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 | FY 2022 | FY 2021 |
|---|---|---|
| Revenue | $104.42M | $82.31M |
| Cost of Revenue | $32.58M | $29.65M |
| Gross Profit | $71.85M | $52.66M |
| R&D | - | - |
| SG&A | $191.38M | $57.83M |
| Total Operating Expenses | $251.30M | $87.48M |
| D&A | $1.31M | $371.0K |
| Operating Income | ($146.87M) | ($5.16M) |
| Interest Expense | - | - |
| Income Tax | $22.36M | $3.06M |
| Net Income | ($178.80M) | ($25.29M) |
| EPS - Basic | ($1.86) | ($0.50) |
| EPS - Diluted | ($1.86) | ($0.50) |
Balance Sheet
| Line item | FY 2022 | FY 2021 |
|---|---|---|
| Cash & Equivalents | $5.26M | $42.00M |
| Accounts Receivable | $9.93M | $27.79M |
| Inventory | $42.50M | $12.30M |
| Accounts Payable | $21.77M | $4.78M |
| Current Assets | $75.44M | $108.64M |
| Total Assets | $142.71M | $203.89M |
| Current Liabilities | $72.56M | $53.63M |
| Long-term Debt | $88.34M | $0 |
| Total Liabilities | $185.62M | $73.62M |
| Stockholders' Equity | ($42.91M) | $130.27M |
| Retained Earnings | ($548.11M) | ($358.56M) |
Cash Flow
| Line item | FY 2022 | FY 2021 |
|---|---|---|
| Operating Cash Flow | ($98.03M) | ($19.82M) |
| Investing Cash Flow | ($10.69M) | ($1.54M) |
| Financing Cash Flow | $73.11M | $42.55M |
| CapEx | $6.52M | $469.0K |
| Free Cash Flow | ($104.55M) | ($20.29M) |
Ratios
| Metric | FY 2022 | FY 2021 |
|---|---|---|
| Profitability | ||
| Gross margin | 68.8% | 64.0% |
| Operating margin | -140.7% | -6.3% |
| EBITDA margin | -139.4% | -5.8% |
| Net margin | -171.2% | -30.7% |
| Free cash flow margin | -100.1% | -24.7% |
| FCF / Net income | 0.58 | 0.80 |
| R&D / Revenue | - | - |
| SG&A / Revenue | 183.3% | 70.3% |
| Effective tax rate | - | - |
| Return on assets | -125.3% | -12.4% |
| Return on equity | 416.7% | -19.4% |
| Return on invested capital | -255.4% | -3.1% |
| Liquidity | ||
| Current ratio | 1.04 | 2.03 |
| Quick ratio | 0.45 | 1.80 |
| Cash ratio | 0.07 | 0.78 |
| Leverage | ||
| Debt / Equity | -2.06 | 0.00 |
| Debt / Assets | 0.62 | 0.00 |
| Debt / EBITDA | - | - |
| Interest coverage | - | - |
| Equity multiplier | -3.33 | 1.57 |
| Liabilities / Assets | 1.30 | 0.36 |
| Efficiency | ||
| Asset turnover | 0.73 | 0.40 |
| Inventory turnover | 0.77 | 2.41 |
| Days sales outstanding | 35d | 123d |
| Days inventory outstanding | 476d | 151d |
| Days payable outstanding | 244d | 59d |
| Cash conversion cycle | 267d | 216d |
| Valuation | ||
| P / E | - | - |
| P / B | - | 4.2x |
| P / S | 2.6x | 6.7x |
| EV / EBITDA | - | - |
| Growth | ||
| Revenue growth (YoY) | 26.9% | - |
| Revenue CAGR (3y) | - | - |
| Revenue CAGR (5y) | - | - |
| Gross profit growth (YoY) | 36.4% | - |
| Operating income growth (YoY) | -2744.2% | - |
| Net income growth (YoY) | -607.0% | - |
| EPS growth (YoY) | -272.0% | - |
| EPS CAGR (3y) | - | - |
| EPS CAGR (5y) | - | - |
| FCF growth (YoY) | -415.2% | - |
| 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%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
-5.80
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2022 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
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.