Beachbody Company (BODI)
NASDAQ:BODI
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Beachbody Company
(NASDAQ:BODI)
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Rating:61Neutral
Price Target:
$11.50
▼(-5.89% Downside)
Action:Reiterated
Date:05/14/26
The score is driven primarily by improving financial performance (profitability and positive TTM cash flow with sharply reduced leverage), tempered by ongoing revenue declines and durability concerns. Technicals are mixed with near-term weakness despite longer-term trend support, while valuation is helped by a low P/E. Earnings-call guidance and commentary point to continued transition headwinds and near-term volatility, limiting the overall score.
Positive Factors
High gross margins
Sustained high gross margins—especially extremely high digital margins—create durable operating leverage. With content-driven revenue, strong margins allow the company to invest in product development, marketing, and retail initiatives while protecting earnings even if top-line growth remains muted.
Negative Factors
Sustained revenue decline & subscription erosion
Large and persistent top-line declines, driven by subscription losses, threaten scale economics. Falling subscriber counts reduce recurring revenue and make it harder to absorb fixed content and platform costs, increasing the risk that margins and cash generation could reverse if growth doesn’t stabilize.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins
Sustained high gross margins—especially extremely high digital margins—create durable operating leverage. With content-driven revenue, strong margins allow the company to invest in product development, marketing, and retail initiatives while protecting earnings even if top-line growth remains muted.
Read all positive factors
Beachbody Company (BODI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$77.41M
Dividend YieldN/A
Average Volume (3M)14.04K
Price to Earnings (P/E)15.0
Beta (1Y)1.02
Revenue Growth-37.04%
EPS GrowthN/A
CountryUS
Employees355
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)0.72
Shares Outstanding4,512,761
10 Day Avg. Volume16,626
30 Day Avg. Volume14,040
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)2.31
Price to Sales (P/S)0.29
P/FCF Ratio4.16
Enterprise Value/Market Cap0.85
Enterprise Value/Revenue0.28
Enterprise Value/Gross Profit0.39
Enterprise Value/Ebitda2.63
Forecast
1Y Price Target
$18.00Price Target Upside47.30% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)$210.54M
Beachbody Company Business Overview & Revenue Model
Company Description
The Beachbody Company, Inc. operates as a subscription health and wellness company that provides fitness, nutrition, and stress-reducing programs in the United States and internationally. The company operates Beachbody on Demand, a digital subscri...
How the Company Makes Money
The company makes money primarily through (1) digital subscriptions that provide access to its streaming fitness platform and associated training content, and (2) sales of nutrition products and other physical goods. Subscription revenue is genera...
Beachbody Company Earnings Call Summary
Earnings Call Date:May 12, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Neutral
The call balanced clear evidence of a successful financial turnaround (third consecutive quarters of net income and operating income, 10th consecutive positive adjusted EBITDA, a net cash position, large retail distribution agreements, and product/technology initiatives) against material near-term transition challenges (25% YoY revenue decline, notable subscription declines, nutrition margin pressures, negative free cash flow this quarter and lower sequential adjusted EBITDA). Management emphasized operating leverage, an omnichannel pivot toward nutrition, and concrete retail partnerships that are near-term catalysts, but execution and planogram/timing risks mean the company remains in a transformation phase with both encouraging operational momentum and meaningful short-term headwinds.Positive Updates
Third Consecutive Quarter of Profitability
Net income of $2.3M in Q1 2026 (third consecutive quarter of net income) versus a net loss of $5.7M in Q1 2025; operating income of $3.1M (third consecutive quarter positive).
Negative Updates
Year-over-Year Revenue Decline
Total revenue of $54.3M in Q1 2026 declined 25.0% year-over-year and declined 2.3% sequentially, reflecting ongoing transition away from legacy MLM revenues.
Read all updates
Q1-2026 Updates
Positive
Negative
Third Consecutive Quarter of Profitability
Net income of $2.3M in Q1 2026 (third consecutive quarter of net income) versus a net loss of $5.7M in Q1 2025; operating income of $3.1M (third consecutive quarter positive).
Read all positive updates
Company Guidance
For Q2 2026 the company guided revenue of $46.0–$51.0 million, net income of negative $3.0 million to breakeven, and adjusted EBITDA of $3.0–$6.0 million; they expect the quarter’s revenue mix to be roughly 60% digital and 40% Nutrition & Other, with digital gross margin targeted at 86%–88%, Nutrition & Other gross margin at 43%–47%, and consolidated gross margin of 69%–72% — management reiterated that Q2 should not be compared to Q2 2025 due to the legacy MLM tail and that Q3 will be the first clean year‑over‑year read.Beachbody Company Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
64
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 233.65M | 251.73M | 418.80M | 527.11M | 692.20M | 873.64M |
| Gross Profit | 170.36M | 183.78M | 287.34M | 323.09M | 369.57M | 544.98M |
| EBITDA | 25.07M | 25.56M | -38.36M | -80.40M | -94.75M | -183.79M |
| Net Income | 5.17M | -2.86M | -71.64M | -152.64M | -194.19M | -228.38M |
Balance Sheet | ||||||
| Total Assets | 143.13M | 147.03M | 174.56M | 276.84M | 443.39M | 637.61M |
| Cash, Cash Equivalents and Short-Term Investments | 40.84M | 38.92M | 20.19M | 33.31M | 80.09M | 104.05M |
| Total Debt | 25.10M | 25.40M | 22.48M | 32.82M | 46.45M | 7.13M |
| Total Liabilities | 108.78M | 115.72M | 146.39M | 194.08M | 231.85M | 252.23M |
| Stockholders Equity | 34.35M | 31.32M | 28.17M | 82.76M | 211.54M | 385.38M |
Cash Flow | ||||||
| Free Cash Flow | 13.73M | 17.35M | -1.98M | -29.11M | -73.67M | -293.16M |
| Operating Cash Flow | 18.12M | 21.75M | 2.56M | -22.54M | -47.17M | -215.25M |
| Investing Cash Flow | -4.39M | -4.40M | 1.06M | -10.83M | -26.49M | -125.19M |
| Financing Cash Flow | 4.40M | 1.03M | -15.87M | -13.72M | 47.56M | 390.65M |
Beachbody Company Technical Analysis
Neutral
12.22
Price Trends
12.15
Negative
10.95
Negative
9.03
Positive
Market Momentum
-0.67
Positive
44.05
Neutral
38.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BODI, the sentiment is Neutral. The current price of 12.22 is above the 20-day moving average (MA) of 12.08, above the 50-day MA of 12.15, and above the 200-day MA of 9.03, indicating a neutral trend. The MACD of -0.67 indicates Positive momentum. The RSI at 44.05 is Neutral, neither overbought nor oversold. The STOCH value of 38.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BODI.
Beachbody Company Risk Analysis
Beachbody Company disclosed 76 risk factors in its most recent earnings report. Beachbody Company reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
The price of shares of our Class A common stock may experience volatility. Q4, 2023
2.
You may experience future dilution as a result of future equity offerings or other equity issuances. Q4, 2023
3.
The number of shares of our Class A common stock available for future issuance or resale could adversely affect the market price of our Class A common stock. Q4, 2023
Beachbody Company Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $827.61M | -18.69 | -10.32% | ― | 6.78% | 52.54% | |
61 Neutral | $77.41M | 15.04 | 18.73% | ― | -37.04% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | $238.28M | -2.68 | -4.72% | ― | -23.56% | -43.49% | |
50 Neutral | $93.72M | -0.21 | -567.03% | ― | -28.88% | -15473.93% | |
48 Neutral | $45.67M | -9.58 | -10.32% | ― | ― | ― | |
47 Neutral | $85.02M | -0.34 | -306.96% | ― | ― | ― |
* Communication Services Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.