OverviewSuggest Edit

MINDBODY is a provider of a cloud-based business management software and payments platform for health and fitness providers. The Company's business management software streamlines day-to-day tasks and saves time with automation, online booking and payments, client relationship and marketing tools, staff scheduling, point of sale tools and business metrics. MINDBODY’s 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.

TypePublic
Founded2001
HQSan Luis Obispo, US
Websitemindbodyonline.com
Employee Ratings3.5

Latest Updates

Employees (est.) (Feb 2019)1,802(+27%)
Job Openings81
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
Kimberly Lytikainen

Kimberly Lytikainen

Chief Legal Officer, Corporate Secretary & Compliance Officer
Mark Baker

Mark Baker

Chief Revenue Officer
Josh McCarter

Josh McCarter

Chief Strategy Officer
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MINDBODY Office Locations

MINDBODY has offices in San Luis Obispo, Scottsdale, Austin, Santa Maria and in 2 other locations
San Luis Obispo, US (HQ)
4051 Broad St STE 220
Austin, US
3300 N Interstate Hwy 35
Santa Maria, US
2811 Airpark Dr
Scottsdale, US
1355 N Scottsdale Rd
Surry Hills, AU
201 64-76 Kippax St
London, GB
1 New Change
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MINDBODY Financials and Metrics

MINDBODY Revenue

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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)

Market capitalization (14-Feb-2019)

1.8b

Closing stock price (14-Feb-2019)

36.5

Cash (30-Sep-2018)

154.1m
MINDBODY's current market capitalization is $1.8 b.
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

Inventories

3.1m3.7m

Current Assets

103.1m98.7m248.5m
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, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

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

Depreciation and Amortization

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

Accounts Payable

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

Cash From Operating Activities

(9.4m)(13.9m)(2.7m)(3.7m)(4.1m)1.0m5.5m55.0k(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. MINDBODY's Active Customers was reported to be 40 m 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

Active Customers

28 m30 m37 m40 m
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MINDBODY Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
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

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MINDBODY Online and Social Media Presence

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MINDBODY News and Updates

Rachel Hollis to Keynote BOLD 2019, the MINDBODY Conference

SAN LUIS OBISPO, Calif., March 4, 2019 /PRNewswire/ -- MINDBODY, Inc., the leading technology platform for the fitness, beauty and wellness services industries, today announced that Rachel Hollis will serve as the opening keynote speaker at the company's annual conference, BOLD. The...

Vista Equity Partners Completes Acquisition of MINDBODY, Inc.

SAN LUIS OBISPO, Calif., Feb. 15, 2019 (GLOBE NEWSWIRE) -- MINDBODY, Inc., the leading technology platform for the fitness, beauty and wellness services industries, today announced that it has been acquired by Vista Equity Partners (“Vista”), a leading investment firm focused on software, data and…

SHAREHOLDER ALERT: WeissLaw LLP Investigates MINDBODY, Inc.

NEW YORK, Jan. 10, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of MINDBODY, Inc. ("MB" or the "Company") (NASDAQ: MB) in connection with the proposed acquisition of the Company by Vista Equity ...

Technological Innovations to Boost the Global Appointment Booking Software Market Industry Size, Trends, Growth, Applications, Demand and Forecast Research - MINDBODY, Acuity Scheduling, Versum, Flash Appointments, Bitrix24, BookSteam, Shortcuts Software,

“Global Appointment Booking Software Market Size, Status and Forecast 2023,” which provides an overview of the various factors enabling growth in the market. It also presents insights into various restraints that pose threat and highlights opportunities that will help the market pick pace in the for…

Mindbody, the $1.9 billion company that books hair and yoga appointments, is going private (MB)

Mindbody, a software company that provides technology platforms for fitness and wellness studios, is being acquired by a private-equity firm and going private after three years as a public company, it announced Monday.  Vista Equity Partners will acquire all of the company's stock for $1.9 billio…

MINDBODY (MB) Alert: Johnson Fistel Investigates Proposed Sale of MINDBODY, Inc. to Vista Equity Partners; Are Shareholders Getting a Fair Deal?

SAN DIEGO, Dec. 24, 2018 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of MINDBODY, Inc. (NASDAQ: MB) ("MINDBODY") breached their fiduciary duties in connection with the proposed sale of the Company to Vista...
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MINDBODY Blogs

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

I.C.Y.M.I: The Latest in Wellness Trends

If you attended this year’s BOLD Conference, it’s likely you walked away with inspiration and enthusiasm to finish 2018 strong. And why wouldn’t you? If you attended our State of the Industry presentation, you know the wellness industry is booming. But just in case you missed the conference, or sim…
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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 1,802 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 $101.3 k.

  • Who are MINDBODY competitors?

    Competitors of MINDBODY include Booker Software, Pear Sports and Rogue Wave Software.

  • Where is MINDBODY headquarters?

    MINDBODY headquarters is located at 4051 Broad St STE 220, San Luis Obispo.

  • Where are MINDBODY offices?

    MINDBODY has offices in San Luis Obispo, Scottsdale, Austin, Santa Maria and in 2 other locations.

  • How many offices does MINDBODY have?

    MINDBODY has 6 offices.