Life Time Group Holdings, Inc. · LTH · FY2026 Q1 · Calendar Q2 2026

Life Time Q1 Growth and Margin Gains Come With a Heavy Buildout

Life Time's Q1 results support a growth case built on membership mix, pricing and in-center services, with management raising its full-year adjusted EBITDA margin outlook. The case depends on converting higher investment and club openings into sustained member demand and cash generation.

Reported Before market openNYSEConsumer Cyclical $10.13B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $0.42 Consensus $0.39
EPS surprise +7.7% Reported versus consensus
Reported revenue $788.7M Consensus $787.7M
Revenue surprise +0.1% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move +11.8% Event window
SPY move +0.8% Same window
Abnormal move +11.0% Stock minus SPY
Volume 4.0× Versus trailing sessions
Subsequent drift +8.1% Up to 20 sessions
LTHSPY benchmark

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Transcript intelligence

What changed

Management reported Q1 revenue growth of 11.7% and adjusted EBITDA margin expansion to 28.7%, and raised its full-year adjusted EBITDA margin guidance to 28%. Capital expenditures increased 82% to $260 million as the company funded club construction. The quarter's transcript also described $200 million of sale-leaseback proceeds and a $400 million full-year target.

Guidance delta

Management raised full-year adjusted EBITDA margin guidance to 28%. The supplied prior-quarter analysis characterized guidance as maintained; the current call's margin outlook is higher.

Key takeaways

  • Revenue grew 11.7%, supported by higher dues, improved membership mix and in-center services.
  • Adjusted EBITDA rose 18.3%, with margin expanding to 28.7%; management raised the full-year margin outlook to 28%.
  • Capex rose 82% to $260 million to support club construction; management cited $200 million in sale-leaseback proceeds and a $400 million annual target.

Management priorities

  • Open the remaining nine clubs scheduled for 2026 and continue construction for later locations.
  • Grow member mix and in-center offerings, including Dynamic Personal Training and new programs.
  • Expand MIORA and the Lifetime Health and Wellness Hub.
  • Generate sale-leaseback proceeds while maintaining positive free cash flow.

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Earnings History

Estimate Beat Miss Match
LTH REVENUE earnings history estimate and actual scatter chart 10 reported fiscal quarters and 4 future estimate-only quarters. Q2 '24 estimate $673M Q2 '24 actual $668M, miss Q3 '24 estimate $634M Q3 '24 actual $693M, beat Q2 '25 estimate $771M Q2 '25 actual $761M, miss Q3 '25 estimate $771M Q3 '25 actual $783M, beat Q4 '25 estimate $741M Q4 '25 actual $745M, beat Q1 '26 estimate $788M Q1 '26 actual $789M, beat Q2 '26 estimate $846M Q2 '26 actual $866M, beat Q3 '26 estimate $875M Q3 '26 actual $894M, beat Q4 '26 estimate $841M Q1 '27 estimate $889M Q2 '27 estimate $972M Q3 '27 estimate $1B
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Analyst Consensus ?

ConsensusBuy16 ratings
Bullish1487.5%
Neutral212.5%
Bearish00.0%

Analyst 52W Price Targets

$45.1Current
$15Low
$47.04Average
$68High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 1, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Wells Fargo Overweight OverweightMaintainOct 30, 2026
Keybanc Overweight OverweightMaintainOct 30, 2026
Guggenheim Buy BuyMaintainOct 30, 2026
Barclays Overweight OverweightMaintainOct 30, 2026
Morgan Stanley Overweight OverweightMaintainOct 27, 2026
Show 11 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $45.1. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
GuggenheimJohn Heinbockel$53$45.35 +17.5%Oct 30, 2026
KeyBancNoah Zatzkin$55$45.35 +22.0%Oct 30, 2026
Goldman SachsJoe Keypour$56$45.35 +24.2%Oct 30, 2026
Mizuho SecuritiesAnalyst unavailable$68$44.28 +50.8%Oct 27, 2026
BarclaysBrandt Montour$51$41.93 +13.1%Oct 26, 2026
See 38 more

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Company context

Snapshot as of publication

Life Time Group Holdings, Inc. (LTH) delivers extensive health, fitness, and well-being experiences to its individual clientele throughout the United States and Canada. The company's primary business involves the design, construction, and operation of upscale, resort-inspired centers, which integrate facilities for sports, athletics, professional fitness, family recreation, and spa services. These establishments are predominantly situated in urban and suburban areas within major metropolitan regions. Inside these comprehensive centers, members can access fully equipped exercise areas, private locker rooms, a variety of group fitness studios, both indoor and outdoor swimming pools, on-site dining options such as bistros and LifeCafe, and athletic courts for tennis and basketball. Additional amenities include LifeSpa services and dedicated childcare along with Kids Academy educational programs.…

Historical context

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-11-01T20:00:49.665826+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-01T20:00:49.663225+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-11-01. For educational purposes only; not investment advice.