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NYSE · Communication Services

Planet Fitness, Inc. (PLNT)

As-reported financials and SEC filings for Planet Fitness, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Planet Fitness, Inc.

Planet Fitness, Inc. operates a large network of fitness centers primarily through a franchise model, serving approximately 20.8 million members across nearly 2,900 clubs worldwide. The company offers affordable gym memberships starting at $15 per month, providing access to cardio and strength-training equipment in a welcoming, non-intimidating environment called the Judgement Free Zone. Planet Fitness targets a broad demographic, including beginners and athletes, with locations in the U.S., Canada, Mexico, Australia, Spain, and other markets.

Snapshot

Revenue
$1.32B
Revenue growth (YoY)
12.1%
Net income
$219.1M
Diluted EPS
—
Gross margin
82.6%
Operating margin
29.8%
Net margin
16.5%
FCF margin
19.2%
ROE
—
net income / fiscal-year-end equity
P/E
16.1×
trailing when available, otherwise FY EPS
Market cap
$3.60B
Long-term debt / equity
—
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Planet Fitness

  • Revenue grew 12.1% to $1.3B in FY2025, in line with the 10.3% the year before.
  • Operating margin is 29.8% in FY2025, +5.4 pp against 24.4% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $365M, up 7.1% from Q2 FY2025.
  • Free cash flow was $255M in FY2025, 19.2% of revenue.
  • Net income rose 27.4% to $219M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Planet Fitness’s fundamentals sit among the 213 Communication Services companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin82.6%
96th percentile of 102
Operating margin29.8%
98th percentile of 182
Net margin16.5%
93rd percentile of 188
FCF margin19.2%
86th percentile of 162
Revenue growth (YoY)+12.1%
70th percentile of 206
P/E16.1×
37th percentile of 79
Short interest2.61d
32nd percentile of 212

Planet Fitness’s operating margin of 29.8% ranks in the 98th percentile of the 182 Communication Services companies reporting it. Planet Fitness’s gross margin of 82.6% ranks in the 96th percentile of the 102 Communication Services companies reporting it. Planet Fitness’s net margin of 16.5% ranks in the 93rd percentile of the 188 Communication Services companies reporting it.

2 reported insider purchases (code P) totaling $612,059 in the last 90 days, against 1 sale totaling $358,540. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+6 quant / multi-strat
Initiated / added
8
3 new, 5 added
Reduced / exited
1
1 trimmed, 0 exited
Combined position
$609.8M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$137.7M2.6MAdded
D. E. ShawquantQ2 2026$127.8M2.5MAdded
Corvex ManagementQ2 2026$98.8M1.9MNew
Millennium ManagementquantQ2 2026$93.8M1.8MAdded
Gotham Asset ManagementQ2 2026$68.8M1.3MAdded
Citadel AdvisorsquantQ2 2026$46.9M899.5KAdded
Point72 Asset ManagementquantQ2 2026$34.3M656.6KReduced
Bridgewater AssociatesQ2 2026$1.2M23.5KNew
Two Sigma InvestmentsquantQ2 2026$412,5087.9KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4. Multiple insiders have bought recently (a cluster buy).

Buys (90d)
2
2 insiders
Bought (90d)
$612K
code P value
Sells (90d)
1
$359K
Reported activity
Cluster buy
≥2 insiders buying
Trade dateInsiderTypeSharesPriceValue
2026-09-14
filed 2026-09-16
William BodeChief Operating OfficerSell7.0K$51.22$359K
2026-09-14
filed 2026-09-16
Christopher TancoDirectorBuy2.3K$51.23$119K
2026-08-10
filed 2026-08-11
Stephen Spinelli Jr.DirectorBuy10.0K$49.28$493K
2026-05-12
filed 2026-05-14
Colleen KeatingChief Executive OfficerBuy5.0K$49.54$248K
2026-05-08
filed 2026-05-11
Frances G. RathkeDirectorBuy5.0K$46.21$231K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
9.6M
settled 2026-09-30
Change vs prior
+20.7%
vs previous settlement
Days to cover
2.61
at avg daily volume
Avg daily volume
3.7M
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-309.6M+20.7%2.61
2026-09-158.0M+7.8%5.16
2026-08-317.4M+10.7%4.16
2026-08-146.7M-8.6%2.57
2026-07-317.3M-21.4%3.82
2026-07-159.3M+3.8%6.09
2026-06-308.9M+21.4%4.68
2026-06-157.4M+9.3%3.76

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$1.32B$1.18B$1.07B$936.8M$587.0M
Gross profit
Operating income$394.7M$324.2M$272.9M$230.1M$143.4M
Net income$219.1M$172.0M$138.3M$99.4M$42.8M
Diluted EPS—————

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$345.7M$293.1M$275.8M$409.8M$545.9M
Current assets$658.4M$588.0M$471.8M$555.5M$662.4M
Total assets$3.10B$3.07B$2.97B$2.85B$2.02B
Current liabilities$312.5M$282.5M$251.3M$244.5M$176.6M
Long-term debt$2.46B$2.15B$1.96B$1.98B$1.74B
Total liabilities
Total equity$-483.4M$-215.4M$-119.0M$-211.6M$-642.8M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$418.4M$343.9M$330.3M$240.2M$189.3M
Capital expenditure$163.7M$155.1M$136.0M$100.1M$54.1M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$365.2M7.1%$67.1M—
Q1 FY2026$337.2M21.9%$51.6M—
Q4 FY202510.5%—
Q3 FY2025$330.3M13.0%$58.8M—
Q2 FY2025$340.9M13.3%$58.0M—
Q1 FY2025$276.7M11.5%$41.9M—
Q4 FY202419.4%—
Q3 FY2024$292.2M5.3%$42.0M—

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorCommunication Services
SIC industryServices-Membership Sports & Recreation Clubs
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2015
SEC CIK1637207

Selected SEC filings

10-Q2026-08-06
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-06-25
View on EDGAR →
8-K2026-05-11
View on EDGAR →
8-K2026-05-07
View on EDGAR →

Largest Communication Services peers

All Communication Services companies →

PLNT head to head

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.