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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.
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Q3 2025 earnings summary6 Nov, 2025

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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Frequently asked questions

Xponential Fitness Inc is a franchisor of boutique fitness brands offering a range of wellness and exercise programs. The company’s portfolio includes studios specializing in pilates, cycling, rowing, dance, and yoga, among others. It supports franchisees through marketing, technology, and operational infrastructure. Xponential Fitness Inc is headquartered in Irvine, California, and its shares are listed on the NYSE.

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