FXLV · F45 Training Holdings Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.04M | $17.58M | - | $29.33M | $30.03M | $50.01M | - | $21.96M | $17.46M |
| Cost of Revenue | $4.82M | $5.85M | - | $7.24M | $5.20M | $12.17M | - | $7.24M | $5.20M |
| Gross Profit | $12.21M | $11.73M | - | $19.91M | $19.66M | $37.83M | - | $19.94M | $13.22M |
| R&D | - | - | - | - | - | - | - | - | - |
| SG&A | $27.74M | $31.50M | - | $53.91M | $52.83M | $32.09M | - | $10.10M | $18.56M |
| Total Operating Expenses | $32.56M | $37.36M | - | $63.33M | $63.20M | $44.26M | - | $17.34M | $23.76M |
| D&A | $300.0K | $336.0K | - | $300.0K | $300.0K | $286.0K | - | - | - |
| Operating Income | ($15.53M) | ($19.78M) | - | ($34.01M) | ($33.16M) | $5.74M | - | ($90.55M) | $5.58M |
| Interest Expense | - | - | - | - | - | - | - | - | - |
| Income Tax | $211.0K | $200.0K | - | $14.01M | $3.52M | ($398.0K) | - | ($222.0K) | $1.31M |
| Net Income | ($23.73M) | ($22.65M) | - | ($60.01M) | ($34.93M) | $2.51M | - | ($130.19M) | ($30.52M) |
| EPS - Basic | ($0.24) | ($0.23) | - | ($1.52) | ($0.36) | ($1.26) | - | - | - |
| EPS - Diluted | ($0.24) | ($0.23) | - | ($0.62) | ($1.04) | $0.03 | - | - | - |
Balance Sheet
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $34.45M | $53.73M | $5.26M | $16.68M | $8.48M | $13.99M | $42.00M | $52.62M | $4.83M |
| Accounts Receivable | $5.13M | $4.10M | $9.93M | $33.94M | $40.38M | $45.20M | $27.79M | $15.33M | $12.68M |
| Inventory | $43.53M | $43.06M | $42.50M | $53.74M | $36.25M | $16.62M | $12.30M | $17.25M | $6.38M |
| Accounts Payable | $15.85M | $18.00M | $21.77M | $21.50M | $22.57M | $10.26M | $4.78M | $8.07M | - |
| Current Assets | $98.73M | $116.15M | $75.44M | $135.31M | $131.48M | $131.74M | $108.64M | $105.06M | $53.11M |
| Total Assets | $159.09M | $180.08M | $142.71M | $226.03M | $246.06M | $236.62M | $203.89M | $166.62M | $78.52M |
| Current Liabilities | $65.01M | $69.11M | $72.56M | $84.15M | $71.01M | $61.29M | $53.63M | $45.18M | $48.21M |
| Long-term Debt | $128.11M | $125.06M | $88.34M | $88.35M | $61.60M | $31.60M | $0 | - | $248.35M |
| Total Liabilities | $244.86M | $242.88M | $185.62M | $183.60M | $150.19M | $110.47M | $73.62M | $55.71M | $320.06M |
| Stockholders' Equity | ($85.77M) | ($62.80M) | ($42.91M) | $42.43M | $95.87M | $126.15M | $130.27M | ($144.68M) | ($147.25M) |
| Retained Earnings | ($594.49M) | ($570.76M) | ($548.11M) | ($450.99M) | ($390.98M) | ($356.05M) | ($358.56M) | ($373.41M) | ($243.22M) |
Cash Flow
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | ($11.00M) | - | - | - | ($44.99M) | - | - | - |
| Investing Cash Flow | - | ($646.0K) | - | - | - | ($3.41M) | - | - | - |
| Financing Cash Flow | - | $61.02M | - | - | - | ($1.31M) | - | - | - |
| CapEx | - | $600.0K | - | - | - | $67.0K | - | - | - |
| Free Cash Flow | - | ($11.60M) | - | - | - | ($45.06M) | - | - | - |
Ratios
| Metric | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||
| Gross margin | 71.7% | 66.7% | - | 67.9% | 65.5% | 75.7% | - | 90.8% | 75.7% |
| Operating margin | -91.1% | -112.5% | - | -116.0% | -110.4% | 11.5% | - | -412.3% | 32.0% |
| EBITDA margin | -89.4% | -110.6% | - | -114.9% | -109.4% | 12.1% | - | - | - |
| Net margin | -139.3% | -128.9% | - | -204.6% | -116.3% | 5.0% | - | -592.8% | -174.8% |
| Free cash flow margin | - | -66.0% | - | - | - | -90.1% | - | - | - |
| FCF / Net income | - | 0.51 | - | - | - | -17.94 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 162.8% | 179.2% | - | 183.8% | 175.9% | 64.2% | - | 46.0% | 106.3% |
| Effective tax rate | - | - | - | - | - | -18.8% | - | - | - |
| Return on assets | -14.9% | -12.6% | - | -26.6% | -14.2% | 1.1% | - | -78.1% | -38.9% |
| Return on equity | 27.7% | 36.1% | - | -141.4% | -36.4% | 2.0% | - | 90.0% | 20.7% |
| Return on invested capital | -29.0% | -25.1% | - | -20.5% | -16.6% | 3.6% | - | - | 4.4% |
| Liquidity | |||||||||
| Current ratio | 1.52 | 1.68 | 1.04 | 1.61 | 1.85 | 2.15 | 2.03 | 2.33 | 1.10 |
| Quick ratio | 0.85 | 1.06 | 0.45 | 0.97 | 1.34 | 1.88 | 1.80 | 1.94 | 0.97 |
| Cash ratio | 0.53 | 0.78 | 0.07 | 0.20 | 0.12 | 0.23 | 0.78 | 1.16 | 0.10 |
| Leverage | |||||||||
| Debt / Equity | -1.49 | -1.99 | -2.06 | 2.08 | 0.64 | 0.25 | 0.00 | - | -1.69 |
| Debt / Assets | 0.81 | 0.69 | 0.62 | 0.39 | 0.25 | 0.13 | 0.00 | - | 3.16 |
| Debt / EBITDA | - | - | - | - | - | 5.24 | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -1.85 | -2.87 | -3.33 | 5.33 | 2.57 | 1.88 | 1.57 | -1.15 | -0.53 |
| Liabilities / Assets | 1.54 | 1.35 | 1.30 | 0.81 | 0.61 | 0.47 | 0.36 | 0.33 | 4.08 |
| Efficiency | |||||||||
| Asset turnover | 0.11 | 0.10 | - | 0.13 | 0.12 | 0.21 | - | 0.13 | 0.22 |
| Inventory turnover | 0.11 | 0.14 | - | 0.13 | 0.14 | 0.73 | - | 0.42 | 0.82 |
| Days sales outstanding | 110d | 85d | - | 422d | 491d | 330d | - | 255d | 265d |
| Days inventory outstanding | 3295d | 2686d | - | 2710d | 2544d | 498d | - | 870d | 448d |
| Days payable outstanding | 1200d | 1122d | - | 1084d | 1584d | 307d | - | 407d | - |
| Cash conversion cycle | 2205d | 1648d | - | 2049d | 1451d | 521d | - | 718d | - |
| Valuation | |||||||||
| P / E | - | - | - | - | - | 356.7x | - | - | - |
| P / B | - | - | - | 6.2x | 3.9x | 2.5x | - | - | - |
| P / S | 2.9x | 6.4x | - | 9.0x | 12.6x | 6.3x | - | - | - |
| EV / EBITDA | - | - | - | - | - | 54.9x | - | - | - |
| Growth | |||||||||
| Revenue growth (YoY) | -43.3% | -64.8% | - | 33.5% | 72.0% | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -37.9% | -69.0% | - | -0.2% | 48.8% | - | - | - | - |
| Operating income growth (YoY) | 53.2% | - | - | 62.4% | - | - | - | - | - |
| Net income growth (YoY) | 32.1% | - | - | 53.9% | -14.4% | - | - | - | - |
| EPS growth (YoY) | 76.9% | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | 74.3% | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | - | - | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2022-12-31.
Business segments
$104.42M totalUnited States Segment$65.42M · 62.6%
Rest Of World Segment$22.89M · 21.9%
Australia Segment$16.12M · 15.4%
Product / service
$12.89M totalFranchise$9.31M · 72.3%
Product$3.48M · 27.0%
Franchise Equipment And Merchandise$100.0K · 0.8%
Peer comparison
Same SIC group: Wholesale-Professional & Commercial Equipment & Supplies
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| SITE | $4.70B | 3.2% | 9.1% |
Comparing F45 Training Holdings Inc. against the 1 most active filer in the same SIC group.