Mathnasium Franchise Review 2026: Costs, Fees, News, Average Revenues and/or Profits

Ambrosio’s Take

Mathnasium operates in the supplemental math education space, where demand is driven by a combination of parental anxiety about academic performance and a curriculum gap that most schools struggle to close on their own. The system is growing with genuine momentum, up from 951 to 1,043 franchised outlets over three years, and average gross receipts have increased 4.7% in 2025 on top of 6.6% in 2024. What makes this FDD stand out is the transparency of the expense data: the 2025 average operating profit of 30.4% of gross receipts, or $117,000 in dollar terms, is disclosed clearly and already accounts for royalties and marketing fees, which combined with an initial investment of $127,316 to $165,846 produces one of the faster payback timelines I have seen in this review series. The multi-center data adds an instructive note: franchisees operating 6 or more centers averaged $467,965 in gross receipts per center, 25% higher than single-center operators, which suggests the concept rewards franchisees who build a portfolio rather than stop at one.

Ambrosio’s Take is a new feature on all Franchise Chatter FDD Talk posts based on the 2026 FDD.

In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:

Section I – Estimated initial investment (franchise costs) for a Mathnasium franchise, based on Item 7 of the company’s 2026 FDD

Section II – Initial franchise fee, royalty fee, and marketing fee for a Mathnasium franchise, based on Items 5 and 6 of the company’s 2026 FDD

Section III – Number of franchised and company-owned Mathnasium outlets at the start of the year and the end of the year for 2023, 2024, and 2025, based on Item 20 of the company’s 2026 FDD

Section IV – News updates on the Mathnasium franchise opportunity

Section V – Presentation and analysis of Mathnasium’s financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2026 FDD, including information on the:

• 2025 average, median, highest, and lowest gross receipts for the 914 franchised Mathnasium Centers in the United States that were open and operated by the same franchisee for 12 months or longer as of December 31, 2025, broken down by quartiles

• 2025 average reported gross receipts, instructor payroll, office supplies & furniture, professional fees, other variable expenses, rent, utilities & other fixed expenses, royalties & marketing fees, and operating profit for the 914 franchised Mathnasium Centers in the United States that were open and operated by the same franchisee for 12 months or longer as of December 31, 2025 and provided Mathnasium with complete 2025 P&Ls before the issuance date of the 2026 disclosure document

• 2025 average, median, high, and low gross receipts per center for the franchised Mathnasium Centers that were open and operated by the same franchisee for 36 months or longer as of December 31, 2025, broken down by the number of Mathnasium Centers that each franchisee owned and operated as of December 31, 2025 (1 center, 2 centers, 3-5 centers, 6+ centers)

Section VI – Key ratios, comparables, computations, and analyses for the Mathnasium franchise opportunity (exclusive content for Platinum subscribers)

Section I – Mathnasium Franchise Costs

• Mathnasium franchise costs, based on Item 7 of the company’s 2026 FDD:

• Initial Franchise Fee:  $49,000 for your first franchise; $26,500 if you are buying an additional franchise
• Expenses While Training:  $2,500 to $3,000
• Technology Fee:  $266 to $1,596
• Rent (first and last month’s rent):  $6,000 to $14,000
• Paint, Carpet, and Tenant Improvements:  $8,000 to $14,500
• Furniture, Signs, Equipment, and Supplies:  $17,000 to $25,000
• Insurance:  $1,500 to $1,750 annually
• Business License, Name Registration:  $250 to $1,000
• Professional Services (legal and/or accounting):  $1,300 to $2,000
• Phone and Utilities:  $500 to $1,000
• Video Surveillance and Related Equipment:  $500 to $2,500
• Pre-Open Advertising:  $5,500
• Additional Funds for 4 Months:  $35,000 to $45,000
• Total Estimated Mathnasium Franchise Costs (1st center):  $127,316 to $165,846
• Total Estimated Mathnasium Franchise Costs (additional center):  $104,816 to $143,346

Section II – Mathnasium’s Initial Franchise Fee, Royalty Fee, and Marketing Fee

• Mathnasium’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2026 FDD:

• Initial Franchise Fee:  $49,000 for your first franchise; $26,500 if you are buying an additional franchise

• Monthly Royalty:  initially, 10% of your monthly Gross Receipts from all sources as a result of operating your Center. Beginning in the 24th month of operation of the Center, the greater of (i) the 10% monthly royalty or (ii) $1,500.

• Base Royalty:  $650 per month (and, as applicable, an additional $650 per month following each Base Royalty Acquisition)

• Monthly Marketing Fee:  $250 plus 2% of your monthly Gross Receipts from all sources as a result of operating your Center

• Digital and Local Marketing Fee:  a minimum of $1,000 per month

Section III – Number of Franchised and Company-Owned Mathnasium Outlets

Franchised

2023

• Outlets at the Start of the Year:  951
• Outlets at the End of the Year:  968
• Net Change:  +17

2024

• Outlets at the Start of the Year:  968
• Outlets at the End of the Year:  995
• Net Change:  +27

2025

• Outlets at the Start of the Year:  995
• Outlets at the End of the Year:  1,043
• Net Change:  +48

Company-Owned

2023

• Outlets at the Start of the Year:  3
• Outlets at the End of the Year:  4
• Net Change:  +1

2024

• Outlets at the Start of the Year:  4
• Outlets at the End of the Year:  4
• Net Change:  0

2025

• Outlets at the Start of the Year:  4
• Outlets at the End of the Year:  4
• Net Change:  0

Section IV – News Updates on the Mathnasium Franchise

• Mathnasium Kicks Off 2026 With Strong Expansion Momentum, Top Franchise Rankings, and a Sharpened Digital Experience

• Mathnasium Powers Through 2025 With 51 New Franchise Deals and Global Milestone

• Mathnasium Celebrates Milestone Opening With its 100th International Center

• Mathnasium Unwraps 2025’s Smartest Educational Gifts for Kids, Just in Time for the Holidays

• Mathnasium Learning Centers Ranked No. 83 on Entrepreneur’s 2026 Franchise 500 List

Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Mathnasium Franchise (Item 19, 2026 FDD)

Part 1 – 2025 Reported Gross Receipts Performance

• Part 1 sets forth a historic financial performance representation for the period from January 1, 2025 through December 31, 2025. It includes average and median annual Gross Receipts of existing franchised Mathnasium Centers in the United States that were open and operated by the same franchisee for 12 months or longer as of December 31, 2025, broken down by quartiles.

• In this Item 19, “Gross Receipts” means the monthly Gross Receipts from all sources in the operation of a Mathnasium Center, including student tuition, registration and testing fees, sales of learning materials, hourly per student private tutoring, and any other approved services. “Gross Receipts” excludes sales tax receipts that franchisees must collect from customers and that are paid to the government, customer refunds actually paid, and coupons and approved promotional discounts.

Top 1/4

• Number of Centers:  229
• Average Gross Receipts:  $693,314
• Year-Over-Year %:  12.0%
• Lowest Gross Receipts:  $467,777
• Highest Gross Receipts:  $1,511,770
• Median Gross Receipts:  $635,510
• Number That Met or Exceeded Average:  81
• Percentage That Met or Exceeded Average:  35%

Mid-Upper 1/4

• Number of Centers:  228
• Average Gross Receipts:  $391,418
• Year-Over-Year %:  13.3%
• Lowest Gross Receipts:  $326,710
• Highest Gross Receipts:  $466,924
• Median Gross Receipts:  $391,156
• Number That Met or Exceeded Average:  112
• Percentage That Met or Exceeded Average:  49%

Mid-Lower 1/4

• Number of Centers:  228
• Average Gross Receipts:  $278,021
• Year-Over-Year %:  13.1%
• Lowest Gross Receipts:  $235,325
• Highest Gross Receipts:  $326,146
• Median Gross Receipts:  $274,816
• Number That Met or Exceeded Average:  107
• Percentage That Met or Exceeded Average:  47%

Bottom 1/4

• Number of Centers:  229
• Average Gross Receipts:  $176,306
• Year-Over-Year %:  19.2%
• Lowest Gross Receipts:  $66,925
• Highest Gross Receipts:  $234,408
• Median Gross Receipts:  $182,523
• Number That Met or Exceeded Average:  128
• Percentage That Met or Exceeded Average:  56%

All

• Average Gross Receipts:  $384,874
• Year-Over-Year %:  13.3%
• Median Gross Receipts:  $326,428
• Year-Over-Year %:  10.4%
• Number and Percentage That Met or Exceeded Average:  355 / 39%

• As of December 31, 2025, there were 1,047 Mathnasium Centers in operation in the United States.

• Of those, 129 were not included in this financial performance representation because they were not open and operated by the same franchisee for 12 months or longer as of December 31, 2025.

• As of December 31, 2025, Mathnasium’s affiliate operated 4 Mathnasium Centers, none of which were included in this financial performance representation.

Part 2 – 2025 Reported P&L Expenses

• Part 2 sets forth average reported Gross Receipts, average instructor payroll expenses, average office supplies & furniture expenses, average professional fees, average other variable expenses, average total variable expenses, average rent, average utilities & other fixed expenses, average total fixed expenses, average royalties & marketing fees, and average operating profit achieved by 914 franchised Mathnasium Centers in the United States for January 1, 2025 through December 31, 2025 (the “Measurement Period”), all of which have been open and operated by the same franchisee for at least 12 months in the United States as of December 31, 2025 (the “Covered Centers”).

• The Covered Centers provided Mathnasium with complete 2025 P&Ls prior to the issuance date of the 2026 disclosure document. 129 franchised Mathnasium Centers in the United States were excluded on the basis that they were not open and operated by the same franchisee for 12 months or longer as of December 31, 2025.

• As of December 31, 2025, Mathnasium’s affiliate operated 4 Mathnasium Centers, none of which were included in this financial performance representation.

Average

Number of Centers:  914

Reported Gross Receipts:  $384,874 (100.0%)

Variable Expenses

• Instructor Payroll:  $79,182 (20.6%)
• Office Supplies & Furniture:  $8,686 (2.3%)
• Professional Fees:  $2,942 (0.8%)
• Other Variable Expenses:  $54,356 (14.1%)
• Total Variable Expenses:  $145,166 (37.7%)

Fixed Expenses

• Rent:  $49,098 (12.8%)
• Utilities & Other Fixed Expenses:  $6,727 (1.7%)
• Total Fixed Expenses:  $55,825 (14.5%)

Royalties & Marketing Fees:  $66,883 (17.4%)

Operating Profit:  $117,000 (30.4%)

• “Instructor Payroll” is defined as the cost of hourly employees and independent contractors who offer instruction to enrolled students and excludes owner salary or draw and management salaries, bonus payments, and benefits.

• “Office Supplies and Furniture” is defined as the cost of furniture (e.g., chairs, tables, etc.), office supplies, and computer equipment (e.g., papers, pencils, laptops, electronic tablets, etc.) used in normal business operations.

• “Professional Fees” are defined as fees paid to third-party service providers, such as attorneys, accountants, and other consultants who provide professional business advice and guidance.

• “Other Variable Expenses” are defined as the sum of other operational costs required to operate the Mathnasium Center, including business licenses, permits, training expenses, travel and entertainment, and any miscellaneous business expenses not captured in the other defined categories of variable expenses.

• “Total Variable Expenses” are defined as the sum of the Instructor Payroll expenses, Office Supplies & Furniture expenses, Professional Fees, and Other Variable Expenses.

• “Rent” is defined as the amount payable to the landlord under the lease for the operating space for the Mathnasium Center.

• “Utilities & Other Fixed Expenses” are defined as all costs related to repairs, maintenance, telephone, internet, utilities, and other occupancy expenses (excluding Rent).

• “Total Fixed Expenses” are defined as the sum of the Rent and the Utilities & Other Fixed Expenses.

• “Royalties & Marketing Fees” are defined as base royalty fees, monthly royalty fees, technology fees, and marketing fees paid to Mathnasium, as described in Item 6.

• “Operating Profit” is defined as the reported Gross Receipts minus the sum of the above reported expenses.

Part 3 – 2025 Gross Receipts by Number of Mathnasium Centers Owned and Operated by Franchisee

• Part 3 sets forth a historic financial performance representation for the period from January 1, 2025 through December 31, 2025. It includes average and median annual Gross Receipts of existing franchised Mathnasium Centers that were open and operated by the same franchisee for 36 months or longer as of December 31, 2025, broken down by the number of Mathnasium Centers that each franchisee owned and operated as of December 31, 2025.

• The chart below shows the Average Gross Receipts per included Mathnasium Center, broken down by the number of Mathnasium Centers that each Franchisee owned and operated as of December 31, 2025.

1 Center

• Average Gross Receipts:  $373,107
• Number of Centers:  289
• Number of Franchisees:  289
• Median Gross Receipts:  $318,865
• Lowest Gross Receipts:  $90,745
• Highest Gross Receipts:  $1,335,332
• Number and Percentage That Met or Exceeded Average:  112 / 39%

2 Centers

• Average Gross Receipts:  $407,394
• Number of Centers:  120
• Number of Franchisees:  60
• Median Gross Receipts:  $338,334
• Lowest Gross Receipts:  $91,037
• Highest Gross Receipts:  $1,283,151
• Number and Percentage That Met or Exceeded Average:  44 / 37%

3-5 Centers

• Average Gross Receipts:  $453,229
• Number of Centers:  92
• Number of Franchisees:  26
• Median Gross Receipts:  $390,326
• Lowest Gross Receipts:  $77,077
• Highest Gross Receipts:  $1,511,770
• Number and Percentage That Met or Exceeded Average:  32 / 35%

6+ Centers

• Average Gross Receipts:  $467,965
• Number of Centers:  158
• Number of Franchisees:  14
• Median Gross Receipts:  $419,572
• Lowest Gross Receipts:  $122,948
• Highest Gross Receipts:  $1,387,460
• Number and Percentage That Met or Exceeded Average:  63 / 40%

• “Franchisee” is defined, collectively, as: (a) an individual or entity to whom Mathnasium or its affiliate has granted a Mathnasium franchise pursuant to a Mathnasium franchise agreement; and (b) any and all other entities owned by or affiliated with such individual or entity that are also parties to Mathnasium franchise agreements with Mathnasium or its affiliate.

• The above results were calculated by Mathnasium based on reports furnished to it by its franchisees. It is important to note that neither Mathnasium nor the submitting franchisees audited this information.

• Some Mathnasium Centers have earned this amount. Your individual results may differ. There is no assurance you will earn as much.

Section VI – Mathnasium Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️