Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Xponential Fitness, Inc.XPOF · other | |
|---|---|
| Grade |  C/Don the C/D boundary of 336 graded peers; percentile 59.1, sampling error 2.6 points; lower is stronger |
| Rank | 199 of 336 |
| Profitability | Apercentile 13.1 |
| Solvency | Dpercentile 72.8 |
| Growth and financing | Dpercentile 66.7 |
| Reliability | 0.87 AUCfailure model, filers with $120M to $591M assets; 95% interval 0.83 to 0.90; 206 events, 2020 to 2025 |
| Peer failure rate | 1.03% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $120M to $591M assetstotal assets $345.6M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: dilution, short runway, distress, fortress balance sheet |
| Inputs computable | 7 of 14 |
| Graded from | filings received through Mar 4, 2026219 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $4.962026-10-08; market equity $0; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Mar 4, 2026; the document on sec.gov.
Xponential Fitness, Inc. (the “Company” or “XPO Inc.”) through its principal operating subsidiary, Xponential Fitness LLC (“XPO LLC”), and other subsidiaries, is one of the leading global franchisors of boutique health and wellness brands. We operate a diversified platform of five brands spanning across verticals including Pilates, barre, stretching, functional training, and yoga.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 13.1 | |||||||
| Gross profitability | not computable | 27.1% | |||||
| one or more required annual facts are missing | |||||||
| Return on invested capital | not computable | 10.0% | |||||
| one or more required annual facts are missing | |||||||
| Accruals ratio | (17.9%) | [1,3-5] | (5.9%) | 13.1 | 506 | 2025-12-31 | |
| Gross margin stability, five years | not computable | 2.2 pts | |||||
| five annual gross margins are required; found 0 | |||||||
| Solvency, sleeve percentile 72.8 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| liabilities and a nearby cover-page share count are required at 2026-06-30 | |||||||
| Altman Z double-prime | (7.40) | [1,6-11] | 2.05 | 85.5 | 386 | 2025-12-31 | |
| Net debt to EBITDA | not computable | 2.52x | |||||
| one or more required annual facts are missing | |||||||
| Interest coverage | 0.40x | [9,12] | 2.18x | 58.6 | 88 | 2025-12-31 | |
| Current ratio | 0.82x | [6-7] | 1.32x | 74.5 | 506 | 2025-12-31 | |
| Growth and financing, sleeve percentile 66.7 | |||||||
| Revenue growth, three-year compound | 9.0% | [2,13-15] | 5.1% | 34.3 | 403 | 2025-12-31 | |
| Free cash flow growth, three-year compound | (16.9%) | [4,16-22] | 8.7% | 78.5 | 220 | 2025-12-31 | |
| Reinvestment rate | not computable | 11.9% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Asset growth, three years | (10.5%) | [1,5,23-24] | 4.1% | 87.2 | 438 | 2025-12-31 | |
| Net share issuance, one year | not computable | (0.4%) | |||||
| two annual share counts are required; found 0 | |||||||
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.019; sampling error 2.6 percentile points on 336 peers.
Among 336 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 194 | ManpowerGroup Inc. (MAN) ManpowerGroup Inc. (MAN) C/Don the C/D boundary; percentile 57.6 NYSE · Services-Help Supply Services market equity $2.5B; last close $54.38 No active warnings; 9 of 14 inputs | 57.6 | C/D | |
| 195 | GEE Group Inc. (JOB) GEE Group Inc. (JOB) C/Don the C/D boundary; percentile 57.9 NYSE · Services-Employment Agencies market equity $23.7M; last close $0.21 No active warnings; 10 of 14 inputs | 57.9 | C/D | |
| 196 | Concrete Pumping Holdings, Inc. (BBCP) Concrete Pumping Holdings, Inc. (BBCP) C/Don the C/D boundary; percentile 58.2 Nasdaq · Construction - Special Trade Contractors market equity $474.7M; last close $9.41 No active warnings; 11 of 14 inputs | 58.2 | C/D | |
| 197 | Compass Minerals International Inc. (CMP) Compass Minerals International Inc. (CMP) C/Don the C/D boundary; percentile 58.5 NYSE · Mining & Quarrying of Nonmetallic Minerals (No Fuels) market equity $968.9M; last close $23.03 No active warnings; 8 of 14 inputs | 58.5 | C/D | |
| 198 | Heritage Global Inc. (HGBL) Heritage Global Inc. (HGBL) C/Don the C/D boundary; percentile 58.8 Nasdaq · Services-Business Services, NEC market equity $44.3M; last close $1.28 Warnings: fortress balance sheet; 8 of 14 inputs | 58.8 | C/D | fortress balance sheet |
| 199 | Xponential Fitness, Inc. (XPOF) Xponential Fitness, Inc. (XPOF) C/Don the C/D boundary; percentile 59.1 NYSE · Services-Miscellaneous Amusement & Recreation last close $4.96 No active warnings; 7 of 14 inputs | 59.1 | C/D | |
| 200 | TrueBlue, Inc. (TBI) TrueBlue, Inc. (TBI) C/Don the C/D boundary; percentile 59.4 NYSE · Services-Help Supply Services market equity $278.9M; last close $9.17 Warnings: short runway, fortress balance sheet; 8 of 14 inputs | 59.4 | C/D | short runway, fortress balance sheet |
| 201 | Full House Resorts Inc. (FLL) Full House Resorts Inc. (FLL) C/Don the C/D boundary; percentile 59.7 Nasdaq · Hotels & Motels market equity $44.7M; last close $1.23 No active warnings; 8 of 14 inputs | 59.7 | C/D | |
| 202 | Caesars Entertainment, Inc. (CZR) Caesars Entertainment, Inc. (CZR) C/Don the C/D boundary; percentile 60.0 Nasdaq · Hotels & Motels market equity $6.0B; last close $29.51 No active warnings; 11 of 14 inputs | 60.0 | C/D | |
| 203 | Dorian LPG Ltd. (LPG) Dorian LPG Ltd. (LPG) C/Don the C/D boundary; percentile 60.3 NYSE · Deep Sea Foreign Transportation of Freight market equity $2.5B; last close $58.23 No active warnings; 8 of 14 inputs | 60.3 | C/D | |
| 204 | Western Union Co. (WU) Western Union Co. (WU) C/Don the C/D boundary; percentile 60.6 NYSE · Services-Business Services, NEC market equity $2.0B; last close $6.33 No active warnings; 9 of 14 inputs | 60.6 | C/D |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | C/D | 60.1 | 2204 |
| sector peers, equal sleeves (the grade) | C/D | 59.1 | 336 |
| same exchange, equal sleeves | C | 58.3 | 984 |
| sector peers, equal inputs | E | 83.6 | 336 |
Each letter is one fifth of the 336 graded peers, about 67 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (30.0%) | 2.0% | 21 | hotter than 21 of 100 peers |
| Distance from 52-week high | (44.9%) | (26.8%) | 25 | closer to its high than 25 of 100 peers |
| EBIT to enterprise value | not computable | 4.4% | required accounting or market input is missing | |
| Free cash flow yield | not computable | 4.1% | required accounting or market input is missing | |
| Book value to price | not computable | 0.34 | required accounting or market input is missing | |
| Sales to price | not computable | 0.70 | required accounting or market input is missing | |
| Composite equity issuance, five years | not computable | (8.8%) | required accounting or market input is missing | |
| Relative strength against the sector, log excess return | (0.50) | (0.13) | 21 | ahead of 21 of 100 peers |
Inputs: EBIT $19.8M; free cash flow $24.7M; book equity -$321.4M; sales $314.9M; debt $522.4M.
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | (9.6%) | ✗ fail[3,5] |
| Operating cash flow above zero | $28.3M | ✓ pass[4] |
| Return on assets improved | 3.2 pts | ✓ pass[3,5,23,25] |
| Operating cash flow exceeds net income | $67.0M | ✓ pass[3-4] |
| Long-term leverage fell | 60.4 pts | ✗ fail[1,5,23,26-27] |
| Current ratio improved | 3.6 pts | ✓ pass[6-7,28-29] |
| No new shares issued | n/a | |
| Gross margin improved | n/a | |
| Asset turnover improved | 17.6 pts | ✓ pass[2,5,13,23] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | n/a |
| Operating cash flow, four quarters | n/a[4,30-33] |
| Months of runway | not finite |
| cash is missing at the end of the latest cash-flow quarter | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 63 |
| 10-Q received Aug 7, 2026 | |
| Median daily dollar volume | $3.6M |
| 63 sessions | |
| Days since newest grade input | 219 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $345.6M | 2025-12-31 | 2026-03-04 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $314.9M | 2025-12-31 | 2026-03-04 | 10-K | filing · viewer · series |
| 3 | net income | us-gaap:NetIncomeLoss | -$38.7M | 2025-12-31 | 2026-03-04 | 10-K | filing · viewer · series |
| 4 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $28.3M | 2025-12-31 | 2026-03-04 | 10-K | filing · viewer · series |
| 5 | assets | us-gaap:Assets | $403.4M | 2024-12-31 | 2026-03-04 | 10-K | filing · viewer · series |
| 6 | current assets | us-gaap:AssetsCurrent | $94.6M | 2025-12-31 | 2026-03-04 | 10-K | filing · viewer · series |
| 7 | current liabilities | us-gaap:LiabilitiesCurrent | $116.0M | 2025-12-31 | 2026-03-04 | 10-K | filing · viewer · series |
| 8 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$740.5M | 2025-12-31 | 2026-03-04 | 10-K | filing · viewer · series |
| 9 | operating income | us-gaap:OperatingIncomeLoss | $19.8M | 2025-12-31 | 2026-03-04 | 10-K | filing · viewer · series |
| 10 | book equity | us-gaap:StockholdersEquity | -$269.1M | 2025-12-31 | 2026-03-04 | 10-K | filing · viewer · series |
| 11 | liabilities | us-gaap:Liabilities | $717.6M | 2025-12-31 | 2026-03-04 | 10-K | filing · viewer · series |
| 12 | interest expense | us-gaap:InterestExpense | $49.2M | 2025-12-31 | 2026-03-04 | 10-K | filing · viewer · series |
| 13 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $320.3M | 2024-12-31 | 2026-03-04 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $317.9M | 2023-12-31 | 2026-03-04 | 10-K | filing · viewer · series |
| 15 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $243.2M | 2022-12-31 | 2025-03-14 | 10-K | filing · viewer · series |
| 16 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $3.6M | 2025-12-31 | 2026-03-04 | 10-K | filing · viewer · series |
| 17 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $11.7M | 2024-12-31 | 2026-03-04 | 10-K | filing · viewer · series |
| 18 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $4.7M | 2024-12-31 | 2026-03-04 | 10-K | filing · viewer · series |
| 19 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $32.7M | 2023-12-31 | 2026-03-04 | 10-K | filing · viewer · series |
| 20 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $7.4M | 2023-12-31 | 2026-03-04 | 10-K | filing · viewer · series |
| 21 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $52.1M | 2022-12-31 | 2025-03-14 | 10-K | filing · viewer · series |
| 22 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $9.0M | 2022-12-31 | 2025-03-14 | 10-K | filing · viewer · series |
| 23 | assets | us-gaap:Assets | $529.5M | 2023-12-31 | 2025-03-14 | 10-K | filing · viewer · series |
| 24 | assets | us-gaap:Assets | $482.7M | 2022-12-31 | 2024-03-04 | 10-K | filing · viewer · series |
| 25 | net income | us-gaap:NetIncomeLoss | -$67.7M | 2024-12-31 | 2026-03-04 | 10-K | filing · viewer · series |
| 26 | long term debt | us-gaap:LongTermDebtNoncurrent | $500.5M | 2025-12-31 | 2026-03-04 | 10-K | filing · viewer · series |
| 27 | long term debt | us-gaap:LongTermDebtNoncurrent | $341.7M | 2024-12-31 | 2026-03-04 | 10-K | filing · viewer · series |
| 28 | current assets | us-gaap:AssetsCurrent | $84.1M | 2024-12-31 | 2026-03-04 | 10-K | filing · viewer · series |
| 29 | current liabilities | us-gaap:LiabilitiesCurrent | $107.9M | 2024-12-31 | 2026-03-04 | 10-K | filing · viewer · series |
| 30 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$25.7M | 2026-06-30 | 2026-08-07 | 10-Q | filing · viewer · series |
| 31 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$21.7M | 2026-03-31 | 2026-05-08 | 10-Q | filing · viewer · series |
| 32 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $17.6M | 2025-09-30 | 2025-11-10 | 10-Q | filing · viewer · series |
| 33 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $8.3M | 2025-06-30 | 2026-08-07 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 59.1 is 0.9 points from the nearest band edge; sampling error is 2.6 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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