The Beachbody Company Inc. (BODi) reported sales declined 22.4 percent in the second quarter but exceeded the midpoint of guidance. The provider of at-home workout programs and owner of a nutritional supplements business also saw profits exceed the top level of projections.
“Q2 marks our fourth consecutive quarter of net income and operating income, further validating the strength of our transformed business model,” said Carl Daikeler, co-founder and BODi’s chief executive officer. “We’re continuing to build out our omni-channel nutrition strategy, bringing iconic brands like P90X and Shakeology to retail while expanding our direct-to-consumer reach. With our broad range of nutritional supplements, we can acquire nutrition customers efficiently and seamlessly migrate them to our digital fitness platform, delivering the total solution that has always driven our best customer results.”
“Our second quarter results mark our eleventh consecutive quarter of positive Adjusted EBITDA and our fourth consecutive quarter of double-digit Adjusted EBITDA margins, a clear sign that the operational discipline we’ve built into this business is durable,” said Mark Goldston, BODi’s executive chairman. “With our high gross margins, a dramatically lowered breakeven point, and a strong balance sheet, we have the financial flexibility to fund our omni-channel expansion and innovation pipeline while continuing to capitalize on significant growth opportunities. We were also pleased to announce that on August 3, 2026 we amended our credit agreement to a more flexible covenant structure, which reflects our lender’s continued confidence in the long-term trajectory of our business.”
Second Quarter 2026 Results
  • Total revenue was $49.6 million compared to $63.9 million in the prior year period.
  • Digital revenue was $31.2 million compared to $39.7 million in the prior year period and digital subscriptions totaled 0.76 million in the second quarter.
  • Nutrition and Other revenue was $18.5 million compared to $24.2 million in the prior year period and nutritional subscriptions totaled 0.07 million in the second quarter.
  • Connected Fitness revenue was $0.0 million compared to $0.1 million in the prior year period as we ceased the sale of bike inventory in the first quarter of 2025.
  • Gross margin was 72.0% compared to 72.3% in the prior year period.
  • Total operating expenses were $34.1 million compared to $50.2 million in the prior year period, which included $2.5 million of restructuring-related costs.
  • Operating income improved by $5.6 million to $1.7 million, the Company’s fourth consecutive quarter of operating income, compared to an operating loss of $4.0 million in the prior year period.
  • Net income was $1.4 million, the Company’s fourth consecutive quarter of net income, compared to a net loss of $5.9 million in the prior year period, which included $2.5 million of restructuring-related costs.
  • Adjusted EBITDA1 was $6.7 million compared to $4.6 million in the prior year period.
  • Adjusted net income1 was $0.9 million compared to a loss of $2.8 million in the prior year period.
  • Cash used in operating activities for the six months ended June 30, 2026 was $4.3 million compared to cash provided by operating activities of $6.6 million in the prior year period, and cash used in investing activities was $1.4 million compared to cash used in investing activities of $2.5 million in the prior year period. Free cash flow1 was $(5.7) million compared to $4.1 million in the prior year period.

BODi’s flagship business is the BODi (Beachbody On Demand Interactive) digital streaming and subscription platform offering workouts, mindset classes, and structured wellness classes. It also owns the MYXfitness connected indoor stationary bike and offers nutritional and supplement lines under Shakeology, Beachbody Performance, Beachbar and Belle Vitale.

Image courtesy BODi