29 qualified studios (2024): avg gross revenue $360,918 (median $329,200, range $167,120-$746,418); avg 169 monthly active members; avg 18 new memberships monthly. Revenue mix: 92% memberships, 4% services, 1% fees, 3% products. 45% met/exceeded average revenue.
Item 19 provides 2025 gross revenue data for 41 franchisees operating 129 outlets continuously in 2024-2025. Average gross revenue $489,562. Affiliate Powersmith (2024-2025) and franchisee revenue breakdowns by quartile included.
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