Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash, cash equivalents and restricted cash $ 24,988 $ 45,863
Accounts receivable, net 17,428 18,449
Inventories 2,950 2,222
Prepaid expenses and other current assets 20,169 24,151
Deferred costs, current portion 3,794 3,671
Notes receivable, net 55 290
Total current assets 69,384 94,646
Property and equipment, net 9,418 10,891
Right-of-use assets 11,642 13,736
Goodwill 127,789 127,789
Intangible assets, net 65,229 66,507
Deferred costs, net of current portion 22,162 24,860
Other assets 4,219 7,205
Total assets 309,843 345,634
Current Liabilities:    
Accounts payable 15,986 26,282
Accrued expenses 31,126 51,202
Deferred revenue, current portion 17,259 19,324
Line of credit 10,000 0
Current portion of long-term debt 5,250 5,250
Other current liabilities 13,330 13,917
Total current liabilities 92,951 115,975
Deferred revenue, net of current portion 65,225 69,567
Contingent consideration from acquisitions (Note 16) 8,561 10,309
Long-term debt, net of current portion, discount and issuance costs 499,524 500,500
Lease liabilities, net of current portion 10,860 14,243
Other liabilities 8,817 6,993
Total liabilities 685,938 717,587
Commitments and contingencies (Note 16)
Stockholders' equity (deficit):    
Additional paid-in capital 443,147 489,732
Receivable from shareholder (Note 10) (17,502) (16,603)
Accumulated deficit (745,382) (740,520)
Treasury stock, at cost, 75 shares outstanding as of September 30, 2025 and December 31, 2024 (1,697) (1,697)
Total stockholders' deficit attributable to Xponential Fitness, Inc. (321,430) (269,084)
Noncontrolling interests (54,665) (102,869)
Total stockholders' deficit (376,095) (371,953)
Total liabilities, redeemable convertible preferred stock and stockholders' deficit 309,843 345,634
Redeemable Convertible Preferred Stock    
Current Liabilities:    
Redeemable convertible preferred stock, $0.0001 par value, 400 shares authorized, none issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Undesignated Preferred Stock    
Stockholders' equity (deficit):    
Undesignated preferred stock, $0.0001 par value, 4,600 shares authorized, none issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Class A Common Stock    
Stockholders' equity (deficit):    
Common stock 4 3
Class B Common Stock    
Stockholders' equity (deficit):    
Common stock $ 0 $ 1