Filing Flows › Xponential Fitness (XPOF) › Q1 2026
Xponential Fitness (XPOF) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Xponential Fitness (XPOF) reported revenue of $60.7M for the first quarter 2026 (Q1 2026), -21% from a year earlier and -27% from the quarter before. Operating margin was 21.5%, net loss $820K (1.4% of revenue).
Xponential Fitness, Q1 2026: revenue $60.7M (-21% year over year), operating margin 21.5%, net loss $820K, operating cash flow −$21.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $60.7M | -27% | -21% |
| Operating profit | $13.0M | — | +35% |
| Net earnings | −$820K | — | — |
| Operating cash flow | −$21.7M | -303% | -473% |
What changed
Revenue was $60.7M in Q1 2026, down 21% year over year and down 27% from the previous quarter. Franchise was the largest line at 68% of revenue. Equipment Revenue lost $6.8M year over year (down 61%), 42% of the total change.
Operating profit was $13.0M, a 21.5% margin (up 8.9 points year over year). Total costs fell 29% while revenue fell 21%. The quarter ended with a net loss of $820K, narrower than the previous quarter's $45.6M loss. Minority interests bore $95K of it: to shareholders the quarter was a loss of $725K. Net interest and other expense of $13.9M was the main reason.
Operating cash flow was −$21.7M. Non-cash charges added back $2.3M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items used $25.1M. Capital expenditures of $464K exceeded it, leaving free cash flow of −$22.2M.
Questions
What was Xponential Fitness' revenue in the first quarter 2026?
Xponential Fitness (XPOF) reported revenue of $60.7M for the first quarter 2026 (Q1 2026), -21% from a year earlier and -27% from the quarter before.
Was Xponential Fitness profitable in the first quarter 2026?
Operating profit was $13.0M (21.5% of revenue) and net loss $820K.
Source: Xponential Fitness 10-Q on SEC EDGAR.