BODI
The Beachbody Company, Inc.10.68
+0.35+3.39%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
75.70MP/E (TTM)
-Basic EPS (TTM)
-6.22Dividend Yield
0%Recent Filings
10-K
FY2025 results
Beachbody swung to its first full-year operating profit of $5.5M in FY2025 ended December 31, 2025, despite revenue plunging 40% y/y to $251.7M on the Pivot's MLM-to-affiliate shift that axed Partner/preferred customer fees after November 2024; digital revenue fell 32% to $153.3M with subscriptions dipping to 0.87M (18% fewer average subs), yet gross margins leaped 440bps to 73.0% via slashed costs. Q4 momentum shone in retention holding 96.9% and DAU/MAU edging to 31.8%, while streams dropped to 72.5M; nutrition sales cratered 48% sans fees, but Amazon ramped. Free cash flow roared $17.4M; ABL debt refinanced at lower rates with $39M cash. Shakeology hits retail H1 2026. Yet litigation shadows quarterly momentum.
8-K
Q4 profit amid revenue drop
Beachbody swung to Q4 net income of $5.2M and operating income of $8.2M, despite revenue dropping 36% to $55.5M from $86.4M, thanks to slashed operating expenses and no goodwill impairment. Full-year revenue fell 40% to $251.7M, yet it posted first operating income since 2021 at $5.5M, positive free cash flow of $17.4M, and cash at $39M. Q1 2026 guides revenue $49-54M.
8-K
Beachbody eases debt covenants
Beachbody amended its credit agreement with Tiger Finance on January 7, 2026, eliminating the capex covenant while hiking minimum liquidity to $15M from $12M. Billings and digital subs covenants now trigger only if cash dips below $4.6M for 60 days; subs threshold drops to 700K from 850K, adding a 1.10x billings fixed charge ratio test then. Rates stick at SOFR+9% until 2026-end. Lenders eased terms amid BODi's $34M cash pile.
8-K
First profitable quarter since 2021
Beachbody swung to its first net income of $3.6 million and operating income of $5.0 million in Q3 2025, despite revenue dropping 41% to $59.9 million from $102.2 million, thanks to 75% gross margins and slashed operating expenses. Eighth straight positive Adjusted EBITDA quarter at $9.5 million. Guides Q4 revenue $50-57 million.
10-Q
Q3 FY2025 results
Beachbody swung to $4.0M operating income and $3.6M net income in Q3 ended September 30, 2025, from prior-year operating loss of $13.0M and net loss of $12.0M, as revenue fell 41% y/y to $59.9M (digital -32%, nutrition/other -50%) yet gross margin jumped to 74.6% from 67.3% on sharp cost cuts. Selling/marketing plunged 58% y/y, driving profitability while digital subscriptions held at 0.90M. Cash climbed to $33.9M with $16.8M YTD operating cash flow; free cash flow not disclosed in the 10-Q. $25M ABL debt (15.2% effective rate, matures 2028) carries covenant risks, with anticipated violations looming absent amendment. First profitable quarter. Debt covenant breach ahead.
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