← Xponential Fitness, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $129.1m |
$106.6m
-17.45%
|
$155.1m
+45.49%
|
$245.0m
+57.95%
|
$318.7m
+30.09%
|
$320.3m
+0.53%
|
$314.9m
-1.71%
|
$288.5m
-8.39%
|
|
| Costs of revenue | $47.1m |
$34.1m
-27.61%
|
$41.3m
+20.95%
|
$65.7m
+59.13%
|
$73.9m
+12.52%
|
$81.3m
+10.01%
|
$64.7m
-20.34%
|
— | |
| Cost of Revenue | $47.1m |
$34.1m
-27.61%
|
$41.3m
+20.95%
|
$46.5m
+12.56%
|
$73.9m
+59.07%
|
$81.3m
+10.01%
|
$64.7m
-20.34%
|
$96.3m
+48.69%
|
|
| Gross Profit | $82.0m |
$72.5m
-11.61%
|
$113.8m
+57.04%
|
$179.3m
+57.53%
|
$244.8m
+36.52%
|
$239.1m
-2.33%
|
$250.1m
+4.63%
|
$192.2m
-23.16%
|
|
| Selling, general and administrative expenses (Note 9) | $80.5m | $60.9m | $94.8m | $129.1m | $166.8m | $176.9m | $152.0m | $144.4m | |
| Total operating costs and expenses | $150.2m | $98.8m | $185.9m | $229.8m | $279.0m | $374.0m | $295.0m | — | |
| Operating income (loss) | ($21.1m) |
$7.8m
+137.02%
|
($30.8m)
-495.42%
|
$15.1m
+149.11%
|
$39.7m
+162.11%
|
($53.6m)
-235.14%
|
$19.8m
+137.02%
|
$37.6m
+89.62%
|
|
| Interest expense | $16.1m | $21.4m | $24.7m | $13.0m | $38.7m | $46.2m | $49.2m | $54.3m | |
| Interest income | ($168k) | ($345k) | ($1.2m) | ($1.8m) | ($1.6m) | ($1.8m) | ($3.2m) | $3.2m | |
| Other income | — | — | — | — | $0 | $0 | ($1.1m) | — | |
| Total other expense | $15.9m | $21.1m | $19.8m | $11.7m | $40.3m | $45.4m | $72.2m | — | |
| Loss before income taxes | ($37.0m) | ($13.3m) | ($50.7m) | $3.4m | ($642k) | ($99.0m) | ($52.3m) | — | |
| Income taxes (benefit) | $164k | $369k | $783k | $526k | $1.1m | ($342k) | $1.3m | — | |
| Net loss | ($37.1m) | ($13.6m) | ($51.4m) | $2.9m | ($1.7m) | ($98.7m) | ($53.7m) | — | |
| Net loss attributable to Xponential Fitness, Inc. | ($37.1m) | ($13.6m) | ($18.8m) | $1.9m | ($903k) | ($67.7m) | ($38.7m) | — | |
| Less: net loss attributable to noncontrolling interests | — | — | ($32.6m) | $945k | ($810k) | ($31.0m) | ($15.0m) | — | |
| Basic | — | — | ($0.84) | $0.08 | ($0.03) | ($2.11) | ($1.11) | ($1.48) | |
| Diluted | — | — | ($0.84) | $0.08 | ($0.02) | ($2.11) | ($1.11) | ($52,353,000.00) | |
| Impairment of goodwill and other noncurrent assets | — | — | $781k | $3.7m | $16.7m | $62.6m | $32.7m | — | |
| Depreciation and amortization | $6.4m | $7.7m | $10.2m | $15.3m | $16.9m | $17.7m | $12.0m | $10.1m | |
| Marketing fund expense | $8.2m | $7.1m | $13.0m | $17.3m | $22.7m | $26.7m | $40.5m | — | |
| Acquisition and transaction (income) expense | $7.9m | ($11.0m) | $26.6m | $2.4m | ($18.0m) | $8.9m | ($6.9m) | — | |
| Tax receivable agreement expense (benefit) | — | — | — | — | $3.2m | $998k | ($11k) | — | |
| Loss on debt extinguishment | — | $0 | ($3.7m) | $0 | $0 | $0 | $27.3m | — |