Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations (Unaudited)

v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue, net:        
Total revenue, net $ 65,968 $ 76,208 $ 126,682 $ 153,091
Operating costs and expenses:        
Selling, general and administrative expenses 32,033 24,084 62,073 69,629
Impairment of goodwill and other noncurrent assets 0 12,928 0 14,843
Depreciation and amortization 1,765 2,973 4,017 5,929
Marketing fund expense 11,440 8,855 23,114 18,212
Acquisition and transaction expenses (income) 1,439 (1,915) (1,748) (10,553)
Total operating costs and expenses 56,454 61,385 104,125 128,589
Operating income 9,514 14,823 22,557 24,502
Other expense (income):        
Interest income (668) (701) (1,305) (1,320)
Interest expense 14,948 12,975 29,442 24,363
Tax receivable agreement expense 0 891 0 1,975
Total other expense 14,280 13,165 28,137 25,018
Income (Loss) before income taxes (4,766) 1,658 (5,580) (516)
Income taxes 65 312 71 797
Net income (loss) (4,831) 1,346 (5,651) (1,313)
Less: net income (loss) attributable to noncontrolling interests (694) 377 (789) (359)
Net income (loss) attributable to Xponential Fitness, Inc. $ (4,137) $ 969 $ (4,862) $ (954)
Net loss per share of Class A common stock:        
Basic $ (0.1) $ (0.01) $ (0.12) $ (0.11)
Diluted $ (0.1) $ (0.01) $ (0.12) $ (0.11)
Weighted average shares of Class A common stock outstanding:        
Basic 42,031 34,972 39,687 34,444
Diluted 42,031 34,972 39,687 34,444
Franchise revenue        
Revenue, net:        
Total revenue, net $ 43,991 $ 45,353 $ 85,145 $ 89,247
Equipment revenue        
Revenue, net:        
Total revenue, net 7,058 9,509 11,409 20,613
Merchandise revenue        
Revenue, net:        
Total revenue, net 542 5,613 1,195 11,868
Franchise marketing fund revenue        
Revenue, net:        
Total revenue, net 8,733 9,461 17,445 18,730
Other service revenue        
Revenue, net:        
Total revenue, net 5,644 6,272 11,488 12,633
Product revenue        
Operating costs and expenses:        
Costs of revenue 5,579 10,505 9,209 22,477
Franchise and service revenue        
Operating costs and expenses:        
Costs of revenue $ 4,198 $ 3,955 $ 7,460 $ 8,052