Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations

v3.25.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue, net:        
Total revenue, net $ 76,208 $ 76,903 $ 153,091 $ 156,596
Operating costs and expenses:        
Selling, general and administrative expenses (Note 10) 24,084 36,989 69,629 73,609
Impairment of goodwill and other noncurrent assets 12,928 12,089 14,843 12,089
Depreciation and amortization 2,973 4,517 5,929 8,953
Marketing fund expense 8,855 7,847 18,212 14,362
Acquisition and transaction expenses (income) (1,915) (1,217) (10,553) 3,298
Total operating costs and expenses 61,385 79,992 128,589 151,691
Operating income (loss) 14,823 (3,089) 24,502 4,905
Other expense (income):        
Interest income (701) (387) (1,320) (750)
Interest expense 12,975 11,256 24,363 22,801
Other expense 891 253 1,975 862
Total other expense 13,165 11,122 25,018 22,913
Income (loss) before income taxes 1,658 (14,211) (516) (18,008)
Income taxes 312 132 797 85
Net income (loss) 1,346 (14,343) (1,313) (18,093)
Less: net income (loss) attributable to noncontrolling interests 377 (4,780) (359) (6,050)
Net income (loss) attributable to Xponential Fitness, Inc. $ 969 $ (9,563) $ (954) $ (12,043)
Net loss per share of Class A common stock:        
Basic $ (0.01) $ (0.3) $ (0.11) $ (0.59)
Diluted $ (0.01) $ (0.3) $ (0.11) $ (0.59)
Weighted average shares of Class A common stock outstanding:        
Basic 34,972 31,806 34,444 31,465
Diluted 34,972 31,806 34,444 31,465
Franchise revenue        
Revenue, net:        
Total revenue, net $ 45,353 $ 43,020 $ 89,247 $ 84,774
Equipment revenue        
Revenue, net:        
Total revenue, net 9,509 12,925 20,613 26,825
Merchandise revenue        
Revenue, net:        
Total revenue, net 5,613 6,134 11,868 14,479
Franchise marketing fund revenue        
Revenue, net:        
Total revenue, net 9,461 8,380 18,730 16,212
Other service revenue        
Revenue, net:        
Total revenue, net 6,272 6,444 12,633 14,306
Product revenue        
Operating costs and expenses:        
Costs of revenue 10,505 13,933 22,477 28,499
Franchise and service revenue        
Operating costs and expenses:        
Costs of revenue $ 3,955 $ 5,834 $ 8,052 $ 10,881