---
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"
generated_at: "2026-05-24T21:30:42.129259+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 4.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-053936
- JSON: https://secwatch.observer/filing/0001193125-25-053936.json
- Plain text: https://secwatch.observer/filing/0001193125-25-053936.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.