Beachbody Company, Inc.

Listed Company

BODICIK 0001826889NasdaqNon-AcceleratedSmaller ReportingRetail-Nonstore RetailersDelawareFY ends Dec 31

Period

FY 2024

Revenue

$418.80M

Net Income

$-71.64M

Total Assets

$174.56M

Equity

$28.17M

Shares Out

—

Op. Cash Flow

$2.56M

Business

Beachbody Company, Inc. provides integrated fitness, nutrition and mindset programs through a digital-first wellness platform. It offers digital subscriptions (BODi/BOD), individual digital program purchases, premium nutritional products (e.g., Shakeology, Beachbody Performance, BEACHBAR) and connected fitness products such as the BODi Bike. The company operates business lines across digital subscription services, nutritional product offerings and connected fitness hardware, supported by content production, R&D and an affiliate marketing channel. Its products are sold direct-to-consumer via its e-commerce platforms, affiliates, third‑party marketplaces and OTT/mobile/connected device distribution channels, with outsourced manufacturing and logistics for physical goods.

Summary from filing dated 2025-03-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Revenue	419	527	692	874	864
Cost of revenue	131	204	323	329	250
Gross profit	287	323	370	545	614
Selling and marketing	200	282	360	548	464
Enterprise technology and development	76	74	104	120	93
General and administrative	49	58	78	80	65
Restructuring	8	6	—	—	—
Impairment of goodwill	20	40	0	—	—
Impairment of intangible assets	0	3	—	—	—
Total operating expenses	354	464	573	842	620
Operating loss	−66	−141	−203	−297	−6
Loss on partial debt extinguishment	−2	−3	—	—	—
Impairment of other investment	0	−4	—	—	—
Change in fair value of warrant liabilities	1	3	8	51	0
Interest expense	−7	−9	−3	−536,000	−527,000
Other income, net	3	2	958,000	3	666,000
Loss before income taxes	−71	−153	−197	−244	−6
Income tax provision	−239,000	−37,000	3	16	−15
Net loss	−72	−153	−194	−228	−21
Net loss per common share, basic	−10.51	−24.47	−31.58	−0.83	−0.09
Net loss per common share, diluted	−10.51	−24.47	−31.58	−0.83	−0.09
Weighted-average common shares outstanding, basic	7	6	6	275	240
Weighted-average common share outstanding, diluted	7	6	6	275	240

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Cash and cash equivalents (restricted cash of $0.1 million at December 31, 2024 and 2023, respectively)	20	33	80	104	57
Restricted short-term investments	4	4	—	—	—
Inventory	16	25	54	133	65
Prepaid expenses	9	11	13	16	9
Other current assets	29	46	39	44	38
Total current assets	79	119	186	299	169
Property and equipment, net	13	45	74	113	80
Content assets, net	12	21	35	39	19
Goodwill	65	85	125	—	—
Right-of-use assets, net	3	3	5	7	33
Other assets	3	3	10	8	14
Total assets	175	277	443	638	356
Accounts payable	10	11	18	48	29
Accrued expenses	25	42	64	75	80
Deferred revenue	77	97	96	107	98
Current portion of lease liabilities	1	2	2	2	10
Current portion of Term Loan	10	8	1	—	—
Other current liabilities	5	5	3	4	3
Total current liabilities	128	165	185	236	220
Term Loan	10	21	40	—	—
Long-term lease liabilities, net	2	1	3	5	31
Deferred tax liabilities, net	1,000	10,000	181,000	3	4
Other liabilities	7	6	4	8	2
Total liabilities	146	194	232	252	257
Preferred stock, $0.0001 par value; 100,000,000 shares authorized, none issued and outstanding as of December 31,2024 and 2023	—	—	—	—	—
Additional paid-in capital	672	655	631	610	96
Accumulated deficit	−644	−572	−419	−225	3
Accumulated other comprehensive loss	−49,000	−23,000	37,000	−21,000	−202,000
Total stockholders equity	28	83	212	385	99
Total liabilities and stockholders' equity	175	277	443	638	356

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Impairment of other investments	—	4	—	—	—
Depreciation and amortization expense	31	40	75	60	44
Amortization of content assets	16	24	24	15	7
Provision for inventory	4	11	—	18	3
Realized losses on hedging derivative financial instruments	64,000	222,000	108,000	550,000	92,000
Equity-based compensation	17	24	18	16	5
Deferred income taxes	5,000	−191,000	−3	−16	16
Amortization of debt issuance costs	2	2	733,000	—	—
Paid-in-kind interest expense	808,000	1	598,000	—	—
Loss on partial debt extinguishment	2	3	—	—	—
Change in lease assets	—	2	—	—	—
Gain on sale of property and equipment	−784,000	—	—	—	—
Inventory	4	18	42	−74	−28
Content assets	−6	−10	−20	−31	−16
Prepaid expenses	2	2	3	−7	6
Other assets	17	−4	4	—	—
Accounts payable	−906,000	−7	−27	8	11
Accrued expenses	−17	−20	−9	−11	22
Deferred revenue	−17	2	−10	7	25
Other liabilities	−631,000	−415,000	−5	—	—
Net cash provided by (used in) operating activities	3	−23	−47	−215	61
Purchase of property and equipment	−5	−7	−26	−78	−38
Investment in restricted short-term investments	—	−4	—	—	—
Proceeds from sale of property and equipment	6	—	—	—	—
Net cash provided by (used in) investing activities	1	−11	−26	−125	−47
Debt repayments	−16	−17	−625,000	−42	−32
Proceeds from issuance of common shares in the Employee Stock Purchase Plan	272,000	553,000	—	—	—
Tax withholdings payments for vesting of restricted stock	−263,000	−2	−183,000	—	—
Proceeds from issuance of Equity Offering, net of issuance costs	—	5	—	—	—
Net cash used in financing activities	−16	−14	48	391	165,000
Effect of exchange rates on cash, cash equivalents and restricted cash	−974,000	398,000	−858,000	16,000	354,000
Net decrease in cash, cash equivalents and restricted cash	−13	−47	−27	50	15
Cash paid during the year for interest	4	5	2	466,000	206,000
Cash paid during the year for income taxes, net	232,000	11,000	389,000	—	—
Property and equipment acquired but not yet paid for	225,000	817,000	2	10	6
Change in fair value of term loan warrants due to amended exercise price	192,000	802,000	—	—	—
Paid-in-kind fee recorded as incremental debt issuance cost	818,000	488,000	—	—	—

Filings

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