Highest-materiality recent filing
Nine nominees elected: Mary Conlin (28,066,911 for), Carl Daikeler, Kristin Frank, Mark Goldston, Michael Heller, Ann Lundy, Kevin Mayer, John Salter, Ben Van de Bunt.
Beachbody posts Q1 net income of $2.3M, third consecutive profitable quarter; revenue down 25% YoY
Q1 revenue $54.3M vs $72.4M YoY; digital subs 0.81M (-20.6%), nutrition subs 0.06M (-25%).
BODi Q4 net income $5.2M, first full-year operating income since IPO; revenue down 36% YoY
Q4 revenue $55.5M (down 36% YoY); net income $5.2M vs loss of $34.6M last year, marking second consecutive profitable quarter.
Beachbody amends credit agreement, removes capex covenant, raises liquidity floor to $15M
Minimum liquidity increased from $12M to $15M; maximum capex covenant eliminated.
Beachbody (BODi) reports Q3 net income $3.6M, first since 2021 IPO; revenue $59.9M
Q3 revenue $59.9M (down 41% YoY) but net income $3.6M, first since going public in 2021.
Beachbody to transfer stock listing from NYSE to Nasdaq effective Sept 3, 2025
Notice provided to NYSE on Aug 20, 2025; last trading on NYSE expected Sept 2.
Beachbody Q2 revenue $63.9M, net loss narrows to $5.9M; sees Q3 adj. EBITDA $2-6M
Total revenue $63.9M (down 42% YoY), with digital $39.7M, nutrition $24.2M, connected fitness $0.1M.
All nine director nominees elected: Conlin, Daikeler, Frank, Goldston, Heller, Lundy, Mayer, Salter, Van de Bunt.
BODi Q1 revenue $72.4M (-39.7% YoY), net loss improves to $5.7M; new $25M loan facility
Revenue $72.4M vs $120.0M prior year; net loss $5.7M vs $14.2M; adjusted EBITDA $3.7M, sixth consecutive positive quarter.
Beachbody receives NYSE delisting notice for market cap/equity below $50M minimum
NYSE notified Beachbody on April 10 that avg. market cap was below $50M over 30 trading days and stockholders' equity also under $50M.
Beachbody COO Kathy Vrabeck retires effective April 1; equity awards accelerated
Kathy Vrabeck retired as COO of The Beachbody Company, effective April 1, 2025.
Beachbody Q4 revenue $86.4M, down 27% YoY; adjusted EBITDA positive for 5th consecutive quarter
Q4 revenue $86.4M (down 27% YoY) at high-end of guidance; gross margin 70.5% up 830 bps.
Beachbody enhances Interim CFO Brad Ramberg's severance package with new letter agreement
Brad Ramberg, Interim CFO with 18+ years tenure, receives new severance letter dated Feb 24, 2025.
Beachbody raises Executive Chairman salary to $500K, with $700K target upon loan payoff
Compensation Committee approved $500,000 base salary for Mark Goldston effective March 1, 2025.
COO Kathy Vrabeck to retire from Beachbody effective April 1, 2025
Kathy Vrabeck notified the company of her retirement as COO on February 11, 2025.
Beachbody adopts amended bylaws addressing universal proxy rules and proxy card color
Board approved amendments to Second Amended and Restated Bylaws effective December 12, 2024.
Beachbody amends executive option, reprices underwater options to $6.43
Committee amended Goldston's option covering 477,661 shares (post-1-for-50 split) to time-based vesting only, removing performance goals.
Beachbody Q3 revenue $102.2M (-20% YoY); net loss improves to $12.0M; positive Adj. EBITDA $10.1M
Revenue $102.2M vs $128.3M prior year; digital subs 1.11M (-19.7% YoY).
Beachbody amends credit facility: removes revenue covenant, adds EBITDA covenant, $3.2M prepayment
Removed minimum revenue covenant; added minimum EBITDA covenant for each fiscal quarter.
Workforce reduction of ~33%; expects $6-8M cash severance charges in Q3 2024, $11M non-cash charges in Q4 2024.
Beachbody appoints Brad Ramberg as Interim CFO, grants $100K RSU
Compensation Committee approved RSU award of $100,000 to Brad Ramberg on August 5, 2024.
Beachbody (BODI) Q2 revenue $110.2M, net loss narrows; positive adj. EBITDA
Q2 revenue $110.2M (down 18.4% YoY); net loss improved to $10.9M from $25.7M.
Beachbody CFO Marc Suidan to resign; Brad Ramberg appointed interim CFO
CFO Marc Suidan resigns effective August 15, 2024 to pursue other opportunities.
Beachbody stockholders approve 350,000 share increase to 2021 Incentive Award Plan
All nine director nominees elected; say-on-pay advisory vote approved.
Beachbody (BODi) reports Q1 revenue $120M, positive free cash flow $7.4M, first since 2020
Revenue $120.0M (down 17.2% YoY) beat midpoint of guidance; net loss improved to $14.2M from $29.2M.
Severance equal to 0.5x base salary (1x if termination within 12 months after change in control), paid over 6 months.
Beachbody amends term loan: revenue covenant lowered to $100M/quarter, $25.5M outstanding
Quarterly revenue floor reduced to $100M through Dec 2024, then $110M through Dec 2025.
Beachbody Q4 revenue $119M, net loss $65M; guides Q1 2024 positive free cash flow
Q4 total revenue $119.0M, down 19.7% YoY; digital subs 1.31M (-33%) and nutrition subs 0.16M (-25%).
Beachbody sells Van Nuys production facility for $6.2M, reduces term loan by $5.5M
Sold Van Nuys production facility (net carrying $4.8M) for $6.2M; entered 5-year lease with 2 three-year extension options.
Beachbody (BODY) to change ticker to 'BODI' effective March 4, 2024
Ticker changes from 'BODY' to 'BODI' at NYSE market open on March 4, 2024.
Kathy Vrabeck retired from the Company as its Chief Operating Officer, effective as of April 1, 2025.
On February 11, 2025, Kathy Vrabeck, Chief Operating Officer of The Beachbody Company, Inc. (the “Company”), notified the Company that she will retire from the Company, effective as of April 1, 2025.
On September 30, 2024, Michael Neimand, President, Beachbody, was provided notice that his position was being eliminated in connection with the Pivot and decided not to take an alternative position as offered by the Company.
to be effective as of Mr. Ramberg’s appointment as the Company’s Interim Chief Financial Officer on August 15, 2024
Effective as of Mr. Suidan’s departure, Brad Ramberg, the Company’s Executive Vice President – Strategic Initiatives, will be appointed Interim Chief Financial Officer
On July 12, 2024, Marc Suidan, the Chief Financial Officer of The Beachbody Company, Inc. (the “Company”) informed the Company of his decision to resign from his position, effective August 15, 2024 to pursue other business opportunities.
Max materiality 0.85 · Median 0.65 · Most common event earnings