Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash, cash equivalents and restricted cash $ 15,750 $ 21,320
Accounts receivable, net (Note 10) 15,865 11,702
Inventories 9,217 6,928
Prepaid expenses and other current assets 7,389 5,271
Deferred costs, current portion 4,071 3,712
Notes receivable from franchisees, net (Note 10) 2,531 2,293
Total current assets 54,823 51,226
Property and equipment, net 13,910 12,773
Right of use assets 16,179 0
Goodwill 169,073 169,073
Intangible assets, net 134,532 136,863
Deferred costs, net of current portion 42,474 42,015
Notes receivable from franchisees, net of current portion (Note 10) 3,095 3,041
Other assets 558 553
Total assets 434,644 415,544
Current Liabilities:    
Accounts payable 12,359 14,905
Accrued expenses 15,818 21,045
Deferred revenue, current portion 25,664 22,747
Notes payable (Note 9) 0 983
Current portion of long-term debt 2,960 2,960
Other current liabilities 5,175 3,253
Total current liabilities 61,976 65,893
Deferred revenue, net of current portion 98,698 95,691
Contingent consideration from acquisitions (Note 16) 63,968 54,881
Long-term debt, net of current portion, discount and issuance costs 127,382 127,983
Lease liability 18,472 0
Other liabilities 1,529 4,675
Total liabilities 372,025 349,123
Commitments and contingencies (Note 16)
Stockholders' equity (deficit):    
Additional paid-in capital 465,525 0
Receivable from Member/shareholder (Note 10) (10,600) (10,600)
Accumulated deficit (651,352) (643,833)
Total stockholders' deficit attributable to Xponential Fitness, Inc. (196,423) (654,429)
Noncontrolling interests (68,779) 443,960
Total stockholders' deficit (265,202) (210,469)
Total liabilities, redeemable convertible preferred stock and deficit 434,644 415,544
Redeemable Convertible Preferred Stock    
Current Liabilities:    
Redeemable convertible preferred stock, $0.0001 par value, 400,000 shares authorized, 200,000 shares issued and outstanding as of March 31, 2022 and December 31, 2021 327,821 276,890
Undesignated Preferred Stock    
Stockholders' equity (deficit):    
Undesignated preferred stock, $0.0001 par value, 4,600,000 shares authorized, none issued and outstanding as of March 31, 2022 and December 31, 2021 0 0
Class A Common Stock    
Stockholders' equity (deficit):    
Common stock 2 2
Class B Common Stock    
Stockholders' equity (deficit):    
Common stock $ 2 $ 2