The Beachbody Company Inc. Class A Common Stock (BODI)

FairStock Score: 50/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable businesses bought at a discount. Beachbody is a subscription fitness and nutrition content company, but durability is questionable. Revenue has fallen sharply: FY2023 $527.1M, FY2024 $418.8M, and FY2025 $251.7M. It lost $152.6M in FY2023, $71.6M in FY2024, and $2.9M in FY2025; the trend is improving, and fiscal Q2 2026, the quarter ended 2026-06-30, produced $49.6M revenue and $1.4M net income. Still, revenue in that quarter fell from $63.9M in fiscal Q2 2025, the quarter ended 2025-06-30. Small profits do not yet prove a moat, and the revenue trend is still negative. Financial health is the worry: FairStock calculates an Altman Z-Score of -6.10 and a Piotroski F-Score of 3/9, while debt-to-equity is 0.69. Free cash flow, trailing twelve months, was $7.6M, a 20.3% FCF yield on the $37.3M market cap at the 2026-10-13 close. FairStock also calculates a P/E of 2.71, P/B of 0.91, and a Graham Number of $14.14, giving a 66.62% margin of safety. That looks statistically cheap. But cheapness without stable earnings can be a trap; the Lynch screen finds no category because filed annual results show losses in each of the last four years. I would want evidence that revenue has stopped shrinking and that the recent profits are repeatable before treating the discount as a true margin of safety.

In plain English: The Beachbody Company sells fitness and nutrition subscriptions, including streaming workout programs, mainly in the United States, Canada, the United Kingdom, and France. The business looks weak because revenue has been shrinking and it has had yearly losses, though it was slightly profitable in its latest reported quarter. At $4.72 on 2026-10-13, the price looks low compared with several accounting measures, but the shrinking sales make that low price uncertain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer