Life Time Group Holdings (LTH) dropped roughly 9.86% in Tuesday trading, sliding to about $27.14, after the company released first-quarter 2026 financial results before the opening bell and held an earnings call later in the morning. The move suggests investors focused less on the quarter’s profit and more on cash flow dynamics and the company’s updated full-year outlook. (prnewswire.com)

For the quarter ended March 31, 2026, Life Time reported total revenue of $788.7 million and net income of $88.1 million, or $0.39 diluted EPS. Adjusted EBITDA was $226.7 million, and comparable center revenue increased 8.6% year over year, while center memberships ended the quarter at 837,903. (prnewswire.com)

The key negative in the release was liquidity optics: free cash flow was negative $61.2 million for Q1, versus positive $41.4 million in the prior-year quarter, alongside a large step-up in capital expenditures net of construction reimbursements. That swing can matter for a growth model dependent on heavy center investments, and it helps explain the sharp one-day selloff even with higher revenue and earnings. (prnewswire.com)

Life Time’s full-year 2026 guidance table showed total revenue of $3.320–$3.350 billion, with adjusted EBITDA guidance presented as $925–$940 million; the company also guided net income at $340–$345 million. Separately, Life Time recently closed about $200 million of sale-leaseback transactions and said it expects another $200 million in 2026, targeting $400 million total sale-leaseback proceeds for the year—an important lever for free cash flow perceptions. (prnewswire.com)