v3.26.1
Revenue
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Revenue associated with our membership dues, enrollment fees, and certain services from our in-center businesses is recognized over time as earned. Revenue associated with products and services offered in our cafes and spas, as well as through e-commerce, is recognized at a point in time. The following is a summary of revenue, by major revenue stream, that we recognized during the three months ended March 31, 2026 and 2025:
Three Months Ended
March 31,
2026
2025
Membership dues and enrollment fees
$
561,454 
$
501,653 
In-center revenue
206,112 
184,001 
Total center revenue
767,566 
685,654 
Other revenue
21,134 
20,387 
Total revenue
$
788,700 
$
706,041 
The timing associated with the revenue we recognized during the three months ended March 31, 2026 and 2025 is as follows:
Three Months Ended March 31, 2026
Three Months Ended March 31, 2025
Center
Revenue
Other
Revenue
Total
Revenue
Center
Revenue
Other
Revenue
Total
Revenue
Services transferred over time
$
689,268
$
20,928
$
710,196
$
612,517
$
20,387
$
632,904
Goods and services transferred at a point in time
78,298
206
78,504
73,137
—
73,137
Total revenue
$
767,566
$
21,134
$
788,700
$
685,654
$
20,387
$
706,041
Contract liabilities
Contract liabilities, which represent payments or consideration received in advance for goods or services that we have not yet transferred to the customer, consisted of the following:
March 31,
2026
December 31,
2025
Classification in Condensed
Consolidated Balance Sheets
Contract liabilities - current
$
63,250 
$
60,309 
Deferred revenue
Contract liabilities - long-term
26 
41 
Other liabilities
Total contract liabilities
$
63,276 
$
60,350 
Contract liabilities consist primarily of deferred revenue for fees collected in advance for Dynamic Personal Training, media and athletic events, enrollment fees, other in-center service offerings and membership dues. The following table reflects the change in contract liabilities for the three months ended March 31, 2026:
Amount
Total contract liabilities balance at December 31, 2025
$
60,350 
Revenue recognized that was included in contract liabilities at the beginning of the year
(40,193)
Increase, excluding amounts recognized as revenue during the period
43,119 
Total contract liabilities balance at March 31, 2026
$
63,276