Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue, net:      
Total revenue, net $ 155,079 $ 106,592 $ 129,130
Operating costs and expenses:      
Selling, general and administrative expenses (Note 9) 94,798 60,917 80,495
Depreciation and amortization 10,172 7,651 6,386
Marketing fund expense 13,044 7,101 8,217
Acquisition and transaction expenses (income) 26,618 (10,990) 7,948
Total operating costs and expenses 185,898 98,798 150,181
Operating income (loss) (30,819) 7,794 (21,051)
Other (income) expense:      
Interest income (1,164) (345) (168)
Interest expense (Note 9) 24,709 21,410 16,087
Gain on debt extinguishment (3,707)    
Total other expense 19,838 21,065 15,919
Loss before income taxes (50,657) (13,271) (36,970)
Income taxes 783 369 164
Net loss (51,440) (13,640) (37,134)
Less: Net loss attributable to noncontrolling interests (32,611)    
Net loss attributable to Xponential Fitness, Inc. $ (18,829) (13,640) (37,134)
Net loss per share of Class A common stock:      
Basic $ (2.85)    
Diluted $ (2.85)    
Weighted average shares of Class A common stock outstanding:      
Basic 22,402,703    
Diluted 22,402,703    
Franchise revenue      
Revenue, net:      
Total revenue, net $ 74,459 48,056 47,364
Equipment revenue      
Revenue, net:      
Total revenue, net 22,583 20,642 40,012
Merchandise revenue      
Revenue, net:      
Total revenue, net 20,140 16,648 22,215
Franchise marketing fund revenue      
Revenue, net:      
Total revenue, net 13,623 7,448 8,648
Other service revenue      
Revenue, net:      
Total revenue, net 24,274 13,798 10,891
Product revenue      
Operating costs and expenses:      
Costs of revenue 28,550 25,727 41,432
Franchise and service revenue      
Operating costs and expenses:      
Costs of revenue $ 12,716 $ 8,392 $ 5,703