India, July 13 -- After years of prioritising expansion over profitability, Cult.fit's pre-IPO papers and draft red herring prospectus (DRHP) suggest that the fitness startup may finally be focusing on its financial core.

The Naresh Krishnaswamy-led startup reported a 41.6% year-on-year increase in operating revenue to Rs.1,720.6 Cr in FY26 whilst trimming its consolidated net loss by 48% to Rs.251.9 Cr from Rs.480.6 Cr in the previous fiscal.

At the same time, EBITDA losses also narrowed, and cash generated from operations improved sharply, suggesting that the startup's growth is beginning to translate into healthier unit economics rather than higher cash burn.

The timing is crucial. Cult.fit is preparing to tap the public markets at ...