Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations (Unaudited)

v3.26.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenue, net:        
Total revenue, net $ 62,261 $ 78,824 $ 188,943 $ 231,915
Operating costs and expenses:        
Selling, general and administrative expenses 28,205 24,664 90,278 94,293
Impairment of goodwill and other noncurrent assets 0 17,568 0 32,411
Depreciation and amortization 1,329 3,679 5,346 9,608
Marketing fund expense 9,565 8,983 32,679 27,195
Acquisition and transaction expenses (income) (3,843) 3,071 (5,591) (7,482)
Total operating costs and expenses 42,719 75,258 146,844 203,847
Operating income 19,542 3,566 42,099 28,068
Other expense (income):        
Interest income (684) (1,094) (1,989) (2,414)
Other income 0 (1,133) 0 (1,133)
Interest expense 15,195 12,917 44,637 37,280
Tax receivable agreement expense (income) 0 (644) 0 1,331
Total other expense 14,511 10,046 42,648 35,064
Income (Loss) before income taxes 5,031 (6,480) (549) (6,996)
Income taxes 123 266 194 1,063
Net income (loss) 4,908 (6,746) (743) (8,059)
Less: net income (loss) attributable to noncontrolling interests 699 (1,887) (90) (2,246)
Net income (loss) attributable to Xponential Fitness, Inc. $ 4,209 $ (4,859) $ (653) $ (5,813)
Net earnings (loss) per share of Class A common stock:        
Basic $ 0.1 $ (0.18) $ (0.02) $ (0.28)
Diluted $ 0.1 $ (0.18) $ (0.02) $ (0.28)
Weighted average shares of Class A common stock outstanding:        
Basic 42,241 35,110 40,548 34,669
Diluted 49,271 35,110 40,548 34,669
Franchise revenue        
Revenue, net:        
Total revenue, net $ 43,409 $ 51,882 $ 128,554 $ 141,129
Equipment revenue        
Revenue, net:        
Total revenue, net 4,294 7,459 15,703 28,072
Merchandise revenue        
Revenue, net:        
Total revenue, net 383 4,802 1,578 16,670
Franchise marketing fund revenue        
Revenue, net:        
Total revenue, net 8,465 8,827 25,910 27,557
Other service revenue        
Revenue, net:        
Total revenue, net 5,710 5,854 17,198 18,487
Product revenue        
Operating costs and expenses:        
Costs of revenue 3,140 10,246 12,349 32,723
Franchise and service revenue        
Operating costs and expenses:        
Costs of revenue $ 4,323 $ 7,047 $ 11,783 $ 15,099