Beachbody Co Inc/The (BODI)
NASDAQCommunication ServicesInternet Content & InformationSnapshot 2026-09-04
$5.75-0.35%
Close 2026-09-04 · 1-day change
NASDAQCommunication ServicesInternet Content & InformationSnapshot 2026-09-04
Warn: Management is running behind on a stated commitment.
Beachbody aims to stabilize and grow revenue to $51M in Q2 2026. The company beat earnings in the last three quarters. It trades cheap with a P/E of 15 versus peers at 18.25. The company is improving but still loss-making.
Revenue has declined from $55.5M in Q4 2025 to $54.3M in Q1 2026. Earnings estimates have been cut recently. The stock is down 37% from its high. The turnaround may stall or fail.
The price is about 10% below our fair value near $11. Analysts expect 5% revenue growth. Our model sees risks to growth and earnings ahead.
Breaks if: EPS falls below $0.17 in 2026-Q3 or below $0.55 in 2026-FY
Breaks if: Revenue falls below $46M in Q2 2026
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
BODI represents a turnaround investment with a focus on stabilizing revenue and achieving profitability. The current thesis is mixed, as management has made progress in some areas but continues to face significant challenges.
The market seems to expect a justified valuation for BODI, with a premium compared to peers. However, there is an expectations gap, indicating that some negative factors may already be factored into the stock.
Management's focus on achieving positive adjusted EBITDA shows some progress, but revenue has declined recently. The company is facing high risk in the current sector backdrop, which may impact future performance.
The thesis hinges on BODI's ability to maintain positive adjusted EBITDA and stabilize revenue. Additionally, the performance of sector leaders like GOOGL, GOOG, and META will be crucial in determining BODI's trajectory.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports the thesis. The company reported its fourth consecutive quarter of positive adjusted EBITDA, reinforcing its financial position. There are no new threats identified that could weaken this outlook.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Focus on stabilizing and growing revenue across digital and nutrition segments despite recent declines.
Stated as a priority in 3 of last 3 quarters. Revenue declined from $72.4M in 2025-Q1 to $49.6M in 2026-Q2, with digital revenue falling from $42.9M to $31.2M. Management is focused on omni-channel nutrition and direct-to-consumer expansion to stabilize and grow revenue, but recent financials show a declining trajectory.
“Continuing to build out our omni-channel nutrition strategy, bringing iconic brands to retail and expanding direct-to-consumer reach.”
“Deploying efficient platform to capitalize on major market opportunity in nutrition, acquiring customers and migrating them to digital fitness.”
“Building on a solid foundation with clear visibility to positive free cash flow and growth opportunities.”
Breaks if: P/E rises above 18.25 without earnings growth
Overall, BODI's situation is complex, with both opportunities and risks ahead. Not investment advice.