Xponential Fitness, Inc.
XPOF Consumer Cyclical Leisure
In the quarter to June 2026, revenue fell 13.4%, EPS fell 900.0%, free cash flow fell 887.8% and total debt rose 43.8%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Xponential Fitness, Inc. (XPOF) Altman Z-score
Xponential Fitness, Inc.'s Altman Z-score for fiscal 2025 is −1.73, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −1.73 | 0.06 |
| FY2024 | −1.79 | (1.25) |
| FY2023 | −0.54 | 0.19 |
| FY2022 | −0.73 | 0.91 |
| FY2021 | −1.64 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.06) | — | −0.07 | |
| Retained earnings / total assets | (2.14) | — | −3.00 | |
| EBIT / total assets | 0.06 | — | 0.19 | |
| Market value of equity / total liabilities | 0.40 | — | 0.24 | |
| Sales / total assets | 0.91 | — | 0.91 | |
| Altman Z-score | Distress zone | −1.73 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −7.55 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| TRON Tron Inc. compare | 68.3× |
| ESCA Escalade, Incorporated compare | 5.2× |
| JOUT Johnson Outdoors Inc. compare | 3.6× |
| JAKK JAKKS Pacific, Inc. compare | 2.2× |
| AOUT American Outdoor Brands, Inc. compare | 2.1× |
| FNKO Funko, Inc. compare | 1.0× |
| CLAR Clarus Corporation compare | −0.3× |
| XPOF Xponential Fitness, Inc. | −1.7× |
| PLBY PLBY Group, Inc. compare | −2.6× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets