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Dec 31, 2024
Xponential Fitness Q4 2024 Earnings Report
Xponential Fitness reported a decline in revenue and a wider net loss for Q4 2024 compared to the previous year.
Key Takeaways
Xponential Fitness saw a 7% decrease in revenue, reporting $83.2 million for Q4 2024. The company posted a net loss of $62.5 million, compared to a loss of $12.3 million in Q4 2023. Adjusted EBITDA improved to $30.8 million. North America system-wide sales increased by 21%, while same-store sales grew by 5%.
Revenue declined 7% to $83.2 million due to lower equipment, merchandise, and other service revenues.
North America system-wide sales increased 21% to $464.7 million.
Adjusted EBITDA rose to $30.8 million, up from $27.2 million in Q4 2023.
The company reported a net loss of $62.5 million, driven by impairment charges and litigation expenses.
Revenue by Segment
Forward Guidance
Xponential Fitness expects revenue to remain flat in 2025, with an increase in system-wide sales and Adjusted EBITDA.
Positive Outlook
- System-wide sales projected to grow 13% to approximately $1.935B-$1.955B.
- Adjusted EBITDA expected to increase 5% to $120M-$125M.
- Net new studio openings expected in the range of 200-220.
- Tax rate expected to remain in the mid-to-high single digits.
- Stable revenue outlook between $315M and $325M.
Challenges Ahead
- Net new studio openings to decline by approximately 12% at the midpoint.
- Revenue expected to remain flat compared to 2024.
- Ongoing litigation expenses continue to be a financial burden.
- Increased impairment charges and restructuring costs impacted profitability.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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