Xponential Fitness, Inc.
For the period ended Sep 30, 2025. Filed Nov 10, 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.
Sep 30, 2025 · Filed Nov 10, 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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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net loss | $(8,059) | $(36,242) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 9,608 | 13,179 |
| Amortization and write off of debt issuance costs | 123 | 179 |
| Amortization and write off of discount on long-term debt | 5,995 | 3,129 |
| Change in contingent consideration from acquisitions | (7,482) | 6,435 |
| Non-cash lease expense | 3,173 | 5,690 |
| Change in tax receivable agreement liability | 1,331 | 913 |
| Bad debt expense | 2,786 | 2,270 |
| Equity-based compensation | 8,341 | 13,121 |
| Non-cash interest | (1,552) | (986) |
| Gain on disposal of assets and lease terminations | (5,021) | (8,393) |
| Gain on divestitures | (4,866) | — |
| Impairment of goodwill and other noncurrent assets | 32,411 | 16,594 |
| Changes in assets and liabilities, net of effect of acquisition: | ||
| Accounts receivable | 4,517 | 594 |
| Inventories | 4,355 | 7,192 |
| Prepaid expenses and other current assets | (12,344) | (3,013) |
| Operating lease liabilities | (2,772) | (2,317) |
| Deferred costs | 6,146 | 2,795 |
| Notes receivable, net | 3 | 3 |
| Accounts payable | (11,390) | 2,452 |
| Accrued expenses | 1,994 | 3,990 |
| Other current liabilities | (3,837) | 1,631 |
| Deferred revenue | (17,537) | (14,322) |
| Other assets | 1,547 | 348 |
| Other liabilities | 10,170 | (4,341) |
| Net cash provided by operating activities | 17,640 | 10,901 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (3,070) | (4,815) |
| Proceeds from sale of assets | — | 346 |
| Purchase of intangible assets | (1,224) | (1,435) |
| Notes receivable issued | (173) | — |
| Notes receivable payments received | 169 | 470 |
| Proceeds from disposition of brands | 2,000 | — |
| Acquisition of business | — | (8,500) |
| Net cash used in investing activities | (2,298) | (13,934) |
| Cash flows from financing activities: | ||
| Borrowings from long-term debt | 10,000 | 62,951 |
| Payments on long-term debt | (4,123) | (42,527) |
| Debt issuance costs | (90) | (318) |
| Payment of preferred stock dividend | (5,694) | (3,768) |
| Payment of promissory note liability | (3,392) | (3,467) |
| Payments of contingent consideration | (500) | — |
| Payments for taxes related to net share settlement of restricted share units | (2,296) | — |
| Proceeds from issuance of common stock in connection with stock-based compensation plans | 122 | 74 |
| Payments for tax receivable agreement | — | (2,267) |
| Payments for distributions to Pre-IPO LLC Members | (483) | (6,979) |
| Payment received from shareholder (Note 10) | — | 14 |
| Reimbursement from shareholder (Note 10) | (162) | — |
| Net cash provided by (used in) financing activities | (6,618) | 3,713 |
| Increase in cash, cash equivalents and restricted cash | 8,724 | 680 |
| Cash, cash equivalents and restricted cash, beginning of period | 32,739 | 37,094 |
| Cash, cash equivalents and restricted cash, end of period | $41,463 | $37,774 |
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Supplemental cash flow information: | ||
| Interest paid | $30,966 | $30,846 |
| Income taxes paid, net | 252 | 585 |
| Non-cash investing and financing activities: | ||
| Capital expenditures accrued at period end | $767 | $1,143 |
| Accrued tax withholding related to convertible preferred stock dividend | — | 106 |
| 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 | — |
| Contingent consideration receivable | 3,764 | — |
| Notes receivable | 5,000 | — |
| Non-cash proceeds from sale of asset | — | 275 |
| Preferred stock dividend paid-in-kind | — | 2,150 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.