Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.22.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue, net:        
Total revenue, net $ 59,560 $ 35,775 $ 109,922 $ 64,840
Operating costs and expenses:        
Selling, general and administrative expenses (Note 10) 29,322 21,202 63,241 37,804
Depreciation and amortization 3,579 2,407 7,071 4,462
Marketing fund expense 4,081 2,860 8,436 5,476
Acquisition and transaction expenses (income) (31,627) 297 (22,083) 647
Total operating costs and expenses 23,418 36,167 88,554 65,453
Operating income (loss) 36,142 (392) 21,368 (613)
Other (income) expense:        
Interest income (418) (358) (807) (453)
Interest expense (Note 10) 2,866 11,591 5,727 16,014
Gain on debt extinguishment   (3,707) 0 (3,707)
Total other expense 2,448 7,526 4,920 11,854
Income (loss) before income taxes 33,694 (7,918) 16,448 (12,467)
Income taxes 2,217 83 150 284
Net income (loss) 31,477 (8,001) 16,298 (12,751)
Less: net income attributable to noncontrolling interests 14,643   6,983  
Net income (loss) attributable to Xponential Fitness, Inc. $ 16,834 (8,001) $ 9,315 (12,751)
Net earnings per share of Class A common stock:        
Basic $ 3.28   $ 1.86  
Diluted $ 0.50   $ 0.26  
Weighted average shares of Class A common stock outstanding:        
Basic 25,414,394   24,083,066  
Diluted 63,183,268   62,696,023  
Franchise revenue        
Revenue, net:        
Total revenue, net $ 27,622 17,764 $ 53,122 31,519
Equipment revenue        
Revenue, net:        
Total revenue, net 12,381 4,755 20,160 8,821
Merchandise revenue        
Revenue, net:        
Total revenue, net 6,753 4,509 12,836 8,741
Franchise marketing fund revenue        
Revenue, net:        
Total revenue, net 4,937 3,314 9,372 5,797
Other service revenue        
Revenue, net:        
Total revenue, net 7,867 5,433 14,432 9,962
Product revenue        
Operating costs and expenses:        
Costs of revenue 13,519 6,274 23,111 11,618
Franchise and service revenue        
Operating costs and expenses:        
Costs of revenue $ 4,544 $ 3,127 $ 8,778 $ 5,446