Life Time Group Holdings, Inc. reported significant financial growth in its latest quarterly results, with total revenue reaching $782.6 million for the three months ended September 30, 2025, a 12.9% increase from $693.2 million in the same period last year. For the nine months ended September 30, 2025, total revenue was $2.25 billion, up 14.9% from $1.96 billion in the prior year. The company attributed this growth primarily to increased membership dues and in-center revenue, which rose to $547.3 million and $213.6 million, respectively, for the third quarter. Net income for the quarter was $102.4 million, compared to $41.4 million in the previous year, reflecting a net income margin of 13.1%.
The company also reported a notable increase in its customer base, with total memberships reaching 891,225, up from 876,509 a year earlier. The average revenue per center membership increased to $2,638 for the nine months ended September 30, 2025, compared to $2,361 in the same period last year. Life Time operated 185 centers across 31 states and one Canadian province as of September 30, 2025, with plans to expand further, targeting 12 to 14 new locations annually starting in 2026.
Operationally, Life Time has focused on enhancing its service offerings, including the introduction of new programs such as Dynamic Personal Training and the expansion of its digital platform. The company has also engaged in strategic asset-light growth, utilizing sale-leaseback transactions to fund new center developments. During the nine months ended September 30, 2025, Life Time completed capital expenditures of $586.9 million, a significant increase from $388.2 million in the prior year, primarily driven by new center construction and modernization efforts.
The company’s balance sheet showed total assets of $7.83 billion as of September 30, 2025, up from $7.15 billion at the end of 2024. Cash and cash equivalents increased to $218.9 million, compared to $10.9 million at the end of the previous year. Life Time's long-term debt decreased slightly to $1.49 billion from $1.51 billion, reflecting improved financial management and reduced interest expenses due to lower average borrowing costs.
Looking ahead, Life Time remains optimistic about its growth trajectory, driven by ongoing expansion plans and a commitment to enhancing member experiences. The company anticipates continued revenue growth as it opens new centers in affluent markets and leverages its digital capabilities to reach a broader audience. Life Time's strategic initiatives, including the integration of health and wellness into daily life through its various offerings, position it well for future success in the competitive fitness and wellness industry.
About Life Time Group Holdings, Inc.
Life Time Group Holdings, Inc. operates as a premium health, fitness, and wellness company offering resort-like athletic country clubs across North America. Its core business includes memberships, digital health services, and community events. The company emphasizes high-quality amenities, personalized programs, and an asset-light expansion model in affluent markets, delivering a holistic "Healthy Way of Life" experience to a diverse, affluent customer base.
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