Business · Companies · 2 hrs ago
Smart Fit’s recurring profit rises 40% as it expands beyond Brazil
Smart Fit reported recurring net profit of R$248 million in the third quarter of 2026, up 40% from a year earlier.
The Brazilian fitness company also recorded net revenue of R$2.3 billion.
It opened 392 locations in the past 12 months, exceeding the range of 300 to 360 openings set in its guidance for the year.
Smart Fit operates in 17 countries, and two-thirds of its gross profit comes from outside Brazil, helping reduce its exposure to risks in any one market.
Its businesses beyond traditional gyms grew 116% and made up 17% of gross profit, compared with 10% before.
TotalPass has about 2.3 million users in Brazil and 2.5 million worldwide, and its Brazil user count surpassed Smart Fit’s gym students last quarter.
The company expects its cash generation to balance its expansion investment next year.
Smart Fit reported recurring net profit of R$248 million in the third quarter of 2026, up 40% from a year earlier.
Net revenue reached R$2.3 billion in the quarter.
CEO Diogo Corona said the company opened 392 locations over the past 12 months and was on track to meet its annual opening target.
Smart Fit operates in 17 countries, and two-thirds of its gross profit comes from outside Brazil.
The company is also expanding businesses beyond traditional gyms, including TotalPass and Beyond Studios.
- Who
- Smart Fit, whose CEO is Diogo Corona.
- What
- Recurring net profit rose 40% to R$248 million in the third quarter of 2026. The company is expanding its operations and diversifying its business.
- When
- The third quarter of 2026. The report was published on November 6, 2026.
- Where
- Smart Fit operates in 17 countries, including Brazil. The company’s specific locations for the reported results are not stated.
- Why
- Corona said geographic diversification reduces exposure to currency, interest-rate and local economic risks.
This story does not have two clearly opposing sides.
Smart Fit recorded recurring net profit of R$248 million, up 40% year on year.
The company opened 392 locations, a record, according to Corona.
The company expects cash generation to balance with investment in expansion.
- Recurring net profit
- R$248 million in the third quarter of 2026, up 40% year on year
- Net revenue
- R$2.3 billion in the third quarter of 2026
- Markets
- Operations in 17 countries
- Gross profit outside Brazil
- Two-thirds of the company’s total
- Locations opened
- 392 in the past 12 months
- TotalPass students
- About 2.3 million in Brazil and 2.5 million globally
What people are saying
We opened 392 locations over the past 12 months, so we continue at a strong pace of openings
We continue focusing on this diversification strategy, which is proving to be a very correct decision for us
There was an increase regardless of age, regardless of income