Beachbody (NASDAQ:BODI) Issues Quarterly Earnings Results, Beats Expectations By $0.26 EPS

Beachbody (NASDAQ:BODI) announced its quarterly earnings data on Monday. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.26, Zacks reports. The business had revenue of $49.61 million for the quarter, compared to analysts’ expectations of $49.30 million. Beachbody had a return on equity of 33.74% and a net margin of 2.21%.

Here are the key takeaways from Beachbody’s conference call:

• Profitability continued to improve: Q2 revenue of $49.6 million exceeded the midpoint of guidance, while net income reached $1.4 million and adjusted EBITDA was $6.7 million, marking the fourth consecutive quarter of positive net income and the 11th consecutive quarter of positive adjusted EBITDA.
• The company is accelerating its nutrition-led, multi-channel strategy. Shakeology expanded to 131 Sprouts stores with reorders, launched in 481 Vitamin Shoppe locations, and P90X supplements recently became available on Amazon, while energy drinks are scheduled for a Southern California test market in late Q3 or Q4.
• Revenue remains under pressure during the transition away from the legacy MLM model. Q2 revenue declined 22.4% year over year to $49.6 million, digital subscribers fell 19.1% to 760,000, and free cash flow was negative $5.7 million for the first six months due primarily to inventory investment and declining deferred revenue.
• Management guided for Q3 revenue of $44 million to $48 million, net income between a $3 million loss and breakeven, and adjusted EBITDA of $3 million to $6 million. Executives expect Shopify optimization, lower-cost nutrition customer acquisition, retail expansion, Amazon sales, and upcoming fitness launches to begin contributing more meaningfully in late 2026 and into 2027.

Beachbody Price Performance

Beachbody stock traded down $2.30 during midday trading on Tuesday, hitting $7.92. 45,746 shares of the company’s stock were exchanged, compared to its average volume of 52,350. The company has a market cap of $57.34 million, a P/E ratio of 11.74 and a beta of 1.02. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.64 and a current ratio of 0.76. The stock has a 50-day moving average price of $10.20 and a two-hundred day moving average price of $10.69. Beachbody has a 52-week low of $4.05 and a 52-week high of $16.87.

Institutional Trading of Beachbody

Large investors have recently modified their holdings of the business. Cruiser Capital Advisors LLC purchased a new stake in Beachbody in the third quarter valued at approximately $117,000. Jane Street Group LLC purchased a new position in Beachbody in the 4th quarter worth approximately $140,000. State Street Corp purchased a new position in Beachbody in the 4th quarter worth approximately $166,000. Geode Capital Management LLC increased its holdings in shares of Beachbody by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 32,503 shares of the company’s stock worth $337,000 after buying an additional 1,125 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Beachbody by 54.0% in the 4th quarter. Renaissance Technologies LLC now owns 52,769 shares of the company’s stock worth $547,000 after buying an additional 18,505 shares during the last quarter. Institutional investors own 74.48% of the company’s stock.

Analyst Ratings Changes

BODI has been the topic of several research reports. Weiss Ratings raised shares of Beachbody from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Canaccord Genuity Group increased their target price on Beachbody from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Wall Street Zen cut Beachbody from a “buy” rating to a “hold” rating in a research report on Saturday. Noble Financial reissued an “outperform” rating on shares of Beachbody in a report on Wednesday, May 13th. Finally, Zacks Research downgraded Beachbody from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.33.

About Beachbody

Beachbody is a consumer-oriented health and fitness company based in Santa Monica, California. Founded in 1998 by Carl Daikeler and Jon Congdon, the company originally gained prominence through at-home workout programs distributed on DVD. Over time, Beachbody has transitioned much of its content delivery to a subscription-based digital platform, offering on-demand streaming of exercise routines, meal plans and wellness coaching.

The company’s portfolio includes a range of branded fitness programs—such as P90X, Insanity, 21 Day Fix and Body Beast—alongside nutrition and supplement products marketed under the Beachbody Nutrition brand.