Filing Flows › Xponential Fitness (XPOF) › Q4 2025
Xponential Fitness (XPOF) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 4, 2026
Xponential Fitness (XPOF) reported revenue of $83.0M for the fourth quarter 2025 (Q4 2025), -0.3% from a year earlier and +5% from the quarter before. Operating margin was -9.9%, net loss $45.6M (55.0% of revenue).
Xponential Fitness, Q4 2025: revenue $83.0M (-0.3% year over year), operating margin -9.9%, net loss $45.6M, operating cash flow $10.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $83.0M | +5% | -0.3% |
| Operating profit | −$8.2M | -331% | — |
| Net earnings | −$45.6M | — | — |
| Operating cash flow | $10.7M | +15% | 14× |
| Free cash flow | $10.2M | +24% | 12× |
What changed
Revenue was $83.0M in Q4 2025, roughly flat year over year and up 5% from the previous quarter. Franchise was the largest line at 62% of revenue.
Operating costs exceeded revenue by $8.2M, an operating margin of -9.9%. Total costs fell 33% while revenue was flat. The quarter ended with a net loss of $45.6M, wider than the previous quarter's $6.7M loss. Minority interests bore $12.7M of it: to shareholders the quarter was a loss of $32.9M. Net interest and other expense of $37.1M was the main reason.
Operating cash flow was $10.7M (up 1276% year over year). Non-cash charges added back $2.4M of depreciation and amortization and $4.6M of share-based compensation. Working capital and other items added $49.3M. Capital expenditures of $511K left free cash flow of $10.2M.
Questions
What was Xponential Fitness' revenue in the fourth quarter 2025?
Xponential Fitness (XPOF) reported revenue of $83.0M for the fourth quarter 2025 (Q4 2025), -0.3% from a year earlier and +5% from the quarter before.
Was Xponential Fitness profitable in the fourth quarter 2025?
Operating loss was $8.2M (-9.9% of revenue) and net loss $45.6M.
Source: Xponential Fitness 10-K on SEC EDGAR.