|
Cash, cash equivalents and restricted cash
|
|
$11.3m
|
$21.3m
|
$37.4m
|
$37.1m
|
$32.7m
|
$45.9m
|
|
Accounts receivable, net
|
|
$5.2m
|
$11.7m
|
$25.6m
|
$32.8m
|
$31.7m
|
$18.4m
|
|
Inventories
|
|
$6.2m
|
$6.9m
|
$10.9m
|
$14.7m
|
$10.0m
|
$2.2m
|
|
Prepaid expenses and other current assets
|
|
$5.5m
|
$5.3m
|
$6.3m
|
$5.9m
|
$4.9m
|
$24.2m
|
|
Notes receivable, net
|
|
—
|
—
|
—
|
—
|
$232k
|
$290k
|
|
Receivable from shareholder (Note 9)
|
|
($1.5m)
|
($10.6m)
|
($16.4m)
|
($15.4m)
|
($16.9m)
|
($16.6m)
|
|
Total current assets
|
|
$32.7m
|
$51.2m
|
$85.7m
|
$97.2m
|
$84.1m
|
$94.6m
|
|
Property and equipment, net
|
|
$13.7m
|
$12.8m
|
$18.5m
|
$19.5m
|
$14.7m
|
$10.9m
|
|
Goodwill
|
|
$139.7m
|
$169.1m
|
$165.7m
|
$171.6m
|
$135.2m
|
$127.8m
|
|
Intangible assets, net
|
|
$98.1m
|
$136.9m
|
$137.2m
|
$120.1m
|
$100.9m
|
$66.5m
|
|
Right-of-use assets
|
|
—
|
$0
|
$30.1m
|
$71.4m
|
$24.0m
|
$13.7m
|
|
Other assets
|
|
$614k
|
$553k
|
$795k
|
$1.4m
|
$4.4m
|
$7.2m
|
|
Deferred costs, current portion
|
|
$3.3m
|
$3.7m
|
$4.1m
|
$6.6m
|
$4.6m
|
$3.7m
|
|
Deferred costs, net of current portion
|
|
$35.4m
|
$42.0m
|
$43.6m
|
$46.5m
|
$39.9m
|
$24.9m
|
|
Notes receivable from franchisees, net of current portion
|
|
$2.6m
|
$3.0m
|
$1.1m
|
$802k
|
$100k
|
$0
|
|
Other current liabilities
|
|
$1.8m
|
$3.3m
|
$9.3m
|
$19.7m
|
$18.2m
|
$13.9m
|
|
Contingent consideration from acquisitions (Note 16)
|
|
$8.4m
|
$54.9m
|
$28.2m
|
$8.7m
|
$17.7m
|
$10.3m
|
|
Lease liabilities, net of current portion
|
|
—
|
$0
|
$30.6m
|
$70.1m
|
$23.9m
|
$14.2m
|
|
Other liabilities
|
|
$4.4m
|
$4.7m
|
$8.6m
|
$9.2m
|
$251k
|
$7.0m
|
|
Total stockholders' deficit attributable to Xponential Fitness, Inc.
|
|
$4.7m
|
($654.4m)
|
($154.8m)
|
($125.2m)
|
($216.6m)
|
($269.1m)
|
|
Total stockholders' deficit
|
|
$4.7m
|
($210.5m)
|
($208.1m)
|
($202.8m)
|
($310.8m)
|
($372.0m)
|
|
Total assets
|
|
$322.8m
|
$415.5m
|
$482.7m
|
$528.7m
|
$403.4m
|
$345.6m
|
|
Accounts payable
|
|
$18.3m
|
$14.9m
|
$16.2m
|
$19.1m
|
$27.0m
|
$26.3m
|
|
Accrued expenses
|
|
$13.8m
|
$21.0m
|
$12.3m
|
$14.1m
|
$31.3m
|
$51.2m
|
|
Deferred revenue, current portion
|
|
$14.2m
|
$22.7m
|
$32.0m
|
$34.7m
|
$25.9m
|
$19.3m
|
|
Current portion of long-term debt
|
|
$5.8m
|
$3.0m
|
$3.0m
|
$4.8m
|
$5.4m
|
$5.2m
|
|
Deferred revenue, net of current portion
|
|
$74.4m
|
$95.7m
|
$109.5m
|
$117.3m
|
$105.9m
|
$69.6m
|
|
Long-term debt, net of current portion, discount and issuance costs
|
|
$176.0m
|
$128.0m
|
$133.0m
|
$319.3m
|
$341.7m
|
$500.5m
|
|
Total current liabilities
|
|
$54.9m
|
$65.9m
|
$72.8m
|
$92.3m
|
$107.9m
|
$116.0m
|
|
Total liabilities
|
|
$318.1m
|
$349.1m
|
$382.7m
|
$616.8m
|
$597.4m
|
$717.6m
|
|
Redeemable convertible preferred stock, $0.0001 par value, 400 shares authorized, none and 115 shares issued and outstanding as of December 31, 2025 and December 31, 2024
|
|
—
|
276.9m
|
308.1m
|
114.7m
|
116.8m
|
0
|
|
Undesignated preferred stock, $0.0001 par value, 4,600 shares authorized, none issued and outstanding as of December 31, 2025 and December 31,2024
|
|
—
|
0
|
0
|
0
|
0
|
0
|
|
Common stock
|
|
—
|
$4k
|
$5k
|
$5k
|
$4k
|
$4k
|
|
Additional paid-in capital
|
|
—
|
$0
|
$505.2m
|
$522.0m
|
$503.9m
|
$489.7m
|
|
Accumulated deficit
|
|
($107.5m)
|
($643.8m)
|
($641.9m)
|
($630.1m)
|
($701.8m)
|
($740.5m)
|
|
Treasury stock, at cost, 75 shares outstanding as of December 31, 2025 and December 31, 2024
|
|
—
|
0
|
(1.7m)
|
(1.7m)
|
(1.7m)
|
(1.7m)
|
|
Noncontrolling interests
|
|
—
|
$444.0m
|
($53.3m)
|
($77.5m)
|
($94.2m)
|
($102.9m)
|
|
Total liabilities, redeemable convertible preferred stock and stockholders' deficit
|
|
$322.8m
|
$415.5m
|
$482.7m
|
$528.7m
|
$403.4m
|
$345.6m
|