Xponential Fitness Inc
For the period ended Mar 31, 2025. Filed May 9, 2025.
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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.
Mar 31, 2025 · Filed May 9, 2025
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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Item 1. Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets
| March 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash, cash equivalents and restricted cash | $42,570 | $32,739 |
| Accounts receivable, net (Note 9) | 28,864 | 25,884 |
| Inventories | 8,318 | 10,016 |
| Prepaid expenses and other current assets | 14,727 | 10,678 |
| Deferred costs, current portion | 5,258 | 4,598 |
| Notes receivable from franchisees, net | 377 | 232 |
| Total current assets | 100,114 | 84,147 |
| Property and equipment, net | 14,912 | 14,651 |
| Right-of-use assets | 21,060 | 24,036 |
| Goodwill | 135,240 | 135,240 |
| Intangible assets, net | 99,373 | 100,944 |
| Deferred costs, net of current portion | 38,656 | 39,923 |
| Notes receivable from franchisees, net of current portion | 97 | 100 |
| Other assets | 2,997 | 4,356 |
| Total assets | $412,449 | $403,397 |
| Liabilities, redeemable convertible preferred stock and stockholders' equity (deficit) | ||
| Current liabilities: | ||
| Accounts payable | $27,652 | $27,011 |
| Accrued expenses | 46,602 | 31,323 |
| Deferred revenue, current portion | 25,050 | 25,912 |
| Current portion of long-term debt | 5,497 | 5,397 |
| Other current liabilities | 18,103 | 18,244 |
| Total current liabilities | 122,904 | 107,887 |
| Deferred revenue, net of current portion | 102,318 | 105,935 |
| Contingent consideration from acquisitions (Note 15) | 8,644 | 17,729 |
| Long-term debt, net of current portion, discount and issuance costs | 351,562 | 341,742 |
| Lease liability | 22,582 | 23,858 |
| Other liabilities | 1,338 | 251 |
| Total liabilities | 609,348 | 597,402 |
| Commitments and contingencies (Note 15) | ||
| Redeemable convertible preferred stock, $0.0001 par value, 400 shares authorized, 115 shares issued and outstanding as of March 31, 2025 and December 31, 2024 | 116,810 | 116,810 |
| Stockholders' equity (deficit): | ||
| Undesignated preferred stock, $0.0001 par value, 4,600 shares authorized, none issued and outstanding as of March 31, 2025 and December 31, 2024 | — | — |
| Class A common stock, $0.0001 par value, 500,000 shares authorized, 34,778 and 33,660 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 3 | 3 |
| Class B common stock, $0.0001 par value, 500,000 shares authorized, 13,739 and 14,739 shares issued, and 13,664 and 14,664 shares outstanding as of March 31, 2025 and December 31, 2024, respectively | 1 | 1 |
| Additional paid-in capital | 497,530 | 503,850 |
| Receivable from shareholder (Note 9) | (17,275) | (16,891) |
| Accumulated deficit | (703,760) | (701,837) |
| Treasury stock, at cost, 75 shares outstanding as of March 31, 2025 and December 31, 2024 | (1,697) | (1,697) |
| Total stockholders' deficit attributable to Xponential Fitness, Inc. | (225,198) | (216,571) |
| Noncontrolling interests | (88,511) | (94,244) |
| Total stockholders' deficit | (313,709) | (310,815) |
| Total liabilities, redeemable convertible preferred stock and stockholders' deficit | $412,449 | $403,397 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.