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Xponential Fitness (XPOF) earnings and revenue breakdown
Latest: Q3 2026 · 8-K filed Nov 5, 2026
Q3 2026 Revenue down 21% year over year to $62.3M · 7¢ of every $1 of revenue kept as net profit · operating margin 31.4%
Xponential Fitness made $62.3M in Q3 2026 (-21% Y/Y): Franchise revenue $43.4M, Franchise marketing fund revenue $8.5M, Other service revenue $5.7M. Operating margin 31.4%, net earnings $4.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 8-K filed Nov 5, 2026 (preliminary, from the earnings release).
Drawing the Sankey…
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What changed this quarter
Revenue was $62.3M in Q3 2026, down 21% year over year and down 6% from the previous quarter. Franchise revenue was the largest line at 70% of revenue. Franchise revenue lost $8.5M year over year (down 16%), 51% of the total change.
Operating profit was $19.5M, a 31.4% margin (up 26.9 points year over year). Total costs fell 43% while revenue fell 21%. The fastest-growing cost line was SG&A (+14%). Net earnings were $4.2M. The effective tax rate was 2.4%.
Operating cash flow was $4.6M (down 50% year over year), 94% of net income including minority interests. Non-cash charges added back $1.3M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items used $3.6M. Capital expenditures of $546K left free cash flow of $4.1M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 8-K | Nov 5, 2026 | $62.3M | -21% | 31.4% | $4.2M | $4.6M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $66.0M | -13% | 14.4% | −$4.8M | −$4.0M |
| Q1 2026 | 10-Q | May 8, 2026 | $60.7M | -21% | 21.5% | −$820K | −$21.7M |
| Q4 2025 | 10-K | Mar 4, 2026 | $83.0M | -0.3% | -9.9% | −$45.6M | $10.7M |
| Q3 2025 | 10-Q | Nov 10, 2025 | $78.8M | -2% | 4.5% | −$6.7M | $9.3M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $76.2M | -0.9% | 19.5% | $969K | $2.5M |
| Q1 2025 | 10-Q | May 9, 2025 | $76.9M | -4% | 12.6% | −$2.7M | $5.8M |
Charts
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Xponential Fitness
Xponential Fitness, Inc. (the “Company” or “XPO Inc.”) through its principal operating subsidiary, Xponential Fitness LLC (“XPO LLC”), and other subsidiaries, is one of the leading global franchisors of boutique health and wellness brands. We operate a diversified platform of five brands spanning across verticals including Pilates, barre, stretching, functional training, and yoga. In partnership with its franchisees and master franchisees, XPO LLC offers energetic, accessible, and personalized workout experiences led by highly qualified instructors in studio locations throughout North America and internationally, with franchise, master franchise and international expansion agreements in 49 U.S. states, Puerto Rico, and 28 additional countries as of December 31, 2025.
In its own words, from its 10-K, filed Mar 4, 2026.
Xponential Fitness against its Services-Miscellaneous Amusement & Recreation peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -21% against the peers' median +7%. Operating margin: 31.4% against the peers' median 11.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| XPOF Xponential Fitness | Q3 2026 | $62.3M | -21% | 31.4% |
| DIS Walt Disney | Q3 FY26 | $25.2B | +7% | 22.0% |
| DKNG DraftKings | Q3 2026 | $1.3B | +16% | -37.1% |
| STUB StubHub Holdings | Q2 2026 | $573M | +33% | 3.4% |
| PRKS United Parks & Resorts | Q3 2026 | $506M | -1% | 27.8% |
| RSI Rush Street Interactive | Q3 2026 | $386M | +39% | 11.1% |
| MTN Vail Resorts | Q4 FY26 | $278M | +2% | -75.1% |
| PRSU Pursuit Attractions & Hospitality | Q3 2026 | $252M | +4% | 45.0% |
| MSGE Madison Square Garden Entertainment | Q1 FY27 | $217M | +37% | 4.5% |
Source: Xponential Fitness 8-K on SEC EDGAR · CIK 1802156 · Services-Miscellaneous Amusement & Recreation
Guidance and outlook
13F: who owns XPOF and who is buying
More on XPOF
- How Xponential Fitness makes money: revenue by segment
- Xponential Fitness next earnings date and what analysts expect
- Xponential Fitness stock forecast, price target and fair value
- Who owns Xponential Fitness stock: holders, funds and Congress trades
- Xponential Fitness guidance and outlook
- Is Xponential Fitness a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results