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Xponential Fitness (XPOF) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Xponential Fitness
NYSE•Consumer Cyclical•Leisure
$4.91-0.02(<0.01%)Market closed
Market Cap
$156.78M
P/S
0.5x

Xponential Fitness, Inc., through its subsidiaries, operates as a boutique fitness brands franchisor in North America. The company's brands portfolio consist of Club Pilates, a Pilates facility franchisor; StretchLab, a fitness concept offering one-on-one assisted stretching services; YogaSix, a yoga concept; Pure Barre, a total body workout concept that uses the ballet barre to perform small isometric movements; and BFT, a high-intensity interval training concept that combines functional, high-energy strength, cardio, and conditioning-based classes to achieve the unique health of its members. Xponential Fitness, Inc. was founded in 2017 and is headquartered in Irvine, California.

D

How this company scores

WeakMetricSide Score: 31/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Profitability (14/25); weakest: Balance Sheet & Red Flags (5/25).

Profitability14/25
Growth6/25
Balance Sheet & Red Flags5/25
Cash & Earnings Quality6/25
Strengths
Long cash runwayProfit converts from growth
Grade capped at D
  • Negative equity — the balance sheet is insolvent.
  • Interest coverage below 1× (0.6x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 81.1x5y range 81.1x – 590.0x
P/E 81.1x · below its 4-quarter median

Currently below its 4-quarter median.

P/S · 0.5x5y range 0.5x – 3.4x
P/S 0.5x · below its 18-quarter median

Currently below its 18-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 3.4x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume
Market Cap $156.78M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$288.47M
7Q
Q. Revenue
$65.97M
13%
TTM EBITDA
$28.02M
244%
TTM Op. Income
$17.90M
153%
Q. Op. Income
$9.51M
36%
TTM Net Income
$-42.59M
25%
Q. Net Income
$-4.14M
527%
EPS
$-0.1
900%
Shares Out.
$42.03M
7Q
$288.47M in TTM revenue declined 9.1% YoY, reaching $65.97M last quarter. TTM EBITDA of $28.02M and TTM operating income of $17.90M show growth is flowing through to the bottom line. However, net income is negative at $42.59M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 7 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
85.2%
5%
EBITDA Margin
17.1%
27%
Op. Margin
14.4%
26%
Net Margin
-6.3%
593%
Op. margin of 14.4% is down 5.0% YoY — costs are rising relative to revenue. Net margin at -6.3% and gross margin of 85.2% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 26% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
0.5x
2Q
P/B Ratio
N/A
P/S of 0.5x and P/B of 0.0x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$309.84M
5Q
Cash
$24.99M
35%
Long-Term Debt
$499.52M
2Q
Book Value
$-321.43M
4Q
D/E Ratio
N/A
Debt/EBITDA
44.3
59%

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$-4.04M
260%
TTM Free Cash Flow
$-8.07M
2Q
FCF Margin
-2.8%
2Q
FCF / Net Income
0.2
2Q
TTM FCF of $-8.07M on $-4.04M in operating cash flow. The FCF / Net Income ratio of 0.2x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.

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Revenue Decline

Red Flag

Revenue declined in 7 of the last 7 quarters — persistent contraction signals a fundamental problem.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Share Dilution

Red Flag

Shares outstanding increased 30.6% — significant dilution, likely from stock compensation or capital raises.