Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue, net:    
Total revenue, net $ 79,521 $ 70,690
Operating costs and expenses:    
Selling, general and administrative expenses 37,155 34,885
Depreciation and amortization 4,436 4,197
Marketing fund expense 6,515 5,006
Acquisition and transaction expenses 4,515 15,742
Total operating costs and expenses 72,133 77,897
Operating income (loss) 7,388 (7,207)
Other (income) expense:    
Interest income (363) (636)
Interest expense 11,545 7,977
Other expense 609 554
Total other expense 11,791 7,895
Loss before income taxes (4,403) (15,102)
Income tax benefit (47) (123)
Net loss (4,356) (14,979)
Less: net loss attributable to noncontrolling interests (1,489) (4,996)
Net loss attributable to Xponential Fitness, Inc. $ (2,867) $ (9,983)
Net income (loss) per share of Class A common stock:    
Basic $ (0.3) $ (1.38)
Diluted $ (0.3) $ (1.38)
Weighted average shares of Class A common stock outstanding:    
Basic 31,125 30,754
Diluted 31,125 30,754
Franchise revenue    
Revenue, net:    
Total revenue, net $ 41,754 $ 32,966
Equipment revenue    
Revenue, net:    
Total revenue, net 13,900 13,094
Merchandise revenue    
Revenue, net:    
Total revenue, net 8,173 7,164
Franchise marketing fund revenue    
Revenue, net:    
Total revenue, net 7,832 6,211
Other service revenue    
Revenue, net:    
Total revenue, net 7,862 11,255
Product revenue    
Operating costs and expenses:    
Costs of revenue 14,391 14,035
Franchise and service revenue    
Operating costs and expenses:    
Costs of revenue $ 5,121 $ 4,032