Filing Flows › Xponential Fitness (XPOF) › Q3 2026 › vs Q3 2025
Xponential Fitness (XPOF) Q3 2026 vs Q3 2025 (year over year)
Xponential Fitness's revenue fell $16.6M (-21%) from $78.8M in Q3 2025 to $62.3M in Q3 2026. The biggest changes: Franchise revenue −$8.5M (-16%); Merchandise revenue −$4.4M (-92%); Equipment revenue −$3.2M (-42%). Operating margin 31.4% against 4.5% (+26.9 pts).
Xponential Fitness, Q3 2026: revenue $62.3M (-21% year over year), operating margin 31.4%, net earnings $4.2M, operating cash flow $4.6M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 31.4% | 4.5% | +26.9 pts |
| Net margin | 6.8% | -6.2% | +12.9 pts |
| Free cash flow margin | 6.6% | 10.4% | -3.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Franchise revenue | $43.4M | $51.9M | −$8.5M | -16% |
| Franchise marketing fund revenue | $8.5M | $8.8M | −$362K | -4% |
| Other service revenue | $5.7M | $5.9M | −$144K | -2% |
| Equipment revenue | $4.3M | $7.5M | −$3.2M | -42% |
| Merchandise revenue | $383K | $4.8M | −$4.4M | -92% |
| Revenue | $62.3M | $78.8M | −$16.6M | -21% |
| Operating profit | $19.5M | $3.6M | $16.0M | +448% |
| Costs & expenses | $42.7M | $75.3M | −$32.5M | -43% |
| Pre-tax earnings | $5.0M | −$6.5M | $11.5M | — |
| Other expense, net | $14.5M | $10.0M | $4.5M | +44% |
| SG&A | $28.2M | $24.7M | $3.5M | +14% |
| Other operating costs | $14.5M | $50.6M | −$36.1M | -71% |
| Net earnings | $4.2M | −$4.9M | $9.1M | — |
| Minority interests | $699K | −$1.9M | $2.6M | — |
| Income tax | $123K | $266K | −$143K | -54% |
| Depreciation & amortization | $1.3M | $3.7M | −$2.4M | -64% |
| Share-based compensation | $2.0M | $2.4M | −$361K | -15% |
| Working capital & other | $2.9M | −$8.1M | $11.0M | — |
| Operating cash flow | $4.6M | $9.3M | −$4.7M | -50% |
| Free cash flow (OCF − capex) | $4.1M | $8.2M | −$4.1M | -50% |
| Capital expenditures | $546K | $1.1M | −$532K | -49% |
Questions
How much did Xponential Fitness's revenue grow year over year in Q3 2026?
Xponential Fitness's revenue fell $16.6M (-21%) from $78.8M in Q3 2025 to $62.3M in Q3 2026.
What drove Xponential Fitness's revenue change in Q3 2026?
Franchise revenue −$8.5M (-16%); Merchandise revenue −$4.4M (-92%); Equipment revenue −$3.2M (-42%).