Xponential Fitness, Inc. (XPOF) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the XPOF SEC filings page.
Xponential Fitness, Inc. (XPOF) reported $288.5M in revenue over the twelve months to Jun 30, 2026, down 9.0% from the prior twelve months. 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).
Xponential Fitness returned to operating profit in FY2025, but interest expense and negative equity still separate accounting recovery from financial strength.
In FY2025, operating income reached$19.8M while interest expense was$49.2M , so financing costs more than absorbed operating profit and left a net loss of$38.7M . Yet operating cash flow of$28.3M exceeded free cash flow of$24.7M and the reported loss, indicating that the accounting loss did not translate one-for-one into cash leaving the business.
Operating efficiency reversed sharply: operating margin moved from
The balance sheet remains liability-financed: FY2025 liabilities of
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 25/100, 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 29/100.
Xponential Fitness, Inc.'s current ratio of 0.82 is below the typical benchmark, resulting in a score of 12/100. 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 50/100. The company generates positive cash flow after capital investments, but with room for improvement.
Xponential Fitness, Inc. scores -1.78, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($195.9M) 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 $66.0M in revenue in Q2 2026. This represents a decrease of 13.4% from the same quarter a year earlier. Against the prior quarter it is up 8.7%.
Xponential Fitness, Inc.'s EBITDA was $11.3M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 36.6% from the same quarter a year earlier. Against the prior quarter it is down 26.3%.
Xponential Fitness, Inc. reported -$4.1M in net income in Q2 2026. This represents a decrease of 526.9% from the same quarter a year earlier. Against the prior quarter it is down 470.6%.
Xponential Fitness, Inc. earned -$0.10 per diluted share (EPS) in Q2 2026. This represents a decrease of 900.0% from the same quarter a year earlier. Against the prior quarter it is down 400.0%.
Cash & Balance Sheet
Xponential Fitness, Inc. recorded an outflow of $4.3M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 532.7% from the same quarter a year earlier. Against the prior quarter it is up 80.5%.
Xponential Fitness, Inc. held $25.0M in cash against $499.5M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Xponential Fitness, Inc.'s operating margin was 14.4% in Q2 2026, reflecting core business profitability. This is down 5.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 7.1 percentage points.
Xponential Fitness, Inc.'s net profit margin was -6.3% in Q2 2026, showing the share of revenue converted to profit. This is down 7.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.1 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Xponential Fitness, Inc. invested $272K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 82.2% from the same quarter a year earlier. Against the prior quarter it is down 41.4%.
Not reported for Q2 2026.
Not reported for Q2 2026.
XPOF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $66.0M-13.4% | $60.7M-21.0% | $83.0M-0.3% | $78.8M-2.1% | $76.2M-0.9% | $76.9M-3.5% | $83.2M-7.0% | $80.5M+0.1% |
| SG&A Expenses | $32.0M+33.0% | $30.0M-34.0% | $57.7M+1.1% | $24.7M-46.6% | $24.1M-34.9% | $45.5M+24.4% | $57.1M+8.0% | $46.2M+5.1% |
| Operating Income | $9.5M-35.8% | $13.0M+34.8% | -$8.2M+84.2% | $3.6M+154.0% | $14.8M+579.9% | $9.7M+21.1% | -$51.9M-2755.6% | -$6.6M-188.3% |
| EBITDA | $11.3M-36.6% | $15.3M+21.1% | -$5.8M+87.8% | $7.2M+404.5% | $17.8M+1146.2% | $12.6M+1.6% | -$47.4M-2104.2% | -$2.4M-120.3% |
| Interest Expense | $14.9M+15.2% | $14.5M+27.3% | $11.9M+2.6% | $12.9M+9.1% | $13.0M+15.3% | $11.4M-1.4% | $11.6M+1.0% | $11.8M+11.3% |
| Income Tax | $65K-79.2% | $6K-98.8% | $259K+146.4% | $266K+103.1% | $312K+136.4% | $485K+1131.9% | -$558K-167.9% | $131K-35.1% |
| Net Income | -$4.1M-526.9% | -$725K+62.3% | -$32.9M+24.4% | -$4.9M+59.9% | $969K+110.1% | -$1.9M+22.5% | -$43.5M-382.5% | -$12.1M-258.4% |
| EPS (Basic) | -$0.10-900.0% | -$0.02+80.0% | -$1.19+14.4% | -$0.18+37.9% | -$0.01+96.7% | -$0.10+65.5% | -$1.39-1490.0% | -$0.29-131.9% |
| EPS (Diluted) | -$0.10-900.0% | -$0.02 | -$1.19+14.4% | -$0.18 | -$0.01+96.7% | -$0.10 | -$1.39-414.8% | -$0.29 |
| Diluted Shares (Avg) | 42M+20.2% | 37M | N/A | 35M | 35M+10.0% | 34M | N/A | 32M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
XPOF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $309.8M-22.5% | $322.4M-21.8% | $345.6M-14.3% | $355.3M-24.8% | $399.8M-15.9% | $412.4M-18.9% | $403.4M-23.8% | $472.2M-14.3% |
| Current Assets | $69.4M-32.4% | $75.0M-25.1% | $94.6M+12.5% | $99.2M+3.8% | $102.7M+19.8% | $100.1M+14.0% | $84.1M-13.2% | $95.6M-18.4% |
| Cash & Equivalents | $25.0M-35.4% | $21.5M-49.6% | $45.9M+40.1% | $41.5M+9.8% | $38.7M+48.7% | $42.6M+56.4% | $32.7M-11.7% | $37.8M-27.2% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $3.0M-60.1% | $2.5M-69.9% | $2.2M-77.8% | $5.7M-46.6% | $7.4M-44.3% | $8.3M-45.5% | $10.0M-35.7% | $10.6M-35.1% |
| Accounts Receivable | $17.4M-52.5% | $20.8M-27.8% | $18.4M-28.7% | $18.6M-36.9% | $36.7M+23.3% | $28.9M-10.5% | $25.9M-18.1% | $29.6M+6.6% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $127.8M0.0% | $127.8M-5.5% | $127.8M-5.5% | $127.8M-21.6% | $127.8M-21.6% | $135.2M-22.3% | $135.2M-20.8% | $163.0M-1.6% |
| Total Liabilities | $685.9M+15.1% | $694.4M+14.0% | $614.7M+2.9% | $559.0M-6.1% | $596.2M+3.5% | $609.3M+1.6% | $597.4M-4.3% | $595.5M-5.2% |
| Current Liabilities | $93.0M-17.7% | $99.0M-19.4% | $116.0M+7.5% | $93.2M-1.0% | $112.9M+22.9% | $122.9M+33.0% | $107.9M+5.5% | $94.1M-7.3% |
| Non-Current Liabilities | $593.0M+22.7% | $595.4M+22.4% | $498.7M+1.9% | $465.8M-7.1% | $483.3M-0.2% | $486.4M-4.2% | $489.5M-6.3% | $501.4M-4.8% |
| Long-Term Debt | $499.5M+41.7% | $500.0M+42.2% | $500.5M+46.5% | $348.9M+2.0% | $352.6M+10.7% | $351.6M+10.3% | $341.7M+7.0% | $342.0M+7.2% |
| Total Equity | -$321.4M-42.9% | -$316.3M-40.5% | -$269.1M-24.2% | -$230.4M-47.9% | -$225.0M-48.1% | -$225.2M-55.9% | -$216.6M-66.6% | -$155.7M-12.6% |
| Retained Earnings | -$745.4M-6.1% | -$741.2M-5.3% | -$740.5M-5.5% | -$707.6M-8.2% | -$702.8M-9.5% | -$703.8M-11.2% | -$701.8M-10.7% | -$654.1M-4.8% |
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.0M-260.0% | -$21.7M-472.8% | $10.7M+1276.0% | $9.3M+78.2% | $2.5M-15.9% | $5.8M+117.0% | $776K+114.2% | $5.2M-31.6% |
| Depreciation & Amortization | $1.8M-40.6% | $2.3M-23.8% | $2.4M-46.6% | $3.7M-12.9% | $3.0M-34.2% | $3.0M-33.4% | $4.5M+8.4% | $4.2M+0.2% |
| Stock-Based Compensation | $1.7M-36.1% | $2.0M-39.5% | N/A | $2.4M-52.0% | $2.7M-36.5% | $3.3M-16.8% | N/A | $5.0M+40.9% |
| Capital Expenditures | $272K-82.2% | $464K-0.2% | $511K+401.0% | $1.1M-41.1% | $1.5M-28.3% | $465K-45.6% | -$102K-92.0% | $1.8M+1.9% |
| Free Cash Flow | -$4.3M-532.7% | -$22.2M-513.8% | $10.2M+1408.5% | $8.2M+142.7% | $996K+14.2% | $5.4M+193.2% | $674K+110.0% | $3.4M-41.9% |
| Investing Cash Flow | -$588K+68.4% | -$621K+37.7% | $3.8M+1879.5% | $562K+125.9% | -$1.9M+27.1% | -$997K+89.2% | -$215K+93.1% | -$2.2M+27.1% |
| Financing Cash Flow | $8.1M+278.9% | -$2.1M-141.6% | -$10.1M-80.6% | -$7.1M-181.2% | -$4.6M-176.7% | $5.0M+249.4% | -$5.6M+9.9% | $8.7M+23.7% |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | $0 | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
XPOF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 14.4%-5.0pp | 21.5%+8.9pp | -9.9%+52.5pp | 4.5%+12.7pp | 19.4%+23.5pp | 12.6%+2.6pp | -62.4%-60.4pp | -8.2%-17.5pp |
| Net Margin | -6.3%-7.5pp | -1.2%+1.3pp | -39.6%+12.7pp | -6.2%+8.9pp | 1.3%+13.7pp | -2.5%+0.6pp | -52.3%-42.2pp | -15.0%-10.8pp |
| Return on Assets | -1.3%-1.6pp | -0.2%+0.3pp | -9.5%+1.3pp | -1.4%+1.2pp | 0.2%+2.3pp | -0.5%0.0pp | -10.8%-9.1pp | -2.6%-2.0pp |
| Current Ratio | 0.75-0.2x | 0.76-0.1x | 0.820.0x | 1.060.0x | 0.910.0x | 0.81-0.1x | 0.78-0.2x | 1.02-0.1x |
| Asset Turnover | 0.210.0x | 0.190.0x | 0.240.0x | 0.22+0.1x | 0.190.0x | 0.190.0x | 0.210.0x | 0.170.0x |
| FCF Margin | -6.5%-7.8pp | -36.5%-43.5pp | 12.3%+11.4pp | 10.4%+6.2pp | 1.3%+0.2pp | 7.0%+4.7pp | 0.8%+8.4pp | 4.2%-3.0pp |
Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Debt-to-Equity.
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.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Xponential Fitness, Inc. XPOF | FY2025 | $314.9M | -$38.7M | -12.3% | $195.9M | 24/100 |
| Johnson Outdoors Inc JOUT | FY2025 | $592.4M | -$34.3M | -5.8% | $466.3M | 47/100 |
| Lucky Strike Entertainment Corporation LUCK | FY2026 | $1.2B | -$35.8M | -2.9% | $717.1M | 39/100 |
| Topgolf Callaway Brands Corp. MODG | FY2025 | $2.1B | -$409.3M | -19.9% | $2.7B | 59/100 |
| Jakks Pacific Inc JAKK | FY2025 | $113.3M | N/A | N/A | $317.9M | 46/100 |
| Playboy, Inc. PLBY | FY2025 | $120.9M | -$12.7M | -10.5% | $123.4M | 43/100 |
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.
What is Xponential Fitness, Inc.'s P/E ratio?
Xponential Fitness, Inc. (XPOF) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $195.9M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Xponential Fitness, Inc.'s price-to-sales ratio?
Xponential Fitness, Inc. (XPOF) trades at 0.7x sales, its market capitalization divided by revenue of $288.5M revenue, trailing 12 months to June 30, 2026. The market capitalization is $195.9M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
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 -1.78, 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 24 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.