v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 298,265 $ 345,652
Restricted cash 72,945 66,304
Short-term marketable securities 102,493 106,761
Accounts receivable, net of allowances for uncollectible amounts of $35 and $428 as of June 30, 2026 and December 31, 2025, respectively 65,618 70,431
Inventory 9,221 7,581
Restricted assets - national advertising fund 9,556 0
Prepaid expenses 24,686 24,605
Other receivables 43,513 34,094
Income tax receivable and prepayments 1,790 2,958
Total current assets 628,087 658,386
Long-term marketable securities 70,671 88,263
Investments, net of allowance for expected credit losses of $25,447 and $24,424 as of June 30, 2026 and December 31, 2025, respectively 56,500 69,700
Property and equipment, net of accumulated depreciation of $509,156 and $453,852, as of June 30, 2026 and December 31, 2025, respectively 466,465 466,747
Right-of-use assets, net 404,678 409,320
Intangible assets, net 270,370 286,409
Goodwill 712,331 712,450
Deferred income taxes 376,658 406,724
Other assets, net 19,185 5,396
Total assets 3,004,945 3,103,395
Current liabilities:    
Current maturities of long-term debt 25,750 23,875
Borrowings under Variable Funding Notes 75,000 0
Accounts payable 52,186 39,683
Accrued expenses 63,385 75,371
Equipment deposits 7,305 10,165
Deferred revenue, current 80,852 58,593
Payable pursuant to tax benefit arrangements, current 38,441 55,518
Other current liabilities 53,595 49,285
Total current liabilities 396,514 312,490
Long-term debt, net of current maturities 2,448,282 2,458,379
Lease liabilities, net of current portion 415,568 419,120
Deferred revenue, net of current portion 30,217 29,657
Deferred tax liabilities 968 1,177
Payable pursuant to tax benefit arrangements, net of current portion 322,925 360,273
Other liabilities 5,209 5,677
Total noncurrent liabilities 3,223,169 3,274,283
Commitments and contingencies (Note 12)
Stockholders’ equity (deficit):    
Additional paid in capital 630,297 623,333
Accumulated other comprehensive (loss) income (836) 1,311
Accumulated deficit (1,242,206) (1,107,429)
Total stockholders’ deficit attributable to Planet Fitness, Inc. (612,737) (482,777)
Non-controlling interests (2,001) (601)
Total stockholders’ deficit (614,738) (483,378)
Total liabilities and stockholders’ deficit 3,004,945 3,103,395
Class A common stock    
Stockholders’ equity (deficit):    
Common stock, value 8 8
Class B common stock    
Stockholders’ equity (deficit):    
Common stock, value $ 0 $ 0