Xponential Fitness Inc

For the period ended Mar 31, 2025. Filed May 9, 2025.

About this filing

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.

Mar 31, 2025 · Filed May 9, 2025

XPOF$4.59-3.2%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Cash Flows

	Three Months Ended March 31,
	2025	2024
Cash flows from operating activities:
Net loss	$(2,659)	$(3,750)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	2,956	4,436
Amortization and write off of debt issuance costs	50	72
Amortization and write off of discount on long-term debt	1,333	1,325
Change in contingent consideration from acquisitions	(8,638)	4,087
Non-cash lease expense	1,137	2,224
Change in tax receivable agreement liability	1,084	609
Bad debt expense (recovery)	249	(8)
Equity-based compensation	3,281	3,942
Non-cash interest	(358)	(318)
Gain on disposal of assets	—	(2,920)
Impairment of goodwill and other noncurrent assets	1,915	—
Changes in assets and liabilities, net of effect of acquisition:
Accounts receivable	(3,229)	467
Inventories	1,696	1,218
Prepaid expenses and other current assets	(4,049)	(333)
Operating lease liabilities	(1,034)	(1,741)
Deferred costs	607	555
Notes receivable, net	—	1
Accounts payable	(245)	5,532
Accrued expenses	15,299	(5,062)
Other current liabilities	(459)	(1,796)
Deferred revenue	(4,480)	(6,003)
Other assets	1,359	92
Other liabilities	3	52
Net cash provided by operating activities	5,818	2,681
Cash flows from investing activities:
Purchases of property and equipment	(465)	(855)
Proceeds from sale of assets	—	346
Purchase of intangible assets	(399)	(509)
Notes receivable issued	(173)	—
Notes receivable payments received	40	314
Acquisition of businesses	—	(8,500)
Net cash used in investing activities	(997)	(9,204)
Cash flows from financing activities:
Borrowings from long-term debt	10,000	38,701
Payments on long-term debt	(1,374)	(39,891)
Debt issuance costs	(90)	(269)
Payment of preferred stock dividend and deemed cash dividend	(1,792)	(1,872)
Payments of contingent consideration	(500)	—
Payments for taxes related to net share settlement of restricted share units	(919)	—
Payments for distributions to Pre-IPO LLC Members	(315)	(36)
Payment received from shareholder (Note 9)	—	14
Net cash provided by (used in) financing activities	5,010	(3,353)
Increase (decrease) in cash, cash equivalents and restricted cash	9,831	(9,876)
Cash, cash equivalents and restricted cash, beginning of period	32,739	37,094
Cash, cash equivalents and restricted cash, end of period	$42,570	$27,218

Condensed Consolidated Statements of Cash Flows

	Three Months Ended March 31,
	2025	2024
Supplemental cash flow information:
Interest paid	$9,910	$9,857
Income taxes paid, net	93	60
Non-cash investing and financing activities:
Capital expenditures accrued at period end	$1,581	$2,116
Adjustment of convertible preferred stock to redemption value	—	8,106
Accrued tax withholding related to convertible preferred stock dividend	106	104
Contingent consideration upon acquisition	—	446
Debt issuance costs paid-in-kind - long-term debt	10,872	4,059
Debt issuance costs exit fees - long-term debt	7,248	—

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.