Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.23.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue, net:        
Total revenue, net $ 80,435 $ 63,763 $ 228,465 $ 173,685
Operating costs and expenses:        
Selling, general and administrative expenses 48,579 32,841 127,912 96,082
Depreciation and amortization 4,216 4,154 12,701 11,225
Marketing fund expense 5,817 4,260 16,289 12,696
Acquisition and transaction expenses (income) (1,923) 16,290 (17,433) (5,793)
Total operating costs and expenses 72,957 74,196 191,741 162,750
Operating income (loss) 7,478 10,433 36,724 10,935
Other (income) expense:        
Interest income (24) (402) (1,189) (1,209)
Interest expense 10,638 3,333 27,242 9,060
Other expense 1,845 0 3,097 0
Total other expense 12,459 2,931 29,150 7,851
Income (loss) before income taxes (4,981) (13,364) 7,574 3,084
Income taxes (benefit) 202 (308) 212 (158)
Net income (loss) (5,183) (13,056) 7,362 3,242
Less: net income (loss) attributable to noncontrolling interests (1,801) (5,918) 2,348 1,065
Net income (loss) attributable to Xponential Fitness, Inc. $ (3,382) $ (7,138) $ 5,014 $ 2,177
Net income (loss) per share of Class A common stock:        
Basic $ 0.91 $ (1.53) $ 1.08 $ 0.28
Diluted $ (0.5) $ (1.53) $ (0.17) $ 0.05
Weighted average shares of Class A common stock outstanding:        
Basic 32,260 26,156 32,025 24,782
Diluted 40,223 26,156 39,988 62,823
Franchise revenue        
Revenue, net:        
Total revenue, net $ 36,425 $ 30,006 $ 104,524 $ 83,128
Equipment revenue        
Revenue, net:        
Total revenue, net 12,564 11,770 40,086 31,930
Merchandise revenue        
Revenue, net:        
Total revenue, net 8,456 6,264 24,021 19,100
Franchise marketing fund revenue        
Revenue, net:        
Total revenue, net 6,948 5,172 19,776 14,544
Other service revenue        
Revenue, net:        
Total revenue, net 16,042 10,551 40,058 24,983
Product revenue        
Operating costs and expenses:        
Costs of revenue 12,709 11,840 40,967 34,951
Franchise and service revenue        
Operating costs and expenses:        
Costs of revenue $ 3,559 $ 4,811 $ 11,305 $ 13,589