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 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue, net:        
Total revenue, net $ 76,517 $ 77,340 $ 156,038 $ 148,030
Operating costs and expenses:        
Selling, general and administrative expenses 36,989 37,210 74,144 72,095
Impairment of goodwill and other assets 12,089 7,238 12,089 7,238
Depreciation and amortization 4,517 4,288 8,953 8,485
Marketing fund expense 7,847 5,466 14,362 10,472
Acquisition and transaction expenses (income) (1,217) (31,252) 3,298 (15,510)
Total operating costs and expenses 78,925 40,887 151,058 118,784
Operating income (loss) (2,408) 36,453 4,980 29,246
Other expense (income):        
Interest income (387) (529) (750) (1,165)
Interest expense 11,256 8,627 22,801 16,604
Other expense 253 698 862 1,252
Total other expense 11,122 8,796 22,913 16,691
Income (loss) before income taxes (13,530) 27,657 (17,933) 12,555
Income taxes 132 133 85 10
Net income (loss) (13,662) 27,524 (18,018) 12,545
Less: net income (loss) attributable to noncontrolling interests (4,560) 9,145 (6,049) 4,149
Net income (loss) attributable to Xponential Fitness, Inc. $ (9,102) $ 18,379 $ (11,969) $ 8,396
Net income (loss) per share of Class A common stock:        
Basic $ (0.29) $ 1.44 $ (0.59) $ 0.16
Diluted $ (0.29) $ 0.09 $ (0.59) $ 0.08
Weighted average shares of Class A common stock outstanding:        
Basic 31,806 33,045 31,465 31,906
Diluted 31,806 41,593 31,465 50,059
Franchise revenue        
Revenue, net:        
Total revenue, net $ 43,020 $ 35,133 $ 84,774 $ 68,099
Equipment revenue        
Revenue, net:        
Total revenue, net 12,925 14,428 26,825 27,522
Merchandise revenue        
Revenue, net:        
Total revenue, net 5,882 8,401 14,055 15,565
Franchise marketing fund revenue        
Revenue, net:        
Total revenue, net 8,380 6,617 16,212 12,828
Other service revenue        
Revenue, net:        
Total revenue, net 6,310 12,761 14,172 24,016
Product revenue        
Operating costs and expenses:        
Costs of revenue 12,866 14,223 27,257 28,258
Franchise and service revenue        
Operating costs and expenses:        
Costs of revenue $ 5,834 $ 3,714 $ 10,955 $ 7,746