XPOF Stock — Xponential Fitness, Inc.

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Next earnings call

Feb 25, 2027 Est · unconfirmed · in 15 wks

Q3 2026 earnings call transcript

call held Nov 5, 2026

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Latest documents

what the company just published, in one sentence each

2026

Nov 9

Quarterly report 10-Q FY2026 Q3, ended Sep 30

Revenue falls as operating income rises

For the three months ended September 30, 2026, Xponential Fitness reported total revenue, net declined from 78,824 to 62,261, while operating income rose from 3,566 to 19,542, in thousands. Same store sales declined (8%).

Revenue $2.94M ▲ 23.4% Net income $4.21M Diluted EPS $0.10

Read from the MD&A section

4 source passages

The following table presents our condensed consolidated results of operations for the three and nine months ended September 30, 2026 and 2025: Total revenue, net | 62,261 | 78,824 | 188,943 | 231,915 Operating income | 19,542 | 3,566 | 42,099 | 28,068 Same store sales growth | (8%) | (1%) | (7%) | 2% Open the document at this passage

Nov 5

Earnings call

Q3 revenue fell 21% as strategic alternatives review continued

Exponential Fitness reported third-quarter 2026 revenue of $62.3 million, down 21%, and adjusted EBITDA of $24.3 million, down 27%. Same-studio sales fell 7.5%, while the board continued reviewing strategic alternatives.

5 source passages

Good afternoon, and thank you all for joining our conference call to discuss Exponential Fitness' third quarter 2026 financial results. On a consolidated basis, revenue for the quarter was $62.3 million, down $16.6 million, or 21%, compared to $78.8 million in Q3 2025. Adjusted EBITDA was $24.3 million in the third quarter, down $9.2 million, or 27%, compared to Q3 2025. same studio sales were down 7.5% overall and down 5.6% for Club Pilates. The board remains actively engaged in a review of strategic alternatives designed to maximize long-term shareholder value, including strategic, financial, and operational alternatives. Open the document at this passage

Nov 5

Current report 8-K

Strategic Review Continues as Revenue Falls and Profit Emerges

Xponential Fitness reported Q3 revenue of $62.3 million and net income of $4.9 million for the quarter ended September 30, 2026; adjusted EBITDA fell to $24.3 million from $33.5 million. Its strategic alternatives review remains active, with Jefferies advising.

Financial results

5 source passages

Revenue of $62.3 million, down from $78.8 million. Net income of $4.9 million, or $0.10 per basic share, on a share count of 42.2 million shares of Class A Common Stock, compared to a net loss of $6.7 million, or loss per share of $0.18, on a share count of 35.1 million shares of Class A Common Stock. Adjusted EBITDA^5^ of $24.3 million, compared to $33.5 million. Xponential Fitness, Inc. (NYSE: XPOF) (“Xponential” or the “Company”), one of the leading global franchisors of boutique health and wellness brands, today reported financial results for the third quarter ended September 30, 2026. As the Company announced in April, its Board of Directors initiated a review to explore alternatives to maximize shareholder value, led by Xponential’s independent directors and supported by Jefferies as financial advisor. Open the document at this passage

Oct 13

Current report 8-K Events of Oct 12

Entered into a material agreement, Change to shareholders' rights, Charter or bylaw amendment, or fiscal year change, Regulation FD disclosure

Xponential Fitness adopted the rights agreement dated October 12, 2026, declaring one right per Class A common stock share for October 22, 2026 record holders; each buys one one-thousandth share of Series B Preferred Stock at $15.00 per Unit.

Read from the first part of this long document

Sep 8

Current report 8-K Events of Sep 1

Director or officer change, or executive pay, Regulation FD disclosure AI summary on its way

All documents

Metrics snapshot

Useful current figures from the complete screener profile.

View all 125 metrics

Revenue (TTM)

$11.17M

Trailing 12 months

Net income (TTM)

−$33.16M

Trailing 12 months

Revenue growth YoY

+23.4%

Year over year

Operating margin

303.4%

Trailing 12 months

P / E (TTM)

—

Trailing earnings

FCF yield

-5.3%

TTM · current market cap

Return on invested capital

—

Trailing 12 months

Net cash

−$477.15M

Latest balance sheet

Dividend yield

—

Trailing 12 months

Shares change YoY

+40.3%

Year over year · more shares

Price change (1Y)

-26.0%

Trailing year

Short interest

22.9%

Latest settlement · 13.9 days to cover

View all 125 metrics

Quarterly results

Revenue Net income Net loss

▲2.2% $3.09M −$43.49M '24 Q4* ▼27.1% $2.62M −$1.92M '25 Q1 ▼22% $2.73M $969,000 '25 Q2 ▼37.4% $2.38M −$4.86M '25 Q3 ▲8.8% $3.36M −$32.87M '25 Q4* ▼17.4% $2.16M −$725,000 '26 Q1 ▼1% $2.70M −$4.14M '26 Q2 LATEST ▲23.4% $2.94M $4.21M '26 Q3

* Q4 derived as the full year minus Q1 to Q3.

AI Brief

Q3 FY26 earnings call · Nov 5, 2026

Q3 FY26

TL;DR. Xponential delivered GAAP net income, international unit growth, Club Pilates AUV above $1 million, early website conversion gains and legal progress. The quarter remained weak, with lower revenue, same-store sales, adjusted earnings and EBITDA, while net-opening guidance was reduced and adjusted-EBITDA guidance was narrowed.

Bullish

+ Reported Q3 net income of $4.9 million versus a prior-year net loss of $6.7 million.
+ Club Pilates' new website produced a double-digit percentage increase in lead-form submissions and first-class appointment conversion.
+ Club Pilates reached over a million dollars in AUV.
+ International net unit growth reached 19 studios in Q3 and 48 year to date.
+ Franchise disclosure documents were substantially refreshed, with registration pending only in Maryland.
+ The company made significant progress on key legal matters, improving its cash-flow profile.

Bearish

− Q3 revenue fell 21% to $62.3 million from the prior-year period.
− North America same-store sales declined 7.5%, worsening from a 0.8% decline.
− Adjusted EBITDA fell 27% to $24.3 million from $33.5 million.
− Adjusted net income declined to $2.2 million, or $0.04 per basic share, from $19.3 million, or $0.36 per basic share.
− Net new studio opening guidance was reduced to 124–130, representing a 37% decrease at the midpoint versus prior guidance of approximately 150.
− Full-year adjusted EBITDA guidance was narrowed to $91.0 million–$94.0 million from $91.0 million–$97.0 million.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice

Overall

Sell

SellHoldBuy

Technical Buy Momentum Weak Sentiment Bullish Fundamentals Fair Quant / Vol Very High

Market backdrop VIX 19.3 · elevated Equity put/call 0.63

Technical

price trend

Buy

50 / 200-day cross No cross

Price vs 200-day avg −20%

below

Price vs 50-day avg +8%

above

RSI (14) 55

neutral

MACD trend Positive

52-week position 20%

mid-range

Momentum

relative strength

Weak

1-month return +5%

trailing

6-month return −19%

trailing

YTD return −43%

this year

Relative strength −19%

vs S&P · 6-mo

Sentiment

smart money

Bullish

Trend (MA cross) No cross

50d $4 › 200d $6 — 200d above 50d

Institutional flow Accumulating

83 of 119 funds reported for Sep 30 · net +1.2M sh shares · +5 new

Insider flow Flat

No net insider activity over 90 days

Short interest Falling

22.86% of shares out · ▼ -7.1% MoM · 13.9 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr low

119 holders — near 3-yr low, contrarian setup

Squeeze score 76

high risk · 0–100

Fundamentals

Fair

Revenue growth −21%

Y/Y

EPS growth +35%

Y/Y

Free cash flow $24.7M

Balance sheet $459.9M

net debt

Quant / Vol

risk profile

Very High

Volatility 82%

annualized · 1-yr

Max drawdown −59%

past year

ATR 7.4%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Beat or met 0 of last 4

Latest guidance · from the Earnings Call filed Aug 6, 2026

full-year

Total 2026 revenue Lowered $250M – $260M

May 7, 2026 $260M – $270M Aug 6, 2026 $250M – $260M

prior FY $11.09M midpoint +2199.0% Y/Y

Adjusted EBITDA Non-GAAP $91M – $97M

full-year 2026

North America system-wide sales Lowered $1.7B – $1.75B

May 7, 2026 $1.72B – $1.8B Aug 6, 2026 $1.7B – $1.75B

Previous outlook earlier release · from the Earnings Call filed May 7, 2026

Still-open targets the latest release did not restate under the same label.

Closures as a percentage of total open studios · 2026 3% – 5%

Adjusted EBITDA margin · 2026 39.6%

Additional payments related to the settlement of both the franch · remainder of 2026 $16.4M

Guided vs delivered · last 4 settled

Revenue full year 2024

guided $310M – $320M

guided $310M – $320M $13.99M Miss −95.6%

Revenue full year 2023

guided $305M – $310M

guided $305M – $310M $13.36M Miss −95.7%

Revenue full year 2022

guided $235M – $240M

guided $235M – $240M $12.25M Miss −94.8%

Revenue full year 2021

guided $147M – $148.5M

guided $147M – $148.5M $2.74M Miss −98.1%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Buy

1 · 3 · 2

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

−20% Bearish

Price vs 50-day avg

+8% Bullish

RSI (14)

55 Neutral

MACD trend

Positive Bullish

52-week position

20% Neutral

Market signals — smart money & positioning

Bullish · 2 of 6

Trend (MA cross) No cross

50d $4 › 200d $6 — 200d above 50d

Institutional flow Accumulating

83 of 119 funds reported for Sep 30 · net +1.2M sh shares · +5 new

Insider flow Flat

No net insider activity over 90 days

Short interest Falling

22.86% of shares out · ▼ -7.1% MoM · 13.9 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr low

119 holders — near 3-yr low, contrarian setup

Price context

position in its 52-week range

Range low $4 Now $5 · 20% Range high $9

vs 200-day avg -20% vs 50-day avg +8%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings

Metric	Latest	Period	YoY
AUV (LTM as of period end)	$681K	three months ended June 30, 2026 filing	—
Number of licenses contractually obligated to open internationally (cumulative total as of perio	739	three months ended June 30, 2026 filing	—
Number of licenses sold globally (cumulative total as of period end)	5,452	three months ended June 30, 2026 filing	—
Number of studios operating globally (cumulative total as of period end)	3,165	three months ended June 30, 2026 filing	—
Quarterly AUV (run rate)	$659K	three months ended June 30, 2026 filing	—
System-wide sales	$437.26M	three months ended June 30, 2026 filing	—
Adjusted EBITDA non-GAAP	$21.9M	Q2 2026	—
GAAP → non-GAAP reconciliation EBITDA $11.28M (non-GAAP) +$1.7M Equity-based compensation +$28K Employer payroll taxes related to equity-based compensation +$1.44M Acquisition and transaction expense (income) +$791K Litigation expenses +$1.59M Financial transaction fees and related expenses +$0K TRA remeasurement +$0K Impairment of goodwill and other noncurrent assets +$4M Loss and expenses due to brand divestitures (excluding impairments) +$931K Executive transition costs +$0K Transformation initiative costs +$168K Restructuring and related charges (excluding impairments) = Adjusted EBITDA $21.94M
Adjusted net income non-GAAP	$0.8M	Q2 2026	—
North America quarterly run-rate average unit volume (AUV)	$659,000	Q2 2026	—
North America same store sales	6.8%	Q2 2026	—
Number of franchise licenses sold	53	Q2 2026	—
Number of gross new studios opened	67	Q2 2026	—

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Leisure — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
XPOF Xponential Fitness, Inc. this stock	$232.14M	-42.9%	-20.7%	—	22.9%
AS Amer Sports, Inc.	$17.42B	-19.8%	—	—	2.4%
HAS Hasbro, Inc.	$16.86B	+47.0%	+13.1%	17.9	4.5%
LTH Life Time Group Holdings, Inc.	$10.45B	+75.0%	+14.3%	25.2	4.5%
GWKSY Games Workshop Group PLC	$7.34B	-16.2%	—	—	0.0%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Accumulating

Holders

106

% held: 72.8%
Reported: 83 of 119
Top holder: Voss Capital, LP

Held Float

View

Held by Funds

Fund positions

94

View

Short & Settlement

Short Interest Falling

Shares short

11.3M

Days to cover: 13.9d
Change: -862.9K sh

View

Short Volume

Short vol %

56%

As of: Nov 13, 2026

Short Total

View

Fails to Deliver

FTD shares

91.1K

Value: $438.1K
As of: Oct 13, 2026

View

Off-Exchange

Off-exchange %

32.1%

Week of: Oct 5, 2026

Off-exch Lit

View

Financials

Revenue (FY)

$11.1M

Net income (FY): $-38.7M
EPS diluted: $-1.47

View

Buybacks

Authorized

shares 85

View

Filings

SEC Filings

Latest

10-Q

Filed: Nov 9, 2026
This year: 18

For the three months ended September 30, 2026, Xponential Fitness reported total revenue, net declined from 78,824 to 62,261, while operating income rose from 3,566 to 19,542, in thousands. Same store sales declined (8%).

View

Proposed Sales

Value

$20.8M

Shares: 1.4M
Filed: Nov 21, 2024

View

Earnings & Events

Webcasts

Last webcast

Nov 5, 2026

View

Investor Relations

	5D	20D	120D	MTD	YTD
XPOF	+1.1%	+5.2%	-18.5%	+5.4%	-42.9%
SPY	+2.6%	-1.2%	+0.5%	-0.2%	+10.6%
vs SPY	-1.5%	+6.3%	-19.0%	+5.6%	-53.5%

XPOF · Xponential Fitness, Inc.

Price & Indicators

Up next

Latest documents

Metrics snapshot

Quarterly results

AI Brief

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance

Capital returns