The largest global franchiser of boutique fitness brands continues to grow exponentially.
Xponential Fitness — owner of companies like Pure Barre, Rumble, and YogaSix — generated $63.8 million in revenue in Q3 2022, a 56% increase year-over-year. It attributed the growth to equipment installations and royalties from sales in North America.
- North America system-wide sales hit $264.8 million in Q3, up 37% year-over-year.
- The company sold 258 franchise licenses and opened 128 studios during the quarter.
- Net losses reached $13.1 million in Q3 2022, compared to $8.9 million in Q3 2021.
- As of Sept. 30, the company had $136.5 million in long-term debt.
Thanks to the strong results, Xponential has raised its full-year revenue outlook to between $235 million and $240 million in FY2022, up from a previous guidance of $211 million-$221 million.
It expects to open 500-520 new studios during the fiscal year.
On the Market
In June 2021, Xponential filed for an initial public offering after a yearlong delay caused by the pandemic. A month later, the company went public after raising $120 million in its IPO.
Shares of Xponential have reached as high as $23.60 in a little over one year on the NYSE.
