Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.24.2.u1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash, cash equivalents and restricted cash $ 26,017 $ 37,094
Accounts receivable, net (Note 10) 29,771 32,751
Inventories 13,273 14,724
Prepaid expenses and other current assets 8,242 5,856
Deferred costs, current portion 8,066 6,620
Notes receivable from franchisees, net 352 203
Total current assets 85,721 97,248
Property and equipment, net 18,553 19,502
Right-of-use assets 43,387 71,413
Goodwill 163,036 171,601
Intangible assets, net 120,232 120,149
Deferred costs, net of current portion 43,043 46,541
Notes receivable from franchisees, net of current portion 108 802
Other assets 1,159 1,442
Total assets 475,239 528,698
Current liabilities:    
Accounts payable 22,694 19,119
Accrued expenses 14,411 14,088
Deferred revenue, current portion 29,343 34,674
Current portion of long-term debt 5,147 4,760
Other current liabilities 20,235 19,666
Total current liabilities 91,830 92,307
Deferred revenue, net of current portion 111,232 117,305
Contingent consideration from acquisitions (Note 16) 11,600 8,666
Long-term debt, net of current portion, discount and issuance costs 318,454 319,261
Lease liability 38,047 70,141
Other liabilities 4,831 9,152
Total liabilities 575,994 616,832
Commitments and contingencies (Note 16)
Stockholders' equity (deficit):    
Additional paid-in capital 507,986 521,998
Receivable from shareholder (Note 10) (16,135) (15,426)
Accumulated deficit (642,096) (630,127)
Treasury stock, at cost, 75 shares outstanding as of June 30, 2024 and December 31, 2023 (1,697) (1,697)
Total stockholders' deficit attributable to Xponential Fitness, Inc. (151,937) (125,247)
Noncontrolling interests (71,721) (77,547)
Total stockholders' deficit (223,658) (202,794)
Total liabilities, redeemable convertible preferred stock and stockholders' deficit 475,239 528,698
Redeemable Convertible Preferred Stock    
Current liabilities:    
Redeemable convertible preferred stock, $0.0001 par value, 400 shares authorized, 115 shares issued and outstanding as of June 30, 2024 and December 31, 2023 122,903 114,660
Undesignated Preferred Stock    
Stockholders' equity (deficit):    
Undesignated preferred stock, $0.0001 par value, 4,600 shares authorized, none issued and outstanding as of June 30, 2024 and December 31, 2023 0 0
Class A Common Stock    
Stockholders' equity (deficit):    
Common stock 3 3
Class B Common Stock    
Stockholders' equity (deficit):    
Common stock $ 2 $ 2