Beachbody (NASDAQ:BODI) Announces Quarterly Earnings Results, Beats Estimates By $0.26 EPS

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

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 Stock Performance

BODI stock traded down $2.08 during midday trading on Tuesday, hitting $8.14. 48,472 shares of the company traded hands, compared to its average volume of 52,378. The business has a 50 day simple moving average of $10.20 and a 200-day simple moving average of $10.69. The company has a quick ratio of 0.64, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. Beachbody has a twelve month low of $4.05 and a twelve month high of $16.87. The stock has a market capitalization of $58.93 million, a price-to-earnings ratio of 12.15 and a beta of 1.02.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its position in Beachbody by 54.0% in the 4th quarter. Renaissance Technologies LLC now owns 52,769 shares of the company’s stock valued at $547,000 after acquiring an additional 18,505 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Beachbody by 3.6% during 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 in the last quarter. Cruiser Capital Advisors LLC bought a new position in Beachbody in the 3rd quarter valued at $117,000. State Street Corp acquired a new stake in shares of Beachbody in the 4th quarter valued at $166,000. Finally, Jane Street Group LLC bought a new stake in shares of Beachbody during the fourth quarter worth $140,000. Institutional investors and hedge funds own 74.48% of the company’s stock.

Beachbody Company Profile

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.