Xponential Fitness, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2025

Accounting Policies [Abstract]

Reconciliation of Activity Related to Accounts Receivable, Other Receivables and Notes Receivable Allowance for Credit Losses

The following table provides a reconciliation of the activity related to the Company’s accounts receivable and notes receivable allowance for credit losses:


		Accounts receivable				Notes receivable				Total
Balance at December 31, 2024		$	2,510			$	205			$	2,715
Bad debt expense (recovery) recognized during the year			250				(1	)			249
Write-off of uncollectible amounts			(1,519	)			(122	)			(1,641	)
Balance at March 31, 2025		$	1,241			$	82			$	1,323

Summary of Prepaid Expenses and Other Current Assets


		March 31,				December 31,
		2025				2024
Prepaid expenses and other current assets
Prepaid expenses and other		$	7,056			$	2,210
Tax receivables			2,472				2,659
Gift card receivable			5,199				5,809
Total prepaid expenses and other current assets		$	14,727			$	10,678

Summary of Accrued Expenses



Accrued expenses
Accrued compensation		$	2,859			$	1,914
Contingent consideration from acquisitions, current portion			561				581
Sales tax accruals			977				1,197
Legal accruals			28,729				13,835
Other accruals			13,476				13,796
Total accrued expenses		$	46,602			$	31,323

Summary of Other Current liabilities



Other current liabilities
Lease liabilities, short-term		$	5,593			$	5,276
Promissory note			3,409				3,350
Tax receivable agreement liability, current portion			2,090				2,090
Gift card liability			5,199				5,809
Other current liabilities			1,812				1,719
Total other current liabilities		$	18,103			$	18,244