iFIT Health & Fitness Inc.

General Information

(Note: iFIT Health & Fitness, Inc., withdrew its IPO prospectus in an SEC filing dated April 6, 2022. The company had announced early on Oct. 7, 2021, that it had postponed its IPO “due to adverse market conditions.” iFIT Health & Fitness filed to go public (S-1 filing) on Aug. 31, 2021.)

We are a health and fitness subscription technology company, fueled by our passion to innovate, grow and provide meaningful solutions for our members. iFIT is an integrated health and fitness platform, designed to connect our proprietary software, experiential content and interactive hardware to deliver an unmatched connected fitness experience.

We are a growing community of over 6.1 million Total Members and 1.5 million Total Fitness Subscribers with members in over 120 countries. We deliver our patented interactive experiences on the industry’s broadest range of fitness modalities, including treadmills, bikes, ellipticals, rowers, climbers, strength equipment, fitness mirrors, yoga equipment and accessories.

Driven by the adoption of our iFIT platform, we are the No. 1 provider of large fitness equipment in the United States. In fiscal 2021, we sold approximately 10.1 million Interactive Fitness Products with a Gross Merchandise Value of $2.8 billion. Our brands, including iFIT, NordicTrack, ProForm and Freemotion, are leaders in the fitness equipment industry.

Our iFIT operating system provides interactive experiences on all of our connected equipment brands, allowing members to gain access to our full library of iFIT live and on-demand content for $15/month for individuals or $39/month for families of up to five (or $396 when paid annually). We believe the combination of our proprietary software and experiential content connected with our interactive hardware creates a compelling value proposition for our rapidly growing member base and generates attractive recurring subscription revenue.

(Note: Revenue and net loss figures are for Fiscal Year 2021, which ended May 31, 2021.)

Industry: Electronic & Other Electrical Equipment (No Computer Equipment)
Employees: 2500
Founded: 1977
Contact Information
Address 1500 South 1000 West Logan, Utah 84321
Phone Number (435) 786-5000
Web Address http://www.ifit.com/
View Prospectus: iFIT Health & Fitness Inc.
Financial Information
Market Cap $6140.36mil
Revenues $1745.06 mil (last 12 months)
Net Income $-516.7 mil (last 12 months)
IPO Profile
Symbol IFIT
Exchange NASDAQ
Shares (millions): 30.8
Price range $18.00 - $21.00
Est. $ Volume $600.0 mil
Manager / Joint Managers Morgan Stanley/ BofA Securities/ Barclays/ Citigroup/ Credit Suisse/ Jefferies/ Baird
CO-Managers Cowen and Company/JMP Securities/Raymond James/Truist Securities/William Blair/Telsey Advisory Group
Expected To Trade: 10/6/2021
Status: Withdrawn
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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