Xponential Fitness, Inc.
For the period ended Jun 30, 2025. Filed Aug 8, 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.
Jun 30, 2025 · Filed Aug 8, 2025
XPOF$4.59-3.2%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| Six Months Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net loss | $(1,313) | $(18,093) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 5,929 | 8,953 |
| Amortization and write off of debt issuance costs | 87 | 124 |
| Amortization and write off of discount on long-term debt | 3,664 | 2,201 |
| Change in contingent consideration from acquisitions | (10,553) | 2,770 |
| Non-cash lease expense | 2,207 | 4,109 |
| Change in tax receivable agreement liability | 1,975 | 862 |
| Bad debt expense | 1,163 | 1,467 |
| Equity-based compensation | 5,947 | 8,138 |
| Non-cash interest | (747) | (649) |
| Gain on disposal of assets | (931) | (6,645) |
| Impairment of goodwill and other noncurrent assets | 14,843 | 12,089 |
| Changes in assets and liabilities, net of effect of acquisition: | ||
| Accounts receivable | (11,949) | 1,159 |
| Inventories | 2,624 | 4,309 |
| Prepaid expenses and other current assets | (4,146) | (2,915) |
| Operating lease liabilities | (1,934) | (2,965) |
| Deferred costs | 2,065 | 2,324 |
| Notes receivable, net | 1 | 2 |
| Accounts payable | (4,662) | 3,919 |
| Accrued expenses | 12,127 | (2,708) |
| Other current liabilities | (2,417) | (988) |
| Deferred revenue | (7,335) | (11,067) |
| Other assets | 1,296 | 282 |
| Other liabilities | 400 | (996) |
| Net cash provided by operating activities | 8,341 | 5,682 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (1,992) | (2,984) |
| Proceeds from sale of assets | — | 346 |
| Purchase of intangible assets | (803) | (1,016) |
| Notes receivable issued | (173) | — |
| Notes receivable payments received | 108 | 393 |
| Acquisition of businesses | — | (8,500) |
| Net cash used in investing activities | (2,860) | (11,761) |
| Cash flows from financing activities: | ||
| Borrowings from long-term debt | 10,000 | 38,701 |
| Payments on long-term debt | (2,748) | (41,178) |
| Debt issuance costs | (90) | (269) |
| Payment of preferred stock dividend and deemed cash dividend | (3,796) | (1,968) |
| Payments of contingent consideration | (500) | — |
| Payments for taxes related to net share settlement of restricted share units | (2,097) | — |
| Proceeds from issuance of common stock in connection with stock-based compensation plans | 122 | 74 |
| Payments for tax receivable agreement | — | (136) |
| Payments for distributions to Pre-IPO LLC Members | (432) | (236) |
| Payment received from shareholder (Note 10) | — | 14 |
| Net cash provided by (used in) financing activities | 459 | (4,998) |
| Increase (decrease) in cash, cash equivalents and restricted cash | 5,940 | (11,077) |
| Cash, cash equivalents and restricted cash, beginning of period | 32,739 | 37,094 |
| Cash, cash equivalents and restricted cash, end of period | $38,679 | $26,017 |
Condensed Consolidated Statements of Cash Flows
| Six Months Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Supplemental cash flow information: | ||
| Interest paid | $20,444 | $20,100 |
| Income taxes paid, net | 233 | 407 |
| Non-cash investing and financing activities: | ||
| Capital expenditures accrued at period end | $1,516 | $1,179 |
| Adjustment of convertible preferred stock to redemption value | — | 6,094 |
| 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 | — |
| Non-cash proceeds from sale of asset | — | 275 |
| Preferred stock dividend paid-in-kind | — | 2,150 |
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