Xponential Fitness(US:XPOF)2026-03-10 20:26Financial Performance - System-wide sales reached $446.7 million in Q4 2025, a 5% increase year-over-year[6] - Reported revenue for Q4 2025 was $83.0 million, a slight decrease of $0.3 million from the prior year[7] - North America same store sales decreased by 4% in Q4 2025, compared to a growth of 7% in the previous year[7] - The net loss for Q4 2025 was $45.6 million, or a loss of $1.17 per basic share, an improvement from a net loss of $62.5 million in Q4 2024[10] - For the full year 2025, total revenue decreased by 2% to $314.9 million, down from $320.3 million in 2024[12] - Adjusted EBITDA for Q4 2025 was $22.9 million, down 26% from $30.8 million in the prior year[11] - Total revenue for the year ended December 31, 2025, was $314,879,000, a decrease of 1.5% compared to $320,346,000 in 2024[30] - Net loss for the year ended December 31, 2025, was $53,671,000, compared to a net loss of $98,696,000 in 2024, representing a 45.7% improvement[32] - Operating income for the year was $19,848,000, a significant recovery from an operating loss of $53,614,000 in 2024[30] - Adjusted EBITDA for the year ended December 31, 2025, was $111,778 thousand, compared to $116,217 thousand in 2024, reflecting a decline of approximately 3.8%[36] - The company reported a net loss of $53,671 thousand for the year ended December 31, 2025, compared to a net loss of $98,696 thousand in 2024, indicating a significant improvement[36] Future Projections - The company plans to open 150 to 170 new studios in 2026, representing a 20% decrease at the midpoint[18] - North America system-wide sales are projected to be between $1.72 billion and $1.80 billion in 2026, indicating a 1% increase at the midpoint[18] - The company expects revenue in the range of $260.0 million to $270.0 million for 2026, a decrease of 16% at the midpoint[18] - Adjusted EBITDA for 2026 is anticipated to be between $100.0 million and $110.0 million, representing a decrease of 6% at the midpoint[18] Cash Flow and Assets - Cash provided by operating activities increased to $28,318,000 in 2025, compared to $11,677,000 in 2024[32] - Cash, cash equivalents, and restricted cash at the end of the period increased to $45,863,000 from $32,739,000 in 2024[32] - Total assets decreased to $345,634,000 as of December 31, 2025, down from $403,397,000 in 2024[28] - Total liabilities increased to $717,587,000 in 2025, compared to $597,402,000 in 2024[28] Franchise Performance - Franchise revenue increased to $192,642,000 in 2025, up 10.2% from $174,524,000 in 2024[30] - System-wide sales growth is driven by new studio openings and increases in same store sales, with management reviewing system-wide sales weekly to assess franchise revenue[38] Impairment and Losses - The company incurred impairment charges of $32,718,000 for goodwill and other noncurrent assets in 2025, down from $62,551,000 in 2024[30] - Net loss attributable to XPO Inc. for the year ended December 31, 2025, was $45,612 thousand, a decrease from a net loss of $62,454 thousand in 2024[34] - Total interest expense for the year ended December 31, 2025, was $45,977 thousand, slightly higher than $44,426 thousand in 2024[36] - Adjusted net loss attributable to Xponential Fitness, Inc. for the three months ended December 31, 2025, was $(32,099) thousand, compared to $(4,804) thousand in 2024[36] - Adjusted net loss per share - basic and diluted for the three months ended December 31, 2025, was $(0.91), compared to $(0.19) in the same period of 2024[36]