TOWN SPORTS INTERNATIONAL HOLDINGS INC
Consumer Discretionary · Services-Membership Sports & Recreation Clubs · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | |
|---|---|---|---|---|---|---|
| Revenue | $466.8M | $443.1M | $403.0M | $101.3M | $111.4M | $453.8M |
| Operating income | −$6.5M | $12.5M | $6.9M | −$3.7M | −$7.9M | $752,000 |
| Net income | −$18.6M | $77,000 | $4.4M | −$6.9M | −$12.8M | −$69.0M |
| Total assets | $794.3M | $261.5M | $236.7M | $235.9M | $303.1M | $409.8M |
| Total liabilities | $882.6M | $334.2M | $314.6M | $321.5M | $399.3M | $527.9M |
| Equity | −$87.9M | −$73.0M | −$78.0M | −$85.7M | −$96.2M | −$118.1M |
| EPS (diluted) | $-0.70 | $0.00 | $-0.12 | $-0.28 | $-0.52 | $-2.84 |
| Shares out. | 27.9M | 27.2M | 26.6M | 25.0M | 24.4M | 24.1M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2019- Operating margin
- −1.4%
- Net margin
- −4.0%
- Return on equity
- 21.1%
- Return on assets
- −2.3%
- Return on capital (ROCE)
- −1.4%
- Liabilities / assets
- 111.1%
- Debt / equity
- —
- Book value / share
- $-3.15
- Revenue growth (YoY)
- 5.3%
- Net income growth (YoY)
- −24201.3%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2019- Altman Z″ (distress)
- -2.97distress
- Accruals / assets
- −6.2%clean
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 3 severe● 3 warning● 4 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Jun 26, 2020
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Kennedy Lewis Management Lp | Sep 17, 2021 | Sell | 31.0M | — |
| Juhan PhillipOfficer — Chief Financial Officer | Dec 28, 2020 | Grant | 2.0M | $0.00 |
| Walsh PatrickOfficer — Chief Executive Officer | Dec 28, 2020 | Grant | 8.1M | $0.00 |
| Kennedy Lewis Management LpDirector | Dec 28, 2020 | J | 31.0M | — |
| Crivello JefferyDirector | Apr 14, 2020 | Grant | 228,571 | $0.00 |
| Ajmera NitinOfficer — Chief Accounting Officer | Mar 23, 2020 | Sell | 2,037 | $0.78 |
| Wells Louis SpencerDirector | Jan 31, 2020 | Grant | 38,095 | $0.00 |
| Walsh PatrickOfficer — Chief Executive Officer | Jan 31, 2020 | Grant | 38,095 | $0.00 |
| Galligan Thomas J IiiDirector | Jan 31, 2020 | Grant | 38,095 | $0.00 |
| Annese Martin J.Director | Jan 31, 2020 | Grant | 38,095 | $0.00 |
| Ajmera NitinOfficer — Chief Accounting Officer | Jan 22, 2020 | Sell | 2,683 | $2.70 |
| Walsh PatrickOfficer — Chief Executive Officer | Jan 3, 2020 | Buy | 2.8M | $1.50 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Entered a material agreement · New financial obligation · Unregistered equity sale · Change in control · Director / officer changeDec 29, 2020
- Delisting / listing-standard noticeSep 21, 2020
- Director / officer change · Shareholder voteSep 16, 2020
- Bankruptcy or receivership · Debt acceleration / triggering event · Director / officer changeSep 14, 2020
- Results of operationsSep 4, 2020
- Regulation FD disclosureSep 1, 2020
- Debt acceleration / triggering event · Delisting / listing-standard notice · Other material eventAug 20, 2020
- Director / officer change · Item 5.08Jul 21, 2020
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.