XPOF · Xponential Fitness, 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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $60.71M | - | $78.82M | $76.21M | $76.88M | - | $80.49M | $76.52M | $79.52M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $30.04M | - | $24.66M | $24.08M | $45.55M | - | $46.16M | $36.99M | $37.16M | - |
| Total Operating Expenses | $47.67M | - | $75.26M | $61.38M | $67.20M | - | $86.92M | $78.92M | $72.13M | - |
| D&A | $2.25M | - | $3.68M | $2.97M | $2.96M | - | $4.23M | $4.52M | $4.44M | - |
| Operating Income | $13.04M | - | $3.57M | $14.82M | $9.68M | - | ($6.43M) | ($2.41M) | $7.39M | - |
| Interest Expense | $14.49M | - | $12.92M | $12.97M | $11.39M | - | $11.84M | $11.26M | $11.54M | - |
| Income Tax | $6.0K | - | $266.0K | $312.0K | $485.0K | - | $131.0K | $132.0K | ($47.0K) | - |
| Net Income | ($725.0K) | - | ($4.86M) | $969.0K | ($1.92M) | - | ($12.00M) | ($9.10M) | ($2.87M) | - |
| EPS - Basic | ($0.02) | - | ($0.18) | ($0.01) | ($0.10) | - | ($0.29) | ($0.29) | ($0.30) | - |
| EPS - Diluted | ($0.02) | - | ($0.18) | ($0.01) | ($0.10) | - | ($0.29) | ($0.29) | ($0.30) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $21.47M | $45.86M | $41.46M | $38.68M | $42.57M | $32.74M | $37.77M | $26.02M | $27.22M | $37.09M |
| Accounts Receivable | $20.84M | $18.45M | $18.64M | $36.70M | $28.86M | $31.69M | $29.55M | $29.77M | $32.24M | $32.75M |
| Inventory | $2.50M | $2.22M | $5.66M | $7.39M | $8.32M | $10.02M | $10.61M | $13.27M | $15.27M | $14.72M |
| Accounts Payable | $18.09M | $26.28M | $15.59M | $23.07M | $27.65M | $27.01M | $21.30M | $22.69M | $25.00M | $19.12M |
| Current Assets | $74.99M | $94.65M | $99.22M | $102.69M | $100.11M | $84.15M | $95.58M | $85.72M | $87.79M | $97.25M |
| Total Assets | $322.40M | $345.63M | $355.30M | $399.81M | $412.45M | $403.40M | $472.18M | $475.24M | $508.44M | $528.70M |
| Current Liabilities | $99.02M | $115.97M | $93.23M | $112.89M | $122.90M | $107.89M | $94.14M | $91.83M | $92.39M | $92.31M |
| Long-term Debt | $500.00M | $500.50M | $348.95M | $352.55M | $351.56M | $341.74M | $342.04M | $318.45M | $318.81M | $319.26M |
| Total Liabilities | $694.38M | $717.59M | $559.00M | $596.17M | $609.35M | $597.40M | $595.51M | $575.99M | $599.93M | $616.83M |
| Stockholders' Equity | ($316.32M) | ($269.08M) | ($230.37M) | ($224.97M) | ($225.20M) | ($216.57M) | ($155.71M) | ($151.94M) | ($144.44M) | ($125.25M) |
| Retained Earnings | ($741.25M) | ($740.52M) | ($707.65M) | ($702.79M) | ($703.76M) | ($701.84M) | ($654.10M) | ($642.10M) | ($632.99M) | ($630.13M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($21.69M) | - | - | - | $5.82M | - | - | - | $2.69M | - |
| Investing Cash Flow | ($621.0K) | - | - | - | ($997.0K) | - | - | - | ($9.20M) | - |
| Financing Cash Flow | ($2.08M) | - | - | - | $5.01M | - | - | - | ($3.37M) | - |
| CapEx | $464.0K | - | - | - | $465.0K | - | - | - | $855.0K | - |
| Free Cash Flow | ($22.15M) | - | - | - | $5.35M | - | - | - | $1.84M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 21.5% | - | 4.5% | 19.5% | 12.6% | - | -8.0% | -3.1% | 9.3% | - |
| EBITDA margin | 25.2% | - | 9.2% | 23.4% | 16.4% | - | -2.7% | 2.8% | 14.9% | - |
| Net margin | -1.2% | - | -6.2% | 1.3% | -2.5% | - | -14.9% | -11.9% | -3.6% | - |
| Free cash flow margin | -36.5% | - | - | - | 7.0% | - | - | - | 2.3% | - |
| FCF / Net income | 30.56 | - | - | - | -2.78 | - | - | - | -0.64 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 49.5% | - | 31.3% | 31.6% | 59.2% | - | 57.4% | 48.3% | 46.7% | - |
| Effective tax rate | - | - | - | 24.4% | - | - | - | - | - | - |
| Return on assets | -0.2% | - | -1.4% | 0.2% | -0.5% | - | -2.5% | -1.9% | -0.6% | - |
| Return on equity | 0.2% | - | 2.1% | -0.4% | 0.9% | - | 7.7% | 6.0% | 2.0% | - |
| Return on invested capital | 5.6% | - | 2.4% | 8.8% | 6.1% | - | -2.7% | -1.1% | 3.3% | - |
| Liquidity | ||||||||||
| Current ratio | 0.76 | 0.82 | 1.06 | 0.91 | 0.81 | 0.78 | 1.02 | 0.93 | 0.95 | 1.05 |
| Quick ratio | 0.73 | 0.80 | 1.00 | 0.84 | 0.75 | 0.69 | 0.90 | 0.79 | 0.78 | 0.89 |
| Cash ratio | 0.22 | 0.40 | 0.44 | 0.34 | 0.35 | 0.30 | 0.40 | 0.28 | 0.29 | 0.40 |
| Leverage | ||||||||||
| Debt / Equity | -1.58 | -1.86 | -1.51 | -1.57 | -1.56 | -1.58 | -2.20 | -2.10 | -2.21 | -2.55 |
| Debt / Assets | 1.55 | 1.45 | 0.98 | 0.88 | 0.85 | 0.85 | 0.72 | 0.67 | 0.63 | 0.60 |
| Debt / EBITDA | 32.69 | - | 48.16 | 19.81 | 27.82 | - | - | 151.00 | 26.96 | - |
| Interest coverage | 0.9x | - | 0.3x | 1.1x | 0.8x | - | -0.5x | -0.2x | 0.6x | - |
| Equity multiplier | -1.02 | -1.28 | -1.54 | -1.78 | -1.83 | -1.86 | -3.03 | -3.13 | -3.52 | -4.22 |
| Liabilities / Assets | 2.15 | 2.08 | 1.57 | 1.49 | 1.48 | 1.48 | 1.26 | 1.21 | 1.18 | 1.17 |
| Efficiency | ||||||||||
| Asset turnover | 0.19 | - | 0.22 | 0.19 | 0.19 | - | 0.17 | 0.16 | 0.16 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 125d | - | 86d | 176d | 137d | - | 134d | 142d | 148d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | 3.7x | - | 3.5x | 3.4x | 3.7x | - | 5.0x | 6.5x | 6.5x | - |
| EV / EBITDA | 46.0x | - | 80.2x | 32.4x | 46.8x | - | - | 373.9x | 68.2x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -21.0% | - | -2.1% | -0.4% | -3.3% | - | 0.1% | -1.1% | 12.5% | - |
| Revenue CAGR (3y) | -4.9% | - | 7.3% | 8.6% | 15.1% | - | 46.6% | 28.8% | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 34.8% | - | - | - | 31.0% | - | - | - | - | - |
| Net income growth (YoY) | 62.3% | - | 59.5% | - | 32.9% | - | -254.8% | - | 71.3% | - |
| EPS growth (YoY) | 80.0% | - | 37.9% | 96.6% | 66.7% | - | 42.0% | - | 78.3% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | 190.9% | - | - | - | -80.1% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -40.5% | -24.2% | -47.9% | -48.1% | -55.9% | -72.9% | -12.6% | 4.1% | 35.2% | 19.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$314.88M totalFranchise$192.64M · 61.2%
Franchise Marketing Fund Revenue$36.47M · 11.6%
Equipment Revenue$35.02M · 11.1%
Service Other$26.84M · 8.5%
Merchandise Revenue$23.91M · 7.6%
Peer comparison
Same SIC group: Services-Miscellaneous Amusement & Recreation
Comparing Xponential Fitness against the 5 most active filers in the same SIC group.