Earnings release
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XXPONENTIAL Xponential Fitness , Inc. Announces Second Quarter 2021 Financial Results August 24 , 2021 IRVINE , Calif .-- ( BUSINESS WIRE ) -- Xponential Fitness , Inc. ( NYSE : XPOF ) ( “ Xponential " or the " Company " ) , a curator of leading boutique fitness brands , today reported financial results for its second quarter ended June 30 , 2021 . Financial Highlights : Q2 2021 Compared to Q2 2020 Grew revenue 67 % to $ 35.8 million . • Increased system - wide sales¹ by 179 % , to $ 171.6 million . • Reported system - wide same store sales² growth of 129 % . • Posted net loss of $ 8.0 million , compared to a loss of $ 4.8 million . • Reported Adjusted EBITDA³ of $ 8.3 million , compared to $ ( 3.1 ) million . Q2 2021 Operating Highlights • Opened 59 new studios ; nearly 100 % of the 1,824 North American studios open and operational during the quarter . • Sold 197 North American franchise licenses , compared to 46 in Q2 2020 . • Increased total North American studio count to 1,824 at June 30 , 2021 , up from 1,765 total studios at March 31 , 2021 . • Reported fourth consecutive quarter of sequential system - wide sales improvement , representing consistent system recovery since the second quarter of 2020 . • Recovery of nearly 90 % run - rate AUVs4 as compared to January 31 , 2020 , placing the Company on track to reach pre - pandemic run - rate AUVs by early 2022 . " I'm extremely pleased with our second quarter 2021 financial results , " commented Anthony Geisler , Chief Executive Officer of Xponential Fitness , Inc. " As is evident from our solid year over - year revenue growth and the sale of 197 North American franchisee licenses in Q2 , our business has rapidly rebounded to pre - pandemic levels and importantly , as of today's date , is showing no signs of slowing down in the third quarter . When comparing the end of the second quarter of 2021 to January 31 , 2020 , even without taking into account our newest brand , Rumble , our business had recovered to 103 % of actively paying members , 98 % of total visits and a nearly 90 % run - rate AUV . Thus far in Q3 , this positive trajectory has continued . In July , we recorded our highest - ever monthly system - wide sales , and our August results to - date remain solid . So far in August , compared to the end of Q2 , we've seen an increase in our total memberships and our actively paying members , both overall and at a per studio level . " Mr. Geisler continued , " Since Xponential Fitness ' founding in 2017 , our mission has been to make boutique fitness accessible to everyone . Today , we are the largest boutique fitness franchisor in the United States and have over 1,850 studios operating globally across nine leading boutique fitness brands . In July , we reached an important milestone in our history by