Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations (Unaudited)

v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue, net:    
Total revenue, net $ 60,714 $ 76,883
Operating costs and expenses:    
Selling, general and administrative expenses 30,040 45,545
Impairment of goodwill and other noncurrent assets 0 1,915
Depreciation and amortization 2,252 2,956
Marketing fund expense 11,674 9,357
Acquisition and transaction income (3,187) (8,638)
Total operating costs and expenses 47,671 67,204
Operating income 13,043 9,679
Other expense (income):    
Interest income (637) (619)
Interest expense 14,494 11,388
Tax receivable agreement expense 0 1,084
Total other expense 13,857 11,853
Loss before income taxes (814) (2,174)
Income taxes 6 485
Net loss (820) (2,659)
Less: net loss attributable to noncontrolling interests (95) (736)
Net loss attributable to Xponential Fitness, Inc. $ (725) $ (1,923)
Net loss per share of Class A common stock:    
Basic $ (0.02) $ (0.1)
Diluted $ (0.02) $ (0.1)
Weighted average shares of Class A common stock outstanding:    
Basic 37,317 33,910
Diluted 37,317 33,910
Franchise revenue    
Revenue, net:    
Total revenue, net $ 41,154 $ 43,894
Equipment revenue    
Revenue, net:    
Total revenue, net 4,351 11,104
Merchandise revenue    
Revenue, net:    
Total revenue, net 653 6,255
Franchise marketing fund revenue    
Revenue, net:    
Total revenue, net 8,712 9,269
Other service revenue    
Revenue, net:    
Total revenue, net 5,844 6,361
Product revenue    
Operating costs and expenses:    
Costs of revenue 3,630 11,972
Franchise and service revenue    
Operating costs and expenses:    
Costs of revenue $ 3,262 $ 4,097