Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash, cash equivalents and restricted cash $ 21,320 $ 11,299
Accounts receivable, net (Note 9) 11,702 5,196
Inventories 6,928 6,161
Prepaid expenses and other current assets 5,271 5,480
Deferred costs, current portion 3,712 3,281
Notes receivable from franchisees, net (Note 9) 2,293 1,288
Total current assets 51,226 32,705
Property and equipment, net 12,773 13,694
Goodwill 169,073 139,680
Intangible assets, net 136,863 98,124
Deferred costs, net of current portion 42,015 35,445
Notes receivable from franchisees, net of current portion (Note 9) 3,041 2,576
Other assets 553 614
Total assets 415,544 322,838
Current Liabilities:    
Accounts payable 14,905 18,339
Accrued expenses (Note 9) 21,045 13,764
Deferred revenue, current portion 22,747 14,247
Notes payable (Note 9) 983 970
Current portion of long-term debt 2,960 5,795
Other current liabilities 3,253 1,804
Total current liabilities 65,893 54,919
Deferred revenue, net of current portion 95,691 74,361
Contingent consideration from acquisitions (Note 16) 54,881 8,399
Long-term debt, net of current portion, discount and issuance costs 127,983 176,002
Other liabilities 4,675 4,408
Total liabilities 349,123 318,089
Commitments and contingencies (Note 16)
Member's/Stockholders' equity (deficit):    
Additional paid-in capital  
Member’s contribution   113,697
Receivable from Member/shareholder (Note 9) (10,600) (1,456)
Accumulated deficit (643,833) (107,492)
Total stockholders'/member's equity (deficit) attributable to Xponential Fitness, Inc. (654,429) 4,749
Noncontrolling interests 443,960  
Total stockholders'/member's equity (deficit) (210,469) 4,749
Total liabilities, redeemable convertible preferred stock and equity (deficit) 415,544 $ 322,838
Redeemable Convertible Preferred Stock    
Current Liabilities:    
Redeemable convertible preferred stock, $0.0001 par value, 400,000 shares authorized, 200,000 shares issued and outstanding as of September 30, 2021, no shares authorized, issued and outstanding as of December 31, 2020 276,890  
Undesignated Preferred Stock    
Member's/Stockholders' equity (deficit):    
Undesignated preferred stock, $0.0001 par value, 4,600,000 shares authorized, none issued and outstanding as of September 30, 2021, no shares authorized, issued andoutstanding as of December 31, 2020  
Class A Common Stock    
Member's/Stockholders' equity (deficit):    
Common stock 2  
Class B Common Stock    
Member's/Stockholders' equity (deficit):    
Common stock $ 2