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Xponential Fitness (XPOF) investor relations material
Xponential Fitness Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Leadership transition completed with new CEO emphasizing operational improvements and brand focus, with 3,066 global studios (+8% YoY) and 796,000 members (+7% YoY).
Portfolio streamlined to five core brands after divestitures, aiming for better franchisee support and efficiency.
System-wide sales reached $432.2 million in Q3 2025, up 10% year-over-year, with Club Pilates leading in scale and performance.
Strategic focus on marketing, operations, unit growth, innovation, and cost efficiencies.
Net loss narrowed to $6.7 million from $18.1 million in Q3 2024; adjusted net income improved to $19.3 million from an adjusted net loss of $0.3 million.
Financial highlights
Q3 2025 revenue was $78.8 million, down 2% year-over-year; 73% of revenue was recurring.
Adjusted EBITDA was $33.5 million, up 9% year-over-year, with a margin of 42%.
Franchise revenue rose 17% to $51.9 million, while equipment and merchandise revenues declined sharply.
North America system-wide sales reached $432.2 million, up 10% year-over-year; average unit volumes increased 2% to $668,000.
Same-store sales declined 1% for the quarter but were up 5.4% on a two-year stacked basis.
Outlook and guidance
2025 guidance reiterated for net new studio openings (170–190), revenue ($300–$310 million), and adjusted EBITDA ($106–$111 million).
North America system-wide sales projected at $1.73–$1.75 billion, a 12% increase at midpoint.
Net new studio openings expected to decrease 37% year-over-year; closures to be about 5% of global system.
Adjusted EBITDA margin expected at 35.6% for 2025.
Capex guidance reduced to $6–$8 million for the year; marketing fund spend in Q4 to exceed revenue by $5 million due to national campaign.
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