Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.21.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue, net:        
Total revenue, net $ 40,867 $ 25,572 $ 105,707 $ 78,821
Operating costs and expenses:        
Selling, general and administrative expenses (Note 9) 24,262 16,629 62,066 43,939
Depreciation and amortization 2,376 1,956 6,838 5,653
Marketing fund expense 3,828 1,621 9,304 5,027
Acquisition and transaction expenses (income) 2,880 (5,131) 3,527 (10,940)
Total operating costs and expenses 44,156 22,850 109,609 70,463
Operating income (loss) (3,289) 2,722 (3,902) 8,358
Other (income) expense:        
Interest income (343) (83) (796) (260)
Interest expense (Note 9) 5,855 4,558 21,869 16,910
Gain on debt extinguishment     (3,707)  
Total other expense 5,512 4,475 17,366 16,650
Loss before income taxes (8,801) (1,753) (21,268) (8,292)
Income taxes 103 130 387 292
Net loss (8,904) (1,883) (21,655) (8,584)
Less: Net loss attributable to redeemable noncontrolling interests (4,848)   (17,599)  
Net loss attributable to Xponential Fitness, Inc. $ (4,056) (1,883) $ (4,056) (8,584)
Earnings (loss) per share of Class A common stock:        
Basic $ (0.38)   $ (0.38)  
Diluted $ (0.38)   $ (0.38)  
Weighted average shares of Class A common stock outstanding:        
Basic 22,146,011   22,146,011  
Diluted 22,146,011   22,146,011  
Franchise revenue        
Revenue, net:        
Total revenue, net $ 19,985 11,920 $ 51,504 35,751
Equipment revenue        
Revenue, net:        
Total revenue, net 6,750 4,845 15,571 16,739
Merchandise revenue        
Revenue, net:        
Total revenue, net 4,879 3,606 13,620 12,222
Franchise marketing fund revenue        
Revenue, net:        
Total revenue, net 3,706 1,790 9,503 5,224
Other service revenue        
Revenue, net:        
Total revenue, net 5,547 3,411 15,509 8,885
Product revenue        
Operating costs and expenses:        
Costs of revenue 7,641 5,406 19,259 20,285
Franchise and service revenue        
Operating costs and expenses:        
Costs of revenue $ 3,169 $ 2,369 $ 8,615 $ 6,499