The Beachbody Company, Inc. (NASDAQ: BODi), a prominent player in the fitness and nutrition sector, released its financial results for the fourth quarter and fiscal year ending December 31, 2025, on March 10, 2026. The press release reflects the impact of strategic transformations undertaken by the company over the past two years, revealing significant improvements in operational and financial metrics.

Carl Daikeler, the co-founder and CEO of BODi, expressed optimism about the company’s trajectory, stating, “Over the past two years, we have taken bold steps to completely transform our company and our 4th quarter results are indicative of our successful efforts.” He emphasized that the upcoming innovation pipeline, launching in early 2026, aims to broaden the addressable market for iconic brands such as P90X and Shakeology.

Financial Highlights for Q4 2025

Total Revenue: $55.5 million, a decrease from $86.4 million in Q4 2024.

Digital Revenue: $34.3 million vs. $50.4 million year-over-year; digital subscriptions totaled 870,000.

Nutrition and Other Revenue: $21.2 million, down from $34.8 million in the prior year.

Connected Fitness Revenue: Reported at $0, a decline from $1.2 million, following the cessation of bike inventory sales.

Gross Margin: Improved to 74.5%, up from 70.5% in the prior year.

Operating Income: Rose significantly to $8.2 million, compared to an operating loss of $32.9 million in Q4 2024.

The quarter also marked the second consecutive period of net income for BODi, with net income reported at $5.2 million, a remarkable recovery from a loss of $34.6 million in the previous year.

Full Year 2025 Performance

For the entire year, BODi reported:

Total Revenue: $251.7 million, down from $418.8 million in 2024.

Digital Revenue: $153.3 million, compared to $224.3 million in the previous year.

Nutrition and Other Revenue: $97.6 million, down from $187.8 million.

Operating Income: Increased to $5.5 million from an operating loss of $66.2 million in the previous year.

Net Loss: Reduced to $2.9 million from $71.6 million in 2024.

Adjusted EBITDA for the year was $30.8 million, slightly up from $28.3 million in 2024, while adjusted net income marked a significant turnaround with a positive outcome of $3.5 million, contrasting with a loss of $31.2 million in the prior period.

Cash Flow and Balance Sheet Strength

BODi reported a robust cash position with over $39 million in cash on the balance sheet. The company generated positive free cash flow of $17.4 million for the year, a significant improvement from a negative free cash flow of $(2.0) million in 2024.

Mark Goldston, BODi’s Executive Chairman, highlighted the company’s strong cash position and operational framework, stating, “We’ve built the operational framework and financial flexibility to capitalize on a massive market opportunity that represents the next phase of our growth strategy.”

Outlook for 2026

Looking ahead, BODi provided guidance for the first quarter of 2026, estimating revenues between $49 million and $54 million, with potential net income ranging from a loss of $2 million to a profit of $1 million. The company is expected to continue leveraging its brand equity and innovation to navigate the evolving fitness and nutrition landscape.

2. Conclusion

BODi’s latest financial results demonstrate a significant recovery following a challenging period, characterized by strategic pivots and operational efficiencies. With a solid cash position and a promising pipeline of innovations, the company aims to solidify its market presence and drive future growth in the competitive fitness and nutrition sector. The upcoming conference call will provide further insights into the company’s strategies and performance expectations for the future.

Original press release