Property and Equipment |
9 Months Ended |
|---|---|
Sep. 30, 2025 | |
| Property, Plant and Equipment [Abstract] | |
| Property and Equipment | Property and EquipmentIn January 2025, we entered into a purchase agreement to acquire existing health club and racquet facilities. The acquisition was consummated during April 2025 for a total purchase price of $59.7 million, of which $19.3 million was paid in cash, $39.7 million was paid through the issuance of unregistered shares of the Company’s common stock and $0.7 million represents liabilities we assumed. We accounted for this transaction as an asset acquisition and allocated the entire purchase price to property and equipment. Accordingly, the $19.3 million we paid in cash in connection with this acquisition during the nine months ended September 30, 2025 is included in Capital expenditures in our consolidated statement of cash flows. |