{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-053936","form_type":"8-K","ticker":"XPOF","cik":"0001802156","company_name":"Xponential Fitness, Inc.","filed_at":"2025-03-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.924537+00:00","generated_at":"2026-05-24T21:30:42.129259+00:00","sec_items":["2.02","4.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Xponential Fitness restates 2023 financials, posts $98.7M FY 2024 net loss; guides FY 2025 Adjusted EBITDA $120-125M","bullets":["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%."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-053936","json":"https://secwatch.observer/filing/0001193125-25-053936.json","markdown":"https://secwatch.observer/filing/0001193125-25-053936.md","text":"https://secwatch.observer/filing/0001193125-25-053936.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1802156/000119312525053936/0001193125-25-053936-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1802156/000119312525053936/d937371d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T21:30:42.129259+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}