Business Wire·Aug 6, 2026, 4:18 PM ET

Xponential Fitness, Inc. Announces Second Quarter 2026 Financial Results

XPOF

Xponential Fitness reported Q2 2026 net loss of $4.8 million ($0.10 per share), compared to net income of $1.3 million ($0.01 per share) in Q2 2025.
Total revenue for Q2 2026 was $66.0 million, a 13% decrease year-over-year, driven by fewer equipment installations and a transition to an outsourced retail model.
Franchise revenue declined 3% to $44.0 million due to lower same store sales and brand divestitures from 2025.
Equipment revenue fell 26% to $7.1 million, while merchandise revenue dropped 90% to $0.5 million following the shift to an outsourced logistics arrangement.
North America system-wide sales were flat year-over-year at $437.3 million, with same store sales decreasing 6.8% compared to 2.4% growth in the prior year.
The company opened 67 new studios and sold 53 franchise licenses in Q2 2026.
Adjusted EBITDA was $21.9 million, down 22% from $28.1 million in the prior year period.
Selling, general, and administrative expenses increased 33% to $32.0 million, primarily due to higher legal expenses.
As of June 30, 2026, the company held $25.0 million in cash and cash equivalents with $522.4 million in total long-term debt.
Net cash used in operating activities for the quarter was $25.7 million.
The company revised its full-year 2026 outlook, projecting net new studio openings of approximately 150 (a 25% decrease from previous guidance) and revenue between $250.0 million and $260.0 million.
Revised 2026 Adjusted EBITDA guidance is set between $91.0 million and $97.0 million, representing a 16% decrease at the midpoint compared to previous expectations.
The company expects a full-year 2026 tax rate in the mid-to-high single digits and a share count of 41.0 million shares for EPS calculations.
CEO Mike Nuzzo stated that while results were below expectations, the company remains focused on studio growth, digital capabilities, and franchisee support.