Life Time 10-Q: Q3 Net Income $106.5M, Nine-Month Operating Cash Flow $670.5M
LTH sits 73% above its 52-week low of $24.14.
Summary
Life Time's Q3 10-Q confirms 14.2% revenue growth to $893.5M and $106.5M of net income, with free cash flow down to $120.9M as capital spending jumped to $812.0M. Liquidity of $919.1M and a repriced Term Loan keep the balance sheet comfortable.
Key Events · Earnings and Guidance · LTH
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Q3 Revenue Up 14.2% to $893.5M
Total revenue rose to $893.5M from $782.6M, with membership dues up $74.8M and in-center revenue up $35.4M. Net income was $106.5M and diluted EPS $0.46.
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Free Cash Flow Falls on Capex Surge
Nine-month operating cash flow of $670.5M against $812.0M of capital expenditures left free cash flow of $120.9M, down from $216.4M a year earlier.
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Liquidity and Leverage Improve
Cash of $286.2M plus $632.9M of revolver availability totals $919.1M; the August 12 Term Loan amendment cut the margin 0.25% to 1.75%, for a 5.159% effective fixed rate.
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Buyback Slows in Q3
2.6M shares repurchased for $73.4M in the first nine months, none in Q3, leaving $426.6M of the $500M authorization available.
Analysis · LTH · Trade & Services
The 10-Q backs up this morning's earnings release with the full statements. Revenue rose 14.2% to $893.5M and net income reached $106.5M ($0.46 diluted), but the cash story is the one to note: nine-month operating cash flow of $670.5M was consumed by $812.0M of capital spending, leaving free cash flow of $120.9M versus $216.4M a year earlier as the company builds toward 12-14 new centers a year. The balance sheet is comfortable — $286.2M of cash plus $632.9M available on the revolver, leverage down, and a Term Loan repriced 0.25% lower in August. Offsetting that, insiders have sold heavily over the past quarter, and the Chief Digital Officer's retirement (with a consulting deal through 2029) is a management transition worth noting.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 31% of the 1656 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.01%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, LTH was trading at $41.88 on NYSE in the Trade & Services sector, with a market capitalization of approximately $9.6B. The 52-week trading range was $24.14 to $47.24. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.