|
Total revenue, net
|
|
$129.1m
|
$106.6m
|
$155.1m
|
$245.0m
|
$318.7m
|
$320.3m
|
$314.9m
|
|
Total operating costs and expenses
|
|
$150.2m
|
$98.8m
|
$185.9m
|
$229.8m
|
$279.0m
|
$374.0m
|
$295.0m
|
|
Operating income (loss)
|
|
($21.1m)
|
$7.8m
|
($30.8m)
|
$15.1m
|
$39.7m
|
($53.6m)
|
$19.8m
|
|
Impairment of goodwill and other noncurrent assets
|
|
—
|
—
|
$781k
|
$3.7m
|
$16.7m
|
$62.6m
|
$32.7m
|
|
Depreciation and amortization
|
|
$6.4m
|
$7.7m
|
$10.2m
|
$15.3m
|
$16.9m
|
$17.7m
|
$12.0m
|
|
Interest income
|
|
($168k)
|
($345k)
|
($1.2m)
|
($1.8m)
|
($1.6m)
|
($1.8m)
|
($3.2m)
|
|
Other income
|
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($1.1m)
|
|
Loss on debt extinguishment
|
|
—
|
$0
|
($3.7m)
|
$0
|
$0
|
$0
|
$27.3m
|
|
Loss before income taxes
|
|
($37.0m)
|
($13.3m)
|
($50.7m)
|
$3.4m
|
($642k)
|
($99.0m)
|
($52.3m)
|
|
Income taxes (benefit)
|
|
$164k
|
$369k
|
$783k
|
$526k
|
$1.1m
|
($342k)
|
$1.3m
|
|
Net loss
|
|
($37.1m)
|
($13.6m)
|
($51.4m)
|
$2.9m
|
($1.7m)
|
($98.7m)
|
($53.7m)
|
|
Less: net loss attributable to noncontrolling interests
|
|
—
|
—
|
($32.6m)
|
$945k
|
($810k)
|
($31.0m)
|
($15.0m)
|
|
Net loss attributable to Xponential Fitness, Inc.
|
|
($37.1m)
|
($13.6m)
|
($18.8m)
|
$1.9m
|
($903k)
|
($67.7m)
|
($38.7m)
|
|
Basic
|
|
—
|
—
|
($0.84)
|
$0.08
|
($0.03)
|
($2.11)
|
($1.11)
|
|
Diluted
|
|
—
|
—
|
($0.84)
|
$0.08
|
($0.02)
|
($2.11)
|
($1.11)
|
|
Costs of revenue
|
|
$47.1m
|
$34.1m
|
$41.3m
|
$65.7m
|
$73.9m
|
$81.3m
|
$64.7m
|
|
Selling, general and administrative expenses (Note 9)
|
|
$80.5m
|
$60.9m
|
$94.8m
|
$129.1m
|
$166.8m
|
$176.9m
|
$152.0m
|
|
Marketing fund expense
|
|
$8.2m
|
$7.1m
|
$13.0m
|
$17.3m
|
$22.7m
|
$26.7m
|
$40.5m
|
|
Acquisition and transaction (income) expense
|
|
$7.9m
|
($11.0m)
|
$26.6m
|
$2.4m
|
($18.0m)
|
$8.9m
|
($6.9m)
|
|
Interest expense
|
|
$16.1m
|
$21.4m
|
$24.7m
|
$13.0m
|
$38.7m
|
$46.2m
|
$49.2m
|
|
Tax receivable agreement expense (benefit)
|
|
—
|
—
|
—
|
—
|
$3.2m
|
$998k
|
($11k)
|
|
Total other expense
|
|
$15.9m
|
$21.1m
|
$19.8m
|
$11.7m
|
$40.3m
|
$45.4m
|
$72.2m
|