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

Correction of Previously Issued Financial Statements - Impact of the Corrections to the Company's Consolidated Balance Sheet (Details)

v3.25.0.1
Correction of Previously Issued Financial Statements - Impact of the Corrections to the Company's Consolidated Balance Sheet (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Current Assets:        
Accounts receivable, net $ 31,693 $ 31,609    
Inventories 10,016 15,588    
Prepaid expenses and other current assets 4,869 5,593    
Deferred costs, current portion 4,598 6,893    
Total current assets 84,147 96,980    
Right-of-use assets [1] 24,036 73,501    
Goodwill 135,240 170,701 $ 165,697  
Intangible assets, net 100,944 120,065    
Total assets 403,397 529,534    
Current liabilities:        
Accounts payable 27,011 18,620    
Accrued expenses 31,323 19,875    
Deferred revenue, current portion 25,912 34,807    
Other current liabilities 18,244 24,172    
Total current liabilities 107,887 102,234    
Lease liability 23,858 71,975    
Other liabilities 251 4,965    
Total liabilities 597,402 624,406    
Additional paid-in capital 503,850 521,307    
Receivable from shareholder 16,891 15,440    
Accumulated deficit (701,837) (634,179)    
Total stockholders' deficit attributable to Xponential Fitness, Inc. (216,571) (130,004)    
Noncontrolling interests (94,244) (79,528)    
Total stockholders' deficit (310,815) (209,532) (211,878) $ (210,955)
Total liabilities, redeemable convertible preferred stock and stockholders' deficit $ 403,397 529,534    
As Previously Reported        
Current Assets:        
Accounts receivable, net   32,751    
Inventories   14,724    
Prepaid expenses and other current assets   5,856    
Deferred costs, current portion   6,620    
Total current assets   97,248    
Right-of-use assets   71,413    
Goodwill   171,601    
Intangible assets, net   120,149    
Total assets   528,698    
Current liabilities:        
Accounts payable   19,119    
Accrued expenses   14,088    
Deferred revenue, current portion   34,674    
Other current liabilities   19,666    
Total current liabilities   92,307    
Lease liability   70,141    
Other liabilities   9,152    
Total liabilities   616,832    
Additional paid-in capital   521,998    
Receivable from shareholder   15,426    
Accumulated deficit   (630,127)    
Total stockholders' deficit attributable to Xponential Fitness, Inc.   (125,247)    
Noncontrolling interests   (77,547)    
Total stockholders' deficit   (202,794) (208,062) (210,469)
Total liabilities, redeemable convertible preferred stock and stockholders' deficit   528,698    
Adjustments        
Current Assets:        
Accounts receivable, net   (1,142)    
Inventories   864    
Prepaid expenses and other current assets   (263)    
Deferred costs, current portion   273    
Total current assets   (268)    
Right-of-use assets   2,088    
Goodwill   (900)    
Intangible assets, net   (84)    
Total assets   836    
Current liabilities:        
Accounts payable   (499)    
Accrued expenses   5,787    
Deferred revenue, current portion   133    
Other current liabilities   4,506    
Total current liabilities   9,927    
Lease liability   1,834    
Other liabilities   (4,187)    
Total liabilities   7,574    
Additional paid-in capital   (691)    
Receivable from shareholder   14    
Accumulated deficit   (4,052)    
Total stockholders' deficit attributable to Xponential Fitness, Inc.   (4,757)    
Noncontrolling interests   (1,981)    
Total stockholders' deficit   (6,738) $ (3,816) $ (486)
Total liabilities, redeemable convertible preferred stock and stockholders' deficit   $ 836    
[1] As of December 31, 2024, includes impact of impairment charges of $7,012 related to the restructuring plan. See Note 19 for additional information.