Life Time Group Holdings, Inc. (LTH) SEC Filings & Earnings Calls

Board instability with two director resignations.

“Two directors resigned on same date.”

Debt refinancing reduces interest cost but does not reduce principal; leverage remains unchanged.

“The Amendment provides for a refinancing of the $985 million term loan facility to reduce the interest rate margin by 0.25% to 1.75%.” · word for word

Insider/blockholder selling pressure

“As a result of the August 10, 2026 Offering, on August 10, 2026, the Reporting Persons ceased to be the beneficial owner of more than five percent of the shares of Common Stock.” · word for word

Insider/blockholder selling pressure

“As a result of the August 10, 2026 Offering, on August 10, 2026, the Reporting Persons ceased to be the beneficial owner of more than five percent of the shares of Common Stock.” · word for word

Macroeconomic and geopolitical uncertainty

“There continues to be macroeconomic and geopolitical uncertainty in many markets around the world, including as a result of military operations in the Middle East, the international unrest, and new or elevated tariffs, which combined have increased certain of our expenses and capital expenditures, but have not had a material impact on our business.” · word for word

High growth capex and free cash flow pressure

“Free cash flow (10) $ 146,489 $ 112,465 $ 85,266 $ 153,839” · word for word

Membership growth modest at 1.2%; revenue growth driven by pricing/mix rather than volume.

“Center memberships increased only 1.2% YoY.”

Insider selling / ownership reduction

“As a result of the May 21, 2026 Offering, on May 21, 2026 the Reporting Persons ceased to be the beneficial owner of more than five percent of the shares of Common Stock.” · word for word

Insider selling by major shareholder

“On May 21, 2026, Green LTF, Associates VI-A and Associates VI-B sold 2,951,282, 4,999 and 49,819 shares of Common Stock, respectively, at a price of $32.51 per share.” · word for word

Insider selling by major shareholder

“On May 21, 2026, Green LTF, Associates VI-A and Associates VI-B sold 2,951,282, 4,999 and 49,819 shares of Common Stock, respectively, at a price of $32.51 per share.” · word for word

Insider selling / ownership reduction

“As a result of the May 21, 2026 Offering, on May 21, 2026 the Reporting Persons ceased to be the beneficial owner of more than five percent of the shares of Common Stock.” · word for word

Insider selling overhang

“Green LTF, Associates VI-A and Associates VI-B agreed to sell an aggregate of 4,615,926, 7,818 and 77,919 shares of Common Stock, respectively, at a price of $28.60 per share in a private transaction” · word for word

Repurchase from major stockholders (Leonard Green, TPG, Partners Group) may signal insider selling.

“Selling Stockholders include affiliates of Leonard Green & Partners, L.P., TPG Inc. and Partners Group (USA) Inc.”

Insider selling overhang

“Green LTF, Associates VI-A and Associates VI-B agreed to sell an aggregate of 4,615,926, 7,818 and 77,919 shares of Common Stock, respectively, at a price of $28.60 per share in a private transaction” · word for word

Insider selling overhang

“the TPG Funds agreed to sell, and an affiliate of Atairos Group, Inc. agreed to purchase, an aggregate of 3,365,996 shares of Common Stock at a price of $28.60 per share in a private transaction” · word for word

Insider selling overhang

“the TPG Funds agreed to sell, and an affiliate of Atairos Group, Inc. agreed to purchase, an aggregate of 3,365,996 shares of Common Stock at a price of $28.60 per share in a private transaction” · word for word

Major shareholders (Leonard Green, TPG, Partners Group) reducing stakes could signal lack of confidence or need for liquidity.

“Following closings, Leonard Green holds ~8.5%, TPG ~6.1%, Partners Group ~1.3%.”

Growth capex increased significantly, which may pressure near-term free cash flow.

“Growth capital expenditures $205.2M, up 119.5% YoY.”

Rent expense expected to increase due to sale-leaseback transactions.

“Rent guidance raised to $378-$386M from $378-$388M; sale-leaseback proceeds ~$200M.”

Negative free cash flow due to elevated growth capex

“Free cash flow $(61,223) for the three months ended March 31, 2026 compared to $41,374 for the three months ended March 31, 2025.”

Macroeconomic and geopolitical uncertainty

“There continues to be macroeconomic and geopolitical uncertainty in many markets around the world, including as a result of military operations in the Middle East, the international unrest, and new or elevated tariffs.” · word for word

Minimal risk; single director resignation with no disclosed conflict or material change.

“No further details in filing.”

Execution Risk on Accelerated Club Expansion

“We expect to add nearly as much new square footage in 2026 as the previous two years combined.” · word for word

Concentration of Founder/CEO Influence

“Bahram Akradi, Founder, Chairman and Chief Executive Officer, holds 7.3% of shares and has nomination rights for himself and one additional director.” · word for word

Macroeconomic and tariff uncertainty

“There continues to be macroeconomic and geopolitical uncertainty in many markets around the world, including as a result of international unrest and trade policy, and new or elevated tariffs, which have increased certain of our expenses and capital expenditures, but have not had a material impact on our business.” · word for word

Seasonal membership attrition

“We typically experience an increased level of membership attrition during the third and fourth quarters as the summer pool season ends and we enter the holiday season.” · word for word

Net income decline in FY2026 guidance due to one-time items in FY2025.

“Net income guidance $330-336M vs FY2025 $371-374M (10.6% decline) due to non-recurring tax benefits and legal settlements.”

Seasonal membership decline in Q3; reliance on consumer discretionary spending.

“Center memberships decreased consistent with seasonality expectations by 9,021, or 1.1%, from June 30, 2025.”

Macroeconomic uncertainty

“There continues to be macroeconomic uncertainty in many markets around the world, including as a result of international unrest and trade policy, and new or elevated tariffs, which have increased certain of our expenses and capital expenditures.” · word for word

Interest rate risk

“Interest expense, net of interest income decreased $17.6 million for the three months ended September 30, 2025 as compared to the three months ended September 30, 2024, primarily driven by lower average levels of outstanding borrowings and a lower interest rate largely as a result of the interest rate swaps entered into in April 2025.”

Execution risk on expansion

“We are now targeting 12 to 14 new locations on average per year starting in 2026 and we are planning to deliver at the high end of that range in 2026 and 2027.” · word for word