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Beachbody Company (BODI)
NASDAQ:BODI
US Market

Beachbody Company (BODI) AI Stock Analysis

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BODI

Beachbody Company

(NASDAQ:BODI)

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Neutral 52 (OpenAI - 4o)
Rating:52Neutral
Price Target:
$10.00
▼(-13.64% Downside)
Beachbody Company faces significant financial challenges, which heavily impact its overall score. Despite this, the company is showing signs of transformation with positive earnings call results and strategic initiatives. Technical indicators suggest bullish momentum, but valuation concerns persist due to negative profitability metrics.
Positive Factors
Positive Net Income
Achieving positive net income marks a pivotal turnaround, indicating improved operational efficiency and potential for sustainable profitability.
Omnichannel Model Transition
Transitioning to an omnichannel model diversifies revenue streams, reducing reliance on a single sales channel and enhancing market reach.
High Gross Margins
Maintaining high gross margins reflects effective cost management and pricing power, supporting long-term profitability.
Negative Factors
Revenue Decline
Significant revenue decline indicates challenges in market demand or competitive positioning, impacting future growth prospects.
Digital Subscription Decline
A decline in digital subscriptions suggests potential issues in customer retention or market saturation, affecting recurring revenue.
Nutrition Revenue Decline
A sharp decline in nutrition revenue highlights challenges in product demand or competitive pressures, impacting overall revenue mix.

Beachbody Company (BODI) vs. SPDR S&P 500 ETF (SPY)

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
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Mar 17, 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.
Q3-2025 Updates
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.
Significant Reduction in Revenue Breakeven Point
The company reduced its revenue breakeven point from $900 million in 2022 to $180 million in 2025, an 80% reduction.
Strong Free Cash Flow
Generated $13.1 million in free cash flow year-to-date, with $9 million in Q3 alone.
Successful Transition to Omnichannel Model
Shifted from an MLM-dependent model to a diversified omnichannel approach, which includes direct-to-consumer and upcoming retail initiatives.
Retail Expansion Plans
Plans to introduce Shakeology to retail for the first time, along with new P90X and Insanity branded supplements.
High Gross Margins
Consolidated Q3 gross margins were 74.6%, at the high end of their long-term target of 70% to 75%.
Negative Updates
Decline in Total Revenues
Total revenues of $59.9 million declined 6.3% sequentially and declined 41.4% year over year.
Decrease in Digital Subscription Count
Digital subscriptions decreased 4.3% sequentially to approximately 900,000 and declined 18.9% compared to the prior year.
Nutrition Revenue Decline
Nutrition and other revenue decreased 2.8% from the prior quarter to $23.5 million and decreased 50.4% year over year.
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
Beachbody Company is facing significant financial challenges across all verticals. The income statement shows declining revenues and persistent losses. The balance sheet reflects increased leverage and negative returns on equity. Cash flow metrics indicate severe cash flow issues, raising concerns about the company's ability to sustain operations without strategic changes.
Income Statement
35
Negative
The company has experienced a significant decline in revenue over the past years, with a TTM revenue growth rate of -13.02%. Gross profit margins have been relatively stable but are overshadowed by negative net profit margins, indicating ongoing losses. The EBIT and EBITDA margins are also negative, reflecting operational challenges.
Balance Sheet
40
Negative
The balance sheet shows a high debt-to-equity ratio of 1.29 in the TTM period, indicating increased leverage. The return on equity is negative, suggesting that the company is not generating profit from its equity base. The equity ratio has decreased over time, reflecting a potential risk in financial stability.
Cash Flow
30
Negative
Cash flow analysis reveals a negative free cash flow growth rate of -281.80% in the TTM period, indicating cash flow challenges. The operating cash flow to net income ratio is low, suggesting inefficiencies in converting income into cash. The free cash flow to net income ratio is negative, highlighting cash flow issues relative to net losses.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue282.56M418.80M527.11M692.20M873.64M863.58M
Gross Profit203.31M287.34M323.09M369.57M544.98M613.88M
EBITDA-7.35M-38.36M-80.40M-94.75M-183.79M38.62M
Net Income-42.64M-71.64M-152.64M-194.19M-228.38M-21.43M
Balance Sheet
Total Assets146.41M174.56M276.84M443.39M637.61M356.25M
Cash, Cash Equivalents and Short-Term Investments33.95M20.19M33.31M80.09M104.05M56.83M
Total Debt2.56M22.48M32.82M46.45M7.13M41.62M
Total Liabilities121.72M146.39M194.08M231.85M252.23M257.00M
Stockholders Equity24.69M28.17M82.76M211.54M385.38M99.26M
Cash Flow
Free Cash Flow5.77M-1.98M-29.11M-73.67M-293.16M23.50M
Operating Cash Flow10.04M2.56M-22.54M-47.17M-215.25M61.43M
Investing Cash Flow-4.27M1.06M-10.83M-26.49M-125.19M-46.69M
Financing Cash Flow-3.55M-15.87M-13.72M47.56M390.65M165.00K

Beachbody Company Technical Analysis

Technical Analysis Sentiment
Positive
Last Price11.58
Price Trends
50DMA
7.04
Positive
100DMA
6.25
Positive
200DMA
5.59
Positive
Market Momentum
MACD
1.49
Negative
RSI
72.22
Negative
STOCH
85.82
Negative
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 11.58 is above the 20-day moving average (MA) of 9.61, above the 50-day MA of 7.04, and above the 200-day MA of 5.59, indicating a bullish trend. The MACD of 1.49 indicates Negative momentum. The RSI at 72.22 is Negative, neither overbought nor oversold. The STOCH value of 85.82 is Negative, 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 0 New Risks

Beachbody Company Peers Comparison

Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
60
Neutral
$48.67B4.58-11.27%4.14%2.83%-41.78%
58
Neutral
$1.09B-14.07%6.65%50.32%
52
Neutral
$78.96M-1.79-102.66%-37.41%60.58%
52
Neutral
$79.16M105.31%95.66%
48
Neutral
$284.30M20.532.39%-23.61%
48
Neutral
$152.33M50.68%
45
Neutral
$107.57M-51.54%-16.83%-485.31%
* Communication Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
BODI
Beachbody Company
11.58
4.75
69.55%
SEAT
Vivid Seats
7.40
-62.80
-89.46%
CCG
Cheche Group
0.94
0.17
22.08%
NXDR
Nextdoor Holdings
2.37
-0.20
-7.78%
ZH
Zhihu
3.40
-0.30
-8.11%
UPXI
Upexi
2.26
-2.51
-52.62%

Beachbody Company Corporate Events

Beachbody’s Earnings Call: Positive Shift Amid Challenges
Nov 12, 2025

The Beachbody Company, Inc. has demonstrated a positive shift in its financial trajectory, as reflected in its recent earnings call. The company has successfully achieved positive net income and robust free cash flow, marking a significant transformation towards a more diversified and sustainable business model. Despite facing challenges such as declining revenues and subscriptions, Beachbody has strategically reduced its breakeven point, maintained high gross margins, and is poised for growth with new retail and product initiatives.

Beachbody Reports First Net Income Since IPO
Nov 11, 2025

Beachbody Company Inc., operating under the brand BODi, is a prominent player in the fitness and nutrition industry, known for its innovative home fitness programs and nutritional products aimed at promoting healthy lifestyles.

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.Date of analysis: Dec 02, 2025