Beachbody Company (BODI)
NASDAQ:BODI
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Beachbody Company
(NASDAQ:BODI)
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Rating:64Neutral
Price Target:
$15.00
▲(22.75% Upside)
Action:ReiteratedDate:04/22/26
The score is driven primarily by improved financial quality (positive free cash flow, sharply reduced debt, and much narrower losses) and strong technical momentum (price above major moving averages with positive MACD). This is tempered by weak valuation support due to ongoing net losses (negative P/E) and the ongoing revenue decline, which remains the biggest fundamental risk.
Positive Factors
Free Cash Flow Recovery
A strong swing to positive free cash flow (~$17.4M in 2025) materially improves funding flexibility, reduces reliance on external financing, and permits reinvestment in content and marketing. Over 2–6 months this strengthens liquidity and lowers refinancing risk, supporting durable operations.
Negative Factors
Persistent Revenue Decline
Multi-year revenue contraction—including an ~11% decline in 2025—erodes scale benefits and limits the ability to leverage high gross margins. Sustained top-line shrinkage makes it harder to sustain fixed-cost absorption, invest in growth, and makes recent profit gains more fragile over a 2–6 month horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Free Cash Flow Recovery
A strong swing to positive free cash flow (~$17.4M in 2025) materially improves funding flexibility, reduces reliance on external financing, and permits reinvestment in content and marketing. Over 2–6 months this strengthens liquidity and lowers refinancing risk, supporting durable operations.
Read all positive factors
Beachbody Company (BODI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$98.47M
Dividend YieldN/A
Average Volume (3M)14.04K
Price to Earnings (P/E)3.5
Beta (1Y)0.99
Revenue Growth-39.89%
EPS Growth95.87%
CountryUS
Employees355
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-0.44
Shares Outstanding4,506,164
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/Revenue0.33
Enterprise Value/Gross Profit0.46
Enterprise Value/Ebitda3.29
Forecast
1Y Price Target
$17.00Price Target Upside39.12% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.14
Revenue Forecast (FY)$217.87M
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:Nov 10, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:May 12, 2026
Earnings Call Sentiment Positive
The earnings call reflects a company successfully undergoing a significant transformation. The Beachbody Company, Inc. has achieved several financial milestones, such as positive net income and strong free cash flow, and is transitioning to a more diversified and sustainable business model. Despite the decline in revenues and subscriptions, the company has strategically reduced its breakeven point, maintained high gross margins, and is poised for growth with new retail and product initiatives.Positive Updates
Positive Adjusted EBITDA and Net Income
The Beachbody Company, Inc. achieved positive net income for the first time since going public in 2021 and has delivered eight consecutive quarters of positive adjusted EBITDA.
Negative Updates
Decline in Total Revenues
Total revenues of $59.9 million declined 6.3% sequentially and declined 41.4% year over year.
Read all updates
Q3-2025 Updates
Positive
Negative
Positive Adjusted EBITDA and Net Income
The Beachbody Company, Inc. achieved positive net income for the first time since going public in 2021 and has delivered eight consecutive quarters of positive adjusted EBITDA.
Read all positive updates
Company Guidance
The guidance provided in The Beachbody Company, Inc.'s third quarter 2025 earnings call highlighted several key metrics and strategic initiatives. The company reported eight consecutive quarters of positive adjusted EBITDA and achieved net income for the first time since going public in 2021, with a Q3 net income of $3.6 million. Free cash flow reached $13.1 million year-to-date, with $9 million generated in Q3 alone. Beachbody's cash position was $33.9 million, surpassing its $25 million debt principal. The company significantly reduced its revenue breakeven point from $900 million in 2022 to $180 million, achieving a $720 million reduction. Gross margins improved, with consolidated Q3 gross margins at 74.6%, digital gross margins at 88.1%, and nutrition and other gross margins at 53.7%. Looking forward, Beachbody plans to expand into retail in 2026, introducing products like Shakeology, P90X nutritional supplements, and Insanity branded supplements. The company aims to reach underserved segments, including the 185 million overweight Americans who do not engage in regular fitness routines, and expects to generate additional revenue through its omnichannel strategy, leveraging both digital and brick-and-mortar channels.Beachbody Company Financial Statement Overview
Summary
Income Statement
33
Negative
Balance Sheet
58
Neutral
Cash Flow
64
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 251.73M | 418.80M | 527.11M | 692.20M | 873.64M |
| Gross Profit | 183.78M | 287.34M | 323.09M | 369.57M | 544.98M |
| EBITDA | 25.56M | -38.36M | -80.40M | -94.75M | -183.79M |
| Net Income | -2.86M | -71.64M | -152.64M | -194.19M | -228.38M |
Balance Sheet | |||||
| Total Assets | 147.03M | 174.56M | 276.84M | 443.39M | 637.61M |
| Cash, Cash Equivalents and Short-Term Investments | 39.02M | 20.19M | 33.31M | 80.09M | 104.05M |
| Total Debt | 25.40M | 22.48M | 32.82M | 46.45M | 7.13M |
| Total Liabilities | 115.72M | 146.39M | 194.08M | 231.85M | 252.23M |
| Stockholders Equity | 31.32M | 28.17M | 82.76M | 211.54M | 385.38M |
Cash Flow | |||||
| Free Cash Flow | 17.35M | -1.98M | -29.11M | -73.67M | -293.16M |
| Operating Cash Flow | 21.75M | 2.56M | -22.54M | -47.17M | -215.25M |
| Investing Cash Flow | -4.40M | 1.06M | -10.83M | -26.49M | -125.19M |
| Financing Cash Flow | 1.03M | -15.87M | -13.72M | 47.56M | 390.65M |
Beachbody Company Technical Analysis
Positive
12.22
Price Trends
9.95
Positive
10.22
Positive
7.77
Positive
Market Momentum
0.30
Negative
60.60
Neutral
67.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BODI, the sentiment is Positive. The current price of 12.22 is above the 20-day moving average (MA) of 11.08, above the 50-day MA of 9.95, and above the 200-day MA of 7.77, indicating a bullish trend. The MACD of 0.30 indicates Negative momentum. The RSI at 60.60 is Neutral, neither overbought nor oversold. The STOCH value of 67.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | $98.47M | 3.46 | -11.42% | ― | -39.89% | 95.87% | |
64 Neutral | $762.82M | -11.86 | -10.32% | ― | 6.78% | 52.54% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | $279.77M | -2.19 | -4.72% | ― | -23.56% | -43.49% | |
50 Neutral | $99.00M | -1.09 | -567.03% | ― | -28.88% | -15473.93% | |
50 Neutral | $95.70M | -0.14 | -139.91% | ― | ― | ― | |
47 Neutral | $55.61M | ― | -10.32% | ― | ― | ― |
* 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.