•Total revenue of $761.5 million increased 14.0% over the prior year quarter

•Net income of $72.1 million increased 36.6% over the prior year quarter

•Diluted EPS of $0.32 increased 23.1% over the prior year quarter

•Adjusted net income of $84.1 million increased 60.5% over the prior year quarter

•Adjusted EBITDA of $211.0 million increased 21.6% over the prior year quarter

•Adjusted diluted EPS of $0.37 increased 48.0% over the prior year quarter

•Achieved positive free cash flow for the fifth consecutive quarter

•Reduced net debt leverage ratio to 1.8 times

•Raised 2025 outlook

CHANHASSEN, Minn. (August 5, 2025) – Life Time Group Holdings, Inc. (“Life Time,” “we,” “our,” “us,” or the “Company”) (NYSE: LTH) today announced its financial results for the fiscal second quarter ended June 30, 2025.

Bahram Akradi, Founder, Chairman and CEO, stated: “We are pleased with our second quarter results and the momentum we are seeing in our business. Total visits, visits per membership, and retention continued to achieve all-time highs. Our business performance, combined with the strength of our balance sheet and cash flow, positions us well to continue to grow, including modestly accelerated new club growth in 2026 from our robust club development pipeline.”

(1)    The three months ended June 30, 2025 and 2024 included non-cash share-based compensation expense of $14.2 million and $9.7 million, respectively. The six months ended June 30, 2025 and 2024 included non-cash share-based compensation expense of $24.5 million and $16.8 million, respectively.

•Revenue increased 14.0% to $761.5 million due to continued strong growth in membership dues and in-center revenue, driven by an increase in average dues, membership growth in our new and ramping centers, and higher member utilization of our in-center offerings, particularly in Dynamic Personal Training.

•Center memberships of 849,643 increased by 17,007, or 2.0%, when compared to June 30, 2024, and increased by 23,269, or 2.8%, from March 31, 2025, which sequential growth was due in part to typical seasonality.

•Total subscriptions, which include center memberships and on-hold memberships, of 898,850 increased 2.3% compared to June 30, 2024.

•Center operations expenses increased 13.6% to $403.9 million primarily due to operating costs related to our new and ramping centers, additional center operating expenses related to increased club utilization in our mature centers, as well as costs to support in-center business revenue growth.

•General, administrative and marketing expenses increased 16.0% to $61.7 million primarily due to the timing of share-based compensation and benefit-related expenses, increases in center support overhead to enhance and broaden our member services and experiences, information technology costs, and costs attributable to the secondary offering of common stock completed in June 2025.

•Net income increased 36.6% to $72.1 million primarily due to improved business performance and tax-effected net cash proceeds of $9.3 million received from employee retention credits under the CARES Act, partially offset by a tax-effected net loss of $9.0 million on a sale-leaseback transaction. Net income in the prior year period included tax-effected net benefits of $6.0 million from a net gain on sale-leaseback transactions and $3.4 million from a gain on the sale of land.

•Adjusted net income increased 60.5% to $84.1 million and Adjusted EBITDA increased 21.6% to $211.0 million as we experienced greater flow through of our increased revenue and benefited from the structural improvements to our business that have improved our margins.

•Revenue increased 16.1% to $1,467.5 million due to continued strong growth in membership dues and in-center revenue, driven by an increase in average dues, membership growth in our new and ramping centers, and higher member utilization of our in-center offerings, particularly in Dynamic Personal Training.

•Center operations expenses increased 14.4% to $774.9 million primarily due to operating costs related to our new and ramping centers, additional center operating expenses related to increased club utilization in our mature centers, as well as costs to support in-center business revenue growth.

•General, administrative and marketing expenses increased 17.0% to $119.5 million primarily due to the timing of share-based compensation and benefit-related expenses, increases in center support overhead to enhance and broaden our member services and experiences, information technology costs, and costs attributable to the secondary offerings of common stock completed in February and June 2025.

•Net income increased 90.7% to $148.2 million primarily due to improved business performance, a $15.0 million tax benefit as a result of an excess tax deduction associated with stock option exercises, and the tax-effected net cash proceeds of $10.5 million received from employee retention credits under the CARES Act, partially offset by a tax-effected net loss of $10.2 million on a sale-leaseback transaction. Net income in the prior year period included tax-effected net benefits of $5.8 million from a net gain on sale-leaseback transactions and $3.3 million from a gain on the sale of land.

•Adjusted net income increased 106.7% to $172.4 million and Adjusted EBITDA increased 26.0% to $402.6 million as we experienced greater flow through of our increased revenue and benefited from the structural improvements to our business that have improved our margins.

•We opened four new centers during the second quarter of 2025.

•As of June 30, 2025, we operated a total of 184 centers.

•Net cash provided by operating activities for the six months ended June 30, 2025 was $379.6 million, an increase of 45.5% compared to the prior year period.

•We achieved positive free cash flow of $112.5 million for the second quarter of 2025, including $138.8 million of net proceeds from a sale-leaseback transaction of three properties. We achieved positive free cash flow of $153.8 million for the six months ended June 30, 2025.

•Our capital expenditures by type of expenditure were as follows:

(1)    Consist of new center land and construction, initial major remodels of acquired centers, major remodels of existing centers that expand existing square footage, asset acquisitions including the purchase of previously leased centers and other growth initiatives.

•Our net debt leverage ratio improved to 1.8 times as of June 30, 2025, from 3.0 times as of June 30, 2024.

•As of June 30, 2025, our total available liquidity was $794.0 million, which included $618.5 million of availability on our $650.0 million revolving credit facility and $175.5 million of cash and cash equivalents. At June 30, 2025, there were no outstanding borrowings under our revolving credit facility and there were $31.5 million of outstanding letters of credit. Our $175.5 million of cash and cash equivalents is higher than historical levels due to the sale-leaseback transaction completed shortly before the end of the quarter. We expect to use this cash to fund our growth initiatives.

•Effective April 8, 2025, we entered into interest rate swap agreements for our entire term loan facility notional amount of $997.5 million, which converted the variable interest rate of our term loan facility to a fixed interest rate of 3.409%, plus the applicable margin that was reduced 0.25% to 2.25% effective June 19, 2025.

•On June 18, 2025, S&P Global Ratings upgraded the Company’s issuer credit rating to ‘BB-’ from ‘B+’. As a result, our term loan facility margin improved by 25 basis points as described immediately above and our revolving credit facility improved by 25 basis points to Secured Overnight Financing Rate (SOFR) plus 2.00%, or the Base Rate plus 1.00%.

•Open 10 new centers.

•Manage our net debt leverage ratio to remain at or below 2.00 times.

•Comparable center revenue growth of 9.5% to 10.0%, increased from our previous expectations of 8.5% to 9.5%.

•Adjusted EBITDA growth driven primarily by dues revenue growth and expanded operating leverage.

•Rent to include non-cash rent expense of $34 million to $37 million, decreased from our previous expectations of $35 million to $38 million.

•Interest expense, net of interest income and capitalized interest, of approximately $80 million to $84 million.

•Provision for income tax rate estimate of 24%, increased from our previous expectations of 23%.

•Cash income tax expense of $25 million to $27 million, which compares to our previous expectation of $39 million to $41 million and reflects tax benefits of the One Big Beautiful Bill Act.

•Depreciation and amortization expense of $288 million to $294 million, tightened from our previous expectation of $286 million to $294 million.

•Complete $100 million in additional sale-leaseback transactions in the second half of the year, resulting in total gross proceeds of approximately $250 million for the year.

•Date: Tuesday, August 5, 2025

•Time: 10:00 a.m. ET (9:00 a.m. CT)

•U.S. dial-in number: 1-877-451-6152

•International dial-in number: 1-201-389-0879

•Webcast: LTH 2Q 2025 Earnings Call

•A link to the live audio webcast of the conference call will be available at https://ir.lifetime.life.

Webcast – A recorded replay of the webcast will be available within approximately three hours of the call’s conclusion and may be accessed at: https://ir.lifetime.life.

Conference Call – A replay of the conference call will be available after 1:00 p.m. ET the same day through August 19, 2025:

•U.S. replay number: 1-844-512-2921

•International replay number: 1-412-317-6671

•Replay ID: 1375 4608

Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its portfolio of more than 180 athletic country clubs across the United States and Canada, the complimentary, comprehensive Life Time app and nearly 30 of the most iconic athletic events in the country. The health and wellness pioneer uniquely serves people 90 days to 90+ years old through its healthy living, healthy aging, healthy entertainment communities and ecosystem, along with a range of healthy way of life programs and information, and highly trusted LTH nutritional supplements and products. Life Time was recently certified as a Great Place to Work®, reinforcing its commitment to fostering an exceptional workplace culture on behalf of its more than 49,000 dedicated team members.

Ken Cooper, Investor Relations // kcooper2@lt.life or 952-406-2322

Connor Wienberg, Investor Relations // cwienberg@lt.life or 952-229-7401

Jason Thunstrom, Corporate Communications // jthunstrom@lt.life or 952-229-7435

(3)    Net new center openings is calculated as the number of centers that opened for the first time to members during the period, less any centers that closed during the period. Total centers (end of period) is the number of centers operational as of the last day of the period. During the three months ended June 30, 2025, we opened four centers.

(a)    Share-based compensation expense recognized during the three and six months ended June 30, 2025, was associated with stock options, restricted stock units, performance stock units, our employee stock purchase plan (“ESPP”), and liability-classified awards related to our 2025 short-term incentive plan. Share-based compensation expense recognized during the three and six ended June 30, 2024, was associated with stock options, restricted stock units, performance stock units, our ESPP and liability-classified awards related to our 2024 short-term incentive plan.

(e)    Includes (i) legal-related expenses in pursuit of our claim against Zurich of $0.3 million for the three months ended June 30, 2024, and $0.1 million and $0.5 million for the six months ended June 30, 2025 and 2024, respectively, (ii) gain on sales of land of $4.3 million for the three and six months ended June 30, 2024, and (iii) other immaterial transactions that are unusual or non-recurring in nature of $0.1 million for the six months ended June 30, 2025.

(9)    Reflects the non-cash portion of our annual GAAP operating lease expense that is greater or less than the cash operating lease payments. Non-cash rent expense for our open properties represents non-cash expense associated with properties that were operating at the end of each period presented. Non-cash rent expense for our properties under development represents non-cash expense associated with properties that are still under development at the end of each period presented.