Xponential Fitness, Inc. Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases are summarized as follows:


Operating leases	Balance Sheet Location	June 30, 2024		December 31, 2023
ROU assets, net	Right-of-use assets	$	43,387	$	71,413
Lease liabilities, short-term	Other current liabilities	$	6,887	$	9,109
Lease liabilities, long-term	Lease liability	$	38,047	$	70,141

Summary of Components of Lease Expense

Components of lease expense during the three and six months ended June 30, 2024 and 2023, are summarized as follows:


	Three months ended June 30,
	2024		2023
Operating lease costs	$	2,174	$	3,177
Variable lease costs		285		418
Total	$	2,459	$	3,595

	Six months ended June 30,
	2024		2023
Operating lease costs	$	5,948	$	5,327
Variable lease costs		458		765
Total	$	6,406	$	6,092

Schedule of Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to operating leases during the three and six months ended June 30, 2024 and 2023, are summarized as follows:


	Three months ended June 30,
	2024		2023
Cash paid for amounts included in the measurement of operating lease liabilities	$	1,482	$	2,817
Lease liabilities arising from new ROU assets	$	—	$	50,543


	Six months ended June 30,
	2024		2023
Cash paid for amounts included in the measurement of operating lease liabilities	$	3,223	$	4,780
Lease liabilities arising from new ROU assets	$	—	$	62,164

Schedule of Other Information Related to Leases

Other information related to leases is summarized as follows:


	June 30, 2024			December 31, 2023
Weighted average remaining lease term (years)		5.9			6.7
Weighted average discount rate		10.2	%		8.4	%

Schedule of Future Minimum Lease Payments

Maturities of lease liabilities as of June 30, 2024 are summarized as follows:


	Amount
Remainder of 2024	$	6,601
2025		10,349
2026		10,417
2027		9,844
2028		7,734
Thereafter		15,347
Total future lease payments		60,292
Less: imputed interest		15,358
Total	$	44,934