NYSE$XPOF

Xponential Fitness Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Xponential Fitness reported a decline in revenue and a wider net loss for Q4 2024 compared to the previous year.

Xponential Fitness saw a 7% decrease in revenue, reporting $83.2 million for Q4 2024. The company posted a net loss of $62.5 million, compared to a loss of $12.3 million in Q4 2023. Adjusted EBITDA improved to $30.8 million. North America system-wide sales increased by 21%, while same-store sales grew by 5%.

  • Revenue declined 7% to $83.2 million due to lower equipment, merchandise, and other service revenues.
  • North America system-wide sales increased 21% to $464.7 million.
  • Adjusted EBITDA rose to $30.8 million, up from $27.2 million in Q4 2023.
  • The company reported a net loss of $62.5 million, driven by impairment charges and litigation expenses.

Headline financials

Total Revenue

$83.2M

Previous: $90.2M-7.8%
EPS (adj)

-$0.19

Previous: $0.08-337.5%
North America System-Wide Sales

$465M

No prior period
North America Same Store Sales Growth

5.0%

No prior period
Gross New Studio Openings

464

No prior period
North America Total Members

813.0K

No prior period
Net Income

-$62.5M

Previous: $3.07M-2137.2%
Operating Income

-$51.9M

Previous: $7.18M-823.4%

Revenue & EPS history

Xponential Fitness · Revenue · Quarterly

$83.2M

Q4 2024-7.8%vs Q4 2023
Beat estimate in 4 of 15 quarters(27%)
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

Xponential Fitness expects revenue to remain flat in 2025, with an increase in system-wide sales and Adjusted EBITDA.

Tailwinds

  • System-wide sales projected to grow 13% to approximately $1.935B-$1.955B.
  • Adjusted EBITDA expected to increase 5% to $120M-$125M.
  • Net new studio openings expected in the range of 200-220.
  • Tax rate expected to remain in the mid-to-high single digits.
  • Stable revenue outlook between $315M and $325M.

Headwinds

  • Net new studio openings to decline by approximately 12% at the midpoint.
  • Revenue expected to remain flat compared to 2024.
  • Ongoing litigation expenses continue to be a financial burden.
  • Increased impairment charges and restructuring costs impacted profitability.
  • Share count expected to rise to 34M, potentially diluting earnings per share.

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 2024

Historical avgQ4 2024

-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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