Xponential reported total revenue of $314.9 million for the year, a decline of $5.5 million (1.7%) versus the prior year driven primarily by lower equipment and merchandise sales. The company recorded a net loss of $53.7 million, or $(1.47) per Class A share (basic and diluted), an improvement from the prior-year net loss of $98.7 million. Operating income improved to $19.8 million, reflecting lower selling, general & administrative expenses and reduced impairments versus the prior year.
Financial Highlights
Total revenue, net: $314.9 million, down $5.5 million (1.7%) year-over-year, primarily from lower equipment & merchandise sales.Gross Profit: $272.5 million (implied by reported total revenue less costs of product revenue of $42.4 million), reflecting improved margin on product sales.Operating income (loss): $19.8 million, improved from $(53.6) million in the prior year, benefiting from lower SG&A and reduced impairments.Net loss: $(53.7) million, improved from $(98.7) million in the prior year after higher other expense (including debt extinguishment) impacts.Net loss per share of Class A common stock (Basic and Diluted): $(1.47).
Business Highlights
Revenue mix: Franchise revenue increased 10% year-over-year to $192.6 million, offsetting declines in equipment and merchandise that kept total revenue roughly flat.Studio footprint & AUV: Global studios grew to 3,097 locations with 341 openings during the period; North America last twelve months average unit volume (AUV) rose to $695, supporting recurring royalty streams.Portfolio focus: The company divested CycleBar, Rumble, and Lindora to concentrate resources on core Pilates, barre, stretch, and yoga brands and to boost operational focus.Cost actions & restructuring: Ongoing restructuring includes company-owned studio exits and lease negotiations targeting $13.5–$15.5 million in annualized savings, with remaining actions extending into 2026.Channel & retail strategy: Retail merchandising was outsourced to Fit Commerce; the company sold $4.5 million of inventory and secured an approximately $50 million commission arrangement over five years.
Original SEC Filing: Xponential Fitness, Inc. [ XPOF ] – 10-K – Mar. 03, 2026
Disclaimer
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.
