Xponential Fitness, Inc. reported its fourth quarter 2024 total revenue decreased by 7% to $83.2 million, down from $89.3 million in the prior year period. The company recorded a net loss of $62.5 million, or $1.36 per basic share, compared to a net loss of $12.3 million in Q4 2023.
For the full year 2024, total revenue increased 1% to $320.3 million, while net loss totaled $98.7 million, or $2.27 per basic share. Adjusted EBITDA for the full year increased 16% to $116.2 million, up from $100.3 million in 2023.
The company announced a restatement of its financial statements for the fiscal year ended December 31, 2023, which should no longer be relied upon. This restatement corrects accounting errors related to accrued inventory, 401(k) compliance, purchase accounting, and vendor rebates, increasing the 2023 net loss from $1.7 million to $6.4 million and decreasing Adjusted EBITDA from $105.3 million to $100.3 million.
Xponential Fitness initiated its full-year 2025 outlook, projecting total revenue between $300 million and $310 million, representing a 5% year-over-year decrease at the midpoint. Adjusted EBITDA is expected to range from $106 million to $111 million, a 7% year-over-year decrease at the midpoint, reflecting the impact of divestitures and increased marketing spend.
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