The Beachbody Company, Inc., now known as BODi, announced its financial results for the fourth quarter and full-year 2025. The company recorded a net income for the second consecutive quarter and experienced a positive adjusted EBITDA for the ninth consecutive quarter. The company generated positive free cash flow with $39 million in cash on its balance sheet and said it is now preparing for the next phase of its growth strategy.
“Over the past two years, we have taken bold steps to completely transform our company and our fourth quarter results are indicative of our successful efforts,” said Carl Daikleler, BODi Co-founder and Chief Executive Officer. “Looking ahead, our strengthened financial position along with our innovation pipeline, launching in early 2026, will leverage the brand equity we have built in P90X, Insanity and Shakeology across new channels and price points which fundamentally broadens our addressable market while maintaining the operational discipline that delivered this turnaround.”
Total revenue during the fourth quarter of 2025 was $55.5 million, down from $86.4 million in Q4 2024. Digital revenue was the company’s strongest driver with $34.3 million, but this was down from $50.4 million in the prior year’s quarter. Nutrition and Other revenue accounted for $21.2 million, down from $34.8 million in Q4 2024.
Gross margin in the quarter was 74.5%, up from 70.5% in the previous year’s period. Operating income during the quarter improved by $41.1 million and provided its second consecutive quarter of operating income. Adjusted EBITDA was $12.9 million, up from $8.7 million in Q4 2025.
Full-year 2025 revenue was $251.7 million, down from $418.8 million in 2024, and was fueled by Digital revenue, $153.3 million; Nutrition and Other revenue, $97.6 million; and Connected Fitness, $0.9 million. Gross margin in 2025 was 73%, up from 68.6% in 2024. Adjusted EBITDA was $30.8 million with an adjusted net income of $3.5 million. This was BODi’s first full year of adjusted net income since going public and was a significant improvement over a loss of $31.2 million in 2024.
