Xponential Fitness, Inc.
For the period ended Dec 31, 2024. Filed Mar 14, 2025.
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FY2024 · Filed Mar 14, 2025
XPOF$4.74+1.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| (As Corrected) | ||
| Assets | ||
| Current assets: | ||
| Cash, cash equivalents and restricted cash | $32,739 | $37,094 |
| Accounts receivable, net (Note 11) | 31,693 | 31,609 |
| Inventories | 10,016 | 15,588 |
| Prepaid expenses and other current assets | 4,869 | 5,593 |
| Deferred costs, current portion | 4,598 | 6,893 |
| Notes receivable from franchisees, net | 232 | 203 |
| Total current assets | 84,147 | 96,980 |
| Property and equipment, net | 14,651 | 19,502 |
| Right-of-use assets | 24,036 | 73,501 |
| Goodwill | 135,240 | 170,701 |
| Intangible assets, net | 100,944 | 120,065 |
| Deferred costs, net of current portion | 39,923 | 46,541 |
| Notes receivable from franchisees, net of current portion | 100 | 802 |
| Other assets | 4,356 | 1,442 |
| Total assets | $403,397 | $529,534 |
| Liabilities, redeemable convertible preferred stock and stockholders' equity (deficit) | ||
| Current liabilities: | ||
| Accounts payable | $27,011 | $18,620 |
| Accrued expenses | 31,323 | 19,875 |
| Deferred revenue, current portion | 25,912 | 34,807 |
| Current portion of long-term debt | 5,397 | 4,760 |
| Other current liabilities | 18,244 | 24,172 |
| Total current liabilities | 107,887 | 102,234 |
| Deferred revenue, net of current portion | 105,935 | 117,305 |
| Contingent consideration from acquisitions (Note 18) | 17,729 | 8,666 |
| Long-term debt, net of current portion, discount and issuance costs | 341,742 | 319,261 |
| Lease liability | 23,858 | 71,975 |
| Other liabilities | 251 | 4,965 |
| Total liabilities | 597,402 | 624,406 |
| Commitments and contingencies (Note 18) | ||
| Redeemable convertible preferred stock, $0.0001 par value, 400 shares authorized, 115 shares issued and outstanding as of December 31, 2024 and December 31, 2023 | 116,810 | 114,660 |
| Stockholders' equity (deficit): | ||
| Undesignated preferred stock, $0.0001 par value, 4,600 shares authorized, none issued and outstanding as of December 31, 2024 and December 31, 2023 | — | — |
| Class A common stock, $0.0001 par value, 500,000 shares authorized, 33,660 and 30,897 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively | 3 | 3 |
| Class B common stock, $0.0001 par value, 500,000 shares authorized, 14,739 and 16,566 shares issued, and 14,664 and 16,491 shares outstanding as of December 31, 2024 and December 31, 2023, respectively | 1 | 2 |
| Additional paid-in capital | 503,850 | 521,307 |
| Receivable from shareholder (Note 11) | (16,891) | (15,440) |
| Accumulated deficit | (701,837) | (634,179) |
| Treasury stock, at cost, 75 shares outstanding as of December 31, 2024 and December 31, 2023 | (1,697) | (1,697) |
| Total stockholders' deficit attributable to Xponential Fitness, Inc. | (216,571) | (130,004) |
| Noncontrolling interests | (94,244) | (79,528) |
| Total stockholders' deficit | (310,815) | (209,532) |
| Total liabilities, redeemable convertible preferred stock and stockholders' deficit | $403,397 | $529,534 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.