NYSE$XPOF

Xponential Fitness Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Xponential Fitness reported strong Q4 2021 results, marked by significant revenue growth and North American system-wide sales increase.

Xponential Fitness reported a 78% increase in revenue to $49.4 million and a 76% increase in North American system-wide sales to $213.0 million for Q4 2021. The company's North American same-store sales grew by 53%, and the North American quarterly run-rate AUV reached $446,000. Despite the revenue growth, the company posted a net loss of $29.8 million, or $2.45 per share, but adjusted EBITDA was $8.6 million.

  • Revenue grew by 78% to $49.4 million compared to Q4 2020.
  • North American system-wide sales increased by 76% to $213.0 million.
  • North American same-store sales grew by 53%, compared to a decline of 35% in Q4 2020.
  • North American quarterly run-rate AUV was $446,000, compared to $286,000 in Q4 2020.

Headline financials

Total Revenue

$49.4M

Previous: $27.8M+77.8%
EPS (adj)

-$0.21

Previous: -$0.22+4.5%
North America System-Wide Sales

$213M

Previous: $121M+76.0%
North America Same Store Sales Growth

53.0%

Previous: -35.0%+251.4%
Capital Expenditures

$1.03M

No prior period
Free Cash Flow

$9.49M

No prior period
Net Income

-$29.8M

Previous: -$5.06M-489.4%
Operating Income

-$26.9M

Previous: -$564K-4672.5%
Gross Profit

$32.2M

Previous: $18.4M+75.6%
Cash & Equivalents

$21.3M

No prior period
Total Assets

$416M

No prior period
Stock-Based Comp

$5.5M

No prior period

Revenue & EPS history

Xponential Fitness · Revenue · Quarterly

$49.4M

Q4 2021+77.8%vs Q4 2020
Beat estimate in 5 of 12 quarters(42%)
ActualEstimate

Revenue by segment

Xponential Fitness · $80.4M total across 5 segments · Q3 2023

  • Franchise Revenue
    $36.4M+21.4%
  • Other Service Revenue
    $16M+52.0%
  • Equipment Revenue
    $12.6M+6.7%
  • Merchandise Revenue
    $8.46M+35.0%
  • Franchise Marketing Fund Revenue
    $6.95M+34.3%

Forward guidance

For full year 2022, Xponential Fitness anticipates significant growth across key metrics.

Tailwinds

  • New studio openings are projected to increase by 81%.
  • North American system-wide sales are expected to grow by 41%.
  • Revenue is forecasted to increase by 33%.
  • Adjusted EBITDA is anticipated to grow by 153%.
  • Company expects to open over 500 new studios in 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 17 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

-2.5%

Avg return

Earnings day

-0.5%

Avg return

5 days after

+2.8%

Avg return

30 days after

37%

7 / 19 earnings

Positive

+44.3%

Q4 2023

Best reaction

-47.2%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-14.4%-22.0%
Q4 2025-47.2%-31.3%-28.6%
Q3 2025+1.4%+1.1%+12.4%
Q1 2025-7.5%+13.0%+9.1%
Q4 2024-38.4%-29.4%-39.4%
Q3 2024-3.5%+0.7%-2.4%
Q2 2024-23.5%-19.3%-24.8%
Q1 2024+3.8%-20.8%-7.0%
Q4 2023+44.3%+38.9%+69.8%
Q3 2023-3.2%-8.0%-15.7%
Q2 2023-7.3%-6.0%+5.3%
Q1 2023-8.8%-11.7%-20.2%
Q4 2022+15.5%+16.1%+19.7%
Q3 2022+15.2%+21.9%+22.1%
Q2 2022+19.4%+26.7%+23.0%
Q1 2022-9.9%+1.9%-2.1%
Q4 2021-7.1%-7.8%+12.5%
Q3 2021+24.5%+22.2%+16.2%
Q2 2021-1.2%+3.6%+0.1%
Q4 2020
Q3 2020
Q2 2020
Q1 2020

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