Xponential Fitness (XPOF) Cost of Revenue (2020 - 2026)
Xponential Fitness' Cost of Revenue came in at $9.78 million for Q2 2026, down 32.4% from $14.46 million a year earlier but up 41.9% from the prior quarter.
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Analysis
Xponential Fitness (XPOF) Cost of Revenue (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Xponential Fitness reported Cost of Revenue of $50.89 million, down 29.7% year-over-year; for FY2025, it came in at $64.75 million, down 20.3% from FY2024.
- Cost of Revenue carries a five-year compound annual growth rate of 13.7% (FY2020 to FY2025).
- Going back by year, Cost of Revenue was $81.28 million in FY2024 (+6.5%), $76.32 million in FY2023 (+64.3%), $46.45 million in FY2022 (+12.6%) and $41.27 million in FY2021 (+20.9%).
- The five-year range for quarterly Cost of Revenue is -$2.09 million (Q4 2022) to $24.04 million (Q4 2023).
- Year-over-year, Cost of Revenue has declined for seven consecutive quarters, with an average decline of 19.0% over the last eight quarters.
- The fastest year-over-year change in Cost of Revenue over five years came in Q2 2022 (growth of 92.1%), and the weakest in Q1 2026 (a decline of 57.1%).
- Business Quant data shows XPOF's Cost of Revenue at $6.89 million (Q1 2026), $16.93 million (Q4 2025) and $17.29 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 23.47 Bn | 9.89 Bn | 1.48 Bn | 1.67 Bn |
| 2 | DraftKings | 16.53 Bn | 12.19 Bn | 551.45 Mn | 891.78 Mn |
| 3 | Flutter Entertainment | 12.99 Bn | 6.73 Bn | 1.71 Bn | 2.61 Bn |
| 4 | Madison Square Garden Sports | 9.80 Bn | 9.40 Bn | 119.21 Mn | 159.53 Mn |
| 5 | Life Time Group Holdings | 9.15 Bn | 8.39 Bn | 412.26 Mn | 453.73 Mn |
| 6 | Wynn Resorts | 7.85 Bn | 1.40 Bn | 758.95 Mn | 1.10 Bn |
| 7 | MGM Resorts International | 7.67 Bn | -517.04 Mn | 1.98 Bn | 2.47 Bn |
| 8 | Light & Wonder | 7.12 Bn | 6.43 Bn | 618.00 Mn | 210.00 Mn |
| 9 | Caesars Entertainment | 6.04 Bn | 2.66 Bn | 1.50 Bn | 1.49 Bn |
| 10 | Xponential Fitness | 197.48 Mn | 9.03 Mn | 56.19 Mn | 9.78 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.78 Mn |
| Mar 31, 2026 | 6.89 Mn |
| Dec 31, 2025 | 16.93 Mn |
| Sep 30, 2025 | 17.29 Mn |
| Jun 30, 2025 | 14.46 Mn |
| Mar 31, 2025 | 16.07 Mn |
| Dec 31, 2024 | 19.75 Mn |
| Sep 30, 2024 | 22.15 Mn |
| Jun 30, 2024 | 19.77 Mn |
| Mar 31, 2024 | 19.61 Mn |
| Dec 31, 2023 | 24.04 Mn |
| Sep 30, 2023 | 16.27 Mn |
| Jun 30, 2023 | 17.94 Mn |
| Mar 31, 2023 | 18.07 Mn |
| Dec 31, 2022 | -2.09 Mn |
| Sep 30, 2022 | 16.65 Mn |
| Jun 30, 2022 | 18.06 Mn |
| Mar 31, 2022 | 13.83 Mn |
| Dec 31, 2021 | 13.39 Mn |
| Sep 30, 2021 | 10.81 Mn |
API Access
Xponential Fitness Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=XPOF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "XPOF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=XPOF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();