Xponential Fitness

Q2 FY2026 EarningsQ2 FY26 results beat consensus on revenue ($66.0M vs. $64.4M expected) but missed significantly on bottom-line metrics, reporting a GAAP net loss of $4.8M compared to the $1.2M profit expected. The EPS GAAP of -$0.10 was well below the $0.068 mean estimate. While gross margin of 85.2% was slightly below the 86.4% consensus, the miss was primarily driven by a 33% YoY surge in SG&A expenses due to elevated legal costs and government investigations, alongside a 7% YoY decline in same-store sales.