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

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

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

Shares of Beachbody stock opened at $9.01 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.64 and a current ratio of 0.76. Beachbody has a 52 week low of $4.05 and a 52 week high of $16.87. The stock has a market capitalization of $65.23 million, a price-to-earnings ratio of 12.98 and a beta of 1.02. The firm has a fifty day moving average of $10.20 and a two-hundred day moving average of $10.69.

Institutional Trading of Beachbody

A number of hedge funds have recently made changes to their positions in BODI. State Street Corp acquired a new position in Beachbody in the 4th quarter valued at $166,000. Jane Street Group LLC bought a new position in shares of Beachbody during the fourth quarter worth about $140,000. Renaissance Technologies LLC boosted its position in Beachbody by 54.0% during the fourth 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 during the last quarter. Geode Capital Management LLC increased its stake in Beachbody by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 32,503 shares of the company’s stock valued at $337,000 after purchasing an additional 1,125 shares in the last quarter. Finally, Cruiser Capital Advisors LLC purchased a new stake in shares of Beachbody in the third quarter worth approximately $117,000. 74.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BODI has been the topic of several recent research reports. Zacks Research lowered Beachbody from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Canaccord Genuity Group boosted their price target 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 shares of Beachbody from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings upgraded Beachbody from a “sell (d-)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Finally, Noble Financial restated an “outperform” rating on shares of Beachbody in a report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $15.67.

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.