Xponential Fitness Inc
For the period ended Dec 31, 2023. Filed Mar 4, 2024.
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FY2023 · Filed Mar 4, 2024
XPOF$4.59-3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes to Stockholders'/Member’s Equity (Deficit)
| Class A Common Stock · Class B Common Stock · Treasury Stock | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | Shares | Amount | Additional Paid-In Capital | Member’sContribution | Receivablefrom Member/Shareholder | Accumulated Deficit | Noncontrolling interests | TotalEquity(Deficit) | Redeemable noncontrolling interests | |
| Balance at January 1, 2021 | — | $— | — | $— | — | $— | $— | $113,697 | $(1,456) | $(107,492) | $— | $4,749 | $— |
| Activity prior to Reorganization Transactions and IPO | |||||||||||||
| Equity-based compensation | — | — | — | — | — | — | — | 708 | — | — | — | 708 | — |
| Parent contribution of Rumble assets | — | — | — | — | — | — | — | 20,483 | — | — | — | 20,483 | — |
| Distributions to Member | — | — | — | — | — | — | — | (10,600) | — | — | — | (10,600) | — |
| Payment received from Member, net | — | — | — | — | — | — | — | — | 1,456 | — | — | 1,456 | — |
| Net loss | — | — | — | — | — | — | — | — | — | (13,342) | — | (13,342) | — |
| Balance prior to Reorganization Transactions and IPO | — | — | — | — | — | — | — | 124,288 | — | (120,834) | — | 3,454 | — |
| Activity in connection with Reorganization Transactions and IPO | |||||||||||||
| Effect of Reorganization Transactions | 12,994 | 1 | 23,543 | 2 | — | — | — | (124,288) | (10,600) | (202,374) | — | (337,259) | 282,513 |
| Issuance of Class A common stock at the IPO, net of underwriting and offering costs | 10,000 | 1 | — | — | — | — | 104,387 | — | — | — | — | 104,388 | — |
| Purchase of shares from LCAT shareholders | — | — | — | — | — | — | (104,387) | — | — | (46,598) | — | (150,985) | — |
| Issuance of Class A common stock for underwriters' option to purchase additional shares | 904 | — | — | — | — | — | 10,116 | — | — | — | — | 10,116 | — |
| Redemption of Class B shares | — | — | (750) | — | — | — | (9,000) | — | — | — | — | (9,000) | — |
| Balance post the Reorganization Transactions and IPO | 23,898 | 2 | 22,793 | 2 | — | — | 1,116 | — | (10,600) | (369,806) | — | (379,286) | 282,513 |
| Activity after the Reorganization Transactions and IPO but prior to the amendment of the LLC agreement | |||||||||||||
| Net loss | — | — | — | — | — | — | — | — | — | (17,155) | — | (17,155) | (17,568) |
| Equity-based compensation | — | — | — | — | — | — | 2,089 | — | — | — | — | 2,089 | 5,731 |
| Fair value adjustment for redeemable noncontrolling interest | — | — | — | — | — | — | (2,065) | — | — | (172,385) | — | (174,450) | 174,450 |
| Removing the redeemable feature of the noncontrolling interest | — | — | — | — | — | — | — | — | — | — | 445,126 | 445,126 | (445,126) |
| Balance subsequent to the amendment of the LLC agreement | 23,898 | 2 | 22,793 | 2 | — | — | 1,140 | — | (10,600) | (559,346) | 445,126 | (123,676) | — |
| Activity subsequent to the amendment of the LLC agreement | |||||||||||||
| Vesting of Class B shares | — | — | 176 | — | — | — | — | — | — | — | — | — | — |
| Adjustment of preferred stock to redemption value | — | — | — | — | — | — | (1,116) | — | — | (77,378) | — | (78,494) | — |
| Equity-based compensation | — | — | — | — | — | — | 283 | — | — | — | 535 | 818 | — |
| Payment of preferred stock dividends | — | — | — | — | — | — | (307) | — | — | (5,435) | — | (5,742) | — |
| Net loss | — | — | — | — | — | — | — | — | — | (1,674) | (1,701) | (3,375) | — |
| Balance at December 31, 2021 | 23,898 | 2 | 22,969 | 2 | — | — | — | — | (10,600) | (643,833) | 443,960 | (210,469) | — |
| Equity based compensation | — | — | — | — | — | — | 12,925 | — | — | — | 12,193 | 25,118 | — |
| Net income | — | — | — | — | — | — | — | — | — | 1,930 | 945 | 2,875 | — |
| Conversion of Class B shares to Class A shares | 3,303 | — | (3,303) | — | — | — | 510,382 | — | — | — | (510,382) | — | — |
| Vesting of Class B shares | — | — | 1,981 | — | — | — | — | — | — | — | — | — | — |
| Vesting of restricted share units, net of shares withheld for taxes | 370 | 1 | — | — | — | — | (1,909) | — | — | — | — | (1,908) | — |
| Loan to shareholder and accumulated interest | — | — | — | — | — | — | — | — | (5,769) | — | — | (5,769) | — |
| Payment of preferred stock dividend | — | — | — | — | — | — | (13,000) | — | — | — | — | (13,000) | — |
| Adjustment of preferred stock to redemption value | — | — | — | — | — | — | (31,185) | — | — | — | — | (31,185) | — |
| Settlement of contingent consideration | — | — | — | — | — | — | 29,070 | — | — | — | — | 29,070 | — |
| Purchase of treasury stock | — | — | — | — | 75 | (1,697) | (1,097) | — | — | — | — | (2,794) | — |
| Balance at December 31, 2022 | 27,571 | $3 | 21,647 | $2 | 75 | $(1,697) | $505,186 | $— | $(16,369) | $(641,903) | $(53,284) | $(208,062) | $— |
Consolidated Statements of Changes to Stockholders'/Member’s Equity (Deficit)
| Class A Common Stock · Class B Common Stock · Treasury Stock | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | Shares | Amount | Additional Paid-In Capital | Receivablefrom Shareholder | Accumulated Deficit | Noncontrolling interests | TotalEquity(Deficit) | |
| Balance at December 31, 2022 | 27,571 | $3 | 21,647 | $2 | 75 | $(1,697) | $505,186 | $(16,369) | $(641,903) | $(53,284) | $(208,062) |
| Equity-based compensation | — | — | — | — | — | — | 20,006 | — | — | 19 | 20,025 |
| Net loss | — | — | — | — | — | — | — | — | (903) | (810) | (1,713) |
| Conversion of Class B shares to Class A shares | 5,094 | — | (5,094) | — | — | — | 10,571 | — | — | (10,571) | — |
| Vesting of Class B shares | — | — | 13 | — | — | — | — | — | — | — | — |
| Vesting of restricted share units, net of shares withheld for taxes | 831 | — | — | — | — | — | (8,111) | — | — | — | (8,111) |
| Loan to shareholder and accumulated interest | — | — | — | — | — | — | — | (5,670) | — | — | (5,670) |
| Deemed contribution from redemption of preferred stock | — | — | — | — | — | — | — | — | 12,679 | — | 12,679 |
| Liability-classified restricted stock units vested | — | — | — | — | — | — | 2,250 | — | — | — | 2,250 |
| Receivable from shareholder arising from the Rumble studios acquisition | — | — | — | — | — | — | — | (1,450) | — | — | (1,450) |
| Consideration related to the Rumble studios acquisition | — | — | — | — | — | — | — | 1 | — | — | 1 |
| Repurchase and retirement of Class A common stock | (2,599) | — | — | — | — | — | (50,378) | — | — | — | (50,378) |
| Proceeds from disgorgement of stockholders short-swing profits (Note 10) | — | — | — | — | — | — | 516 | — | — | — | 516 |
| Distributions paid to Pre-IPO LLC Members | — | — | — | — | — | — | — | — | — | (12,901) | (12,901) |
| Excise tax on share repurchases | — | — | — | — | — | — | (360) | — | — | — | (360) |
| Payment received from shareholder | — | — | — | — | — | — | — | 8,062 | — | — | 8,062 |
| Payment of preferred stock dividend | — | — | — | — | — | — | (7,652) | — | — | — | (7,652) |
| Adjustment of preferred stock to redemption value | — | — | — | — | — | — | 49,970 | — | — | — | 49,970 |
| Balance at December 31, 2023 | 30,897 | $3 | 16,566 | $2 | 75 | $(1,697) | $521,998 | $(15,426) | $(630,127) | $(77,547) | $(202,794) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.