MyFitnessPal

Austin, Texas

About MyFitnessPal

Company overview

MyFitnessPal is a digital health and fitness platform that provides tools for tracking nutrition, exercise, and wellness goals through its mobile app and website. Founded in 2005 by Mike Lee and Albert Lee, the company is headquartered in Austin, Texas. Initially developed to simplify calorie tracking for personal weight loss, MyFitnessPal has grown into a leading nutrition tracking app. MyFitnessPal operates a freemium model, offering free basic features and a premium subscription for advanced functionality. The platform integrates with wearable devices and fitness apps, serving users in over 120 countries. Business/Product Breakdown MyFitnessPal's primary product is its mobile app and website, which enable users to log food intake, track exercise, and monitor health metrics such as weight and macronutrients. The app features a database of over 14 million foods, allowing users to manually enter meals, scan barcodes, or use Meal Scan, a computer vision technology developed by Passio Inc., to log meals via camera. The free version includes calorie tracking, exercise logging, and community forums, while the premium subscription ($19.99/month or $79.99/year) offers detailed nutrient analysis, custom meal plans, and ad-free access. MyFitnessPal syncs with fitness devices and apps like Fitbit, Garmin, Apple Health, and Strava, enhancing its utility for users with wearables. Additional features include over 500 recipes, 150 workout routines, and partnerships with brands like Sprouts Farmers Market for healthy eating content. The platform generates revenue through premium subscriptions, in-app purchases, and advertising, leveraging its large user base to attract brand partnerships.

Keywords

Revenue

Revenue

EBITDA

EBITDA

Valuation

Valuation
Income Statement
Line Item20242023202220212020
Revenues$380 MM$250 MM$90 MM$120 MM$65 MM
Gross Profit$190 MM$125 MM$45 MM$60 MM$32.50 MM
Net Income (Loss)$43 MM$25 MM$9 MM$12 MM$6.50 MM
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Balance Sheet
Line Item20242023202220212020
Total Assets$850 MM$720 MM$680 MM$650 MM$600 MM
Total Liabilities$450 MM$400 MM$380 MM$350 MM$320 MM
Total Equity$400 MM$320 MM$300 MM$300 MM$280 MM
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Ratios

Revenue / EBITDA
123 MM
Valuation / Revenue
123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee--------------------
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Jane DoeEmployee--------------------
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John DoeEmployee--------------------
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John DoeEmployee--------------------
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401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

Deal Amount

$120M

Target Company Valuation

$1.20 MM

Techniques

Acquisition of Assets, Taken Private

Stake Tags

100%

Is PE deal

Yes

Is deal PE backed

Yes

Total Acquired

100%

Secondary Transaction2023-09-01Canceled

Target

BrightHealth Technologies

Seller

Early Investors Consortium

Investor Sponsors

--

Deal Amount

Undisclosed

Target Company Valuation

NaN

Techniques

Secondary Sale, Management Buy-out (MBO)

Stake Tags

Majority

Is PE deal

No

Is deal PE backed

Yes

Total Acquired

65%

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