Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash, cash equivalents and restricted cash $ 30,895 $ 21,320
Accounts receivable, net (Note 10) 19,377 11,702
Inventories 13,738 6,928
Prepaid expenses and other current assets 10,801 5,271
Deferred costs, current portion 3,573 3,712
Notes receivable from franchisees, net (Note 10) 1,926 2,293
Total current assets 80,310 51,226
Property and equipment, net 16,613 12,773
Right of use assets 22,738 0
Goodwill 165,697 169,073
Intangible assets, net 139,718 136,863
Deferred costs, net of current portion 43,402 42,015
Notes receivable from franchisees, net of current portion (Note 10) 3,107 3,041
Other assets 682 553
Total assets 472,267 415,544
Current Liabilities:    
Accounts payable 23,342 14,905
Accrued expenses 18,818 21,045
Deferred revenue, current portion 29,039 22,747
Notes payable (Note 9) 0 983
Current portion of long-term debt 3,035 2,960
Other current liabilities 6,620 3,253
Total current liabilities 80,854 65,893
Deferred revenue, net of current portion 108,191 95,691
Contingent consideration from acquisitions (Note 16) 46,655 54,881
Long-term debt, net of current portion, discount and issuance costs 131,668 127,983
Lease liability 24,472 0
Other liabilities 3,974 4,675
Total liabilities 395,814 349,123
Commitments and contingencies (Note 16)
Stockholders' equity (deficit):    
Additional paid-in capital 528,807 0
Receivable from Member/shareholder (Note 10) (14,219) (10,600)
Accumulated deficit (641,656) (643,833)
Total stockholders' deficit attributable to Xponential Fitness, Inc. (127,063) (654,429)
Noncontrolling interests (53,580) 443,960
Total stockholders' deficit (180,643) (210,469)
Total liabilities, redeemable convertible preferred stock and deficit 472,267 415,544
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 September 30, 2022 and December 31, 2021 257,096 276,890
Undesignated Preferred Stock    
Stockholders' equity (deficit):    
Undesignated preferred stock, $0.0001 par value, 4,600,000 shares authorized, none issued and outstanding as of September 30, 2022 and December 31, 2021 0 0
Class A Common Stock    
Stockholders' equity (deficit):    
Common stock 3 2
Class B Common Stock    
Stockholders' equity (deficit):    
Common stock $ 2 $ 2