Xponential Fitness Inc
NYSE:XPOF
Xponential Fitness Inc
Xponential Fitness, Inc. is a curator of boutique fitness brands across multiple verticals. The company is headquartered in Irvine, California and currently employs 232 full-time employees. The company went IPO on 2021-07-23. The firm is a boutique fitness franchisor in the United States with over 1,889 studios operating across nine distinct brands. The company has a diversified portfolio of brands in fitness and wellness verticals, including Pilates, barre, cycling, stretch, rowing, yoga, boxing, dance and running. The Company’s brands offer consumers engaging experiences that appeal to a range of ages, fitness levels and demographics. The Company’s brands include Club Pilates, Pure Barre, CycleBar, Stretch Lab, Row House, Yoga Six, Rumble, AKT and Stride. The firm offers a robust digital platform containing over 2,400 recorded workouts that can be accessed at-home or on-the-go. The Company’s operational model The Xponential Playbook, helps franchisees generate compelling studio economics. The company provides franchisees with support from the outset, focused on delivering an experience and studio-level productivity.
Xponential Fitness, Inc. is a curator of boutique fitness brands across multiple verticals. The company is headquartered in Irvine, California and currently employs 232 full-time employees. The company went IPO on 2021-07-23. The firm is a boutique fitness franchisor in the United States with over 1,889 studios operating across nine distinct brands. The company has a diversified portfolio of brands in fitness and wellness verticals, including Pilates, barre, cycling, stretch, rowing, yoga, boxing, dance and running. The Company’s brands offer consumers engaging experiences that appeal to a range of ages, fitness levels and demographics. The Company’s brands include Club Pilates, Pure Barre, CycleBar, Stretch Lab, Row House, Yoga Six, Rumble, AKT and Stride. The firm offers a robust digital platform containing over 2,400 recorded workouts that can be accessed at-home or on-the-go. The Company’s operational model The Xponential Playbook, helps franchisees generate compelling studio economics. The company provides franchisees with support from the outset, focused on delivering an experience and studio-level productivity.
Studio Openings: Xponential opened 201 net new studios in 2025, reaching 3,097 global open studios by year-end.
Revenue: Full-year revenue was $314.9 million, down 2% year-over-year, with Q4 revenue flat at $83 million.
Profitability: Adjusted EBITDA for 2025 was $111.8 million, down 4% from 2024; Q4 adjusted EBITDA margin fell to 28% from 37%.
Net Loss: Net loss in Q4 was $45.6 million ($1.17/share), a reduction from $62.5 million in Q4 2024.
Same-Store Sales: Full-year same-store sales rose 0.5%, with Club Pilates up 3%, but Q4 saw negative 4.3% SSS overall and a 3% decline for Club Pilates.
Guidance: 2026 guidance expects 150–170 net new studio openings and revenue of $260–270 million (down 16% YoY), with adjusted EBITDA of $100–110 million.
Strategic Shifts: Company completed divestitures and transitioned to an outsourced retail model, expected to improve EBITDA by $9–10 million in 2026.
FTC Settlement: Xponential agreed to pay $17 million over 12 months as part of a proposed FTC consent order, pending final approval.
