About Planet Fitness
Planet Fitness is a company based in Newington (United States) founded in 1992 was acquired by Mayfair in February 2024.. The company has 3,810 employees as of December 31, 2024. Planet Fitness has completed 2 acquisitions, including Mycardioexpress and Sunshine Fitness Management. Planet Fitness operates in a competitive market with competitors including LA Fitness, Snap Fitness, Crunch Fitness, 24 Hour Fitness and Barry’s, among others.
- Headquarter Newington, United States
- Employees 3810 as on 31 Dec, 2024
- Stage Public
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Planet Fitness, Inc.
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Annual Revenue
$1.18 B10.3as on Dec 31, 2024
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Net Profit
$172.04 M24.39as on Dec 31, 2024
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EBITDA
$484.54 M14.75as on Dec 31, 2024
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Latest Funding Round
$1.28 B (USD), Debt – Conventional
Aug 01, 2018
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Investors
General Electric
& 2 more
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Employee Count
3810
as on Dec 31, 2024
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Investments & Acquisitions
Mycardioexpress
& 1 more
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Acquired by
Mayfair
(Feb 22, 2024)
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IPO & Listings of Planet Fitness
Planet Fitness is a publicly listed company on the NYSE with ticker symbol PLNT in USA, operating in the Consumer services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
34 people
Leadership Team
23 people
Sales and Marketing
22 people
Finance and Accounting
9 people
Human Resources and Administration
7 people
Operations Team
5 people
Senior Team
5 people
General Team
5 people
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Funding Insights of Planet Fitness
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Conventional — $1.3B
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First Round
First Round
(12 Sep 2011)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2018 | Amount | Debt – Conventional - Planet Fitness | Valuation |
investors |
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| Mar, 2015 | Amount | Debt – Conventional - Planet Fitness | Valuation |
investors |
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| Jun, 2013 | Amount | Debt – Conventional - Planet Fitness | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Planet Fitness
Planet Fitness has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include General Electric, TSG Consumer Partners and Mayfair Equity. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Consumer-focused investing in various sectors including Food and Beverage and Health and Wellness.
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Founded Year | Domain | Location | |
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UK private equity investments are managed by Mayfair firm.
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Founded Year | Domain | Location | |
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Diversified operations are conducted across multiple industries worldwide.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Planet Fitness
Planet Fitness has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Mycardioexpress and Sunshine Fitness Management. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Fitness facilities in Central Florida are managed since 2003.
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2003 | ||||
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0 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Planet Fitness
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Planet Fitness Comparisons
Competitors of Planet Fitness
Planet Fitness operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as LA Fitness, Snap Fitness, Crunch Fitness, 24 Hour Fitness and Barry’s, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A chain of fitness centers is operated by LA Fitness.
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| domain | founded_year | HQ Location |
Chain of fitness centers
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| domain | founded_year | HQ Location |
A chain of fitness clubs is operated by Crunch Fitness.
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| domain | founded_year | HQ Location |
Chain of fitness centres
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| domain | founded_year | HQ Location |
A chain of fitness centers is operated by Barry’s.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Planet Fitness
Frequently Asked Questions about Planet Fitness
When was Planet Fitness founded?
Planet Fitness was founded in 1992 and raised its 1st funding round 19 years after it was founded.
Where is Planet Fitness located?
Planet Fitness is headquartered in Newington, United States.
Who is the current CEO of Planet Fitness?
Chris Rondeau is the current CEO of Planet Fitness.
How many employees does Planet Fitness have?
As of Dec 31, 2024, the latest employee count at Planet Fitness is 3,810.
What is the annual revenue of Planet Fitness?
Annual revenue of Planet Fitness is $1.18B as on Dec 31, 2024.
What does Planet Fitness do?
Planet Fitness, backed by 1333950000.0 from General Electric, TSG Consumer Partners, focuses on providing healthcare solutions, fitness and wellness chains, and physical fitness. Operator of fitness chain. Driving innovation, growth, and excellence in its industry sectors. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Planet Fitness?
Planet Fitness's top competitors include Snap Fitness, Crunch Fitness and LA Fitness.
Is Planet Fitness publicly traded?
Yes, Planet Fitness is publicly traded on NYSE under the ticker symbol PLNT.
How many acquisitions has Planet Fitness made?
Planet Fitness has made 2 acquisitions, including Mycardioexpress, and Sunshine Fitness Management.
Who are Planet Fitness's investors?
Planet Fitness has 3 investors. Key investors include General Electric, TSG Consumer Partners, and Mayfair Equity.
What is Planet Fitness's ticker symbol?
The ticker symbol of Planet Fitness is PLNT on NYSE.
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