2022 Q1 Form 10-Q Financial Statement

#000095017022009842 Filed on May 13, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $3.380M $315.0K
YoY Change 973.02% -99.01%
Cost Of Revenue $13.83M $7.663M
YoY Change 80.43% -24.72%
Gross Profit $36.54M $21.40M
YoY Change 70.71% -0.95%
Gross Profit Margin 1080.95% 6794.29%
Selling, General & Admin $33.92M $16.60M
YoY Change 104.31% 14.83%
% of Gross Profit 92.84% 77.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $845.0K $716.0K
YoY Change 18.02% -60.53%
% of Gross Profit 2.31% 3.35%
Operating Expenses $33.92M $16.60M
YoY Change 104.31% 2.03%
Operating Profit -$14.77M -$221.0K
YoY Change 6585.07% -104.14%
Interest Expense $2.861M $4.423M
YoY Change -35.32% -156.02%
% of Operating Profit
Other Income/Expense, Net -$2.472M -$4.328M
YoY Change -42.88%
Pretax Income -$17.25M -$4.549M
YoY Change 279.12% 154.56%
Income Tax -$2.067M $201.0K
% Of Pretax Income
Net Earnings -$7.519M -$4.750M
YoY Change 58.29% 143.71%
Net Earnings / Revenue -222.46% -1507.94%
Basic Earnings Per Share -$1.51
Diluted Earnings Per Share -$1.51 -$101.8K
COMMON SHARES
Basic Shares Outstanding 22.74M
Diluted Shares Outstanding 22.74M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.75M $7.350M
YoY Change 114.29%
Cash & Equivalents $15.75M $7.350M
Short-Term Investments
Other Short-Term Assets $11.46M $9.828M
YoY Change 16.61%
Inventory $9.217M $5.731M
Prepaid Expenses
Receivables $15.87M $6.474M
Other Receivables $2.531M $1.308M
Total Short-Term Assets $54.82M $30.69M
YoY Change 78.63%
LONG-TERM ASSETS
Property, Plant & Equipment $13.91M $13.62M
YoY Change 2.12%
Goodwill $169.1M
YoY Change
Intangibles $134.5M
YoY Change
Long-Term Investments
YoY Change
Other Assets $558.0K $36.47M
YoY Change -98.47%
Total Long-Term Assets $379.8M $310.0M
YoY Change 22.54%
TOTAL ASSETS
Total Short-Term Assets $54.82M $30.69M
Total Long-Term Assets $379.8M $310.0M
Total Assets $434.6M $340.6M
YoY Change 27.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.36M $15.99M
YoY Change -22.7%
Accrued Expenses $15.82M $13.33M
YoY Change 18.65%
Deferred Revenue $25.66M
YoY Change
Short-Term Debt $0.00 $993.0K
YoY Change -100.0%
Long-Term Debt Due $2.960M $7.236M
YoY Change -59.09%
Total Short-Term Liabilities $61.98M $55.57M
YoY Change 11.52%
LONG-TERM LIABILITIES
Long-Term Debt $127.4M $184.3M
YoY Change -30.9%
Other Long-Term Liabilities $1.529M $90.62M
YoY Change -98.31%
Total Long-Term Liabilities $128.9M $275.0M
YoY Change -53.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $61.98M $55.57M
Total Long-Term Liabilities $128.9M $275.0M
Total Liabilities $372.0M $330.5M
YoY Change 12.55%
SHAREHOLDERS EQUITY
Retained Earnings -$651.4M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$196.4M $10.11M
YoY Change
Total Liabilities & Shareholders Equity $434.6M $340.6M
YoY Change 27.59%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$7.519M -$4.750M
YoY Change 58.29% 143.71%
Depreciation, Depletion And Amortization $845.0K $716.0K
YoY Change 18.02% -60.53%
Cash From Operating Activities $2.888M -$200.0K
YoY Change -1544.0% -120.62%
INVESTING ACTIVITIES
Capital Expenditures $1.798M $1.125M
YoY Change 59.82% -295.99%
Acquisitions
YoY Change
Other Investing Activities -$94.00K $9.000K
YoY Change -1144.44% -102.25%
Cash From Investing Activities -$2.208M -$1.649M
YoY Change 33.9% 69.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $740.0K $925.0K
YoY Change -20.0%
Cash From Financing Activities -6.250M -2.100M
YoY Change 197.62% 174.51%
NET CHANGE
Cash From Operating Activities 2.888M -200.0K
Cash From Investing Activities -2.208M -1.649M
Cash From Financing Activities -6.250M -2.100M
Net Change In Cash -5.570M -3.949M
YoY Change 41.05% 413.52%
FREE CASH FLOW
Cash From Operating Activities $2.888M -$200.0K
Capital Expenditures $1.798M $1.125M
Free Cash Flow $1.090M -$1.325M
YoY Change -182.26% -185.82%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2022Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001802156
CY2022Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2022Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2022Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
CY2022Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2022Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022Q1 dei Amendment Flag
AmendmentFlag
false
CY2022Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P9M
CY2022Q1 dei Document Type
DocumentType
10-Q
CY2022Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2021Q4 us-gaap Assets
Assets
415544000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21320000
CY2022Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2022Q1 dei Entity File Number
EntityFileNumber
001-40638
CY2022Q1 dei Entity Registrant Name
EntityRegistrantName
Xponential Fitness, Inc.
CY2022Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
84-4395129
CY2022Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
17877 Von Karman Ave.
CY2022Q1 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 100
CY2022Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Irvine
CY2022Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
CY2022Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
92614
CY2022Q1 dei City Area Code
CityAreaCode
(949)
CY2022Q1 dei Local Phone Number
LocalPhoneNumber
346-3000
CY2022Q1 dei Security12b Title
Security12bTitle
Class A common stock, par value $0.0001 per share
CY2022Q1 dei Trading Symbol
TradingSymbol
XPOF
CY2022Q1 dei Security Exchange Name
SecurityExchangeName
NYSE
CY2022Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022Q1 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022Q1 dei Entity Small Business
EntitySmallBusiness
true
CY2022Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2022Q1 dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2022Q1 dei Entity Shell Company
EntityShellCompany
false
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15750000
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
15865000
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
11702000
CY2022Q1 us-gaap Inventory Net
InventoryNet
9217000
CY2021Q4 us-gaap Inventory Net
InventoryNet
6928000
CY2022Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
7389000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5271000
CY2022Q1 us-gaap Deferred Costs Current
DeferredCostsCurrent
4071000
CY2021Q4 us-gaap Deferred Costs Current
DeferredCostsCurrent
3712000
CY2022Q1 xpof Notes Receivable From Franchisees Net Current
NotesReceivableFromFranchiseesNetCurrent
2531000
CY2021Q4 xpof Notes Receivable From Franchisees Net Current
NotesReceivableFromFranchiseesNetCurrent
2293000
CY2022Q1 us-gaap Assets Current
AssetsCurrent
54823000
CY2021Q4 us-gaap Assets Current
AssetsCurrent
51226000
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13910000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12773000
CY2022Q1 xpof Right Of Use Assets
RightOfUseAssets
16179000
CY2021Q4 xpof Right Of Use Assets
RightOfUseAssets
0
CY2022Q1 us-gaap Goodwill
Goodwill
169073000
CY2021Q4 us-gaap Goodwill
Goodwill
169073000
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
134532000
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
136863000
CY2022Q1 us-gaap Deferred Costs
DeferredCosts
42474000
CY2021Q4 us-gaap Deferred Costs
DeferredCosts
42015000
CY2022Q1 xpof Business Acquisition And Transaction Expenses Income
BusinessAcquisitionAndTransactionExpensesIncome
9544000
CY2021Q1 xpof Business Acquisition And Transaction Expenses Income
BusinessAcquisitionAndTransactionExpensesIncome
350000
CY2022Q1 xpof Notes Receivable From Franchisees Noncurrent
NotesReceivableFromFranchiseesNoncurrent
3095000
CY2021Q4 xpof Notes Receivable From Franchisees Noncurrent
NotesReceivableFromFranchiseesNoncurrent
3041000
CY2022Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
558000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
553000
CY2022Q1 us-gaap Assets
Assets
434644000
CY2022Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
12359000
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
14905000
CY2022Q1 us-gaap Costs And Expenses
CostsAndExpenses
65136000
CY2021Q1 us-gaap Costs And Expenses
CostsAndExpenses
29286000
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
15818000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
21045000
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
25664000
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
22747000
CY2022Q1 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
0
CY2021Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
983000
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
2960000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2960000
CY2022Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
5175000
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
3253000
CY2022Q1 us-gaap Liabilities Current
LiabilitiesCurrent
61976000
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
65893000
CY2022Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
98698000
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
95691000
CY2022Q1 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
63968000
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
54881000
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
127382000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
127983000
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
18472000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0
CY2022Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1529000
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
4675000
CY2022Q1 us-gaap Liabilities
Liabilities
372025000
CY2021Q4 us-gaap Liabilities
Liabilities
349123000
CY2022Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
465525000
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
0
CY2022Q1 xpof Notes Receivable By Shareholder Or Owner To Limited Liability Company Llc Or Incorporated Inc
NotesReceivableByShareholderOrOwnerToLimitedLiabilityCompanyLlcOrIncorporatedInc
10600000
CY2021Q4 xpof Notes Receivable By Shareholder Or Owner To Limited Liability Company Llc Or Incorporated Inc
NotesReceivableByShareholderOrOwnerToLimitedLiabilityCompanyLlcOrIncorporatedInc
10600000
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-651352000
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-643833000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-196423000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-654429000
CY2022Q1 us-gaap Minority Interest
MinorityInterest
-68779000
CY2021Q4 us-gaap Minority Interest
MinorityInterest
443960000
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-265202000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-210469000
CY2022Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
434644000
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
415544000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
50362000
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
29065000
CY2022Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
33919000
CY2021Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
16602000
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3492000
CY2021Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2055000
CY2022Q1 us-gaap Marketing Expense
MarketingExpense
4355000
CY2021Q1 us-gaap Marketing Expense
MarketingExpense
2616000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22736946
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22736946
CY2022Q1 xpof Non Cash Interest
NonCashInterest
-208000
CY2021Q1 xpof Non Cash Interest
NonCashInterest
226000
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-14774000
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-221000
CY2022Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
389000
CY2021Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
95000
CY2022Q1 us-gaap Interest Expense
InterestExpense
2861000
CY2021Q1 us-gaap Interest Expense
InterestExpense
4423000
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2472000
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4328000
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-17246000
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4549000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2067000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
201000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-15179000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-4750000
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-7660000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-7519000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-4750000
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.51
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.51
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4749000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
222000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-4750000
CY2021Q1 xpof Parent Contribution Of Rumble Assets
ParentContributionOfRumbleAssets
20483000
CY2021Q1 us-gaap Distribution Made To Limited Liability Company Llc Member Cash Distributions Declared
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared
10600000
CY2021Q1 xpof Payment Received From Member Net
PaymentReceivedFromMemberNet
2000
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10106000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-15179000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-4750000
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3492000
CY2021Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2055000
CY2022Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
33000
CY2021Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
311000
CY2022Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
151000
CY2022Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
-9546000
CY2021Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
-120000
CY2022Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-617000
CY2021Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-105000
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
15248000
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
222000
CY2022Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
43000
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3300000
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1173000
CY2022Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
10000
CY2021Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1000
CY2022Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
461000
CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2289000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2605000
CY2022Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
589000
CY2021Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
964000
CY2021Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-430000
CY2021Q1 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
10600000
CY2021Q1 xpof Payments For Proceeds From Contributions From Affiliates
PaymentsForProceedsFromContributionsFromAffiliates
-1000
CY2021Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
5033000
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2117000
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
985000
CY2022Q1 xpof Increase Decrease In Operating Lease Right Of Use Asset And Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseRightOfUseAssetAndOperatingLeaseLiabilities
-20000
CY2022Q1 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
818000
CY2021Q1 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
533000
CY2022Q1 us-gaap Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
-5000
CY2021Q1 us-gaap Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
-168000
CY2022Q1 xpof Increase Decrease In Notes Payable
IncreaseDecreaseInNotesPayable
-2758000
CY2021Q1 xpof Increase Decrease In Notes Payable
IncreaseDecreaseInNotesPayable
-1797000
CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-3650000
CY2021Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
491000
CY2022Q1 us-gaap Increase Decrease In Notes Payable Current
IncreaseDecreaseInNotesPayableCurrent
-983000
CY2022Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
20000
CY2021Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
65000
CY2022Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
5924000
CY2021Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
23000
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2888000
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-200000
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1798000
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1125000
CY2021Q1 xpof Purchase Of Studios
PurchaseOfStudios
245000
CY2022Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
65000
CY2022Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
316000
CY2021Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
288000
CY2022Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
585000
CY2022Q1 us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
426000
CY2021Q1 us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
9000
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2208000
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1649000
CY2021Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
10600000
CY2022Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
740000
CY2021Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
925000
CY2022Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
46000
CY2021Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
212000
CY2022Q1 xpof Payment Of Preferred Stock Dividend And Deemed Dividend
PaymentOfPreferredStockDividendAndDeemedDividend
4875000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-6250000
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2100000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5570000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3949000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
21320000
CY2022Q1 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
3724000
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
15818000
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
3678000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
11299000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
15750000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
21045000
CY2022Q1 xpof Number Of Company Owned Studios
NumberOfCompanyOwnedStudios
20
CY2021Q1 xpof Number Of Company Owned Studios
NumberOfCompanyOwnedStudios
49
CY2022Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
6253000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7350000
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
2499000
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
3810000
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
146000
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
49000
CY2022Q1 xpof Operating Cash Flows Net Used In Operating Leases
OperatingCashFlowsNetUsedInOperatingLeases
908000
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
807000
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
552000
CY2021Q1 xpof Parent Contribution Of Rumble Assets
ParentContributionOfRumbleAssets
20483000
CY2022Q1 xpof Adjustment Of Preferred Stock To Redemption Value
AdjustmentOfPreferredStockToRedemptionValue
50931000
CY2022Q1 us-gaap Nature Of Operations
NatureOfOperations
<p id="notes_to_consolidated_fs" style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Note 1 – Nature of Business and Operations</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Xponential Fitness, Inc. (the "Company" or “XPO Inc.”), was formed as a Delaware corporation on January 14, 2020. On July 23, 2021, the Company completed an initial public offering (“IPO”) of </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">10,000,000</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> shares of Class A common stock and entered into a series of transactions to implement an internal reorganization. Pursuant to a reorganization into a holding company structure, the Company is a holding company with its principal asset being an ownership interest in Xponential Fitness LLC (“XPO LLC”) through its ownership interest in Xponential Intermediate Holdings, LLC (“XPO Holdings”). Information for any period prior to July 23, 2021 relates to XPO LLC.</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">XPO LLC was formed on August 11, 2017 as a Delaware limited liability company for the sole purpose of franchising fitness brands in several verticals within the boutique fitness industry. XPO LLC is a wholly owned subsidiary of XPO Holdings, which was formed on February 24, 2020, and prior to the IPO, ultimately, H&amp;W Franchise Holdings, LLC (the “Parent”). Prior to the formation of XPO Holdings, the Company was a wholly owned subsidiary of H&amp;W Franchise Intermediate Holdings, LLC (the “Member”).</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">As of March 31, 2022</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">, the Company’s portfolio of </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">ten</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> brands consists of: “Club Pilates,” a Pilates facility franchisor; “CycleBar,” a premier indoor cycling franchise; “StretchLab,” a fitness concept offering one-on-one assisted stretching services; “Row House,” a rowing concept that provides an effective and efficient workout centered around the sport of rowing; “YogaSix,” a yoga concept that concentrates on connecting to one’s body in a way that is energizing; “AKT” and “Pure Barre,” which are dance-based concepts that provide a combination of personal training and movement based techniques; “Stride,” a running concept that offers treadmill-based high-intensity interval training and strength-training; “Rumble,” a boxing concept that offers boxing-inspired group fitness classes, which was acquired on March 24, 2021; and “BFT,” a high-intensity interval training concept that combines functional, high-energy strength, cardio and conditioning-based classes, designed to achieve the unique health goals of its members, which was acquired on October 13, 2021. The Company, through its brands, licenses its proprietary systems to franchisees who in turn operate studios to promote training and instruction programs to their club members within each vertical. In addition to franchised studios, the Company operated </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">20</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> and </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">49</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> company-owned transition studios as of </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">March 31, 2022 and 2021, respectively.</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">In connection with the IPO, XPO Inc. entered into a series of transactions to implement an internal reorganization, (the “Reorganization Transactions”). The pre-IPO members of XPO Holdings (the “Pre-IPO LLC Members”) who retained their equity ownership in the form of limited liability company units (the “LLC Units”), immediately following the consummation of the Reorganization Transactions are referred to as “Continuing Pre-IPO LLC Members.” Because XPO Inc. manages and operates the business and controls the strategic decisions and day-to-day operations of XPO LLC through its ownership of XPO Holdings and because it also has a substantial financial interest in XPO LLC through its ownership of XPO Holdings, it consolidates the financial results of XPO LLC and XPO Holdings, and a portion of its net income/(loss) is allocated to the noncontrolling interest to reflect the entitlement of the Continuing Pre-IPO LLC Members to a portion of XPO Holdings’ net income or loss.</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Immediately following the closing of the IPO, XPO LLC is the predecessor of the Company for financial reporting purposes. As the sole managing member of XPO LLC, the Company operates and controls all of the business and affairs of XPO LLC. The Reorganization Transactions are accounted for as a reorganization of entities under common control. As a result, the condensed consolidated financial statements of the Company recognize the assets and liabilities received in the Reorganization Transactions at their historical carrying amounts, as reflected in the historical consolidated financial statements of XPO LLC. The Company consolidates XPO LLC on its condensed consolidated financial statements and records a noncontrolling interest related to the Class B units held by the Class B stockholders on its condensed consolidated balance sheet and statement of operations.</span></p><div style="font-size:12.0pt;font-family:Times New Roman;"><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Basis of presentation</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> – The Company’s condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). </span><span style="background-color:rgba(255,255,255,1);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">In the opinion of management, the Company has made all adjustments necessary to present fairly the condensed consolidated statements of operations, balance sheets, changes in stockholders'/member’s equity (deficit), and cash flows for the periods presented. Such adjustments are of a normal, recurring nature. These unaudited condensed consolidated financial </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">statements</span><span style="background-color:rgba(255,255,255,1);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> should be read in conjunction with the consolidated financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 filed with the Securities and Exchange Commission (the “SEC”). Interim results of operations are not necessarily indicative of results of operations to be expected for a full year.</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(255,255,255,1);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">On October 13, 2021 and March 24, 2021, the Company acquired the rights to franchise the BFT and Rumble concepts, respectively, and has included the results of operations of BFT and Rumble in its condensed consolidated statement of operations from the acquisition dates forward. See Note 3 for additional information.</span></p></div><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="font-size:10.0pt;font-family:Times New Roman;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Principles of consolidation </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">–</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">The Company’s consolidated financial statements include the accounts of its wholly owned subsidiaries. All intercompany transactions have been eliminated in consolidation.</span></span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><div style="font-size:10.0pt;font-family:Times New Roman;"><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Use of estimates</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> – The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the consolidated financial statements. Actual results could differ from these estimates under different assumptions or conditions.</span></p></div>
CY2022Q1 xpof Number Of Brands
NumberOfBrands
10
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Use of estimates</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> – The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the consolidated financial statements. Actual results could differ from these estimates under different assumptions or conditions.</span></p>
CY2022Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2021Q1 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1
CY2022Q1 us-gaap Revenues
Revenues
3380000
CY2021Q1 us-gaap Revenues
Revenues
315000
CY2022Q1 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
2883000
CY2021Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
4248000
CY2021Q4 xpof Accrued Deemed Dividend Current
AccruedDeemedDividendCurrent
3250000
CY2022Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
876000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
934000
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13910000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12773000
CY2022Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
1596000
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
1427000
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1413000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2193000
CY2021Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
6003000
CY2022Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
457000
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
2932000
CY2022Q1 xpof Accrued Deemed Dividend Current
AccruedDeemedDividendCurrent
1625000
CY2022Q1 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
CY2021Q1 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
10098000
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
10174000
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
61435000
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
109798000
CY2021Q1 xpof Number Of Studios Repurchased
NumberOfStudiosRepurchased
2
CY2022Q1 xpof Expected Duration Of Contracts
ExpectedDurationOfContracts
one year or less
CY2021Q4 xpof Contract With Customer Liability Excluding Other Deferred Revenue
ContractWithCustomerLiabilityExcludingOtherDeferredRevenue
106633000
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-6273000
CY2022Q1 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
-12000
CY2022Q1 us-gaap Deferred Revenue Period Increase Decrease
DeferredRevenuePeriodIncreaseDecrease
9450000
CY2022Q1 xpof Contract With Customer Liability Excluding Other Deferred Revenue
ContractWithCustomerLiabilityExcludingOtherDeferredRevenue
109798000
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
8080000
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
10510000
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
9501000
CY2022Q1 us-gaap Depreciation
Depreciation
845000
CY2021Q1 us-gaap Depreciation
Depreciation
716000
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
124362000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
118438000
CY2022Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
98698000
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
95691000
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
25664000
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
22747000
CY2022Q1 xpof Franchisee Agreement Term
FranchiseeAgreementTerm
P10Y
CY2022Q1 xpof Unsecured Advances Arrangement Term
UnsecuredAdvancesArrangementTerm
P18M
CY2022Q1 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
7953000
CY2021Q4 us-gaap Notes And Loans Receivable Gross Noncurrent
NotesAndLoansReceivableGrossNoncurrent
7473000
CY2022Q1 xpof Provision For Uncollectible Notes Receivable
ProvisionForUncollectibleNotesReceivable
2327000
CY2021 xpof Provision For Uncollectible Notes Receivable
ProvisionForUncollectibleNotesReceivable
2139000
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7552000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6781000
CY2022Q1 us-gaap Goodwill
Goodwill
169073000
CY2021Q4 us-gaap Goodwill
Goodwill
169073000
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
84936000
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
23011000
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
61925000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
84620000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
20364000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
64256000
CY2022Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
157543000
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
23011000
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
134532000
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
157227000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
20364000
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
136863000
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2648000
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1339000
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
7705000
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
9900000
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
9589000
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
9200000
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
6502000
CY2022Q1 xpof Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
19029000
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
61925000
CY2021Q2 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
207760000
CY2021Q2 xpof Percentage Of Gross Amount Of Borrowings To Debt Discount
PercentageOfGrossAmountOfBorrowingsToDebtDiscount
0.020
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
46000
CY2021Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
212000
CY2022Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
33000
CY2021Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
311000
CY2022Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
354000
CY2021Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
341000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3462000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3370000
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y9M18D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.08
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2978000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2876000
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
2220000
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2960000
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2960000
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
124320000
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
132460000
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
16179000
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1917000
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
18472000
CY2022Q1 us-gaap Stock Or Units Available For Distributions
StockOrUnitsAvailableForDistributions
48813360
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
893000
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
191000
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
107000
CY2022Q1 us-gaap Lease Cost
LeaseCost
1191000
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
908000
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
621000
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
6901000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
13274000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
28565000
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
8176000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
20389000
CY2020 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
1456000
CY2021Q1 us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
2000
CY2021Q1 us-gaap Notes Receivable By Owner To Limited Liability Company Llc
NotesReceivableByOwnerToLimitedLiabilityCompanyLLC
1454000
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.120
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2067000
CY2022Q1 xpof Pre Tax Book Income Loss Of Noncontrolling Interest
PreTaxBookIncomeLossOfNoncontrollingInterest
0.503
CY2022Q1 xpof Cares Act Deferred Payroll Taxes
CaresActDeferredPayrollTaxes
325000
CY2021Q4 xpof Cares Act Deferred Payroll Taxes
CaresActDeferredPayrollTaxes
325000
CY2022Q1 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
The Company’s tax returns remain open for examination in the U.S for years 2018 through 2021.
CY2022Q1 xpof Foreign Subsidiaries Tax Examination Period In Which Tax Obligation Originated
ForeignSubsidiariesTaxExaminationPeriodInWhichTaxObligationOriginated
P3Y
CY2022Q1 xpof Percentage Of Benefits Expected To Realize From Tax Benefits
PercentageOfBenefitsExpectedToRealizeFromTaxBenefits
0.15
CY2022Q1 us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
1
CY2022Q1 xpof Deferred Tax Liability Recognized Tax Receivable Agreement
DeferredTaxLiabilityRecognizedTaxReceivableAgreement
1753000
CY2022Q1 xpof Deferred Tax Liability Not Recognized Tax Receivable Agreement
DeferredTaxLiabilityNotRecognizedTaxReceivableAgreement
40277000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-15179000
CY2022Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-35003000
CY2022Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3250000
CY2022Q1 xpof Deemed Dividend
DeemedDividend
50931000
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-34357000
CY2022Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
22736946
CY2022Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.51
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
44185462

Files In Submission

Name View Source Status
0000950170-22-009842-index-headers.html Edgar Link pending
0000950170-22-009842-index.html Edgar Link pending
0000950170-22-009842.txt Edgar Link pending
0000950170-22-009842-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
xpof-20220331.htm Edgar Link pending
xpof-20220331.xsd Edgar Link pending
xpof-20220331_cal.xml Edgar Link unprocessable
xpof-20220331_def.xml Edgar Link unprocessable
xpof-20220331_htm.xml Edgar Link completed
xpof-20220331_lab.xml Edgar Link unprocessable
xpof-20220331_pre.xml Edgar Link unprocessable
xpof-ex10_1.htm Edgar Link pending
xpof-ex31_1.htm Edgar Link pending
xpof-ex31_2.htm Edgar Link pending
xpof-ex32_1.htm Edgar Link pending
xpof-ex32_2.htm Edgar Link pending