Highest-materiality recent filing
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 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.
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 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.
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 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 (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 (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.
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.
BODi Q2 revenue $134.9M (-25% YoY); net loss improved to $25.7M; Q3 guided $120-130M revenue
Revenue $134.9M vs $179.1M prior year; digital subs 1.53M (-33%).
Beachbody amends credit facility; covenants lowered, maturity shortened, $15M prepaid
Minimum revenue covenant set at $100M/qtr through Mar 2024, then $120M; liquidity floor $20M then $25M.
Beachbody appoints Mark Goldston as Executive Chairman; CEO Daikeler forfeits 8M shares
Mark Goldston appointed Executive Chairman effective June 15, 2023; replaces Carl Daikeler as Chairman; Daikeler remains CEO and director.
Beachbody Q1 revenue $144.9M (down 27% YoY), net loss improves to $29.2M from $73.5M
Total revenue $144.9M vs $198.9M YoY; digital subscriptions 1.75M (down 28.9%).
Beachbody dismisses EY as auditor, hires Deloitte; cites material weaknesses in internal controls
EY dismissed as independent auditor effective April 11, 2023; Deloitte & Touche engaged for fiscal 2023.
Beachbody Q4 2022 revenue $148.2M (-31% YoY); net loss $44.9M; Q1 outlook $135-140M
Total revenue $148.2M in Q4 2022, down 31% YoY; full-year revenue $692.2M, down 21%.
Filed petition on Feb 16, 2023 to validate 2021 charter increase of Class A common stock from 300M to 1.6B shares.
Beachbody receives NYSE non-compliance notice for share price below $1.00
Received NYSE deficiency letter Nov 23, 2022; average closing price below $1.00 over 30 trading days.
Beachbody Q3 revenue $165.9M beats guidance; net loss narrows to $33.9M
Revenue $165.9M (down 20% YoY) exceeded mid-point of guidance by 7%.
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.
Mr. Goldston was also appointed to serve as Executive Chairman of the Board.
Mr. Goldston’s appointment as Executive Chairman replaces the service of Carl Daikeler, the Company’s co-founder and Chief Executive Officer, in his capacity as Chairman of the Board, and Mr. Daikeler will continue serving as the Company’s Chief Executive Officer and director.
to appoint, as of the Effective Time, Ann Lundy to serve as a member of the Board, filling the vacancy on the Board resulting from such increase. Ms. Lundy was also appointed to serve as the chair of the Audit Committee of the Board.
On October 28, 2022, The Beachbody Company, Inc. (the “Company”) announced that Jonathan Congdon, Co-Founder and Vice Chairman of the Company, will retire from the Company to pursue other opportunities, effective December 31, 2022.
On May 10, 2022, The Beachbody Company, Inc.’s (the “Company”) Board of Directors (the “Board”) appointed Marc Suidan as the Company’s Chief Financial Officer, effective as of May 10, 2022.
Additionally, on May 10, 2022, the Board approved the appointment of Kathy Vrabeck as the Company’s Chief Operating Officer, effective retroactively as of April 15, 2022.
Max materiality 0.85 · Median 0.62 · Most common event earnings