Revenue and Membership Growth
Total revenue increased by 14% to $761 million, with a 14% increase in membership dues and enrollment fees and a 14.4% increase in in-center revenue. Comparable center revenue grew 11.2%.
Improvement in Financial Metrics
Net income rose to $72.1 million, an increase of 36.5%, and adjusted net income was $84.1 million, up 60.5% year-over-year. Adjusted EBITDA increased by 21.6% to $211 million with an improved margin of 27.7%.
Cash Flow and Financial Strategy
Net cash provided by operating activities rose approximately 15% to $196 million. Free cash flow was $112 million for the second quarter, marking the fifth consecutive quarter of delivering positive free cash flow.
Strong Membership Retention and Visits
Visits per membership increased by 5.7%, and retention remains at record levels, improving over the prior year quarter.
Expansion and New Developments
Plans to open 12 to 14 new clubs in 2026, averaging nearly 100,000 square feet per club, primarily as ground-up developments.
Growth in Digital and Supplement Markets
Life Time Digital now has 2.3 million accounts, up 216% year-over-year. The LTH nutritional supplement line revenue increased by 31% compared to the prior year quarter.