Beachbody Reports $54.3 Million Revenue, 25% Decrease, but Achieves Profitability

The Beachbody Company, Inc. reported a total revenue of $54.3 million for the three months ended March 31, 2026, marking a 25% decrease from $72.4 million in the same period last year. The decline was primarily driven by a 22% drop in digital revenue, which fell to $33.6 million from $42.9 million, and a 28% decrease in nutrition and other revenue, which decreased to $20.7 million from $28.7 million. The company ceased its connected fitness product sales in early 2025, resulting in a complete loss of that revenue stream. Despite the revenue decline, Beachbody achieved a gross profit of $39.0 million, with a gross margin of 71.8%, an increase of 60 basis points compared to the previous year.

In terms of profitability, Beachbody reported an operating income of $3.1 million, a significant turnaround from an operating loss of $3.7 million in the prior year. The net income for the quarter was $2.3 million, compared to a net loss of $5.7 million in the same quarter of 2025. This marks the third consecutive quarter of profitability for the company. Adjusted net income also improved to $2.5 million from a loss of $5.1 million, while Adjusted EBITDA rose to $8.0 million from $3.7 million in the previous year.

Operationally, Beachbody's digital subscriptions saw a decline, with average digital subscriptions decreasing by 21% year-over-year. The company reported a daily active user (DAU) to monthly active user (MAU) ratio of 33.1%, indicating a slight increase in engagement compared to 32.5% in the prior year. The company continues to focus on its digital platform, BODi, which offers a range of fitness and nutrition programs. The company has also made strategic changes, transitioning from a multi-level marketing model to a single-level affiliate model, which is expected to streamline operations and reduce costs.

On the balance sheet, Beachbody's total assets decreased to $143.1 million from $147.0 million at the end of 2025, while total liabilities also fell to $108.8 million from $115.7 million. The company’s cash and cash equivalents stood at $36.6 million, down from $39.0 million at the end of the previous year. The company has been actively managing its liquidity, and as of March 31, 2026, it was in compliance with its financial covenants under its Asset-Based Lending (ABL) facility. Looking ahead, Beachbody anticipates that its ongoing cost control initiatives and existing cash reserves will provide sufficient liquidity to support operations for at least the next twelve months.