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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Item 1. Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets
| September 30, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash, cash equivalents and restricted cash | $41,463 | $32,739 |
| Accounts receivable, net | 18,638 | 25,884 |
| Inventories | 5,661 | 10,016 |
| Prepaid expenses and other current assets | 23,471 | 10,678 |
| Deferred costs, current portion | 4,574 | 4,598 |
| Notes receivable, net | 5,410 | 232 |
| Total current assets | 99,217 | 84,147 |
| Property and equipment, net | 12,134 | 14,651 |
| Right-of-use assets | 13,646 | 24,036 |
| Goodwill | 127,789 | 135,240 |
| Intangible assets, net | 67,290 | 100,944 |
| Deferred costs, net of current portion | 29,088 | 39,923 |
| Notes receivable from franchisees, net of current portion | 22 | 100 |
| Other assets | 6,118 | 4,356 |
| Total assets | $355,304 | $403,397 |
| Liabilities, redeemable convertible preferred stock and stockholders' equity (deficit) | ||
| Current liabilities: | ||
| Accounts payable | $15,588 | $27,011 |
| Accrued expenses | 33,326 | 31,323 |
| Deferred revenue, current portion | 23,786 | 25,912 |
| Current portion of long-term debt | 10,097 | 5,397 |
| Other current liabilities | 10,432 | 18,244 |
| Total current liabilities | 93,229 | 107,887 |
| Deferred revenue, net of current portion | 79,263 | 105,935 |
| Contingent consideration from acquisitions (Note 16) | 9,802 | 17,729 |
| Long-term debt, net of current portion, discount and issuance costs | 348,947 | 341,742 |
| Lease liabilities, net of current portion | 16,018 | 23,858 |
| Other liabilities | 11,741 | 251 |
| Total liabilities | 559,000 | 597,402 |
| Commitments and contingencies (Note 16) | ||
| Redeemable convertible preferred stock, $0.0001 par value, 400 shares authorized, 115 shares issued and outstanding as of September 30, 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 September 30, 2025 and December 31, 2024 | — | — |
| Class A common stock, $0.0001 par value, 500,000 shares authorized, 35,126 and 33,660 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | 3 | 3 |
| Class B common stock, $0.0001 par value, 500,000 shares authorized, 13,738 and 14,739 shares issued, and 13,663 and 14,664 shares outstanding as of September 30, 2025 and December 31, 2024, respectively | 1 | 1 |
| Additional paid-in capital | 497,483 | 503,850 |
| Receivable from shareholder (Note 10) | (18,513) | (16,891) |
| Accumulated deficit | (707,650) | (701,837) |
| Treasury stock, at cost, 75 shares outstanding as of September 30, 2025 and December 31, 2024 | (1,697) | (1,697) |
| Total stockholders' deficit attributable to Xponential Fitness, Inc. | (230,373) | (216,571) |
| Noncontrolling interests | (90,133) | (94,244) |
| Total stockholders' deficit | (320,506) | (310,815) |
| Total liabilities, redeemable convertible preferred stock and stockholders' deficit | $355,304 | $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.