Beachbody | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 54.28 M

Revenue: As of FY2026 Q1, the actual value is USD 54.28 M, beating the estimate of USD 51.76 M.

EPS: As of FY2026 Q1, the actual value is USD 0.3, beating the estimate of USD -0.082.

EBIT: As of FY2026 Q1, the actual value is USD 3.812 M.

Revenue

• Total revenue was $54.3 million, compared to $72.4 million in the prior year period.
• Digital revenue was $33.6 million, compared to $42.9 million in the prior year period.
• Nutrition and Other revenue was $20.7 million, compared to $28.7 million in the prior year period.
• Connected Fitness revenue was $0.0 million, compared to $0.8 million in the prior year period, as the sale of bike inventory ceased in the first quarter of 2025.

Profitability

• Gross margin was 71.8%, compared to 71.2% in the prior year period.
• Total operating expenses were $35.9 million, compared to $55.2 million in the prior year period.
• Operating income improved by $6.8 million to $3.1 million, compared to an operating loss of - $3.7 million in the prior year period.
• Net income was $2.3 million, compared to a net loss of - $5.7 million in the prior year period.
• Adjusted EBITDA was $8.0 million, compared to $3.7 million in the prior year period.
• Adjusted net income was $2.5 million, compared to a loss of - $5.1 million in the prior year period.

Cash Flow

• Cash used in operating activities for the three months ended March 31, 2026, was - $1.0 million, compared to cash provided by operating activities of $2.3 million in the prior year period.
• Cash used in investing activities was - $0.7 million, compared to - $0.7 million in the prior year period.
• Free cash flow was - $1.7 million, compared to $1.6 million in the prior year period.

Key Operational Metrics (First Quarter 2026)

• Digital Subscriptions totaled 0.81 million, down from 1.02 million in the prior year period, representing a decrease of 20.6%.
• Nutritional Subscriptions totaled 0.06 million, down from 0.08 million in the prior year period, representing a decrease of 25.0%.
• Total Subscriptions were 0.87 million, a 20.9% decrease from 1.10 million in the prior year period.
• Average Digital Retention was 95.9%, a decrease of 110 basis points from 97.0% in the prior year period.
• Total Streams were 17.8 million, a 14.0% decrease from 20.7 million in the prior year period.
• DAU/MAU was 33.1%, an increase of 60 basis points from 32.5% in the prior year period.
• Connected Fitness Units Delivered were 0, down from 1.5 thousand in the prior year period, representing a 100.0% decrease.

Outlook for The Second Quarter of 2026

• The Beachbody Company, Inc. anticipates total revenue to be between $46 million and $51 million for the second quarter of 2026.
• Net income (loss) and adjusted net income (loss) are projected to be between - $3 million and $0 million.
• Adjusted EBITDA is expected to range from $3 million to $6 million for the quarter ending June 30, 2026.