v3.26.1
Revenue
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2026 and 2025:
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Membership dues and enrollment fees
$
597,244 
$
527,309 
$
1,158,698
$
1,028,962
In-center revenue
240,158 
208,556 
446,270
392,557
Total center revenue
837,402 
735,865 
1,604,968
1,421,519
Other revenue
28,594 
25,604 
49,728
45,991
Total revenue
$
865,996 
$
761,469 
$
1,654,696
$
1,467,510
The timing associated with the revenue we recognized during the three months ended June 30, 2026 and 2025 is as follows:
Three Months Ended June 30, 2026
Three Months Ended June 30, 2025
Center
Revenue
Other
Revenue
Total
Revenue
Center
Revenue
Other
Revenue
Total
Revenue
Services transferred over time
$
741,841
$
27,917
$
769,758
$
651,288
$
25,604
$
676,892
Goods and services transferred at a point in time
95,561
677
96,238
84,577
84,577
Total revenue
$
837,402
$
28,594
$
865,996
$
735,865
$
25,604
$
761,469
The timing associated with the revenue we recognized during the six months ended June 30, 2026 and 2025 is as follows:
Six Months Ended June 30, 2026
Six Months Ended June 30, 2025
Center
Revenue
Other
Revenue
Total
Revenue
Center
Revenue
Other
Revenue
Total
Revenue
Services transferred over time
$
1,431,109
$
48,845
$
1,479,954
$
1,263,805
$
45,991
$
1,309,796
Goods and services transferred at a point in time
173,859
883
174,742
157,714
157,714
Total revenue
$
1,604,968
$
49,728
$
1,654,696
$
1,421,519
$
45,991
$
1,467,510
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:
June 30,
2026
December 31,
2025
Classification in Condensed
Consolidated Balance Sheets
Contract liabilities - current
$
57,994 
$
60,309 
Deferred revenue
Contract liabilities - long-term
49 
41 
Other liabilities
Total contract liabilities
$
58,043 
$
60,350 
Contract liabilities consist primarily of deferred revenue for fees collected in advance for Dynamic Personal Training, media and athletic events, other in-center service offerings, membership dues and enrollment fees. The following table reflects the change in contract liabilities for the six months ended June 30, 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
(52,013)
Increase, excluding amounts recognized as revenue during the period
49,706 
Total contract liabilities balance at June 30, 2026
$
58,043