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$4.74+1.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue, net: | ||||
| Franchise revenue | $51,882 | $44,458 | $141,129 | $129,232 |
| Equipment revenue | 7,459 | 14,681 | 28,072 | 41,506 |
| Merchandise revenue | 4,802 | 6,577 | 16,670 | 21,056 |
| Franchise marketing fund revenue | 8,827 | 8,565 | 27,557 | 24,777 |
| Other service revenue | 5,854 | 6,249 | 18,487 | 20,555 |
| Total revenue, net | 78,824 | 80,530 | 231,915 | 237,126 |
| Operating costs and expenses: | ||||
| Costs of product revenue | 10,246 | 17,287 | 32,723 | 45,786 |
| Costs of franchise and service revenue | 7,047 | 4,867 | 15,099 | 15,748 |
| Selling, general and administrative expenses (Note 10) | 24,664 | 46,163 | 94,293 | 119,772 |
| Impairment of goodwill and other noncurrent assets | 17,568 | 4,505 | 32,411 | 16,594 |
| Depreciation and amortization | 3,679 | 4,226 | 9,608 | 13,179 |
| Marketing fund expense | 8,983 | 6,423 | 27,195 | 20,785 |
| Acquisition and transaction expenses (income) | 3,071 | 3,664 | (7,482) | 6,962 |
| Total operating costs and expenses | 75,258 | 87,135 | 203,847 | 238,826 |
| Operating income (loss) | 3,566 | (6,605) | 28,068 | (1,700) |
| Other expense (income): | ||||
| Interest income | (1,094) | (481) | (2,414) | (1,231) |
| Other income | (1,133) | — | (1,133) | — |
| Interest expense | 12,917 | 11,843 | 37,280 | 34,644 |
| Other expense | (644) | 51 | 1,331 | 913 |
| Total other expense | 10,046 | 11,413 | 35,064 | 34,326 |
| Loss before income taxes | (6,480) | (18,018) | (6,996) | (36,026) |
| Income taxes | 266 | 131 | 1,063 | 216 |
| Net loss | (6,746) | (18,149) | (8,059) | (36,242) |
| Less: net loss attributable to noncontrolling interests | (1,887) | (6,029) | (2,246) | (12,079) |
| Net loss attributable to Xponential Fitness, Inc. | $(4,859) | $(12,120) | $(5,813) | $(24,163) |
| Net loss per share of Class A common stock: | ||||
| Basic | $(0.18) | $(0.29) | $(0.28) | $(0.88) |
| Diluted | $(0.18) | $(0.29) | $(0.28) | $(0.88) |
| Weighted average shares of Class A common stock outstanding: | ||||
| Basic | 35,110 | 32,177 | 34,669 | 31,704 |
| Diluted | 35,110 | 32,177 | 34,669 | 31,704 |
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