Beachbody (NASDAQ:BODI) Issues 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 firm had revenue of $49.61 million during the quarter, compared to the consensus estimate 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

Shares of BODI stock opened at $9.01 on Tuesday. The stock has a fifty day simple moving average of $10.20 and a two-hundred day simple moving average of $10.69. Beachbody has a twelve month low of $4.05 and a twelve month 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 company has a current ratio of 0.76, a quick ratio of 0.64 and a debt-to-equity ratio of 0.64.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Roth Capital restated a “neutral” rating and issued a $13.00 target price on shares of Beachbody in a research note on Wednesday, May 13th. Wall Street Zen lowered shares of Beachbody from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research lowered shares of Beachbody from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Noble Financial reiterated an “outperform” rating on shares of Beachbody in a report on Wednesday, May 13th. Finally, Canaccord Genuity Group raised their price target on Beachbody from $15.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Beachbody has an average rating of “Moderate Buy” and a consensus target price of $15.67.

Institutional Investors Weigh In On Beachbody

Institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC raised its position in Beachbody by 54.0% during the fourth quarter. Renaissance Technologies LLC now owns 52,769 shares of the company’s stock worth $547,000 after acquiring an additional 18,505 shares during the period. Geode Capital Management LLC raised its position 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 during the period. Cruiser Capital Advisors LLC purchased a new position in Beachbody during the 3rd quarter valued at about $117,000. State Street Corp acquired a new position in shares of Beachbody in the fourth quarter worth $166,000. Finally, Jane Street Group LLC acquired a new position in shares of Beachbody during the fourth quarter worth about $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.