Recent Updates — BODI

The Beachbody Company entered into Amendment No. 2 to its Credit Agreement with Tiger Finance on August 3, 2026, modifying financial covenants to enhance flexibility. Key changes include eliminating the billings fixed charge coverage ratio and reducing the minimum cash threshold for testing specific covenants from approximately $29.6 million to $22.5 million. The minimum liquidity requirement increased from $15 million to $18 million, with a scheduled step-down to $16 million starting March 1, 2027. Additionally, the interest rate was adjusted to SOFR plus 9.00%, removing a previous step-down provision. As of March 31, 2026, the company reported cash of $36.6 million against debt of $23.6 million. The Beachbody Company operates in the health and fitness industry, providing nutrition supplements and digital fitness programs.