The Beachbody Co Inc-A 2025年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the quarterly period endedJune 30,2025or ☐TRANSITION REPORT PURSUANT TO Section 13 or 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 For the transition period fromtoCommission file number:001-39735 The Beachbody Company, Inc.(Exact name of registrant as specified in its charter) 85-3222090(I.R.S. EmployerIdentification No.) Delaware(State or other jurisdiction ofincorporation or organization) (310)883-9000Registrant’s telephone number, including area code Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject tosuch filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company,or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerginggrowth company” in Rule 12b-2 of the Exchange Act. Large Accelerated Filer☐Accelerated Filer☐Non-Accelerated Filer☒Smaller Reporting Company☒Emerging Growth Company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No☒ There were4,338,012shares of the registrant’s Class A Common Stock, par value $0.0001 per share, and2,729,003shares of the registrant’sClass X Common Stock, par value $0.0001 per share, outstanding as of August 1, 2025. Table of Contents Part I.Financial Information3Item 1.Financial Statements3Condensed Consolidated Balance Sheets3Unaudited Condensed Consolidated Statements of Operations4Unaudited Condensed Consolidated Statements of Comprehensive Loss5Unaudited Condensed Consolidated Statements of Stockholders’ Equity6Unaudited Condensed Consolidated Statements of Cash Flows7Notes to Unaudited Condensed Consolidated Financial Statements8Item 2.Management’s Discussion and Analysis of Financial Condition and Operations26Item 3.Quantitative and Qualitative Disclosures About Market Risk41Item 4.Controls and Procedures41Part II.Other Information42Item 1.Legal Proceedings42Item 2.Unregistered Sales of Equity Securities and Use of Proceeds43Item 3.Defaults Upon Senior Securities43Item 4.Mine Safety Disclosures43Item 5.Other Information43Item 6.Exhibits44Signatures45 The Beachbody Company, Inc.CondensedConsolidated Balance Sheets(in thousands, except share and per share data) The Beachbody Company, Inc.Unaudited Condensed Consolidated Statements of Operations(in thousands, except per share data) The Beachbody Company, Inc.Unaudited Condensed Consolidated Statements of Comprehensive Loss(in thousands) The Beachbody Company, Inc.Unaudited Condensed Consolidated Statements of Stockholders’ Equity(in thousands) The Beachbody Company, Inc.Unaudited Condensed Consolidated Statements of Cash Flows(in thousands) The Beachbody Company, Inc.Notes to Unaudited Condensed Consolidated Financial Statements Business The Beachbody Company, Inc. (“BODi” or the “Company”) is a leading fitness and nutrition company and the creator of some ofthe world’s most popular fitness programs. The Company’s fitness programs are available for streaming through subscriptionand/or digital program purchases on the BODi digital platform, accessible through a web browser, iOS devices, Android Devicesand Roku. BODi offers nutritional products such as Shakeology nutrition shakes and Beachbody Performance supplements, whichhave been designed and clinically tested to help customers achieve their goals. The Company’s revenue has historically beengenerated primarily through a network of micro-influencers (“Partners”), social media marketing channels, and direct responseadvertising. On September 30, 2024, the Company announced strategic initiatives to transition its network business from a Multi-Level Marketing ("MLM") model with its Partners to a single level affiliate model (the "Pivot"). Basis of Presentation and Principles of Consolidation The Company prepares its consolidated financial statements in conformity with accounting principles generally accepted in theUnited States of America (“GAAP”) for interim financial information a