Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Operations

v3.25.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue, net:      
Total revenue, net $ 320,346 $ 317,937 $ 243,199
Operating costs and expenses:      
Costs of revenue     46,451
Selling, general and administrative expenses (Note 11) 176,854 168,863 126,278
Impairment of goodwill and other assets 62,551 16,750 3,656
Depreciation and amortization 17,713 16,883 15,315
Marketing fund expense 26,673 22,683 17,290
Acquisition and transaction expenses (income) 8,886 (18,464) 2,438
Total operating costs and expenses 373,960 283,031 229,875
Operating income (loss) (53,614) 34,906 13,324
Other expense (income):      
Interest income (1,824) (1,611) (1,805)
Interest expense 46,250 38,733 13,017
Other expense 998 3,193 523
Total other expense 45,424 40,315 11,735
Income (loss) before income taxes (99,038) (5,409) 1,589
Income taxes (benefit) (342) 1,034 488
Net income (loss) (98,696) (6,443) 1,101
Less: Net loss attributable to noncontrolling interests (31,038) (2,442) (114)
Net income (loss) attributable to Xponential Fitness, Inc. $ (67,658) $ (4,001) $ 1,215
Net income (loss) per share of Class A common stock:      
Basic $ (2.27) $ 1.08 $ (0.88)
Diluted $ (2.27) $ (0.52) $ (0.88)
Weighted average shares of Class A common stock outstanding:      
Basic 31,999 31,742 25,295
Diluted 31,999 39,705 25,295
Franchise revenue      
Revenue, net:      
Total revenue, net $ 174,524 $ 143,247 $ 115,026
Equipment revenue      
Revenue, net:      
Total revenue, net 54,199 56,454 43,461
Merchandise revenue      
Revenue, net:      
Total revenue, net 27,174 33,275 25,978
Franchise marketing fund revenue      
Revenue, net:      
Total revenue, net 33,986 27,292 20,384
Other service revenue      
Revenue, net:      
Total revenue, net 30,463 57,669 38,350
Product revenue      
Operating costs and expenses:      
Costs of revenue 59,477 60,331 46,451
Franchise and service revenue      
Operating costs and expenses:      
Costs of revenue $ 21,806 $ 15,985 $ 18,447