Xponential Fitness, Inc.
For the period ended Dec 31, 2025. Filed Mar 4, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 4, 2026
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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Consolidated Balance Sheets
| December 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash, cash equivalents and restricted cash | $45,863 | $32,739 |
| Accounts receivable, net | 18,449 | 25,884 |
| Inventories | 2,222 | 10,016 |
| Prepaid expenses and other current assets | 24,151 | 10,678 |
| Deferred costs, current portion | 3,671 | 4,598 |
| Notes receivable, net | 290 | 232 |
| Total current assets | 94,646 | 84,147 |
| Property and equipment, net | 10,891 | 14,651 |
| Right-of-use assets | 13,736 | 24,036 |
| Goodwill | 127,789 | 135,240 |
| Intangible assets, net | 66,507 | 100,944 |
| Deferred costs, net of current portion | 24,860 | 39,923 |
| Notes receivable from franchisees, net of current portion | — | 100 |
| Other assets | 7,205 | 4,356 |
| Total assets | $345,634 | $403,397 |
| Liabilities, redeemable convertible preferred stock and stockholders' equity (deficit) | ||
| Current liabilities: | ||
| Accounts payable | $26,282 | $27,011 |
| Accrued expenses | 51,202 | 31,323 |
| Deferred revenue, current portion | 19,324 | 25,912 |
| Current portion of long-term debt | 5,250 | 5,397 |
| Other current liabilities | 13,917 | 18,244 |
| Total current liabilities | 115,975 | 107,887 |
| Deferred revenue, net of current portion | 69,567 | 105,935 |
| Contingent consideration from acquisitions (Note 16) | 10,309 | 17,729 |
| Long-term debt, net of current portion, discount and issuance costs | 500,500 | 341,742 |
| Lease liabilities, net of current portion | 14,243 | 23,858 |
| Other liabilities | 6,993 | 251 |
| Total liabilities | 717,587 | 597,402 |
| Commitments and contingencies (Note 16) | ||
| Redeemable convertible preferred stock, $0.0001 par value, 400 shares authorized, none and 115 shares issued and outstanding as of December 31, 2025 and December 31, 2024 | — | 116,810 |
| Stockholders' equity (deficit): | ||
| Undesignated preferred stock, $0.0001 par value, 4,600 shares authorized, none issued and outstanding as of December 31, 2025 and December 31, 2024 | — | — |
| Class A common stock, $0.0001 par value, 500,000 shares authorized, 35,256 and 33,660 shares issued and outstanding as of December 31, 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 December 31, 2025 and December 31, 2024, respectively | 1 | 1 |
| Additional paid-in capital | 489,732 | 503,850 |
| Receivable from shareholder (Note 9) | (16,603) | (16,891) |
| Accumulated deficit | (740,520) | (701,837) |
| Treasury stock, at cost, 75 shares outstanding as of December 31, 2025 and December 31, 2024 | (1,697) | (1,697) |
| Total stockholders' deficit attributable to Xponential Fitness, Inc. | (269,084) | (216,571) |
| Noncontrolling interests | (102,869) | (94,244) |
| Total stockholders' deficit | (371,953) | (310,815) |
| Total liabilities, redeemable convertible preferred stock and stockholders' deficit | $345,634 | $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.