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Screener / SEC EDGAR /CIK 0001637207 /10-K filed Feb 25, 2026, compared with Feb 25, 2025 /Numbers from the XBRL of the 10-Ks
Consumer discretionary peers:
STRALCIDCAVAAINPLNTWH
NYSE Consumer discretionary · Membership Sports & Recreation Clubs

Planet Fitness, Inc. PLNT

PLNT quote by TradingView

Planet Fitness, Inc. is a Delaware corporation formed on March 16, 2015. 10-K, Item 1

Employees
4,020
Headquarters
Hampton, NH
CEO
Colleen Keating
Next results
around Feb 23, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $1.3B through the costs to a net profit of $219.1M · income statement of the 10-K

30% operating margin
Revenue to Gross profit: $1.1BRevenue to Cost of revenue: $230.3MGross profit to Operating profit: $394.7MGross profit to Operating expenses: $699.2MOperating profit to Net profit: $219.1MOperating profit to Tax & other: $175.6M Revenue: $1.3B REVENUE $1.3B +12% Y/Y Gross profit: $1.1B · 83% margin GROSS PROFIT $1.1B 83% margin Cost of revenue: $230.3M · 17% of revenue COST OF REVENUE $230.3M 17% of revenue Operating profit: $394.7M · 30% margin OPERATING PROFIT $394.7M 30% margin · +22% Y/Y Operating expenses: $699.2M · 53% of revenue OPERATING EXPENSES $699.2M 53% of revenue Net profit: $219.1M · 17% margin NET PROFIT $219.1M 17% margin · +27% Y/Y Tax & other: $175.6M · 13% of revenue TAX & OTHER $175.6M 13% of revenue
Gross profit $1.1B 83% margin
Operating profit $394.7M 30% margin · +22% Y/Y
Net profit $219.1M 17% margin · +27% Y/Y
The full income statement, year by year

PLNT among Consumer discretionary peers

Six ratios from the latest 10-K. Each corner is the share of 168 peers the company is above, not a score.

Compare
Revenue growth: 12.1%, above 82% of 168 peers (their median 4.7%) REVENUE GROWTH 12.1% · above 82% Gross margin: 81.5%, above 97% of 114 peers (their median 36.4%) GROSS MARGIN 81.5% · above 97% Operating margin: 29.9%, above 98% of 148 peers (their median 10.0%) OPERATING MARGIN 29.9% · above 98% Net margin: 16.1%, above 91% of 168 peers (their median 6.3%) NET MARGIN 16.1% · above 91% FCF margin: 14.9%, above 82% of 154 peers (their median 7.3%) FCF MARGIN 14.9% · above 82%
PLNT Peer median Below the median

What changed

3 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 25, 2026 against Feb 25, 2025.

Risk factors
3 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Inventory growing faster than revenue
Inventory +23.3% ($6.1M to $7.6M) vs revenue +12.1% ($1.2B to $1.3B), +11.3 pts apart
10-K · XBRL
Accounting checks
10 other checks clear, 1 worth a look
10-K · XBRL
Insiders
1 open-market buy in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 10 checks found nothing to note

  • Inventory growing faster than revenue
    Inventory +23.3% ($6.1M to $7.6M) vs revenue +12.1% ($1.2B to $1.3B), +11.3 pts apart
  • Receivables -8.7% ($77.1M to $70.4M) vs revenue +12.1% ($1.2B to $1.3B), -20.8 pts apart
9 more checks with nothing to note
  • Cash from operations $418.4M vs net income $219.1M (FY ending Dec 31, 2025)
  • Same auditor in both 10-Ks: KPMG LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Evaluation of the sufficiency of audit evidence over revenue
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

3 paragraphs in Risk Factors that were not in the 10-K filed Feb 25, 2025. Quoted as filed.

All 3 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 25, 2025 10-K, ITEM 1A
    headquarters-based employees work remotely at least one day per week. The significant increase in remote working, particularly for an extended period of time, could exacerbate certain risks to our business, including an increased risk of cyber incidents and improper collection and dissemination of personal or confidential information.
  2. Item 1A · new paragraph · not in the 10-K filed Feb 25, 2025 10-K, ITEM 1A
    our culture or adapting it sufficiently to meet the needs of our operations. These risks may be heightened as our growth accelerates. Our failure to successfully execute on our planned expansion of clubs could materially and adversely affect our results of operations and financial condition.
  3. Item 1A · new paragraph · not in the 10-K filed Feb 25, 2025 10-K, ITEM 1A
    initiatives could influence public perception of the tanning services we offer and of the benefits of our PF Black Card membership.

New risk paragraphs, against peers

Latest 10-K of each, Consumer discretionary companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$936.8M$1.1B$1.2B$1.3B
Net income$99.4M$138.3M$172.0M$219.1M
Operating cash flow$240.2M$330.3M$343.9M$418.4M
Free cash flow$140.2M$194.3M$188.8M$254.8M

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$1.3B ▲ 12.1% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

Planet Fitness, Inc., Hampton, NH · from the 10-K filed Feb 25, 2026

Planet Fitness, Inc. is a Delaware corporation formed on March 16, 2015. Planet Fitness, Inc. Class A common stock trades on the New York Stock Exchange under the symbol “PLNT.” We are one of the largest and fastest-growing franchisors and operators of fitness centers in the world by number of members and locations, with a highly recognized national brand. Our mission is to enhance people’s lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment, which we call the Judgement Free Zone.

Headquarters
Hampton, NH
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Nov 5, 2026
Incorporated in
DE

Employees, at the top of the page: "As of December 31, 2025, we employed 4,020 employees at our corporate-owned clubs and 373 employees in the aggregate who support corporate and corporate-owned club activities at our Club Support Center and in Canada and Spain" (10-K). Address and exchange: SEC's company file.

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Sources

The 10-K filed Feb 25, 2026 (open at SEC), compared with the 10-K filed Feb 25, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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