CoverageForm 410-K10-Q8-K13D13G13F

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.

Price · FXLV

Income Statement

Line itemFY 2022FY 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 itemFY 2022FY 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 itemFY 2022FY 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

MetricFY 2022FY 2021
Profitability
Gross margin68.8%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 income0.580.80
R&D / Revenue--
SG&A / Revenue183.3%70.3%
Effective tax rate--
Return on assets-125.3%-12.4%
Return on equity416.7%-19.4%
Return on invested capital-255.4%-3.1%
Liquidity
Current ratio1.042.03
Quick ratio0.451.80
Cash ratio0.070.78
Leverage
Debt / Equity-2.060.00
Debt / Assets0.620.00
Debt / EBITDA--
Interest coverage--
Equity multiplier-3.331.57
Liabilities / Assets1.300.36
Efficiency
Asset turnover0.730.40
Inventory turnover0.772.41
Days sales outstanding35d123d
Days inventory outstanding476d151d
Days payable outstanding244d59d
Cash conversion cycle267d216d
Valuation
P / E--
P / B-4.2x
P / S2.6x6.7x
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 total
United States Segment$65.42M · 62.6%
Rest Of World Segment$22.89M · 21.9%
Australia Segment$16.12M · 15.4%

Product / service

$12.89M total
Franchise$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

CompanyRevenue (last FY)Net marginROE
SITE$4.70B3.2%9.1%

Comparing F45 Training Holdings Inc. against the 1 most active filer in the same SIC group.