10-Q · May 5, 2026
Life Time Group Holdings, Inc. reported Q1 2026 results, achieving revenue of $788.7 million and EPS of $0.39, both surpassing expectations. The company improved its full-year revenue outlook due to strong membership…
Earnings analysis · 10-Q
LTH earnings analysis
Filed October 29, 2026 · Our reading of the company's report
The latest report
Life Time delivered a strong Q3, with revenue of $893.5 million and diluted EPS of $0.46 beating consensus by $18.3 million and $0.02, respectively. Adjusted EBITDA increased 16.5% to $256.3 million, and management…
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Life Time delivered a strong Q3, with revenue of $893.5 million and diluted EPS of $0.46 beating consensus by $18.3 million and $0.02, respectively. Adjusted EBITDA increased 16.5% to $256.3 million, and management raised its 2026 revenue, comparable-center growth, and adjusted EBITDA outlook. Liquidity remains solid with no revolver borrowings and $632.9 million of availability, although potential interest-rate sensitivity and the pending digital leadership transition remain watch items. The 10-Q states that there were no material changes to previously disclosed risk factors.
Reported figures
- Earnings per share
- $0.46
What stood out
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Revenue and EPS beat consensus
Q3 revenue was $893.5 million and diluted EPS was $0.46, exceeding consensus estimates of $875.2 million and $0.44 by $18.3 million and $0.02, respectively.
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Adjusted EBITDA grew 16.5%
Adjusted EBITDA increased 16.5% to $256.3 million, according to the accompanying earnings disclosure, supported by higher memberships and revenue per membership.
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Full-year outlook raised
The company raised 2026 revenue guidance to $3,380-$3,390 million from $3,350-$3,375 million and adjusted EBITDA guidance to $958-$962 million from $940-$955 million.
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Revolver remains undrawn
The company had no outstanding borrowings under its Revolving Credit Facility at September 30, 2026, with $632.9 million of availability after $17.1 million of outstanding letters of credit.
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Controls remained effective
Disclosure controls were assessed as effective at a reasonable assurance level, and the company reported no changes in internal control over financial reporting that materially affected, or were reasonably likely to materially affect, controls.
What to watch
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Potential interest-rate exposure
Assuming the Revolving Credit Facility is fully drawn, a 1 percentage-point change in interest rates would change annual interest expense by approximately $6.5 million. The facility had $0 of borrowings at September 30, 2026, limiting current exposure but leaving potential future sensitivity.
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Chief digital officer transition
Executive Vice President and Chief Digital Officer RJ Singh intends to retire effective December 31, 2026. The company has initiated a successor search, while Singh is expected to provide consulting services through March 1, 2029, creating a digital leadership-transition risk.
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No new formal risk-factor changes
The company disclosed no material changes to the risk factors in its 2025 Form 10-K. Separately, the company reported $17.1 million of outstanding letters of credit against the Revolving Credit Facility, reducing availability to $632.9 million.
Management's outlook
The 10-Q does not provide an EPS outlook. The accompanying quarterly earnings disclosure raised 2026 revenue guidance to $3,380-$3,390 million from $3,350-$3,375 million, comparable-center revenue growth guidance to 8.5%-8.7% from 7.9%-8.3%, and adjusted EBITDA guidance to $958-$962 million from $940-$955 million.
Earlier filings 1
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.