Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash, cash equivalents and restricted cash $ 27,183 $ 45,863
Accounts receivable, net 14,814 18,449
Inventories 5,297 2,222
Prepaid expenses and other current assets 19,164 24,151
Deferred costs, current portion 4,239 3,671
Notes receivable, net 15 290
Total current assets 70,712 94,646
Property and equipment, net 9,374 10,891
Right-of-use assets 10,684 13,736
Goodwill 127,789 127,789
Intangible assets, net 65,201 66,507
Deferred costs, net of current portion 20,303 24,860
Other assets 4,380 7,205
Total assets 308,443 345,634
Current Liabilities:    
Accounts payable 24,518 26,282
Accrued expenses 21,033 51,202
Deferred revenue, current portion 20,099 19,324
Line of credit 10,000 0
Current portion of long-term debt 13,125 5,250
Other current liabilities 13,606 13,917
Total current liabilities 102,381 115,975
Deferred revenue, net of current portion 61,257 69,567
Contingent consideration from acquisitions (Note 14) 4,718 10,309
Long-term debt, net of current portion, discount and issuance costs 491,204 500,500
Lease liabilities, net of current portion 9,886 14,243
Other liabilities 8,817 6,993
Total liabilities 678,263 717,587
Commitments and contingencies (Note 14)
Stockholders' equity (deficit):    
Additional paid-in capital 444,638 489,732
Receivable from shareholder (Note 9) (18,051) (16,603)
Accumulated deficit (741,173) (740,520)
Treasury stock, at cost, 75 shares outstanding as of September 30, 2026 and December 31, 2025 (1,697) (1,697)
Total stockholders' deficit attributable to Xponential Fitness, Inc. (316,279) (269,084)
Noncontrolling interests (53,541) (102,869)
Total stockholders' deficit (369,820) (371,953)
Total liabilities, redeemable convertible preferred stock and stockholders' deficit 308,443 345,634
Redeemable Convertible Preferred Stock    
Current Liabilities:    
Redeemable convertible preferred stock, $0.0001 par value, 400 shares authorized, none issued and outstanding as of September 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 September 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