Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations

v3.25.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue, net:    
Total revenue, net $ 76,883 $ 79,693
Operating costs and expenses:    
Selling, general and administrative expenses (Note 9) 45,545 36,620
Impairment of goodwill and other assets 1,915 0
Depreciation and amortization 2,956 4,436
Marketing fund expense 9,357 6,515
Acquisition and transaction expenses (income) (8,638) 4,515
Total operating costs and expenses 67,204 71,699
Operating income 9,679 7,994
Other expense (income):    
Interest income (619) (363)
Interest expense 11,388 11,545
Other expense 1,084 609
Total other expense 11,853 11,791
Loss before income taxes (2,174) (3,797)
Income taxes (benefit) 485 (47)
Net loss (2,659) (3,750)
Less: net loss attributable to noncontrolling interests (736) (1,270)
Net loss attributable to Xponential Fitness, Inc. $ (1,923) $ (2,480)
Net loss per share of Class A common stock:    
Basic $ (0.1) $ (0.29)
Diluted $ (0.1) $ (0.29)
Weighted average shares of Class A common stock outstanding:    
Basic 33,910 31,125
Diluted 33,910 31,125
Franchise revenue    
Revenue, net:    
Total revenue, net $ 43,894 $ 41,754
Equipment revenue    
Revenue, net:    
Total revenue, net 11,104 13,900
Merchandise revenue    
Revenue, net:    
Total revenue, net 6,255 8,345
Franchise marketing fund revenue    
Revenue, net:    
Total revenue, net 9,269 7,832
Other service revenue    
Revenue, net:    
Total revenue, net 6,361 7,862
Product revenue    
Operating costs and expenses:    
Costs of revenue 11,972 14,566
Franchise and service revenue    
Operating costs and expenses:    
Costs of revenue $ 4,097 $ 5,047