secwatch.observer — SEC 8-K summary
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Issuer:     Xponential Fitness, Inc. (XPOF)
CIK:        0001802156
Form:       8-K
Filed at:   2025-03-13T23:59:59+00:00
Accession:  0001193125-25-053936
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802156/000119312525053936/0001193125-25-053936-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802156/000119312525053936/d937371d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-053936

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