Reported Q: Q1 2025 Rev YoY: +18.3% EPS YoY: +176.9% Move: +0.61%
Life Time Group Holdings
LTH
$26.58 0.61%
Exchange NYSE Sector Consumer Cyclical Industry Leisure
Q1 2025
Published: May 8, 2025

Company Status Snapshot

Fast view of the latest quarter outcome for LTH

Reported

Report Date

May 8, 2025

Quarter Q1 2025

Revenue

706.04M

YoY: +18.3%

EPS

0.34

YoY: +176.9%

Market Move

+0.61%

Previous quarter: Q4 2024

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Earnings Highlights

  • Revenue of $706.04M up 18.3% year-over-year
  • EPS of $0.34 increased by 176.9% from previous year
  • Gross margin of 47.5%
  • Net income of 76.14M
  • "After a strong first quarter, we have deleveraged our balance sheet to a net debt leverage ratio of 2.0 times." - Erik Weaver
LTH
Company LTH

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Executive Summary

Life Time Group Holdings delivered a robust start to fiscal 2025 with Q1 revenue of $706.0 million, up 18.3% year over year, driven by a 17.9% increase in membership dues/enrollment fees and an 18.7% rise in incentive revenue. Management highlighted strong performance from clubs opened in the last 12 months and accelerated comparable center revenue (12.9% in the quarter, up from 11.1% in the prior year). The company raised its full-year guidance for comparable center revenue to 8.5%-9.5% as it normalizes toward long-term targets, supported by higher dues, new member mix at higher rates, and solid in-center activity, particularly dynamic personal training. Net income surged to $76.1 million, +206% YoY, with adjusted EBITDA of $191.6 million, up 31.2% YoY, and an EBITDA margin of 27.1% (+260 bps vs. 1Q24). Free cash flow remained positive for the fourth consecutive quarter (~$41 million), aided by stable working capital timing and a fixed-rate interest backdrop. Operating cash flow was ~$184 million, and net debt leverage improved to 2.0x, aided by a deliberate balance-sheet strategy including a planned $150 million sale-leaseback, expected to close in Q2. The growth agenda remains anchored in 10-12 new clubs annually, bolstered by LT Digital, LT Health (LTH), and Miura, with the company pursuing a strong double-B rating and continued deleveraging discipline. Management cautions a constructive but guarded view on macro volatility and tariff developments but asserts a resilient operating model capable of delivering growth in either favorable or challenged macro environments.

Key Performance Indicators

Revenue
Increasing
706.04M
QoQ: 6.45% | YoY: 18.32%
Gross Profit
Increasing
335.05M
47.46% margin
QoQ: -42.64% | YoY: 73.43%
Operating Income
Increasing
107.67M
QoQ: 23.79% | YoY: 49.42%
Net Income
Increasing
76.14M
QoQ: 104.89% | YoY: 205.58%
EPS
Increasing
0.36
QoQ: 100.00% | YoY: 176.92%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2025 706.04 0.34 +18.3% View
Q4 2024 663.28 0.17 +18.7% View
Q3 2024 693.23 0.19 +18.5% View
Q2 2024 667.76 0.26 +18.9% View
Q1 2024 596.72 0.12 +16.8% View