Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.24.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue, net:        
Total revenue, net $ 80,491 $ 80,435 $ 236,529 $ 228,465
Operating costs and expenses:        
Selling, general and administrative expenses 46,164 43,908 120,308 116,003
Impairment of goodwill and other assets 4,502 4,671 16,591 11,909
Depreciation and amortization 4,226 4,216 13,179 12,701
Marketing fund expense 6,423 5,817 20,785 16,289
Acquisition and transaction expenses (income) 3,664 (1,923) 6,962 (17,433)
Total operating costs and expenses 86,917 72,957 237,975 191,741
Operating income (loss) (6,426) 7,478 (1,446) 36,724
Other expense (income):        
Interest income (481) (24) (1,231) (1,189)
Interest expense 11,843 10,638 34,644 27,242
Other expense 51 1,845 913 3,097
Total other expense 11,413 12,459 34,326 29,150
Income (loss) before income taxes (17,839) (4,981) (35,772) 7,574
Income taxes 131 202 216 212
Net income (loss) (17,970) (5,183) (35,988) 7,362
Less: net income (loss) attributable to noncontrolling interests (5,971) (1,801) (12,020) 2,348
Net income (loss) attributable to Xponential Fitness, Inc. $ (11,999) $ (3,382) $ (23,968) $ 5,014
Net income (loss) per share of Class A common stock:        
Basic $ (0.29) $ 0.91 $ (0.88) $ 1.08
Diluted $ (0.29) $ (0.5) $ (0.88) $ (0.17)
Weighted average shares of Class A common stock outstanding:        
Basic 32,177 32,260 31,704 32,025
Diluted 32,177 40,223 31,704 39,988
Franchise revenue        
Revenue, net:        
Total revenue, net $ 44,458 $ 36,425 $ 129,232 $ 104,524
Equipment revenue        
Revenue, net:        
Total revenue, net 14,681 12,564 41,506 40,086
Merchandise revenue        
Revenue, net:        
Total revenue, net 6,538 8,456 20,593 24,021
Franchise marketing fund revenue        
Revenue, net:        
Total revenue, net 8,565 6,948 24,777 19,776
Other service revenue        
Revenue, net:        
Total revenue, net 6,249 16,042 20,421 40,058
Product revenue        
Operating costs and expenses:        
Costs of revenue 17,071 12,709 44,328 40,967
Franchise and service revenue        
Operating costs and expenses:        
Costs of revenue $ 4,867 $ 3,559 $ 15,822 $ 11,305