Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current Assets:    
Cash, cash equivalents and restricted cash $ 21,470 $ 45,863
Accounts receivable, net 20,838 18,449
Inventories 2,504 2,222
Prepaid expenses and other current assets 26,167 24,151
Deferred costs, current portion 3,913 3,671
Notes receivable, net 96 290
Total current assets 74,988 94,646
Property and equipment, net 10,181 10,891
Right-of-use assets 12,797 13,736
Goodwill 127,789 127,789
Intangible assets, net 65,687 66,507
Deferred costs, net of current portion 23,864 24,860
Other assets 7,097 7,205
Total assets 322,403 345,634
Current Liabilities:    
Accounts payable 18,086 26,282
Accrued expenses 41,827 51,202
Deferred revenue, current portion 20,743 19,324
Current portion of long-term debt 5,250 5,250
Other current liabilities 13,117 13,917
Total current liabilities 99,023 115,975
Deferred revenue, net of current portion 68,137 69,567
Contingent consideration from acquisitions (Note 16) 7,122 10,309
Long-term debt, net of current portion, discount and issuance costs 499,999 500,500
Lease liabilities, net of current portion 13,101 14,243
Other liabilities 6,993 6,993
Total liabilities 694,375 717,587
Commitments and contingencies (Note 16)
Stockholders' equity (deficit):    
Additional paid-in capital 443,635 489,732
Receivable from shareholder (Note 10) (17,016) (16,603)
Accumulated deficit (741,245) (740,520)
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. (316,319) (269,084)
Noncontrolling interests (55,653) (102,869)
Total stockholders' deficit (371,972) (371,953)
Total liabilities, redeemable convertible preferred stock and stockholders' deficit 322,403 345,634
Redeemable Convertible Preferred Stock    
Current Liabilities:    
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 0 0
Undesignated Preferred Stock    
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 0 0
Class A Common Stock    
Stockholders' equity (deficit):    
Common stock 4 3
Class B Common Stock    
Stockholders' equity (deficit):    
Common stock $ 0 $ 1