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Beachbody Company (BODI)
NASDAQ:BODI
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Beachbody Company
(NASDAQ:BODI)
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Rating:43Neutral
Price Target:
$5.00
▲(0.00% Upside)
Beachbody's overall stock score is primarily impacted by its poor financial performance, with declining revenues and profitability issues. While the earnings call highlighted some positive strategic initiatives, the ongoing revenue and subscriber declines weigh heavily. Technical analysis and valuation also present challenges, contributing to a low overall score.
Positive Factors
Improved Gross Margin
The improvement in gross margin indicates enhanced operational efficiency and cost management, which can contribute to better profitability over the long term.
Debt Refinancing
Lower interest rates from debt refinancing improve cash flow and financial flexibility, supporting long-term financial health and investment capacity.
Launch of New Retail Products
Expanding into retail markets with new products can diversify revenue streams and enhance brand visibility, driving future growth opportunities.
Negative Factors
Revenue Decline
Significant revenue decline indicates challenges in maintaining sales momentum, which could impact long-term growth and market position.
Decrease in Digital and Nutrition Subscriptions
Declining subscriptions suggest weakening customer engagement, which could affect recurring revenue and the sustainability of the subscription model.
Nutrition Revenue Decline
A sharp decline in nutrition revenue highlights potential issues in product demand or competition, impacting overall revenue diversification and growth.
Beachbody Company (BODI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$32.51M
Dividend YieldN/A
Average Volume (3M)14.04K
Price to Earnings (P/E)―
Beta (1Y)0.91
Revenue Growth-31.96%
EPS Growth56.06%
CountryUS
Employees355
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)N/A
Shares Outstanding4,338,012
10 Day Avg. Volume16,626
30 Day Avg. Volume14,040
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)1.49
Price to Sales (P/S)0.10
P/FCF Ratio-21.18
Enterprise Value/Market Cap0.76
Enterprise Value/Revenue0.08
Enterprise Value/Gross Profit0.11
Enterprise Value/Ebitda-1.75
Forecast
1Y Price Target
$12.50Price Target Upside150.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Beachbody Company Business Overview & Revenue Model
Company DescriptionThe 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 subscription platform that provides access to a library of live and on-demand fitness and nutrition content; and Beachbody on Demand Interactive (BODi) for live fitness and nutrition programs. It also offers nutritional products, such as Shakeology, a nutrition shake; Beachbody Performance supplements comprising pre-workout energize, hydrate, post-workout recover, and protein supplement recharge products; BEACHBAR, a low-sugar snack bar; supplements under the LADDER brand; connected fitness products; and BODi Bike Studio, a package subscription to BODi with a bike and accessories. The Beachbody Company, Inc. was founded in 1998 and is headquartered in El Segundo, California.
How the Company Makes MoneyBeachbody generates revenue primarily through its subscription model, where customers pay for access to the BODi streaming service. This subscription provides users with a comprehensive suite of fitness programs and nutritional resources. In addition to subscription fees, the company earns revenue from the sale of its nutritional products, including protein powders, meal replacement shakes, and dietary supplements. Beachbody also capitalizes on partnerships with fitness trainers and influencers who promote its products and programs, enhancing its reach and customer acquisition. Furthermore, the company occasionally organizes fitness challenges and events, which can also contribute to its earnings.
Beachbody Company Earnings Call Summary
Earnings Call Date:Nov 10, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Mar 17, 2026
Earnings Call Sentiment Neutral
The earnings call presents a mixed picture. While Beachbody has exceeded its revenue and EBITDA expectations and achieved significant cost reductions and refinancing benefits, it also faces notable challenges, such as substantial revenue declines and decreased digital and nutrition subscriptions. The company's strategic plans for retail expansion and new product launches are positive, but the impact of ongoing revenue declines and subscriber losses weighs on the overall sentiment.Q2-2025 Updates
Positive Updates
Exceeded Revenue and EBITDA Expectations
Beachbody reported Q2 2025 revenue of $63.9 million, exceeding the guidance range of $51 million to $61 million. Adjusted EBITDA of $4.6 million also exceeded the guidance range of breakeven to $4 million.
Improved Gross Margin
The company achieved a gross margin of 72.3%, which is a 300 basis point improvement over the prior year and exceeded the high end of their previous long-term target of 65% to 70%.
Significant Cost Reductions
Selling and marketing costs decreased from 51.1% of revenue in Q2 last year to 39.9% this quarter, with a target to reach sub-35%.
Debt Refinancing
Beachbody refinanced its debt with Tiger Finance and SG Capital, reducing its overall interest rate by more than 40%, resulting in increased cash balance from $18 million to over $25 million.
Positive Free Cash Flow
Year-to-date positive free cash flow of $4.1 million was generated, with a line of sight to achieving full-year positive free cash flow for the first time since 2020.
Launch of New Retail Products
Starting in late Q1 2026, Beachbody plans to roll out Shakeology in retail markets for the first time, followed by the launch of P90x nutritional line and INSANITY branded nutritional supplements.
New Fitness Program Success
The new 25-minute Speed Train program achieved over 1 million views in 21 days, 50% faster than previous programs.
Negative Updates
Revenue Decline
Total revenues of $63.9 million declined 11.6% sequentially and 42% year-over-year due to the strategic transition from a multilevel marketing platform to an omnichannel model.
Decrease in Digital and Nutrition Subscriptions
Digital subscriber count decreased 7.8% sequentially and 18.2% year-over-year. Nutrition subscriptions declined 12.5% sequentially and 52.1% year-over-year.
Nutrition Revenue Decline
Nutrition revenue decreased 15.6% from the prior quarter to $24.2 million and decreased 51.8% year-over-year.
Company Guidance
During the Beachbody Company, Inc. second quarter 2025 earnings call, significant guidance was provided concerning the company's financial performance and strategic direction. The company reported revenues of $63.9 million, surpassing expectations, with a gross margin of 72.3%, marking a 300 basis point improvement from the previous year. Adjusted EBITDA exceeded guidance, representing the seventh consecutive quarter of positive adjusted EBITDA, cumulatively totaling $39.5 million. The company has notably reduced its revenue breakeven point from approximately $900 million in 2022 to $200 million in 2025. Selling and marketing costs have decreased to 39.9% of revenue, with a target of sub-35%. The company refinanced its debt, reducing the overall interest rate by over 40%, and achieved positive free cash flow of $4.1 million year-to-date. Looking forward, the company aims for full-year positive free cash flow for the first time since 2020. In 2026, Beachbody plans to expand into retail markets with its Shakeology brand and later introduce the P90x nutritional line, creating cross-marketing opportunities. Despite temporary revenue declines in 2025 during the business model transition, the company is focused on leveraging its brand portfolio for future growth.Beachbody Company Financial Statement Overview
Summary
Beachbody Company faces significant financial challenges. The income statement shows declining revenues and persistent losses, with a negative net profit margin. The balance sheet reveals poor returns and limited equity, while cash flow management is weak with negative growth. Overall, the financial health is concerning.Income Statement
The income statement reveals significant challenges for Beachbody Company. The TTM data shows a negative revenue growth rate of -12.46%, indicating declining sales. Gross profit margin is relatively healthy at 69.42%, but the net profit margin is deeply negative at -17.02%, reflecting substantial losses. EBIT and EBITDA margins are also negative, suggesting operational inefficiencies. Overall, the company is struggling with profitability and revenue growth.35
Negative
Balance Sheet
The balance sheet shows a moderate debt-to-equity ratio of 0.81, indicating manageable leverage. However, the return on equity is highly negative at -142.49%, highlighting poor returns for shareholders. The equity ratio stands at 13.82%, suggesting a low proportion of equity financing. The company's financial stability is concerning due to low equity and poor returns.40
Negative
Cash Flow
Cash flow analysis indicates significant issues. The free cash flow growth rate is negative at -59.12%, and the operating cash flow to net income ratio is -0.036, showing weak cash generation relative to net losses. The free cash flow to net income ratio is positive at 1.84, but this is due to negative net income. Overall, cash flow management is a critical concern for the company.30
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 324.87M | 418.80M | 527.11M | 692.20M | 873.64M | 863.58M |
| Gross Profit | 227.47M | 287.34M | 323.09M | 369.57M | 544.98M | 613.88M |
| EBITDA | -14.13M | -38.36M | -80.40M | -94.75M | -168.92M | 46.08M |
| Net Income | -58.21M | -71.64M | -152.64M | -194.19M | -228.38M | -21.43M |
Balance Sheet | ||||||
| Total Assets | 145.89M | 174.56M | 276.84M | 443.39M | 637.61M | 356.25M |
| Cash, Cash Equivalents and Short-Term Investments | 29.81M | 20.19M | 33.31M | 80.09M | 104.05M | 56.83M |
| Total Debt | 26.03M | 22.48M | 32.82M | 46.45M | 7.13M | 41.62M |
| Total Liabilities | 125.74M | 146.39M | 194.08M | 231.85M | 252.23M | 257.00M |
| Stockholders Equity | 20.16M | 28.17M | 82.76M | 211.54M | 385.38M | 99.26M |
Cash Flow | ||||||
| Free Cash Flow | -3.17M | -1.98M | -29.11M | -73.67M | -293.16M | 23.50M |
| Operating Cash Flow | 933.00K | 2.56M | -22.54M | -47.17M | -215.25M | 61.43M |
| Investing Cash Flow | -4.11M | 1.06M | -10.83M | -26.49M | -125.19M | -46.69M |
| Financing Cash Flow | -3.58M | -15.87M | -13.72M | 47.56M | 390.65M | 165.00K |
Beachbody Company Technical Analysis
Negative
5.00
Price Trends
5.68
Negative
5.06
Negative
5.40
Negative
Market Momentum
-0.31
Positive
46.91
Neutral
29.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BODI, the sentiment is Negative. The current price of 5 is below the 20-day moving average (MA) of 5.13, below the 50-day MA of 5.68, and below the 200-day MA of 5.40, indicating a bearish trend. The MACD of -0.31 indicates Positive momentum. The RSI at 46.91 is Neutral, neither overbought nor oversold. The STOCH value of 29.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 0 New Risks
Beachbody Company Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
53 Neutral | $351.47M | 17.93 | 3.27% | ― | -22.16% | ― | |
52 Neutral | $79.15M | -8.78 | ― | ― | 105.31% | 95.66% | |
51 Neutral | $698.11M | ― | -14.07% | ― | 6.65% | 50.32% | |
45 Neutral | $108.48M | ― | -51.54% | ― | -16.83% | -485.31% | |
43 Neutral | $32.51M | -0.54 | -133.94% | ― | -31.96% | 56.06% | |
38 Underperform | $194.63M | ― | ― | ― | ― | ― |
* Communication Services Sector Average
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Beachbody Company Corporate Events
Business Operations and StrategyDelistings and Listing Changes
Beachbody Company Transfers Stock Listing to Nasdaq
Positive
Aug 20, 2025
On August 20, 2025, The Beachbody Company announced its decision to transfer the listing of its Class A common stock from the New York Stock Exchange to the Nasdaq Capital Market, effective September 3, 2025. This strategic move is aimed at leveraging Nasdaq’s advanced trading technology and market data services, aligning Beachbody with a marketplace that supports innovative companies, and potentially enhancing its industry positioning.
The most recent analyst rating on (BODI) stock is a Hold with a $5.50 price target. To see the full list of analyst forecasts on Beachbody Company stock, see the BODI Stock Forecast page.
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.