Xponential Fitness, Inc. (XPOF) 10-Year Financial Performance & Capital Metrics

XPOF • • Industrial / General

Consumer CyclicalLeisureFitness & Wellness CentersBoutique Fitness Studios

AboutXponential Fitness, Inc., through its subsidiaries, operates as a boutique fitness franchisor in the United States and internationally. The company offers fitness and wellness services, including pilates, barre, cycling, stretching, rowing, yoga, boxing, dancing, running, and functional training under the Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble, AKT, Stride, and BFT brands. As of December 31, 2021, it had 1,556 franchisees operating 1,954 open studios on an adjusted basis. The company was founded in 2017 and is headquartered in Irvine, California.Show more

Revenue $320M +0.8%
EBITDA -$36M -169.3%
Net Income -$65M -1523.3%
EPS (Diluted) -2.27 -415.9%
Gross Margin 81.43% +18.0%
EBITDA Margin -11.21% -168.8%
Operating Margin -16.74% -252.4%
Net Margin -20.27% -1511.1%
ROE -
ROIC -23.46% -199.1%
Debt/Equity -
Interest Coverage -1.16 -228.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 19.9%
✓Healthy dividend yield of 2.2%
✓Share count reduced 19.4% through buybacks

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y19.93%

3Y27.36%

TTM-3.32%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-42.14%

EPS CAGR

10Y-

5Y-

3Y-

TTM-36.13%

ROCE

10Y Avg-4.63%

5Y Avg-1.99%

3Y Avg-0.96%

Latest-14.65%

Peer Comparison

Boutique Fitness Studios

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MMAMixed Martial Arts Group Limited	13.43M	1.03	-0.74	-63.41%	-25.62%	-5.63%		0.10
XPOFXponential Fitness, Inc.	288.39M	8.20	-3.61	0.76%	-15.51%		2.41%

Profit & Loss

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	59.26M	129.13M	106.59M	155.08M	243.2M	317.94M	320.35M
Revenue Growth %	-	1.18%	-0.17%	0.45%	0.57%	0.31%	0.01%
Cost of Goods Sold+	29.31M	55.35M	41.22M	54.31M	82.19M	98.61M	59.48M
COGS % of Revenue	0.49%	0.43%	0.39%	0.35%	0.34%	0.31%	0.19%
Gross Profit+	29.95M	73.78M	65.37M	100.77M	161.01M	219.32M	260.87M
Gross Margin %	0.51%	0.57%	0.61%	0.65%	0.66%	0.69%	0.81%
Gross Profit Growth %	-	1.46%	-0.11%	0.54%	0.6%	0.36%	0.19%
Operating Expenses+	48.06M	94.83M	57.58M	131.59M	147.69M	184.42M	314.48M
OpEx % of Revenue	0.81%	0.73%	0.54%	0.85%	0.61%	0.58%	0.98%
Selling, General & Admin	44.55M	80.5M	60.92M	87.97M	115.98M	148.53M	176.85M
SG&A % of Revenue	0.75%	0.62%	0.57%	0.57%	0.48%	0.47%	0.55%
Research & Development	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-
Other Operating Expenses	3.51M	14.33M	-3.34M	43.61M	31.71M	35.88M	137.63M
Operating Income+	-36.21M	-21.05M	7.79M	-30.82M	13.32M	34.91M	-53.61M
Operating Margin %	-0.61%	-0.16%	0.07%	-0.2%	0.05%	0.11%	-0.17%
Operating Income Growth %	-	0.42%	1.37%	-4.95%	1.43%	1.62%	-2.54%
EBITDA+	-32.7M	-14.66M	15.45M	-20.65M	28.64M	51.79M	-35.9M
EBITDA Margin %	-0.55%	-0.11%	0.14%	-0.13%	0.12%	0.16%	-0.11%
EBITDA Growth %	-	0.55%	2.05%	-2.34%	2.39%	0.81%	-1.69%
D&A (Non-Cash Add-back)	3.51M	6.39M	7.65M	10.17M	15.31M	16.88M	17.71M
EBIT	-36.15M	-20.88M	-776K	2.62M	29.72M	53.91M	-52.79M
Net Interest Income+	-6.2M	-15.92M	-21.07M	-23.55M	-11.21M	-37.12M	-44.43M
Interest Income	56K	168K	345K	1.16M	1.8M	1.61M	1.82M
Interest Expense	6.25M	16.09M	21.41M	24.71M	13.02M	38.73M	46.25M
Other Income/Expense	-6.2M	-15.92M	-21.07M	-19.84M	-11.73M	-40.31M	-45.42M
Pretax Income+	-42.41M	-36.97M	-13.27M	-50.66M	1.59M	-5.41M	-99.04M
Pretax Margin %	-0.72%	-0.29%	-0.12%	-0.33%	0.01%	-0.02%	-0.31%
Income Tax+	73K	164K	369K	783K	488K	1.03M	-342K
Effective Tax Rate %	1%	1%	1.03%	0.37%	0.76%	0.74%	0.66%
Net Income+	-42.48M	-37.13M	-13.64M	-18.83M	1.22M	-4M	-64.95M
Net Margin %	-0.72%	-0.29%	-0.13%	-0.12%	0%	-0.01%	-0.2%
Net Income Growth %	-	0.13%	0.63%	-0.38%	1.06%	-4.29%	-15.23%
Net Income (Continuing)	-42.48M	-37.13M	-13.64M	-51.44M	1.1M	-6.44M	-98.7M
Discontinued Operations	0	0	0	0	0	0	0
Minority Interest	0	0	0	443.96M	-53.28M	-77.55M	-94.24M
EPS (Diluted)+	-1.85	-1.61	-0.59	-2.67	-0.87	-0.44	-2.27
EPS Growth %	-	0.13%	0.63%	-3.53%	0.67%	0.49%	-4.16%
EPS (Basic)	-1.85	-1.61	-0.59	-2.67	-0.87	1.08	-2.27
Diluted Shares Outstanding	22.99M	22.99M	22.99M	23.9M	25.3M	39.7M	32M
Basic Shares Outstanding	22.99M	22.99M	22.99M	23.9M	25.3M	31.74M	32M
Dividend Payout Ratio	-	-	-	-	-	-	-

Balance Sheet

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	24.04M	31.53M	32.7M	51.23M	85.73M	97.25M	84.15M
Cash & Short-Term Investments	11.21M	9.34M	11.3M	21.32M	31.99M	27.76M	16.68M
Cash Only	11.21M	9.34M	11.3M	21.32M	31.99M	27.76M	16.68M
Short-Term Investments	0	0	0	0	0	0	0
Accounts Receivable	4.43M	10.78M	5.2M	13.99M	27.07M	32.95M	31.93M
Days Sales Outstanding	27.27	30.47	17.79	32.94	40.63	37.83	36.38
Inventory	4.53M	4.77M	6.16M	6.93M	10.86M	14.72M	10.02M
Days Inventory Outstanding	56.37	31.45	54.56	46.56	48.25	54.5	61.47
Other Current Assets	2.94M	4.53M	9M	3.71M	15.81M	16.16M	25.53M
Total Non-Current Assets+	274.3M	294.14M	290.13M	364.32M	396.96M	431.45M	319.25M
Property, Plant & Equipment	7.54M	13.99M	13.69M	12.77M	48.6M	90.92M	38.69M
Fixed Asset Turnover	7.86x	9.23x	7.78x	12.14x	5.00x	3.50x	8.28x
Goodwill	140.87M	139.6M	139.68M	169.07M	165.7M	171.6M	135.24M
Intangible Assets	107.11M	102.02M	97.29M	136.86M	137.18M	120.15M	100.94M
Long-Term Investments	0	0	0	3.04M	0	802K	0
Other Non-Current Assets	18.79M	38.54M	39.47M	45.61M	45.48M	47.98M	44.38M
Total Assets+	298.34M	325.67M	322.84M	415.54M	482.69M	528.7M	403.4M
Asset Turnover	0.20x	0.40x	0.33x	0.37x	0.50x	0.60x	0.79x
Asset Growth %	-	0.09%	-0.01%	0.29%	0.16%	0.1%	-0.24%
Total Current Liabilities+	46.35M	56.33M	54.92M	65.89M	72.78M	92.31M	107.89M
Accounts Payable	9.85M	16.82M	18.34M	14.9M	16.18M	19.12M	27.01M
Days Payables Outstanding	122.64	110.95	162.39	100.17	71.88	70.76	165.76
Short-Term Debt	3.54M	3.57M	6.76M	3.94M	3.04M	8.11M	8.75M
Deferred Revenue (Current)	0	0	0	1000K	1000K	1000K	1000K
Other Current Liabilities	25.28M	27.32M	21.43M	20.05M	10.09M	16.5M	11.53M
Current Ratio	0.52x	0.56x	0.60x	0.78x	1.18x	1.05x	0.78x
Quick Ratio	0.42x	0.48x	0.48x	0.67x	1.03x	0.89x	0.69x
Cash Conversion Cycle	-39	-49.03	-90.04	-20.67	17	21.57	-67.92
Total Non-Current Liabilities+	189.8M	242.66M	263.17M	560.12M	617.98M	524.52M	606.33M
Long-Term Debt	138.94M	149.61M	176M	127.98M	133.04M	319.26M	341.74M
Capital Lease Obligations	0	0	0	0	30.58M	70.14M	23.86M
Deferred Tax Liabilities	0	0	0	276.89M	0	0	0
Other Non-Current Liabilities	50.86M	93.05M	87.17M	59.56M	344.89M	17.82M	134.79M
Total Liabilities	236.15M	298.99M	318.09M	626.01M	690.75M	616.83M	714.21M
Total Debt+	142.48M	153.18M	182.77M	131.93M	170.44M	406.62M	379.62M
Net Debt	131.27M	143.84M	171.47M	110.61M	138.45M	378.86M	362.95M
Debt / Equity	2.29x	5.74x	38.49x	-	-	-	-
Debt / EBITDA	-	-	11.83x	-	5.95x	7.85x	-
Net Debt / EBITDA	-	-	11.10x	-	4.83x	7.32x	-
Interest Coverage	-5.79x	-1.31x	0.36x	-1.25x	1.02x	0.90x	-1.16x
Total Equity+	62.19M	26.68M	4.75M	-210.47M	-208.06M	-88.13M	-310.81M
Equity Growth %	-	-0.57%	-0.82%	-45.32%	0.01%	0.58%	-2.53%
Book Value per Share	2.70	1.16	0.21	-8.81	-8.23	-2.22	-9.71
Total Shareholders' Equity	62.19M	26.68M	4.75M	-654.43M	-154.78M	-10.59M	-216.57M
Common Stock	150.2M	152.26M	113.7M	4K	5K	5K	4K
Retained Earnings	-56.72M	-93.85M	-107.49M	-643.83M	-641.9M	-630.13M	-701.84M
Treasury Stock	0	0	0	0	-1.7M	-1.7M	-1.7M
Accumulated OCI	-31.3M	-31.73M	-1.46M	-276.89M	0	-15.43M	0
Minority Interest	0	0	0	443.96M	-53.28M	-77.55M	-94.24M

Cash Flow

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	836K	1.55M	-728K	14.45M	52.06M	32.71M	11.68M
Operating CF Margin %	0.01%	0.01%	-0.01%	0.09%	0.21%	0.1%	0.04%
Operating CF Growth %	-	0.85%	-1.47%	20.85%	2.6%	-0.37%	-0.64%
Net Income	-42.48M	-37.13M	-13.64M	-51.44M	1.1M	-6.44M	-98.7M
Depreciation & Amortization	3.51M	6.39M	7.65M	10.17M	15.31M	16.88M	17.71M
Stock-Based Compensation	1.97M	2.06M	1.75M	9.7M	29.04M	18M	15.47M
Deferred Taxes	888K	2.22M	2.83M	0	0	0	0
Other Non-Cash Items	15.41M	11.3M	-6.57M	32.64M	7.63M	13.62M	71.4M
Working Capital Changes	21.53M	16.72M	7.25M	13.38M	-1.03M	-9.34M	5.79M
Change in Receivables	-2.17M	-6.57M	2.98M	-6.47M	-12.15M	-7.35M	-3.92M
Change in Inventory	-804K	-296K	-1.39M	-768K	-4.37M	-3.96M	5.57M
Change in Payables	6.43M	6.53M	1.71M	-3.01M	469K	889K	8.62M
Cash from Investing+	-24.43M	-9.78M	-4.6M	-50.63M	-14.61M	-11.69M	-14.15M
Capital Expenditures	-8.48M	-7.51M	-2.89M	-3.64M	-16.13M	-7.43M	-4.71M
CapEx % of Revenue	0.14%	0.06%	0.03%	0.02%	0.07%	0.02%	0.01%
Acquisitions	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-
Other Investing	1K	-990K	-619K	-2.23M	1.45M	-1.53M	-936K
Cash from Financing+	31.49M	6.36M	7.29M	46.2M	-21.4M	-21.3M	-1.88M
Debt Issued (Net)	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-
Dividends Paid	0	0	-73.2M	-19.59M	-16.25M	-7.09M	-5.77M
Share Repurchases	-	-	-	-	-	-	-
Other Financing	-2.82M	-2.55M	49.16M	-25.93M	-4.55M	-13.61M	-11.93M
Net Change in Cash	-	-	-	-	-	-	-
Free Cash Flow+	-7.65M	-5.96M	-3.62M	9.59M	35.93M	23.5M	6.96M
FCF Margin %	-0.13%	-0.05%	-0.03%	0.06%	0.15%	0.07%	0.02%
FCF Growth %	-	0.22%	0.39%	3.65%	2.75%	-0.35%	-0.7%
FCF per Share	-0.33	-0.26	-0.16	0.40	1.42	0.59	0.22
FCF Conversion (FCF/Net Income)	-0.02x	-0.04x	0.05x	-0.77x	42.85x	-8.18x	-0.18x
Interest Paid	5.56M	12.86M	17.04M	16.14M	11.63M	34.79M	41.29M
Taxes Paid	63K	174K	228K	1.4M	2.79M	1.57M	563K

Key Ratios

Metric	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-68.31%	-83.58%	-86.8%	-	-	-	-
Return on Invested Capital (ROIC)	-14.04%	-8.68%	3.37%	-60.55%	-	23.68%	-23.46%
Gross Margin	50.54%	57.13%	61.33%	64.98%	66.21%	68.98%	81.43%
Net Margin	-71.68%	-28.76%	-12.8%	-12.14%	0.5%	-1.26%	-20.27%
Debt / Equity	2.29x	5.74x	38.49x	-	-	-	-
Interest Coverage	-5.79x	-1.31x	0.36x	-1.25x	1.02x	0.90x	-1.16x
FCF Conversion	-0.02x	-0.04x	0.05x	-0.77x	42.85x	-8.18x	-0.18x
Revenue Growth	-	117.89%	-17.45%	45.49%	56.82%	30.73%	0.76%

Revenue by Segment

	2021	2022	2023	2024
Franchise	74.46M	115.29M	143.62M	174.52M
Franchise Growth	-	54.83%	24.57%	21.52%
Product	28.55M	47.22M	57.98M	59.48M
Product Growth	-	65.39%	22.78%	2.58%
Equipment Revenue	22.58M	43.46M	56.45M	54.2M
Equipment Revenue Growth	-	92.45%	29.90%	-3.99%
Franchise Marketing Fund Revenue	13.62M	20.38M	27.29M	33.99M
Franchise Marketing Fund Revenue Growth	-	49.63%	33.89%	24.53%
Service, Other	-	38.75M	57.15M	30.46M
Service, Other Growth	-	-	47.49%	-46.70%
Merchandise Revenue	20.14M	27.07M	34.15M	27.17M
Merchandise Revenue Growth	-	34.42%	26.13%	-20.42%
Franchise And Service Revenue	12.72M	18.45M	15.91M	21.81M
Franchise And Service Revenue Growth	-	45.07%	-13.75%	37.05%
Service Other	24.27M	-	-	-
Service Other Growth	-	-	-	-

Frequently Asked Questions

Growth & Financials

Xponential Fitness, Inc. (XPOF) reported $315.7M in revenue for fiscal year 2024. This represents a 433% increase from $59.3M in 2018.

Xponential Fitness, Inc. (XPOF) grew revenue by 0.8% over the past year. Growth has been modest.

Xponential Fitness, Inc. (XPOF) reported a net loss of $49.0M for fiscal year 2024.

Dividend & Returns

Yes, Xponential Fitness, Inc. (XPOF) pays a dividend with a yield of 2.20%. This makes it attractive for income-focused investors.

Xponential Fitness, Inc. (XPOF) generated $14.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Xponential Fitness, Inc. (XPOF) 10-Year Financial Performance & Capital Metrics

XPOF • • Industrial / General

Consumer CyclicalLeisureFitness & Wellness CentersBoutique Fitness Studios

Revenue $320M +0.8%
EBITDA -$36M -169.3%
Net Income -$65M -1523.3%
EPS (Diluted) -2.27 -415.9%
Gross Margin 81.43% +18.0%
EBITDA Margin -11.21% -168.8%
Operating Margin -16.74% -252.4%
Net Margin -20.27% -1511.1%
ROE -
ROIC -23.46% -199.1%
Debt/Equity -
Interest Coverage -1.16 -228.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 19.9%
✓Healthy dividend yield of 2.2%
✓Share count reduced 19.4% through buybacks

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y19.93%

3Y27.36%

TTM-3.32%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-42.14%

EPS CAGR

10Y-

5Y-

3Y-

TTM-36.13%

ROCE

10Y Avg-4.63%

5Y Avg-1.99%

3Y Avg-0.96%

Latest-14.65%

Peer Comparison

Boutique Fitness Studios

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MMAMixed Martial Arts Group Limited	13.43M	1.03	-0.74	-63.41%	-25.62%	-5.63%		0.10
XPOFXponential Fitness, Inc.	288.39M	8.20	-3.61	0.76%	-15.51%		2.41%

Profit & Loss

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	59.26M	129.13M	106.59M	155.08M	243.2M	317.94M	320.35M
Revenue Growth %	-	1.18%	-0.17%	0.45%	0.57%	0.31%	0.01%
Cost of Goods Sold+	29.31M	55.35M	41.22M	54.31M	82.19M	98.61M	59.48M
COGS % of Revenue	0.49%	0.43%	0.39%	0.35%	0.34%	0.31%	0.19%
Gross Profit+	29.95M	73.78M	65.37M	100.77M	161.01M	219.32M	260.87M
Gross Margin %	0.51%	0.57%	0.61%	0.65%	0.66%	0.69%	0.81%
Gross Profit Growth %	-	1.46%	-0.11%	0.54%	0.6%	0.36%	0.19%
Operating Expenses+	48.06M	94.83M	57.58M	131.59M	147.69M	184.42M	314.48M
OpEx % of Revenue	0.81%	0.73%	0.54%	0.85%	0.61%	0.58%	0.98%
Selling, General & Admin	44.55M	80.5M	60.92M	87.97M	115.98M	148.53M	176.85M
SG&A % of Revenue	0.75%	0.62%	0.57%	0.57%	0.48%	0.47%	0.55%
Research & Development	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-
Other Operating Expenses	3.51M	14.33M	-3.34M	43.61M	31.71M	35.88M	137.63M
Operating Income+	-36.21M	-21.05M	7.79M	-30.82M	13.32M	34.91M	-53.61M
Operating Margin %	-0.61%	-0.16%	0.07%	-0.2%	0.05%	0.11%	-0.17%
Operating Income Growth %	-	0.42%	1.37%	-4.95%	1.43%	1.62%	-2.54%
EBITDA+	-32.7M	-14.66M	15.45M	-20.65M	28.64M	51.79M	-35.9M
EBITDA Margin %	-0.55%	-0.11%	0.14%	-0.13%	0.12%	0.16%	-0.11%
EBITDA Growth %	-	0.55%	2.05%	-2.34%	2.39%	0.81%	-1.69%
D&A (Non-Cash Add-back)	3.51M	6.39M	7.65M	10.17M	15.31M	16.88M	17.71M
EBIT	-36.15M	-20.88M	-776K	2.62M	29.72M	53.91M	-52.79M
Net Interest Income+	-6.2M	-15.92M	-21.07M	-23.55M	-11.21M	-37.12M	-44.43M
Interest Income	56K	168K	345K	1.16M	1.8M	1.61M	1.82M
Interest Expense	6.25M	16.09M	21.41M	24.71M	13.02M	38.73M	46.25M
Other Income/Expense	-6.2M	-15.92M	-21.07M	-19.84M	-11.73M	-40.31M	-45.42M
Pretax Income+	-42.41M	-36.97M	-13.27M	-50.66M	1.59M	-5.41M	-99.04M
Pretax Margin %	-0.72%	-0.29%	-0.12%	-0.33%	0.01%	-0.02%	-0.31%
Income Tax+	73K	164K	369K	783K	488K	1.03M	-342K
Effective Tax Rate %	1%	1%	1.03%	0.37%	0.76%	0.74%	0.66%
Net Income+	-42.48M	-37.13M	-13.64M	-18.83M	1.22M	-4M	-64.95M
Net Margin %	-0.72%	-0.29%	-0.13%	-0.12%	0%	-0.01%	-0.2%
Net Income Growth %	-	0.13%	0.63%	-0.38%	1.06%	-4.29%	-15.23%
Net Income (Continuing)	-42.48M	-37.13M	-13.64M	-51.44M	1.1M	-6.44M	-98.7M
Discontinued Operations	0	0	0	0	0	0	0
Minority Interest	0	0	0	443.96M	-53.28M	-77.55M	-94.24M
EPS (Diluted)+	-1.85	-1.61	-0.59	-2.67	-0.87	-0.44	-2.27
EPS Growth %	-	0.13%	0.63%	-3.53%	0.67%	0.49%	-4.16%
EPS (Basic)	-1.85	-1.61	-0.59	-2.67	-0.87	1.08	-2.27
Diluted Shares Outstanding	22.99M	22.99M	22.99M	23.9M	25.3M	39.7M	32M
Basic Shares Outstanding	22.99M	22.99M	22.99M	23.9M	25.3M	31.74M	32M
Dividend Payout Ratio	-	-	-	-	-	-	-

Balance Sheet

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	24.04M	31.53M	32.7M	51.23M	85.73M	97.25M	84.15M
Cash & Short-Term Investments	11.21M	9.34M	11.3M	21.32M	31.99M	27.76M	16.68M
Cash Only	11.21M	9.34M	11.3M	21.32M	31.99M	27.76M	16.68M
Short-Term Investments	0	0	0	0	0	0	0
Accounts Receivable	4.43M	10.78M	5.2M	13.99M	27.07M	32.95M	31.93M
Days Sales Outstanding	27.27	30.47	17.79	32.94	40.63	37.83	36.38
Inventory	4.53M	4.77M	6.16M	6.93M	10.86M	14.72M	10.02M
Days Inventory Outstanding	56.37	31.45	54.56	46.56	48.25	54.5	61.47
Other Current Assets	2.94M	4.53M	9M	3.71M	15.81M	16.16M	25.53M
Total Non-Current Assets+	274.3M	294.14M	290.13M	364.32M	396.96M	431.45M	319.25M
Property, Plant & Equipment	7.54M	13.99M	13.69M	12.77M	48.6M	90.92M	38.69M
Fixed Asset Turnover	7.86x	9.23x	7.78x	12.14x	5.00x	3.50x	8.28x
Goodwill	140.87M	139.6M	139.68M	169.07M	165.7M	171.6M	135.24M
Intangible Assets	107.11M	102.02M	97.29M	136.86M	137.18M	120.15M	100.94M
Long-Term Investments	0	0	0	3.04M	0	802K	0
Other Non-Current Assets	18.79M	38.54M	39.47M	45.61M	45.48M	47.98M	44.38M
Total Assets+	298.34M	325.67M	322.84M	415.54M	482.69M	528.7M	403.4M
Asset Turnover	0.20x	0.40x	0.33x	0.37x	0.50x	0.60x	0.79x
Asset Growth %	-	0.09%	-0.01%	0.29%	0.16%	0.1%	-0.24%
Total Current Liabilities+	46.35M	56.33M	54.92M	65.89M	72.78M	92.31M	107.89M
Accounts Payable	9.85M	16.82M	18.34M	14.9M	16.18M	19.12M	27.01M
Days Payables Outstanding	122.64	110.95	162.39	100.17	71.88	70.76	165.76
Short-Term Debt	3.54M	3.57M	6.76M	3.94M	3.04M	8.11M	8.75M
Deferred Revenue (Current)	0	0	0	1000K	1000K	1000K	1000K
Other Current Liabilities	25.28M	27.32M	21.43M	20.05M	10.09M	16.5M	11.53M
Current Ratio	0.52x	0.56x	0.60x	0.78x	1.18x	1.05x	0.78x
Quick Ratio	0.42x	0.48x	0.48x	0.67x	1.03x	0.89x	0.69x
Cash Conversion Cycle	-39	-49.03	-90.04	-20.67	17	21.57	-67.92
Total Non-Current Liabilities+	189.8M	242.66M	263.17M	560.12M	617.98M	524.52M	606.33M
Long-Term Debt	138.94M	149.61M	176M	127.98M	133.04M	319.26M	341.74M
Capital Lease Obligations	0	0	0	0	30.58M	70.14M	23.86M
Deferred Tax Liabilities	0	0	0	276.89M	0	0	0
Other Non-Current Liabilities	50.86M	93.05M	87.17M	59.56M	344.89M	17.82M	134.79M
Total Liabilities	236.15M	298.99M	318.09M	626.01M	690.75M	616.83M	714.21M
Total Debt+	142.48M	153.18M	182.77M	131.93M	170.44M	406.62M	379.62M
Net Debt	131.27M	143.84M	171.47M	110.61M	138.45M	378.86M	362.95M
Debt / Equity	2.29x	5.74x	38.49x	-	-	-	-
Debt / EBITDA	-	-	11.83x	-	5.95x	7.85x	-
Net Debt / EBITDA	-	-	11.10x	-	4.83x	7.32x	-
Interest Coverage	-5.79x	-1.31x	0.36x	-1.25x	1.02x	0.90x	-1.16x
Total Equity+	62.19M	26.68M	4.75M	-210.47M	-208.06M	-88.13M	-310.81M
Equity Growth %	-	-0.57%	-0.82%	-45.32%	0.01%	0.58%	-2.53%
Book Value per Share	2.70	1.16	0.21	-8.81	-8.23	-2.22	-9.71
Total Shareholders' Equity	62.19M	26.68M	4.75M	-654.43M	-154.78M	-10.59M	-216.57M
Common Stock	150.2M	152.26M	113.7M	4K	5K	5K	4K
Retained Earnings	-56.72M	-93.85M	-107.49M	-643.83M	-641.9M	-630.13M	-701.84M
Treasury Stock	0	0	0	0	-1.7M	-1.7M	-1.7M
Accumulated OCI	-31.3M	-31.73M	-1.46M	-276.89M	0	-15.43M	0
Minority Interest	0	0	0	443.96M	-53.28M	-77.55M	-94.24M

Cash Flow

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	836K	1.55M	-728K	14.45M	52.06M	32.71M	11.68M
Operating CF Margin %	0.01%	0.01%	-0.01%	0.09%	0.21%	0.1%	0.04%
Operating CF Growth %	-	0.85%	-1.47%	20.85%	2.6%	-0.37%	-0.64%
Net Income	-42.48M	-37.13M	-13.64M	-51.44M	1.1M	-6.44M	-98.7M
Depreciation & Amortization	3.51M	6.39M	7.65M	10.17M	15.31M	16.88M	17.71M
Stock-Based Compensation	1.97M	2.06M	1.75M	9.7M	29.04M	18M	15.47M
Deferred Taxes	888K	2.22M	2.83M	0	0	0	0
Other Non-Cash Items	15.41M	11.3M	-6.57M	32.64M	7.63M	13.62M	71.4M
Working Capital Changes	21.53M	16.72M	7.25M	13.38M	-1.03M	-9.34M	5.79M
Change in Receivables	-2.17M	-6.57M	2.98M	-6.47M	-12.15M	-7.35M	-3.92M
Change in Inventory	-804K	-296K	-1.39M	-768K	-4.37M	-3.96M	5.57M
Change in Payables	6.43M	6.53M	1.71M	-3.01M	469K	889K	8.62M
Cash from Investing+	-24.43M	-9.78M	-4.6M	-50.63M	-14.61M	-11.69M	-14.15M
Capital Expenditures	-8.48M	-7.51M	-2.89M	-3.64M	-16.13M	-7.43M	-4.71M
CapEx % of Revenue	0.14%	0.06%	0.03%	0.02%	0.07%	0.02%	0.01%
Acquisitions	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-
Other Investing	1K	-990K	-619K	-2.23M	1.45M	-1.53M	-936K
Cash from Financing+	31.49M	6.36M	7.29M	46.2M	-21.4M	-21.3M	-1.88M
Debt Issued (Net)	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-
Dividends Paid	0	0	-73.2M	-19.59M	-16.25M	-7.09M	-5.77M
Share Repurchases	-	-	-	-	-	-	-
Other Financing	-2.82M	-2.55M	49.16M	-25.93M	-4.55M	-13.61M	-11.93M
Net Change in Cash	-	-	-	-	-	-	-
Free Cash Flow+	-7.65M	-5.96M	-3.62M	9.59M	35.93M	23.5M	6.96M
FCF Margin %	-0.13%	-0.05%	-0.03%	0.06%	0.15%	0.07%	0.02%
FCF Growth %	-	0.22%	0.39%	3.65%	2.75%	-0.35%	-0.7%
FCF per Share	-0.33	-0.26	-0.16	0.40	1.42	0.59	0.22
FCF Conversion (FCF/Net Income)	-0.02x	-0.04x	0.05x	-0.77x	42.85x	-8.18x	-0.18x
Interest Paid	5.56M	12.86M	17.04M	16.14M	11.63M	34.79M	41.29M
Taxes Paid	63K	174K	228K	1.4M	2.79M	1.57M	563K

Key Ratios

Metric	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-68.31%	-83.58%	-86.8%	-	-	-	-
Return on Invested Capital (ROIC)	-14.04%	-8.68%	3.37%	-60.55%	-	23.68%	-23.46%
Gross Margin	50.54%	57.13%	61.33%	64.98%	66.21%	68.98%	81.43%
Net Margin	-71.68%	-28.76%	-12.8%	-12.14%	0.5%	-1.26%	-20.27%
Debt / Equity	2.29x	5.74x	38.49x	-	-	-	-
Interest Coverage	-5.79x	-1.31x	0.36x	-1.25x	1.02x	0.90x	-1.16x
FCF Conversion	-0.02x	-0.04x	0.05x	-0.77x	42.85x	-8.18x	-0.18x
Revenue Growth	-	117.89%	-17.45%	45.49%	56.82%	30.73%	0.76%

Revenue by Segment

	2021	2022	2023	2024
Franchise	74.46M	115.29M	143.62M	174.52M
Franchise Growth	-	54.83%	24.57%	21.52%
Product	28.55M	47.22M	57.98M	59.48M
Product Growth	-	65.39%	22.78%	2.58%
Equipment Revenue	22.58M	43.46M	56.45M	54.2M
Equipment Revenue Growth	-	92.45%	29.90%	-3.99%
Franchise Marketing Fund Revenue	13.62M	20.38M	27.29M	33.99M
Franchise Marketing Fund Revenue Growth	-	49.63%	33.89%	24.53%
Service, Other	-	38.75M	57.15M	30.46M
Service, Other Growth	-	-	47.49%	-46.70%
Merchandise Revenue	20.14M	27.07M	34.15M	27.17M
Merchandise Revenue Growth	-	34.42%	26.13%	-20.42%
Franchise And Service Revenue	12.72M	18.45M	15.91M	21.81M
Franchise And Service Revenue Growth	-	45.07%	-13.75%	37.05%
Service Other	24.27M	-	-	-
Service Other Growth	-	-	-	-

Frequently Asked Questions

Growth & Financials

Xponential Fitness, Inc. (XPOF) reported $315.7M in revenue for fiscal year 2024. This represents a 433% increase from $59.3M in 2018.

Xponential Fitness, Inc. (XPOF) grew revenue by 0.8% over the past year. Growth has been modest.

Xponential Fitness, Inc. (XPOF) reported a net loss of $49.0M for fiscal year 2024.

Dividend & Returns

Yes, Xponential Fitness, Inc. (XPOF) pays a dividend with a yield of 2.20%. This makes it attractive for income-focused investors.

Xponential Fitness, Inc. (XPOF) generated $14.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.