Xponential Fitness Q2 2024 10-Q Filed
Ticker: XPOF · Form: 10-Q · Filed: 2024-08-05T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, fitness-franchise
TL;DR
**XPOF Q2 10-Q is IN. Financials and biz updates are live.**
AI Summary
Xponential Fitness, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter. Key financial metrics and business segment information are provided, reflecting the company's ongoing activities in the fitness franchise sector.
Why It Matters
This filing provides investors with the latest financial health and operational performance of Xponential Fitness, crucial for understanding the company's trajectory in the competitive fitness industry.
Risk Assessment
Risk Level: medium — The company operates in a competitive and evolving fitness industry, subject to economic conditions and consumer trends.
Key Players & Entities
- Xponential Fitness, Inc. (company) — Filer of the 10-Q
- 20240630 (date) — End of reporting period
- 20240805 (date) — Filing date
- 7990 (other) — Standard Industrial Classification Code
- 844395129 (other) — IRS Number
- DE (other) — State of Incorporation
- 1231 (date) — Fiscal Year End
- 001-40638 (other) — SEC File Number
- 17877 VON KARMAN AVE (address) — Business and Mail Address Street 1
- SUITE 100 (address) — Business and Mail Address Street 2
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240630, meaning the filing covers the period ending June 30, 2024.
When was this 10-Q filed with the SEC?
The filing date (ACCESSION NUMBER) is 20240805.
What is Xponential Fitness, Inc.'s Standard Industrial Classification code?
The SIC code is 7990, categorized under SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION.
What is the company's fiscal year end?
The company's fiscal year ends on 1231.
What is the SEC file number for Xponential Fitness, Inc.?
The SEC File Number is 001-40638.
Filing Stats: 4,509 words · 18 min read · ~15 pages · Grade level 19.1 · Accepted 2024-08-02 20:08:57
Key Financial Figures
- $0.0001 — tered Class A common stock, par value $0.0001 per share XPOF New York Stock Excha
Filing Documents
- xpof-20240630.htm (10-Q) — 3503KB
- xpof-ex10_2.htm (EX-10.2) — 29KB
- xpof-ex31_1.htm (EX-31.1) — 17KB
- xpof-ex31_2.htm (EX-31.2) — 17KB
- xpof-ex32_1.htm (EX-32.1) — 10KB
- xpof-ex32_2.htm (EX-32.2) — 10KB
- 0000950170-24-090222.txt ( ) — 12974KB
- xpof-20240630.xsd (EX-101.SCH) — 1909KB
- xpof-20240630_htm.xml (XML) — 2179KB
Financial Statements (Unaudited)
Financial Statements (Unaudited) 1 Condensed Consolidated Balance Sheets 1 Condensed Consolidated Statements of Operations 2 Condensed Consolidated Statements of Changes to Stockholder's Equity (Deficit) 3 Condensed Consolidated Statements of Cash Flows 5 Notes to Condensed Consolidated Financial Statements 7 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 33 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 50 Item 4.
Controls and Procedures
Controls and Procedures 50 PART II. OTHER INFORMATION 51 Item 1.
Legal Proceedings
Legal Proceedings 51 Item 1A.
Risk Factors
Risk Factors 51 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 51 Item 3. Defaults Upon Senior Securities 51 Item 4. Mine Safety Disclosures 51 Item 5. Other Information 51 Item 6. Exhibits 52
Signatures
Signatures 53
—FINANCIAL INFORMATION
PART I—FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements. Xponential Fitness, Inc. Condensed Consolidated Balance Sheets (Unaudited) (amounts in thousands, except per share amounts) June 30, December 31, 2024 2023 Assets Current assets: Cash, cash equivalents and restricted cash $ 26,017 $ 37,094 Accounts receivable, net (Note 10) 29,771 32,751 Inventories 13,273 14,724 Prepaid expenses and other current assets 8,242 5,856 Deferred costs, current portion 8,066 6,620 Notes receivable from franchisees, net 352 203 Total current assets 85,721 97,248 Property and equipment, net 18,553 19,502 Right-of-use assets 43,387 71,413 Goodwill 163,036 171,601 Intangible assets, net 120,232 120,149 Deferred costs, net of current portion 43,043 46,541 Notes receivable from franchisees, net of current portion 108 802 Other assets 1,159 1,442 Total assets $ 475,239 $ 528,698 Liabilities, redeemable convertible preferred stock and stockholders' equity (deficit) Current liabilities: Accounts payable $ 22,694 $ 19,119 Accrued expenses 14,411 14,088 Deferred revenue, current portion 29,343 34,674 Current portion of long-term debt 5,147 4,760 Other current liabilities 20,235 19,666 Total current liabilities 91,830 92,307 Deferred revenue, net of current portion 111,232 117,305 Contingent consideration from acquisitions (Note 16) 11,600 8,666 Long-term debt, net of current portion, discount and issuance costs 318,454 319,261 Lease liability 38,047 70,141 Other liabilities 4,831 9,152 Total liabilities 575,994 616,832 Commitments and contingencies (Note 16) Redeemable convertible preferred stock, $ 0.0001 par value, 400 shares authorized, 115 shares issued and outstanding as of June 30, 2024 and December 31, 2023 122,903 114,660 Stockholders' equity (deficit): Undesignated preferred stock, $ 0.0001 par value, 4