Xponential Fitness Inc Financials
Xponential Fitness Inc (XPOF) reported $314.9M in revenue for fiscal year 2025, down 1.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).
Flat revenue now supports cash-generative operations, but a heavier debt load and interest drag keep earnings negative.
With revenue essentially flat year over year, operating income swung from-$53.6M to$19.8M , so the recovery came more from cost absorption and expense reset than from new volume. But interest expense still exceeded operating income at$49.2M , which explains why better cash flow and a return to operating profit did not translate into net profit.
The company looks asset-light: operating cash flow of
Liquidity is still tight: the current ratio stayed below 1.0x, so day-to-day flexibility depends on steady collections rather than a large working-capital buffer. Long-term debt reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Xponential Fitness Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Xponential Fitness Inc has an operating margin of 6.3%, meaning the company retains $6 of operating profit per $100 of revenue. This below-average margin results in a low score of 28/100, suggesting thin profitability after operating expenses. This is up from -16.7% the prior year.
Xponential Fitness Inc's revenue declined 1.7% year-over-year, from $320.3M to $314.9M. This contraction results in a growth score of 30/100.
Xponential Fitness Inc's current ratio of 0.82 is below the typical benchmark, resulting in a score of 13/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Xponential Fitness Inc has a free cash flow margin of 7.9%, earning a moderate score of 53/100. The company generates positive cash flow after capital investments, but with room for improvement.
Xponential Fitness Inc scores -1.72, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($257.0M) relative to total liabilities ($614.7M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Xponential Fitness Inc passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Xponential Fitness Inc reported a net loss of $38.7M while generating $28.3M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Xponential Fitness Inc earns $0.40 in operating income for every $1 of interest expense ($19.8M vs $49.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Xponential Fitness Inc generated $314.9M in revenue in fiscal year 2025. This represents a decrease of 1.7% from the prior year.
Xponential Fitness Inc's EBITDA was $31.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 188.8% from the prior year.
Xponential Fitness Inc reported -$38.7M in net income in fiscal year 2025. This represents an increase of 42.8% from the prior year.
Xponential Fitness Inc earned -$1.47 per diluted share (EPS) in fiscal year 2025. This represents an increase of 35.2% from the prior year.
Cash & Balance Sheet
Xponential Fitness Inc generated $24.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 255.2% from the prior year.
Xponential Fitness Inc held $45.9M in cash against $500.5M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Xponential Fitness Inc's operating margin was 6.3% in fiscal year 2025, reflecting core business profitability. This is up 23.0 percentage points from the prior year.
Xponential Fitness Inc's net profit margin was -12.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 8.8 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Xponential Fitness Inc repurchased no shares in fiscal year 2025.
Xponential Fitness Inc invested $3.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 24.0% from the prior year.
Not reported for fiscal year 2025.
XPOF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $288.5M | $314.9M-1.7% | $320.3M+0.8% | $317.9M+30.7% | $243.2M+56.8% | $155.1M+45.5% | $106.6M-17.5% | $129.1M |
| Cost of Revenue | N/A | N/A | N/A | N/A | $46.5M | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | $196.7M | N/A | N/A | N/A |
| SG&A Expenses | $144.4M | $152.0M-14.1% | $176.9M+4.7% | $168.9M+33.7% | $126.3M+34.3% | $94.0M+54.3% | $60.9M-24.3% | $80.5M |
| Operating Income | $17.9M | $19.8M+137.0% | -$53.6M-253.6% | $34.9M+162.0% | $13.3M+143.2% | -$30.8M-495.4% | $7.8M+137.0% | -$21.1M |
| Interest Expense | $54.3M | $49.2M+6.4% | $46.3M+19.4% | $38.7M+197.6% | $13.0M-47.3% | $24.7M+15.4% | $21.4M+33.1% | $16.1M |
| Income Tax | $596K | $1.3M+486.5% | -$342K-133.1% | $1.0M+111.9% | $488K-37.7% | $783K+112.2% | $369K+125.0% | $164K |
| Net Income | -$42.6M | -$38.7M+42.8% | -$67.7M-1591.0% | -$4.0M-429.3% | $1.2M+106.5% | -$18.8M-38.0% | -$13.6M+63.3% | -$37.1M |
| EPS (Diluted) | — | -$1.47+35.2% | -$2.27 | -$0.52+40.9% | -$0.88+69.1% | -$2.85 | N/A | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
XPOF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Total Assets | $345.6M-14.3% | $403.4M-23.8% | $529.5M+9.7% | $482.7M+16.2% | $415.5M+28.7% | $322.8M | N/A |
| Current Assets | $94.6M+12.5% | $84.1M-13.2% | $97.0M+13.1% | $85.7M+67.4% | $51.2M+56.6% | $32.7M | N/A |
| Cash & Equivalents | $45.9M+40.1% | $32.7M-11.7% | $37.1M-0.7% | $37.4M+75.3% | $21.3M+88.7% | $11.3M | N/A |
| Inventory | $2.2M-77.8% | $10.0M-35.7% | $15.6M+43.5% | $10.9M+56.8% | $6.9M+12.4% | $6.2M | N/A |
| Accounts Receivable | $18.4M-28.7% | $25.9M-18.1% | $31.6M+23.7% | $25.6M+118.4% | $11.7M+125.2% | $5.2M | N/A |
| Goodwill | $127.8M-5.5% | $135.2M-20.8% | $170.7M+3.0% | $165.7M-2.0% | $169.1M+21.0% | $139.7M | N/A |
| Total Liabilities | $614.7M+2.9% | $597.4M-4.3% | $624.4M-2.0% | $637.5M-40.4% | $1.1B+236.4% | $318.1M | N/A |
| Current Liabilities | $116.0M+7.5% | $107.9M+5.5% | $102.2M+40.5% | $72.8M+10.4% | $65.9M+20.0% | $54.9M | N/A |
| Long-Term Debt | $500.5M+46.5% | $341.7M+7.0% | $319.3M+140.0% | $133.0M+4.0% | $128.0M-27.3% | $176.0M | N/A |
| Total Equity | -$269.1M-24.2% | -$216.6M-66.6% | -$130.0M+16.0% | -$154.8M+76.3% | -$654.4M-13880.4% | $4.7M-82.2% | $26.7M |
| Retained Earnings | -$740.5M-5.5% | -$701.8M-10.7% | -$634.2M+1.2% | -$641.9M+0.3% | -$643.8M-499.0% | -$107.5M | N/A |
XPOF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$5.8M | $28.3M+142.5% | $11.7M-64.3% | $32.7M-37.2% | $52.1M+260.3% | $14.5M+2085.0% | -$728K-147.0% | $1.5M |
| Capital Expenditures | $2.3M | $3.6M-24.0% | $4.7M-36.6% | $7.4M-17.0% | $9.0M+146.2% | $3.6M+93.5% | $1.9M-74.0% | $7.2M |
| Free Cash Flow | -$8.1M | $24.7M+255.2% | $7.0M-72.5% | $25.3M-41.4% | $43.1M+298.7% | $10.8M+514.6% | -$2.6M+54.1% | -$5.7M |
| Investing Cash Flow | $3.2M | $1.5M+110.8% | -$14.1M-21.0% | -$11.7M+20.0% | -$14.6M+71.1% | -$50.6M-1000.5% | -$4.6M+53.0% | -$9.8M |
| Financing Cash Flow | -$11.1M | -$16.7M-788.1% | -$1.9M+91.2% | -$21.3M+0.5% | -$21.4M-146.3% | $46.2M+533.9% | $7.3M+14.6% | $6.4M |
| Share Buybacks | N/A | $0 | $0-100.0% | $50.4M | $0 | $0 | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
XPOF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | 80.9% | N/A | N/A | N/A |
| Operating Margin | 6.3%+23.0pp | -16.7%-27.7pp | 11.0%+5.5pp | 5.5%+25.4pp | -19.9%-27.2pp | 7.3%+23.6pp | -16.3% |
| Net Margin | -12.3%+8.8pp | -21.1%-19.9pp | -1.3%-1.8pp | 0.5%+12.6pp | -12.1%+0.7pp | -12.8%+16.0pp | -28.8% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | -287.2%-148.0pp | -139.2% |
| Return on Assets | -11.2%+5.6pp | -16.8%-16.0pp | -0.8%-1.0pp | 0.3%+4.8pp | -4.5%-0.3pp | -4.2% | N/A |
| Current Ratio | 0.820.0x | 0.78-0.2x | 0.95-0.2x | 1.18+0.4x | 0.78+0.2x | 0.60 | N/A |
| Debt-to-Equity | N/A | N/A | N/A | N/A | N/A | 37.06 | N/A |
| FCF Margin | 7.9%+5.7pp | 2.2%-5.8pp | 8.0%-9.8pp | 17.7%+10.8pp | 7.0%+9.4pp | -2.5%+1.9pp | -4.4% |
Note: Shareholder equity is negative (-$269.1M), 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.
Note: The current ratio is below 1.0 (0.82), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Xponential Fitness Inc Ranks
Frequently Asked Questions
What is Xponential Fitness Inc's annual revenue?
Xponential Fitness Inc (XPOF) reported $314.9M in total revenue for fiscal year 2025. This represents a -1.7% 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 Xponential Fitness Inc's revenue growing?
Xponential Fitness Inc (XPOF) revenue declined by 1.7% year-over-year, from $320.3M to $314.9M in fiscal year 2025.
Is Xponential Fitness Inc profitable?
No, Xponential Fitness Inc (XPOF) reported a net income of -$38.7M in fiscal year 2025, with a net profit margin of -12.3%.
What is Xponential Fitness Inc's EBITDA?
Xponential Fitness Inc (XPOF) had EBITDA of $31.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Xponential Fitness Inc have?
As of fiscal year 2025, Xponential Fitness Inc (XPOF) had $45.9M in cash and equivalents against $500.5M in long-term debt.
What is Xponential Fitness Inc's operating margin?
Xponential Fitness Inc (XPOF) had an operating margin of 6.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Xponential Fitness Inc's net profit margin?
Xponential Fitness Inc (XPOF) had a net profit margin of -12.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Xponential Fitness Inc's free cash flow?
Xponential Fitness Inc (XPOF) generated $24.7M in free cash flow during fiscal year 2025. This represents a 255.2% 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 Xponential Fitness Inc's operating cash flow?
Xponential Fitness Inc (XPOF) generated $28.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Xponential Fitness Inc's total assets?
Xponential Fitness Inc (XPOF) had $345.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Xponential Fitness Inc's capital expenditures?
Xponential Fitness Inc (XPOF) invested $3.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Xponential Fitness Inc's current ratio?
Xponential Fitness Inc (XPOF) had a current ratio of 0.82 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Xponential Fitness Inc's return on assets (ROA)?
Xponential Fitness Inc (XPOF) had a return on assets of -11.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Xponential Fitness Inc's debt-to-equity ratio negative or not reported?
Xponential Fitness Inc (XPOF) has negative shareholder equity of -$269.1M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 Xponential Fitness Inc's Altman Z-Score?
Xponential Fitness Inc (XPOF) has an Altman Z-Score of -1.72, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Xponential Fitness Inc's Piotroski F-Score?
Xponential Fitness Inc (XPOF) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Xponential Fitness Inc's earnings high quality?
Xponential Fitness Inc (XPOF) reported a net loss of $38.7M while generating $28.3M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 Xponential Fitness Inc cover its interest payments?
Xponential Fitness Inc (XPOF) has an interest coverage ratio of 0.40x, 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 Xponential Fitness Inc?
Xponential Fitness Inc (XPOF) scores 26 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.