Here Group vs Xponential Fitness
Xponential Fitness is the larger business, with $315m of revenue in fiscal 2025 against $85.4m for Here Group (3.7 times as much). Here Group grew faster (836.1% against -1.7%). Here Group kept more of each dollar of sales as profit: a net margin of 10.5% against -12.3%.
| Latest fiscal year | Here GroupHERE, 2026 | Xponential FitnessXPOF, 2025 |
|---|---|---|
| Revenue | $85.4m | $315m |
| Revenue growth | 836.1% | -1.7% |
| Net income | $8.9m | −$38.7m |
| Operating margin | -49.3% | 6.3% |
| Net margin | 10.5% | -12.3% |
| Return on equity | 8.7% | — |
| Free cash flow | −$23.2m | $24.7m |
| Cash | $63.5m | $45.9m |
| Total debt | $0 | $525m |
| Debt to equity | 0.0% | — |
| Dividend per share | — | — |
| Dividend yield | 13.6% | — |
| Share buybacks | — | $0 |
| Employees | — | 340 |
| Market value | $79.6m | $201m |
| Price vs our value range | Below our value range | — |
| Moat score | — | 11 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 17 buys, 0 sales |