NLS on NYSE

Nautilus, Inc.

American fitness equipment company

BowFlex, Inc., formerly Nautilus, Inc., located in Vancouver, Washington, United States, was the American worldwide marketer, developer, and manufacturer of fitness equipment brands Bowflex, Schwinn, and JRNY, its adaptive fitness platform. The company changed its corporate name from Nautilus, Inc. to BowFlex, Inc. in 2023. BowFlex Inc. was a publicly traded company listed on the OTC Markets Group as BFXXQ, and formerly on the New York Stock Exchange.3 Its shares trade on NYSE under the symbol NLS.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$206.0MRevenue, fiscal 20245
-$90.4MNet income, fiscal 20245
1986Founded1

Compare with American Outdoor Brands, Inc., ESCALADE INC or Clarus Corp, or pick any stock.

  • TickerNLS on NYSE1
  • IndustrySporting & Athletic Goods, NEC1
  • HeadquartersVancouver1
  • Websitewww.nautilusinc.com
  • Incorporated inWA6
  • Business address17750 Se 6Th Way, Vancouver, Wa 986836
  • Filer categoryNon-accelerated filer, Smaller reporting company6
  • Legal formCorporation4
  • LEI549300LLLHX2HF71YE904
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O COGENCY GLOBAL INC., 98512 Tumwater, United States4
  • Registered withCorporations Division (Office of the Secretary of State), 601 414 5694

BowFlex, Inc., formerly Nautilus, Inc., located in Vancouver, Washington, United States, was the American worldwide marketer, developer, and manufacturer of fitness equipment brands Bowflex, Schwinn, and JRNY, its adaptive fitness platform. The company changed its corporate name from Nautilus, Inc. to BowFlex, Inc. in 2023. BowFlex Inc. was a publicly traded company listed on the OTC Markets Group as BFXXQ, and formerly on the New York Stock Exchange. The company's products are sold globally to customers through e-commerce, call centers, and retail stores.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

24.2%Gross margin5
-43.5%Operating margin5
-43.9%Net margin5
-28.2%Revenue growth, 20245
$3.2MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue76¢$156.0M
  • Research and development8¢$16.5M
  • Other costs12¢$24.3M
  • Interest4¢$7.3M
  • Income tax1¢$1.8M

Out of $206.0M in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2024

  • Capital spending47¢$2.9M
  • Kept or used elsewhere53¢$3.2M

Out of $6.1M of cash from operations.5

Financial statements

Revenue8910115$206.0M in 2024−49% since 2017
0$200.0M$400.0M$600.0M2017: $406.2M$406.2M20172018: $396.8M$396.8M2018−2%2019: $309.3M$309.3M2019−22%2020: $552.6M$552.6M2020+79%2022: $589.5M$589.5M2022+7%2023: $286.8M$286.8M2023−51%2024: $206.0M$206.0M2024−28%
Gross profit8910115$49.9M in 2024−76% since 2017
0$100.0M$200.0M$300.0M2017: $203.9M$203.9M20172018: $181.7M$181.7M2018−11%2019: $110.6M$110.6M2019−39%2020: $228.8M$228.8M2020+107%2022: $148.5M$148.5M2022−35%2023: $52.0M$52.0M2023−65%2024: $49.9M$49.9M2024−4%
Operating income8910115-$89.7M in 2024
-$150.0M-$100.0M-$50.0M0$50.0M$100.0M2017: $36.3M$36.3M20172018: $20.8M$20.8M2018−43%2019: -$100.5M-$100.5M20192020: $77.8M$77.8M20202022: -$25.3M-$25.3M20222023: -$93.4M-$93.4M2023+269%2024: -$89.7M-$89.7M2024−4%
Net income8910115-$90.4M in 2024
-$150.0M-$100.0M-$50.0M0$50.0M$100.0M2017: $26.3M$26.3M20172018: $14.7M$14.7M2018−44%2019: -$92.8M-$92.8M20192020: $59.8M$59.8M20202022: -$22.4M-$22.4M20222023: -$105.4M-$105.4M2023+370%2024: -$90.4M-$90.4M2024−14%
Fiscal year20172018201920202021202220232024
Revenue$406.2M8$396.8M9$309.3M10$552.6M10$589.5M11$286.8M5$206.0M5
Cost of revenue$202.3M8$215.0M9$198.7M10$323.8M10$441.1M11$234.8M5$156.0M5
Gross profit$203.9M8$181.7M9$110.6M10$228.8M10$148.5M11$52.0M5$49.9M5
Research and development$15.4M8$16.8M9$14.3M10$15.8M10$22.8M11$21.8M5$16.5M5
Operating expenses$173.8M11$145.3M5$139.6M5
Operating income$36.3M8$20.8M9-$100.5M10$77.8M10-$25.3M11-$93.4M5-$89.7M5
Interest$1.6M8$1.1M9$980.0K10$1.5M10$1.6M11$3.8M5$7.3M5
Income before tax-$28.2M11-$98.1M5-$86.7M5
Income tax$8.1M8$5.9M9-$9.5M10$12.2M10-$6.0M11$9.4M5$1.8M5
Net income$26.3M8$14.7M9-$92.8M10$59.8M10-$22.4M11-$105.4M5-$90.4M5
Earnings per share$0.868$0.499-$3.1310$1.9910-$0.7211-$3.345-$2.565
Earnings per share (diluted)$0.858$0.489-$3.1310$1.8610-$0.7211-$3.345-$2.565
Shares (weighted, basic)31.0M shares1131.6M shares535.3M shares5
Shares (weighted, diluted)31.0M shares1131.6M shares535.3M shares5

Compare Nautilus, Inc. with another company

Corporate structure

Nautilus, Inc. sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Nautilus, Inc.

  • Nautilus, Inc. New York, New York, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Nautilus, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$569.0K5 Mar 31, 2024$81.7M5 Mar 31, 2023−99.3%
Accumulated depreciation$285.0K5 Mar 31, 2024$48.9M5 Mar 31, 2023−99.4%
Property and equipment, net$284.0K5 Mar 31, 2024$32.8M5 Mar 31, 2023−99.1%
Operating-lease assets (leased space)$05 Mar 31, 2024$19.1M5 Mar 31, 2023−100.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$8.7M5 Mar 31, 2024$17.4M5 Mar 31, 2023−50.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$011 Mar 31, 2023$24.5M11 Mar 31, 2022−100.0%
Intangible assets, net (excluding goodwill)$2.9M5 Mar 31, 2024$6.8M5 Mar 31, 2023−57.3%
Trademarks and trade names (indefinite-lived)$2.9M5 Mar 31, 2024$6.6M5 Mar 31, 2023−56.0%
Accumulated amortization$05 Mar 31, 2024$853.0K5 Mar 31, 2023−100.0%
Finite-lived intangibles, net$05 Mar 31, 2024$190.0K11 Mar 31, 2023−100.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$33.1M5 Mar 31, 2024$46.6M5 Mar 31, 2023−29.0%
Finished goods$30.2M5 Mar 31, 2024$42.5M5 Mar 31, 2023−28.9%

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

Nautilus, Inc. originated in 1986 with the sale of most of the company by the inventor of Nautilus machines, Arthur Jones. Jones created the Nautilus machine, then called the Blue Monster, in the late 1960s, with the purpose of developing a fitness machine that accommodates human movement. The company's name was changed to Nautilus because the logarithmic-spiral cam, which made the machine a success, resembled a nautilus.

BowFlex acquired Nautilus, Inc. and specialized in designing, developing and marketing strength and cardio fitness products. In 1998, the company changed its name to Direct Focus and acquired the Nautilus, Schwinn and StairMaster brands between 1999 and 2002, before eventually changing its name to Nautilus, Inc. in 2005. Nautilus became a publicly traded company on the U.S. stock exchange in May 1999.

The company stopped selling exercise equipment to gyms in 2011 and shifted its focus to home-use equipment. The same year, Nautilus. licensed its brand name and technology to other manufacturers.

In 2004, Nautilus was sued by Biosig Instruments for allegedly infringing its design for heart-rate monitors. The case eventually reached the United States Supreme Court, who used it to establish reasonable certainty as the standard for judging whether or not a patent claim was indefinite.

Nautilus acquired Octane Fitness, LLC from private equity firm North Castle Partners on December 31, 2015.

The company was recognized by The Oregonian as one of the top places to work, as well as the company with the healthiest employees of Oregon by the Portland Business Journal, in its 100-499 employee category.

Nautilus has been awarded as an American Heart Association Fit-Friendly company.

On November 1, 2023, Nautilus, Inc. changed its name to BowFlex, Inc.

Read the full text

On March 5, 2024, BowFlex filed for bankruptcy. The bankruptcy resulted in Johnson Health Tech acquiring the BowFlex, Schwinn, and JRNY brands.

From Wikipedia’s article on BowFlex, Inc., shared under CC BY-SA 4.0.7

Leadership

Who has led Nautilus, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (49)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerAlan Chan named Aug 11, 202380
  • Executive Officer, DirectorJames Barr IV named Aug 11, 202380

Products and brands

  • exercise equipment

Listed on Wikidata.1

The BowFlex Inc. portfolio included global fitness equipment brands BowFlex, Schwinn Fitness, and JRNY.

BowFlex

BowFlex is the brand name for cardio and strength fitness training equipment. The first BowFlex product, BowFlex 2000X home gym, was created in 1986. BowFlex products now range from cardio machines, to adjustable dumbbells and home gyms. The BowFlex brand includes the BowFlex Max Trainer, the SelectTech Adjustable dumbbells for strength training, and BowFlex Xtreme 2 home gym and BowFlex Revolution home gym. The brand also makes treadmills, elliptical machines, and indoor cycling bikes.

Schwinn

The Schwinn brand included cardio products.

In addition to upright and indoor cycling bikes, the Schwinn brand also includes treadmills and rowing machines, as well as the vintage styled Schwinn Classic Cruwaser bike with a digital app.

Read the full text

JRNY

The JRNY adaptive fitness membership offers cardio, strength and whole-body workouts.

From Wikipedia’s article on BowFlex, Inc., shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Also owns

From Wikidata.1

Former names

  • NAUTILUS GROUP INCMay 23, 2002 to Apr 1, 20056
  • DIRECT FOCUS INCNov 15, 1999 to May 17, 20026

Timeline

  1. Aug 21, 20248-K Bankruptcy or receivership81
  2. Apr 23, 20248-K Ended a material agreement; Bankruptcy or receivership; Completed an acquisition or sale82
  3. Apr 16, 20248-K Regulation FD disclosure; Other events83
  4. Mar 8, 20248-K Executive or director change84
  5. Mar 6, 20248-K Listing notice or transfer85
  6. Mar 5, 20248-K Entered a material agreement; Bankruptcy or receivership; New debt or obligation86
  7. Mar 1, 20248-K Ended a material agreement87
  8. Feb 5, 20248-K Executive or director change88
  9. Dec 1, 20238-K Listing notice or transfer; Regulation FD disclosure89
  10. Nov 14, 20238-K Results of operations90
  11. Oct 19, 20238-K Other events91
  12. Sep 27, 20238-K Listing notice or transfer; Regulation FD disclosure92
  13. Mar 20, 2019New chief executive M. Carl Johnson Iii. becomes CEO18
  14. Feb 12, 2019New chief executive William B. McMahon becomes CEO17
  15. Jun 1, 2011New chief executive Bruce M. Cazenave becomes CEO19
  16. Feb 14, 2006New chief executive Greggory C. Hammann becomes CEO20
  17. 1986Founded Founded1

Calendar

When it reported results

  1. Nov 14, 2023Reported quarterly or annual results90
  2. May 23, 2023Reported quarterly or annual results93
  3. May 2, 2023Reported quarterly or annual results94
  4. Feb 9, 2023Reported quarterly or annual results95
  5. Nov 9, 2022Reported quarterly or annual results96
  6. Aug 9, 2022Reported quarterly or annual results97
  7. Jul 15, 2022Reported quarterly or annual results98
  8. May 24, 2022Reported quarterly or annual results99

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

214 filings to the SEC since October 2021: 3 annual reports, 8 quarterly reports, 34 major events, 117 insider forms, 13 large holders, 1 private raises, 38 other. The latest 20:

  1. Aug 21, 20248-K EDGAR
  2. Aug 6, 202410-K EDGAR
  3. Jul 16, 202411-K EDGAR
  4. Jun 28, 2024NT 11-K EDGAR
  5. Jun 28, 2024NT 10-K EDGAR
  6. Apr 25, 202415F-12B EDGAR
  7. Apr 23, 20248-K EDGAR
  8. Apr 16, 20248-K EDGAR
  9. Apr 2, 2024EFFECT EDGAR
  10. Mar 27, 2024S-8 POS EDGAR
  11. Mar 27, 2024S-8 POS EDGAR
  12. Mar 27, 2024S-8 POS EDGAR
  13. Mar 27, 2024S-8 POS EDGAR
  14. Mar 27, 2024S-8 POS EDGAR
  15. Mar 27, 2024S-8 POS EDGAR
  16. Mar 27, 2024S-8 POS EDGAR
  17. Mar 27, 2024S-8 POS EDGAR
  18. Mar 27, 2024POS AM EDGAR
  19. Mar 27, 2024RW EDGAR
  20. Mar 8, 20248-K EDGAR

The 214 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

8 open-market trades by officers, directors and large owners since October 2021: 5 buys and 3 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 6, 2022Collins Jeffery LynnVP & GM, InternationalBuy20,000$2.15$43.0KForm 4
Jun 3, 2022McGregor JaySVP & GM North America SalesBuy5,600$2.13$11.9KForm 4
May 26, 2022Alseth Becky L.Chief Marketing OfficerSale8,178$2.16$17.7KForm 4
May 18, 2022Sharma RubyDirectorBuy10,000Form 4
Mar 9, 2022Alseth Becky L.Chief Marketing OfficerSale8,261$4.86$40.2KForm 4
Feb 25, 2022Siegert Marvin GDirectorBuy3,000$4.55$13.7KForm 4
Feb 24, 2022Siegert Marvin GDirectorBuy3,000$4.55$13.7KForm 4
Feb 23, 2022Jones Sarah AnnePrincipal Accounting OfficerSale8,800$4.79$42.2KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Jun 15, 2023Filed a private offering of equity80 Form D: 1 investor so far Form D

SEC filer profile

How Nautilus, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBOWFLEX INC.2
  • CIK0001078207
  • Employer ID (EIN)94-30026672
  • Filer statusNon-accelerated filer<br>smaller reporting company2
  • Incorporated inWashington2
  • Fiscal year endsMarch 312
  • Industry code (SIC)3949 Sporting & Athletic Goods, NEC2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address17750 Se 6Th Way, Vancouver, WA 986832
  • Phone360-859-29002
  • Shares outstanding36,411,534 as of May 30, 20245
  • Public float$29.8M as of Sep 30, 20235
  • On EDGAR sinceMar 3, 19992
  • Filings1,476 in all: 4 (641), 8-K (285), 10-Q (75), 3 (63), SC 13G/A (57), SC 13G (50), 4/A (44), SC 13D/A (27)2
    All 54 form types

    DEF 14A (26), 11-K (25), 10-K (24), DEFA14A (17), UPLOAD (14), 8-K/A (11), CT ORDER (11), SD (10), CORRESP (9), ARS (8), DFAN14A (8), S-8 (8), S-8 POS (8), SC 13D (5), 5 (4), 3/A (3), EFFECT (3), NT 11-K (3), S-1/A (3), 25-NSE (2), 8-A12B (2), CERTNYS (2), NT 10-Q (2), PRE 14A (2), S-1 (2), SEC STAFF LETTER (2), 10-K/A (1), 10-K405 (1), 10-Q/A (1), 10-QT (1), 11-K/A (1), 15F-12B (1), 424B4 (1), 424B5 (1), 8-A12G (1), D (1), DEFC14A (1), DEFN14A (1), NT 10-K (1), POS AM (1), PREC14A (1), PREN14A (1), PRRN14A (1), RW (1), S-3 (1), S-3/A (1)

  • Latest filingsAnnual report (10-K) Aug 6, 2024
    Quarterly report (10-Q) Feb 21, 2024
    Proxy statement (DEF 14A) Jun 16, 2023
    Latest 8-K (8-K) Aug 21, 2024

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77
  78. 78
  79. 79
  80. 80
  81. 81
  82. 82
  83. 83
  84. 84
  85. 85
  86. 86
  87. 87
  88. 88
  89. 89
  90. 90
  91. 91
    SEC EDGAROther events
  92. 92
  93. 93
  94. 94
  95. 95
  96. 96
  97. 97
  98. 98
  99. 99
  100. 100
  101. 101
  102. 102
  103. 103
  104. 104
  105. 105
  106. 106
  107. 107