Mindbody

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, as well as point of sale tools and business metrics. The company offers web and mobile solutions that 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, CA, US
Websitemindbodyonline.com
Employee Ratings3.9
Overall CultureB

Latest Updates

Employees (est.) (Jul 2022)1,659
Job Openings74
Revenue (FY, 2017)$182.6 M
Share Price (Feb 2019)$36.5
Cybersecurity ratingCMore
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Key People/Management at Mindbody

Josh McCarter

Josh McCarter

Chief Executive Officer
Aaron Stead

Aaron Stead

Chief Revenue Officer
Josh Todd

Josh Todd

Chief Marketing Officer
Tom Aveston

Tom Aveston

Chief Financial Officer
Kristin Carrico

Kristin Carrico

Senior Vice President
Meisha Sherman

Meisha Sherman

Chief People Officer
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Mindbody Office Locations

Mindbody has offices in San Luis Obispo, Atlanta, Irvine, Lansdale and in 8 other locations
San Luis Obispo, CA, US (HQ)
651 Tank Farm Rd
Atlanta, GA, US
171 17th St. NW, Ste. 800
Irvine, CA, US
18400 Von Karman Ave #620
Lansdale, PA, US
1690 Sumneytown Pike #140
San Diego, CA, US
12265 El Camino Real #200
San Francisco, CA, US
101 Second Street, 101 2nd St #575, San Francisco
Show all (13)

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

7 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
Show all financial metrics

Mindbody Revenue

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, 2017

Revenue

182.6m

Cost of goods sold

51.9m

Gross profit

130.8m

Gross profit Margin, %

72%
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018

Revenue

53.8m61.6m63.8m

Cost of goods sold

15.4m19.4m20.2m

Gross profit

38.4m42.2m43.6m

Gross profit Margin, %

71%68%68%
Annual
USDFY, 2017

Cash

232.0m

Accounts Receivable

10.9m

Prepaid Expenses

5.6m

Current Assets

248.5m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018

Cash

217.7m325.8m154.1m

Accounts Receivable

12.2m13.5m12.6m

Prepaid Expenses

6.4m9.6m8.9m

Current Assets

237.2m350.7m349.3m
Annual
USDFY, 2017

Net Income

(14.8m)

Depreciation and Amortization

9.2m

Accounts Payable

2.0m

Cash From Operating Activities

11.1m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018

Net Income

(1.7m)(18.6m)(35.8m)

Depreciation and Amortization

2.6m8.0m13.5m

Accounts Payable

1.1m(2.4m)(1.1m)

Cash From Operating Activities

55.0k(5.1m)(7.5m)
USDFY, 2017

Revenue/Employee

128.1k

Financial Leverage

1.2 x
Show all financial metrics

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 k42.7 k45.67 k48.65 k51.48 k51.48 k53.6 k55.77 k58.57 k60.39 k60.39 k59.92 k59.35 k59.03 k

Payments' Volume

$4.1 b$1.17 b$1.25 b$1.28 b$1.37 b$5.1 b$1.52 b$1.6 b$1.61 b$1.74 b$6.47 b$1.86 b$1.9 b$2 b

Average Monthly Revenue per Subscriber

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

Countries

130130

Mindbody Acquisitions / Subsidiaries

Company NameDateDeal Size
ZeeZorMarch 06, 2020
Booker SoftwareMarch 12, 2018$150 m
FitMetrixFebruary 20, 2018
LymberMarch 27, 2017
MINDBODY AUSTRALIA PTY LTD
MINDBODY, LTD.

Mindbody Revenue Breakdown

Embed Graph

Mindbody revenue breakdown by business segment: 39.0% from Payments, 59.8% from Subscription and services and 1.2% from Other

Mindbody Cybersecurity Score

Cybersecurity ratingPremium dataset

C

72/100

SecurityScorecard logo

Mindbody Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

30-39

out of 100

CSRHub logo

Mindbody Online and Social Media Presence

Embed Graph

Mindbody Company Culture

  • Overall Culture

    B

    73/100

  • CEO Rating

    A+

    82/100

  • Compensation

    B

    73/100

  • Diversity

    C+

    69/100

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Mindbody News and Updates

Mindbody announces executive leadership changes; positions Mindbody to power a new era of wellness

Fritz Lanman named CEO; Josh McCarter to transition from CEO to the Mindbody Board of Directors SAN LUIS OBISPO, Calif., Aug. 2, 2022 /PRNewswire/ -- Mindbody, the leading technology platform for the wellness industry, today announced the appointment of Fritz Lanman as its new Chief...

Mindbody Offers Financing to Wellness Businesses

Mindbody has introduced Mindbody Capital, a financing option for spa and wellness businesses. The goal is to provide businesses with easy access to funding and help support the wellness industry's recovery from the pandemic. Mindbody Capital can be used through the current Mindbody software. Custome…

Should You Join a Hybrid Gym?

Nothing quite matches the vibe of an in-person gym: the heart-pumping music, the IRL energy and direction from instructors, the camaraderie of a group class. At the same time, nothing beats the convenience of a virtual workout, which allows you to break a sweat whenever and wherever works best for y…

More Americans Just Want to Rest. Even at the Gym.

Months of stress and sweatpants have shifted priorities for gym-goers, with many saying they now care more about how they feel versus how they look. A recent survey of 16,000 Americans reported 43% are exercising to feel better and 59% to reduce stress. The gentler offerings also provide an easier o…

The 14 Best Ways To Stay Fit During The Summer

Even if it's not summer, it's perfectly acceptable to dream ahead to those warm, balmy months when the days seem to stretch on endlessly (in the best way). After a cold winter and a potentially wet spring, the arrival of summer can feel like a massive relief. It's the perfect time to take whatever a…

Mindbody Names Meisha Sherman Chief People Officer

Mindbody Names Meisha Sherman Chief People Officer Accomplished Human Resources executive to oversee leading wellness technology platform’s growing global team. SAN LUIS OBISPO, Calif., April 14, 2022 --Mindbody, the leading experience technology platform for the wellness industry, today announced M…
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Mindbody Blogs

Black-owned Fitness Studios to Support Now...and All the Time

Black-owned Fitness Studios to Support Now...and All the Time denise.prichard Thursday Jan 28, 2021 Fitness February is Black History Month—a month to celebrate the achievemen…

New Year, New Business: Here are the Best Months to Offer Discounts in 2019

The turn of the calendar year is a great opportunity to launch new offers and drum up interest among current and potential customers. But knowing when to launch new offers can be difficult, especially during the winter months. Vote 2

2019 Fitness Trends and What They Mean for Your Fitness Business

With the start of each New Year, there is a renewed focus on fitness. Suddenly, it seems as if getting to the gym or making it to class is at the top of everyone’s list. In this spirit, MINDBODY is releasing a series of research reports as part of our 2019 MINDBODY Wellness Index characterizing the…

What City is Home to the Strongest Wellness Market in America? The MINDBODY Wellness Index Ranks the Top 50

At the start of 2019, Americans face a health paradox. Wellness services are more available than ever before, yet many Americans struggle with obesity, addiction, mental illness, and other health issues. In an attempt to better understand where the opportunities to improve health exist, we created …

5 Wellness Trends to Take Note Of in 2019

Ahead of the new year, business owners should look at implementing new offerings within their studios that are both on trend and appeal to ever-changing consumer demands. Vote 1

Ripple Effect: A Docuseries by MINDBODY

As the year winds down, it’s a time to reflect on the impact of the past year, and we’re recognizing the efforts of two businesses who are making the world healthier. Vote 0
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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 Josh McCarter, Aaron Stead and Josh Todd.

  • How many employees does Mindbody have?

    Mindbody has 1,650 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 $110.7 k.

  • Who are Mindbody competitors?

    Competitors of Mindbody include iFIT Health & Fitness, Zenoti and naviHealth.

  • 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, Irvine, Lansdale and in 8 other locations.

  • How many offices does Mindbody have?

    Mindbody has 13 offices.