Cult.fit hits Rs 1,720 Cr FY26 revenue, turns EBITDA positive ahead of IPO
Fitness-tech firm Cult.fit reported Rs 1,720 crore operating revenue in FY26, up 41.4% YoY, and swung to EBITDA positive at Rs 45 crore even as net loss stood at Rs 252 crore. The results precede a planned IPO featuring a Rs 950 crore fresh issue plus an OFS of 17.86 crore shares from Temasek, Tata Digital and others.
What happened
Fitness-tech firm Cult.fit posted Rs 1,720 crore FY26 revenue, up 41%, and turned EBITDA positive with Rs 45 crore, ahead of its planned IPO (Rs 950 crore fresh
Key facts
- Rs 1,720 Cr operating revenue FY26
- 41.4% YoY growth
- EBITDA positive Rs 45 Cr
- net loss Rs 252 Cr
- IPO fresh issue Rs 950 Cr
- OFS 17.86 crore shares
Why this matters
The OFS of 17.86 crore shares from Temasek, Tata Digital and others signals an early-investor liquidity event, opening a window for strategic acquirers or partners to engage around Cult.fit's fitness-tech platform pre-listing.
What to watch
- DRHP/RHP filing and final price band disclosure
- Anchor book subscription and QIB demand on listing day
- Quarterly EBITDA sustainability vs one-off cost cuts
- Net loss trajectory narrowing toward breakeven
- OFS size adjustments signaling insider confidence
- Competitor moves (HealthifyMe, Anytime Fitness, gym chains) on pricing
- Push discretionary spend (marketing, discounts) lower to protect the fragile EBITDA-positive line through IPO window
- Anchor-investor roadshows emphasizing path-to-net-profit and unit economics per center
- Expand higher-margin cult.fit gyms and Cult Sport product lines to diversify revenue mix
- Rationalize loss-making segments (Fitso, healthcare tie-ins) to tighten the P&L narrative
Also reported by
- Entrackr — Same time