Life Time Group Holdings (NYSE:LTH) today released preliminary fiscal 2025 results that showed a near-doubling of net income and introduced aggressive growth targets for 2026.
The Chanhassen, Minnesota-based company expects full-year 2025 revenue to land between $2.993 billion and $2.995 billion, a 14.2% increase year-over-year, while net income is projected to skyrocket roughly 138% to a midpoint of $372.5 million.
The company’s "athletic country club" model—which blends luxury fitness with coworking, pickleball, and spa services—is seeing record member engagement and retention.
This operational strength allowed Life Time to issue a bullish 2026 outlook, forecasting revenue of up to $3.33 billion and adjusted EBITDA as high as $925 million.
Management signaled a shift from post-pandemic recovery to aggressive expansion, targeting 12 to 14 new large-format club openings in 2026, most of which will be ground-up developments averaging nearly 100,000 square feet.
CEO Bahram Akradi highlighted the firm’s strengthened balance sheet, noting that Life Time is on track to maintain a net debt-to-adjusted EBITDA leverage ratio of 2x or below.
This deleveraging, combined with a 15.5% projected jump in adjusted net income for the coming year, underscores the company's ability to fund its massive construction pipeline through internal cash flow and strategic sale-leaseback transactions.