Xponential Fitness, Inc. Announces First Quarter 2026 Financial Results

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• North America system-wide sales¹ increased 2% year-over-year to $436.9 million
• Opened 66 gross new studios and sold 28 franchise licenses in Q1 2026

IRVINE, Calif.--(BUSINESS WIRE)--Xponential Fitness, Inc. (NYSE: XPOF) (“Xponential” or the “Company”), one of the leading global franchisors of boutique health and wellness brands, today reported financial results for the first quarter ended March 31, 2026.

Financial Highlights: Q1 2026 Compared to Q1 2025

• Revenue of $60.7 million decreased 21%.
• North America system-wide sales¹ increased 2% to $436.9 million.
• North America same store sales² decreased 6%, compared to growth of 6%.
• North America quarterly run-rate average unit volume (AUV)³ of $662,000, compared to $685,000.
• Net loss of $0.8 million, or a loss of $0.02 per basic share, on a share count of 37.3 million shares of Class A Common Stock, compared to a net loss of $2.7 million, or loss per basic share of $0.10, on a share count of 33.9 million shares of Class A Common Stock.
• Adjusted net loss⁴ of $2.0 million, or an adjusted net loss of $0.04 per basic share⁴, compared to adjusted net loss⁴ of $7.7 million, or adjusted net loss of $0.20 per basic share⁴.
• Adjusted EBITDA⁵ of $20.4 million, compared to $27.3 million.

“During the first quarter, we continued to strengthen execution across Xponential, including the addition of Robert Julian as interim Chief Financial Officer, Erik Quade as Chief Information Officer, and starting mid-May Steph So as our new Chief Marketing Officer, which further deepens our capabilities across finance, technology, and marketing,” said Mike Nuzzo, CEO of Xponential Fitness, Inc. “We are operating as a more unified organization, aligning marketing, operations, technology, and brand-building to drive stronger performance and lay the foundation for continued improvement.”

Mr. Nuzzo continued, “As we look ahead, our focus is on restoring sustainable organic growth through a more disciplined framework. This includes stabilizing top-of-funnel lead generation, improving lead-to-member conversion, and optimizing pricing and membership structures over time, all while continuing to support retention through class innovation, studio remodel programs, and clear brand positioning. We are confident these actions will strengthen performance and position us well for the quarters ahead.”