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Xponential Fitness Revenue Surges 58%

  • Xponential Fitness reported a 58% increase in full year revenue to $245 million.
  • The company posted a net loss of $400,000 for the three months that ended Dec. 31, 2022.
A boxing class by Xponential Fitness brand, Rumble.
Xponential Fitness

The owner of Pure Barre, Club Pilates, Rumble, and Cyclebar had another impressive year.

Xponential Fitness, which claims it’s the largest global franchisor of boutique fitness brands, reported a 44% year-over-year increase in fourth-quarter revenue to $71.3 million and a 58% increase in full year revenue to $245 million.

The company posted a net loss of $400,000 for the three months that ended Dec. 31, 2022. For the year, Xponential Fitness reported net income of $2.9 million. 

“During 2022, we opened a new studio approximately every 17 hours, and system-wide sales surpassed $1 billion for the first time,” said Anthony Geisler, Xponential Fitness CEO.

Xponential sold 1,026 franchise licenses and opened 511 new studios during the year and had double-digit growth in same-store sales and memberships. In North America, system-wide sales jumped 46% to $1.03 billion.

In January, Xponential’s membership base reached 600,000.

For 2023, Xponential Fitness expects revenue to land between $285 million and $295 million, up 18%, and system-wide sales in North America to reach between $1.34 billion to $1.35 billion, up 30%. 

It also anticipates new studio openings in the range of 540 to 560 — an 8% increase.

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