Xponential Fitness restates 2023 financials, posts $98.7M FY 2024 net loss; guides FY 2025 Adjusted EBITDA $120-125M

Xponential Fitness, Inc.

Q4 2024 revenue $83.2M (-7% YoY); net loss $62.5M vs $12.3M loss in Q4 2023 due to $41.1M goodwill impairment and $17.1M litigation expenses.
FY 2024 revenue $320.3M (+1% YoY); net loss $98.7M (loss $2.27/basic share) vs $6.4M loss in FY 2023; Adjusted EBITDA $116.2M (+16% YoY).
2023 financials restated due to errors in accrued inventory, 401(k) compliance, purchase accounting, and vendor rebates; net loss increased from $1.7M to $6.4M, no cash impact.
FY 2025 outlook: net new studio openings 200-220 (-12% at midpoint); North America system-wide sales $1.935-1.955B (+13%); revenue $315-325M (flat); Adjusted EBITDA $120-125M (+5%).
North America system-wide sales grew 21% to $464.7M in Q4 2024; same store sales +5% vs +14% prior year; quarterly AUV $668,000 up 9%.

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