth	-4.50%	6.78%	11.91%	3.81%	-4.32%	6.45%	7.85%	2.78%	-4.80%	5.85%	9.80%
EBITDA Q/Q Growth	11.26%	12.01%	26.09%	-6.48%	-4.44%	13.82%	8.76%	19.69%	-11.06%	4.17%	10.38%
EBIT Q/Q Growth	25.50%	22.82%	45.38%	-10.56%	-7.17%	23.79%	12.68%	29.93%	-17.83%	4.10%	14.69%
NOPAT Q/Q Growth	112.96%	-10.18%	61.07%	-18.94%	-3.47%	52.85%	-20.93%	26.97%	-7.12%	7.55%	13.24%
Net Income Q/Q Growth	199.23%	5.21%	111.92%	-21.68%	-10.14%	104.89%	-5.31%	42.06%	20.09%	-28.38%	15.05%
EPS Q/Q Growth	175.00%	9.09%	116.67%	-26.92%	-10.53%	100.00%	-5.88%	40.63%	22.22%	-29.09%	15.38%
Operating Cash Flow Q/Q Growth	15.18%	-31.54%	88.51%	-11.31%	7.94%	12.70%	6.44%	28.32%	-4.48%	-17.12%	5.42%
Free Cash Flow Firm Q/Q Growth	29.73%	-15.49%	75.43%	221.05%	67.89%	90.83%	-74.37%	-257.90%	-138.33%	-54.16%	18.49%
Invested Capital Q/Q Growth	2.10%	2.88%	-2.70%	-2.02%	1.01%	1.45%	0.26%	1.62%	3.41%	3.86%	-0.66%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	48.42%	46.05%	46.76%	46.46%	48.16%	47.46%	46.95%	47.06%	49.08%	48.43%	47.61%
EBITDA Margin	22.36%	23.46%	26.43%	23.81%	23.78%	25.42%	25.64%	29.85%	27.89%	27.45%	27.59%
Operating Margin	10.50%	12.08%	15.69%	13.52%	13.11%	15.25%	14.24%	17.33%	17.38%	17.10%	17.29%
EBIT Margin	10.50%	12.08%	15.69%	13.52%	13.11%	15.25%	15.93%	20.14%	17.38%	17.10%	17.86%
Profit (Net Income) Margin	4.24%	4.18%	7.91%	5.97%	5.60%	10.78%	9.47%	13.09%	16.51%	11.17%	11.70%
Tax Burden Percent	97.82%	71.54%	79.26%	71.84%	74.71%	92.24%	72.41%	73.50%	71.50%	73.87%	75.34%
Interest Burden Percent	41.27%	48.34%	63.60%	61.44%	57.20%	76.67%	82.08%	88.40%	132.81%	88.45%	87.00%
Effective Tax Rate	2.18%	28.46%	20.74%	28.16%	25.29%	7.76%	27.59%	26.50%	28.50%	26.13%	24.66%
Return on Invested Capital (ROIC)	5.64%	4.80%	7.31%	6.00%	6.21%	9.09%	6.98%	8.91%	8.74%	8.88%	9.50%
ROIC Less NNEP Spread (ROIC-NNEP)	3.81%	3.41%	5.64%	4.46%	4.57%	7.73%	6.56%	9.10%	10.92%	8.06%	8.60%
Return on Net Nonoperating Assets (RNNOA)	3.22%	2.92%	4.47%	3.14%	3.21%	5.24%	3.90%	4.57%	5.30%	3.79%	3.57%
Return on Equity (ROE)	8.86%	7.72%	11.79%	9.14%	9.41%	14.33%	10.88%	13.48%	14.04%	12.67%	13.06%
Cash Return on Invested Capital (CROIC)	-1.40%	-1.89%	2.13%	6.16%	7.40%	9.86%	6.78%	3.85%	1.90%	-0.55%	1.16%
Operating Return on Assets (OROA)	3.41%	4.02%	5.42%	4.83%	4.85%	5.78%	6.11%	7.82%	6.87%	6.83%	7.12%
Return on Assets (ROA)	1.38%	1.39%	2.73%	2.13%	2.07%	4.09%	3.63%	5.08%	6.52%	4.46%	4.67%
Return on Common Equity (ROCE)	8.86%	7.72%	11.79%	9.14%	9.41%	14.33%	10.88%	13.48%	14.04%	12.67%	13.06%
Return on Equity Simple (ROE_SIMPLE)	0.00%	3.19%	4.62%	5.57%	0.00%	7.59%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	57	52	83	67	65	99	79	100	93	100	113
NOPAT Margin	10.27%	8.64%	12.43%	9.71%	9.80%	14.07%	10.31%	12.74%	12.43%	12.63%	13.02%
Net Nonoperating Expense Percent (NNEP)	1.82%	1.39%	1.67%	1.54%	1.63%	1.36%	0.41%	-0.20%	-2.18%	0.82%	0.89%
Return On Investment Capital (ROIC_SIMPLE)	1.37%	-	-	-	1.57%	2.33%	1.79%	2.22%	2.00%	2.11%	2.35%
Cost of Revenue to Revenue	51.58%	53.95%	53.24%	53.54%	51.84%	52.54%	53.05%	52.94%	50.92%	51.57%	52.39%
SG&A Expenses to Revenue	9.69%	8.19%	7.97%	8.33%	9.23%	8.19%	8.10%	7.65%	8.76%	7.56%	7.62%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	37.92%	33.98%	31.07%	32.95%	35.04%	32.21%	32.71%	29.73%	31.70%	31.34%	30.32%
Earnings before Interest and Taxes (EBIT)	59	72	105	94	87	108	121	158	130	135	155
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	125	140	176	165	158	179	195	234	208	216	239
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.31	1.33	1.58	1.90	1.75	2.31	2.32	2.03	1.87	1.86	2.75
Price to Tangible Book Value (P/TBV)	3.50	3.41	3.90	4.22	3.80	4.77	4.55	3.87	3.43	3.31	4.82
Price to Revenue (P/Rev)	1.34	1.33	1.55	1.93	1.75	2.32	2.36	2.08	1.96	1.94	2.86
Price to Earnings (P/E)	38.94	41.52	34.25	34.11	29.30	30.51	29.35	21.10	15.69	15.50	21.91
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.57%	2.41%	2.92%	2.93%	3.41%	3.28%	3.41%	4.74%	6.38%	6.45%	4.56%
Enterprise Value to Invested Capital (EV/IC)	1.17	1.18	1.33	1.57	1.48	1.86	1.90	1.73	1.62	1.60	2.27
Enterprise Value to Revenue (EV/Rev)	2.19	2.18	2.30	2.54	2.32	2.85	2.82	2.52	2.38	2.38	3.25
Enterprise Value to EBITDA (EV/EBITDA)	10.19	10.26	10.00	10.53	9.52	11.55	11.65	10.04	8.15	8.99	11.88
Enterprise Value to EBIT (EV/EBIT)	21.60	21.87	19.62	19.39	17.02	19.77	20.10	16.74	12.40	14.41	18.79
Enterprise Value to NOPAT (EV/NOPAT)	26.92	27.75	25.02	24.89	22.75	24.45	25.65	21.59	19.58	19.82	25.60
Enterprise Value to Operating Cash Flow (EV/OCF)	10.51	10.49	10.91	11.74	10.58	11.63	11.49	9.25	8.20	8.28	11.49
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	63.47	25.44	19.87	18.65	28.17	45.80	88.32	0.00	203.59
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.86	0.87	0.78	0.64	0.59	0.56	0.53	0.51	0.48	0.47	0.45
Long-Term Debt to Equity	0.82	0.86	0.77	0.64	0.58	0.55	0.52	0.50	0.48	0.46	0.44
Financial Leverage	0.84	0.86	0.79	0.71	0.70	0.68	0.59	0.50	0.49	0.47	0.41
Leverage Ratio	3.12	3.10	3.05	2.95	2.92	2.86	2.81	2.71	2.64	2.59	2.59
Compound Leverage Factor	1.29	1.50	1.94	1.81	1.67	2.19	2.31	2.39	3.51	2.29	2.25
Debt to Total Capital	46.16%	46.61%	43.77%	39.21%	37.04%	35.74%	34.57%	33.63%	32.54%	31.83%	31.20%
Short-Term Debt to Total Capital	1.76%	0.54%	0.30%	0.30%	0.54%	0.53%	0.52%	0.51%	0.47%	0.44%	0.66%
Long-Term Debt to Total Capital	44.40%	46.07%	43.47%	38.91%	36.50%	35.21%	34.05%	33.12%	32.07%	31.39%	30.54%
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%	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%	0.00%
Common Equity to Total Capital	53.84%	53.39%	56.23%	60.79%	62.96%	64.26%	65.43%	66.37%	67.46%	68.17%	68.80%
Debt to EBITDA	4.05	4.10	3.33	2.72	2.40	2.26	2.21	2.07	1.72	1.84	1.72
Net Debt to EBITDA	3.99	4.03	3.24	2.50	2.36	2.15	1.93	1.74	1.46	1.66	1.42
Long-Term Debt to EBITDA	3.89	4.06	3.31	2.70	2.37	2.23	2.18	2.04	1.70	1.82	1.69
Debt to NOPAT	10.70	11.10	8.33	6.44	5.74	4.78	4.88	4.45	4.14	4.06	3.71
Net Debt to NOPAT	10.53	10.89	8.10	5.91	5.64	4.54	4.25	3.74	3.50	3.66	3.07
Long-Term Debt to NOPAT	10.29	10.97	8.27	6.39	5.66	4.71	4.80	4.38	4.08	4.01	3.63
Altman Z-Score	0.53	0.59	0.72	0.91	0.87	1.14	1.19	1.13	1.11	1.13	1.51
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.31	0.43	0.44	0.59	0.33	0.43	0.65	0.67	0.63	0.53	0.66
Quick Ratio	0.06	0.09	0.14	0.32	0.07	0.16	0.35	0.40	0.38	0.24	0.38
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-180	-208	-51	62	104	198	51	-80	-191	-294	-240
Operating Cash Flow to CapEx	78.59%	57.66%	118.10%	1,179.54%	119.42%	129.04%	88.15%	133.16%	96.04%	76.45%	79.60%
Free Cash Flow to Firm to Interest Expense	0.00	-5.56	-1.36	1.72	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	2.42	4.52	4.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	-1.78	0.69	3.84	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.32	0.33	0.35	0.36	0.37	0.38	0.38	0.39	0.40	0.40	0.40
Accounts Receivable Turnover	118.90	116.19	111.12	110.81	107.00	114.90	110.45	115.16	121.81	122.75	121.84
Inventory Turnover	24.06	24.80	25.03	24.80	24.63	24.93	24.69	23.60	24.53	24.78	24.90
Fixed Asset Turnover	0.73	0.74	0.78	0.82	0.82	0.84	0.87	0.89	0.88	0.87	0.89
Accounts Payable Turnover	15.26	18.37	15.88	18.22	16.47	18.82	17.68	18.89	17.62	18.20	17.64
Days Sales Outstanding (DSO)	3.07	3.14	3.28	3.29	3.41	3.18	3.30	3.17	3.00	2.97	3.00
Days Inventory Outstanding (DIO)	15.17	14.72	14.58	14.72	14.82	14.64	14.78	15.46	14.88	14.73	14.66
Days Payable Outstanding (DPO)	23.92	19.87	22.99	20.03	22.16	19.40	20.65	19.33	20.72	20.06	20.69
Cash Conversion Cycle (CCC)	-5.68	-2.01	-5.12	-2.02	-3.93	-1.58	-2.56	-0.69	-2.84	-2.35	-3.03
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,157	4,277	4,161	4,077	4,118	4,178	4,189	4,257	4,402	4,572	4,542
Invested Capital Turnover	0.55	0.56	0.59	0.62	0.63	0.65	0.68	0.70	0.70	0.70	0.73
Increase / (Decrease) in Invested Capital	237	259	134	5.49	-39	-99	28	180	284	394	353
Enterprise Value (EV)	4,865	5,027	5,538	6,384	6,086	7,773	7,975	7,343	7,137	7,328	10,331
Market Capitalization	2,962	3,053	3,744	4,869	4,578	6,330	6,655	6,072	5,861	5,975	9,091
Book Value per Share	$11.48	$11.71	$11.91	$12.85	$12.61	$13.05	$13.08	$13.57	$14.18	$14.51	$14.83
Tangible Book Value per Share	$4.31	$4.55	$4.83	$5.79	$5.81	$6.33	$6.67	$7.13	$7.75	$8.13	$8.47
Total Capital	4,187	4,313	4,210	4,214	4,146	4,255	4,385	4,498	4,634	4,722	4,800
Total Debt	1,933	2,010	1,843	1,652	1,536	1,521	1,516	1,513	1,508	1,503	1,498
Total Long-Term Debt	1,859	1,987	1,830	1,640	1,513	1,498	1,493	1,490	1,486	1,482	1,466
Net Debt	1,903	1,974	1,794	1,515	1,508	1,443	1,320	1,271	1,276	1,353	1,240
Capital Expenditures (CapEx)	168	157	144	13	137	142	222	189	250	260	263
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-339	-272	-282	-312	-354	-354	-374	-422	-434	-415	-454
Debt-free Net Working Capital (DFNWC)	-309	-235	-233	-175	-327	-276	-178	-180	-202	-265	-196
Net Working Capital (NWC)	-383	-258	-245	-188	-349	-299	-201	-203	-224	-286	-227
Net Nonoperating Expense (NNE)	34	27	30	26	28	23	6.43	-2.72	-30	12	11
Net Nonoperating Obligations (NNO)	1,903	1,974	1,794	1,515	1,508	1,443	1,320	1,271	1,276	1,353	1,240
Total Depreciation and Amortization (D&A)	66	68	72	71	71	72	74	76	78	82	84
Debt-free, Cash-free Net Working Capital to Revenue	-15.28%	-11.79%	-11.71%	-12.40%	-13.52%	-12.95%	-13.24%	-14.47%	-14.49%	-13.49%	-14.26%
Debt-free Net Working Capital to Revenue	-13.93%	-10.20%	-9.66%	-6.96%	-12.46%	-10.11%	-6.29%	-6.18%	-6.74%	-8.61%	-6.15%
Net Working Capital to Revenue	-17.26%	-11.21%	-10.19%	-7.45%	-13.32%	-10.94%	-7.10%	-6.97%	-7.47%	-9.28%	-7.15%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.12	$0.13	$0.27	$0.20	$0.17	$0.36	$0.33	$0.47	$0.55	$0.40	$0.46
Adjusted Weighted Average Basic Shares Outstanding	195.67M	197.50M	198.90M	202.95M	201.64M	211.96M	219.29M	220.06M	218.03M	221.85M	222.63M
Adjusted Diluted Earnings per Share	$0.11	$0.12	$0.26	$0.19	$0.17	$0.34	$0.32	$0.45	$0.55	$0.39	$0.45
Adjusted Weighted Average Diluted Shares Outstanding	204.01M	202.76M	206.04M	214.63M	211.16M	223.62M	225.51M	226.01M	225.50M	227.45M	227.34M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	196.71M	198.84M	199.39M	206.97M	209.59M	219.42M	220.00M	220.51M	221.81M	222.60M	223.46M
Normalized Net Operating Profit after Tax (NOPAT)	57	52	83	67	65	99	79	100	93	100	113
Normalized NOPAT Margin	10.27%	8.64%	12.43%	9.71%	9.80%	14.07%	10.31%	12.74%	12.43%	12.63%	13.02%
Pre Tax Income Margin	4.33%	5.84%	9.98%	8.30%	7.50%	11.69%	13.08%	17.80%	23.09%	15.12%	15.54%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	1.93	2.78	2.60	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	1.38	2.20	1.87	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	-2.27	-1.05	2.25	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	-2.81	-1.63	1.51	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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%	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%	0.00%

Financials Breakdown Chart

Key Financial Trends

Life Time Group’s financial performance has strengthened materially across the reported periods. Revenue increased from $496.4 million in Q3 2022 to $782.6 million in Q3 2025, while Q2 revenue rose from $561.7 million in 2023 to $866.0 million in 2026. The company has also maintained quarterly profitability, with net income improving from $24.7 million in Q3 2022 to $102.4 million in Q3 2025 and from $72.1 million in Q2 2025 to $101.4 million in Q2 2026.

Profitability has improved alongside revenue growth. Q2 2026 gross profit was $412.3 million, representing a gross margin of approximately 47.6%, compared with 46.9% in the restated Q2 2025 period. Operating income increased 10.0% sequentially from Q1 2026 and 38.0% year over year from Q2 2025, producing an operating margin of approximately 17.3%.

Cash generation is a major strength, although Life Time remains highly capital intensive. Operating cash flow was $209.6 million in Q2 2026 and has remained above $180 million in every quarter provided since Q1 2025. However, purchases of property, plant and equipment have frequently exceeded $200 million per quarter as the company continues investing in its club network and facilities.

Sustained revenue growth: Quarterly revenue has increased by more than 50% from comparable periods in 2023 to 2026, indicating continued expansion in membership, pricing, or ancillary services.
Improving operating leverage: Q2 2026 operating income rose to $149.7 million from $108.4 million in Q2 2025, while operating expenses grew more slowly than gross profit.
Strong operating cash flow: Operating cash flow reached $209.6 million in Q2 2026, up from $195.7 million in Q2 2025 and $141.9 million in Q2 2023.
Balance-sheet equity has improved: Total equity increased to $3.30 billion in Q2 2026 from $2.30 billion in Q1 2024. Retained earnings also turned positive, reaching $142.6 million in Q2 2026 compared with a deficit of $551.9 million in Q1 2024.
Debt has declined over the longer term: Total short- and long-term debt was approximately $1.50 billion in Q2 2026, down from more than $2.0 billion in Q1 2024 and approximately $1.86 billion in Q2 2023.
Recent cash position improved: Cash and equivalents increased to $223.6 million at June 30, 2026, from $120.0 million at the end of Q1 2026. The company also reported a $108.1 million quarterly increase in cash and equivalents.
Expansion requires substantial investment: Net property, plant and equipment increased from approximately $2.96 billion in Q1 2023 to $3.81 billion in Q2 2026. This may support future revenue growth, but returns will depend on new and renovated locations generating sufficient member demand.
Reported comparisons include restatements: Several 2024 and 2025 income statement and cash-flow figures were restated in later filings, so investors should rely on the latest comparative disclosures when evaluating year-over-year trends.
Liquidity remains relatively tight: Q2 2026 current assets of $436.1 million were below current liabilities of $663.6 million, implying a current ratio of approximately 0.66. The company therefore relies heavily on operating cash flow and continued access to financing.
Capital spending can exceed internally generated cash: Life Time spent $263.3 million on property, plant and equipment in Q2 2026, compared with $209.6 million of operating cash flow. Continued expansion could pressure free cash flow if spending remains elevated.

Overall, the statements show a company with strong top-line momentum, rising margins, positive earnings and improving retained earnings. The principal risks are the company’s substantial fixed-asset investment, below-1.0 current ratio and continued debt burden. Investors should monitor whether operating cash flow continues to grow faster than capital expenditures and whether future expansion produces adequate returns.

09/01/26 02:57 PM ETAI Generated. May Contain Errors.

Life Time Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Life Time Group's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Life Time Group's net income appears to be on a downward trend, with a most recent value of $373.67 million in 2025, rising from $30.05 million in 2019. The previous period was $156.24 million in 2024. See where experts think Life Time Group is headed by visiting Life Time Group's forecast page.

Life Time Group's total operating income in 2025 was $481.29 million, based on the following breakdown:

Total Gross Profit: $1.43 billion
Total Operating Expenses: $945.35 million

Over the last 6 years, Life Time Group's total revenue changed from $1.90 billion in 2019 to $3.00 billion in 2025, a change of 57.6%.

Life Time Group's total liabilities were at $4.88 billion at the end of 2025, a 7.5% increase from 2024, and a 7.6% increase since 2020.

In the past 5 years, Life Time Group's cash and equivalents has ranged from $10.88 million in 2024 to $204.81 million in 2025, and is currently $204.81 million as of their latest financial filing in 2025.

Over the last 6 years, Life Time Group's book value per share changed from 0.00 in 2019 to 14.18 in 2025, a change of 1,417.7%.

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Financial statements for NYSE:LTH last updated on 7/30/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Life Time Group (LTH) Financials

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Life Time Group (LTH) Financials

Annual Income Statements for Life Time Group

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Quarterly Cash Flow Statements for Life Time Group

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Quarterly Metrics And Ratios for Life Time Group

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Life Time Group Financials - Frequently Asked Questions

When does Life Time Group's financial year end?

How has Life Time Group's net income changed over the last 6 years?

What is Life Time Group's operating income?

How has Life Time Group's revenue changed over the last 6 years?

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