Xponential Fitness (XPOF) Balance Sheet: Assets & Liabilities

Xponential Fitness (XPOF) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Xponential Fitness reported total assets of $345.63M and total liabilities of $717.59M. Shareholders' equity was negative at −$371.95M, meaning liabilities exceed assets. Total debt stood at $505.75M against $33.67M in cash and short-term investments, a net debt position of $472.08M.

Xponential Fitness Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Xponential Fitness, Inc. (XPOF) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Current Assets
Cash and Cash Equivalents	33.67	16.68	27.76	31.99	19.89	11.30	9.34	11.21
Cash & Short-Term Investments	33.67	16.68	27.76	31.99	19.89	11.30	9.34	11.21
Accounts Receivable	18.45	25.88	32.95	25.56	11.70	6.48	11.97	4.43
Inventory	2.22	10.02	14.72	10.86	6.93	6.16	4.77	4.53
Other Current Assets	27.82	2.21	21.81	10.43	8.98	1.05	5.45	3.88
Total Current Assets	94.65	84.15	97.25	85.73	51.23	32.71	31.53	24.04
Non-Current Assets
Property, Plant & Equipment (Net)	24.63	38.69	90.92	48.60	12.77	13.69	13.99	7.54
Long-Term Investments	0.00	0.00	0.80	0.00	3.04	0.00	0.00	0.00
Goodwill	127.79	135.24	171.60	165.70	169.07	139.68	139.60	140.87
Intangible Assets	65.02	100.94	120.15	135.30	135.53	97.29	102.02	107.11
Other Non-Current Assets	32.07	4.36	47.98	45.48	45.61	0.61	38.54	18.79
Total Non-Current Assets	250.99	319.25	431.45	396.96	364.32	290.13	294.14	274.30
Total Assets	345.63	403.40	528.70	482.69	415.54	322.84	325.67	298.34
Current Liabilities
Accounts Payable	26.28	27.01	19.12	16.19	14.91	18.34	16.83	9.85
Short-Term Debt	5.25	8.75	17.21	3.04	0.98	5.80	3.57	3.55
Current Portion of Long-Term Debt	5.25	5.40	4.76	3.04	2.96	5.80	-	-
Accrued Liabilities	51.20	28.21	13.44	12.30	21.05	8.38	-	-
Deferred Revenue	19.32	25.91	34.67	32.00	22.75	14.25	14.82	0.00
Other Current Liabilities	13.92	9.62	19.66	9.27	3.25	7.18	16.57	32.96
Total Current Liabilities	115.98	107.89	92.31	72.78	65.89	54.92	56.33	46.36
Non-Current Liabilities
Long-Term Debt	500.50	341.74	389.40	133.04	127.98	176.00	149.61	138.94
Deferred Tax Liabilities	0.00	0.00	0.00	0.00	276.89	0.00	0.00	0.00
Other Non-Current Liabilities	86.87	17.97	17.82	146.28	155.25	12.81	25.05	50.86
Total Non-Current Liabilities	601.61	606.33	524.53	309.90	283.23	263.17	242.66	189.80
Total Liabilities	717.59	714.21	616.83	382.68	349.12	318.09	298.99	236.15
Stockholders' Equity
Common Stock	0.00	0.00	0.01	0.00	0.00	113.70	152.27	150.20
Retained Earnings	-740.52	-701.84	-630.13	-641.90	-643.83	-107.49	-93.85	-56.72
Accumulated Other Comprehensive Income	-16.60	0.00	-15.43	-16.37	-10.60	-1.46	0.00	-31.30
Treasury Stock	1.70	1.70	1.70	1.70	-	-	-	-
Additional Paid-in Capital	489.73	503.85	520.30	505.19	-10.60	0.00	-31.74	0.00
Minority Interest	-102.87	-94.24	-77.55	-53.28	443.96	0.00	0.00	0.00
Shares Outstanding	35.26	33.66	30.90	27.57	23.90	-	-	-
Total Stockholders' Equity	-371.95	-216.57	-10.59	100.01	66.42	4.75	26.68	62.19
Total Liabilities & Equity	345.63	403.40	528.70	482.69	415.54	322.84	325.67	298.34

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Xponential Fitness Balance Sheet

How much debt does Xponential Fitness have?

Xponential Fitness had total debt of $505.75M as of Dec 31, 2025, against $33.67M in cash and short-term investments. Total debt was $350.49M a year earlier.

What are Xponential Fitness's total assets?

Xponential Fitness reported total assets of $345.63M as of Dec 31, 2025, down 14.3% from $403.40M a year earlier. Total liabilities were $717.59M.

What is Xponential Fitness's shareholders' equity?

Xponential Fitness's shareholders' equity was negative at −$371.95M as of Dec 31, 2025, so its liabilities exceeded its assets.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition