Xponential Fitness Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	315.14	320.35	317.94	243.2	155.08	106.59
Revenue Growth (YoY)	-3.51%	0.76%	30.73%	56.82%	45.49%	-17.45%
Cost of Revenue	100.65	107.84	98.62	82.19	54.31	41.22
Gross Profit	214.48	212.5	219.32	161.01	100.77	65.37
Selling, General & Admin	115.88	121.81	148.53	115.98	87.97	58.5
Operating Expenses	130.03	139.52	165.42	131.29	98.15	66.15
Operating Income	84.46	72.98	53.91	29.72	2.62	-0.78
Interest Expense	-48.89	-46.25	-38.73	-13.02	-24.71	-21.41
Interest & Investment Income	3.01	1.82	1.61	1.81	1.16	0.35
Other Non Operating Income (Expenses)	-0.28	-1	-3.19	-0.52	-	-
EBT Excluding Unusual Items	38.29	27.56	13.59	17.98	-20.92	-21.84
Merger & Restructuring Charges	-12.81	-38.48	4.5	-2.44	-26.62	10.99
Impairment of Goodwill	-51.37	-37.81	-4.17	-3.38	-	-
Asset Writedown	-17.73	-17.73	-12.49	-0.28	-0.78	-
Legal Settlements	-26.4	-32.58	-6.84	-10.3	-8.31	-2.42
Other Unusual Items	-	-	-	-	5.98	-
Pretax Income	-70.01	-99.04	-5.41	1.59	-50.66	-13.27
Income Tax Expense	0.51	-0.34	1.03	0.49	0.78	0.37
Earnings From Continuing Operations	-70.51	-98.7	-6.44	1.1	-51.44	-13.64
Minority Interest in Earnings	21.21	31.04	2.44	0.11	32.61	-
Net Income	-49.31	-67.66	-4	1.22	-18.83	-13.64
Preferred Dividends & Other Adjustments	5.35	5.1	-38.42	23.56	44.93	-
Net Income to Common	-54.66	-72.76	34.42	-22.34	-63.76	-13.64
Shares Outstanding (Basic)	34	32	32	25	22	-
Shares Outstanding (Diluted)	34	32	40	25	22	-
Shares Change (YoY)	8.64%	-19.41%	56.97%	12.91%	-	-
EPS (Basic)	-1.60	-2.27	1.08	-0.88	-2.85	-
EPS (Diluted)	-1.60	-2.27	-0.52	-0.88	-2.85	-
Free Cash Flow	15.45	6.96	25.12	43.11	10.36	-3.76
Free Cash Flow Per Share	0.45	0.22	0.63	1.70	0.46	-
Gross Margin	68.06%	66.33%	68.98%	66.20%	64.98%	61.33%
Operating Margin	26.80%	22.78%	16.96%	12.22%	1.69%	-0.73%
Profit Margin	-17.34%	-22.71%	10.83%	-9.19%	-41.11%	-12.80%
Free Cash Flow Margin	4.90%	2.17%	7.90%	17.73%	6.68%	-3.53%
EBITDA	98.6	90.69	70.79	45.03	12.8	6.88
EBITDA Margin	31.29%	28.31%	22.26%	18.52%	8.25%	6.45%
D&A For EBITDA	14.14	17.71	16.88	15.32	10.17	7.65
EBIT	84.46	72.98	53.91	29.72	2.62	-0.78
EBIT Margin	26.80%	22.78%	16.96%	12.22%	1.69%	-0.73%
Effective Tax Rate	-	-	-	30.71%	-	-
Revenue as Reported	315.14	320.35	317.94	243.2	155.08	106.59
Advertising Expenses	-	5.32	9.25	7.69	6.89	5.41

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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