Xponential Fitness Inc
For the period ended Dec 31, 2023. Filed Mar 4, 2024.
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FY2023 · Filed Mar 4, 2024
XPOF$4.74+1.9%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenue, net: | |||
| Franchise revenue | $143,615 | $115,286 | $74,459 |
| Equipment revenue | 56,454 | 43,461 | 22,583 |
| Merchandise revenue | 34,146 | 27,073 | 20,140 |
| Franchise marketing fund revenue | 27,292 | 20,384 | 13,623 |
| Other service revenue | 57,153 | 38,750 | 24,274 |
| Total revenue, net | 318,660 | 244,954 | 155,079 |
| Operating costs and expenses: | |||
| Costs of product revenue | 57,979 | 47,220 | 28,550 |
| Costs of franchise and service revenue | 15,911 | 18,447 | 12,716 |
| Selling, general and administrative expenses (Note 10) | 166,828 | 125,452 | 94,017 |
| Impairment of goodwill and other assets | 16,667 | 3,656 | 781 |
| Depreciation and amortization | 16,883 | 15,315 | 10,172 |
| Marketing fund expense | 22,683 | 17,290 | 13,044 |
| Acquisition and transaction expenses (income) | (17,964) | 2,438 | 26,618 |
| Total operating costs and expenses | 278,987 | 229,818 | 185,898 |
| Operating income (loss) | 39,673 | 15,136 | (30,819) |
| Other (income) expense: | |||
| Interest income | (1,611) | (1,805) | (1,164) |
| Interest expense | 38,733 | 13,017 | 24,709 |
| Other expense | 3,193 | 523 | — |
| Gain on debt extinguishment | — | — | (3,707) |
| Total other expense | 40,315 | 11,735 | 19,838 |
| Income (loss) before income taxes | (642) | 3,401 | (50,657) |
| Income taxes | 1,071 | 526 | 783 |
| Net income (loss) | (1,713) | 2,875 | (51,440) |
| Less: Net income (loss) attributable to noncontrolling interests | (810) | 945 | (32,611) |
| Net income (loss) attributable to Xponential Fitness, Inc. | $(903) | $1,930 | $(18,829) |
| Net income (loss) per share of Class A common stock: | |||
| Basic | $1.18 | $(0.87) | $(2.85) |
| Diluted | $(0.44) | $(0.87) | $(2.85) |
| Weighted average shares of Class A common stock outstanding: | |||
| Basic | 31,742 | 25,295 | 22,403 |
| Diluted | 39,705 | 25,295 | 22,403 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.