Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash, cash equivalents and restricted cash $ 37,370 $ 21,320
Accounts receivable, net (Note 10) 25,555 11,702
Inventories 10,864 6,928
Prepaid expenses and other current assets 6,294 5,271
Deferred costs, current portion 4,131 3,712
Notes receivable from franchisees, net (Note 10) 1,520 2,293
Total current assets 85,734 51,226
Property and equipment, net 18,524 12,773
Right-of-use assets 30,079 0
Goodwill 165,697 169,073
Intangible assets, net 137,175 136,863
Deferred costs, net of current portion 43,620 42,015
Notes receivable from franchisees, net of current portion (Note 10) 1,067 3,041
Other assets 795 553
Total assets 482,691 415,544
Current Liabilities:    
Accounts payable 16,185 14,905
Accrued expenses 12,295 21,045
Deferred revenue, current portion 31,996 22,747
Notes payable 0 983
Current portion of long-term debt 3,035 2,960
Other current liabilities 9,265 3,253
Total current liabilities 72,776 65,893
Deferred revenue, net of current portion 109,465 95,691
Contingent consideration from acquisitions (Note 17) 28,182 54,881
Long-term debt, net of current portion, discount and issuance costs 133,039 127,983
Lease liability 30,583 0
Other liabilities 8,633 4,675
Total liabilities 382,678 349,123
Commitments and contingencies (Note 17)
Stockholders' equity (deficit):    
Additional paid-in capital 505,186 0
Receivable from shareholder (Note 10) (16,369) (10,600)
Accumulated deficit (641,903) (643,833)
Treasury stock, at cost, 75 shares outstanding as of December 31, 2022, no shares outstanding as of December 31, 2021 (1,697) 0
Total stockholders' deficit attributable to Xponential Fitness, Inc. (154,778) (654,429)
Noncontrolling interests (53,284) 443,960
Total stockholders' deficit (208,062) (210,469)
Total liabilities, redeemable convertible preferred stock and stockholders' deficit 482,691 415,544
Redeemable Convertible Preferred Stock    
Current Liabilities:    
Redeemable convertible preferred stock, $0.0001 par value, 400 shares authorized, 200 shares issued and outstanding as of December 31, 2022 and 2021 308,075 276,890
Undesignated Preferred Stock    
Stockholders' equity (deficit):    
Undesignated preferred stock, $0.0001 par value, 4,600 shares authorized, none issued and outstanding as of December 31, 2022 and 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