Orangetheory Fitness FDD: What Changed from 2025 to 2026
Orangetheory Fitness' 2026 FDD lists an Item 7 estimated initial investment of $764,577–$1,104,920, against $821,622–$1,377,160 in the 2025 filing.
Source: MN CARDS & WI DFI state filings · Updated April 2026 · Clearly FDD
Item 7 — Estimated Initial Investment
2025 FDD
2026 FDD
Change
Low end of range
$821,622
$764,577
−$57,045 (−6.9%)
High end of range
$1,377,160
$1,104,920
−$272,240 (−19.8%)
Full range
$821,622–$1,377,160
$764,577–$1,104,920
The 2026 filing puts the Item 7 estimated initial investment at $764,577–$1,104,920, against $821,622–$1,377,160 in the 2025 filing.
Item 20 — System Size (Outlet Count)
2025 FDD
2026 FDD
Change
Total outlets (Item 20)
1,298
1,224
−74 (−5.7%)
Orangetheory reports 1,224 US studios in the 2026 FDD, down 74 from 1,298 in the 2025 filing.
Item 19 — Financial Performance Representations
Orangetheory Fitness included an Item 19 financial performance representation in both the 2025 and 2026 filings.
Item 6 — Ongoing Fees
2025 FDD
2026 FDD
Change
Royalty rate
8%
8%
unchanged
The ongoing royalty rate remains 8% of Gross Sales between filings.
Frequently asked questions
Did the cost to open an Orangetheory Fitness franchise change in the 2026 FDD?
The 2026 FDD for Orangetheory Fitness states an Item 7 estimated initial investment of $764,577–$1,104,920, against $821,622–$1,377,160 in the 2025 filing. The low end moves from $821,622 to $764,577 (−$57,045 (−6.9%)) and the high end moves from $1,377,160 to $1,104,920 (−$272,240 (−19.8%)).
How many locations does Orangetheory Fitness have?
The 2026 FDD for Orangetheory Fitness reports 1,224 outlets in Item 20, against 1,298 in the 2025 filing — 74 fewer.
Did Orangetheory Fitness change its royalty rate?
No. Both the 2025 and 2026 filings for Orangetheory Fitness state a standard royalty of 8%.
Does Orangetheory Fitness disclose financial performance in its FDD?
Orangetheory Fitness included an Item 19 financial performance representation in both the 2025 and 2026 filings.