Xponential Fitness, Inc. reported its financial results for the third quarter ended September 30, 2024, with total revenue remaining consistent at $80.5 million compared to the prior year period. North America system-wide sales increased by 21% to $431.2 million, driven by a 16% rise in total members to 827,000.
The company posted a net loss of $18.0 million, or $0.29 per basic share, a significant increase from a net loss of $5.2 million in the prior year. This higher net loss was primarily due to an $8.9 million increase in litigation expenses and a $5.6 million increase in acquisition and transaction expenses.
Adjusted EBITDA for the quarter increased by 17% to $31.0 million, up from $26.5 million in the prior year period. CEO Mark King stated the company's focus is on transforming into a marketing and operations-driven organization that prioritizes franchisee success.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.