XPOFNYSEServices-Miscellaneous Amusement & RecreationFiscal year ends December 31
Xponential Fitness, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$4.42−0.05 (-1.12%)
Close on Oct 19, 2026
- Market cap
- $185.78M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Operating margin
178.9%−463.6 pts over 5 years
Net margin
-348.7%+775.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -20.7% | -3.3% | +55.7% | – | |
| Operating income | – | +14.2% | +20.6% | – | |
| Free cash flow | +255.2% | -16.9% | – | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -86.8% | 15.9% | |
| Return on assets | – | – | -10.3% | |
| Current ratio | – | 0.60 | 0.82 | |
| Debt to equity | – | 38.28 | -1.88 | |
| Net debt to EBITDA | – | 11.04× | 14.43× | |
| Interest coverage | -1.3× | 0.4× | 0.4× | |
| Capex to revenue | 5.6% | 155.0% | 32.3% | |
| Diluted shares | – | – | 35M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Xponential Fitness generated $139.22M from operations and spent $78.70M on capital expenditure, dividends and share buybacks. 36% of that went back into the business.
Generated
$139.22M
Used
$78.70M
Capital expenditure$28.32M36%Dividends$00%Share buybacks$50.38M64%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-348.7%
×Asset turnover0.03×
×Equity multiplier-1.54×
=Return on equity, FY202515.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -348.7% | 0.03× | -1.54× | 15.9% |
| FY2024 | -483.7% | 0.03× | -2.69× | 39.0% |
| FY2023 | -29.9% | 0.03× | -3.55× | 2.8% |
| FY2022 | 9.9% | 0.03× | -1.11× | -0.3% |
| FY2021 | -686.9% | 0.01× | -1.14× | 5.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$38.68M
- Cash generatingOperating cash flow above zero$28.32M
- Return on assets improvedROA up on the prior year-12.8% → -9.6%
- Earnings backed by cashOperating cash flow above net income$28.32M vs -$38.68M
- Less leverageLong-term debt to assets fell84.7% → 144.8%
- Better liquidityCurrent ratio rose0.78 → 0.82
- No dilutionShare count did not rise32M → 35M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.03 → 0.03