Xponential Fitness, Inc.

For the period ended Dec 31, 2024. Filed Mar 14, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

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.

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Contents

Consolidated Statements of Operations

	Years Ended December 31,
	2024	2023	2022
(As Corrected) · (As Corrected)
Revenue, net:
Franchise revenue	$174,524	$143,247	$115,026
Equipment revenue	54,199	56,454	43,461
Merchandise revenue	27,174	33,275	25,978
Franchise marketing fund revenue	33,986	27,292	20,384
Other service revenue	30,463	57,669	38,350
Total revenue, net	320,346	317,937	243,199
Operating costs and expenses:
Costs of product revenue	59,477	60,331	46,451
Costs of franchise and service revenue	21,806	15,985	18,447
Selling, general and administrative expenses (Note 11)	176,854	168,863	126,278
Impairment of goodwill and other assets	62,551	16,750	3,656
Depreciation and amortization	17,713	16,883	15,315
Marketing fund expense	26,673	22,683	17,290
Acquisition and transaction expenses (income)	8,886	(18,464)	2,438
Total operating costs and expenses	373,960	283,031	229,875
Operating income (loss)	(53,614)	34,906	13,324
Other expense (income):
Interest income	(1,824)	(1,611)	(1,805)
Interest expense	46,250	38,733	13,017
Other expense	998	3,193	523
Total other expense	45,424	40,315	11,735
Income (loss) before income taxes	(99,038)	(5,409)	1,589
Income taxes (benefit)	(342)	1,034	488
Net income (loss)	(98,696)	(6,443)	1,101
Less: net loss attributable to noncontrolling interests	(31,038)	(2,442)	(114)
Net income (loss) attributable to Xponential Fitness, Inc.	$(67,658)	$(4,001)	$1,215
Net income (loss) per share of Class A common stock:
Basic	$(2.27)	$1.08	$(0.88)
Diluted	$(2.27)	$(0.52)	$(0.88)
Weighted average shares of Class A common stock outstanding:
Basic	31,999	31,742	25,295
Diluted	31,999	39,705	25,295

Class A Common Stock · Class B Common Stock · Treasury Stock
	Shares	Amount	Shares	Amount	Shares	Amount	Additional Paid-In Capital	Receivablefrom Member/Shareholder	Accumulated Deficit	Noncontrolling interests	TotalEquity(Deficit)
Balance at December 31, 2021 (As Corrected)	23,898	$2	22,969	$2	—	$—	$—	$(10,600)	$(644,072)	$443,713	$(210,955)
Equity based compensation	—	—	—	—	—	—	12,925	—	—	12,193	25,118
Net income (loss) (As Corrected)	—	—	—	—	—	—	—	—	1,215	(114)	1,101
Conversion of Class B shares to Class A shares (As Corrected)	3,303	—	(3,303)	—	—	—	510,069	—	—	(510,069)	—
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)
Receivable from holders of the preferred stock (As Corrected)	—	—	—	—	—	—	—	(1,162)	—	—	(1,162)
Distributions paid to Pre-IPO LLC Members (As Corrected)	—	—	—	—	—	—	—	—	—	(394)	(394)
Balance at December 31, 2022 (As Corrected)	27,571	$3	21,647	$2	75	$(1,697)	$504,873	$(17,531)	$(642,857)	$(54,671)	$(211,878)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.