Filing Flows › Xponential Fitness (XPOF) › Q3 2025
Xponential Fitness (XPOF) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Xponential Fitness (XPOF) reported revenue of $78.8M for the third quarter 2025 (Q3 2025), -2% from a year earlier and +3% from the quarter before. Operating margin was 4.5%, net loss $6.7M (8.6% of revenue).
Xponential Fitness, Q3 2025: revenue $78.8M (-2% year over year), operating margin 4.5%, net loss $6.7M, operating cash flow $9.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $78.8M | +3% | -2% |
| Operating profit | $3.6M | -76% | — |
| Net earnings | −$6.7M | -796% | — |
| Operating cash flow | $9.3M | +269% | +78% |
| Free cash flow | $8.2M | +725% | +143% |
What changed
Revenue was $78.8M in Q3 2025, down 2% year over year and up 3% from the previous quarter. Franchise was the largest line at 66% of revenue. Equipment Revenue lost $7.2M year over year (down 49%), 423% of the total change.
Operating profit was $3.6M, a 4.5% margin (up 12.7 points year over year). Total costs fell 14% while revenue fell 2%. The fastest-growing cost line was Other operating costs (+23%). The quarter ended with a net loss of $6.7M, after a profit of $1.3M the previous quarter. Minority interests bore $1.9M of it: to shareholders the quarter was a loss of $4.9M. Net interest and other expense of $10.0M was the main reason.
Operating cash flow was $9.3M (up 78% year over year). Non-cash charges added back $3.7M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items added $10.0M. Capital expenditures of $1.1M left free cash flow of $8.2M.
Questions
What was Xponential Fitness' revenue in the third quarter 2025?
Xponential Fitness (XPOF) reported revenue of $78.8M for the third quarter 2025 (Q3 2025), -2% from a year earlier and +3% from the quarter before.
Was Xponential Fitness profitable in the third quarter 2025?
Operating profit was $3.6M (4.5% of revenue) and net loss $6.7M.
Source: Xponential Fitness 10-Q on SEC EDGAR.