Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations

v3.25.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue, net:        
Total revenue, net $ 78,824 $ 80,530 $ 231,915 $ 237,126
Operating costs and expenses:        
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) 0 (1,133) 0
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
Franchise revenue        
Revenue, net:        
Total revenue, net $ 51,882 $ 44,458 $ 141,129 $ 129,232
Equipment revenue        
Revenue, net:        
Total revenue, net 7,459 14,681 28,072 41,506
Merchandise revenue        
Revenue, net:        
Total revenue, net 4,802 6,577 16,670 21,056
Franchise marketing fund revenue        
Revenue, net:        
Total revenue, net 8,827 8,565 27,557 24,777
Other service revenue        
Revenue, net:        
Total revenue, net 5,854 6,249 18,487 20,555
Product revenue        
Operating costs and expenses:        
Costs of revenue 10,246 17,287 32,723 45,786
Franchise and service revenue        
Operating costs and expenses:        
Costs of revenue $ 7,047 $ 4,867 $ 15,099 $ 15,748