Q4 2025 Life Time Group Holdings Inc Earnings Call Transcript
Key Points
- Total revenue increased by 12.3% in Q4 2025, reaching $745 million, driven by higher average dues and increased utilization of in-center businesses.
- Net income for Q4 2025 rose by 231% to $123 million, benefiting from tax-affected items and adjustments.
- Adjusted EBITDA for Q4 2025 increased by 14.5% to $203 million, with a margin improvement of 50 basis points to 27.2%.
- Life Time Group Holdings Inc (LTH) announced a $500 million share repurchase program, reflecting confidence in their business model.
- The company plans to open up to 28 new clubs across 2026 and 2027, funded primarily through operating cash flow and sale-leaseback proceeds.
- The outperformance from mature clubs is largely complete, indicating potential slower growth in 2026.
- Increased growth capital expenditures are expected in 2026, with over half allocated for clubs opening in 2027 and beyond.
- The company anticipates a decrease in comparable center revenue growth to 6.3% to 7.3% in 2026, down from 11.1% in 2025.
- Higher interest expenses are expected to be capitalized in 2026, ranging between $33 million and $35 million.
- The company faces ongoing challenges with managing labor and supply cost increases, although they have been factored into the 2026 budget.
Greetings and welcome to the Life Time Group Holdings Inc. Q4 and full year 2025 earnings conference call. (Operator Instructions). Please note, this conference is being recorded.
I will now turn the conference over to Connor Wienberg, SVP of Treasury and IR. Thank you Connor, you may begin.
Good morning. Thank you for joining us for the fourth quarter and full year 2025 Life Time Group Holdings Earnings Conference Call. With me today are Bahram Akradi, Founder, Chairman and CEO, and Erik Weaver, Executive Vice President and CFO.
During the call, we will make forward-looking statements, which involve a number of risks and uncertainties that may cause actual results to differ materially from those forward-looking statements made today. There is a comprehensive discussion of risk factors in the company's SEC filings, which you are encouraged to review.
The company will also discuss certain non-GAAP financial measures, including
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