Life Time Group Holdings Inc 2026年季度报告

FORM 10-Q (MarkOne) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period ended March31, 2026OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period fromtoCommission File Number: 001-40887 Life Time Group Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware47-3481985(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.) 2902 Corporate PlaceChanhassen, Minnesota 55317(952) 947-0000 (Address of principal executive offices, including zip code; Registrant’s telephone number, including area code) (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days.Yes☒No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒As ofMay 1, 2026, the registrant had 222,602,738 shares of common stock outstanding, par value $0.01 per share. Table of Contents TABLE OF CONTENTS Part I. FINANCIAL INFORMATION3Item 1. Financial Statements3Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations20Item 3. Quantitative and Qualitative Disclosures About Market Risk31Item 4. Controls and Procedures31Part II. OTHER INFORMATION32Item 1. Legal Proceedings32Item 1A. Risk Factors32Item 2. Unregistered Sales of Equity Securities and Use of Proceeds32Item 3. Defaults Upon Senior Securities32Item 4. Mine Safety Disclosures32Item 5. Other Information33Item 6. Exhibits33Signatures34 PART I — FINANCIAL INFORMATION ITEM1. FINANCIAL STATEMENTS LIFE TIME GROUP HOLDINGS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(In thousands, except per share data)(Unaudited) LIFE TIME GROUP HOLDINGS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except per share data)(Unaudited) LIFE TIME GROUP HOLDINGS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(In thousands)(Unaudited) Three Months EndedMarch 31, LIFE TIME GROUP HOLDINGS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands)(Unaudited) Three Months EndedMarch 31, LIFE TIME GROUP HOLDINGS, INC. AND SUBSIDIARIESNOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Table amounts in thousands except per share data) 1. Nature of Business and Basis of Presentation Nature of Business Life Time Group Holdings, Inc. (collectively with its direct and indirect subsidiaries, “Life Time,” “we,” “our,” or the “Company”) is aholding company incorporated in the state of Delaware. As a holding company, Life Time Group Holdings, Inc. does not have its ownindependent assets or business operations, and all of our assets and business operations are through Life Time, Inc. and its direct andindirect subsidiaries. We are primarily dedicated to providing premium health, fitness and wellness experiences at our athletic countryclub destinations and via our comprehensive digital platform and portfolio of iconic athletic events – all with the objective of inspiringhealthier, happier lives. We design, build and operate our athletic country club destinations that are distinctive and large, multi-usesports and athletic, professional fitness, family recreation and spa centers in a resort-like environment. As of March31, 2026, weoperated 190 centers in 31 states and one Canadian province. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accountingprinciples generally accepted in the United States of America (“GAAP”) f