F45 Training Hldgs Inc Financials
This page shows F45 Training Hldgs Inc (FXLV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2022 annual data. Scores normalized against common benchmarks. How we calculate these scores
F45 Training Hldgs Inc has an operating margin of -140.7%, meaning the company retains $-141 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -76.5% the prior year.
F45 Training Hldgs Inc's revenue declined 16.6% year-over-year, from $125.2M to $104.4M. This contraction results in a growth score of 6/100.
F45 Training Hldgs Inc's current ratio of 1.04 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 16/100, which could limit financial flexibility.
While F45 Training Hldgs Inc generated -$98.0M in operating cash flow, capex of $6.5M consumed most of it, leaving -$104.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
F45 Training Hldgs Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, F45 Training Hldgs Inc generates $0.55 in operating cash flow (-$98.0M OCF vs -$178.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
F45 Training Hldgs Inc earns $-40.8 in operating income for every $1 of interest expense (-$146.9M vs $3.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
F45 Training Hldgs Inc generated $104.4M in revenue in fiscal year 2022. This represents a decrease of 16.6% from the prior year.
F45 Training Hldgs Inc's EBITDA was -$140.9M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 52.1% from the prior year.
F45 Training Hldgs Inc reported -$178.8M in net income in fiscal year 2022. This represents an increase of 7.6% from the prior year.
F45 Training Hldgs Inc earned $-1.86 per diluted share (EPS) in fiscal year 2022. This represents an increase of 42.1% from the prior year.
Cash & Balance Sheet
F45 Training Hldgs Inc generated -$104.5M in free cash flow in fiscal year 2022, representing cash available after capex. This represents a decrease of 152.1% from the prior year.
F45 Training Hldgs Inc held $5.3M in cash against $88.3M in long-term debt as of fiscal year 2022.
F45 Training Hldgs Inc had 97M shares outstanding in fiscal year 2022. This represents an increase of 6.8% from the prior year.
Margins & Returns
F45 Training Hldgs Inc's gross margin was 68.8% in fiscal year 2022, indicating the percentage of revenue retained after direct costs. This is up 0.8 percentage points from the prior year.
F45 Training Hldgs Inc's operating margin was -140.7% in fiscal year 2022, reflecting core business profitability. This is down 64.2 percentage points from the prior year.
F45 Training Hldgs Inc's net profit margin was -171.2% in fiscal year 2022, showing the share of revenue converted to profit. This is down 16.7 percentage points from the prior year.
Capital Allocation
F45 Training Hldgs Inc invested $6.5M in capex in fiscal year 2022, funding long-term assets and infrastructure. This represents an increase of 88.7% from the prior year.
FXLV Income Statement
| Metric | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $17.0M-3.1% | $17.6M-2.4% | $18.0M-38.6% | $29.3M+5.9% | $27.7M-5.7% | $29.4M-44.6% | $53.0M+95.1% | $27.2M |
| Cost of Revenue | $4.8M-17.6% | $5.9M+50.0% | $3.9M-58.6% | $9.4M-13.1% | $10.8M+28.7% | $8.4M-63.8% | $23.3M+221.3% | $7.2M |
| Gross Profit | $12.2M+4.1% | $11.7M-16.9% | $14.1M-29.1% | $19.9M+18.0% | $16.9M-19.6% | $21.0M-29.6% | $29.8M+49.3% | $19.9M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $27.7M-12.0% | $31.5M-41.0% | $53.4M-0.9% | $53.9M+3.8% | $51.9M+61.7% | $32.1M-8.3% | $35.0M-68.3% | $110.5M |
| Operating Income | -$15.5M+21.5% | -$19.8M+70.3% | -$66.7M-96.0% | -$34.0M+3.0% | -$35.1M-214.5% | -$11.1M-111.7% | -$5.3M+94.2% | -$90.6M |
| Interest Expense | $5.1M+59.4% | $3.2M+100.0% | $1.6M+33.3% | $1.2M+71.4% | $700K+600.0% | $100K-50.0% | $200K-99.5% | $42.1M |
| Income Tax | $211K+5.5% | $200K+101.6% | -$12.5M-189.5% | $14.0M-39.9% | $23.3M+1063.5% | -$2.4M+76.4% | -$10.2M-4510.8% | -$222K |
| Net Income | -$23.7M-4.7% | -$22.7M+57.1% | -$52.8M+12.0% | -$60.0M-6.2% | -$56.5M-496.1% | -$9.5M-331.3% | $4.1M+103.1% | -$130.2M |
| EPS (Diluted) | $-0.24-4.3% | $-0.23 | N/A | $-0.62-5.1% | $-0.59-490.0% | $-0.10 | N/A | $-1.52 |
FXLV Balance Sheet
| Metric | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $159.1M-11.7% | $180.1M+26.2% | $142.7M-36.9% | $226.0M-8.1% | $246.1M+4.0% | $236.6M+20.7% | $196.0M+17.6% | $166.6M |
| Current Assets | $98.7M-15.0% | $116.1M+53.9% | $75.4M-44.2% | $135.3M+2.9% | $131.5M-0.2% | $131.7M+29.5% | $101.7M-3.2% | $105.1M |
| Cash & Equivalents | $34.4M-35.9% | $53.7M+920.5% | $5.3M-68.4% | $16.7M+96.7% | $8.5M-39.4% | $14.0M-66.7% | $42.0M-20.2% | $52.6M |
| Inventory | $43.5M+1.1% | $43.1M+1.3% | $42.5M-20.9% | $53.7M+48.3% | $36.3M+118.1% | $16.6M+61.6% | $10.3M-40.4% | $17.3M |
| Accounts Receivable | $5.1M+25.1% | $4.1M-58.7% | $9.9M-70.7% | $33.9M-15.9% | $40.4M-10.7% | $45.2M+103.4% | $22.2M+45.0% | $15.3M |
| Goodwill | $2.1M-1.1% | $2.1M-1.6% | $2.1M-51.3% | $4.4M+0.4% | $4.4M-4.9% | $4.6M0.0% | $4.6M | N/A |
| Total Liabilities | $244.9M+0.8% | $242.9M+30.9% | $185.6M+1.1% | $183.6M+22.2% | $150.2M+36.0% | $110.5M+45.5% | $75.9M+36.3% | $55.7M |
| Current Liabilities | $65.0M-5.9% | $69.1M-4.8% | $72.6M-13.8% | $84.1M+18.5% | $71.0M+15.9% | $61.3M+10.8% | $55.3M+22.4% | $45.2M |
| Long-Term Debt | $128.1M+2.4% | $125.1M+41.6% | $88.3M0.0% | $88.4M+43.4% | $61.6M+94.9% | $31.6M | $0 | N/A |
| Total Equity | -$85.8M-36.6% | -$62.8M-46.3% | -$42.9M-201.1% | $42.4M-19.3% | $52.6M-49.5% | $104.1M-13.3% | $120.1M+8.3% | $110.9M |
| Retained Earnings | -$594.5M-4.2% | -$570.8M-4.1% | -$548.1M-21.5% | -$451.0M-15.3% | -$391.0M-9.8% | -$356.0M+3.6% | -$369.3M+1.1% | -$373.4M |
FXLV Cash Flow Statement
| Metric | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$17.9M-62.4% | -$11.0M-21.5% | -$9.1M+40.0% | -$15.1M+46.2% | -$28.1M+38.8% | -$45.8M-1303.4% | -$3.3M+88.0% | -$27.2M |
| Capital Expenditures | $80K-86.7% | $600K+37.3% | $437K-67.7% | $1.4M-48.3% | $2.6M+23.3% | $2.1M+6.4% | $2.0M+77.6% | $1.1M |
| Free Cash Flow | -$17.9M-54.7% | -$11.6M-22.2% | -$9.5M+42.3% | -$16.4M+46.4% | -$30.7M+36.0% | -$48.0M-812.5% | -$5.3M+81.4% | -$28.3M |
| Investing Cash Flow | -$274K+57.6% | -$646K+60.1% | -$1.6M+33.2% | -$2.4M+25.2% | -$3.2M+5.1% | -$3.4M+57.3% | -$8.0M+69.8% | -$26.5M |
| Financing Cash Flow | -$197K-100.3% | $61.0M+25632.2% | -$239K-101.0% | $23.2M-21.5% | $29.5M+43.4% | $20.6M+10508.6% | -$198K-100.2% | $88.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FXLV Financial Ratios
| Metric | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 71.7%+5.0pp | 66.7%-11.6pp | 78.3%+10.5pp | 67.9%+7.0pp | 60.9%-10.5pp | 71.4%+15.2pp | 56.1%-17.2pp | 73.4% |
| Operating Margin | -91.1%+21.4pp | -112.5%+257.7pp | -370.2%-254.2pp | -116.0%+10.6pp | -126.6%-88.6pp | -37.9%-28.0pp | -9.9%+323.3pp | -333.2% |
| Net Margin | -139.3%-10.4pp | -128.9%+164.4pp | -293.3%-88.7pp | -204.6%-0.7pp | -204.0%-171.7pp | -32.3%-40.0pp | 7.7%+486.8pp | -479.1% |
| Return on Equity | N/A | N/A | N/A | -141.4%-34.0pp | -107.5%-98.4pp | -9.1%-12.5pp | 3.4%+120.8pp | -117.4% |
| Return on Assets | -14.9%-2.3pp | -12.6%+24.4pp | -37.0%-10.5pp | -26.6%-3.6pp | -23.0%-18.9pp | -4.0%-6.1pp | 2.1%+80.2pp | -78.1% |
| Current Ratio | 1.52-0.2 | 1.68+0.6 | 1.04-0.6 | 1.61-0.2 | 1.85-0.3 | 2.15+0.3 | 1.84-0.5 | 2.33 |
| Debt-to-Equity | -1.49+0.5 | -1.99+0.1 | -2.06-4.1 | 2.08+0.9 | 1.17+0.9 | 0.30+0.3 | 0.00-0.5 | 0.50 |
| FCF Margin | -105.3%-39.3pp | -66.0%-13.3pp | -52.7%+3.3pp | -56.0%+54.7pp | -110.7%+52.5pp | -163.2%-153.3pp | -9.9%+94.2pp | -104.1% |
Note: Shareholder equity is negative (-$42.9M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Similar Companies
Frequently Asked Questions
What is F45 Training Hldgs Inc's annual revenue?
F45 Training Hldgs Inc (FXLV) reported $104.4M in total revenue for fiscal year 2022. This represents a -16.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is F45 Training Hldgs Inc's revenue growing?
F45 Training Hldgs Inc (FXLV) revenue declined by 16.6% year-over-year, from $125.2M to $104.4M in fiscal year 2022.
Is F45 Training Hldgs Inc profitable?
No, F45 Training Hldgs Inc (FXLV) reported a net income of -$178.8M in fiscal year 2022, with a net profit margin of -171.2%.
What is F45 Training Hldgs Inc's EBITDA?
F45 Training Hldgs Inc (FXLV) had EBITDA of -$140.9M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does F45 Training Hldgs Inc have?
As of fiscal year 2022, F45 Training Hldgs Inc (FXLV) had $5.3M in cash and equivalents against $88.3M in long-term debt.
What is F45 Training Hldgs Inc's gross margin?
F45 Training Hldgs Inc (FXLV) had a gross margin of 68.8% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.
What is F45 Training Hldgs Inc's operating margin?
F45 Training Hldgs Inc (FXLV) had an operating margin of -140.7% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.
What is F45 Training Hldgs Inc's net profit margin?
F45 Training Hldgs Inc (FXLV) had a net profit margin of -171.2% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.
What is F45 Training Hldgs Inc's free cash flow?
F45 Training Hldgs Inc (FXLV) generated -$104.5M in free cash flow during fiscal year 2022. This represents a -152.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is F45 Training Hldgs Inc's operating cash flow?
F45 Training Hldgs Inc (FXLV) generated -$98.0M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
What are F45 Training Hldgs Inc's total assets?
F45 Training Hldgs Inc (FXLV) had $142.7M in total assets as of fiscal year 2022, including both current and long-term assets.
What are F45 Training Hldgs Inc's capital expenditures?
F45 Training Hldgs Inc (FXLV) invested $6.5M in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.
What is F45 Training Hldgs Inc's current ratio?
F45 Training Hldgs Inc (FXLV) had a current ratio of 1.04 as of fiscal year 2022, which is considered adequate.
What is F45 Training Hldgs Inc's debt-to-equity ratio?
F45 Training Hldgs Inc (FXLV) had a debt-to-equity ratio of -2.06 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is F45 Training Hldgs Inc's return on assets (ROA)?
F45 Training Hldgs Inc (FXLV) had a return on assets of -125.3% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
What is F45 Training Hldgs Inc's cash runway?
Based on fiscal year 2022 data, F45 Training Hldgs Inc (FXLV) had $5.3M in cash against an annual operating cash burn of $98.0M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is F45 Training Hldgs Inc's debt-to-equity ratio negative or unusual?
F45 Training Hldgs Inc (FXLV) has negative shareholder equity of -$42.9M as of fiscal year 2022, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is F45 Training Hldgs Inc's Piotroski F-Score?
F45 Training Hldgs Inc (FXLV) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are F45 Training Hldgs Inc's earnings high quality?
F45 Training Hldgs Inc (FXLV) has an earnings quality ratio of 0.55x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can F45 Training Hldgs Inc cover its interest payments?
F45 Training Hldgs Inc (FXLV) has an interest coverage ratio of -40.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is F45 Training Hldgs Inc?
F45 Training Hldgs Inc (FXLV) scores 5 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.