OverviewSuggest Edit

MINDBODY is a provider of a cloud-based business management software and payments platform for health and fitness providers. Its business management software provides automation, online booking and payments, client relationship and marketing tools, staff scheduling, point of sale tools and business metrics. Its web and mobile solutions cater to various sectors in the wellness and beauty industries including pilates, yoga, health club, personal training, martial arts, salon and dance.

TypePrivate
Founded2001
HQSan Luis Obispo, US
Websitemindbodyonline.com
Employee Ratings3.6
Culture scoreC+

Latest Updates

Employees (est.) (May 2020)1,759(-10%)
Job Openings15
Revenue (FY, 2017)$182.6 M(+32%)
Share Price (Feb 2019)$36.5

Key People/Management at MINDBODY

Rick Stollmeyer

Rick Stollmeyer

Co-Founder & Chief Executive Officer
Mike Mansbach

Mike Mansbach

President
Brett White

Brett White

Chief Operating Officer & Chief Financial Officer
Mark Baker

Mark Baker

Chief Revenue Officer
Josh McCarter

Josh McCarter

Chief Strategy Officer
Josh Todd

Josh Todd

Chief Marketing Officer
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MINDBODY Office Locations

MINDBODY has offices in San Luis Obispo, Atlanta, Austin, Irvine and in 10 other locations
San Luis Obispo, US (HQ)
651 Tank Farm Rd
Atlanta, US
171 17th St. NW, Ste. 800
Austin, US
3300 N Interstate Hwy 35
Irvine, US
18400 Von Karman Ave #620
Irvine, US
19600 Fairchild Rd #285
Lansdale, US
1690 Sumneytown Pike #140
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MINDBODY Financials and Metrics

Summary Metrics

Founding Date

2001

MINDBODY total Funding

$114.5 m

MINDBODY latest funding size

$869.76 k

Time since last funding

5 years ago

MINDBODY investors

MINDBODY's latest funding round in April 2015 was reported to be $869.8 k. In total, MINDBODY has raised $114.5 m
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MINDBODY Revenue

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View revenue for all periods
MINDBODY's revenue was reported to be $182.63 m in FY, 2017
USD

Revenue (Q3, 2018)

63.8m

Gross profit (Q3, 2018)

43.6m

Gross profit margin (Q3, 2018), %

68.3%

Net income (Q3, 2018)

(17.2m)

EBIT (Q3, 2018)

(14.5m)

Cash (30-Sept-2018)

154.1m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

48.7m70.0m101.4m139.0m182.6m

Revenue growth, %

44%45%37%

Cost of goods sold

21.9m30.0m37.2m43.1m51.9m

Gross profit

26.8m40.0m64.2m95.9m130.8m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

24.8m26.1m32.0m33.6m35.3m42.2m44.1m46.6m53.8m61.6m63.8m

Cost of goods sold

8.8m9.6m10.0m10.7m11.0m12.0m12.7m13.1m15.4m19.4m20.2m

Gross profit

16.0m16.5m22.0m22.8m24.3m30.2m31.4m33.5m38.4m42.2m43.6m

Gross profit Margin, %

64%63%69%68%69%72%71%72%71%68%68%
Annual
usdY, 2012Y, 2013Y, 2014FY, 2015FY, 2016FY, 2017

Cash

25.9m9.5m34.7m93.4m85.9m232.0m

Accounts Receivable

9.1m10.9m

Prepaid Expenses

5.6m

Inventories

3.1m3.7m
Quarterly
Annual
USDFY, 2015FY, 2016FY, 2017

Net Income

(36.1m)(23.0m)(14.8m)

Depreciation and Amortization

6.5m7.8m9.2m

Inventories

(526.0k)(638.0k)

Accounts Payable

722.0k92.0k2.0m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(16.7m)(26.3m)(6.6m)(13.1m)(19.0m)(3.9m)(8.3m)(11.9m)(1.7m)(18.6m)(35.8m)

Depreciation and Amortization

2.8m4.7m1.8m3.7m5.7m2.1m4.4m6.7m2.6m8.0m13.5m

Accounts Payable

58.0k626.0k(434.0k)(73.0k)(52.0k)294.0k695.0k1.7m1.1m(2.4m)(1.1m)

Cash From Operating Activities

(9.4m)(13.9m)(2.7m)(3.7m)(4.1m)1.0m4.2m5.5m55.0k(5.1m)(7.5m)
USDY, 2018

Financial Leverage

2 x
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MINDBODY Operating Metrics

MINDBODY's Subscribers was reported to be 59 k in Q3, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017

Subscribers

40.52 k42.70 k45.67 k48.65 k51.48 k51.48 k53.60 k55.77 k58.57 k60.39 k60.39 k59.92 k59.35 k59.03 k

Payments' Volume

$4.10 b$1.17 b$1.25 b$1.28 b$1.37 b$5.10 b$1.52 b$1.60 b$1.61 b$1.74 b$6.47 b$1.86 b$1.90 b$2 b

Average Monthly Revenue per Subscriber

$155 $174 $185 $182 $185 $182 $201 $202 $204 $212 $205 $230 $244 $259

Countries

130 130
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MINDBODY Acquisitions / Subsidiaries

Company NameDateDeal Size
ZeeZorMarch 06, 2020
Booker SoftwareMarch 12, 2018$150 m
FitMetrixFebruary 20, 2018

MINDBODY Revenue Breakdown

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MINDBODY revenue breakdown by business segment: 59.6% from Subscription and services , 38.7% from Payments and 1.7% from Other

MINDBODY Online and Social Media Presence

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MINDBODY Company Culture

  • Overall Culture

    C+

    68/100

  • CEO Rating

    A

    77/100

  • Compensation

    C+

    68/100

Learn more on Comparably

MINDBODY News and Updates

Focus on Spa Management Software Market Changing the Way of Business in Upcoming Year with Profiling Key Mindbody, Booker, Agilysys, Zenoti

The Spa Management Software market was valued at xx Million US$ in 2020 and is projected to reach xx Million US$ by 2026, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2020 to 2026 as the forecast period to estimate the market size for Spa …

MB LOSS NOTICE: ROSEN, A LEADING LAW FIRM, Reminds MINDBODY, Inc. Investors of Important Deadline in Securities Class Action

NEW YORK, Sept. 23, 2019 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds owners of the Class A Common Stock of MINDBODY, Inc. who sold shares between November 7, 2018 through February 15, 2019, inclusive (the "Class Period") of the important deadline in the...

GLOBALLY RECOGNIZED ROSEN LAW FIRM: Announces Filing of Securities Class Action Lawsuit Against MINDBODY, Inc. - MB

NEW YORK, Sept. 12, 2019 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of owners of the Class A Common Stock of MINDBODY, Inc. (NASDAQ: MB) who sold shares between November 7, 2018 through February 15, 2019,...

MINDBODY CEO and Co-Founder Inducted into the Pacific Coast Business Times' Hall of Fame

SAN LUIS OBISPO, Calif., May 24, 2019 /PRNewswire/ -- MINDBODY, the leading technology platform for the wellness industry, today announced the induction of Rick Stollmeyer, its CEO and co-founder, into the Pacific Coast Business Times' business Hall of Fame. The honor recognizes...

Josh McCarter Promoted to President of MINDBODY

SAN LUIS OBISPO, Calif., May 1, 2019 /PRNewswire/ -- MINDBODY, the leading technology platform for the wellness industry, today announced the promotion of Josh McCarter to President of MINDBODY. McCarter joined MINDBODY as chief strategy officer following the company's acquisition of...

MINDBODY Named to the Pacific Coast Business Times 2019 Central Coast Best Places to Work List

SAN LUIS OBISPO, Calif., April 19, 2019 /PRNewswire/ -- MINDBODY, the leading technology platform for the fitness, beauty and wellness industries, today announced its selection to the Pacific Coast Business Times 2019 Central Coast Best Places to Work list. Winners were selected as a...
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MINDBODY Blogs

Your Studio Can Help Prevent Breast Cancer. Here’s How.

This October, for Breast Cancer Awareness month, MINDBODY and the Keep A Breast Foundation are joining forces for the national Fit 4 Prevention campaign, focusing on how exercise can help people lower their risk of breast cancer.   Vote …

How MINDBODY Supports Fitness Businesses

The future of your business is in good hands with MINDBODY. Our software enables you to manage your business no matter where your day takes you, find and retain customers, and grow—all from day one. Vote 11

Introducing the MINDBODY Visionary Awards

Today, we’re celebrating all of the work that you do by launching a new award program recognizing the efforts of businesses from around the world. 18 Undo vote
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MINDBODY Frequently Asked Questions

  • When was MINDBODY founded?

    MINDBODY was founded in 2001.

  • Who are MINDBODY key executives?

    MINDBODY's key executives are Rick Stollmeyer, Mike Mansbach and Brett White.

  • How many employees does MINDBODY have?

    MINDBODY has 1,759 employees.

  • What is MINDBODY revenue?

    Latest MINDBODY annual revenue is $182.6 m.

  • What is MINDBODY revenue per employee?

    Latest MINDBODY revenue per employee is $103.8 k.

  • Who are MINDBODY competitors?

    Competitors of MINDBODY include Wellsource, Moodwork and Netpulse.

  • Where is MINDBODY headquarters?

    MINDBODY headquarters is located at 651 Tank Farm Rd, San Luis Obispo.

  • Where are MINDBODY offices?

    MINDBODY has offices in San Luis Obispo, Atlanta, Austin, Irvine and in 10 other locations.

  • How many offices does MINDBODY have?

    MINDBODY has 16 offices.