10-Q · May 7, 2026
Planet Fitness reported Q1 2026 revenue of $337.2 million, a 21.9% increase compared to the same period last year, with EPS coming in at $0.74, beating expectations by $0.11. Despite significant revenue growth,…
Earnings analysis · 10-Q
PLNT earnings analysis
Filed November 5, 2026 · Our reading of the company's report
The latest report
Planet Fitness delivered $359.977 million of Q3 revenue, up 9.1% year over year but down 1.4% sequentially, while GAAP diluted EPS was $0.70 versus $0.87 in Q2 2026. Adjusted EPS of $0.83 exceeded the $0.80 consensus…
Read full summary
Planet Fitness delivered $359.977 million of Q3 revenue, up 9.1% year over year but down 1.4% sequentially, while GAAP diluted EPS was $0.70 versus $0.87 in Q2 2026. Adjusted EPS of $0.83 exceeded the $0.80 consensus estimate. The supplied 10-Q text does not provide balance-sheet, cash-flow, segment, margin, or quantitative guidance details, and it reports 0 material changes to the previously disclosed risk factors.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.7
What stood out
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Revenue grew 9.1% year over year
Q3 revenue was $359.977 million, up from $330 million in Q3 2025, a 9.1% year-over-year increase, but down from $365 million in Q2 2026, a 1.4% sequential decline.
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GAAP EPS fell sequentially
GAAP diluted EPS was $0.70, versus $0.70 in Q3 2025 and $0.87 in Q2 2026, indicating flat year-over-year performance and a 19.5% sequential decline.
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Adjusted EPS beat consensus
Adjusted diluted EPS was $0.83 versus the $0.80 consensus estimate, a $0.03 beat or 3.75%, according to the accompanying earnings data.
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Share repurchases continued
The company repurchased 1,028,217 shares during August 2026 at an average price of $48.63 per share; $199,973,567 remained available under the repurchase authorization at September 30, 2026.
What to watch
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Repurchases consume liquidity
The company repurchased 1,028,217 shares for approximately $49.999 million based on the disclosed 1,028,217 shares at $48.63 per share, while $199,973,567 remained available under the program, creating an ongoing use of liquidity.
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No new risk-factor updates
The filing states there were 0 material changes to the risk factors disclosed in the 2025 Form 10-K, so the 10-Q provides no new quantified risk disclosures.
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Litigation exposure remains
The company is involved in various ordinary-course claims and legal actions and states that a significant increase in claims or amounts owed could materially affect results; no dollar loss estimate was disclosed.
Management's outlook
The supplied 10-Q text does not include quantitative revenue, EPS, or operating guidance. Prior outlook changes were disclosed in the November 5, 2026 8-K rather than the supplied 10-Q text.
Earlier filings 4
10-K · February 25, 2026
Planet Fitness positions itself as a low-cost, high-scale franchisor focused on the “Judgement Free Zone” experience and rapid unit growth driven by franchise partners. In 2025 the company recorded revenues of $1.3…
10-Q · November 7, 2025
Planet Fitness reported Q3 revenue of $330.345M, up 13.0% year-over-year, with income from operations of $107.068M and diluted EPS of $0.70 (vs. $0.50 prior year). Corporate and franchise segments all grew, equipment…
10-Q · May 9, 2025
Planet Fitness reported first-quarter revenue of $276,662,000 and diluted EPS of $0.50 for the three months ended March 31, 2025. Gross margin remained elevated at ~91.9% and operating income rose to $79,202,000;…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.