Beachbody Company, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Revenue:
Cost of revenue $210.3m $249.7m $328.7m $322.6m $204.0m $131.5m $67.9m
Gross profit $545.5m $613.9m $545.0m $369.6m $323.1m $287.3m $183.8m
Total operating expenses $526.6m $620.2m $842.3m $572.7m $464.1m $353.6m $178.3m
Operating income (loss) $18.9m ($531k) ($297.3m) ($203.2m) ($141.0m) ($66.2m) $5.5m
Selling and marketing $384.4m $464.0m $548.1m $360.0m $282.1m $200.1m $93.6m
Enterprise technology and development $84.1m $93.0m $119.9m $104.4m $74.4m $76.4m $42.3m
General and administrative $56.9m $64.8m $79.7m $78.4m $57.9m $49.2m $39.9m
Restructuring ($1.7m) ($320k) $10.0m $6.5m $7.8m $2.5m
Impairment of goodwill $0 $40.0m $20.0m $0
Impairment of intangible assets $19.9m $3.1m $0
Loss on debt extinguishment ($3.2m) ($2.4m) ($2.2m)
Impairment of other investment ($4.0m) $0
Change in fair value of warrant liabilities $0 $0 $50.7m $8.3m $2.7m $1.1m ($2.0m)
Other income, net $813k $666k $3.2m $958k $1.7m $2.9m $859k
Loss before income taxes $18.9m ($6.2m) ($243.9m) ($197.2m) ($152.6m) ($71.4m) ($2.7m)
Income tax provision $13.4m ($15.3m) $15.5m $3.1m ($37k) ($239k) ($125k)
Net loss $32.3m ($531k) ($228.4m) ($194.2m) ($152.6m) ($71.6m) ($2.9m)
Net loss per common share, basic $0 ($0) ($1) ($1) ($24) ($11) ($0)
Net loss per common share, diluted $0 ($0) ($1) ($1) ($24) ($11) ($0)
Weighted-average common share outstanding, diluted $276,090,222.00 $239,540,090.00 $275,358,771.00 $307,489,198.00 $6,238,777.00 $6,818,052.00 $6,971,428.00
Weighted-average common shares outstanding, basic 236.3m 239.5m 275.4m 307.5m 6.2m 6.8m 7.0m
Interest expense ($790k) ($527k) ($536k) ($3.4m) ($8.9m) ($6.9m) ($5.0m)