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Planet Fitness PLNT Franchise — Cost of revenue

Other segment segments

Equipment
$60.6M+9.3%

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Other financials

Income statement

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Revenue$365.2M+7.1%
Gross profit$300.7M+6.8%
Operating income$123.8M+20.9%
Net income$67.1M+15.6%
EPS (diluted)$0.87+26.1%

Balance sheet

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Cash & equivalents$371.2M-5.3%
Total debt$3.0B+13.4%
Total equity-$612.7M-286%
Total assets$3.0B-3.7%

Cash flow

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Operating cash flow$45.9M+4.5%
CapEx$41.9M+17.3%
Free cash flow$4.0M-51.3%

Valuation

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Market cap$4.05B-54.5%
Enterprise value$6.67B-40.1%
P/E17×-30.1×
P/S2.9×-4.2×

Profitability

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Gross margin81.7%-1.7pp
Operating margin30.9%+2.7pp
Net margin16.9%+1.8pp
FCF margin18.6%+2.2pp

Returns & leverage

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Return on equity-61.7%
Debt / equity50.9×
Current ratio1.6×-0.5×

Where this comes from

Reported directly by Planet Fitness in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The source filing: Planet Fitness’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:17 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001637207-26-000044
Franchise Segment / (in thousands)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Selling, general and administrative$9,135$8,772$17,550$15,985
National advertising fund expense32,92222,77765,14044,721
Cost of revenue2,3252,2313,8773,263
Other segment income, net⁽¹⁾(341)(624)(2,780)(498)
Total$44,041$33,156$83,787$63,471

Item 1. Condensed Consolidated Financial Statements

FAQ

What is Planet Fitness's franchise — cost of revenue?
Planet Fitness (PLNT) reported franchise — cost of revenue of $2.33M in Q2 2026.
How has Planet Fitness's franchise — cost of revenue changed year-over-year?
Planet Fitness's franchise — cost of revenue increased by 4.2% year-over-year, from $2.23M to $2.33M.
What is the long-term trend for Planet Fitness's franchise — cost of revenue?
Over 3 years (2022 to 2025), Planet Fitness's franchise — cost of revenue has grown at a 20.4% compound annual growth rate (CAGR), from $5.87M to $10.24M.
What does franchise — cost of revenue mean?
Captures the direct costs incurred to generate revenue within the franchise segment, such as royalties processing, franchise support services, and direct training costs. This metric is essential for calculating the gross margin of the franchise business. Lower costs relative to revenue indicate a highly efficient and scalable franchise operation.

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