Revenue: As of FY2026 Q1, the actual value is USD 60.71 M, missing the estimate of USD 63.75 M.

EPS: As of FY2026 Q1, the actual value is USD -0.02, missing the estimate of USD 0.062.

EBIT: As of FY2026 Q1, the actual value is USD 26.9 M.

Financial Highlights (Q1 2026 Compared to Q1 2025)

• Total revenue for Xponential Fitness, Inc. was $60.7 million, marking a 21% decrease year-over-year .
• North America system-wide sales increased 2% to $436.9 million .
• North America same store sales decreased 6%, contrasting with a 6% growth in the prior year .
• The North America quarterly run-rate average unit volume (AUV) was $662,000, compared to $685,000 in the prior year .
• Net loss totaled - $0.8 million, compared to a net loss of - $2.7 million in the prior year period .
• Adjusted net loss was - $2.0 million, compared to an adjusted net loss of - $7.7 million in the prior year period .
• Adjusted EBITDA was $20.4 million, a 25% decrease from $27.3 million in the prior year period .

Operating Results for the First Quarter Ended March 31, 2026

Segment Revenue

• Franchise revenue was $41.2 million, a 6% decrease year-over-year .
• Equipment revenue was $4.4 million, down 61% year-over-year .
• Merchandise revenue was $0.7 million, a 90% decrease year-over-year .
• Franchise marketing fund revenue was $8.7 million, down 6% year-over-year .
• Other service revenue was $5.8 million, an 8% decrease year-over-year .

Operational Costs

• Selling, general and administrative expenses were $30.0 million, down 34% year-over-year .
• Marketing fund expenses were $11.7 million, an increase of 25% year-over-year .

Liquidity and Capital Resources (as of March 31, 2026)

• Xponential Fitness, Inc. had approximately $21.5 million in cash, cash equivalents, and restricted cash .
• Total long-term debt amounted to $523.7 million .
• Net cash used in operating activities was - $21.7 million for the quarter ended March 31, 2026 .

2026 Outlook

Xponential Fitness, Inc. reiterates its full-year 2026 outlook, projecting net new studio openings in the range of 150 to 170 . North America system-wide sales are expected to be between $1.72 billion and $1.80 billion, representing a 1% increase at the midpoint . Revenue is anticipated to be in the range of $260.0 million to $270.0 million, a 16% decrease at the midpoint, with Adjusted EBITDA projected between $100.0 million and $110.0 million, a 6% decrease at the midpoint . The company also expects a tax rate in the mid-to-high single digits .