Xponential Fitness, Inc. (XPOF)

NYSE · Common Stock · Services-Miscellaneous Amusement & Recreation

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

40 entities across 3 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-03-04 — see the exhibit.

Which other public companies file entities in the same places:

Subsidiaries of Xponential Fitness, Inc. as disclosed in its SEC filing
Entity	Jurisdiction	Note
AKT Franchise SPV, LLC	Delaware
AKT Franchise, LLC	Delaware
AKT Studio, LLC	Delaware
BFT Franchise Holdings, LLC	Delaware
BFT Franchise SPV, LLC	Delaware
Club Pilates Franchise SPV, LLC	Delaware
Club Pilates Franchise, LLC	Delaware
CycleBar Canada Franchising, ULC	Canada
CycleBar Franchising SPV, LLC	Delaware
CycleBar Franchising, LLC	Ohio
CycleBar Holdco, LLC	Delaware
CycleBar Worldwide Inc.	Ohio
Lindora Franchise, LLC	Delaware
PB 1001, LLC	Delaware
PB Franchising SPV, LLC	Delaware
PB Franchising, LLC	Delaware
Row House Franchise, LLC	Delaware
Row House Franchise SPV, LLC	Delaware
Row House Tustin, LLC	Delaware
Rumble 1001, LLC	Delaware
Rumble Franchise SPV, LLC	Delaware
Rumble Franchise, LLC	Delaware
Stretch Lab Franchise SPV, LLC	Delaware
Stretch Lab Franchise, LLC	Delaware
Stride Franchise SPV, LLC	Delaware
Stride Franchise, LLC	Delaware
Two Roads Diverged, LLC	Delaware
XPOF Assetco, LLC	Delaware
XPOF Issuer, LLC	Delaware
XPOF SPV Guarantor, LLC	Delaware
Xponential Employment Services, Inc.	Delaware
Xponential Finance LLC	Delaware
Xponential Fitness Brands International, LLC	Delaware
Xponential Fitness LLC	Delaware
Xponential Gift Cards LLC	Delaware
Xponential Intermediate Holdings, LLC	Delaware
Xponential Procurement Services, LLC	Delaware
Yoga Six Franchise, LLC	Delaware
Yoga Six Franchise SPV, LLC	Delaware
Yoga Six Studio, LLC	Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 8

FAILReturn on assets positiveROA -11.2%
PASSOperating cash flow positiveOCF 28M
PASSReturn on assets improving-16.8% → -11.2%
PASSCash flow exceeds earningsOCF 28M vs NI -39M
FAILLong-term debt ratio falling84.7% → 144.8% of assets
PASSCurrent ratio improving0.78 → 0.82
FAILNo share dilution32M → 35M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving0.79× → 0.91×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$106.6M	−$13.6M	−$2.6M	—	—
FY2021	$155.1M	−$18.8M	$10.8M	—	22,402,703
FY2022	$245.0M	$1.9M	$42.7M	—	25,295,000
FY2023	$318.7M	−$903,000	$28.0M	—	39,705,000
FY2024	$320.3M	−$67.7M	$7.0M	—	31,999,000
FY2025	$314.9M	−$38.7M	$24.7M	—	34,804,000

Ownership flow

11 institutions tracked — 7 added, 4 reduced.

Institutional holders of Xponential Fitness, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	2,436,664	+650,964	$16.9M
GEODE CAPITAL MANAGEMENT, LLC	Index	861,915	+207,777	$6.0M
CITADEL ADVISORS LLC	Hedge fund	278,923	+191,155	$1.9M
MORGAN STANLEY	Active fund	54,146	−115,339	$374,692
STATE STREET CORP	Index	631,446	+65,708	$4.4M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	51,225	−41,824	$354,477
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	35,200	−29,490	$243,584
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	29,290	+11,332	$203,000
BANK OF AMERICA CORP /DE/	Active fund	54,427	−7,415	$376,634
JPMORGAN CHASE & CO	Active fund	339,721	+3,790	$2.4M
FMR LLC	Active fund	1,718	+1,001	$11,889

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Identity

CIK: 0001802156
LEI: 549300I1AHR8KMMFIS52
FIGI: BBG011M1TX96
SIC: 7990 · Services-Miscellaneous Amusement & Recreation
Incorporated: DE
Headquarters: IRVINE, CA

Ownership

Institutional: 104.5%
Institutions: 158
Insiders: 6.1%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other services-miscellaneous amusement & recreation companies

Xponential Fitness, Inc. files under SIC 7990 — all 7 services-miscellaneous amusement & recreation companies compared on assets and F-score.

Walt Disney CoDIS VAIL RESORTS INCMTN StubHub Holdings, Inc.STUB Pursuit Attractions & Hospitality, Inc.PRSU Seaport Entertainment Group Inc.SEG Vivid Seats Inc.SEAT

Questions about Xponential Fitness, Inc.

How many subsidiaries does Xponential Fitness, Inc. file with the SEC?: 40, listed in its most recent exhibit 21. They are incorporated across 3 jurisdictions (Delaware, Canada, Ohio). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is Xponential Fitness, Inc. financially healthy?: Xponential Fitness, Inc. scores 5 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of Xponential Fitness, Inc.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), GEODE CAPITAL MANAGEMENT, LLC (adding), STATE STREET CORP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

40 entities across 3 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-03-04 — see the exhibit.

Which other public companies file entities in the same places:

Delaware37 Ohio2 Canada1

Entity

Jurisdiction

Note

AKT Franchise SPV, LLC

Delaware

AKT Franchise, LLC

Delaware

AKT Studio, LLC

Delaware

BFT Franchise Holdings, LLC

Delaware

BFT Franchise SPV, LLC

Delaware

Club Pilates Franchise SPV, LLC

Delaware

Club Pilates Franchise, LLC

Delaware

CycleBar Canada Franchising, ULC

Canada

CycleBar Franchising SPV, LLC

Delaware

CycleBar Franchising, LLC

Ohio

CycleBar Holdco, LLC

Delaware

CycleBar Worldwide Inc.

Ohio

Lindora Franchise, LLC

Delaware

PB 1001, LLC

Delaware

PB Franchising SPV, LLC

Delaware

PB Franchising, LLC

Delaware

Row House Franchise, LLC

Delaware

Row House Franchise SPV, LLC

Delaware

Row House Tustin, LLC

Delaware

Rumble 1001, LLC

Delaware

Rumble Franchise SPV, LLC

Delaware

Rumble Franchise, LLC

Delaware

Stretch Lab Franchise SPV, LLC

Delaware

Stretch Lab Franchise, LLC

Delaware

Stride Franchise SPV, LLC

Delaware

Stride Franchise, LLC

Delaware

Two Roads Diverged, LLC

Delaware

XPOF Assetco, LLC

Delaware

XPOF Issuer, LLC

Delaware

XPOF SPV Guarantor, LLC

Delaware

Xponential Employment Services, Inc.

Delaware

Xponential Finance LLC

Delaware

Xponential Fitness Brands International, LLC

Delaware

Xponential Fitness LLC

Delaware

Xponential Gift Cards LLC

Delaware

Xponential Intermediate Holdings, LLC

Delaware

Xponential Procurement Services, LLC

Delaware

Yoga Six Franchise, LLC

Delaware

Yoga Six Franchise SPV, LLC

Delaware

Yoga Six Studio, LLC

Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 8

FAILReturn on assets positiveROA -11.2%
PASSOperating cash flow positiveOCF 28M
PASSReturn on assets improving-16.8% → -11.2%
PASSCash flow exceeds earningsOCF 28M vs NI -39M
FAILLong-term debt ratio falling84.7% → 144.8% of assets
PASSCurrent ratio improving0.78 → 0.82
FAILNo share dilution32M → 35M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving0.79× → 0.91×

Year

Revenue

Net income

Free cash flow

Gross margin

FY2020

$106.6M

−$13.6M

−$2.6M

—

FY2021

$155.1M

−$18.8M

$10.8M

—

22,402,703

FY2022

$245.0M

$1.9M

$42.7M

—

25,295,000

FY2023

$318.7M

−$903,000

$28.0M

—

39,705,000

FY2024

$320.3M

−$67.7M

$7.0M

—

31,999,000

FY2025

$314.9M

−$38.7M

$24.7M

—

34,804,000

Ownership flow

11 institutions tracked — 7 added, 4 reduced.

Institutional holders of Xponential Fitness, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	2,436,664	+650,964	$16.9M
GEODE CAPITAL MANAGEMENT, LLC	Index	861,915	+207,777	$6.0M
CITADEL ADVISORS LLC	Hedge fund	278,923	+191,155	$1.9M
MORGAN STANLEY	Active fund	54,146	−115,339	$374,692
STATE STREET CORP	Index	631,446	+65,708	$4.4M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	51,225	−41,824	$354,477
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	35,200	−29,490	$243,584
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	29,290	+11,332	$203,000
BANK OF AMERICA CORP /DE/	Active fund	54,427	−7,415	$376,634
JPMORGAN CHASE & CO	Active fund	339,721	+3,790	$2.4M
FMR LLC	Active fund	1,718	+1,001	$11,889

Questions about Xponential Fitness, Inc.

How many subsidiaries does Xponential Fitness, Inc. file with the SEC?

40, listed in its most recent exhibit 21. They are incorporated across 3 jurisdictions (Delaware, Canada, Ohio). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is Xponential Fitness, Inc. financially healthy?

Xponential Fitness, Inc. scores 5 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of Xponential Fitness, Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), GEODE CAPITAL MANAGEMENT, LLC (adding), STATE STREET CORP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.