What is Xponential Fitness's net debt?

Xponential Fitness (XPOF) reported net debt of $501.35M in Q1 2026.

How has Xponential Fitness's net debt changed year-over-year?

Xponential Fitness's net debt increased by 46.3% year-over-year, from $342.66M to $501.35M.

What is the long-term trend for Xponential Fitness's net debt?

Over 5 years (2020 to 2025), Xponential Fitness's net debt has grown at a 22.9% compound annual growth rate (CAGR), from $170.5M to $478.83M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Xponential Fitness XPOF Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

See full

Revenue$60.7M-21.0%

Gross profit$49.2M—

Operating income$13.0M+34.8%

Net income-$725.0K+62.3%

EPS (diluted)-$0.02+80.0%

Balance sheet

See full

Cash & equivalents$21.5M-49.6%

Total debt$522.8M+35.7%

Total equity-$316.3M-40.5%

Total assets$322.4M-21.8%

Cash flow

See full

Operating cash flow-$21.7M-473%

CapEx$464.0K-0.2%

Free cash flow-$22.2M-514%

Valuation

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Market cap$289.79M+6.4%

Enterprise value$791.14M+28.0%

P/S1×+0.1×

Profitability

See full

Gross margin80.9%—

Operating margin-7.6%-8.2pp

Net margin-12.5%-3.6pp

FCF margin-0.9%-4.2pp

Returns & leverage

See full

Return on equity-1,173.4%—

Debt / equity81×—

Current ratio0.8×-0.1×

Where this comes from

Calculated from Xponential Fitness’s reported figures.

$522.8Mtotal debt−$21.5Mcash and equivalents=$501.35M

The official record: Xponential Fitness’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Xponential Fitness's net debt?: Xponential Fitness (XPOF) reported net debt of $501.35M in Q1 2026.
How has Xponential Fitness's net debt changed year-over-year?: Xponential Fitness's net debt increased by 46.3% year-over-year, from $342.66M to $501.35M.
What is the long-term trend for Xponential Fitness's net debt?: Over 5 years (2020 to 2025), Xponential Fitness's net debt has grown at a 22.9% compound annual growth rate (CAGR), from $170.5M to $478.83M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.