Xponential Fitness (XPOF) Cash Flow: Operating & Free Cash Flow

Xponential Fitness (XPOF) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Xponential Fitness generated $28.32M of operating cash flow and spent $5.18M on capital expenditures. That left free cash flow of $23.13M, up 232.2% from $6.96M a year earlier, or 7.3% of revenue. It returned $134.16M to shareholders through $5.69M in dividends and $128.47M in share buybacks.

Xponential Fitness Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities 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
Operating Activities
Net Income	-53.67	-98.70	-6.44	1.10	-51.44	-13.64	-37.13	-42.48
Depreciation & Amortization	12.03	17.71	16.88	15.32	10.17	7.65	6.39	3.51
Deferred Income Tax	-0.01	0.00	3.19	0.00	0.00	2.83	2.22	0.89
Stock Based Compensation	12.91	15.47	18.00	29.04	9.70	1.75	2.06	1.97
Change in Working Capital	3.11	5.80	-12.54	-1.03	13.38	7.25	16.72	21.53
Change in Accounts Receivable	4.52	-3.92	-7.35	-12.18	-6.47	2.98	-6.57	-2.17
Change in Inventory	7.79	5.57	-3.96	-4.37	-0.77	-1.39	-0.30	-0.80
Change in Accounts Payable	-0.14	8.62	0.89	0.47	-3.01	1.71	6.53	6.43
Change in Other Working Capital	3.00	1.16	-3.46	4.77	23.63	-3.05	17.05	18.08
Other Operating Activities	3.00	72.40	-3.46	4.77	32.64	-9.67	11.30	15.41
Net Cash from Operating Activities	28.32	11.68	32.71	52.06	14.45	-0.73	1.55	0.84
Investing Activities
Capital Expenditures	-5.19	-4.71	-9.21	-16.13	-4.86	-3.03	-7.51	-8.48
Acquisitions	0.00	-8.50	-2.73	-1.78	-44.77	-1.09	-1.28	-15.95
Sales/Maturities of Investments	0.00	-1.82	-1.78	-7.18	0.00	-1.01	0.00	0.00
Other Investing Activities	5.11	0.36	0.20	1.45	-2.23	-0.62	-0.99	0.00
Net Cash from Investing Activities	1.53	-14.15	-11.69	-14.61	-50.64	-4.60	-9.78	-24.43
Financing Activities
Debt Repayment	-392.31	-43.88	-8.60	-8.03	-54.71	-167.33	8.91	34.31
Common Stock Issued	0.19	0.21	0.00	0.00	122.02	27.29	0.00	0.00
Common Stock Repurchased	-128.47	-0.08	-181.14	-1.91	-153.49	0.00	0.00	0.00
Dividends Paid	-5.69	-5.77	-7.09	-16.25	-19.59	-73.20	0.00	0.00
Other Financing Activities	-6.62	-11.49	-13.61	-4.55	151.97	21.87	-2.55	-2.82
Net Cash from Financing Activities	-16.72	-1.88	-21.30	-21.40	46.21	7.29	6.36	31.49
Summary
Net Change in Cash	13.12	-4.36	-0.28	16.05	10.02	1.96	-1.87	7.89
Cash at Beginning of Period	32.74	37.09	37.37	21.32	11.30	9.34	11.21	3.32
Cash at End of Period	45.86	32.74	37.09	37.37	21.32	11.30	9.34	11.21
Free Cash Flow	23.13	6.96	23.50	35.93	9.59	-3.76	-5.96	-7.65
Supplemental Disclosures
Interest Paid	-	41.29	34.79	11.63	16.14	17.04	-	-
Income Taxes Paid	-	0.56	1.57	2.79	1.40	0.23	-	-

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 Cash Flow

What is Xponential Fitness's free cash flow?

Xponential Fitness generated free cash flow of $23.13M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $28.32M minus $5.18M of capital expenditures. That was up 232.2% from $6.96M a year earlier. Free cash flow equaled 7.3% of revenue.

How much does Xponential Fitness spend on capital expenditures?

Xponential Fitness spent $5.18M on capital expenditures in fiscal 2025, compared with $4.71M a year earlier. That equals 18.3% of operating cash flow.

Does Xponential Fitness pay dividends or buy back shares?

Yes. In fiscal 2025 Xponential Fitness returned $5.69M in dividends and $128.47M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition