Beachbody Co Valuation Multiples

Discover Beachbody Co's revenue and EBITDA valuation multiples and M&A history.

Beachbody Co Overview

About Beachbody Co

The Beachbody Co Inc is a health and wellness platform providing fitness, nutrition and stress-reducing programs to its customers. The product offerings of the company include Digital Subscriptions, Nutritional Products, and Connected Fitness Products. It earns the majority of its revenue from the United States. The company operates and manages its business in one operating segment. Majority of revenue is through Digital.


Founded

2020

HQ

United States

Employees

355

Financials (LTM)

Revenue: $218M
EBITDA: $26M

EV

$40M

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Beachbody Co Financials

Beachbody Co reported last 12-month revenue of $218M and EBITDA of $26M.

In the same LTM period, Beachbody Co generated $157M in gross profit, $26M in EBITDA, and had net loss of ($458K).


Beachbody Co P&L

In the most recent fiscal year, Beachbody Co reported revenue of $252M and EBITDA of $20M.

Beachbody Co is unprofitable as of last fiscal year, with gross margin of 73%, EBITDA margin of 8%, and net margin of (1%).

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LTMLast FY202320242025202620272028
Revenue$218M$252M$527M$419M$252M
Gross Profit$157M$184M$323M$287M$184M
Gross Margin72%73%61%69%73%
EBITDA$26M$20M($80M)($17M)$20M
EBITDA Margin12%8%(15%)(4%)8%
EBIT Margin2%3%(17%)(9%)3%
Net Profit($458K)($3M)($153M)($72M)($3M)
Net Margin(0%)(1%)(29%)(17%)(1%)

Financial data powered by Morningstar, Inc.

Beachbody Co Stock Performance

Beachbody Co has current market cap of $48M, and enterprise value of $40M.


Beachbody Co's stock price is $6.53.

Beachbody Co has an EPS (earnings per share) of $-0.39.

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EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$40M$48M2.8%---$-0.39

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Beachbody Co Valuation Multiples

Beachbody Co trades at 0.2x EV/Revenue multiple, and 1.5x EV/EBITDA.

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Beachbody Co Financial Valuation Multiples

As of August 14, 2026, Beachbody Co has market cap of $48M and EV of $40M.

Beachbody Co has a P/E ratio of (103.8x).

LTMLast FY202320242025202620272028
EV/Revenue0.2x0.2x0.1x0.1x0.2x
EV/EBITDA1.5x2.0x(0.5x)(2.3x)2.0x
EV/EBIT8.9x5.0x(0.4x)(1.0x)5.0x
EV/Gross Profit0.3x0.2x0.1x0.1x0.2x
P/E(103.8x)(16.6x)(0.3x)(0.7x)(16.6x)
EV/FCF(28.1x)2.3x(1.4x)(20.3x)2.3x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Beachbody Co Margins & Growth Rates

Beachbody Co decreased revenue by 22% but EBITDA grew by 18% in the last fiscal year.

In the most recent fiscal year, Beachbody Co reported gross margin of 73%, EBITDA margin of 8%, and net margin of (1%).

See estimated margins and future growth rates for Beachbody Co

Beachbody Co Margins

Last FY202420252026202720282029
Gross Margin73%69%73%71%
EBITDA Margin8%(4%)8%12%
EBIT Margin3%(9%)3%2%
Net Margin(1%)(17%)(1%)1%
FCF Margin7%(0%)7%(7%)

Beachbody Co Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth(22%)(21%)(40%)(22%)
Gross Profit Growth(24%)(11%)(36%)(24%)
EBITDA Growth18%(78%)(214%)18%
EBIT Growth(51%)(58%)(121%)(51%)
Net Profit Growth(136%)(53%)(96%)(136%)
FCF Growth(175%)(93%)(976%)(175%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Beachbody Co Operational KPIs

Beachbody Co's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.5M for the same period.

Beachbody Co's Rule of 40 is (10%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Beachbody Co's Rule of X is (42%) (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Beachbody Co
LTMLast FY202320242025202620272028
Rule of 409%(10%)---
Bessemer Rule of X5%(42%)---
Revenue per Employee-$0.7M---
Opex per Employee-$0.5M---
S&M Expenses to Revenue35%37%54%48%37%
G&A Expenses to Revenue16%16%11%12%16%
R&D Expenses to Revenue18%17%14%18%17%
Opex to Revenue-70%79%78%70%

Data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Beachbody Co Competitors

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E

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Beachbody Co VC Funding History

Before going public, Beachbody Co raised $9M in total equity funding, across 1 round.


Beachbody Co Funding Rounds

DateStageInvestorsRaisedValuationRev. MultipleDeal Summary
Jul-19Series A-$9M-Beachbody is a California-based digital fitness company operating primarily through three revenue streams: digital subscriptions, nutritional and supplement products, and connected fitness equipment. For the 2019 fiscal year (the period closest to the July 2019 funding round), the company generated $756 million in revenue, representing a decline from $790 million in 2018. Digital subscriptions accounted for approximately 40% of revenues with 2.5 million subscribers, while nutrition and supplements contributed 50% of revenues and connected equipment represented 10%. The company's digital subscription segment operated at 89% gross margins with a 96% customer retention rate. At the time of the July 2019 funding round, Beachbody had raised a total of $8.5 million across prior funding rounds (a $500,000 seed round and $8 million Series A), though the post-money valuation for the 2019 round was not publicly disclosed. By 2020, revenue had recovered to $880 million, and the company was projected to reach $1.1 billion in 2021 prior to its subsequent merger with Forest Road Acquisition Corp.

Acquisitions by Beachbody Co

Beachbody Co has acquired 2 companies to date.

Last acquisition by Beachbody Co was on February 10th 2021. Beachbody Co acquired MYXfitness for undisclosed valuation.

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Latest Acquisitions by Beachbody Co

MYXfitness
BurnThis
Description
-
BurnThis is a fitness social network combining photo sharing with community challenges to motivate users. Acquired by Beachbody, LLC in December 2015, the app tracked millions of monthly activities and garnered features in SELF, Shape, Business Insider, and InStyle. BurnThis fostered workout inspiration through user-generated content and progress tracking.
HQ CountryUnited StatesUnited States
HQ City
Greenwich, CT
-
Deal Date10 Feb 20217 Jan 2016
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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About Beachbody Co

When was Beachbody Co founded?Beachbody Co was founded in 2020.
Where is Beachbody Co headquartered?Beachbody Co is headquartered in United States.
How many employees does Beachbody Co have?As of today, Beachbody Co has over 355 employees.
Is Beachbody Co publicly listed?Yes, Beachbody Co is a public company listed on Nasdaq.
What is the stock symbol of Beachbody Co?Beachbody Co trades under BODI ticker.
When did Beachbody Co go public?Beachbody Co went public in 2021.
Who are competitors of Beachbody Co?Beachbody Co main competitors include
What is the current market cap of Beachbody Co?Beachbody Co's current market cap is $48M.
What is the current revenue of Beachbody Co?Beachbody Co's last 12 months revenue is $218M.
What is the current revenue growth of Beachbody Co?Beachbody Co revenue growth (NTM/LTM) is (3%).
What is the current EV/Revenue multiple of Beachbody Co?Current revenue multiple of Beachbody Co is 0.2x.
What is the current EBITDA of Beachbody Co?Beachbody Co's last 12 months EBITDA is $26M.
What is Beachbody Co's EBITDA margin?Beachbody Co's last 12 months EBITDA margin is 12%.
What is the current EV/EBITDA multiple of Beachbody Co?Current EBITDA multiple of Beachbody Co is 1.5x.
What is the current FCF of Beachbody Co?Beachbody Co's last 12 months FCF is ($1M).
What is Beachbody Co's FCF margin?Beachbody Co's last 12 months FCF margin is (1%).
What is the current EV/FCF multiple of Beachbody Co?Current FCF multiple of Beachbody Co is (28.1x).
How many companies Beachbody Co has acquired to date?As of August 2026, Beachbody Co has acquired 2 companies.
What was the largest acquisition by Beachbody Co?None of the M&A deals Beachbody Co has completed have disclosed valuations.
What companies Beachbody Co acquired?Beachbody Co acquired BurnThis and MYXfitness.
In how many companies Beachbody Co has invested to date?Beachbody Co hasn't invested in any companies yet (or none have been disclosed publicly).

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