Xponential Fitness, Inc. income statement
In fiscal 2025, Xponential Fitness, Inc. reported revenue of $315m, down 1.7% on the year before, operating income of $19.8m (a 6.3% margin) and net income of −$38.7m, or −$1.47 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 129 | 107 | 155 | 243 | 318 | 320 | 315 | 288 |
| Cost of revenue | — | — | — | 46 | — | — | — | — |
| Gross profit | — | — | — | 197 | — | — | — | — |
| Selling, general and administrative | 80 | 61 | 94 | 126 | 169 | 177 | 152 | 144 |
| Operating income | −21 | 8 | −31 | 13 | 35 | −54 | 20 | 18 |
| Interest expense | 16 | 21 | 25 | 13 | 39 | 46 | 49 | 54 |
| Provision for credit losses | 2 | 3 | 0 | −1 | 2 | 3 | 3 | 2 |
| Income before tax | −37 | −13 | −51 | 2 | −5 | −99 | −52 | −57 |
| Income tax | 0 | 0 | 1 | 0 | 1 | −0 | 1 | 1 |
| Net income | −37 | −14 | −19 | 1 | −4 | −68 | −39 | −43 |
| Diluted EPS | — | — | −$2.85 | −$0.88 | −$0.52 | −$2.27 | −$1.47 | −$1.14 |
| Diluted shares (average) | — | — | 22m | 25m | 40m | 32m | 35m | 37m |
| EBITDA | −15 | 15 | −21 | 29 | 52 | −36 | 32 | 28 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 81 | 83 | 77 | 76 | 79 | 83 | 61 | 66 |
| Selling, general and administrative | 46 | 57 | 46 | 24 | 25 | 58 | 30 | 32 |
| Operating income | −7 | −52 | 10 | 15 | 4 | −8 | 13 | 10 |
| Interest expense | 12 | 12 | 11 | 13 | 13 | 12 | 14 | 15 |
| Provision for credit losses | 1 | 1 | 0 | 1 | 2 | 0 | 0 | −0 |
| Income before tax | −18 | −63 | −2 | 2 | −6 | −45 | −1 | −5 |
| Income tax | 0 | −1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −12 | −43 | −2 | 1 | −5 | −33 | −1 | −4 |
| Diluted EPS | −$0.29 | −$1.39 | −$0.10 | −$0.01 | −$0.18 | −$1.19 | −$0.02 | −$0.10 |
| EBITDA | −2 | −47 | 13 | 18 | 7 | −6 | 15 | 11 |
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