FILING · MN · 2026 FDD
Planet Fitness FDD (Franchise Disclosure Document) — 2026
The FDD is the 23-item legal disclosure every U.S. franchisor must hand you at least 14 days before you sign or pay anything (FTC Franchise Rule, 16 CFR 436). Planet Fitness's most recent FDD tracked here is the 2026 FDD, filed with the Minnesota Department of Commerce (public CARDS portal). Registration-state filings are public records, so you can read it free, with no sign-up.
PUBLIC RECORD · FILED 2026 · SOURCE STATE MN
| ITEM 5 | Initial franchise fee | $40,000 |
| ITEM 6 | Ongoing royalty | 7.0% of gross sales |
| ITEM 7 | Total initial investment | $1.3M–$5.4M |
| ITEM 3 | Disclosed litigation matters | 5 |
| ITEM 4 | Item 4 bankruptcy disclosure (franchisor, predecessor, affiliate or officer — see filing) | Yes |
| ITEM 19 | Earnings disclosure (FPR) | Yes — financial performance representation made |
| ITEM 20 | Outlets (fiscal 2025) | 2,432 franchised at year end · 7 exits (exit rate 0.3%, fiscal 2025) |
| ITEM 21 | Franchisor financial statements | Unmodified (clean) opinion — KPMG LLP |
The headline figure is Annual EFT Revenue for Calendar 2025 (12 months ended Dec 31, 2025), for 2,291 of 2,432 units, leaving out opened after Jan 1, 2025, clubs bought from company Aug 2025 (franchised < 6 months), closed in 2025.
Graded on three things the filing states: coverage (2 points if the figure covers at least 75% of the units it is compared with, 1 point for 50–75%), centre (2 points if it prints both a median and a mean, 1 for one of them), and costs (2 points for costs through a profit line or full cost detail, 1 for some cost items). 5–6 points = More complete, 3–4 = Partial, 0–2 = Limited. The grade describes the disclosure, not the business.
| What is measured | Annual EFT Revenue (other measure) |
| Period | Calendar 2025 (12 months ended Dec 31, 2025) |
| Whose results | Franchised outlets |
| Units included | 2,291 of 2,432 franchised clubs in the US incl. Puerto Rico at Dec 31, 2025 |
| Left out |
|
| Average (mean) | not printed |
| Median | not printed |
| Costs shown | Yes — through a profit line |
| Where | p. 83 (Item 19 runs pp. 83–90) |
| The filing's words | “all of our franchised clubs that were open and operating for the entire 12-month period ended December 31, 2025” |
KPMG LLP gave an unmodified (clean) opinion on the statements in the 2026 FDD; revenue rose 10% from FY2024 to FY2025.
Revenue · FY2025
$385.1M
p. 290 · matched to statement
Net income · FY2025
$340.2M
p. 290 · matched to statement
Where FY2025 revenue came from
89% royalties
initial-fee share not extracted
- Fiscal years covered: FY2024, FY2025 (2026 FDD, statements from p. 290)
- Statements are for: Planet Fitness Franchising LLC
- Parent / owner: not identified in the statements
| Fiscal year | FY2024 | FY2025 |
|---|---|---|
| Total revenue | $350.1Mp. 290 · matched to statement | $385.1Mp. 290 · matched to statement |
| Royalty revenue | $313.4Mp. 290 · matched to statement | $342.2Mp. 290 · matched to statement |
| Net income (loss) | $301.3Mp. 290 · matched to statement | $340.2Mp. 290 · matched to statement |
| Equity (deficit) at year end | $117.0Mp. 289 | $119.7Mp. 289 |
| Cash at year end | $258Kp. 289 | $120Kp. 289 |
How to read this: royalties recur as long as franchisees trade; initial and development fees arrive only when new franchises are sold. A franchisor whose revenue leans on initial fees is funding itself by selling territories, and that revenue stops when sales slow. Under ASC 606 most franchisors recognize initial fees over the agreement term, so the line understates the cash collected in a strong selling year. Ad-fund revenue, where reported, is included in total revenue as the statements present it.
Each figure links to its page in the filed PDF. “Matched to statement” means our extraction and a second, rule-based read of the statement page agree; “extracted · not cross-checked” means the statement page is a scanned image or could not be read as text. Figures we could not place on a consistent scale are withheld, not guessed. Spotted an error? Report a correction.
Every figure above was extracted by software from the 2026 Planet Fitness FDD as filed (figures are not individually checked by a person) and links back to that document. Fields that could not be extracted are omitted; no figure here is estimated. Extraction errors are possible: the filing controls, and FDDs are reissued annually; verify against the current issuance before relying on any number. Spotted an error? Franchisors and owners can report it via the contact on our Terms page.
Planet Fitness FDD questions, answered
Where can I download the Planet Fitness FDD for free?
Planet Fitness's 2026 Franchise Disclosure Document is a public record, filed with the Minnesota Department of Commerce (public CARDS portal). It can be downloaded free from the source link on this page — no broker form, no email signup required.
What year is Planet Fitness's most recent FDD on file?
The most recent Planet Fitness FDD tracked here is the 2026 FDD, filed with the Minnesota Department of Commerce (public CARDS portal). Franchisors must update their FDD annually; confirm you are reading the current issuance before signing.
Does Planet Fitness's FDD disclose earnings (Item 19)?
Yes — Planet Fitness makes a financial performance representation in Item 19 of its 2026 FDD. Read the basis fine print: franchisors choose which units and metrics to include.
What does Planet Fitness's FDD Item 20 show?
In fiscal 2025, Planet Fitness ended with 2,432 franchised outlets; 7 of 2,298 open at the start of the year left the system (exit rate 0.3%, fiscal 2025) through terminations, non-renewals, and "ceased operations — other reasons".
The Planet Fitness validation checklist
questions built from this brand's own filings · read them all on the profile
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