Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue, net:      
Total revenue, net $ 244,954 $ 155,079 $ 106,592
Operating costs and expenses:      
Selling, general and administrative expenses (Note 10) 129,108 94,798 60,917
Depreciation and amortization 15,315 10,172 7,651
Marketing fund expense 17,290 13,044 7,101
Acquisition and transaction expenses (income) 2,438 26,618 (10,990)
Total operating costs and expenses 229,818 185,898 98,798
Operating income (loss) 15,136 (30,819) 7,794
Other (income) expense:      
Interest income (1,805) (1,164) (345)
Interest expense (Note 10) 13,017 24,709 21,410
Other expense 523 0  
Gain on debt extinguishment 0 (3,707) 0
Total other expense 11,735 19,838 21,065
Income (loss) before income taxes 3,401 (50,657) (13,271)
Income taxes 526 783 369
Net income (loss) 2,875 (51,440) (13,640)
Less: Net income (loss) attributable to noncontrolling interests 945 (32,611)  
Net income (loss) attributable to Xponential Fitness, Inc. $ 1,930 $ (18,829) (13,640)
Net loss per share of Class A common stock:      
Basic $ (0.87) $ (2.85)  
Diluted $ (0.87) $ (2.85)  
Weighted average shares of Class A common stock outstanding:      
Basic 25,295 22,403  
Diluted 25,295 22,403  
Franchise revenue      
Revenue, net:      
Total revenue, net $ 115,286 $ 74,459 48,056
Equipment revenue      
Revenue, net:      
Total revenue, net 43,461 22,583 20,642
Merchandise revenue      
Revenue, net:      
Total revenue, net 27,073 20,140 16,648
Franchise marketing fund revenue      
Revenue, net:      
Total revenue, net 20,384 13,623 7,448
Other service revenue      
Revenue, net:      
Total revenue, net 38,750 24,274 13,798
Product revenue      
Operating costs and expenses:      
Costs of revenue 47,220 28,550 25,727
Franchise and service revenue      
Operating costs and expenses:      
Costs of revenue $ 18,447 $ 12,716 $ 8,392