Private company

F45 Training Holdings Inc.

F45 Training Holdings Inc. is an American wholesale-professional and commercial equipment and supplies company.2 It is headquartered in El Segundo, United States.2

Last updated Oct 20, 2026.

Overview

  • IndustryWholesale-Professional & Commercial Equipment & Supplies2
  • HeadquartersEl Segundo, United States2
  • Incorporated inDE3
  • Business address236 California Street, El Segundo, Ca 902453
  • Filer categoryAccelerated filer, Smaller reporting company, Emerging growth company3
  • Legal formCorporation2
  • LEI549300W3HC5NKPWXMK722
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 73218142

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In assessing the performance of our business, we use certain key measures for determining how our business is performing. The below metrics are used throughout this Form 10-K and, unless otherwise indicated, all references to such metrics shall have the meanings ascribed to such metrics below:4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

68.8%Gross margin5
-140.7%Operating margin5
-171.2%Net margin5
-16.6%Revenue growth, 20225
-$104.5MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue13¢$32.6M
  • Selling, general and admin78¢$191.4M
  • Income tax9¢$22.4M

Out of $104.4M in revenue.5 The company lost money this year.

Financial statements

Revenue65$104.4M in 2022+27% since 2020
0$50.0M$100.0M$150.0M2020: $82.3M$82.3M20202021: $125.2M$125.2M2021+52%2022: $104.4M$104.4M2022−17%
Gross profit65$71.8M in 2022+36% since 2020
0$25.0M$50.0M$75.0M$100.0M2020: $52.7M$52.7M20202021: $85.1M$85.1M2021+62%2022: $71.8M$71.8M2022−16%
Operating income65-$146.9M in 2022+2744% since 2020
-$150.0M-$100.0M-$50.0M02020: -$5.2M-$5.2M20202021: -$95.8M-$95.8M2021+1755%2022: -$146.9M-$146.9M2022+53%
Net income65-$178.8M in 2022+607% since 2020
-$200.0M-$150.0M-$100.0M-$50.0M02020: -$25.3M-$25.3M20202021: -$193.5M-$193.5M2021+665%2022: -$178.8M-$178.8M2022−8%
Fiscal year2019202020212022
Revenue$82.3M6$125.2M5$104.4M5
Cost of revenue$29.6M6$40.1M5$32.6M5
Gross profit$52.7M6$85.1M5$71.8M5
Selling, general and admin$57.8M6$180.9M5$191.4M5
Operating expenses$221.0M5$251.3M5
Operating income-$5.2M6-$95.8M5-$146.9M5
Income before tax-$203.0M5-$156.4M5
Income tax$3.1M6-$9.5M5$22.4M5
Net income-$25.3M6-$193.5M5-$178.8M5
Earnings per share-$0.506-$3.215-$1.865
Earnings per share (diluted)-$0.506-$3.215-$1.865
Shares (weighted, basic)60.2M shares596.4M shares5
Shares (weighted, diluted)60.2M shares596.4M shares5

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Corporate structure

F45 Training Holdings Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of F45 Training Holdings Inc.

  • Caledonia (Private) Investments Pty Ltd Filed SC 13G/A on F45 Training Holdings Inc., latest Feb 14, 2024 (3 filings since Feb 15, 2022)
  • KENNEDY LEWIS MANAGEMENT LP Filed SC 13D/A on F45 Training Holdings Inc., latest Oct 24, 2023 (8 filings since Feb 11, 2022)
  • L1 Capital Pty Ltd Filed SC 13G/A on F45 Training Holdings Inc., latest May 5, 2023
  • MWIG LLC Filed SC 13G/A on F45 Training Holdings Inc., latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • Man Investment Partners (US) LP Filed SC 13G on F45 Training Holdings Inc., latest Feb 13, 2023
  • Adam Gilchrist Filed SC 13G on F45 Training Holdings Inc., latest Apr 22, 2022
  • F45 Training Holdings Inc. El Segundo, California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What F45 Training Holdings Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$11.8M5 Dec 31, 2022$6.7M5 Dec 31, 2021+75.4%
Accumulated depreciation$1.8M5 Dec 31, 2022$1.1M5 Dec 31, 2021+63.3%
Property and equipment, net$10.0M5 Dec 31, 2022$5.6M5 Dec 31, 2021+77.8%
Operating-lease assets (leased space)$14.3M5 Dec 31, 2022$05 Dec 31, 2021

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$5.3M5 Dec 31, 2022$42.0M5 Dec 31, 2021−87.5%
Stakes in other companies (equity method)$590.0K5 Dec 31, 2022$540.0K5 Dec 31, 2021+9.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.1M5 Dec 31, 2022$4.6M5 Dec 31, 2021−53.5%
Intangible assets, net (excluding goodwill)$6.3M5 Dec 31, 2022$28.4M5 Dec 31, 2021−78.0%
Finite-lived intangibles, gross$9.4M5 Dec 31, 2022$31.7M5 Dec 31, 2021−70.5%
Accumulated amortization$3.1M5 Dec 31, 2022$3.3M5 Dec 31, 2021−5.1%
Finite-lived intangibles, net$6.3M5 Dec 31, 2022$28.4M5 Dec 31, 2021−78.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$42.5M5 Dec 31, 2022$10.3M5 Dec 31, 2021+313.0%

Leadership

Who has led F45 Training Holdings Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Adam Gilchrist2021

President

  1. Adam Gilchrist2021

Chief financial officer

  1. Robert L. Madore2023

Chief operating officer

  1. Ryan Mayes2023
2025
Board members and other officers (22)

Timeline

  1. Nov 7, 20238-K Executive or director change33
  2. Oct 25, 20238-K Entered a material agreement; New debt or obligation; Executive or director change34
  3. Oct 4, 20238-K Entered a material agreement35
  4. Sep 20, 20238-K Entered a material agreement36
  5. Sep 7, 20238-K Entered a material agreement37
  6. Aug 14, 20238-K Listing notice or transfer38
  7. Jul 27, 20238-K Executive or director change39
  8. Jul 14, 20238-K Entered a material agreement; Executive or director change40
  9. Jul 7, 20238-K Entered a material agreement; Earlier financial statements no longer reliable41
  10. Jun 15, 20238-K Executive or director change42
  11. May 26, 20238-K Executive or director change43
  12. May 22, 20238-K Listing notice or transfer44
  13. Jul 14, 2021New chief executive Adam Gilchrist becomes CEO9

Calendar

When it reported results

  1. Nov 14, 2022Reported quarterly or annual results45
  2. Aug 15, 2022Reported quarterly or annual results46
  3. Jul 26, 2022Reported quarterly or annual results47
  4. May 16, 2022Reported quarterly or annual results48
  5. Mar 15, 2022Reported quarterly or annual results49
  6. Jan 10, 2022Reported quarterly or annual results50
  7. Nov 12, 2021Reported quarterly or annual results51

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

155 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 39 major events, 57 insider forms, 16 large holders, 35 other. The latest 20:

  1. Feb 14, 2024SC 13G/A EDGAR
  2. Nov 7, 202310-Q EDGAR
  3. Nov 7, 202310-Q EDGAR
  4. Nov 7, 202315-12G EDGAR
  5. Nov 7, 20238-K EDGAR
  6. Oct 25, 20238-K EDGAR
  7. Oct 24, 2023SC 13D/A SC 13D AMENDMENT NO. 6 EDGAR
  8. Oct 23, 202310-K EDGAR
  9. Oct 4, 20238-K EDGAR
  10. Sep 20, 20238-K EDGAR
  11. Sep 12, 2023EFFECT EDGAR
  12. Sep 12, 2023EFFECT EDGAR
  13. Sep 8, 2023POS AM EDGAR
  14. Sep 8, 2023S-8 POS EDGAR
  15. Sep 8, 2023S-8 POS EDGAR
  16. Sep 8, 2023POS AM EDGAR
  17. Sep 7, 20238-K EDGAR
  18. Aug 21, 20234 EDGAR
  19. Aug 14, 20238-K EDGAR
  20. Aug 9, 2023NT 10-Q EDGAR

The 155 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

47 open-market trades by officers, directors and large owners since October 2021: 17 buys and 30 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 29, 2022KENNEDY LEWIS INVESTMENT MANAGEMENT LLCDirectorBuy300,000$2.53$759.0KForm 4
Aug 26, 2022KENNEDY LEWIS INVESTMENT MANAGEMENT LLCDirectorBuy365,000$2.69$981.9KForm 4
Aug 25, 2022KENNEDY LEWIS INVESTMENT MANAGEMENT LLCDirectorBuy250,000$2.66$665.0KForm 4
Aug 24, 2022Kennedy Lewis Capital Partners Master Fund II LPDirectorBuy205,000$2.34$479.7KForm 4
Aug 23, 2022Kennedy Lewis Capital Partners Master Fund II LPDirectorBuy600,000$2.46$1.5MForm 4
Aug 22, 2022Kennedy Lewis Capital Partners Master Fund II LPDirectorBuy600,000$2.13$1.3MForm 4
Aug 19, 2022Kennedy Lewis GP II LLCDirectorBuy671,958$2.12$1.4MForm 4
Aug 18, 2022Kennedy Lewis GP II LLCDirectorBuy540,754$2.19$1.2MForm 4
Apr 26, 2022Wahlberg MarkDirectorSale400$9.81$3.9KForm 4
Apr 25, 2022Wahlberg MarkDirectorSale52,653$9.83$517.6KForm 4
Apr 22, 2022Wahlberg MarkDirectorSale50,104$9.98$500.0KForm 4
Apr 21, 2022Wahlberg MarkDirectorSale40,743$10.44$425.4KForm 4
Apr 20, 2022Wahlberg MarkDirectorSale30,000$10.62$318.6KForm 4
Apr 19, 2022Wahlberg MarkDirectorSale29,100$10.58$307.9KForm 4
Apr 18, 2022Wahlberg MarkDirectorSale29,400$10.29$302.5KForm 4
Apr 14, 2022Wahlberg MarkDirectorSale29,000$10.55$305.9KForm 4
Apr 13, 2022Wahlberg MarkDirectorSale41,000$10.69$438.3KForm 4
Apr 12, 2022Wahlberg MarkDirectorSale41,000$10.52$431.3KForm 4
Apr 11, 2022Wahlberg MarkDirectorSale52,098$10.52$548.1KForm 4
Apr 8, 2022Wahlberg MarkDirectorSale24,309$10.53$256.0KForm 4

All 47 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How F45 Training Holdings Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARF45 Training Holdings Inc.1
  • CIK0001788717
  • Employer ID (EIN)38-39786891
  • Filer statusAccelerated filer<br>smaller reporting company<br>emerging growth company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)5040 Wholesale-Professional & Commercial Equipment & Supplies1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address236 California Street, El Segundo, CA 902451
  • Phone81896287911
  • Shares outstanding97,516,791 as of Nov 6, 20238
  • Public float$142.4M as of Jun 30, 20225
  • On EDGAR sinceSep 24, 20191
  • Filings215 in all: 4 (58), 8-K (41), 3 (28), CORRESP (11), 10-Q (7), UPLOAD (7), EFFECT (6), SC 13D/A (6)1
    All 36 form types

    SC 13G (6), SC 13G/A (4), 424B3 (3), DRS/A (3), DRSLTR (3), POS AM (3), 10-K (2), DRS (2), NT 10-Q (2), S-1 (2), S-1/A (2), S-8 (2), S-8 POS (2), 10-Q/A (1), 15-12G (1), 25-NSE (1), 424B4 (1), 5 (1), 8-A12B (1), 8-K/A (1), CERT (1), DEF 14A (1), DEFA14A (1), FWP (1), NT 10-K (1), POS EX (1), S-3 (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Oct 23, 2023
    Quarterly report (10-Q) Nov 7, 2023
    Proxy statement (DEF 14A) May 2, 2022
    Latest 8-K (8-K) Nov 7, 2023

Sources

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