v3.26.1
Earnings per share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings per share Earnings per share
Basic earnings per share of Class A common stock is computed by dividing net income attributable to Planet Fitness, Inc. by the weighted-average number of shares of Class A common stock outstanding. Diluted earnings per share of Class A common stock is computed by dividing net income attributable to Planet Fitness, Inc. by the weighted-average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive securities.
Shares of the Company’s Class B common stock do not share in the earnings attributable to Planet Fitness, Inc. and are therefore not participating securities. As such, separate presentation of basic and diluted earnings per share of Class B common stock under the two-class method has not been presented. Shares of the Company’s Class B common stock are, however,
considered potentially dilutive shares of Class A common stock because shares of Class B common stock, together with the related Holdings Units, are exchangeable into shares of Class A common stock on a one-for-one basis.
The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings per share of Class A common stock:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands, except share and per share amounts)
2026202520262025
Numerator
Net income$67,404 $58,295 $119,200 $100,374 
Less: net income attributable to non-controlling interests322 276 564 488 
Net income attributable to Planet Fitness, Inc.$67,082 $58,019 $118,636 $99,886 
Denominator
Weighted-average shares of Class A common stock outstanding - basic77,030,275 83,861,016 78,295,667 84,014,883 
Effect of dilutive securities:
Stock options21,742 40,219 25,746 40,478 
Restricted stock units56,090 110,414 80,622 117,345 
Performance stock units37,675 53,579 53,009 59,830 
Weighted-average shares of Class A common stock outstanding - diluted77,145,782 84,065,228 78,455,044 84,232,536 
Earnings per share of Class A common stock - basic$0.87 $0.69 $1.52 $1.19 
Earnings per share of Class A common stock - diluted$0.87 $0.69 $1.51 $1.19 
The number of weighted-average common stock equivalents excluded from the computation of diluted net income per share because the effect would have been anti-dilutive were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Class B common stock
316,128 332,799 316,128 337,295 
Restricted stock units91,300 248 1,956 165 
Performance stock units78,019 248 5,753 165 
Total
485,447 333,295 323,837 337,625