Life Time (LTH) Q2 2026 Earnings Call Transcript
Life Time Group Holdings (LTH) reported Q2 2026 revenue of $866.0 million, up 13.7%, and adjusted EBITDA of $246.5 million, up 16.8% with a 28.5% margin. Average monthly dues rose 12.3% to $245. Full-year guidance raised to $3.35–$3.375 billion revenue and $940–$955 million adjusted EBITDA. Capex was $263.3 million.
How this was made
The 30-second read
Why it matters
Traders can update expectations for LTH’s 2026 growth and profitability based on raised revenue guidance, adjusted EBITDA guidance with a higher midpoint margin target, and a stated $400M annual sale-leaseback target to support free cash flow. The call also highlights ongoing operational risk in MIORA development and a continued shift away from lower-yield medical memberships.
Market read
Raised 2026 revenue and adjusted EBITDA guidance, plus margin expansion and leverage improvement, are the primary drivers for near-term positioning in LTH.
What to watch
MIORA is still in incubation with technology/process challenges; execution delays could affect future clinic expansion economics even as near-term guidance looks strong.
Background
This is a transcript-style summary of Life Time Group Holdings’ Q2 2026 earnings call, including key financial metrics, guidance, and capital allocation plans.
Ticker impact
Life Time reported Q2 results and raised full-year revenue guidance to $3.35B-$3.375B, alongside higher adjusted EBITDA guidance midpoint.
Likely positive bias for the next session and into earnings-follow-through, assuming the market focuses on raised guidance and margin trajectory.
The article discloses multiple forward-looking datapoints: raised revenue range, adjusted EBITDA range with higher midpoint margin target, and a $400M annual sale-leaseback target supporting free cash flow. It also flags a specific operational risk around MIORA technology/processes, which can temper upside.
Market effects
Reinforces demand resilience in fitness/health club operators via in-center revenue growth and higher-yield membership mix.
Expansion pipeline emphasizes large urban markets (e.g., New York, Miami), which can influence local commercial real estate and staffing demand narratives.
Limited, as the disclosure is company-specific to a US-focused club operator.
Counterpoint
The qualified medical membership decline (down 18.9% in Q2) could pressure total dues growth if standard membership conversion does not fully offset insured-plan churn.
Key entities
- companyLife Time Group Holdings Inc.
Fitness club operator reporting Q2 2026 results, raised full-year guidance, and detailing membership mix strategy, capex, and sale-leaseback plans.
- executiveBahram Akradi
CEO who discussed balance sheet optionality, MIORA incubation, and expansion format acceleration.
- executiveErik Weaver
CFO who presented the financial results, guidance ranges, and capital allocation metrics.
