Xponential Fitness Inc
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
XPOF$4.59-3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $(35,988) | $7,362 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 13,179 | 12,701 |
| Amortization and write off of debt issuance costs | 179 | 416 |
| Amortization and write off of discount on long-term debt | 3,129 | 2,032 |
| Change in contingent consideration from acquisitions | 6,435 | (17,528) |
| Non-cash lease expense | 5,415 | 9,637 |
| Bad debt expense | 2,270 | 850 |
| Equity-based compensation | 13,121 | 15,647 |
| Non-cash interest | (986) | (857) |
| Loss (gain) on disposal of assets | (8,307) | (770) |
| Impairment of goodwill and other assets | 16,591 | 11,909 |
| Changes in assets and liabilities, net of effect of acquisition: | ||
| Accounts receivable | 1,152 | (2,535) |
| Inventories | 4,116 | (5,376) |
| Prepaid expenses and other current assets | (2,485) | (7,237) |
| Operating lease liabilities | (2,002) | (4,027) |
| Deferred costs | 2,522 | (4,743) |
| Notes receivable, net | 3 | 1 |
| Accounts payable | 1,952 | 7,302 |
| Accrued expenses | 6,688 | 1,656 |
| Other current liabilities | 5,816 | 4,953 |
| Deferred revenue | (14,620) | 7,536 |
| Other assets | 348 | (458) |
| Other liabilities | (7,613) | (277) |
| Net cash provided by operating activities | 10,915 | 38,194 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (4,815) | (6,156) |
| Proceeds from sale of assets | 346 | 60 |
| Purchase of studios | — | (164) |
| Purchase of intangible assets | (1,435) | (2,420) |
| Notes receivable issued | — | (581) |
| Notes receivable payments received | 470 | 666 |
| Acquisition of business | (8,500) | — |
| Net cash used in investing activities | (13,934) | (8,595) |
| Cash flows from financing activities: | ||
| Borrowings from long-term debt | 62,951 | 189,150 |
| Payments on long-term debt | (42,527) | (3,014) |
| Debt issuance costs | (318) | (411) |
| Payments of preferred stock dividend | (3,768) | (5,677) |
| Payment of promissory note liability | (3,467) | — |
| Payments of contingent consideration | — | (1,412) |
| Payments for taxes related to net share settlement of restricted share units | — | (8,111) |
| Proceeds from issuance of common stock in connection with stock-based compensation plans | 74 | — |
| Payments for tax receivable agreement | (2,267) | (1,163) |
| Payments for redemption of preferred stock | — | (130,766) |
| Payments for distributions to Pre-IPO LLC Members | (6,979) | (7,485) |
| Repurchase of Class A common stock | — | (50,378) |
| Payment received from shareholder (Note 10) | — | 8,062 |
| Loan to shareholder (Note 10) | — | (4,400) |
| Proceeds from disgorgement of stockholders short-swing profits (Note 10) | — | 516 |
| Net cash provided by (used in) financing activities | 3,699 | (15,089) |
| Increase in cash, cash equivalents and restricted cash | 680 | 14,510 |
| Cash, cash equivalents and restricted cash, beginning of period | 37,094 | 37,370 |
| Cash, cash equivalents and restricted cash, end of period | $37,774 | $51,880 |
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Supplemental cash flow information: | ||
| Interest paid | $30,846 | $24,631 |
| Income taxes paid, net | 585 | 1,673 |
| Non-cash investing and financing activities: | ||
| Capital expenditures accrued at period end | $1,143 | $567 |
| Adjustment of convertible preferred stock to redemption value | — | (34,326) |
| Liability-classified restricted stock units vested | — | 2,250 |
| Deemed contribution from redemption of convertible preferred stock | — | 12,679 |
| Accrued tax withholding related to convertible preferred stock dividend | 106 | 114 |
| Contingent consideration upon acquisition | 446 | — |
| Debt issuance costs paid-in-kind - long-term debt | 4,059 | — |
| Non-cash proceeds from sale of asset | 275 | — |
| Preferred stock dividend paid-in-kind | 2,150 | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.