Life Time Group Holdings, Inc. reported a significant increase in financial performance for the first quarter of 2026, with total revenue reaching $788.7 million, up from $706.0 million in the same period last year, marking a 11.7% increase. Center revenue, which constitutes the bulk of the company's income, rose to $767.6 million, compared to $685.7 million in the prior year, driven by higher membership dues and increased utilization of in-center services. Net income also saw a notable rise, reaching $88.1 million, up from $76.1 million, resulting in a diluted earnings per share of $0.39, compared to $0.34 in the previous year.
The company experienced a 15.5% increase in operating expenses, totaling $653.9 million, primarily due to costs associated with new and ramping centers, as well as increased operational expenses linked to higher club utilization. Notably, interest expenses decreased significantly to $15.7 million from $25.1 million, attributed to lower average borrowings and favorable interest rate swaps. The effective tax rate for the quarter was 26.1%, up from 7.8% in the previous year, reflecting increased earnings before taxes.
Life Time's strategic initiatives included the opening of five new centers in 2026, with plans to average 12 to 14 new centers annually. The company is focusing on an asset-light expansion model, targeting affluent markets to enhance revenue per membership. As of March 31, 2026, Life Time operated 190 centers across 31 states and one Canadian province, serving nearly 1.6 million individual members. The average revenue per center membership increased to $930, up from $844, indicating improved membership dynamics and engagement.
Operationally, Life Time reported nearly 32 million visits to its clubs during the quarter, reflecting a strong engagement level with an average of 39 visits per membership. The company is also enhancing its digital platform, which includes live streaming fitness classes and personalized health recommendations through artificial intelligence. This digital expansion aims to strengthen member relationships and broaden the company's reach.
Looking ahead, Life Time remains optimistic about its growth trajectory, anticipating continued revenue increases as new centers ramp up and membership dues rise. The company plans to maintain its focus on strategic initiatives that enhance member experiences and integrate health and wellness into daily life. Despite macroeconomic uncertainties, Life Time's management believes the business is resilient and well-positioned for future growth.
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.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.