Filing Flows

Filing Flows › Companies › Xponential Fitness › Cash flow

Xponential Fitness cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$4.3M in Q2 2026 · −$8.1M over twelve months

Operating cash flow−$4.0M
Capital spending−$272K
Free cash flow−$4.3M

Analysis

In Q2 2026, Xponential Fitness generated −$4.0M of operating cash flow and spent $272K on capital projects, leaving free cash flow of −$4.3M. That is $5.3M less than in Q2 2025 ($996K).

Over the twelve months to Jun 30, 2026, operating cash flow was −$5.8M; the largest uses were other financing ($123M), operating cash flow ($5.8M), capital spending ($2.3M); besides operations, cash came from net borrowing (+) / repaid (−) ($114M), other investing ($5.5M); the cash balance fell by $13.7M.

Operating cash flow was −$4.0M against net income of −$4.8M. The largest differences: accrued liabilities −$10.7M, deferred revenue −$6.4M, prepaid and other assets +$5.5M.

Free cash flow

Xponential Fitness: free cash flow by quarterXponential Fitness: free cash flow by quarter$3.4MQ3 2024$878KQ4 2024$5.4MQ1 2025$996KQ2 2025$8.2MQ3 2025$10.2MQ4 2025−$22.2MQ1 2026−$4.3MQ2 2026
Operating cash flow less capital spending.
Xponential Fitness: operating cash flow against capital spendingXponential Fitness: operating cash flow against capital spendingOperating cash flowCapital spending$5.2M$1.8MQ3 2024$776K−$102KQ4 2024$5.8M$465KQ1 2025$2.5M$1.5MQ2 2025$9.3M$1.1MQ3 2025$10.7M$511KQ4 2025−$21.7M$464KQ1 2026−$4.0M$272KQ2 2026
Latest (Q2 2026): Operating cash flow −$4.0M, Capital spending $272K.

Capital allocation, year by year

Xponential Fitness: where the cash came from (up) and went (down), by fiscal yearXponential Fitness: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $14.5MFY2021: Net borrowing −$54.7MFY2021: Shares issued $122MFY2021: Asset sales $433KFY2021: Capital spending −$3.6MFY2021: Acquisitions −$44.3M$137MFY2021FY2022: Operating cash flow $52.1MFY2022: Net borrowing $4.4MFY2022: Asset sales $65KFY2022: Capital spending −$9.0M$56.6MFY2022FY2023: Operating cash flow $32.7MFY2023: Net borrowing $185MFY2023: Asset sales $60KFY2023: Capital spending −$7.4MFY2023: Acquisitions −$2.6MFY2023: Buybacks −$50.4M$218MFY2023FY2024: Operating cash flow $11.7MFY2024: Net borrowing $19.1MFY2024: Shares issued $210KFY2024: Asset sales $346KFY2024: Capital spending −$4.7MFY2024: Acquisitions −$8.5M$31.3MFY2024FY2025: Operating cash flow $28.3MFY2025: Net borrowing $124MFY2025: Shares issued $193KFY2025: Asset sales $6.7MFY2025: Capital spending −$3.6M$159MFY2025
Over these 5 years operating cash flow totalled $139M; the largest uses were acquisitions ($55.4M) and net borrowing ($54.7M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$25.0M
Debt$522M
Net debt$497M
Due within a year$5.2M
Cash runway3.1 years

Xponential Fitness is burning cash: its operations consume cash, a free cash flow of −$8.1M a year at the current rate against $25.0M of cash and investments: a runway of about 3.1 years; $5.2M of debt also comes due within a year, which the cash covers before any new financing.

Xponential Fitness: debt maturities by year (FY2025)Xponential Fitness: debt maturities by year (FY2025)$5.2MYear 1$15.8MYear 2$26.2MYear 3$26.2MYear 4$452MYear 5
Principal due in each year as disclosed in the annual report, against $25.0M of cash and investments now.

Where the cash came from and went

Xponential Fitness: sources (+) and uses (−) of cash, Q2 2026Xponential Fitness: sources (+) and uses (−) of cash, Q2 2026Other financing$10.0MOperating cash flow−$4.0MCash drawn (+) / kept (−)−$3.5MNet borrowing (+) / repaid (−)−$1.3MTaxes on employees’ shares−$529KOther investing−$316KCapital spending−$272K
Xponential Fitness: sources (+) and uses (−) of cash, TTM to Q2 2026Xponential Fitness: sources (+) and uses (−) of cash, TTM to Q2 2026Other financing−$123MNet borrowing (+) / repaid (−)$114MCash drawn (+) / kept (−)$13.7MOperating cash flow−$5.8MOther investing$5.5MCapital spending−$2.3MTaxes on employees’ shares−$2.1MShares issued$129K

From profit to cash

Xponential Fitness: net income to operating cash flow, Q2 2026Xponential Fitness: net income to operating cash flow, Q2 2026Net income−$4.8MDepreciation & amortization$1.8MStock-based pay$1.7MReceivables$3.4MInventory−$445KAccrued liabilities−$10.7MDeferred revenue−$6.4MPrepaid and other assets$5.5MOther liabilities$570KOperating cash flow−$4.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026−$4.0M−$272K−$1.3M—−$3.5M−$4.3M
Q1 2026−$21.7M−$464K−$1.3M—$24.4M−$22.2M
Q4 2025$10.7M−$511K$118M$71K−$4.4M$10.2M
Q3 2025$9.3M−$1.1M−$1.4M—−$2.8M$8.2M
Q2 2025$2.5M−$1.5M−$1.4M—$3.9M$996K
Q1 2025$5.8M−$465K$8.6M—−$9.8M$5.4M
Q4 2024$776K$102K−$1.3M$136K$5.0M$878K
Q3 2024$5.2M−$1.8M$22.9M—−$11.8M$3.4M

Xponential Fitness: income statement and cash flow

Xponential Fitness, Q3 2026: revenue $62.3M (-21% year over year), operating margin 31.4%. The chart follows the revenue to costs, profit and cash.

Xponential Fitness: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.