Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.22.2.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue, net:        
Total revenue, net $ 63,763 $ 40,867 $ 173,685 $ 105,707
Operating costs and expenses:        
Selling, general and administrative expenses (Note 10) 32,841 24,262 96,082 62,066
Depreciation and amortization 4,154 2,376 11,225 6,838
Marketing fund expense 4,260 3,828 12,696 9,304
Acquisition and transaction expenses (income) 16,290 2,880 (5,793) 3,527
Total operating costs and expenses 74,196 44,156 162,750 109,609
Operating income (loss) (10,433) (3,289) 10,935 (3,902)
Other (income) expense:        
Interest income (402) (343) (1,209) (796)
Interest expense (Note 10) 3,333 5,855 9,060 21,869
Gain on debt extinguishment     0 (3,707)
Total other expense 2,931 5,512 7,851 17,366
Income (loss) before income taxes (13,364) (8,801) 3,084 (21,268)
Income taxes (benefit) (308) 103 (158) 387
Net income (loss) (13,056) (8,904) 3,242 (21,655)
Less: net income (loss) attributable to noncontrolling interests (5,918) (4,848) 1,065 (17,599)
Net income (loss) attributable to Xponential Fitness, Inc. $ (7,138) $ (4,056) $ 2,177 $ (4,056)
Net earnings (loss) per share of Class A common stock:        
Basic $ (1.53) $ (0.38) $ 0.28 $ (0.38)
Diluted $ (1.53) $ (0.38) $ 0.05 $ (0.38)
Weighted average shares of Class A common stock outstanding:        
Basic 26,156,418 22,146,011 24,781,778 22,146,011
Diluted 26,156,418 22,146,011 62,822,737 22,146,011
Franchise revenue        
Revenue, net:        
Total revenue, net $ 30,006 $ 19,985 $ 83,128 $ 51,504
Equipment revenue        
Revenue, net:        
Total revenue, net 11,770 6,750 31,930 15,571
Merchandise revenue        
Revenue, net:        
Total revenue, net 6,264 4,879 19,100 13,620
Franchise marketing fund revenue        
Revenue, net:        
Total revenue, net 5,172 3,706 14,544 9,503
Other service revenue        
Revenue, net:        
Total revenue, net 10,551 5,547 24,983 15,509
Product revenue        
Operating costs and expenses:        
Costs of revenue 11,840 7,641 34,951 19,259
Franchise and service revenue        
Operating costs and expenses:        
Costs of revenue $ 4,811 $ 3,169 $ 13,589 $ 8,615