NYSE : XPOF
Xponential Fitness, Inc. — Financial statements
Consumer Discretionary · Leisure · United States
Last price 4.46 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 219.67M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Xponential Fitness, Inc. (XPOF) reported revenue of 288.47M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 288.47M | 314.88M | 320.35M | 317.94M | 243.20M | 155.08M |
| Cost of Revenue | 96.28M | 105.23M | 107.84M | 98.61M | 82.19M | 54.31M |
| Gross Profit | 192.19M | 209.65M | 212.50M | 219.32M | 161.01M | 100.77M |
| Selling, General & Admin | 109.60M | 118.07M | 121.81M | 148.53M | 115.98M | 87.97M |
| Operating Expenses | 119.72M | 130.10M | 139.52M | 165.42M | 131.29M | 98.15M |
| Operating Income | 72.48M | 79.55M | 72.98M | 53.91M | 29.72M | 2.62M |
| Interest Expense | -54.27M | -49.19M | -46.25M | -38.73M | -13.02M | -24.71M |
| Interest & Investment Income | 3.20M | 3.21M | 1.82M | 1.61M | 1.80M | 1.16M |
| Other Non Operating Income (Expenses) | 3.08M | 1.11M | -998.00K | -3.19M | -523.00K | |
| EBT Excluding Unusual Items | 24.49M | 34.68M | 27.56M | 13.59M | 17.98M | -20.92M |
| Merger & Restructuring Charges | -9.83M | -3.69M | -38.48M | 4.50M | -2.44M | -26.62M |
| Impairment of Goodwill | -7.45M | -37.81M | -6.74M | -3.38M | ||
| Asset Writedown | -13.54M | -18.45M | -17.73M | -9.92M | -280.00K | -781.00K |
| Legal Settlements | -58.46M | -64.90M | -32.58M | -6.84M | -10.30M | -8.31M |
| Other Unusual Items | -27.33M | -27.33M | 5.98M | |||
| Pretax Income | -57.41M | -52.35M | -99.04M | -5.41M | 1.59M | -50.66M |
| Income Tax Expense | 596.00K | 1.32M | -342.00K | 1.03M | 488.00K | 783.00K |
| Earnings From Continuing Operations | -58.01M | -53.67M | -98.70M | -6.44M | 1.10M | -51.44M |
| Minority Interest in Earnings | 15.42M | 14.99M | 31.04M | 2.44M | 114.00K | 32.61M |
| Net Income | -42.59M | -38.68M | -67.66M | -4.00M | 1.22M | -18.83M |
| Preferred Dividends & Other Adjustments | 9.76M | 12.46M | 5.10M | -38.42M | 23.56M | 44.93M |
| Net Income to Common | -52.35M | -51.14M | -72.76M | 34.42M | -22.34M | -63.76M |
| Shares Outstanding (Basic) | 37.43M | 34.80M | 32.00M | 31.74M | 25.30M | 22.40M |
| Shares Outstanding (Diluted) | 37.43M | 34.80M | 32.00M | 39.70M | 25.30M | 22.40M |
| EPS (Basic) | -1.40 | -1.47 | -2.27 | 1.08 | -0.88 | -2.85 |
| EPS (Diluted) | -1.40 | -1.47 | -2.27 | -0.52 | -0.88 | -2.85 |
| Free Cash Flow | -8.07M | 24.74M | 6.96M | 25.12M | 43.11M | 10.36M |
| Free Cash Flow Per Share | -0.22 | 0.71 | 0.22 | 0.63 | 1.70 | 0.46 |
| Gross Margin | 66.63% | 66.58% | 66.33% | 68.98% | 66.20% | 64.98% |
| Operating Margin | 25.12% | 25.26% | 22.78% | 16.96% | 12.22% | 1.69% |
| Profit Margin | -18.15% | -16.24% | -22.71% | 10.83% | -9.19% | -41.11% |
| Free Cash Flow Margin | -2.80% | 7.86% | 2.17% | 7.90% | 17.73% | 6.68% |
| EBITDA | 82.59M | 91.57M | 90.69M | 70.79M | 45.03M | 12.79M |
| EBITDA Margin | 28.63% | 29.08% | 28.31% | 22.26% | 18.52% | 8.25% |
| D&A For EBITDA | 10.12M | 12.03M | 17.71M | 16.88M | 15.31M | 10.17M |
| EBIT | 72.48M | 79.55M | 72.98M | 53.91M | 29.72M | 2.62M |
| EBIT Margin | 25.12% | 25.26% | 22.78% | 16.96% | 12.22% | 1.69% |
| Effective Tax Rate | 30.71% | |||||
| Revenue as Reported | 288.47M | 314.88M | 320.35M | 317.94M | 243.20M | 155.08M |
| Advertising Expenses | 3.55M | 5.32M | 9.25M | 7.68M | 6.89M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 18.23M | 33.67M | 16.68M | 27.76M | 31.99M | 19.89M |
| Cash & Short-Term Investments | 18.23M | 33.67M | 16.68M | 27.76M | 31.99M | 19.89M |
| Accounts Receivable | 17.43M | 18.45M | 25.88M | 31.61M | 25.55M | 11.70M |
| Other Receivables | 12.04M | 16.47M | 8.47M | 2.54M | ||
| Receivables | 29.52M | 35.21M | 34.58M | 34.35M | 27.07M | 13.99M |
| Inventory | 2.95M | 2.22M | 10.02M | 15.59M | 10.86M | 6.93M |
| Prepaid Expenses | 8.13M | 6.99M | 2.21M | 3.05M | 6.29M | 5.27M |
| Restricted Cash | 6.75M | 12.19M | 16.06M | 9.33M | 5.38M | 1.43M |
| Other Current Assets | 3.79M | 4.37M | 4.60M | 6.89M | 4.13M | 3.71M |
| Total Current Assets | 69.38M | 94.65M | 84.15M | 96.98M | 85.73M | 51.23M |
| Property, Plant & Equipment | 21.06M | 24.63M | 38.69M | 93.00M | 48.60M | 12.77M |
| Goodwill | 127.79M | 127.79M | 135.24M | 170.70M | 165.70M | 169.07M |
| Other Intangible Assets | 63.62M | 65.02M | 99.10M | 118.02M | 135.30M | 135.53M |
| Long-Term Deferred Charges | 23.77M | 26.35M | 41.77M | 48.59M | 45.49M | 43.35M |
| Other Long-Term Assets | 4.22M | 7.21M | 4.36M | 1.44M | 795.00K | 553.00K |
| Total Assets | 309.84M | 345.63M | 403.40M | 529.53M | 482.69M | 415.54M |
| Accounts Payable | 15.99M | 26.28M | 27.01M | 18.62M | 16.18M | 14.90M |
| Accrued Expenses | 31.13M | 50.70M | 30.74M | 18.31M | 10.09M | 14.12M |
| Short-Term Debt | 10.00M | 983.00K | ||||
| Current Portion of Long-Term Debt | 5.25M | 5.25M | 8.75M | 8.11M | 3.04M | 2.96M |
| Current Portion of Leases | 4.11M | 4.70M | 5.28M | 9.43M | 3.79M | |
| Current Unearned Revenue | 26.16M | 28.08M | 31.72M | 38.99M | 32.00M | 22.75M |
| Other Current Liabilities | 321.00K | 956.00K | 4.39M | 8.78M | 7.68M | 10.18M |
| Total Current Liabilities | 92.95M | 115.97M | 107.89M | 102.23M | 72.78M | 65.89M |
| Long-Term Debt | 499.52M | 500.50M | 341.74M | 319.26M | 133.04M | 127.98M |
| Long-Term Leases | 10.86M | 14.24M | 23.86M | 71.97M | 30.58M | |
| Long-Term Unearned Revenue | 65.22M | 69.57M | 105.94M | 117.31M | 109.47M | 95.69M |
| Other Long-Term Liabilities | 17.38M | 17.30M | 17.98M | 13.63M | 36.81M | 59.56M |
| Total Liabilities | 685.94M | 717.59M | 597.40M | 624.41M | 382.68M | 349.12M |
| Common Stock | 4.00K | 4.00K | 4.00K | 5.00K | 5.00K | 4.00K |
| Additional Paid-In Capital | 443.15M | 489.73M | 503.85M | 521.31M | 505.19M | |
| Retained Earnings | -745.38M | -740.52M | -701.84M | -634.18M | -641.90M | -643.83M |
| Treasury Stock | -1.70M | -1.70M | -1.70M | -1.70M | -1.70M | |
| Comprehensive Income & Other | -17.50M | -16.60M | -16.89M | -15.44M | -16.37M | -10.60M |
| Total Common Equity | -321.43M | -269.08M | -216.57M | -130.00M | -154.78M | -654.43M |
| Minority Interest | -54.66M | -102.87M | -94.24M | -79.53M | -53.28M | 443.96M |
| Shareholders' Equity | -376.10M | -371.95M | -194.00M | -94.87M | 100.01M | 66.42M |
| Total Liabilities & Equity | 309.84M | 345.63M | 403.40M | 529.53M | 482.69M | 415.54M |
| Total Debt | 529.75M | 524.69M | 379.62M | 408.77M | 170.44M | 131.93M |
| Net Cash (Debt) | -511.51M | -491.02M | -362.95M | -381.01M | -138.45M | -112.03M |
| Net Cash Per Share | -13.67 | -14.11 | -11.34 | -9.60 | -5.47 | -5.00 |
| Filing Date Shares Outstanding | 42.22M | 37.31M | 33.74M | 30.92M | 32.20M | 23.90M |
| Total Common Shares Outstanding | 42.20M | 35.26M | 33.66M | 30.90M | 27.57M | 23.90M |
| Working Capital | -23.57M | -21.33M | -23.74M | -5.25M | 12.96M | -14.67M |
| Book Value Per Share | -7.62 | -7.63 | -6.43 | -4.21 | -5.61 | -27.38 |
| Tangible Book Value | -512.84M | -461.89M | -450.91M | -418.72M | -455.78M | -959.03M |
| Tangible Book Value Per Share | -12.15 | -13.10 | -13.40 | -13.55 | -16.53 | -40.13 |
| Machinery | 24.25M | 23.15M | 24.01M | 25.12M | 18.43M | 12.09M |
| Construction In Progress | 934.00K | 1.48M | 2.32M | 2.50M | 3.12M | 982.00K |
| Leasehold Improvements | 7.39M | 7.39M | 7.34M | 7.43M | 7.53M | 6.48M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -42.59M | -38.68M | -67.66M | -4.00M | 1.22M | -18.83M |
| Depreciation & Amortization | 10.12M | 12.03M | 17.71M | 16.88M | 15.31M | 10.17M |
| Other Amortization | 5.90M | 7.91M | 4.36M | 3.41M | 739.00K | 8.45M |
| Loss (Gain) From Sale of Assets | -11.72M | -11.93M | -12.79M | -2.12M | -78.00K | 483.00K |
| Asset Writedown & Restructuring Costs | 17.88M | 32.72M | 62.55M | 16.75M | 3.66M | 781.00K |
| Stock-Based Compensation | 10.65M | 12.91M | 15.47M | 18.00M | 29.04M | 9.70M |
| Provision & Write-off of Bad Debts | 1.77M | 2.84M | 3.10M | 2.45M | -712.00K | 410.00K |
| Other Operating Activities | 16.86M | 7.41M | -15.86M | -6.12M | 3.91M | -10.10M |
| Change in Accounts Receivable | 17.90M | 4.52M | -3.92M | -7.35M | -12.18M | -6.61M |
| Change in Inventory | 4.44M | 7.79M | 5.57M | -3.96M | -4.37M | -768.00K |
| Change in Accounts Payable | -6.65M | -141.00K | 8.62M | 889.00K | 469.00K | -3.01M |
| Change in Unearned Revenue | -30.77M | -31.70M | -19.54M | 7.02M | 18.62M | 30.01M |
| Change in Other Net Operating Assets | 472.00K | 22.64M | 14.06M | -9.13M | -3.57M | -6.25M |
| Operating Cash Flow | -5.75M | 28.32M | 11.68M | 32.71M | 52.06M | 14.45M |
| Capital Expenditures | -2.33M | -3.58M | -4.71M | -7.59M | -8.96M | -4.09M |
| Sale of Property, Plant & Equipment | 346.00K | 60.00K | 65.00K | 433.00K | ||
| Cash Acquisitions | -8.50M | -2.57M | -44.32M | |||
| Divestitures | 6.71M | 6.71M | ||||
| Sale (Purchase) of Intangibles | -1.51M | -1.60M | -1.81M | -1.78M | -7.18M | -1.22M |
| Other Investing Activities | 304.00K | 5.00K | 533.00K | 195.00K | 1.45M | -1.44M |
| Investing Cash Flow | 3.18M | 1.53M | -14.15M | -11.69M | -14.61M | -50.63M |
| Long-Term Debt Issued | 516.18M | 62.95M | 189.15M | 7.42M | 255.98M | |
| Total Debt Issued | 516.18M | 516.18M | 62.95M | 189.15M | 7.42M | 255.98M |
| Short-Term Debt Repaid | -85.00K | |||||
| Long-Term Debt Repaid | -395.45M | -47.34M | -4.20M | -2.98M | -310.60M | |
| Total Debt Repaid | -395.33M | -395.45M | -47.34M | -4.20M | -2.98M | -310.69M |
| Net Debt Issued (Repaid) | 120.85M | 120.72M | 15.61M | 184.95M | 4.45M | -54.70M |
| Issuance of Common Stock | 129.00K | 193.00K | 210.00K | 122.58M | ||
| Repurchase of Common Stock | -2.09M | -3.03M | -442.00K | -58.49M | -1.91M | -153.49M |
| Preferred Dividends Paid | -1.90M | -5.69M | -5.77M | -7.09M | -16.25M | -8.99M |
| Common Dividends Paid | -10.60M | |||||
| Dividends Paid | -1.90M | -5.69M | -5.77M | -7.09M | -16.25M | -19.59M |
| Other Financing Activities | 362.00K | -449.00K | -11.49M | -9.90M | -7.69M | -26.50M |
| Financing Cash Flow | -11.12M | -16.72M | -1.88M | -21.30M | -21.40M | 46.20M |
| Net Cash Flow | -13.69M | 13.12M | -4.36M | -276.00K | 16.05M | 10.02M |
| Free Cash Flow | -8.07M | 24.74M | 6.96M | 25.12M | 43.11M | 10.36M |
| Free Cash Flow Margin | -2.80% | 7.86% | 2.17% | 7.90% | 17.73% | 6.68% |
| Free Cash Flow Per Share | -0.22 | 0.71 | 0.22 | 0.63 | 1.70 | 0.46 |
| Levered Free Cash Flow | 39.53M | 65.29M | 58.63M | 41.67M | 21.00M | 13.08M |
| Unlevered Free Cash Flow | 67.55M | 88.12M | 83.18M | 62.47M | 28.39M | 20.07M |
| Cash Interest Paid | 48.20M | 37.52M | 41.29M | 34.79M | 11.63M | 16.14M |
| Cash Income Tax Paid | 153.00K | 206.00K | 563.00K | 1.57M | 2.79M | 1.40M |
| Change in Working Capital | -14.61M | 3.11M | 4.80M | -12.54M | -1.03M | 13.38M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 235.43M | 289.44M | 434.26M | 398.19M | 632.10M | 488.48M |
| Enterprise Value | 746.95M | 671.04M | 833.13M | 827.72M | 970.04M | 1.05B |
| Last Close Price | 4.78 | 8.23 | 13.45 | 12.89 | 22.93 | 20.44 |
| PE Ratio | 11.57 | |||||
| Forward PE | 8.13 | 13.18 | 7.89 | 10.84 | 26.59 | 52.52 |
| PS Ratio | 0.82 | 0.92 | 1.36 | 1.25 | 2.60 | 3.15 |
| PB Ratio | -0.78 | -2.24 | -4.20 | 6.32 | 7.35 | |
| P/FCF Ratio | 11.70 | 62.36 | 15.85 | 14.66 | 47.14 | |
| P/OCF Ratio | 10.22 | 37.19 | 12.17 | 12.14 | 33.80 | |
| PEG Ratio | 0.12 | 0.12 | 0.24 | 0.24 | 0.78 | |
| EV/Sales Ratio | 2.59 | 2.13 | 2.60 | 2.60 | 3.99 | 6.77 |
| EV/EBITDA Ratio | 9.04 | 7.33 | 9.19 | 11.69 | 21.54 | 82.09 |
| EV/EBIT Ratio | 10.31 | 8.44 | 11.42 | 15.36 | 32.64 | 400.46 |
| EV/FCF Ratio | 27.13 | 119.63 | 32.95 | 22.50 | 101.36 | |
| Debt / Equity Ratio | -1.41 | -1.41 | -1.96 | -4.31 | 1.70 | 1.99 |
| Debt / EBITDA Ratio | 5.93 | 5.27 | 3.70 | 4.36 | 3.32 | 10.31 |
| Debt / FCF Ratio | 21.21 | 54.51 | 16.27 | 3.95 | 12.73 | |
| Net Debt / Equity Ratio | -1.36 | -1.32 | -1.87 | -4.02 | 1.38 | 1.69 |
| Net Debt / EBITDA Ratio | 6.19 | 5.36 | 4.00 | 5.38 | 3.07 | 8.76 |
| Net Debt / FCF Ratio | -63.34 | 19.85 | 52.12 | 15.17 | 3.21 | 10.81 |
| Asset Turnover | 0.81 | 0.84 | 0.69 | 0.63 | 0.54 | 0.42 |
| Inventory Turnover | 18.62 | 17.20 | 8.42 | 7.46 | 9.24 | 8.30 |
| Quick Ratio | 0.51 | 0.59 | 0.47 | 0.61 | 0.79 | 0.48 |
| Current Ratio | 0.75 | 0.82 | 0.78 | 0.95 | 1.18 | 0.78 |
| Return on Equity (ROE) | -250.65% | 1.32% | -144.55% | |||
| Return on Assets (ROA) | 12.77% | 13.28% | 9.78% | 6.66% | 4.14% | 0.44% |
| Return on Invested Capital (ROIC) | 32.92% | 30.29% | 20.19% | 16.19% | 9.88% | 1.48% |
| Return on Capital Employed (ROCE) | 33.40% | 34.60% | 24.70% | 12.60% | 7.30% | 0.80% |
| Earnings Yield | -29.26% | -13.36% | -15.58% | -1.00% | 0.19% | -3.85% |
| FCF Yield | -3.43% | 8.55% | 1.60% | 6.31% | 6.82% | 2.12% |
| Payout Ratio | 1,337.45% | |||||
| Buyback Yield / Dilution | -11.76% | -8.77% | 19.41% | -56.97% | -12.91% |