Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.23.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue, net:    
Total revenue, net $ 70,690 $ 50,362
Operating costs and expenses:    
Selling, general and administrative expenses 34,885 33,919
Depreciation and amortization 4,197 3,492
Marketing fund expense 5,006 4,355
Acquisition and transaction expenses 15,742 9,544
Total operating costs and expenses 77,897 65,136
Operating loss (7,207) (14,774)
Other (income) expense:    
Interest income (636) (389)
Interest expense 7,977 2,861
Other expense 554 0
Total other expense 7,895 2,472
Loss before income taxes (15,102) (17,246)
Income tax benefit (123) (2,067)
Net loss (14,979) (15,179)
Less: net loss attributable to noncontrolling interests (4,996) (7,660)
Net loss attributable to Xponential Fitness, Inc. $ (9,983) $ (7,519)
Net loss per share of Class A common stock:    
Basic $ (1.38) $ (1.51)
Diluted $ (1.38) $ (1.51)
Weighted average shares of Class A common stock outstanding:    
Basic 30,754 22,737
Diluted 30,754 22,737
Franchise revenue    
Revenue, net:    
Total revenue, net $ 32,966 $ 25,500
Equipment revenue    
Revenue, net:    
Total revenue, net 13,094 7,779
Merchandise revenue    
Revenue, net:    
Total revenue, net 7,164 6,083
Franchise marketing fund revenue    
Revenue, net:    
Total revenue, net 6,211 4,435
Other service revenue    
Revenue, net:    
Total revenue, net 11,255 6,565
Product revenue    
Operating costs and expenses:    
Costs of revenue 14,035 9,592
Franchise and service revenue    
Operating costs and expenses:    
Costs of revenue $ 4,032 $ 4,234