# Xponential Fitness share price today (Xponential Fitness, Inc., XPOF)

> Xponential Fitness, Inc.'s balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. XPOF · Consumer Discretionary · Leisure · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/xpof

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Price: $4.55 (−32.3% in a year)
- Revenue (Jun 2026): $66.0 M (−13.4% on a year ago)
- Profit (Jun 2026): −$4.1 M
- Operating margin: 18.1% (−10.6 points on a year ago)
- ROE: 14%, FY25
- ROIC: 32.9%, against a 8.7% cost of capital: +24.2 points

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. ## What is the Xponential Fitness share price today? Xponential Fitness, Inc.'s share price was $4.55 at the close on 3 November 2026. That is 24.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between $4 and $9, and at that close it sat 18% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 19 weeks running. Over the last 1 year the share price moved −56% while the S&P 500 moved +21%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 26 June 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Xponential Fitness pay? Xponential Fitness, Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Xponential Fitness on? Xponential Fitness is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Xponential Fitness profitable? Xponential Fitness, Inc. posted a net loss of $4.1 M in the Jun 2026 quarter. The full FY25 year was a loss of $51.1 M. That loss is 6.3% of the quarter's revenue. The same quarter a year earlier lost $396 K. 11 of the last 12 reported quarters were loss-making. ## How much revenue does Xponential Fitness make, and is it growing? Xponential Fitness, Inc. reported $66.0 M of revenue in the Jun 2026 quarter, −13.4% on the same quarter a year earlier. Over 4 years it has grown 19.4% a year on average. The last full year, FY25, came in at $315 M. The last four reported quarters add to $288 M. FY25 revenue was $315 M, −1.7% on the year before. Recent pace: the last four quarters grew −9.2% on average, against 19.4% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −9.0%, against −6.0% a year over the last 8 quarters (stabilising). ## How much of every $100 of sales does Xponential Fitness keep? Xponential Fitness, Inc.'s operating margin was 18.1% in the Jun 2026 quarter, 10.6 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between 1.7% and 25.3%. The latest quarter is within that range. Across 5 years it has been between 1.7% and 25.3%, and FY25's 25.3% is the highest of them. Why the margin moved: operating margin changed −10.6 percentage points on the year while gross margin changed −1.6 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is Xponential Fitness' profit turning into cash? Xponential Fitness, Inc.'s cash-flow history is too short to judge how much of its profit turns into cash. In FY25 it brought in $28.3 M of operating cash against −$51.1 M of profit. After $3.6 M of spending on assets, $24.7 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Xponential Fitness' cash go? Xponential Fitness, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $15.9 M on assets over the last 3 years. Averaged over those years that is 1.7% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $15.9 M over the last 3 years. In short: most of the cash goes on covering the loss, not on new assets; spending on assets is small next to it. ## What is Xponential Fitness' P/E ratio, and how does it compare with its own history? Xponential Fitness, Inc. has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values Xponential Fitness, Inc. at 0.7× its FY25 revenue of $315 M. The P/E comes back here once profit turns positive. ## Is the Xponential Fitness business getting better or worse? Xponential Fitness, Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 1 measure, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. The return-on-capital line is not shown: net worth is negative, so a return on capital means nothing. The balance sheet is in distress, and this reading uses the growth lines alone. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Xponential Fitness earn on its capital? Xponential Fitness, Inc. earned a ROE of 14% in FY25. That is up from a low of −96% in FY21. Its return on capital used (ROIC) is 24.2 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a −16.2% net margin and 0.91× asset turnover (sales divided by assets). Why the return is what it is (FY25): a −16.2% net margin × 0.91× asset turnover × −0.93× leverage (assets divided by equity) ≈ 13.7% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 32.9% − 8.7% = +24.2 percentage points. The 8.7% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. The 32.9% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 30.3%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Xponential Fitness have too much debt? Xponential Fitness, Inc.'s net worth is negative: it owes more than it owns, so a debt-to-equity ratio means nothing here. Year by year, that ratio went from 1.99 in FY21 to −1.41 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the Xponential Fitness shareholding pattern? 55.6% of Xponential Fitness, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 13.7 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Xponential Fitness from balance-sheet trouble? For Xponential Fitness, Inc., the Z-score is −1.52. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of −1.52 is inside the danger zone, so the balance sheet is a real risk. ## How does Xponential Fitness rank in its industry? 41.3 out of 100, rank 19 of 23 in Leisure, with 64% of the evidence available. Xponential Fitness, Inc. scores 41.3 out of 100 against the 23 companies it is compared with in Leisure, ranking 19. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 10.5 + 17.3 + 8.9 + 4.6 = 41.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Xponential Fitness compared with? Xponential Fitness ranks 19 of 23 Leisure companies on the 4-Factor Sector Score, with 41.3 out of 100. 1. [Hasbro, Inc.](https://www.sectoralpha.in/us/stocks/has) HAS · breaking out · Most evidence points up · 67% evidence 74.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.3/35 · Revenue 18.9% · Profit n/a · Operating margin change 7.8 points · 71% evidence Capital efficiency 20.1/25 · ROCE 32.9% · Operating margin 32.4% · 76% evidence Valuation 10.3/20 · P/E 13× · PEG n/a · 15% evidence Relative strength 17.5/20 · Lead over its industry 23.7% · Lead over S&P 500 23.4% · 1 year 54.1% · 100% evidence · 9 of 12 weeks ahead Exact sum: 26.3 + 20.1 + 10.3 + 17.5 = 74.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [JAKKS Pacific, Inc.](https://www.sectoralpha.in/us/stocks/jakk) JAKK · breaking out · Most evidence points up · 85% evidence 66.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.2/35 · Revenue 9.2% · Profit 100% · Operating margin change 0.8 points · 95% evidence Capital efficiency 9.7/25 · ROCE 7.4% · Operating margin 14.7% · 76% evidence Valuation 15.0/20 · P/E 11× · PEG 0.2 · 65% evidence Relative strength 18.8/20 · Lead over its industry 36.5% · Lead over S&P 500 36.6% · 1 year 88.6% · 100% evidence · 10 of 12 weeks ahead Exact sum: 23.2 + 9.7 + 15 + 18.8 = 66.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Escalade, Incorporated](https://www.sectoralpha.in/us/stocks/esca) ESCA · quiet · Evidence leans up · 81% evidence 64.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.3/35 · Revenue 1.7% · Profit 64.3% · Operating margin change 15.9 points · 83% evidence Capital efficiency 17.9/25 · ROCE 15.9% · Operating margin 20.7% · 76% evidence Valuation 11.5/20 · P/E 11.2× · PEG 1.16 · 65% evidence Relative strength 11.2/20 · Lead over its industry 13.1% · Lead over S&P 500 13% · 1 year 71.5% · 100% evidence · 3 of 12 weeks ahead Exact sum: 24.3 + 17.9 + 11.5 + 11.2 = 64.9 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 4. [Planet Fitness, Inc.](https://www.sectoralpha.in/us/stocks/plnt) PLNT · turning · Evidence leans up · 81% evidence 60.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.5/35 · Revenue 11.5% · Profit 25.9% · Operating margin change 0.2 points · 83% evidence Capital efficiency 18.9/25 · ROCE 16.1% · Operating margin 33.7% · 76% evidence Valuation 13.5/20 · P/E 17.4× · PEG 0.55 · 65% evidence Relative strength 6.7/20 · Lead over its industry -25.9% · Lead over S&P 500 -26.6% · 1 year -48.3% · 100% evidence · 1 of 12 weeks ahead Exact sum: 21.5 + 18.9 + 13.5 + 6.7 = 60.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [YETI Holdings, Inc.](https://www.sectoralpha.in/us/stocks/yeti) YETI · quiet · Too little evidence to rank firmly · 58% evidence 59.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.7/35 · Revenue n/a · Profit n/a · Operating margin change 8.2 points · 45% evidence Capital efficiency 20.8/25 · ROCE 26.3% · Operating margin 19.3% · 76% evidence Valuation 9.9/20 · P/E 21.1× · PEG n/a · 15% evidence Relative strength 6.9/20 · Lead over its industry -2.4% · Lead over S&P 500 -2.9% · 1 year 23.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.7 + 20.8 + 9.9 + 6.9 = 59.3 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 6. [Life Time Group Holdings, Inc.](https://www.sectoralpha.in/us/stocks/lth) LTH · turning · Evidence leans up · 81% evidence 57.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.1/35 · Revenue 12.8% · Profit 83.2% · Operating margin change 1.2 points · 83% evidence Capital efficiency 11.8/25 · ROCE 6.9% · Operating margin 17.1% · 76% evidence Valuation 10.3/20 · P/E 21.9× · PEG 1.17 · 65% evidence Relative strength 14.0/20 · Lead over its industry 26% · Lead over S&P 500 26.2% · 1 year 74.6% · 100% evidence · 5 of 12 weeks ahead Exact sum: 21.1 + 11.8 + 10.3 + 14 = 57.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. Clarus Corporation CLAR · leader · Evidence leans up · 64% evidence 54.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.6/35 · Revenue -0.4% · Profit n/a · Operating margin change 18.7 points · 62% evidence Capital efficiency 4.6/25 · ROCE -4.5% · Operating margin 5.6% · 76% evidence Valuation 11.0/20 · P/E -3.8× · PEG n/a · 15% evidence Relative strength 18.9/20 · Lead over its industry 30.1% · Lead over S&P 500 29.9% · 1 year 24% · 100% evidence · 10 of 12 weeks ahead Exact sum: 19.6 + 4.6 + 11 + 18.9 = 54.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [OneSpaWorld Holdings Limited](https://www.sectoralpha.in/us/stocks/osw) OSW · turning · Evidence leans up · 81% evidence 52.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.0/35 · Revenue 9.8% · Profit 12.7% · Operating margin change 0.2 points · 83% evidence Capital efficiency 13.2/25 · ROCE 14.3% · Operating margin 9.4% · 76% evidence Valuation 7.1/20 · P/E 35.4× · PEG 1.98 · 65% evidence Relative strength 16.5/20 · Lead over its industry 22.2% · Lead over S&P 500 21.8% · 1 year 37.1% · 100% evidence · 3 of 12 weeks ahead Exact sum: 16 + 13.2 + 7.1 + 16.5 = 52.8 · What this means: Relative strength against the index is 21.8%, and revenue and profit growth are weak. 9. [American Outdoor Brands, Inc.](https://www.sectoralpha.in/us/stocks/aout) AOUT · leader · Evidence leans up · 67% evidence 51.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Revenue -6.2% · Profit n/a · Operating margin change 17.9 points · 71% evidence Capital efficiency 4.5/25 · ROCE -0.3% · Operating margin -5.1% · 76% evidence Valuation 11.2/20 · P/E -15.6× · PEG n/a · 15% evidence Relative strength 20.0/20 · Lead over its industry 56.4% · Lead over S&P 500 57.2% · 1 year 175.3% · 100% evidence · 11 of 12 weeks ahead Exact sum: 16.2 + 4.5 + 11.2 + 20 = 51.9 · What this means: Relative strength against the index is 57.2%, and revenue and profit growth are weak. 10. [Johnson Outdoors Inc.](https://www.sectoralpha.in/us/stocks/jout) JOUT · quiet · Evidence leans up · 64% evidence 51.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.9/35 · Revenue 17.4% · Profit n/a · Operating margin change 1.2 points · 62% evidence Capital efficiency 8.8/25 · ROCE 3.4% · Operating margin 9.7% · 76% evidence Valuation 11.4/20 · P/E -56.1× · PEG n/a · 15% evidence Relative strength 8.7/20 · Lead over its industry -2.1% · Lead over S&P 500 -2.6% · 1 year 19.8% · 100% evidence · 1 of 12 weeks ahead Exact sum: 22.9 + 8.8 + 11.4 + 8.7 = 51.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Callaway Golf Company](https://www.sectoralpha.in/us/stocks/caly) CALY · quiet · Too little evidence to rank firmly · 56% evidence 51.7 out of 100 Growth Capital Valuation Relative
12. [Funko, Inc.](https://www.sectoralpha.in/us/stocks/fnko) FNKO · breaking out · Evidence leans up · 64% evidence 51.2 out of 100 Growth Capital Valuation Relative
13. [Amer Sports, Inc.](https://www.sectoralpha.in/us/stocks/as) AS · basing · Evidence leans down · 71% evidence 49.4 out of 100 Growth Capital Valuation Relative
14. [Peloton Interactive, Inc.](https://www.sectoralpha.in/us/stocks/pton) PTON · basing · Evidence leans down · 64% evidence 47.9 out of 100 Growth Capital Valuation Relative
15. [Acushnet Holdings Corp.](https://www.sectoralpha.in/us/stocks/golf) GOLF · quiet · Evidence leans down · 81% evidence 47.3 out of 100 Growth Capital Valuation Relative
16. Playboy, Inc. PLBY · turning · Evidence leans down · 64% evidence 44.3 out of 100 Growth Capital Valuation Relative
17. [Tron Inc.](https://www.sectoralpha.in/us/stocks/tron) TRON · basing · Evidence leans down · 64% evidence 41.9 out of 100 Growth Capital Valuation Relative
18. [Mattel, Inc.](https://www.sectoralpha.in/us/stocks/mat) MAT · breaking out · Evidence leans down · 81% evidence 41.3 out of 100 Growth Capital Valuation Relative
19. Xponential Fitness, Inc. this page XPOF · basing · Evidence leans down · 64% evidence 41.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.5/35 · Revenue -8.8% · Profit n/a · Operating margin change -10.6 points · 62% evidence Capital efficiency 17.3/25 · ROCE 29.9% · Operating margin 18.1% · 76% evidence Valuation 8.9/20 · P/E 95.4× · PEG n/a · 15% evidence Relative strength 4.6/20 · Lead over its industry -29.9% · Lead over S&P 500 -30.6% · 1 year -28.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 10.5 + 17.3 + 8.9 + 4.6 = 41.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 20. [Lucky Strike Entertainment Corporation](https://www.sectoralpha.in/us/stocks/luck) LUCK · quiet · Most evidence points down · 64% evidence 34.3 out of 100 Growth Capital Valuation Relative
21. [United Parks & Resorts Inc.](https://www.sectoralpha.in/us/stocks/prks) PRKS · basing · Most evidence points down · 81% evidence 33.4 out of 100 Growth Capital Valuation Relative
22. [Six Flags Entertainment Corporation](https://www.sectoralpha.in/us/stocks/fun) FUN · quiet · Most evidence points down · 64% evidence 32.0 out of 100 Growth Capital Valuation Relative
23. Here Group Limited HERE · Most evidence points down · 61% evidence 30.3 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Leisure](https://www.sectoralpha.in/us/sectors/leisure), all 23 compared on one page. ## Which companies are close to Xponential Fitness in size? Xponential Fitness is the 20th largest of 20 Leisure companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Lucky Strike Entertainment Corporation, Johnson Outdoors Inc., JAKKS Pacific, Inc., Funko, Inc., Escalade, Incorporated and American Outdoor Brands, Inc. It is the smallest. ### Leisure companies close in size

1. [Lucky Strike Entertainment Corporation](https://www.sectoralpha.in/us/stocks/luck) $571 million
2. [Johnson Outdoors Inc.](https://www.sectoralpha.in/us/stocks/jout) $482 million
3. [JAKKS Pacific, Inc.](https://www.sectoralpha.in/us/stocks/jakk) $365 million
4. [Funko, Inc.](https://www.sectoralpha.in/us/stocks/fnko) $352 million
5. [Escalade, Incorporated](https://www.sectoralpha.in/us/stocks/esca) $281 million
6. [American Outdoor Brands, Inc.](https://www.sectoralpha.in/us/stocks/aout) $228 million
7. Xponential Fitness, Inc. $224 million

[All 20 Leisure companies, largest first](https://www.sectoralpha.in/us/sectors/leisure#all-companies)

### Companies close in size in other industries

1. [AC Immune SA](https://www.sectoralpha.in/us/stocks/aciu) $221 million · Biotechnology
2. [GBank Financial Holdings Inc.](https://www.sectoralpha.in/us/stocks/gbfh) $220 million · Banks - Regional
3. Xponential Fitness, Inc. $220 million
4. [Keros Therapeutics, Inc.](https://www.sectoralpha.in/us/stocks/kros) $219 million · Biotechnology
5. [Microvast Holdings, Inc.](https://www.sectoralpha.in/us/stocks/mvst) $219 million · Auto Parts

## What else do people ask about Xponential Fitness? ### What were Xponential Fitness's latest quarterly results? Xponential Fitness, Inc. reported revenue of $66.0 M and a net loss of $4.1 M for the Jun 2026 quarter. Earnings per share were −$0.10. The operating margin was 18.1%, 10.6 percentage points lower than a year earlier (as of 3 November 2026). ### What is Xponential Fitness's market cap? Xponential Fitness, Inc.'s market capitalisation is $224 M at a stock price of $4.55. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Xponential Fitness performing? Xponential Fitness, Inc.'s latest readings are below. Over the past 13 weeks it has done worse than the S&P 500, for 19 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Xponential Fitness's stock price go up? This page does not forecast Xponential Fitness, Inc.'s stock price. What it shows instead: the stock price is $4.55. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Xponential Fitness in its business cycle? Xponential Fitness, Inc.'s FY25 operating margin was 25.3%, against a 5-year range of 1.7% to 25.3%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 18.1%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Xponential Fitness story? Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Xponential Fitness a stock worth studying right now? What the numbers show: Xponential Fitness, Inc.'s balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. The main open question: whether the business can earn its way back to positive net worth before new shares or a restructuring get there first. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.